We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Part exchange and finance
Options

MLodge3315
Posts: 1 Newbie
in Motoring
Recently my son part exchanged his car and took out finance for new car. Dealership did not inspect or test drive, simply got value off internet. My son signed contract and picked up car, but dealer are now asking for car back as finance has been withdrawn, as car was a previous write off. Surely it was down to dealer to do appropriate checks?
0
Comments
-
MLodge3315 said:Recently my son part exchanged his car and took out finance for new car. Dealership did not inspect or test drive, simply got value off internet. My son signed contract and picked up car, but dealer are now asking for car back as finance has been withdrawn, as car was a previous write off. Surely it was down to dealer to do appropriate checks?
What do you mean by "the finance has been withdrawn"? That would not be linked to the old car, so do you mean your son has driven away in the new car for old car as deposit plus monthly finance? Then the finance did not pay to the dealer plus the old car is worth less than valued because of the previous write off? One way or the other your son needs to pay for the new car, so if the finance has been withdrawn, there is no money paid to the Dealer.
This needs better explanation please as the two separate matters seem confusingly mixed.1
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards