[FONT=calibri"]Hi All,
[FONT=calibri"]When you have been selling your car for a six figure price tag, how have you protected the transaction?
[FONT=calibri"]Imagine the hypothetical situation where a dealer has your car in their showroom, is trying to sell your car on your behalf, finds a buyer, the buyer pays the dealer in full and drives the car away then… the dealer goes bankrupt (or runs off with the dosh) BEFORE he pays you. In that scenario you would end up with no car and no money.
[FONT=calibri"]
[FONT=calibri"]Is there any type of insurance which can be taken out to protect against this kind off loss or fraud?
[FONT=calibri"]
[FONT=calibri"]Is there any kind of legal mechanism – a bit like when you sell and buy a house – where a solicitor can act as a middle man in the car sale transaction?
[FONT=calibri"]
[FONT=calibri"]or is it just a case of finding a dealer who is 100% trustworthy?
[FONT=calibri"]
[FONT=calibri"]Any ideas?
[FONT=calibri"]
Tony.
[FONT=calibri"]When you have been selling your car for a six figure price tag, how have you protected the transaction?
[FONT=calibri"]Imagine the hypothetical situation where a dealer has your car in their showroom, is trying to sell your car on your behalf, finds a buyer, the buyer pays the dealer in full and drives the car away then… the dealer goes bankrupt (or runs off with the dosh) BEFORE he pays you. In that scenario you would end up with no car and no money.
[FONT=calibri"]
[FONT=calibri"]Is there any type of insurance which can be taken out to protect against this kind off loss or fraud?
[FONT=calibri"]
[FONT=calibri"]Is there any kind of legal mechanism – a bit like when you sell and buy a house – where a solicitor can act as a middle man in the car sale transaction?
[FONT=calibri"]
[FONT=calibri"]or is it just a case of finding a dealer who is 100% trustworthy?
[FONT=calibri"]
[FONT=calibri"]Any ideas?
[FONT=calibri"]
Tony.