Covered by s75?

rainbow1066

Apologies from a newbie if I should be starting a new thread, but does section 75 cover the following :
A credit card is used to pay an £8k deposit for a vehicle costing over £30k with an agreement that the vehicle is built to order and arrives in 3 months time.
The supplier goes bust in the interim and the 6k deposit can't be reclaimed directly from the vendor therefore.
The "purchase" is for over £100 and under £30,000 as the loss would only be the £6k deposit.
However, the deposit relates to the eventual purchase of a vehicle at £40k.

Would the claim be within the parameters of over £100 but under £30,000 or would the total purchase price of £40,000 render such a claim as hopeless ??

YorkshireBoy

rainbow1066 wrote: »

would the total purchase price of £40,000 render such a claim as hopeless ??

Yes........


EDIT: or possibly no, depending on the answer to eskbanker's question below.

eskbanker

rainbow1066 wrote: »

Would the claim be within the parameters of over £100 but under £30,000 or would the total purchase price of £40,000 render such a claim as hopeless ??

Bit of a long shot but any financing involved? See http://www.moneysavingexpert.com/shopping/section75-protect-your-purchases#over30k

rainbow1066

Thanks Eskbanker, good point, but no financing involved in this scenario.