Questions and Answers: Reclaiming Car Finance

Should I inquire about the official fuel efficiency ratings for the car and compare them with any claims made by the car salesperson?

Absolutely! Inquiring about the official fuel efficiency ratings for the car is a crucial step before finalizing your decision, especially if the salesperson makes specific claims about how economical it is. Here's why:

Importance of Official Ratings:

  • Standardized Testing: Official fuel efficiency ratings come from standardized government tests designed to provide a reliable comparison between different car models.

In the UK, these ratings are displayed using a Miles Per Gallon (MPG) figure and a CO2 emissions rating.

  • Basis for Comparison: Knowing the official rating allows you to compare the car's fuel efficiency with other similar models and assess its real-world running costs.

How This Helps Identify Potential Mis-selling:

  • Identifying Unrealistic Claims: If the salesperson's claims about fuel efficiency are significantly higher than the official rating, it could be a red flag.
  • Informed Decision-Making: By knowing both the official rating and the salesperson's claims, you can make a more informed decision about whether the car meets your fuel efficiency needs and budget.

Here's How to Find Official Ratings:

  • Government Website: The UK government provides a tool to search for a car's official fuel efficiency and CO2 emission ratings: https://www.gov.uk/guidance/advisory-fuel-rates
  • Manufacturer's Website: Most car manufacturers will also display the official fuel efficiency ratings on their websites for each car model.

Remember:

  • Official ratings are a reliable benchmark for comparing fuel efficiency.
  • Significant discrepancies between salesperson claims and official ratings warrant further investigation.
  • Knowing both figures empowers you to make informed car finance decisions.

By proactively checking the official fuel efficiency ratings, you can protect yourself from potential mis-selling and ensure you're getting a car that aligns with your financial goals.
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