Tracker fitted as part of pcp deal

Tracker fitted as part of pcp deal

Author
Discussion

fridaypassion

8,541 posts

228 months

Tuesday 9th August 2022
quotequote all
cowboyengineer said:
If you are happy with the car. I know a guy who can sort finance out for a private sale. Then you can just buy it from the guy directly.
You can do so with JBR via any broker

barriejames

Original Poster:

895 posts

179 months

Wednesday 10th August 2022
quotequote all
Update. The selling agent asked for am additional 2k for his admin time with finance questions to which I agreed. He was asked today to prove he has right to sell the vehicle or proof of ownership and purchase from the owner if owner is to be paid directly ( minus his selling fees,) Basically he has said no to both totally out of the question. So the deal is done finally broken. Thanks for everyone's input on this,onwards and upwards

davek_964

8,802 posts

175 months

Wednesday 10th August 2022
quotequote all
I suppose it doesn't matter if the deal is off now, but....

barriejames said:
The selling agent asked for am additional 2k for his admin time with finance questions to which I agreed.
WTAF???

m4tti

5,427 posts

155 months

Wednesday 10th August 2022
quotequote all
I think he was trying to tell Barrie this is a “cash only sale”, without using those words hehe

barriejames

Original Poster:

895 posts

179 months

Wednesday 10th August 2022
quotequote all
davek_964 said:
WTAF???
yes he said its cost me time answering the phone I'm.not greedy but I need another 2k!! Sad thing is I agreed!!

barriejames

Original Poster:

895 posts

179 months

Wednesday 10th August 2022
quotequote all
m4tti said:
I think he was trying to tell Barrie this is a “cash only sale”, without using those words hehe
He agreed to finance day one? if he wants a cash buyer at over 70k, 35k miles 2001 car with no warranty he might struggle.

renmure

4,235 posts

224 months

Wednesday 10th August 2022
quotequote all
barriejames said:
davek_964 said:
WTAF???
yes he said its cost me time answering the phone I'm.not greedy but I need another 2k!! Sad thing is I agreed!!
Phone me about mine.








Often!!


biggrin

Only kidding. Sorry it ended that way tho.



davek_964

8,802 posts

175 months

Wednesday 10th August 2022
quotequote all
barriejames said:
yes he said its cost me time answering the phone I'm.not greedy but I need another 2k!! Sad thing is I agreed!!
If a selling agent incurs cost - time or otherwise - in selling a vehicle, they should be discussing that with the person they're selling for. Not the buyer.

This entire thing got more wrong the longer it went on

m4tti

5,427 posts

155 months

Wednesday 10th August 2022
quotequote all
barriejames said:
He agreed to finance day one? if he wants a cash buyer at over 70k, 35k miles 2001 car with no warranty he might struggle.
Or try it this way.. he’s decided that anything apart from taking cash directly from the purchaser, regardless of how the purchaser has accumulated the cash, is too much grief for him.

To be fair I doubt many 20 year old Ferraris are financed like this.

barriejames

Original Poster:

895 posts

179 months

Wednesday 10th August 2022
quotequote all
renmure said:
Phone me about mine.



ha ha no worries at all, its been interesting to say the least. i think I'll take my money off to another car as to be honest this has been farcical.The selling agent said to my finance guy, Google me if you need evidence who I !am!!! Not sure that's how it works




Often!!


biggrin

Only kidding. Sorry it ended that way tho.

Stryke

635 posts

162 months

Wednesday 10th August 2022
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barriejames said:
Update. The selling agent asked for am additional 2k for his admin time with finance questions to which I agreed. He was asked today to prove he has right to sell the vehicle or proof of ownership and purchase from the owner if owner is to be paid directly ( minus his selling fees,) Basically he has said no to both totally out of the question. So the deal is done finally broken. Thanks for everyone's input on this,onwards and upwards
Madness, what a cheek asking for 2k for his time.

Wow.

Palmball

1,269 posts

174 months

Saturday 13th August 2022
quotequote all
Blimey.

I've dealt with JBR many times so feel compelled to comment and perhaps help here. I've funded 10's of cars through them and actually find their service the best of any finance company I've used (across 80+ cars). I do deal direct with them mind you, not through a broker. So, I might be a bit biased but how all this reads to me is not JBR's issue - they simply want to track their asset (I know they're unusual in this respect but I've never had a peep out of them and it gives me a free tracker to reduce my insurance with) and to ensure they are paying the actual owner of the car.

This seller seemed a bit finicky early on in the thread but as I kept on reading, and ultimately learning that the seller asked you for more cash, then that's just ridiculous and really proves they are the issue here.

To be more constructive, I've funded all sorts of cars through JBR from main dealers, independents, SOR and even private. They do the lot, but they do (obviously?) need real proof of ownership.

SOR is the trickiest but in every case they have always asked for the owner of the car, not the business providing the SOR services, to prove they own it. That is for the owner to provide them with;

- The V5
- The invoice from when they bought the car
- The record of payment showing it went out

Three very easy items for any responsible adult to provide and I've never failed getting these docs from owner to JBR through the seller (although one SOR seller who shall not be named sold me a 488 and was not very happy that this might give away what margin he was making...as if anyone bloody cares!). JBR then pay the owner their share (which can sometimes mean the owners finance company is part of that) and a separate invoice from the seller means they are paid their share separately at the same time.

OP, you seem to really want this car and the issues seem to be more with the intermediary than the car itself. As you are buying the car not trying to make a friend, it might be worth being extra tenacious with this and trying again (going against the grain here from those saying walk away; I disagree if this is THE car you really want).

So, per the process above is there any way you can explore JBR paying the owner directly and the seller their share separately? This would resolve all issues with the seller needing to buy the car first. It definitely works, I've done this numerous times.


As an aside, some main dealer groups are making dealing with third party funders purposefully very difficult. They seem more interested in selling the financial product than the car which frankly just makes me all the more motivated to source funding elsewhere. Sytner, for example, simply will not witness docs being signed on their promises so, for high value funding, one has no option but to go JBR's offices to sign. Seems specific to Sytner because this doesn't seem to be an issue with other dealer groups like Dick Lovett or Porsche Retail Group, and it's never been an issue with independents. On one recent deal I did at a Sytner dealer, my account manager drove a 300 mile round trip to witness the signature on their premises (to save me the trip to them) which is a good example of the kind of service I was talking about above.


Edited by Palmball on Sunday 14th August 22:13

m4tti

5,427 posts

155 months

Monday 22nd August 2022
quotequote all
Barrie, isn’t this a very similar car, but on the mainland

https://www.autotrader.co.uk/car-details/202208198...

barriejames

Original Poster:

895 posts

179 months

Sunday 28th August 2022
quotequote all
Well spotted . Fingers crossed I am inching close to getting it sorted,its not been an easy ride..Its just I have a thing for Giallo which I can't shake

Edited by barriejames on Sunday 28th August 14:36