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!

Jean55

Jean55
Jean55 Posts: 6 Forumite
in Credit cards
Hi
I am considering using an online new car dealer. They buy their cars "trade" from dealers around the UK. If I pay the deposit of £500 by credit card and the rest by bank transfer will I be covered by section75 given they buy from other dealers ?
Thanks

Comments

  • Foxy-Stoat_3
    Foxy-Stoat_3 Posts: 2,980 Forumite
    https://forums.moneysavingexpert.com/discussion/5092317

    https://forums.moneysavingexpert.com/discussion/5092327
    "Dream World" by The B Sharps....describes a lot of the posts in the Loans and Mortgage sections !!!
  • InsideInsurance
    InsideInsurance Posts: 22,460 Forumite
    10,000 Posts Combo Breaker
    Jean55 wrote: »
    I am considering using an online new car dealer. They buy their cars "trade" from dealers around the UK. If I pay the deposit of £500 by credit card and the rest by bank transfer will I be covered by section75 given they buy from other dealers?

    The total cost of the car would have to be under £30,000 and you would have to pay the company selling you the car directly with the credit card.

    If you buy via an intermediary website then you may find the flow of monies is broken and thus so is the protection.
  • Jean55
    Jean55 Posts: 6 Forumite
    My understanding is the company buy from dealerships then sell on -does that make a difference?
  • MPH80
    MPH80 Posts: 973 Forumite
    Part of the Furniture Combo Breaker
    You need to have a contract with the company that says 'we will supply you with a car for £x'.

    If the contract says 'we will help you buy a car from a dealer for £x and will pass the money on to them' - then the chain is broken.

    I'm paraphrasing the contract of course - but that's the principle.

    M.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture