Stone Cold Classics
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Kevin-sz0nv

Original Poster:

261 posts

135 months

Thursday 16th August 2018
quotequote all
Has anyone had any dealings with Wayne Lamport at the above company as I am considering letting him SOR my Lancia Montecarlo for me. He seems a nice genuine guy but any heads up is appreciated as we all know SOR can be problematic if their are any issues with a company.

Yertis

19,707 posts

295 months

Thursday 16th August 2018
quotequote all
What is "SOR"? confused

85Carrera

3,503 posts

266 months

Thursday 16th August 2018
quotequote all
Am guessing he means a commission sale.

Kevin-sz0nv

Original Poster:

261 posts

135 months

Thursday 16th August 2018
quotequote all
Where you leave your car with a dealer to sell on your behalf... Normally you agree the price you want for the car he then advertises it can take in a part ex or whatever and he keeps whatever he gets in excess of what you want SOR means sale or return... The main problem with this form of sale even though you should have a contract with the car dealer people have had their cars taken off forecourts by liquidation companies when the dealer has gone bust and some have actually lost out in this way! Yes company's can be searched online I was just wanting to know if anyone had any local knowledge or had any dealings with Wayne as I have never met him personally.

MDMA .

10,682 posts

130 months

Thursday 16th August 2018
quotequote all
Any reason for not selling it yourself? From what i can see, all SCC stock is way overpriced (possibly because all SOR) so you'd never get what you think market price is as it's just over inflated dealer prices.
Stick it on carsandclassics for a week or two and see what interest it gets.

_Sorted_

331 posts

106 months

Thursday 16th August 2018
quotequote all
Know nothing about this company, but would never recommend SOR. Seen too many people lose the entire value of their vehicle through liquidation of holding garage, fraud etc and so on.

Recommendation would be set up your own advertising campaign and keep control of your asset.

MitchT

17,114 posts

238 months

Thursday 16th August 2018
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How can a SOR vehicle be "liquidated" when a garage goes bust if it doesn't belong to the garage? Surely the liquidators would have to establish what belongs to whom and return what isn't an asset of the business to its rightful owner?

silentbrown

10,821 posts

145 months

Thursday 16th August 2018
quotequote all
MitchT said:
How can a SOR vehicle be "liquidated" when a garage goes bust if it doesn't belong to the garage? Surely the liquidators would have to establish what belongs to whom and return what isn't an asset of the business to its rightful owner?
Car gets sold, dealer delays payment to owner, company goes bust. Owner is then just another unsecured creditor. I think that's the worst case scenario.

Allan L

799 posts

134 months

Thursday 16th August 2018
quotequote all
Never come across this aspect of Sale or Return and normal selling on commission seems a much better bet for both buyer and seller. And better than selling it yourself.
The seller does not have to cope with the time-wasting phone calls from people who haven't read the ad properly and many other aspects of private sale that get nowhere and when someone goes to look at something else, he may just spot your car that's in stock and find that it interests him..
The buyer can expect the car to be road legal and insured for a test drive (if it's being sold as a goer) and when he goes to look he may just spot another car that's in stock that interests him.

Mr Tidy

31,227 posts

156 months

Friday 17th August 2018
quotequote all
I wouldn't consider SOR!

OK, if the dealer goes bust you may be able to get your car back as it is your asset - assuming you find out quick enough!

But I viewed a car being sold that way 4/5 years ago and the trader let me go for a test drive on my own - would you do that with your own car?

Mr Tidy

31,227 posts

156 months

Friday 17th August 2018
quotequote all
I wouldn't consider SOR!

OK, if the dealer goes bust you may be able to get your car back as it is your asset - assuming you find out quick enough!

But I viewed a car being sold that way 4/5 years ago and the trader let me go for a test drive on my own - would you do that with your own car?

Kevin-sz0nv

Original Poster:

261 posts

135 months

Friday 17th August 2018
quotequote all
Was really asking if anyone had any dealings or knowledge of this company not the ethics of SOR... Obviously they are not well known on here...

MDMA .

10,682 posts

130 months

Friday 17th August 2018
quotequote all
Kevin-sz0nv said:
Was really asking if anyone had any dealings or knowledge of this company not the ethics of SOR... Obviously they are not well known on here...
No naming/shaming of dealers allowed so you wouldn't really know if anyone had a bad experience with them smile there's a guy near me that buys classics. Mike Abbas. Give him a call and see what the offer is.

Du1point8

22,852 posts

221 months

Friday 17th August 2018
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This would be why people are reluctant to recommend SOR:

https://www.pistonheads.com/gassing/topic.asp?h=0&...

They had a decent rep before.

classicaholic

2,226 posts

99 months

Friday 17th August 2018
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If a company goes bust and the liquidator takes your car, expect min 2k legal fees to get it back, probably a lot more! Ask me how I know