Paying over £30k with a debit card

YorkshireBoy

aj23 wrote: »

Yeah? That wasn't my point. You don't have to make the full balance in one transaction in order to be covered by Section 75.

Let me see if I can make it a little clearer for you...

Section 75 protection has a unit price cap of £30K. OP is buying a £35K car. Whether OP pays £1 or £35K or many transactions totalling £35K is irrelevant.

aj23_2

derrick wrote: »

S75 only covers items between £100-30000, so £35000 is outside the line no matter what you put on a CC.

.

You're not getting what I'm saying. I'm saying to make use of the protection of S75, you only have to put at minimum of £100 as a part payment in order to be eligible for protection as a safeguard in case there are any mishaps.

I know the limit is 30k for Section 75. That wasn't the point I was making.

aj23_2

YorkshireBoy wrote: »

Let me see if I can make it a little clearer for you...

Section 75 protection has a unit price cap of £30K. OP is buying a £35K car. Whether OP pays £1 or £35K or many transactions totalling £35K is irrelevant.

You're not getting what I'm saying. I'm saying to make use of the protection of S75, you only have to put at minimum of £100 as a part payment in order to be eligible for protection as a safeguard in case there are any mishaps. Like if you book a holiday for £1000. Pay £100 on a credit card, and you're covered by Section 75 if the provider goes bust, regardless of how you paid the remaining £900 (Debit card, cash, etc).

I know the limit is 30k for Section 75. That wasn't the point I was making.

That's why I said put for example some on a credit card to make the balance below 30k. 5k on a debit card and then 30k on a credit card means that the 30k is covered, no? A transaction for 30k.

Voyager2002

aj23 wrote: »

You're not getting what I'm saying. I'm saying to make use of the protection of S75, you only have to put at minimum of £100 as a part payment in order to be eligible for protection as a safeguard in case there are any mishaps.

I know the limit is 30k for Section 75. That wasn't the point I was making.

See post #22.


To recap: if the purchase price is more than thirty grand, there IS NO S75 protection.

takman

aj23 wrote: »

You're not getting what I'm saying. I'm saying to make use of the protection of S75, you only have to put at minimum of £100 as a part payment in order to be eligible for protection as a safeguard in case there are any mishaps.

That's wrong because you can pay any amount on a credit card (even 1p) and you will be covered for any purchase of an item that costs between £100 and £30,000

aj23 wrote: »

I know the limit is 30k for Section 75. That wasn't the point I was making.

So if you know the limit for Section 75 then why are you telling them to put £100 on a credit card when making a £35,000 purchase?.
You obviously didn't know that the OP wouldn't be covered at all for this purchase under Seciton 75 because its over £30,000

aj23 wrote: »

If you clearly have cleared funds for pay by debit card 35k, even putting £100 on a credit card makes the card company and the seller liable if anything goes wrong. Or put as much as you can on credit cards, and then pay it off next month.

YorkshireBoy

aj23 wrote: »

That's why I said put for example some on a credit card to make the balance below 30k. 5k on a debit card and then 30k on a credit card means that the 30k is covered, no? A transaction for 30k.

It doesn't work like that. The purchase price of the car is £35K.

18cc

Yes as others have said above the limit of 30K so anything above this will not be covered no matter how you structure the payments

The only thing you can do is pay 30K for the car and 5K for something else not sure how creative you can get but for example 5K to clean it prior to collection!

ProseccoGirl

I once paid nearly £10k on Debit card for a car, but I was there in person on the day. I had pre-warned the bank that it was a planned purchase, so I don't know if that helped or not. It all went through smoothly anyhow. We had already put £100 down on CC as deposit too.

Ben8282

I would not pat £35K for a used car without seeing it first.
What exactly is a transport company in this context? Do you mean you are paying a company to send a driver to pick up the car for you or ?

Paul_DNAP

Since the cash price is over £30k then section 75 does not apply at all, regardless of how you pay for it.
This section only applies to goods where the cash value is between £100 and £30,000 - it is worded as " a cash price not exceeding " - that is if yo buy anything under £100 and over £30k, you're not covered by this section of the consumer credit act.
It is certainly not worded in law as a liability ceiling on all purchases, whatever the value, as some are assuming it is.