Carcraft gone bust

[Raggs]

just heard on radio been put into administration , cant say I'm surprised there prices where ridiculously expensive. bad for the workers 500 jobs to go.

A spokesman warned customers with Carcraft policies, including break-down cover, would no longer be covered. not good

http://www.bbc.co.uk/news/uk-england-manchester-32538820

 

[TheVoice]

Shame, where will people buy their hilariously overpriced Clios from now?

 

[King85]

A travesty!

 

[Scania]

A travesty!

That they lasted this long! - Good riddance!

 

[DAIR]

What a shame. I got my first Clio from them people.

£100 deposit and I was off. Great bunch.

 

[snips86x]

A travesty!

That they lasted this long! - Good riddance!

haha

+1

 

[muon]

Is the warranty, roadside etc. separate to the finance agreement?

Couldn't you stop paying if they are and argue you aren't receiving the service promised.

 

[DAIR]

Is the warranty, roadside etc. separate to the finance agreement?

Couldn't you stop paying if they are and argue you aren't receiving the service promised.

Lol thats a thought.

If you've recently purchased a car from them. Will the outstanding balance be written off?

 

[paradigm]

Weren't they originally behind webuyanycar.com?

 

[[TW]Fox]

No, because Carcraft isn't the lender.

 

[muon]

Lol thats a thought.

If you've recently purchased a car from them. Will the outstanding balance be written off?

There's no way they'd just write it off. You'd have a fight on your hands.

It may be worth trying though as they may not have the staff to chase you up, and you may have an argument if the Drive Happy Plans aren't being honoured anymore.

This is of course if the finance agreement is directly with Carcraft and not with a financing company.

 

[Raggs]

looks like the staff where detained illegally according to local wrag here.

http://www.thestar.co.uk/news/busin...ny-goes-under-with-loss-of-550-jobs-1-7237910

A Rochdale recruitment consultant said staff were told in a meeting at 10.30am but were not immediately allowed to leave the site after gates were shut, allegedly to prevent stock from being driven away. lol

 

[muon]

No, because Carcraft isn't the lender.

Quote from the article above.

"Carcraft’s finance arm All In One Finance Limited will enter administration in the next few days."

Of course I don't know if that company actually financed everything or if it was simply a broker.

 

[[TW]Fox]

Quote from the article above.

"Carcraft’s finance arm All In One Finance Limited will enter administration in the next few days."

Of course I don't know if that company actually financed everything or if it was simply a broker.

It was simply a broker. It is not the lender.

 

[DAIR]

It was simply a broker. It is not the lender.

In that case. The payments must continue.

 

[Liquidfox]

A lad posted on a local FB group recently saying he'd signed up to a CarCraft agreement for 4 years on a £6,000 Fiesta. Total owed? £12.5K

 

[DAIR]

Jaaaaysus

 

[MooMoo444]

Maybe some cheap cars to buy as the assets are liquidated perhaps?

 

[SDK^]

A lad posted on a local FB group recently saying he'd signed up to a CarCraft agreement for 4 years on a £6,000 Fiesta. Total owed? £12.5K

But the MPG and road tax are big savings

 

[muon]

A lad posted on a local FB group recently saying he'd signed up to a CarCraft agreement for 4 years on a £6,000 Fiesta. Total owed? £12.5K

Was £6k the listed price?

A 4 year loan of £6k with no deposit, where you pay £260 a month is roughly a 51% APR.