I have no experience of SoR. I thought the idea was you didn't sell it to the dealer but that they sold it on your behalf for a %. I assumed you agreed your lowest price but that the dealer was incentivised by selling it for a % of a higher amount? Is this wrong?

Cheib said:

it would be very easy for the dealer to sell to a "third party" at whatever that pre-agreed price was. I very much doubt the SoR contract would stop HWM from selling the car to a mate who then sold it back to them.

I suppose the question is if you have a car on SoR and in these days of crazy price rises how you can cancel an SoR contract and get your car back.

It never fails to amaze me how few people read contracts properly. The amount of people I know who sign employment contracts for example without reading them properly or if necessary getting a lawyer to review them is staggering.

I don't understand how the dealer ends up with the car against the owners wishes. Presumably the owner has been paid the minimum amount agreed but they are, rightfully, pi55ed off the dealer failed to get them more. It's probably underhand and dishonest of the dealer but the owner has got the price he agreed to sell the car for, no? Have I got the wrong end of the stick?

Impossible to know obviously....but if the dealer thinks prices are going up and fancies taking the car into stock I don't see how as an owner you can stop him buying the car outright for the pre-agreed sum and then re-marketing at a higher price.

A dealer could agree to say a PoR deal whereby the owner agrees to sell the car for £100k for which the dealer gets paid £5k....i.e. the owner nets £95k. Dealer goes off and actually markets the car at PoA and tells prospective buyers the car is for sale for £110k. If he sells the car for £110k he probably needs to find a "friend" to buy the car for £100k....owner gets paid £95k and then next day the dealer sells it for £110k.

In these days of some models with rampant price inflation PoR is fantastic for dealers...they have a free call on the market.

I can think of a few ways a dealer could abuse the situation if they wanted to....would be very hard to cover ever eventuality and enforce the contract.

Sounds like some sharp practice going on. Surprised it hasn't been raised in any newspapers if someone was 'legally' conned out of their Porsche.

If it was me I'd certainly be kicked up a fuss and ensuring it got some media attention and stopped others getting stung.

starman70

7 posts

70 months

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Wednesday 27th June 2018

I have been searching for a 993, and noticed a selection at hendon way motors. Does anyone have an experience, good or bad when dealing with them?

jonttt

681 posts

171 months

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