Part ex deal agreed with dealer but another offer received
Discussion
Bear with me on this but I have a slight predicament.
Ordered new stock (at factory) car 10 days ago and agreed price on my current car in part ex. My new car has only just arrived at dealership yesterday from the factory but I had the reg doc in my name sent to me in the post last week, the car was registered on 30th November in my name.
I've today been offered another £2k from an independent dealer for my part exchange car which is attractive so I called my finance company to get a settlement figure emailed to the independent garage so we can set up the deal but get told that the finance has been paid off so in effect the garage now owns my car and I own the new car which isn't yet delivered as the new finance deal started as of 2nd December.
I'm meant to pick up the new car Saturday.
Would you call the dealer and tell them they've been a bit presumptuous by tying the deal up a while before the car is even on site and expect them to let me sell the part ex elsewhere or what would you consider to be an ethical conclusion for this issue? £2000.00 is a lot of cash so I'm keen to force my dealers hand and sell it elsewhere.
Ordered new stock (at factory) car 10 days ago and agreed price on my current car in part ex. My new car has only just arrived at dealership yesterday from the factory but I had the reg doc in my name sent to me in the post last week, the car was registered on 30th November in my name.
I've today been offered another £2k from an independent dealer for my part exchange car which is attractive so I called my finance company to get a settlement figure emailed to the independent garage so we can set up the deal but get told that the finance has been paid off so in effect the garage now owns my car and I own the new car which isn't yet delivered as the new finance deal started as of 2nd December.
I'm meant to pick up the new car Saturday.
Would you call the dealer and tell them they've been a bit presumptuous by tying the deal up a while before the car is even on site and expect them to let me sell the part ex elsewhere or what would you consider to be an ethical conclusion for this issue? £2000.00 is a lot of cash so I'm keen to force my dealers hand and sell it elsewhere.
You made the contract and must have signed stuff to enable them to regsiter it to you.
You can't just walk away without breaching the contract.
They might let you pay the part-ex price in cash so you can sell the car elsewhere, but that is about as good as you'll get.Realistically, if you've accepted a lowball px then they will want it to make a profit.
You can't just walk away without breaching the contract.
They might let you pay the part-ex price in cash so you can sell the car elsewhere, but that is about as good as you'll get.Realistically, if you've accepted a lowball px then they will want it to make a profit.
Thats unfortunate, but tough luck. s
t happens. Don't worry too much about it.
Also, you might not want to risk it.. the WBAC approach is to knock money off for silly little things, the sly bds. The dealer is probably going to do that too, and you'll probably only walk away with £100 profit after loads of hassle.
t happens. Don't worry too much about it.Also, you might not want to risk it.. the WBAC approach is to knock money off for silly little things, the sly b
ds. The dealer is probably going to do that too, and you'll probably only walk away with £100 profit after loads of hassle.
LuS1fer said:
They might let you pay the part-ex price in cash so you can sell the car elsewhere,
It's got to be worth asking. I wouldn't say I was selling it to a trader though.It does seem a bit off that the new car has already been registered and the finance started - I've never had that happen. Apart from anything else, won't a months' tax be lost?
Sheepshanks said:
It's got to be worth asking. I wouldn't say I was selling it to a trader though.
It does seem a bit off that the new car has already been registered and the finance started - I've never had that happen. Apart from anything else, won't a months' tax be lost?
Yes, and at £1120.00 for the first year that's a few quid.It does seem a bit off that the new car has already been registered and the finance started - I've never had that happen. Apart from anything else, won't a months' tax be lost?
sleepera6 said:
Thats unfortunate, but tough luck. st happens. Don't worry too much about it.
Also, you might not want to risk it.. the WBAC approach is to knock money off for silly little things, the sly bds. The dealer is probably going to do that too, and you'll probably only walk away with £100 profit after loads of hassle.
My cars is 12 months old and there's nothing to give them a reason to knock it. I've dealt with WBAC and seen their tricks, but this dealer I've dealt with before and they are OKt happens. Don't worry too much about it.Also, you might not want to risk it.. the WBAC approach is to knock money off for silly little things, the sly b
ds. The dealer is probably going to do that too, and you'll probably only walk away with £100 profit after loads of hassle.Sounds like you have already signed the finance agreement for the new car and that dealer has most likely contra settled on your part ex, you may be able to walk away but you will lose any deposit already paid and incur charges to cancel the new finance agreement and the dealer will be likely chasing you for other losses aswell, ie. they will have a second hand new car.
Really begs the question, why sign up for a new car, including signing the finance agreement and then go looking elsewhere?
You are in a very difficult position if you want to pull out of the new car.
Really begs the question, why sign up for a new car, including signing the finance agreement and then go looking elsewhere?
You are in a very difficult position if you want to pull out of the new car.
Calm down its a px not the main deal.
For the price to be that different says the OP was given a sly low deal in the first place.
All he has to say is 'I've decided to keep the ox, a problem'?
2k is too much to turn down. It also makes me think how many more customers do they do this to.
Tough, look after number one in this situation IMO.
OP dis you sign anything? (An aside point)
For the price to be that different says the OP was given a sly low deal in the first place.
All he has to say is 'I've decided to keep the ox, a problem'?
2k is too much to turn down. It also makes me think how many more customers do they do this to.
Tough, look after number one in this situation IMO.
OP dis you sign anything? (An aside point)
Alucidnation said:
So, you agreed a deal with the dealer to part ex your car, but have been offered more money for it from another an indy dealer?
So, how did the indy dealer know about your car?
A sales guy got in touch as I was on their database, I explained I wasn't looking to buy anything at the moment as I'd just done a deal for a new car, I idly suggested they might like to bid for my car, after all I haven't had the new one yet so surely I'm still able to alter the deal to suit myself and benefit financially. By going to the local main dealer I expected to be given a good offer for my car as they were going to retail it themselvesSo, how did the indy dealer know about your car?
Blue Oval84 said:
Hmm, seems presumptuous of them, what if you were to crash the car tonight?
I'd just ring them and say that you now want to keep the p/ex and will be providing the cash balance in place of the car.
I'd probably run with "a family member wants to buy it thus i dont need to trade it in" and see what the dealer says.I'd just ring them and say that you now want to keep the p/ex and will be providing the cash balance in place of the car.
You'd have signed the finance docs among other things to allow them to register your new car in November. They've been paid out on the finance deal so have settled your PX off as is normal practice (certainly not sharp as has been suggested)
What I'd do is
1. phone the dealer you've bought the new car from and explain that your PX is now off the table and you will BACS him the same value before collection
2. take your PX to the Indy and have him BACS you the agreed value and sell him the car.
3. collect your new car and enjoy the extra £2k
What I'd do is
1. phone the dealer you've bought the new car from and explain that your PX is now off the table and you will BACS him the same value before collection
2. take your PX to the Indy and have him BACS you the agreed value and sell him the car.
3. collect your new car and enjoy the extra £2k
So the independent garage want to buy your car outright without you buying anything from them?
I don't buy it - they haven't seen the car and offer 2k more - be careful if that's the case as they are unlikely to honour the dea. Guy is prob trying to mess your deal up.
What is 2k as a % of the part ex price?
I don't buy it - they haven't seen the car and offer 2k more - be careful if that's the case as they are unlikely to honour the dea. Guy is prob trying to mess your deal up.
What is 2k as a % of the part ex price?
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