We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Section 75 - is this scenario valid for a claim?
Spike1000
Posts: 2 Newbie
in Credit cards
Here's the example scenario: A £7,000 deposit is paid, by credit card, to a car dealer as a 20% deposit for a new car. The car dealer goes bust before the car is delivered. Can you claim the £7,000 deposit back from the credit card company, which falls into the £100 to £30,000 limits, even though the car, valued at £35,000, does not??
0
Comments
-
No, my understanding is that if the total purchase price exceeds £30,000 then Section 75 will not apply in any shape.
What sort of car is it ? Can you not find a similar vehicle at around £30,000 ?0 -
mmmm thought so. Hopefully try to argue that the deposit is the consequential loss and not the goods which were not paid for in full. What do you think?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards