Buying a £40,000 classic car
Discussion
Without going into too many details, I'm currently looking buying a classic sports car around the £40k mark.
I'm viewing two this weekend, one is at a fairly large dealer which sells a few specialist brands plus a range of classics, the other at a smaller dealer but still with a good selection of classics.
If I buy I'll be asking to have it delivered as both are quite far from home and I don't want to drive it miles on motorways through winter weather. The larger dealer have their own covered delivery service, the smaller one can arrange it with a third party.
What I'm worried about, given a couple of recent high profile collapses of specialist dealers, is transferring them a significant amount of money and trusting that the car will be delivered.
How can I protect myself?
At what stage of the deal should I release the money?
Am I better arranging my own delivery service and only transferring the balance once my guy has the car ready to load up?
I'm viewing two this weekend, one is at a fairly large dealer which sells a few specialist brands plus a range of classics, the other at a smaller dealer but still with a good selection of classics.
If I buy I'll be asking to have it delivered as both are quite far from home and I don't want to drive it miles on motorways through winter weather. The larger dealer have their own covered delivery service, the smaller one can arrange it with a third party.
What I'm worried about, given a couple of recent high profile collapses of specialist dealers, is transferring them a significant amount of money and trusting that the car will be delivered.
How can I protect myself?
At what stage of the deal should I release the money?
Am I better arranging my own delivery service and only transferring the balance once my guy has the car ready to load up?
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