Part ex deal agreed with dealer but another offer received

[Rawwr]

Personally, I'd forget about the £2k and chalk it up to experience. If you agreed the deal and were happy with it at the time your pen hit the paper then you stand by it. I wouldn't sell my morals for £2k.

[northwest monkey]

It's funny how people come on here if a car dealer reneges on a deal - the lynch mob comes out in force spouting all sorts of contract law, yet when it's the other way round...

[POORCARDEALER]

northwest monkey said:

It's funny how people come on here if a car dealer reneges on a deal - the lynch mob comes out in force spouting all sorts of contract law, yet when it's the other way round...

Quite amazing isnt it....As Rawwr says above, quite amazing how morals go out of the window when a few quid is involved.

[speedking31]

oldnbold said:

I'd be amazed if the dealer had settled his finance without having signed paperwork for the new finance, which I suspect has already been paid to the dealer. So in effect by what I'm reading the deal has already happened, with the exception that the OP hasn't picked his new car up.

But as I read it the OP is still driving 'his' old car. How does that work ref insurance? The garage now has an interest if they've paid off the finance, so if the OP stacked it and wasn't insured they would suffer?

[Piersman2]

oldnbold said:

Piersman2 said:

People are way over-complicating this.

Get over to the 'new' dealer and check his offer is good, and sell the RR to him for £59500. Get the money into your bank account.

Then ring the existing dealer and tell him you will debit card him the £57500 instead of the PX when you come in to collect your new car.

Does the OP still actually own the Car? He has signed a contract agreeing to sell the car to the dealer and on the basis of that contract the dealer has paid off the outstanding finance.

Oh right, I've just re-read the OP and I've now seen the comment that the OPs finance company are telling him everything is cleared off by the dealer.

Well... in that case the OP must have signed off all the paperwork and the dealer has sorted it all out. Seems a bit strange to me that they'd do all that before actually exchanging cars (mainly due to potential insurance/tax implications), but hey ho maybe it's 'normal'.

Based on this I riscind my post above, if the OP has signed off all the paperwork and it's gone as far as the dealer effectively now owning the OPs car I would have thought it's too late to back it out.

[johnnyBv8]

You've agreed a deal now, so unless you call them and they are happy that you buy outright with no p/ex, you need to stick to the deal. Maybe they'll be fine with it, but I'm sure you'd be unhappy if they changed the agreed purchase price for the new car because they found someone that was willing to pay more.

[carreauchompeur]

It depends if the car is just going to be shifted to auction or they have priced it as marketable stock. Given the value I'd suggest it's the latter. Ask them... If it's the latter I can imagine them saying NO!

[750turbo]

Looks like the OP is not coming back to answer a few queries then.

[InitialDave]

He probably found another forum offering him slightly better ones.