Wondering

[weecalf]

If you borrow money to buy a car from a finance company and after a year the car gives nothing but bother and it will cost a fortune to fix.Have you any recourse to the finance company for help with the repair bill as after all it is their car until the loan is paid back.

[j0nb0y]

..... erm...... no. If you get a loan for a new kitchen and your tap leaks, will the bank be liable to send someone round to fix it??????

[ummmm]

No, they only lent you money.

[pink-kittens]

Not strictly true, and I think I know what you;re getting at OP, but ....

Who is responsible when goods are faulty?
This depends on the type of credit agreement. The heading on the top of your agreement will tell you what type of agreement you have.

Taken form here: http://www.tradingstandards.gov.uk/cgi-bin/glos/con1item.cgi?file=*ADV0011-1011.txt

[Tina823]

Of course not.

[heathfield]

There's been talk of this in the media lately, telling buyers to watch out when buying a car. If you buy by means of an HP agreement you have fairly generous consumer rights. But, these same rights aren't available if the purchase is made in the form of a loan from a finance company.