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Option to purchase fee valid?
Just going through a credit agreement I have on a car purchased recently (cannot believe I didn't spot this before! - when will I learn!)
Going through the various items making up the 'Financial Particulars', at (6.) there is an 'Option to purchase fee'.
Am I correct in thinking such a fee is only valid for a balloon payment style finance?
Mine is a standard, £deposit + £Monthly x 60 Months = £ Total owed so I don't think this should be in there?
If not, what are the implications of this to the finance company?
Going through the various items making up the 'Financial Particulars', at (6.) there is an 'Option to purchase fee'.
Am I correct in thinking such a fee is only valid for a balloon payment style finance?
Mine is a standard, £deposit + £Monthly x 60 Months = £ Total owed so I don't think this should be in there?
If not, what are the implications of this to the finance company?
