Buying a static caravan....need for insurance

Therese1

My friend is looking to buy a brand new static caravan on her retirement. She has started going to sites to understand more and to get ideas well ahead of the purchase.

Her question is.., apparently you must pay for the caravan in full in advance and it will be delivered and installed on site in about 3 or 4 months.

However, what happens if something goes wrong in that period before delivery, e.g. The company goes bust and no caravan is delivered. Is there any insurance available for this rather than ending up in the queue and bunfight with Administrators for refunds etc.?

I'd be very wary of paying full upfront but she is convinced this is the only option any of them are giving. Obviously credit card not a full option...this'll probably only be good for the deposit.

T

McKneff

You can pay as little as £1 on a credit card and the whole amount is protected. By section 75. Job done

KeithP

McKneff wrote: »

You can pay as little as £1 on a credit card and the whole amount is protected. By section 75. Job done

...up to a limit of £30,000.

No idea on the price of the OP's friend's prospective purchase, but that limit needs noting.

Edited to clarify:
The whole purchase price must be a maximum of £30,000.

So if the purchase price is £30,001, then Section 75 of The Consumer Credit Act offers no protection.

Read more about S75 protection here:

www.moneysavingexpert.com/shopping/section75-protect-your-purchases