Agreeing on a PX deal then unexpectedly selling your car!!

[dave_s13]

So I put my car up on gumtree and on here just as a punt, to see if I got any interest, been on a week and only had one call from a rather Nigerian sounding chap that wanted to pay me in guava beans and exotic textiles rather than cash.

So went to a car dealers a few days ago and found the car I want. Agreed a PX price and decided to sleep on it as the car needed some bits fixing prior to sale. Ended up back there today, dealer agreed to fix all the faults and we have a written sales agreement to this effect with my car being worth X and me adding Y to change; left a £100 deposit.

Then randomly, I get a call at 5.30 this evening from an interested party, I explained the above but said he was welcome to come for a look and he did, with two pals, in the dark. So I got the car as well lit as I could in the driveway and let him give it a good going over and took him for a spin etc. He made a good offer and I accepted it.

I'm now in the position where I have the full asking price for the car I've bought rather than the PX. It seems logical to me that this shouldn't be an issue and I'll be ringing the dealer in the morning to explain and check it's OK with him. I just wondered if I'm assuming correctly??

The cars in question are thusly:-

My car
2005 Toyota Corrola Verso 1.6 VVTi T2
75k miles, 6months T&T, full service history, recent clutch/gbox. Cosmetically not great but mechanically sound.
just sold for £2850

Dealers car
2003 Ford Galaxy 2.3 ghia petrol
94k miles, no tax, long MOT, full SH and in really great nick.
Faults to be fixed: drivers window switch, air con non functioning, cruise control non functioning.
Sticker price £2795

The deal was my car +£275 + 6months tax.

I'm now in a position where all I have to pay to change is the tax.

If you read that far, thanks Now the dealers intention is to retail my (now sold) car but it would have needed some substantial paintwork to prep it. I just wonder if I've gone and blown the deal and lost the deposit??

ps.. Selling cars privately is weird isn't it. The last 2 I've sold it's been a case of nothing, nothing, nothing, phone rings and it's gone within an hour....funny old game.

Edited by dave_s13 on Monday 4th November 21:50

[Paul O]

Can't imagine the dealer would cancel a now guaranteed easy cash sale.

Plus, what if you'd crashed the part x for example? I doubt you'd be forced to loose your deposit then.

Just phone him tomoz, imagine they will be fine. :-)

[mini1380cc]

You agreed a deal then signed a written agreement. At that stage I'd stick by my word regardless of any offerings after. The car didn't unexpectedly sell, you allowed it to happen.

[cookie42]

Does it not put you in a better position and the dealer on the back foot ?

[carreauchompeur]

mini1380cc said:

You agreed a deal then signed a written agreement. At that stage I'd stick by my word regardless of any offerings after. The car didn't unexpectedly sell, you allowed it to happen.

Oh come on, the dealer would bite your hand off for the cash equivalent of not having to prep/sell a PX...

[dave_s13]

cookie42 said:

Does it not put you in a better position and the dealer on the back foot ?

This is what I assume to be the case but I'm happy to pay the sticker price as long as the faults are sorted.

Unless there is some weird underground cult that craves toyota corolla versos for top money that I'm not aware of.

A car dealers turnover can be complex though (I'm guessing here) and maybe he stands to gain much more from accepting my PX rather than full asking in cash....we'll see when I call him in the morning.

[Faxo]

carreauchompeur said:

Oh come on, the dealer would bite your hand off for the cash equivalent of not having to prep/sell a PX...

This

Nice easy all cash sale

[NiceCupOfTea]

Got an appalling trade in on wifey's Puma against a Qashqai. Simply said I would advertise privately and they were happy just to knock off the trade-in value if I did. As it happened, made a lot more in a fairly easy private sale and everybody was happy.

This was only about a 20th of the new car value though so chickenfeed to them, and they would have just stuck the puma through the auctions.

[dave_s13]

mini1380cc said:

You agreed a deal then signed a written agreement. At that stage I'd stick by my word regardless of any offerings after. The car didn't unexpectedly sell, you allowed it to happen.

Unfortunately I'm not in a position to turn down what could be and extra £275 at the moment....well assuming this little stunt hasn't scuppered the deal!

[steve singh]

Depends if the dealer think there is profit in your car and played around with the change over costs...

[mini1380cc]

carreauchompeur said:

Oh come on, the dealer would bite your hand off for the cash equivalent of not having to prep/sell a PX...

More than likely I agree. However the dealer based the deal on getting the car which we do not know what his intentions were with. For all we know he had some verso pervert lined up willing to pay more than normal. It's unlikely but the point is the deal was to include the car.

If a dealer taken a deposit then sold the car to someone else for more we would all be branding them scum. When the shoe is on the other foot it seems ok?

OP, I've had personal experience in this one. My mate struck a deal in Honda then sold his trade in to me for more. He lost the honda he was after.

[miniman]

Have you determined precisely how the dealer plans to fix the air con? Presumably "re-gas it".

[Beyond Rational]

Will you now pay full price for the Galaxy?

The dealer probably thought he'd get near £3k for the Verso, plus £275 in exchange for a car that was worth maybe £2.3k to him, so there was maybe over £750 pounds in it for him, less expenses.

Now you'll sensibly haggle on the Galaxy and offer nearer £2.6k.

[dave_s13]

miniman said:

Have you determined precisely how the dealer plans to fix the air con? Presumably "re-gas it".

I did ask what if it's not just a re-gas and a duff compressor/drier/condenser etc etc.

His reply, "not your problem, it's my problem, we have a warranty scheme and just send it to be fixed, it will come back fixed. We can't advertise a car as having air con when it doesn't work......".

Similarly stated with the cruise control not working....

I'll ring in the morning and see what he says anyway. I really can't see him having a buyer lined up for a base spec, rather tatty looking verso. It's mechanically sound and all that but I've never owned such a terribly depressing vehicle before, bloody awful thing.

[dave_s13]

Beyond Rational said:

Will you now pay full price for the Galaxy?

The dealer probably thought he'd get near £3k for the Verso, plus £275 in exchange for a car that was worth maybe £2.3k to him, so there was maybe over £750 pounds in it for him, less expenses.

Now you'll sensibly haggle on the Galaxy and offer nearer £2.6k.

No, I'm happy to pay sticker price for it. As long as the faults are sorted.