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

edited 8 September 2015 at 2:00PM in Consumer Rights
10 replies 2.3K views
Former_MSE_PalomaFormer_MSE_Paloma Former MSE
531 Posts
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...
Read the full story:

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

OfficialStamp.gif


Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.

Replies

  • bod1467bod1467
    15.2K Posts
    ✭✭✭✭✭
    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.
  • wealdroamwealdroam Forumite
    19.2K Posts
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    ✭✭✭✭✭
    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.
  • minislimminislim Forumite
    355 Posts
    Part of the Furniture 100 Posts Combo Breaker
    ✭✭
    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.
  • bod1467bod1467
    15.2K Posts
    ✭✭✭✭✭
    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. :)
  • chanz4chanz4 Forumite
    10.4K Posts
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    ✭✭✭✭✭
    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.
  • chanz4chanz4 Forumite
    10.4K Posts
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    ✭✭✭✭✭
    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.
  • Finance was paid off in full in February so section 75 was the only option.
  • edited 18 August 2015 at 11:16PM
    Scott76Scott76 Forumite
    6 Posts
    edited 18 August 2015 at 11:16PM
    I got back just under £26,700
  • 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.
  • Kernow666Kernow666 Forumite
    3.5K Posts
    Seventh Anniversary 1,000 Posts Combo Breaker I've been Money Tipped!
    ✭✭✭✭
    25k for a secondhand Astra what were you thinking
    "If I know I'm going crazy, I must not be insane"
This discussion has been closed.
Latest MSE News and Guides

Stoozing, sublets & summer sips

This week's MSE Forum highlights

MSE News

Martin Lewis quizzes Rishi Sunak

Watch the cost of living support Q&A here

Join the MSE Forum discussion

48 craft beers for £50 delivered

One-off bundle for newbies. Excludes Northern Ireland

MSE Deals