Post Vintage Thoroughbred Sports Car. Advice Sought.
Discussion
My friend has just told me some news which bothers me. He was the owner of a beautiful post vintage thoroughbred sports car. I won't say exactly what type as I want to keep this conversation "in theory". In short, he is elderly and has sold his beloved car to a man, that he didn't realise was a dealer, for considerably below its value. It is currently advertised for sale. Are there rules against this? Some sort of Traders' Code of Conduct, that would mean he is given a fair price or be able to get his car back?
Unless you can evidence crime/threat/fraud or the seller wasn’t of sound mind and mental capacity (eg there’s a power of attorney for example where someone else is responsible for his financial affairs) then it’s one of those things sadly
The above would be a nightmare to prove anyway
If your friend wasn’t coerced, pressurised or threatened or mentally impaired in any way then he sold it for a price that he willingly agreed too
What someone subsequently sells it for is irrelevant
The above would be a nightmare to prove anyway
If your friend wasn’t coerced, pressurised or threatened or mentally impaired in any way then he sold it for a price that he willingly agreed too
What someone subsequently sells it for is irrelevant
Happening every day of the week, I've seen so many cars of all ages, advertised for sale at a certain price snapped up immediately then re-advertised for many thousands more.
As above - sellers remorse, should have investigated the market more. I'm not condoning flipping, in fact I hate it but it happens and it's legal.
Did the dealer go knocking on the door, like the "We are ain the area do you want your drive redoing/roof retiling" guys or respond to an advert.
Of course the dealer may not get anything like the price he's asking.
As above - sellers remorse, should have investigated the market more. I'm not condoning flipping, in fact I hate it but it happens and it's legal.
Did the dealer go knocking on the door, like the "We are ain the area do you want your drive redoing/roof retiling" guys or respond to an advert.
Of course the dealer may not get anything like the price he's asking.
Car dealers inherited their reputation from horse traders and many live down to expectations. i.e. it's nothing new.
In the late '70s I advertised a car in Motor Sport and as a result a chap came to view, bought it and drove it away. I told him I'd rebuilt it from a poor state so it was sound but not original and he accepted it as such.
Some months later at a club gathering I met the man my car had been sold on to. The line taken by the chap I sold it to was that he, a dealer, had sought out this fine original car in the depths of the country, persuaded the owner to sell and was now offering to sell it (at a suitably inflated price).
I got a fair price so was not too upset that the chap made money by reselling but I still resent the lying about how he got it.
In the late '70s I advertised a car in Motor Sport and as a result a chap came to view, bought it and drove it away. I told him I'd rebuilt it from a poor state so it was sound but not original and he accepted it as such.
Some months later at a club gathering I met the man my car had been sold on to. The line taken by the chap I sold it to was that he, a dealer, had sought out this fine original car in the depths of the country, persuaded the owner to sell and was now offering to sell it (at a suitably inflated price).
I got a fair price so was not too upset that the chap made money by reselling but I still resent the lying about how he got it.
Skyedriver said:
Happening every day of the week, I've seen so many cars of all ages, advertised for sale at a certain price snapped up immediately then re-advertised for many thousands more.
As above - sellers remorse, should have investigated the market more. I'm not condoning flipping, in fact I hate it but it happens and it's legal.
^This.As above - sellers remorse, should have investigated the market more. I'm not condoning flipping, in fact I hate it but it happens and it's legal.
Allan L said:
Car dealers inherited their reputation from horse traders and many live down to expectations. i.e. it's nothing new.
In the late '70s I advertised a car in Motor Sport and as a result a chap came to view, bought it and drove it away. I told him I'd rebuilt it from a poor state so it was sound but not original and he accepted it as such.
Some months later at a club gathering I met the man my car had been sold on to. The line taken by the chap I sold it to was that he, a dealer, had sought out this fine original car in the depths of the country, persuaded the owner to sell and was now offering to sell it (at a suitably inflated price).
I got a fair price so was not too upset that the chap made money by reselling but I still resent the lying about how he got it.
It is difficult, especially for a less tech-savvy vendor, to establish a true value, particularly for a rare car. When I sold mine recently the nearest market comparison I could find was in France, so LHD and very different market conditions. Which goes some of (not all) the way to explaining why there are some wacky, optimistic asking prices around at the moment.In the late '70s I advertised a car in Motor Sport and as a result a chap came to view, bought it and drove it away. I told him I'd rebuilt it from a poor state so it was sound but not original and he accepted it as such.
Some months later at a club gathering I met the man my car had been sold on to. The line taken by the chap I sold it to was that he, a dealer, had sought out this fine original car in the depths of the country, persuaded the owner to sell and was now offering to sell it (at a suitably inflated price).
I got a fair price so was not too upset that the chap made money by reselling but I still resent the lying about how he got it.
Best advice (albeit too late) would be: if you're not sure, ask for help.
Has the actual vendor expressed dissatisfaction at the price realised, or is it the OP?
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