HELP!! (purchase insurance question)

dantai2000

I have bought a car on ebay about 3 weeks ago and I bought it via Paypal, which is connected to my Mastercard credit card. Does this mean the purchase of that car is insured via the card? Not sure how this works...

The thing is, I bought it (£600), drove it home, had it MOT'd (cost me another £170 coz it needed a new headlamp), then went for a VIC check a few days later (was a cat C) and the next day when I wanted to drive off to get the it taxed the right-back bumper was scraping on the tyre. Had it checked out by the garage and they say it's a write off!!

The garage suspect someone must have driven into the back of it and driven off, but as I have no culprit-insurance details I won't be able to claim on my own insurance, or will I??

Please help me find a way to recover some of the cash I've invested...!!

Fiddlestick

dantai2000 wrote: »

I have bought a car on ebay about 3 weeks ago and I bought it via Paypal, which is connected to my Mastercard credit card. Does this mean the purchase of that car is insured via the card? Not sure how this works...

No.

To cut a long story short, you paid Paypal using your Mastercard, not the seller of the car.

Your issuer's liability starts and ends with the transaction that funded your paypal account.

What you then did with the funds in the paypal account (in this case the purchase of the car) is of no consequence to the card issuer.

dazza.mk

If I'm correct this is something that may have happened since you purchased it? - Its doubtful your credit card has such insurance (as its above and beyond Section 75), and even if it did its questionable if it would apply to the purchase due to having used Paypal as an intermediary.

You will be able to claim on your insurnace But this will go down as a 'fault' claim (as your insurer won't be able to reclaim the money from a 3rd party) for when it comes to renew ie. an increase in premiums and loss of No Claims Discount unless protected.

ILW

Not sure what you are getting at.
Somebody drove into your car and you expect the CC company to give your money back? If that is the case you have no chance.

ILW

dazza.mk wrote: »

If I'm correct this is something that may have happened since you purchased it? - Its doubtful your credit card has such insurance (as its above and beyond Section 75), and even if it did its questionable if it would apply to the purchase due to having used Paypal as an intermediary.

You will be able to claim on your insurnace But this will go down as a 'fault' claim (as your insurer won't be able to reclaim the money from a 3rd party) for when it comes to renew ie. an increase in premiums and loss of No Claims Discount unless protected.

Doubt if it was insured fully comp on a £600 car.

Norfolk_Jim

Do you mean your mastercard has 100 day purchase protection insurance like Nationwide Visa does? I thought they were the only ones offering that perk.

Fiddlestick

Norfolk_Jim wrote: »

Do you mean your mastercard has 100 day purchase protection insurance like Nationwide Visa does?

Irrelevant.

The "purchase" was funding his Paypal account.

What he then did with the funds that were put into his paypal account is of no consequence to the card issuer.

Norfolk_Jim

Fiddlestick wrote: »

Irrelevant.

The "purchase" was funding his Paypal account.

What he then did with the funds that were put into his paypal account is of no consequence to the card issuer.

I accept that, it was that the OP's thinking was not clear. I wondered how they came to the conclusion that there might be some kind of come back against their card.

Fiddlestick

Norfolk_Jim wrote: »

I accept that, it was that the OP's thinking was not clear. I wondered how they came to the conclusion that there might be some kind of come back against their card.

Wishful thinking?

Clutching at straws?