Selling to Motorway, Carwow etc.

Selling to Motorway, Carwow etc.

Author
Discussion

Chainedtomato

711 posts

106 months

Wednesday 24th April
quotequote all
Dealership (main manufacturer) has been in contact and said negative equity payment needs to be made 24 hours before collection day so they can confirm the cleared funds. Been told this is a hard line and no other option. In my mind that just increases the amount of things that could go wrong massively. Not sure what to do

Edited by Chainedtomato on Wednesday 24th April 11:20


Edited by Chainedtomato on Wednesday 24th April 11:20

Trevor555

4,457 posts

85 months

Wednesday 24th April
quotequote all
Chainedtomato said:
Dealership (main manufacturer) has been in contact and said negative equity payment needs to be made 24 hours before collection day so they can confirm the cleared funds. Been told this is a hard line and no other option. In my mind that just increases the amount of things that could go wrong massively. Not sure what to do

Edited by Chainedtomato on Wednesday 24th April 11:20


Edited by Chainedtomato on Wednesday 24th April 11:20
They want you to pay them before they've even inspected your car?

Ridiculous..

Email Motorway to let them know

Sell your car to some one else

Chainedtomato

711 posts

106 months

Wednesday 24th April
quotequote all
Trevor555 said:
Chainedtomato said:
Dealership (main manufacturer) has been in contact and said negative equity payment needs to be made 24 hours before collection day so they can confirm the cleared funds. Been told this is a hard line and no other option. In my mind that just increases the amount of things that could go wrong massively. Not sure what to do

Edited by Chainedtomato on Wednesday 24th April 11:20


Edited by Chainedtomato on Wednesday 24th April 11:20
They want you to pay them before they've even inspected your car?

Ridiculous..

Email Motorway to let them know

Sell your car to some one else
You’ve confirmed my thoughts

It was a carwow auction. Just called carwow and they didn’t seem bothered and said ‘this dealer is one of the small percentage who require the payment up front’. That was it. I spent a lot of time on the phone to carwow before I even listed the car talking through the process and was assured I would be able to pay the negative equity at the point the inspection was completed. Waste of time. The buying dealer said they have had so many issues with drivers turning up and then the customer refusing to pay the negative equity blah blah…. well I’m not one of those types. But unfortunately it seems to be a hard line so they won’t budge.

Trevor555

4,457 posts

85 months

Wednesday 24th April
quotequote all
Chainedtomato said:
Trevor555 said:
Chainedtomato said:
Dealership (main manufacturer) has been in contact and said negative equity payment needs to be made 24 hours before collection day so they can confirm the cleared funds. Been told this is a hard line and no other option. In my mind that just increases the amount of things that could go wrong massively. Not sure what to do

Edited by Chainedtomato on Wednesday 24th April 11:20


Edited by Chainedtomato on Wednesday 24th April 11:20
They want you to pay them before they've even inspected your car?

Ridiculous..

Email Motorway to let them know

Sell your car to some one else
You’ve confirmed my thoughts

It was a carwow auction. Just called carwow and they didn’t seem bothered and said ‘this dealer is one of the small percentage who require the payment up front’. That was it. I spent a lot of time on the phone to carwow before I even listed the car talking through the process and was assured I would be able to pay the negative equity at the point the inspection was completed. Waste of time. The buying dealer said they have had so many issues with drivers turning up and then the customer refusing to pay the negative equity blah blah…. well I’m not one of those types. But unfortunately it seems to be a hard line so they won’t budge.
Leave detailed negative feedback to Carwow

Hopefully save others wasting their time.

I've been buying/collecting cars for over 30 years, over 3,000 purchases under my belt.

I've never had a customer refuse to pay their negative equity in the way they described to you.

Absolute tosh.

Chainedtomato

711 posts

106 months

Wednesday 24th April
quotequote all
Trevor555 said:
Chainedtomato said:
Trevor555 said:
Chainedtomato said:
Dealership (main manufacturer) has been in contact and said negative equity payment needs to be made 24 hours before collection day so they can confirm the cleared funds. Been told this is a hard line and no other option. In my mind that just increases the amount of things that could go wrong massively. Not sure what to do

Edited by Chainedtomato on Wednesday 24th April 11:20


Edited by Chainedtomato on Wednesday 24th April 11:20
They want you to pay them before they've even inspected your car?

Ridiculous..

Email Motorway to let them know

Sell your car to some one else
You’ve confirmed my thoughts

It was a carwow auction. Just called carwow and they didn’t seem bothered and said ‘this dealer is one of the small percentage who require the payment up front’. That was it. I spent a lot of time on the phone to carwow before I even listed the car talking through the process and was assured I would be able to pay the negative equity at the point the inspection was completed. Waste of time. The buying dealer said they have had so many issues with drivers turning up and then the customer refusing to pay the negative equity blah blah…. well I’m not one of those types. But unfortunately it seems to be a hard line so they won’t budge.
Leave detailed negative feedback to Carwow

Hopefully save others wasting their time.

I've been buying/collecting cars for over 30 years, over 3,000 purchases under my belt.

I've never had a customer refuse to pay their negative equity in the way they described to you.

Absolute tosh.
Maybe I’m reading into this too much, but interestingly I got carwow to admit on the phone what the other bids were and how much the winning bid was over the rest - at least 2.5k. Starting to think the dealer takes your negative equity payment, then on collection day they start hammering the price down and you’re essentially stuck. Who knows but really bad form I think. Definitely leaving bad feedback.

Auto810graphy

1,405 posts

93 months

Wednesday 24th April
quotequote all
Why not ask the dealer if they would like you to make the negative equity payment direct to the finance company and then get a new settlement prior to collection? (this normally takes 7 days to show on your agreement).

Chainedtomato

711 posts

106 months

Thursday 25th April
quotequote all
Anyone heard of a main dealer bidding on a car, winning, then backing out once you’ve uploaded all the documentation because

1. Didn’t realise how new the car was

2. It had something resolved under warranty at the main dealership in my ownership

Nothing wrong with any of my photos, description or documentation - all bang on. This happened when I phoned to arrange collection. I’m logging a complaint to report the dealers but still wasted hours of my time this week.

Auto810graphy

1,405 posts

93 months

Thursday 25th April
quotequote all
Chainedtomato said:
Anyone heard of a main dealer bidding on a car, winning, then backing out once you’ve uploaded all the documentation because

1. Didn’t realise how new the car was

2. It had something resolved under warranty at the main dealership in my ownership

Nothing wrong with any of my photos, description or documentation - all bang on. This happened when I phoned to arrange collection. I’m logging a complaint to report the dealers but still wasted hours of my time this week.
Sounds odd, if they had purchased from a conventional auction house they would have no way out unless there was a major issue with the car that was undisclosed.

Sounds to me like they over bid and wanted a way out.

Mark V GTD

2,231 posts

125 months

Friday 26th April
quotequote all
Presumably the age of the car was dislclosed in the auction particulars?

Chainedtomato

711 posts

106 months

Friday 26th April
quotequote all
Mark V GTD said:
Presumably the age of the car was dislclosed in the auction particulars?
Absolutely. All information supplied and cross checked before listing went live, reg in the photos, vin supplied etc. Been a shamble of an experience with them.

Basically a ‘group buyer’ bid on a car before checking if any of the dealerships actually want it. I accepted the bid then everything unraveled.