GMUND Cars and current scary experience

Ghost said:

Anyone know the outcome of this story? Have been talking to Andrew about a car sale on SOR and he comes across as very straight forward.

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crash7 said:

Ghost said:

Anyone know the outcome of this story? Have been talking to Andrew about a car sale on SOR and he comes across as very straight forward.

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Each to their own but I see this as madness! - One horror story is one to many.

There are truckloads of dealers out there that will do a SOR for you why take the risk!!

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Ghost said:

crash7 said:

Ghost said:

Anyone know the outcome of this story? Have been talking to Andrew about a car sale on SOR and he comes across as very straight forward.

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Each to their own but I see this as madness! - One horror story is one to many.

There are truckloads of dealers out there that will do a SOR for you why take the risk!!

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Started talking to them before this thread came to light, so wasn't aware of concerns.

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Phil 997 said:

All I can say is if someone had my car or 75k of my money , trust me they would not for very long, as the boys and I would be having a friendly chat with them. 8) :x 8)

Seems strange that owed that sort of money but no mention of going to face to face them, and just accepting a fob off on the phone, maybe over a couple of grand but not that sort of money , I would be down there pronto and leaving with car or dosh :grin: :thumb:

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Robertb said:

What is the legal position on buying a car in good faith on SOR when the money has not been passed to the seller by the dealer?

Effectively the car has been stolen, no?

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breezer_boy said:

I bought a 996 Turbo S Cab back in April 2014 from Gmund. It was a stretch at the time but the car was right and at 17k miles it was a hoped investment. It was and due to an unexpected tax bill, I talked with Andrew in Oct 2016 regarding selling on my behalf for a commission. He proposed a sale or return deal that seemed reasonable and offered to collect the car within the same afternoon which I went with and then called back as I felt I need some time to think over and assure myself I was doing the correct thing. Andrew assured me that the truck was already en-route, but not to worry as they wouldn't sell the car without my consent and agreement on price. So it went (with 21k miles now on the clock) and I remained unsure, but as it was winter didn't think buyers would queuing at his door. After an offer that I declined and confirmed that no longer want to sell, he told me that the he had all but sold the car and it would be difficult to go back on the sale. 3 months later I can't get hold of him and his staff refuse to tell me anything. I have a solicitor involved and he has refrained from responding so far. I'm totally shocked as he was great and seemed so honourable. He dealt with any post sale queries in 2014 and has been welcoming and very helpful since then. Ive visited Gmund during a recent porsche club (North East) meet and really had no worries about his integrity. Now I'm dumbstruck and regretting letting the car on to the truck last Oct. It's now with my solicitors. Worried and shocked doesn't describe my current state. out of pocket now for the value of £75k and an unknown outcome. I have no idea if he's going bust, is in cash flow trouble or just un professional. The car has increased in value roughly £5k since he took it and I just want my car back. Anyone else had similar experience. Also welcome any advice on how to proceed in recovering the car..

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Phil 997 said:

All I can say is if someone had my car or 75k of my money , trust me they would not for very long, as the boys and I would be having a friendly chat with them. 8) :x 8)

Seems strange that owed that sort of money but no mention of going to face to face them, and just accepting a fob off on the phone, maybe over a couple of grand but not that sort of money , I would be down there pronto and leaving with car or dosh :grin: :thumb:

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C4-STORM said:

Robertb said:

What is the legal position on buying a car in good faith on SOR when the money has not been passed to the seller by the dealer?

Effectively the car has been stolen, no?

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This is the trouble with SOR arrangements.

When the dealer sells, the end user can be exposed as the dealer does not have clear title at the point of sale. Same principle applies with car finance. The finance company owns the vehicle so if the vehicle is traded in as a part exchange but the dealer fails to settle the finance, when the car is sold it still belongs to the finance company and can be recovered. Difference is an HPI due diligence check will flag up a car on finance but not a car on SOR (unless it is manufacturer supplied to dealer in which case they mark it with an alert).

With regards to brokers, paperwork/contracts are key. A broker is effectively acting as a 'middleman' and assisting with the sale from the seller to the new owner, a percentage of the sale price or a fixed fee is factored within the broker's/seller's contract. They handle the transaction on behalf of the seller.

People have been caught wide open on this from legitimate dealers purchasing stock within the trade (from other traders) which hasn't been paid for to customers being able to display their cars on a dealers forecourt on SOR basis with no paperwork.

Have come across it loads of times even helped a customer who was being taken to court by a finance company for non payment of arrears when their car was displayed on an independent trader's forecourt and he had 'promised' to settle her finance..

Unless they are absolutely dependable I would steer well clear personally
:thumb:

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