MrPea
Member
- Messages
- 3,015
Hi folks,
I'm going to get myself a runabout for the summer over the weekend and the cars of interest are all at dealers. I can buy outright but I've read with interest some of the comments on this forum about "always buy a car with at least some finance" so that you can have recourse to the finance company if things go wrong with the dealer in a consumer rights situation.
My simple question is... If I ensure I pay a deposit with my credit card, does that give me the same consumer rights with recourse back to the CC company as if I arranged a finance agreement for the minimum possible loan they'd give me?
For context, I had hoped to be able to run my Saab until Autumn when some personal circumstances will put me in a strong position to get a decent daily driver to last me the next 5 or so years. As the Saab is proving too unreliable my hand has been forced to get a stand-in car for the next few months. I'm still intending to get something nicer come the Autumn.
Thanks for your help,
Stevie
I'm going to get myself a runabout for the summer over the weekend and the cars of interest are all at dealers. I can buy outright but I've read with interest some of the comments on this forum about "always buy a car with at least some finance" so that you can have recourse to the finance company if things go wrong with the dealer in a consumer rights situation.
My simple question is... If I ensure I pay a deposit with my credit card, does that give me the same consumer rights with recourse back to the CC company as if I arranged a finance agreement for the minimum possible loan they'd give me?
For context, I had hoped to be able to run my Saab until Autumn when some personal circumstances will put me in a strong position to get a decent daily driver to last me the next 5 or so years. As the Saab is proving too unreliable my hand has been forced to get a stand-in car for the next few months. I'm still intending to get something nicer come the Autumn.
Thanks for your help,
Stevie