New Car Purchase On Finance - Dealer Went Bust
Discussion
Guys,
Bit of help please.
A work colleague agreed to buy a new Seat Ibiza from a dealer here in Scotland, his old car was going to be the deposit and no cash deposit was paid.
The dealer stalled on the delivery dates and then a few days before my colleague was due to collect on the revised date he found out the dealer had gone bust.
The car was on a finance deal with Barclays which appeared to be a straight forward personal loan against the car and not a proper PCP with final payment as my colleague had asked for.
Barclays are adamant they will supply 'a car' and he is legally obliged to take it.
It appears that they had paid the dealer for the car so Barclays 'lost' the money and hadn't got the specific car to supply to my colleague.
He has rung Barclays several times and said that a) he was not given the finance agreement he thought it was, i.e dealer put through as a normal loan and not PCP and that b) he has had enough and wants to walk away as they have not been able to supply the car that he purchased nor another within a reasonable timescale.
Barclays are having none of it and will not let him cancel the whole thing.
What are his rights and what should he do now, bearing in mind this falls under Scottish law which I guess may differ than our English laws?
Any advice from anyone who's been in a similar position or just general advice please?
Stef
Bit of help please.
A work colleague agreed to buy a new Seat Ibiza from a dealer here in Scotland, his old car was going to be the deposit and no cash deposit was paid.
The dealer stalled on the delivery dates and then a few days before my colleague was due to collect on the revised date he found out the dealer had gone bust.
The car was on a finance deal with Barclays which appeared to be a straight forward personal loan against the car and not a proper PCP with final payment as my colleague had asked for.
Barclays are adamant they will supply 'a car' and he is legally obliged to take it.
It appears that they had paid the dealer for the car so Barclays 'lost' the money and hadn't got the specific car to supply to my colleague.
He has rung Barclays several times and said that a) he was not given the finance agreement he thought it was, i.e dealer put through as a normal loan and not PCP and that b) he has had enough and wants to walk away as they have not been able to supply the car that he purchased nor another within a reasonable timescale.
Barclays are having none of it and will not let him cancel the whole thing.
What are his rights and what should he do now, bearing in mind this falls under Scottish law which I guess may differ than our English laws?
Any advice from anyone who's been in a similar position or just general advice please?
Stef
Yeah, think he signed the agreement a while ago so he's technically outside of any cooling period.
http://www.bbc.co.uk/news/uk-scotland-scotland-bus...
Stef
http://www.bbc.co.uk/news/uk-scotland-scotland-bus...
Stef
Edited by StefanVXR8 on Thursday 19th December 12:40
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