Faulty car bought on finance

I’ll never forget the day I bought my car. It was a beautiful day and I was so excited to finally have my own set of wheels. Little did I know, that car would turn out to be a lemon. Turns out, the car had been faulty from the start and the finance company refused to do anything about it. This was definitely not what I expected when I signed up for my car loan. If you’re thinking of buying a car on finance, make sure you do your research first! There are plenty of horror stories out there about faulty cars that have been bought on finance.

What to do if you buy a faulty car on finance?

This is a question many people will ask themselves when they find out their recently purchased car has significant faults. A faulty car bought on finance can be a financial nightmare and cause serious disruption to your life. Knowing what to do next can make the process much easier and less stressful.

The most important thing is to understand that you have rights as a consumer. Under the Consumer Rights Act 2015, if you buy faulty goods (including cars) then you are entitled to have them repaired or replaced at no cost. Additionally, any consequential losses such as repairs for related damage may also be able to be claimed back from the seller of the faulty item.

Before seeking legal help, it’s advisable to contact the seller directly in writing and explain the problem. Make sure to document all the details of your purchase, including the date of purchase and any other relevant details.

How to get your money back from the dealer?

When you buy a faulty car on finance, it can be devastating. You might have put down a hefty deposit and expected to drive away with your dream car only to find out that it’s a lemon. Unfortunately, getting your money back from the dealer is not always an easy process.

The first step is to contact the finance company and provide proof of purchase. You should also take photos or videos of the faulty vehicle and any evidence that shows why it can no longer be used. Make sure you keep copies of all correspondence between you and the dealer regarding the faulty car, as this will help when making a claim for compensation.

What to do if the problem with the car is too big for the dealer to fix?

If it turns out that the faulty car you bought on finance has an underlying problem that is too expensive or complicated for the dealer to fix, then you may have to take legal action. This could involve taking your case to court and seeking financial compensation from the seller – possibly sufficient to cover the cost of a replacement vehicle.

It’s important to note that this process can be lengthy and costly, so it’s best to consult a lawyer who specializes in consumer rights before proceeding. Your lawyer can help guide you through the process, explain what evidence is needed, advise on how much you should seek in damages, and represent you if the matter goes to court.