In the UK Porsche market here is a bit of a tale of quite a few folk sustaining losses relative to Sale or Return contracts (SOR) at one particular dealership which seems to have gone rogue. The scale of it seems quite amazing, and the likely outcome for all those involved seems rather bleak, as the only folk who seem likely to profit may be the legal and financial teams involved in the processes. There were a lot of in`s and out`s, twists and turns discussed, and it springs to mind that at least one chap had insured himself against any issues arising relative to the SOR contract...?
It seems SOR issues are none too uncommon, perhaps best to read and understand whatever contract you sign on to CAREFULLY...?
Although I was promised a Sales/Commission Agreement via email, and despite regular requests, I never received one. The best I got was an email stating - 'We will do our best to achieve the full asking price for your car but should we receive an offer below the asking price from potential buyer this offer will be submitted to you for your consideration and approval before a sale is agreed. We will review the pricing and marketing every 6 weeks if not sold. Title to the car remains with you until the balance is settled in full. Your car is fully and comprehensively insured with us whilst it is for sale and for test drives so you can cancel your own insurance if you wish.
If interested in the SOR issues I refer to, you could perhaps try a search
Specialist cars of Malton, Gmund cars, Andrew Mearns...All related.
