Liability for Defective Goods purchased on a credit agreement Explained
Items bought on hire purchase or a credit agreement are classed as a Bailment of Goods. The finance company owns the goods until the final installment on the agreement is paid. Until this time there is no transfer of property for the purchaser to rely on.Get Legal Advice
“… I recently bought a car on finance from my local dealer…the car was still under warranty…it broke down after 2 months on the road with a serious engine management problem…I returned it to the dealer but they said their [own] warranty did not cover this type of fault…I contacted the maker but they referred me to the finance company who I bought the car through…they in turn referred me back to the dealer…I feel I am going in circles…who is liable…”
You have chosen Liability for Defective Goods purchased on a credit agreement, which is summarised to the left.
Read through the sample questions included. If your legal problem sounds similar click the button labelled - 'Get Legal Advice'
You will then be invited to complete a simple form and submit payment, using a credit or debit card.
Once we have received your question, you will receive an email with further information.
This advice service is intended for reference only and should not be used in lieu of full legal counsel.
See Terms and Conditions for full details.