Reports of young motorists being pressured into leasing brand new cars when they cannot afford the monthly payments, have been hitting the headlines in recent weeks.
A recent undercover investigation by the Daily Mail revealed that drivers on low wages, some with poor credit histories and even some without a job, are being offered top brand cars worth up to £20,000 – for no deposit. The Mail’s exposé claimed that in their hurry to secure business, reckless sales staff at dealerships across the UK are failing to carry out full affordability checks and trying to get drivers to over-commit on Personal Contract Purchase (“PCP”) deals.
As a company which is committed to meeting leasing industry standards, we are against any form of pressure selling and always ensure our customers can comfortably afford the car they plan to lease.
Simon Hill, Total Motion’s managing director voiced his concern: “It is disturbing to learn that young motorists are being tempted into taking out agreements that will leave them with levels of debt that they simply can’t service. As a leading vehicle management business, we have a highly responsible attitude to leasing contracts and ensuring the affordability of our vehicles. We always take the time to get to know our customers before entering into any financial arrangements with them.
“Our approach fosters strong relationships, resulting in repeat business and customer loyalty.
“We don’t get involved in aggressive marketing or pushy sales techniques and we don’t do zero deposit deals for the general public.”
According to the Daily Mail, undercover reporters visited 22 dealerships in England and Scotland, claiming to be in their early twenties and out of work, in poorly paid jobs or trying to purchase a car despite having poor credit rating. Around half of the dealers they visited – including ones selling Audis, Mazdas, Suzukis, Fords, Vauxhalls and Seats – told them they could have a brand new car without paying any money up front.
Here is a link to the recent Daily Mail article for more information: http://dailym.ai/2uzV6xt.