I have recently sold my Lexus LS400 that was in the classified.
A 'gentleman' came and saw the car yesterday afternoon.
He did the usual checks etc, I took him for a test drive and then he drove it for a while.
Totally satisfied with the car, and was extremely keen to buy it. He agreed to pay the asking price, and I threw in the road tax as a gesture of 'good will' in the deal.
Anyway, before he came to see the car, I had explained that it was advertised on an auction (that finished on sunday). He explained that he was due to go on a holiday for a just over a week the following day, and as such could leave a deposit, and pay the balance upon collection.
So we had agreed a deal, and payment terms (I have draughted two copies of a receipt to detail conditions of sale, eg non-refundable cheque received as deposit, subject to clearance and payment terms (ie, car to be collected before xx date etc)
All was fine, deal was shaken upon, and both of us have an identical copy of the receipt, signed by both parties. He left me a 'deposit' of £500, payed via cheque. I didn't see this as a particular problem, as the cheque should have cleared before the collection (in a little over a week).
Nice easy transaction, both parties happy, and a good sounding home (he was an retired ex-toyota mechanic who had always wanted one blah blah blah)
Receive a telephone call this morning, and he informs me that he wants to pull out of the deal. The reason he gives me is that 'the insurance cost is prohibitive'.
I ask him why that is, after all, I am considerably younger than this guy, who lives in Milton Keynes (should be much cheaper than what I am paying!)
He apparantly has 12 years trouble free motoring, maximum no-claims, a garage, is retired and covers very low mileage etc etc.
I know that he is either lying, or has not phoned enough insurance companies, or whatever. At the end of the day, it is not my problem/responsibility to arrange insurance.
After my suggestion that he should perhaps try telephoning a few more insurance companies, he agrees to phone me back.
When he phones me back, he informs me that he has stopped the cheque that he presented. I inform him that I have already paid it in, and comment that this was not a very honest way of doing business. He makes a few unpleasant comments, and that is the end of the conversation.
The situation that I am now in is the following:
I have already withdrawn the car from all advertised places (including ebay etc) and have replied to emails from people with the effect of it having been already sold etc.
I am now doubtful as to the level of interest I will recieve when I re-list it (people may think that I am the timewaster, or that the car was no good etc).
I may not even get the price that I am looking for/need for the car!
So I am not happy!
He has wasted time, money, petrol, effort and most significantly has jeopardised my chances of selling the car for the price that it deserves.
What would you do?!?!?
Will
A 'gentleman' came and saw the car yesterday afternoon.
He did the usual checks etc, I took him for a test drive and then he drove it for a while.
Totally satisfied with the car, and was extremely keen to buy it. He agreed to pay the asking price, and I threw in the road tax as a gesture of 'good will' in the deal.
Anyway, before he came to see the car, I had explained that it was advertised on an auction (that finished on sunday). He explained that he was due to go on a holiday for a just over a week the following day, and as such could leave a deposit, and pay the balance upon collection.
So we had agreed a deal, and payment terms (I have draughted two copies of a receipt to detail conditions of sale, eg non-refundable cheque received as deposit, subject to clearance and payment terms (ie, car to be collected before xx date etc)
All was fine, deal was shaken upon, and both of us have an identical copy of the receipt, signed by both parties. He left me a 'deposit' of £500, payed via cheque. I didn't see this as a particular problem, as the cheque should have cleared before the collection (in a little over a week).
Nice easy transaction, both parties happy, and a good sounding home (he was an retired ex-toyota mechanic who had always wanted one blah blah blah)
Receive a telephone call this morning, and he informs me that he wants to pull out of the deal. The reason he gives me is that 'the insurance cost is prohibitive'.
I ask him why that is, after all, I am considerably younger than this guy, who lives in Milton Keynes (should be much cheaper than what I am paying!)
He apparantly has 12 years trouble free motoring, maximum no-claims, a garage, is retired and covers very low mileage etc etc.
I know that he is either lying, or has not phoned enough insurance companies, or whatever. At the end of the day, it is not my problem/responsibility to arrange insurance.
After my suggestion that he should perhaps try telephoning a few more insurance companies, he agrees to phone me back.
When he phones me back, he informs me that he has stopped the cheque that he presented. I inform him that I have already paid it in, and comment that this was not a very honest way of doing business. He makes a few unpleasant comments, and that is the end of the conversation.
The situation that I am now in is the following:
I have already withdrawn the car from all advertised places (including ebay etc) and have replied to emails from people with the effect of it having been already sold etc.
I am now doubtful as to the level of interest I will recieve when I re-list it (people may think that I am the timewaster, or that the car was no good etc).
I may not even get the price that I am looking for/need for the car!
So I am not happy!
He has wasted time, money, petrol, effort and most significantly has jeopardised my chances of selling the car for the price that it deserves.
What would you do?!?!?
Will