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      02-11-2020, 01:40 PM   #13
Auslander
Private First Class
United Kingdom
20
Rep
103
Posts

Drives: BMW F10 520d, Porsche Boxster
Join Date: Jan 2020
Location: Cardiff

iTrader: (0)

Santander are one of many companies who provide Hire Purchase, PCP etc. For dealers. They acknowledge you have a right to VT, but also note that they will record this on your credit record. Therefore a lender could, and indeed have in the past, taken this into account even though your credit rating for other kinds of finance is unaffected.

If I were running a finance house, I’d also want to know if a customer had a record of VT before assessing if I wanted them as a customer.