Talk Morgan Forums Morgan Sports Cars Classic Morgans (pre-CX) Morgan selling experience

Let’s hope Simon8201 job is safe and he doesn’t have to sell his Morgan

There are some topics i don't joke about. i hope the best for him.

A very unfortunate position to be in, I'm sure most of us have been there at some point in our lives. I tend to believe from experience that many things are meant to be, no matter what you do to mitigate. Often, what may be deemed to be necessary and often drastic action at the time, does not always have a long term negative consequence but often works to our long term advantage, as we often under these circumstances reflect and reassess what's important in our lives. Best of luck with everything, whatever you choose to do..

Thanks everyone, no I wasn't having a laugh but I guess the pun must have been subconscious. Anyway, I think I probably will sell, I'm going to have a chat with the local dealer to see what they think, and a member on here expressed an interest.
Just to explain a bit further, I'm an ex guard who currently works in a rural Devon booking office so our jobs are very much under threat. I'm basically trying to get my ducks in a line and if the worst comes I'll have the Morgan money and any severance from the railway. Our latest offer promises no compulsory redundancies until Dec 2024 but that hasn't been voted on yet

When you come to sell it, get that Mr Lynch chap to do the negotiating for you. That way you will be able to keep it for years!

Just an update, had a chat with the local dealer who is going to assess it and market it on my behalf. Will update when it's for sale assuming they're happy with the condition and I'm ok with the valuation. Hopefully I'll have positive news before long!

There can be issues related to selling and I suspect it may be best to make one`s self aware of the pitfalls before engaging in the process, and the pitfalls can be a total loss of a vehicle, it being sold by a third party in the case of a ... Sale Or Return agreement (SOR)... where the car "showroom" may be just crooked, or a dealership with financial issues, of which there may be a few given pressures relating to Covid, baby natural boomer population reduction, and of course potential climate change perceptions affecting the Market for Classics...?

There are records of one NON-MORGAN car dealer who had strong links with the club for the marque he was dealing in, and over many years. He was also strongly associated with the marque through Classic press articles, it seems he may have had less than above board dealings with very many SOR vehicles amounting to unbelievable sums of money measured at over a Million pounds. All of which was a sad story indeed...?

Through no more than word of mouth, I heard of a closer to home SOR tale where the car was sold, the new owner contacted the previous owner, to ask questions in a situation where the previous owner had not been made aware of the sale by the dealership... On contacting the dealership you can imagine the excuses.... Ultimately it seems in order to resolve the situation with minimum fuss, the previous owner ended up accepting part cash and another car just to get out of the deal with something...!

I am NO lawyer so best research for yourselves..

The wording in SOR situations can be less than well read or understood, as in some situations you are handing over a degree of ownership the the dealer under which if he is a crook, it seems you may risk ending up with nothing, the police being less than interested, and your former car is now legally owned by the person who bought it from the dealership...?

Another tale I read of and if my memory might be of it might be correct, was where the owner of the vehicle which went "missing" the owner had fortunately had taken out insurance specifically related to storage (?) and thus was able to claim under that policy when his car disappeared from the dealers premises whereas others whose cars were "lost" at the same location are seemingly waiting for the outcome of a very long and arduous bankruptcy (?) court case with expectations of perhaps pennies paid out on the pound IF indeed there is anything left once the legal eagles have been paid their fees.....?

A very interesting read.

The storage insurance is an important factor that many overlook, normal insurance will not cover storage at a third party so if your vehicle goes into storage or is at a third party premises you will have to claim against that parties insurance (whatever that is) if something should happen.

Depending on the hope that the car you left in a dealership under a SOR agreement might be covered by that dealerships insurance for anything, if/ when they may have become crooked, have cash flow problems, or worse, seems to be just a tad on the risky side..?

I suspect in the case of a failed business that perhaps the inland revenue would seek to have preferential treatment as a creditor...? Yeah, perhaps best to be adequately insured..?

p.s. I also have no connections to insurance companies as anything other than a customer.