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![rudmanfamily](themes/aaAle/images/interface/profile-pic-placeholder.47cf740a.png)
Morning, we are looking at buying a new family car. If we buy a car on a trademe auction from a RMVT does that still mean we're covered by the CGA? I know buying from Turners isn't covered so is it the same for any auction.
We have another couple who is interested in buying our Corolla. They are sorting out a loan through a finance company. How do we do a transaction for the sale- we've only done cash and a bank cheques before?
![ABayliss](themes/aaAle/images/interface/profile-pic-placeholder.47cf740a.png)
Under current legislation (which is under review) buying through any auction process means that the CGA does not apply (including TradeMe). However, most dealers sell on TradeMe with a listed price (ie; not an auction) so under those circumstances, the CGA applies.
Regarding the sale of your Corolla, the finance company payment will usually be in the form of a cheque from the finance company or a direct deposit into your account. Therefore, the deal between you and the buyer will proceed in much the same way it would if the buyer was funding the purchase themselves.
![nigelcollings](themes/aaAle/images/interface/profile-pic-placeholder.47cf740a.png)
Wow I didn't know that it wasn't covered by the CGA, does this apply with the fair trading act also?
I purchased a vehicle 2 days ago sold by a RMVT from a $1 reserve on trademe. After getting it home I discovered that it had a towel stuffed in beside the power steering pump to slow the fluid leaking out. In the trademe add it did say "Only fault I've found is a oil leak coming from around the power-sheering pump unsure if its a hose or seal or cost of fixing sorry" (but someone obviously did to put the towel there), since I purchased it at auction does that mean that there is no comebacks ?
![ABayliss](themes/aaAle/images/interface/profile-pic-placeholder.47cf740a.png)
CGA does not apply, but Fair trading Act, Sale of Goods Act etc do. However, if the dealer said there was a power steering leak, then you really have no comeback.as it was disclosed.