Sale or Return Query
Discussion
Apologies if this has been covered before.
I’m selling my 70 plate Macan.
A dealer contacted me and said he can sell it on a SOR basis, however I keep the car. It’s pretty much in mint condition. If he has a customer, then he will take deposit, buy car from me and then prepare and give to customer.
I presume there is zero risk in this, as I have read horror stories.
Obviously I won’t release until I have cleared funds.
He does want me to sign an agreement to allow him to advertise it, although I will read it carefully.
Thank you.
I’m selling my 70 plate Macan.
A dealer contacted me and said he can sell it on a SOR basis, however I keep the car. It’s pretty much in mint condition. If he has a customer, then he will take deposit, buy car from me and then prepare and give to customer.
I presume there is zero risk in this, as I have read horror stories.
Obviously I won’t release until I have cleared funds.
He does want me to sign an agreement to allow him to advertise it, although I will read it carefully.
Thank you.
Porsche dealers are offering 52
Cazoo is offering 53
Indies are offering 55
It’s 11 months old, only done 1650 miles and has £9k in options.
Brand new with same options it is 60k and a 9 month wait.
Dealer believes he can high 50s for me.
Just wanted to see if there is any risk, as I’m keeping car, he’s just advertising and selling for a commission.
Cazoo is offering 53
Indies are offering 55
It’s 11 months old, only done 1650 miles and has £9k in options.
Brand new with same options it is 60k and a 9 month wait.
Dealer believes he can high 50s for me.
Just wanted to see if there is any risk, as I’m keeping car, he’s just advertising and selling for a commission.
Seriously? A as yet unidentified customer is going to buy a £50k car sight unseen and a dealer will take on the full financial burden of buying it from you only when he has found this Unicorn and then risk having to take it back into stock when the customer returns it for whatever reason?
Caps4444 said:
Porsche dealers are offering 52
Cazoo is offering 53
Indies are offering 55
It’s 11 months old, only done 1650 miles and has £9k in options.
Brand new with same options it is 60k and a 9 month wait.
Dealer believes he can high 50s for me.
Just wanted to see if there is any risk, as I’m keeping car, he’s just advertising and selling for a commission.
The main risk (in my view) is that once he has the car to prep it for sale that they chip you down in price for minor issues. And once they have it and pass it to the client that they then delays payment (and they have the car) and you have no leverage, and you are now their cash flow.Cazoo is offering 53
Indies are offering 55
It’s 11 months old, only done 1650 miles and has £9k in options.
Brand new with same options it is 60k and a 9 month wait.
Dealer believes he can high 50s for me.
Just wanted to see if there is any risk, as I’m keeping car, he’s just advertising and selling for a commission.
Caps4444 said:
We agreed that if they have a customer, they take deposit from him and buy the car from me and then sell to customer. There is zero chance that I will be handing over the car to anyone without cleared funds!
Thats perfect then, Its not a sale or return in that case they just buy the car from you, no comeback what so ever then on your part Caps4444 said:
We agreed that if they have a customer, they take deposit from him and buy the car from me and then sell to customer. There is zero chance that I will be handing over the car to anyone without cleared funds!
Sounds fine, but not SOR.What would the agreement be on inspection and come back to you if they find an issue? And affect of mileage on pricing if the car is in regular use?
Not to be dubious, if he has customers and its an easy sale they would just buy it from you.
We have bought over 20 cars in the last month from customers for stock, straight bank transfer car is our and thats the end of it.
I understand 50k ish is very high end and maybe they dont have that kind of spare cash or stock plan but something sounds off.
We have bought over 20 cars in the last month from customers for stock, straight bank transfer car is our and thats the end of it.
I understand 50k ish is very high end and maybe they dont have that kind of spare cash or stock plan but something sounds off.
I feel many private customers prefer to go through a dealer?
He said he will make a small commission but most of his profit will come through financing it for the client.
I think it was a higher mileage, lower spec and older then perhaps it would not be worth it, but it’s basically brand new, so a good car for someone who doesn’t want a 9 months wait.
He said he will make a small commission but most of his profit will come through financing it for the client.
I think it was a higher mileage, lower spec and older then perhaps it would not be worth it, but it’s basically brand new, so a good car for someone who doesn’t want a 9 months wait.
Caps4444 said:
He said he is going to send me an agreement that allows him to advertise the car, obviously i will read it properly!
I think he’s happy to do it this way as it should be an easy sale, 11month old Macan with only 1600 miles on the clock. I assume he has customers.
At some point you are handing it over to the trader.I think he’s happy to do it this way as it should be an easy sale, 11month old Macan with only 1600 miles on the clock. I assume he has customers.
Presumably they will want to prep it before passing to the customer. Presumably the customer will only pay in full on their collection.
Unless they are paying you on collection in full, I would be very careful. Also having a contract is one thing; enforcing it can be another as it would be a civil matter.
vaud said:
At some point you are handing it over to the trader.
Presumably they will want to prep it before passing to the customer. Presumably the customer will only pay in full on their collection.
Unless they are paying you on collection in full, I would be very careful. Also having a contract is one thing; enforcing it can be another as it would be a civil matter.
I’m handing it over to hi, once he’s paid me the money, otherwise no chance!Presumably they will want to prep it before passing to the customer. Presumably the customer will only pay in full on their collection.
Unless they are paying you on collection in full, I would be very careful. Also having a contract is one thing; enforcing it can be another as it would be a civil matter.
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