Article 15 Cases where a person is not to be regarded as one who deals in new carsF1I1
United Kingdom
Where a person supplies a new car to another person (in this Article, referred to as “the customer”) under a hire purchase agreement, conditional sale agreement or credit sale agreement and
he carries on the business of financing the acquisition of cars by others by means of such agreements, and
in the course of that business acquired the car supplied to the customer only as a means of financing its acquisition by the customer from a third person,
he shall not be regarded as a person who deals in new cars.
Where a person supplies a new car to a customer under a hire agreement, and
he carries on the business of financing the use of cars by others by means of hire agreements, and
in the course of that business, acquired the car only for the purpose of financing its provision to the customer by a third person,
he shall not be regarded as a person who deals in new cars.
In this Article—
“hire purchase agreement”, “conditional sale agreement” and “credit sale agreement” have the same meaning as in section 189(1) of the Consumer Credit Act 1974, and
“hire agreement” means an agreement other than a hire-purchase or conditional sale agreement under which a new car is bailed or (in Scotland) hired in return for periodical payments by the person to whom it is bailed or hired.
Annotations
Textual amendments
- F1
Order revoked (E.W.S.) (31.12.2013) by The Control of Fuel and Electricity, Local Government and Transport (Revocations and Savings) Order 2013 (S.I. 2013/2986), art. 1, Sch. 3