Hi
In January last year i took out finance on a car with welcome finance. Everything was ok when I did the deal and I opted for ppi as I figured it was a good idea as I couldnt afford to lose the car.
My point is this:-
1. at the time I took out the ppi I didnt realise that interest would be charged on the premium nor that it was a single payment premium. I figured that it was just an extra amount added to my monthly payments.
2. At no time did the salesman tell me that I could take out PPI with an independant company and since I have found out I could have covered myself independantly and saved about £2,000 + interest.
How on earth do I prove that this is the case and where do I start should I decide to proceed with a claim?
I have also noted on the credit agreement that although at the time they were and still are offering £1,000 part exchange for your old car but the credit agreement only shows a part exchange allowance of £1.00.
After asking the salesman several times (as he kept sidestepping the question) how much the car was he finaly told me that the car was £9,800. On the credit agreement it shows the amount of credit for the goods as £9,800 so as far as I can see they only gave me £1.00 for my old car.
Do i have a case there?
Also they claimed at the time that there was no deposit to pay but I still ended up paying £100.00 deposit as well as my car.
Many Thanks in advance.
Have I been Misold PPI? 
