Using finance (PCP & HP) repayments to get problems fixed?
Using finance (PCP & HP) repayments to get problems fixed?
Author
Discussion

carinaman

Original Poster:

25,277 posts

202 months

Thursday 5th March 2020
quotequote all
Would withholding finance repayments be one way of getting a dealer and manufacturer to meet their obligations with regard to the manufacturers warranty and fixing problems that the brand and model are known for?

Would the buyer have greater leverage and consumer protection for the duration of the manufacturers warranty if they paid for the motorcycle by Credit Card(s)?

horsemeatscandal

2,280 posts

134 months

Thursday 5th March 2020
quotequote all
No and no.

lukeyman

1,101 posts

165 months

Thursday 5th March 2020
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The finance company is obliged to investigate any complaints on your behalf though. I got compensation from Black Horse for two occurrences of the same fault that annoyed me with a bike. They agreed it was inconvenient and spoilt the ownership experience.

carinaman

Original Poster:

25,277 posts

202 months

Thursday 5th March 2020
quotequote all
Thanks lukeyman. Treating yourself to a brand new toy on the partial justification that you'll avoid potential problems with buying used falls flat if the new toy has ongoing problems that spoil the ownership experience.

Birky_41

4,650 posts

214 months

Friday 6th March 2020
quotequote all
No and no. Definitely don't do that.

You have rights though as the finance is attached to the bike, not a personal loan

How long have you had the bike and finance. Is this the first fault? Has the same fault been rectified before? What time frames?

carinaman

Original Poster:

25,277 posts

202 months

Saturday 7th March 2020
quotequote all
Thanks horsemeatscandal and Birky.

More a case of once bitten, twice shy. And wary of being a mug punter again.

To get rid of a bike bought new outright without finance that's had two expensive, complicated parts replaced under warranty that then do the same again I am considering trading it in with the same dealer for a more expensive bike from the same manufacturer. One of the ongoing expensive issues with my existing bike can also be an issue on the new, supposedly better one.

The additional money for finance is negligible so I was wondering if finance could be used a potential lever to get the dealer and manufacturer to get their crap together should the new bike be the same with regard to defects, attempts to fix it and parts availability.





NS400R

507 posts

189 months

Saturday 7th March 2020
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I'm struggling with this one. You know the dealer and manufacturer are unhelpful and the producy they sell has expensive defects, yet you are contemplating buying another! Would you not be better off looking at a reliable and reputable brand?