I EXPOSED THE CAR FINANCE SCAM

Thanks to Carvertical for sponsoring this video. DISCOUNT CODE = MARK use the link below for a discount on your next check: www.carvertical.com/gb/landing/v3?utm_source=infl&…

Poor people buying a new car instead of getting a used one.

Do insurance next please mate, I'm sure you could find a litany of dodgy deals and insurance companies gouging the life out of us.

This man is on a streak. Banger after banger

The crazy thing is that all the figures have always been there in black and white, all buyers had to do was read the paperwork. Very easy to figure out what the total cost of a car is on finance, but buyers just got caught up in the whole 'new car' thing and threw commonsense out the window.

I bought an Audi S4. Paid 50% with my own money from sale of previous car and got a bank loan for the other half at a rate way lower than car finance companies offer. No mileage limits, loads of interest saved.

Feel so much better for Jane. Was really stressed she couldn’t have her special car when all you have is 10-15 cars in the garage to choose from

Financing cars is ridiculous and shows the level of financial illiteracy in the UK.

Love the car journalism video please make more mark!!!! So many people get scammed in the uk

I never finance anything. Just walk in there and do a bank transfer. I was shocked Porsche and Mercedes even pushed me to get their financing.

I don't get it... you're still paying 9% APR which is ridiculous for a depreciating asset. If you can't afford it outright - don't buy it, it's as simple as that. Obviously there are some exceptions like people who need cars for work but a vast majority of people are buying it for the sake of convenience and can easily go without that luxury

So let me get this straight, £143,000 for the car outright. Even on the new cheaper interest rate of just under £40,000 you’re paying £182,000 for that vehicle. So that equates to 28% extra, roughly a third more that you’ll be paying. I can’t see the logic in that at all. Just want to add this is a general comment and I highly rate Mark’s YouTube content.

If your planning on using the Master Plan detailed in the video please do your own research before committing ‘Cooling off’ period is different to ‘withdrawing’ from finance ‘Cooling Off’ - refers to distance selling regulations (you purchased a vehicle on finance without seeing the vehicle before hand and you return the finance & the vehicle back) ‘Withdrawing’ - Exiting the finance agreement but keeping the vehicle (payment required in full) There are lots of reasons / regulations as to why someone cannot ‘withdraw’ from a finance agreement. All of which are covered in the European Consumer Credit Directive. E.g. you purchase the vehicle via your company / partnership or the value is over £60,262 Please be careful before committing to a deal just to purchase your dream car

Mark you should do a vid calling out all the influencers/ car influencers who are trying to get money of referrals for trading 👍

One of the best channels out there, really focusing on niche topics everyone is wondering about.

You’re making great videos investigating these scams and car theft issues. You’re also helping people be better aware. 👍

The trick is to no finance a car! And buy the best car you can for the money you have there are some amazing cars to be had for less than 8k. Granted they are not new but who cares a lot of cars get damaged these days I'd have anxiety attacks owning a new car in the UK.

Awesome Mark lovin the content lately. Paying back to the public helping people out with inside knowledge. Killing it as always, keep em coming Mark.

Great that your getting this out there, love that you are educating people. If you have bad credit your getting your pants pulled down even further with finance rates around the 40% apr mark or higher!

What an awesome video. Even slightly welled up at Jayne getting her beloved G-Wagen. I cannot believe how good your videos are (especially of late) and the fact that you are exposing these corrupt practices. One reason why I always buy my cars with a personal loan that I am happy with. 👌👌👌