Advice

How to save 50%

Using Wizz could save you 50% over leasing and 60% on PCP based on real cost of ownership*.

See how HERE

Example over 4 years. Car value £28,000 at 10,000 miles per annum, this will reflect the % saving for most cars.

Our advice is impartial and free. Wizz will present you with the comparison on your chosen vehicle and it is your decision how you would like to proceed.

This a representative example and is by no way a quote or offer. Figures may have been rounded up or down.

*Cost of ownership: - Vehicle funding only, not including normal running cost. 

How to save 50%

Using Wizz could save you 50% over leasing and 60% on PCP Based on real cost of ownership*.

See how HERE

Example over 4 years. Car value £28,000 at 10,000 miles per annum, this will reflect the % saving for most cars.

Our advice is impartial and free. Wizz will present you with the comparison on your chosen vehicle and it is your decision how you would like to proceed.

This a representative example and is by no way a quote or offer. Figures may have been rounded up or down.- *Cost of ownership: - Vehicle funding only, not including normal running cost.-

About Wizz

Wizz are a consumer advocate or poacher turned gamekeeper, whichever you prefer. 

We work on behalf of our clients and offer free impartial car buying advice, analysing, reviewing and verifying the car buying process.

If we can source the best car acquisition deal we will, or if the deal you have been offered is in our opinion the best in market, we will act as your representative and drive the offering down even further.

Summary

If you have found, or are looking for a car, having expert advice before you continue is best practice.

Why use Wizz

Car salesmen are highly trained to sell you cars for as much as possible. They have access to information which the consumer does not. This positions them as the authority, making it significantly more difficult for car buyers to get a good deal. 

HPi/Cap book car values are for trade eyes only and residual values or “The Guaranteed Future Value” (GFV) can vary from supplier to supplier altering the headline monthly price. 

Buyers and sellers’ primary goal is to achieve the lowest or highest price possible. By having industry knowledge, and many years of negotiating experience, Wizz can shift the balance in your favour. 

Who is our buying advice aimed at?

Our service is aimed at individuals that recognise the value of their time.

Acquiring a car is time consuming and costly. Searching, comparing deals that are designed in the dealer’s favour, and negotiating with suppliers will take many hours.

Consulting Wizz gives you time back and will save you money.- -

PCP mis-selling

Drivers who have bought cars using PCP from a dealer are being warned they might have fallen victim to a new type of mis-selling scandal. This is according to the National Association of Commercial Finance Brokers (NACFB), which says that many buyers could have had the wool pulled over their eyes by car dealers. 

A PCP is a bit like a personal loan that typically runs for between two and four years. But the size of the loan is equal to the expected amount of depreciation in the car over the length of the deal.

Potential problems according to the NACFB are that buyers can end up paying much more interest than on hire-purchase deals – even if the APR (annual percentage rate) appears to be the same.

There is also concern that dealers are offering part exchange without disclosing the true value of the vehicle masking it with non-disclosed discounts, so the buyer enters into another agreement without transparency.

Reference

NACFB

Tax implications

Lease, HP, Contract Hire, PCP and outright purchase attract different levels of TAX and is used regularly as misdirection or smoke and mirrors by companies selling cars to herd the customer towards the most profitable deal.

Due to 2020 and the level of Government borrowings, TAX advise today may change by the time you take delivery. Car drivers have always been considered as low hanging fruit, so expect ICE (Internal combustion engine cars) to be in the sights of the treasury.

Donald Rumsfeld could have been talking about TAX when he said.

“We know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns- the ones we don't know we don't know.”

You should always consult your tax advisor and not trust the dealer. 

Distance selling regulations and how to protect your interest

If you’ve placed a deposit on a vehicle at a distance, either online or over the phone, you are entitled to cancel your order within 14 days and receive a full refund of your deposit, regardless of your reasons or any money the retailer has spent. 

Bear in mind though, that if you placed a deposit at the retailer’s premises, you may not be able to receive a full refund, and you’ll need to check the terms and conditions that you signed.

If you’ve paid for the car in full, and taken delivery of it, you have 14 days to change your mind from when you receive the vehicle, again, you don’t have to give a reason for cancelling and the retailer must give you a full refund.

If the retailer doesn’t give you information about your rights under a distance sale at the time of delivery, including your right to cancel the purchase within 14 days, then you’ll have up to 12 months to cancel your order and receive a refund.

REMEMBER: If you visit the retailer’s premises at any time during the sales process, so for example, when paying your deposit or signing your paperwork, this no longer counts as a distance sale. Therefore, you won’t have a cancellation period and your usual consumer rights will apply.

Reference
The Motor Ombudsman

Car faults

If you bought the car in the UK and it doesn't meet one of the standards below, the Consumer Rights Act gives you the right to return the car or have it repaired.

Consumer Rights Act stipulates that you can expect it to:

Be of satisfactory quality (taking into account its age and mileage)

Meet any description given to you when you were buying it (whether in the ad or in discussions prior to sale)

Be fit for the purpose (for example, to get you from A to B safely).

The Consumer Rights Act gives you an initial 30 days to reject a car if it is faulty and claim a full refund from the dealer that sold it to you. You can also ask for it to be repaired or replaced.

After those first 30 days you have to give the dealer a chance to repair or replace the car.

For up to six years you can take action for breaches of the Consumer Right Act, (five in Scotland) after the date of the contract. But you need to think carefully whether you're claim is realistic. 

Reference
Which

Contact us

Email : hello@wizz-cars.co.uk

Telephone : 01483 802 202

Company Address :
Wizz Cars
Unit 4
Burrows Lea Industrial Estate
Hook Lane, Shere
Guildford, Surrey
GU5 9QQ

Hi Spec Leasing T/A Wizz Cars are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 786352

Registered in England & Wales with company number : 07167687 | Data Protection No : ZA151920 | VAT No : GB 992 3385 83

Registered Office : Burrows Lea Farm, Hook Lane, Guildford, Surrey, GU5 9QQ

Disclaimer: All vehicle images and descriptions are for illustration and reference purposes only, all vehicle leases are subject to credit approval and subject to change at any time. E&OE.

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