Tycoon sues exclusive Park Royal dealership
Tycoon sues exclusive Park Royal dealership
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Bunty Killa

Original Poster:

531 posts

220 months

Friday 26th January 2018
quotequote all
An exclusive car dealership is being sued by a property tycoon in a dispute over a £3.4 million supercar.

Multi-millionaire Tufan Kalman splashed out on a Pagani Zonda 760 Coupé — as the owner of only a handful of the custom-built Italian sportscars ever built — in February last year.

F1 star Lewis Hamilton is among the owners of a 760-series Zonda, which boasts a top speed of 218mph and is the most powerful of the car range that can be legally driven on UK roads.

However, Mr Kalman claims his supercar “cannot be used” because Park Royal-based dealership Pagani UK Ltd has failed to provide him with UK registration documents.

The Turkish businessman, in a High Court writ, is demanding the firm return the 3.85 million (£3.4 million) — plus interest — he paid for the car.

He claims that without the UK paperwork, he cannot register the vehicle in Switzerland where he lives. “To date Pagani UK Ltd has neither delivered the registration documents nor repaid the purchase price,” he says.

Mr Kalman argues he is entitled to rescind the contract and claim his money back, alleging the dealership “offered to refund the purchase price if they did not deliver the original UK documents by the end of September 2017”.

“There is no legal basis allowing the defendant to keep the purchase price,” the writ adds.

Mr Kalman is also demanding eight per cent interest on his money from November last year, and wants to be paid back in euros due to the fall in value of the pound.

A spokesperson for the dealership said it was aware of the legal proceedings and has instructed lawyers.

“We do know about it. Nothing is anywhere near as black and white as it looks on paper,” she said.

“We did supply Mr Kalman a Pagani Zonda which he accepted delivery of and he had it shipped overseas. Unfortunately I cannot comment on the other matter.”

Pagani UK Ltd’s defence statement is not yet available from the court and the allegations have not been tested before a judge.

https://www.msn.com/en-gb/cars/news/propery-tycoon...





Edited by Bunty Killa on Friday 26th January 09:37

WCZ

11,245 posts

215 months

Friday 26th January 2018
quotequote all
8% interest!

PompeyReece

1,587 posts

110 months

Friday 26th January 2018
quotequote all
Look forward to seeing how this one pans out.

There are two sides to every story and so far, we've heard one biggrin

rsbmw

3,466 posts

126 months

Friday 26th January 2018
quotequote all
If it's as clear cut as described, 8% seems fair. One would assume a multi millionaire tycoon is savvy enough with money to have earned that on it elsewhere.

Bunty Killa

Original Poster:

531 posts

220 months

Friday 26th January 2018
quotequote all
I'm shocked at the price tag! I thought it would have been half of that

Yipper

5,964 posts

111 months

Friday 26th January 2018
quotequote all
Sounds like buyer's regret and desperately trying to claw some money back...

AndStilliRise

2,295 posts

137 months

Friday 26th January 2018
quotequote all
Yipper said:
Sounds like buyer's regret and desperately trying to claw some money back...
Could be, although i would argue at that level, he would know what he is doing. In fact, at that level, one of his garage staff would have bought it for him.

Oh hang on, the username.

Andy M

3,755 posts

280 months

Friday 26th January 2018
quotequote all
WCZ said:
8% interest!
Statutory interest.

Stryke

642 posts

183 months

Friday 26th January 2018
quotequote all
Bunty Killa said:
and wants to be paid back in euros due to the fall in value of the pound.
Good luck with that one!

PAUL500

3,124 posts

267 months

Saturday 27th January 2018
quotequote all
Sounds like he bought it as an export, so no UK duties paid ( and thus not UK registered either) then found the Swiss would not allow it to be registered there as a result, and now regrets not paying the UK duties and having it first registered here so that it could in fact then be used in Switzerland as a used vehicle?

Paracetamol

4,258 posts

265 months

Saturday 27th January 2018
quotequote all
or a dealer never did what they promissed they would do shocker...

worth noting that I recall there being an issue with registering a non registered one of these in the EU due to emission compliance or something...maybe they got caught out..