we just financed a new car last week, and were told it had 70 thousand miles on clock, when we actually got the car, and it had been moted etc, it shows it's actually done 91.5 thousand miles. the finance says 70k on it, is it valid, or can we get it changed? it shows that we can't have done 20k in it, we only got the car on saturday.
2006-12-03 20:08:31 · 9 answers · asked by paradisefound1980 3 in Business & Finance ➔ Credit
The Office of Fair Trading would very much like to hear from you.
However, before you take that route, confront the seller and ask for a refund. Since you entered into an agreement based on false information you have a fireproof case against the seller and the finance Co. - assuming that they are different concerns.
I'm sure that, if revealed, the damage to their reputation, and likely legal action against them, would certainly be something that they would wish to avoid. - Don't take any nonsense.
2006-12-04 11:47:09 · answer #1 · answered by Davy Crockett 3 · 0⤊ 0⤋
The vendor is guilty of misrepresentation and has committed an offenc eunder the Trades Descriptions Act. You can legally return the car and repudiate the finance agreement as the contract to buy the car was not valid - you can start with a report to the Police. Get the police case refernce number and then hit the vendor with it. At the same time inform the finance company of the fraud and tell them the contract is void.
2006-12-04 08:09:14 · answer #2 · answered by halifaxed 5 · 0⤊ 0⤋
You should be able to prove that the car had actually done 91.5 thousand miles as against 70,000 you were told when the transaction was concluded. Please get an expert to prove the exact miles the car did when you financed it, the miles it did when you took it and the time you discovered the deceit. This is a case of concealment which should vitiate the agreement. Good luck.
2006-12-04 04:28:25 · answer #3 · answered by gabriel j 2 · 0⤊ 0⤋
When You take out any finance or loan, you have a 14 day cooling off period, this means you have the right to cancel the agreement.
This cooling off period is in law so they have to do it
So if the dealer won't exchange the car or reduce the amount of finance, simply cancel the finance and go somewhere else
2006-12-04 04:29:05 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Report this mileage disparity to your local government trading standards office and seek their advice. They will prosecute the dealer if he clocked the car and you can prove misrepresentation. Buyer beware!!
The finance is a loan to you not the car so it will be valid unless you can prove fraud
2006-12-04 04:16:37 · answer #5 · answered by Anonymous · 0⤊ 0⤋
i would certainly query it, and i would have thought that the mileage would affect the value of the car aswell, check autotrader online and try to find a car similar to yours with that mileage (it's how an insurance co would find the value of your car).
good luck but if i were you i'd be fuming!
2006-12-04 04:14:19 · answer #6 · answered by Kirsty 3 · 0⤊ 0⤋
Approach the dealer inform them of your clock enquiry ask them what action they are willing to take but tell them if it is not satisfactory you'll report them.
2006-12-04 04:19:09 · answer #7 · answered by Powerpuffgeezer 5 · 0⤊ 0⤋
I think that they are trying to screw you. Here is a site that gives you the agencies you can contact if they won't fix the problem...
http://www.epfl.net/slrc/bst/buy_car.html#Protection
2006-12-04 04:32:18 · answer #8 · answered by Twisted Maggie 6 · 0⤊ 0⤋
I think since they stated the mileage on the contract, that constitues FRAUD!
2006-12-04 16:26:43 · answer #9 · answered by LovePinkPuffies 3 · 0⤊ 0⤋