JLR first 12 months, Cannot sell new car unless to JLR?
Discussion
knitware said:
RUSSELLM said:
OP… Was the JLR product purchased under the employee discount scheme ?
I know that carries the 12 month rule. Something to do with having to pay BIK, if you start buying and flipping them.
Hi, no discount at all, I'm just a walk in, well, I placed a deposit online. I know that carries the 12 month rule. Something to do with having to pay BIK, if you start buying and flipping them.
That form annoyed me, if I own something, anything, I can do as I wish with it, sell, keep, give it away to whomever.
It annoyed me further as if you look on LR approved used they have Defenders on huge markups.
The penalty of doing it is that the dealer can refuse to sell you another one.
Seems pretty desperate if you ask me....
Not that I would personally ever consider buying a JLR product, if I was in that situation, I would buy as normal, agree to those terms and simply sell within the 12 months to anyone you wish (if required) with a view to the fact they are only limiting sale outside of Marshall group. There are many other franchises out there if (for some reason) you wanted another JLR product.
Not that I would personally ever consider buying a JLR product, if I was in that situation, I would buy as normal, agree to those terms and simply sell within the 12 months to anyone you wish (if required) with a view to the fact they are only limiting sale outside of Marshall group. There are many other franchises out there if (for some reason) you wanted another JLR product.
Adam205 said:
My dad paid list price (£67k?) for a Defender P400e a couple of months back, cheapest used one at the moment is £93k, cheapest approved used is £102k! I can understand why they want them back....
That's fair enough, but you just know the only "reason" behind this contractual clause is to 'scare' the owner into selling back to Marshall, and losing a massive chunk in the process. Sell privately, or indeed to another dealer and you'll walk away much much better off...What a desperate ploy.
Dan_1981 said:
knitware said:
RUSSELLM said:
OP… Was the JLR product purchased under the employee discount scheme ?
I know that carries the 12 month rule. Something to do with having to pay BIK, if you start buying and flipping them.
Hi, no discount at all, I'm just a walk in, well, I placed a deposit online. I know that carries the 12 month rule. Something to do with having to pay BIK, if you start buying and flipping them.
That form annoyed me, if I own something, anything, I can do as I wish with it, sell, keep, give it away to whomever.
It annoyed me further as if you look on LR approved used they have Defenders on huge markups.
The penalty of doing it is that the dealer can refuse to sell you another one.
MattyD803 said:
Adam205 said:
My dad paid list price (£67k?) for a Defender P400e a couple of months back, cheapest used one at the moment is £93k, cheapest approved used is £102k! I can understand why they want them back....
That's fair enough, but you just know the only "reason" behind this contractual clause is to 'scare' the owner into selling back to Marshall, and losing a massive chunk in the process. Sell privately, or indeed to another dealer and you'll walk away much much better off...What a desperate ploy.
Dan_1981 said:
knitware said:
RUSSELLM said:
OP… Was the JLR product purchased under the employee discount scheme ?
I know that carries the 12 month rule. Something to do with having to pay BIK, if you start buying and flipping them.
Hi, no discount at all, I'm just a walk in, well, I placed a deposit online. I know that carries the 12 month rule. Something to do with having to pay BIK, if you start buying and flipping them.
That form annoyed me, if I own something, anything, I can do as I wish with it, sell, keep, give it away to whomever.
It annoyed me further as if you look on LR approved used they have Defenders on huge markups.
The penalty of doing it is that the dealer can refuse to sell you another one.
It’s all marketing hype and bulls
t. I’ve got my order in. It’s a lot of money for a car particularly as I’m not doing any finance so it will come out of my cash at bank as it were. I own my RRS but it’s 7 yrs old now and worth approx £30k. I’ve just sold an XK140 FHC but not touching that money. I will soon be selling my 2.0L Vitesse for around £15 k as I’ve had it 16 yrs and not used it for 2yrs now. This means Ive got to use maybe £17 k savings to get a car we will love that isn’t 7 yrs old. I know ….man maths at its finest.
The thing is since I ordered my main contract as a self employed sole trader has reduced my commissions by 40%. This has made me nervous but the worst that can happen is I get my deposit back and keep the RRS. The other option is get the Defender and keep it forever. The third way is sell it and make the easiest £10k I have ever made. Then place another order and effectively save £10 k off the next one by putting that towards it, then keep it. PH problems.
This would be the dearest car we have ever owned but I do like a car.
The thing is since I ordered my main contract as a self employed sole trader has reduced my commissions by 40%. This has made me nervous but the worst that can happen is I get my deposit back and keep the RRS. The other option is get the Defender and keep it forever. The third way is sell it and make the easiest £10k I have ever made. Then place another order and effectively save £10 k off the next one by putting that towards it, then keep it. PH problems.
This would be the dearest car we have ever owned but I do like a car.
The spinner of plates said:
Until they want to sell you a car again.
It’s all marketing hype and bullst.
Just to sum this up. JLR are basically saying we can sell you this car at £60k but we know that it will sell at £90k in X months time. However, we don't want you to benefit from this, even though it's your own property, so instead we're going to insert a clause so that you have to sell it back to us so that we can benefit from the profit, not you.It’s all marketing hype and bulls
t. f
k right off. I'm tempted to buy one just to do exactly that (I realise that'd be impossible but hey).As above. I have a RR on order and had to sign not to sell in the first three months. This is because new car waiting/delivery times are so long that my car, when it arrives, will be worth more than I'm paying for it.
I have to say it didn't bother me, it'll only be the second time a new car I've bought is worth more on the day I pick it up. (M3 E46 being the first, the garage wanted to buy it back from me on the day I picked it up!).
Having waited 8 months for it, I ain't going to sell it!
I have to say it didn't bother me, it'll only be the second time a new car I've bought is worth more on the day I pick it up. (M3 E46 being the first, the garage wanted to buy it back from me on the day I picked it up!).
Having waited 8 months for it, I ain't going to sell it!
Edited by GetCarter on Wednesday 22 December 16:08
Spleen said:
The spinner of plates said:
Until they want to sell you a car again.
It’s all marketing hype and bullst.
Just to sum this up. JLR are basically saying we can sell you this car at £60k but we know that it will sell at £90k in X months time. However, we don't want you to benefit from this, even though it's your own property, so instead we're going to insert a clause so that you have to sell it back to us so that we can benefit from the profit, not you.It’s all marketing hype and bulls
t. f
k right off. I'm tempted to buy one just to do exactly that (I realise that'd be impossible but hey).Cabsi said:
Spleen said:
The spinner of plates said:
Until they want to sell you a car again.
It’s all marketing hype and bullst.
Just to sum this up. JLR are basically saying we can sell you this car at £60k but we know that it will sell at £90k in X months time. However, we don't want you to benefit from this, even though it's your own property, so instead we're going to insert a clause so that you have to sell it back to us so that we can benefit from the profit, not you.It’s all marketing hype and bulls
t. f
k right off. I'm tempted to buy one just to do exactly that (I realise that'd be impossible but hey).swisstoni said:
Seems like the sound of pips squeeking.
How dare they try to introduce ‘manners’ on people who have bought something outright in good faith?
Yea but... just for a second, imagine you are in their situation. Selling new cars that will immediately be worth more, so anyone with a bunch of money will buy a shed load, and your business will go down the toilet.How dare they try to introduce ‘manners’ on people who have bought something outright in good faith?
I get the indignation, but these people are only trying to keep their biz alive. (OK and maximise profits)... as I say, what would YOU do? Be nice and lose loads of money?
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