MGTF - I've been duped by seller - It's Cat D!!
Discussion
Hi there everybody,
I'm new here and came across the forum looking for a solution to my problem. I'm hoping that someone can point me in the right direction if possible please.
I traded in my old BMW at the end of Jan for a MGTF with 47,500 miles on the clock. I bought it from an independent dealer for £4K and he did mention to me that it was Cat D. Being totally clueless about these things, i asked what that involved and was told that the insurance company decided it was not in their interest to pay out on an repair for non other than economical reasons, hence its classification. I asked if that would have any effect on resale and was promised that it wouldn't as there was nothing wrong with the car and it had simply been repaired independently. Based on this, i decided to go ahead.
In the 5 months i have had it, it has been perfect - not one single problem, but last week a situation occurred where i need to get my hands on some cash asap. As the MG has largely sat there for 5 months hardly being used (they are not ideal with a wife and 2 dogs!!), we decided to sell it. Our first port of call was to the dealer who we got it from, but despite promising he would buy it back (it was a condition of sale as we are emigrating), he now won't take it. Then i took it to a few local dealers who HPI checked it and also won't touch it because of its Cat D!
Needless to say, i am far from amused as i need to get rid of it quick. I have been made one offer of £1400, but am struggling to accept it as that is a £2600 loss in 5 months having only put 1000 miles on the clock.
Is that really all i can now expect to get for it? I have looked at private classifieds and seen that cars in a similar condition with similar mileage are going for around £3500 - £3995. I've also read that cat d should only devalue by around 25%. But the problem is getting anyone to accept it in the first place.
Unfortunately, i am not in a position to sell it privately because of time constraints. Does anyone know of any places (preferably in the North of England) that specialise in Cat D's and may be prepared to take it?
I'm new here and came across the forum looking for a solution to my problem. I'm hoping that someone can point me in the right direction if possible please.
I traded in my old BMW at the end of Jan for a MGTF with 47,500 miles on the clock. I bought it from an independent dealer for £4K and he did mention to me that it was Cat D. Being totally clueless about these things, i asked what that involved and was told that the insurance company decided it was not in their interest to pay out on an repair for non other than economical reasons, hence its classification. I asked if that would have any effect on resale and was promised that it wouldn't as there was nothing wrong with the car and it had simply been repaired independently. Based on this, i decided to go ahead.
In the 5 months i have had it, it has been perfect - not one single problem, but last week a situation occurred where i need to get my hands on some cash asap. As the MG has largely sat there for 5 months hardly being used (they are not ideal with a wife and 2 dogs!!), we decided to sell it. Our first port of call was to the dealer who we got it from, but despite promising he would buy it back (it was a condition of sale as we are emigrating), he now won't take it. Then i took it to a few local dealers who HPI checked it and also won't touch it because of its Cat D!
Needless to say, i am far from amused as i need to get rid of it quick. I have been made one offer of £1400, but am struggling to accept it as that is a £2600 loss in 5 months having only put 1000 miles on the clock.
Is that really all i can now expect to get for it? I have looked at private classifieds and seen that cars in a similar condition with similar mileage are going for around £3500 - £3995. I've also read that cat d should only devalue by around 25%. But the problem is getting anyone to accept it in the first place.
Unfortunately, i am not in a position to sell it privately because of time constraints. Does anyone know of any places (preferably in the North of England) that specialise in Cat D's and may be prepared to take it?
I think it is unfair to claim you were duped by the seller in the circumstances as he todl you it was CATD
I would have thought that if you needed to get rid quick then Ebay is the best solution or your local car auction.
I would have thought with summer approaching there is a buyer out there somewhere
I would have thought that if you needed to get rid quick then Ebay is the best solution or your local car auction.
I would have thought with summer approaching there is a buyer out there somewhere
Sorry - i should explain more clearly. I'm not complaining i was duped because he didn't tell me, i'm saying that i was duped because it was the sole condition of sale that he would buy it back in 4-6 months.
Also, i appreciate it is obviously going to have an effect on price - but all i have been offered is £1400 and if i take 25% off £3500, i should be looking at around £2625
Also, i appreciate it is obviously going to have an effect on price - but all i have been offered is £1400 and if i take 25% off £3500, i should be looking at around £2625
The seller did nothing wrong, its not his job to educate you as to what the categories mean, only to declare to you that it has been written off, which he has done. You live, you learn.
You also bought from a dealer and are selling to a dealer - so buying high and selling low - these guys need to make money and warrant the car, so a £2K spread isn't unreasonable.
You also bought from a dealer and are selling to a dealer - so buying high and selling low - these guys need to make money and warrant the car, so a £2K spread isn't unreasonable.
IMO the seller didn't dupe you as he was upfront about the car being a Cat D from the off.
Sorry chap.
ETA: Just read your latest comment. If you have that in writing then yes, you have a point although might I suggest that your headline is misleading.
Sorry chap.
ETA: Just read your latest comment. If you have that in writing then yes, you have a point although might I suggest that your headline is misleading.
Edited by Garlick on Monday 17th May 12:15
So your car that has been flawless is now a problem that needs to be flogged on cheap asap, that is your perception of the situation rather than the actual vehicle.
Of course traders are going to try to nick it, then flog it for double, Durr !
Try Autotrader, advertise it £500 cheaper than comparable models and mention its cat D status, Summer is almost here and the MGF does have a following, in fact a slightly cheaper than average but tidy one will fly away. you do not needs to take a two and a half grand hit, are you that desperate for the £1400, I doubt it, just chill, box clever, take your time and you may realise nearer three grand for it, traders make there money of the back of psychology, if your old car is a problem to you they take it for buttons and make it go away, they provided you with a shiny new one at vast expense, dont play the game, you have what is still a fairly desirable vehicle, Cat D or not, Dont give it away !
And next time, before going into full on Shiny Shiny new car frenzy mode, do your research.
Of course traders are going to try to nick it, then flog it for double, Durr !
Try Autotrader, advertise it £500 cheaper than comparable models and mention its cat D status, Summer is almost here and the MGF does have a following, in fact a slightly cheaper than average but tidy one will fly away. you do not needs to take a two and a half grand hit, are you that desperate for the £1400, I doubt it, just chill, box clever, take your time and you may realise nearer three grand for it, traders make there money of the back of psychology, if your old car is a problem to you they take it for buttons and make it go away, they provided you with a shiny new one at vast expense, dont play the game, you have what is still a fairly desirable vehicle, Cat D or not, Dont give it away !
And next time, before going into full on Shiny Shiny new car frenzy mode, do your research.
JumpinJon said:
Plotloss said:
This buy back being a condition of sale.
Got anything in writing?
Sadly no. I do have 2 witnesses (including one of his salesmen), but i also know that is as good as irrelevant!Got anything in writing?
I'm afraid your agreement is as good as the paper it's written on.
Typically CATD cars, sold privately and declared (obviously) will make 30% less than the equivalent straight car.
So put it up for £3K, prepare to take £2500.
Then you've learnt a £1500 lesson about conditions of sales caveats.
You should have got it in writing that he would buy it back off you if it was a condition of the sale. You didn't so while it might be a kick in the b
ks it's 1 you should have seen coming & so prepared for. Have another word with him but be prepared to cut your losses & put it down to experience
ks it's 1 you should have seen coming & so prepared for. Have another word with him but be prepared to cut your losses & put it down to experienceBlueEyedBoy said:
what model is it?
Its 1.8, 135bhp Thanks for all your help guys - i really do appreciate it. I know i have been utterly stupid and please don't get me wrong - i am not blaming anyone but myself. I am fully aware i should have checked out Cat D before and got the buy back in writing. Hindsight is a wonderful thing!
Plotloss said:
JumpinJon said:
Plotloss said:
This buy back being a condition of sale.
Got anything in writing?
Sadly no. I do have 2 witnesses (including one of his salesmen), but i also know that is as good as irrelevant!Got anything in writing?
I'm afraid your agreement is as good as the paper it's written on.
Typically CATD cars, sold privately and declared (obviously) will make 30% less than the equivalent straight car.
So put it up for £3K, prepare to take £2500.
Then you've learnt a £1500 lesson about conditions of sales caveats.
JumpinJon said:
BlueEyedBoy said:
what model is it?
Its 1.8, 135bhp Thanks for all your help guys - i really do appreciate it. I know i have been utterly stupid and please don't get me wrong - i am not blaming anyone but myself. I am fully aware i should have checked out Cat D before and got the buy back in writing. Hindsight is a wonderful thing!
He told you it was a cat D, if you had spent 5 minutes researching what this means on the internet you would have realised the car was over priced.
On buying it back, his word means nothing. Even if he did honour it he would be well within his rights to offer you £1000 to buy it back. It wouldn't be his fault whether or not you accepted his offer.
Just stick it on auto trader or ebay, you're going to make a big loss however you sell it.
On buying it back, his word means nothing. Even if he did honour it he would be well within his rights to offer you £1000 to buy it back. It wouldn't be his fault whether or not you accepted his offer.
Just stick it on auto trader or ebay, you're going to make a big loss however you sell it.
GreigM said:
You also bought from a dealer and are selling to a dealer - so buying high and selling low - these guys need to make money and warrant the car, so a £2K spread isn't unreasonable.
It isn't very reasonable when that's over 50% of the (private) value of the car. Then again "reasonable" and "dealers" aren't words that often sit happily together.Edited by Mr2Mike on Monday 17th May 12:44
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