11-03-2011, 08:52 AM | #1 |
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Cancelling a UK order
I am in a very awkward position. I ordered a 1M in July this year and it is due to arrive next week. It is becoming clear that I really cant afford this car. I am hugely embarrassed as I am not the sort of person that normally reneges on a deal.
My question is what are my options? What happens if I just refuse it at the dealers? Is there still a strong market for new 1Ms? Will they be able to sell the car easily enough? Am I better to buy the car from the dealer and then shift it on the private market? Any advice would be gratefully received at this point! |
11-03-2011, 09:16 AM | #2 | |
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11-03-2011, 09:23 AM | #4 |
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Speak to the dealer, there's a good chance they may be able to place it with someone else, in which case they may give you your deposit back.
I wouldn't try to sell it privately. |
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11-03-2011, 09:24 AM | #5 |
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Forgot to say, time is of the essence here, if they register the car then you're in a much weaker position. Good luck!
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11-03-2011, 09:28 AM | #6 |
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Well if you've only placed a deposit on the car (mine was fully refundable), then you are totally within your rights to say "sorry I don't want the car anymore".
I would simply tell them that your circumstances have changed (blame the markets, everyone else is ) and that you can no longer complete on the car. I certainly wouldn't take delivery of it and then try and sell it. Also, the dealer probably won't mind a bit as it's the sort of car that they'd like to stick in their showroom! |
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11-03-2011, 09:28 AM | #7 |
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Agree with that, it's not like it's an undesirable model but I wouldn't risk taking delivery as it'll add another owner onto the V5, and though unlikely you could be stuck with it for a while as there are plenty for sale on pistonheads. Good luck!
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11-03-2011, 09:45 AM | #8 |
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They, or you, shouldn't have a problem selling it. Especially in the U.K. since you ONLY GOT 450 units in TOTAL!
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11-03-2011, 11:12 AM | #9 |
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Defintely own up and be honest with the dealer.
If dealers are buying them from owners now for almost retail price then I can't see there being an issue for your dealer. However you may have more problems trying to sell it privately as there were a large number for sale on Autotrader recently. I'd expect potential buyers would go for a dealer car too over a private sale. |
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11-03-2011, 02:04 PM | #10 | |
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However, they'll have no problem selling the car - in fact, you could help by making a post here asking people looking for a 1M to contact you so you can introduce you. I would absolutely expect my deposit back in that situation. If you still need *a* car it is in their interest to keep you sweet - maybe you'll buy an ex-demo something else from them? Well done for being sensible.
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11-04-2011, 12:27 AM | #11 |
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I doubt you'd have a problem. So many people would be willing to buy it I'm sure.
Let them know and I wouldn't be surprised if your car was showcased with a premium. Best of luck |
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11-04-2011, 04:12 AM | #12 |
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Tell the dealer now and (from clived) - in fact, you could help by making a post here asking people looking for a 1M to contact you so you can introduce them. I would absolutely expect my deposit back in that situation.
Really hope it works out ok for you. |
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