DSG Coverplan rocks!

seanyseansean

As this site has saved me loads of money, here's something back. Hope it's not a dupe.

I bought a new 32" widescreen LCD TV from Dixons. Unbelievably it was a bargain - 150 quid cheaper than anywhere online (£570 for a LG RZ32LZ50). As i'm a bit savvy I agreed to take the crappy Coverplan, knowing that I could cancel it in 45 days, just so the salesman would give me 30 quid off and get his commission. All good.

I phoned a week later to cancel it. As i'd bought it on the 9 months interest free thing, I was surprised to find a cheque for £159 in the post today rather than just a reduction in the credit amount. Apparently, because they can't change the interest free agreement they simply send a cheque for the value of the coverplan. I bought the 3 year one, but wish I had got the 5 year - essentially I can cash the cheque, earn interest on it, then pay it back in 9 months for free. Marvellous

Anyways its just a heads up - if you're buying a major purchase from DSG then use the Coverplan purchase as a lever to get a discount, make sure you use the interest free offer (it actually goes through HFC bank I think), then keep the interest for 9 months.

Thanks for the tips by the way. I've saved a fortune on here

Sean

marble

Just out of interest, what happens if you didn't pay it off after 9 months? Do you then have to pay interest on the full loan amount (£570 + £159) or is it just the remaining balance (£411).

It seems logical that you would pay interest on the full £729 loan amount, but am just interested ...

Al

BigDonut

a couple of years a go i bought fridge freezer and microwave and took out the coverplan to get a discount.
When I (a week later) phoend to say I wanted to cancel the cover plan they told me I had to take it back to the store to cancel it. Which I did but it was a lot of hassle

Maybe you got lucky!

seanyseansean

BigDonut wrote:

a couple of years a go i bought fridge freezer and microwave and took out the coverplan to get a discount.
When I (a week later) phoend to say I wanted to cancel the cover plan they told me I had to take it back to the store to cancel it. Which I did but it was a lot of hassle

Maybe you got lucky!

I got told that, but after pointing out that it stated in the t&cs that I had to phone, and that I was 14 miles away from the store, they relented and did it all on the phone. Stick to yer guns!

edmundli

its not supposed to work like that.
They are supposed to cancel the HFC credit agreement and then redo it
hmmmz
guess ya lucky!