Any dealer who accepts payment by credit card should be aware of Section 75 of the Consumer Credit Act 1974.
In a nutshell if a customer pays something between £100 to £30,000 on credit, then the credit provider is equally liable should something go wrong i.e. the car is defective.
The customer has the option of seeking a full refund of the purchase price from either the dealer or the credit provider in the event of a breach of contract, which entitles the customer to reject the car.
So even if the customer pays a deposit of just £100 on a credit card against a £15,000 car, then he will be able to seek a refund of the whole purchase price from the credit provider if the dealer fails or refuses to provide a refund against a legitimate claim.
Here’s the rub – the card provider will then recoup its outlay from the dealer plus expenses!
Impression works with businesses across the automotive aftermarket supply chain such as parts suppliers, warehouse distributors, motor factors and independent garages. Covering all aspects of automotive aftermarket marketing, including social media, event management, customer newsletters and PR, Impression is able to quickly establish itself within a client’s business and work towards their objectives.
