Contigo
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Had a long chat with a friend about S.O.R with a specialist or MD and the horror stories came up of unfortunate people who have in the past been burnt by the bankruptcy or liquidation of a car salesroom whilst they had many peoples cars on S.O.R basis and resulted in folk actually losing the full value of the car or a large portion of it.
We don't know how close any garage is to closing their doors and filing for bankruptcy so do make sure if you go down the route of S.O.R that there is a valid agreement signed which mitigates any risk of losing your vehicle. If you have any doubts about the authenticity and validity of said agreement then seek legal advice.
On the other hand it also pays to do due diligence on anything we are buying to prevent us from buying stolen goods. These crooks have no conscience and would willingly sell us someone else's car!
Here's one story which needs to be a lesson for all.
http://www.manchestereveningnews.co...ockport-police-seized-stolen-porsche-12038164
http://www.manchestereveningnews.co...video-luxury-cars-including-ferraris-10333193
Also a steal back scam from a BMW main dealer salesperson.
http://www.dailymail.co.uk/news/article-4792988/BMW-salesman-steal-scam-jailed-5-years.html
We don't know how close any garage is to closing their doors and filing for bankruptcy so do make sure if you go down the route of S.O.R that there is a valid agreement signed which mitigates any risk of losing your vehicle. If you have any doubts about the authenticity and validity of said agreement then seek legal advice.
On the other hand it also pays to do due diligence on anything we are buying to prevent us from buying stolen goods. These crooks have no conscience and would willingly sell us someone else's car!
Here's one story which needs to be a lesson for all.
http://www.manchestereveningnews.co...ockport-police-seized-stolen-porsche-12038164
http://www.manchestereveningnews.co...video-luxury-cars-including-ferraris-10333193
Also a steal back scam from a BMW main dealer salesperson.
http://www.dailymail.co.uk/news/article-4792988/BMW-salesman-steal-scam-jailed-5-years.html