Dealer thrown in extras and my rights
Discussion
Hi, recently bought a new car and as part of the deal the dealer threw in Alloy Cover, Gap Insurance and Minor Scrape cover. I didn't particularly want any of these but I was happy to take them for free once I got the price where I wanted it. As these are all insurance products do I have the right to cancel and receive the pro-rata cost of these products. The value of these insurance policies is noted on my invoice (but then nil rated) for the car at £599, £499 and £599 so £1,700 potentially back to myself. Am I correct and is there anything stopping me from doing this?
06andiano said:
Hi, recently bought a new car and as part of the deal the dealer threw in Alloy Cover, Gap Insurance and Minor Scrape cover. I didn't particularly want any of these but I was happy to take them for free once I got the price where I wanted it. As these are all insurance products do I have the right to cancel and receive the pro-rata cost of these products. The value of these insurance policies is noted on my invoice (but then nil rated) for the car at £599, £499 and £599 so £1,700 potentially back to myself. Am I correct and is there anything stopping me from doing this?
Decency ? Failing that I’m sure if cancelled the monies would be returned to the one that paid for the items
06andiano said:
Hi, recently bought a new car and as part of the deal the dealer threw in Alloy Cover, Gap Insurance and Minor Scrape cover. I didn't particularly want any of these but I was happy to take them for free once I got the price where I wanted it. As these are all insurance products do I have the right to cancel and receive the pro-rata cost of these products. The value of these insurance policies is noted on my invoice (but then nil rated) for the car at £599, £499 and £599 so £1,700 potentially back to myself. Am I correct and is there anything stopping me from doing this?
Top tightwad thinking.I had a pal who got a free trip on Concorde with a supersonic element. Due to technical difficulties it didn't make supersonic. He made a fuss & got the ticket price refunded to himself!
As said, I'd think the refund would go to who paid for it. A nice gesture on your part & I'm guessing the dealer will be happy!
I'm sure you probably realise that the cost to them will be different to the cost to you as shown on the invoice so even if this was a potential option the values would be far different anyway. Also never heard of anyone trying to get the cash value of something like this but can't see if being even remotely possible.
Money laundering regulations preclude the payment of refund monies to a third party, which the OP is in this case as he did not pay for the insurance policies. If the OP did manage to cancel, the monies would go back to the car dealer and they would have no reason whatsoever to forward the monies to the OP.
Have heard of people cancelling these kinds of add-ons within cooling off period and getting more money off the car as a result - sales person might be receiving a higher bonus for these products vs the base car, so it's a no-brainer for them to discount the car and sell the product at full price - but of course then you should be able to cancel the add-on and get back the invoiced value.
kalniel said:
Have heard of people cancelling these kinds of add-ons within cooling off period and getting more money off the car as a result - sales person might be receiving a higher bonus for these products vs the base car, so it's a no-brainer for them to discount the car and sell the product at full price - but of course then you should be able to cancel the add-on and get back the invoiced value.
Aha! The invoiced value of £0.00. I don't think that's what the OP had in mind Forums | General Gassing | Top of Page | What's New | My Stuff