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Car Finance

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Im self employed and haven’t been able to work during the lockdown. Prior to the crisis I ordered a new car but I’m now not in a position to complete the deal. Can I cancel and will I get my £2,500 deposit back?

Comments

  • JJ_Egan
    JJ_Egan Posts: 20,281 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    When are you due delivery ??
  • Two weeks time. 
  • JJ_Egan
    JJ_Egan Posts: 20,281 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Have you contacted  the dealer ?
  • born_again
    born_again Posts: 20,475 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    suegib76 said:
    Im self employed and haven’t been able to work during the lockdown. Prior to the crisis I ordered a new car but I’m now not in a position to complete the deal. Can I cancel and will I get my £2,500 deposit back?
    Well that is very hard to say. 
    Have you tried to contact the companies involved and asked them?
    Life in the slow lane
  • Mickey666
    Mickey666 Posts: 2,834 Forumite
    1,000 Posts Photogenic First Anniversary Name Dropper
    What does your contract paperwork state regarding cancellation?
  • I haven’t contacted them yet just thought I’d get some advice before I did. 
  • Kattekwaad
    Kattekwaad Posts: 303 Forumite
    100 Posts Name Dropper
    OP do a little digging and find out what the lead time was at the time (you should know that) and what the lead time is now.  When did you order?  

    What you are trying to discover is if the car has been made and if it is in the country, if the answer is yes to both of those I suspect they will fight back quite hard.
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