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eek

The Next Mis-Selling Income Source. We've Had Ppi Now Its Car Sales

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sorry if this ain't the correct forum, I can't work out which one is appropriate.

I remember a while back someone somewhere on here posted an anecdote about a car retailer looking for someone to investigate "PPI" claims. Well this has just appeared on my radar

http://www.bitterwallet.com/motoring/car-industry-faces-ppi-like-claims-92400

It seems that lawyers think it many (most) Personal Contract Purchase (PCP) schemes may have been missold. So we have another source of income for lawyers and another source of reasonable sums (£2-4k) for people to waste on other goods...

Edited by eek

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The irony is many PCP probably funded with PPI payouts.

#stealthstimulus

Yes, I thought it was often PPI payouts that provided the deposits.

This is all getting a bit circular. Round and round until we disappear...

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I'd support their second point, although I'd be unlikely to litigate. When I bought my first car on PCP the salesman said there would be "equity" in the car, although his mumblings and avoidance tactics when I asked how much, were enough of a giveaway that it was marketing b0llocks.

Saying that, I can't find issue with this, new car salesmen are professional liars the lot of them.

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Isn't this like eating our own sh1t and thinking we'll never starve as a result?

:lol::lol::lol::lol::lol::lol:

Thank you sir. I haven't laughed so hard for ages!

I have been coming around to that way of looking at it lately but hadn't quite been able to articulate it.

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Yes, I thought it was often PPI payouts that provided the deposits.

This is all getting a bit circular. Round and round until we disappear...

Yes. Round and round spiralling slowly down the plughole.

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Isn't this like eating our own sh1t and thinking we'll never starve as a result?

You are a breatharian and I claim my weekly water.

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All the time the deposit for the next mis-selling scandal shrinks as the lawyers and agencies feed. Eventually in a similar manner to the balls of fish in the oceans there will only be a few loose notes left. Quite poetic isn't it.

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sorry if this ain't the correct forum, I can't work out which one is appropriate.

I remember a while back someone somewhere on here posted an anecdote about a car retailer looking for someone to investigate "PPI" claims. Well this has just appeared on my radar

http://www.bitterwallet.com/motoring/car-industry-faces-ppi-like-claims-92400

It seems that lawyers think it many (most) Personal Contract Purchase (PCP) schemes may have been missold. So we have another source of income for lawyers and another source of reasonable sums (£2-4k) for people to waste on other goods...

....not much equity around when these machines no matter how shiny and curvy ...depreciate so much...... :rolleyes:

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