Listers Group, a reputable dealership in the Midlands and East regions, has been known to facilitate Aston Martin purchases for discerning car enthusiasts. While Listers Group may not currently stock Aston Martin vehicles, many consumers purchased these luxury cars through them or similar dealer groups on Personal Contract Purchase (PCP) or Hire Purchase (HP) finance agreements.
Aston Martin Finance at Listers Group
When purchasing an Aston Martin through a dealership like Listers Group, the process typically involves setting up a PCP or HP agreement. Under such arrangements, the customer makes monthly payments for a set period, with the option to buy the car outright at the end of the contract. Dealerships often earn additional income through what is known as a discretionary commission arrangement (DCA). This DCA is essentially a payment made by the finance company to the dealer based on the volume and type of agreements they secure.
How Does PCP/HP Work When Buying an Aston Martin at Listers Group?
In a typical scenario, when you buy an Aston Martin from Listers Group using PCP or HP, your monthly payments are calculated based on factors such as the vehicle's value, interest rates, and the agreed term of the finance agreement. The dealer plays a crucial role in guiding customers through this process and often benefits financially through DCAs. It is important to understand that while Listers Group facilitates the sale, they are not the lender; you will need to identify which financial institution provided your car finance.
Finding Your Lender
To determine the name of the lender for your Aston Martin purchase arranged through Listers Group, carefully review your finance agreement documents. These documents should include details about the financing company and any additional fees or commissions involved in your deal. If you cannot find this information, contact Listers Group directly to obtain it.
If you believe there are issues with your Aston Martin car finance agreement that were arranged through a dealership like Listers Group, the first step is to approach your lender directly with any concerns. You should gather evidence and documentation related to your finance contract before reaching out. You can complain for free without involving third-party claims management companies. Remember, many consumers have been affected by similar issues; according to the FCA, an estimated 14 million agreements were impacted between 6 April 2007 and 1 November 2024, resulting in a total of £8.2 billion being paid out, with an average refund of £700 per agreement.
You do not need a claims management company to address your concerns. Instead, you can complain directly to the lender using their official complaint channels.
Sources and references
- Financial Conduct Authority (FCA) estimates on affected agreements: 14 million agreements (FCA estimate), £8.2 billion total (FCA estimate), £700 average (FCA estimate).