Very interesting.
The 'Romalpa clause' is worth knowing if you're selling you're car on consignment.
Specific insurance rather than normal insurance is worth having..... just incase they go bust....!!🤷🏻♂️
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Points, I beleive came from my posting of my experiences when one of my cars was in storage and sold. You have to be careful as you may create an agency agreement with the dealer, and they may still pass the title on, without you being paid. So also include a clause that the car cannot be sold without your express agreement in writing, as well as a retention of title clause, thats helps when dealing with a claim on a storage insurance policy. Always seek legal advice and check out the contract terms and most importantly, although the sale of cars are usually slow moving, alwaya go see you car on a regular basis don't rely on telephone calls, or emails as to what's happening...go see your car. It's also worth ringing the dealer up anominously, and see how they present the car as a customers or their stock car..........I would never give the V5 or it;s unique reference number until I've received the agreed cleared sale proceeds in my bank account.
