Tracker fitted as part of pcp deal
Discussion
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
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
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.
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!!
Only kidding. Sorry it ended that way tho.
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!!
Only kidding. Sorry it ended that way tho.
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.
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.
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
Barrie, isn’t this a very similar car, but on the mainland
https://www.autotrader.co.uk/car-details/202208198...
https://www.autotrader.co.uk/car-details/202208198...
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