We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Price increase after paying deposit

garrywallace
garrywallace Posts: 2 Newbie
First Anniversary First Post
in Consumer rights
After putting down a 10% deposit on a new caravan 12 months ago the manufacturers have increased the price by 20%.
Can they do this?
I think they should honour the original price. 

Comments

  • DullGreyGuy
    DullGreyGuy Posts: 18,613 Forumite
    10,000 Posts Second Anniversary Name Dropper
    What does your contract state? 

    Contracts dont always start instantly, most online shops for example state the contract is only formed when the goods are dispatched which enables them to deal with errors on their websites etc. Contracts can deal with cost changes but would normally come with a balancing clause saying you can cancel for free if costs increase by more than X%
  • born_again
    born_again Posts: 23,327 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    garrywallace said:
    After putting down a 10% deposit on a new caravan 12 months ago the manufacturers have increased the price by 20%.
    Can they do this?
    I think they should honour the original price. 

    Do you mean they have told you that you will have to pay 20% more? Or just that the price has gone up 20%
    Life in the slow lane
  • garrywallace
    garrywallace Posts: 2 Newbie
    First Anniversary First Post
    The price has increased by 20% and if I don't pay the increase then they refund my deposit and the have no caravan 😁😁
  • user1977
    user1977 Posts: 19,312 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    garrywallace said:
    The price has increased by 20% and if I don't pay the increase then they refund my deposit and the have no caravan 😁😁
    If that's what your contract says, then it's what you agreed to.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.8K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 246.9K Work, Benefits & Business
  • 603.4K Mortgages, Homes & Bills
  • 178.2K Life & Family
  • 261K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture