Sale or Return
Discussion
Can anyone offer any advice regarding selling sale or return, specifically if there is anything I can do or documentation i can use to protect myself from future issues. The dealer/specialist is well known and regarded and everything I have read about them has been positive, however I am a born cynic so always wary when selling cars.. Just to add my query isn't about the merits of selling vs sale or return.
Any pointers appreciated.
Any pointers appreciated.
Just a heads up, there is a certain Specialist who were once very good but have recently had some very dodgy dealings, I cannot post who they are due to N&S rules but if you are up north anywhere maybe some googling to be sure, they have specifically had issues around SOR with people not seeing their money once the S bit is done
anonymous said:
[redacted]
If it’s a little German sportscar & you live in Yo**shire, get yourself over to the 911uk forum as they’re more candid & the N&S rules are more friendly for forum contributors 
SOR is in effect “free stock” for many dealers. Some dealers also cynically see SOR as customers looking for free winter storage whereby the customer retrieves the car in the Spring. If your pride & joy has lived in a garage for most of its life, make sure you’re clear on how /where the dealer will store it & also how they’ll treat test drives etc. Also if you have any finance on the car, consider carefully whether you should be doing SOR at all as you might end up with no car & an outstanding finance commitment in the most extreme of circumstances.
My only thoughts would be sell privately or sell to WBAC/any other trader.
I would never consider Sale or Return - it just seems to have too much potential to go horribly wrong.
I did once test drive a car that a trader was selling "Sale or Return" - he just gave me the keys!
That was enough to put me off, even before I thought about the potential legal implications if the trader went bust while he had your car.
I would never consider Sale or Return - it just seems to have too much potential to go horribly wrong.
I did once test drive a car that a trader was selling "Sale or Return" - he just gave me the keys!
That was enough to put me off, even before I thought about the potential legal implications if the trader went bust while he had your car.
Haves1979 said:
Can anyone offer any advice regarding selling sale or return, specifically if there is anything I can do or documentation i can use to protect myself from future issues. The dealer/specialist is well known and regarded and everything I have read about them has been positive, however I am a born cynic so always wary when selling cars.. Just to add my query isn't about the merits of selling vs sale or return.
Any pointers appreciated.
In essence, no (IMO).Any pointers appreciated.
You can take some protective measures, such as retaining a set of keys, retaining the original service book, retaining the original V5 and possibly even writing across photocopies of documents that title to the vehicle won't pass until you have received funds, but none of these will protect you properly. You can also try and agree that funds will be paid to a solicitor in escrow (such that they are never in the hands of the dealer) but again that relies on the dealer actually telling the purchaser that.
Ultimately, the SoR agreement is only as valuable as the company behind it. Obviously you will check records at Companies House but these only go so far. If the dealer goes bust having sold your car before paying you the money you're unlikely to see much or any of it, and title will have passed to the new owner so you can't recover the car either.
It is a high risk strategy, and there are plenty of dodgy characters about (some of whom had apparently good reputations).
Haves1979 said:
Cheers for all the comments. I am going to hold off for now with regard to SOR. The dealer has been great (no pressure either way) and has agreed to list on my behalf for now. Should there be interest I can get the car to him - cross that bridge when I get to it.
If it's Will B, he's brilliant. Sold my Evora with him a week or two ago. Totally painless. You'll have no worries there. Can't recommend highly enough. The Mad Monk said:
surveyor said:
Parents tried to sell their car at one of these places.
They went bust.
They were lucky to get the car back. Some people lost the car and the money..
If they hadn't lost either the car or the money, they wouldn't have lost anything, would they?They went bust.
They were lucky to get the car back. Some people lost the car and the money..
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