cancelling DFS sofa order

00ec25

a DFS sofa is a finance package attached to a very low quality sofa so that they can legally market and sell an interest "free" loan without you realising you are paying through the nose over a 4 year period for a cheap product and a lot of "free" credit

do you really think the fact the price has gone up to £2k means that is what it is worth???
they are legally required to sell each item at full price for a minimum of 28 days per year to comply with the rules over advertising their "half" price sales. wait another month for the next sale and then see what it is priced at

irishjohn

The sofa is pictured today in DFS advert - back to half price

hazyjo

You won't be able to sell it on if you have finance on it.

I suppose you could take out a loan and then pay off the DFS loan (if they allow that) - but if you got an interest free loan, you'll obviously be stuffed as will now have interest.

Also, never a good idea to buy anything on credit when buying a house. Will go against you when applying for a mortgage - that amount and more is now likely to be knocked off what you can borrow - and credit/loans, unless paid straight off, do not look good on your file.

Jx

meethachandran

true, i got this after the mortgage was approved. mortgage was never been an issue. the vendor just pull out the sale in the last minute.

i can pay off the dfs finance at any time so it wont be an issue.

GDB2222

meethachandran wrote: »

true, i got this after the mortgage was approved. mortgage was never been an issue. the vendor just pull out the sale in the last minute.

i can pay off the dfs finance at any time so it wont be an issue.

The real problem is that the buyers on ebay are probably looking for cheaper secondhand furniture, so you may get very, very little for your sofa. If DFS will let you cancel the order, even paying say half as a penalty, that could be your best bet.

hazyjo

meethachandran wrote: »

true, i got this after the mortgage was approved. mortgage was never been an issue. the vendor just pull out the sale in the last minute.

i can pay off the dfs finance at any time so it wont be an issue.

Definitely pay it off (if DFS allow it) when you have to reapply for a mortgage (which you will when you find another house) or you might find that the mortgage becomes an issue. I know the vendor pulled out, but that makes no difference to your mortgage provider. You will have to reapply for another house and it will need to be approved. Any change in your financial status or circumstances (or any other variation) will need declaring.

Jx

caeler

Why not go into store and discuss it in person perhaps with the manager. I think there is some informal recourse because on more than one occasion I've seen sofas to take away from store, the last time I was told it had been ordered but they had changed their mind. I'm sure the original purchaser probably lost alot of money but isn't it worth a try?

giddypenguin

Just put it in storage? Costs like £5 a week!

wnoktnwbr

wait, if it hasn't been delivered why can't it be cancelled?

meethachandran

DFS told it cannot be cancelled once we ordered, i have ordered on last week of April and due for delevery in July