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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 70212
Experience:  Over 5 years in practice
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I have been told by a car dealer that they are not allowed

Customer Question

I have been told by a car dealer that they are not allowed to sell cars by setting up
a Personal Loan rather than a car finance agreement. Is that correct ?
Submitted: 2 years ago.
Category: Law
Expert:  Jo C. replied 2 years ago.
Hi.
Thank you for your question. My name is ***** ***** I will try to help with this.
No, they can do as they wish.
They may have a policy of doing that and that is fine and a matter for them.
They would not themselves by allowed to loan money without FSA certification but they can legally accept money from any legitimate source.
However, they can refuse if they choose to do so. Nobody can be forced the contract with anybody.
Can I clarify anything for you?
Jo
Jo C. and 2 other Law Specialists are ready to help you
Customer: replied 2 years ago.

My husband bought a car from Rix Motors two years back and it was

found to be faulty. Unfortunately they set up a Personal Loan agreement

with Barclays which has been settled and another car purchased.

But because of all the hassle regarding the car he is now paying an

agreement which he used to settle the car to get rid of it, but a car

dealership has told him that they were not allowed to sell him the car

using a Personal Loan, hence the question that was raised.

Unfortunately my husband is dyslexic and it is easier for him to

communicate with people over the phone.

When he mentioned it to me I did wonder if what the dealership

was saying was correct.

Expert:  Jo C. replied 2 years ago.
I'm really sorry but I suspect they will charge it and send it to court. There is a chance they will not notice the aggravation and so give you points.