Van bought in auction on a credit card

burlington6

Of course it's about price. You took the risk, it's cost you a bit more than expected but you're still probably ahead financially. Not the end of the world, be a man and stand by your decision

andyfr_2

French motor manufacturers aren't noted for longevity with their electrical components.

adh983

Absolutely, I am just on here to see if I had options, evidently I don't. Thanks for the advice

verybigchris

adh983 wrote: »

I am a small business and this is a massive cost for me

If you used a business credit card, there's no S75 protection.

LandyAndy

adh983 wrote: »

Its not about the bottom price, auction you have a big choice, its where the dealers buy from no one can forsee such a fault certinley not on such a low mileage van.

But dealers work on the basis that if you buy 20 and 1 is a lemon then you can absorb the cost and, in any case, usually get a cheaper fix.


This is the risk that the private punter takes. They get the 1 lemon and it is 100% of their outlay not 5%.

adh983

It was bought on a personal credit card not my business one

maninthestreet

So how much did you actually pay for the van, and how does that compare with the price a dealer would have wanted for the same van?

neilmcl

verybigchris wrote: »

If you used a business credit card, there's no S75 protection.

Motor auctions are classed as business sales anyway so the majority of consumer legislation doesn't apply.

The OP might want to read the following advice - https://www.citizensadvice.org.uk/consumer/different-ways-of-buying/buying-at-auction/buying-goods-in-an-auction/

adh983

Paid 2950 + fees so around 3400. I guess a dealer would charge around 5500. I appreciate that i may still be quids in but its still a big unexpected expense

burlington6

Saved over £2000......still not happy. There's no hope for some