Paying cash for a better deal, stoopid or smart?

[Ducklakeview]

Nationwide says otherwise Mike, I"ve looked this before. On the other hand maybe other banks will cover regardless. ???

Section 75 protection applies to all credit card companies for purchases between £100 be £30,000. They cannot get out of it.

http://www.financial-ombudsman.org.uk/publications/ombudsman-news/31/creditcards-31.htm

Mike

So the £100 on the credit card would make it safe not £1

No, as long as the price is over 100, a pound on the credit card is sufficient, the card company is then jointly liable with the supplier for the WHOLE purchase price.

Got £15k cm from capital one 14 years ago when the alternator went on my ML. Dealer refused to fix it, as had changed trading name but I paid the deposit on the credit card. AND I got to keep the car!

Mike

 

[Anonymous]

Section 75 protection applies to all credit card companies for purchases between £100 be £30,000. They cannot get out of it.

http://www.financial-ombudsman.org.uk/publications/ombudsman-news/31/creditcards-31.htm

Mike

So the £100 on the credit card would make it safe not £1

No, as long as the price is over 100, a pound on the credit card is sufficient, the card company is then jointly liable with the supplier for the WHOLE purchase price.

Got £15k cm from capital one 14 years ago when the alternator went on my ML. Dealer refused to fix it, as had changed trading name but I paid the deposit on the credit card. AND I got to keep the car!

Mike

Wish my experience had been as good, but well done

 

[MACK]

The warranty probably isn't worth the paper it's written on. But that equally applies whether you pay cash or not.

 

[hopz121]

I wouldn't bother with the warranty unless it's free tbh.

Only warranty any good is the BMW one but I doubt he will giving you that.

I'd do a HPI check though as it seems cheap for £3k