MSE News: 'I got £10k back for faulty car because I paid on credit card'

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Former_MSE_Paloma
Former_MSE_Paloma Posts: 531 Forumite
I've been Money Tipped! Newshound!
edited 8 September 2015 at 2:00PM in Consumer rights
A long-time MoneySaver was grateful he paid £300 of his £26,000 car on credit card - if not he could have lost the lot...
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'I got £10k back for faulty car because I paid on credit card'

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Comments

  • bod1467
    bod1467 Posts: 15,214 Forumite
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    Why use S75 against the card provider? Why not also (or instead) against the HP finance provider? They had a much greater financial stake in the purchase.
  • wealdroam
    wealdroam Posts: 19,181 Forumite
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    bod1467 wrote: »
    Why use S75 against the card provider? Why not also (or instead) against the HP finance provider?
    Probably because Hire Purchase agreements are not covered by Section 75 of The Consumer Credit Act.
  • minislim
    minislim Posts: 357 Forumite
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    well done Scott! definitely a fine example of "the customer always being right"

    Now i advise. go buy a decent car!
    and steer well clear of Vauxhalls in the future! everyone i know who's had one has had nothing but problems.
  • bod1467
    bod1467 Posts: 15,214 Forumite
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    wealdroam wrote: »
    Probably because Hire Purchase agreements are not covered by Section 75 of The Consumer Credit Act.

    Really? That's something I've learned ... I thought HP was finance, hence credit associated with the purchase, so covered by the Act.

    Every day is a school day. :)
  • chanz4
    chanz4 Posts: 10,906 Forumite
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    Technically he didn't the finance company got the money, when you buy a car on finance its the finance company that buy it for you.
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • chanz4
    chanz4 Posts: 10,906 Forumite
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    A Halifax spokesperson says: "In accordance with Section 75 of the Consumer Credit Act, we were able to agree a payment to Mr Parsley of £25,711.95, less the sale of the vehicle but plus interest.


    So what did he actually get....
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • Scott76
    Scott76 Posts: 6 Forumite
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    Finance was paid off in full in February so section 75 was the only option.
  • Scott76
    Scott76 Posts: 6 Forumite
    edited 18 August 2015 at 11:16PM
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    I got back just under £26,700
  • Scott76
    Scott76 Posts: 6 Forumite
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    chanz4 wrote: »
    Technically he didn't the finance company got the money, when you buy a car on finance its the finance company that buy it

    I owned the car outright as I paid the finance off in full in February.
  • Kernow666
    Kernow666 Posts: 3,480 Forumite
    First Post Combo Breaker First Anniversary I've been Money Tipped!
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    25k for a secondhand Astra what were you thinking
    "If I know I'm going crazy, I must not be insane"
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