Price increase after deposit

[irishaaron]

Hi all I've been silently on this forum for a while now and am enjoying the great advice avaliable.


My van has finally arrived after a lengthy wait today but I cannot get it yet.

Unfortunately the timing hasn't worked out im currently buying my first property and have had my morgage accepted and im waiting for current owners to emergrate towards the end of april, my problem is I've been given strict instructions from my morgage advisor not to take out any finance until i have the keys for the house, which is fair enough but my dealer has said that if i do not pickup/purchase the van by the 15th of march vw will add there price increase of about £1200 to my orginal price, i figured i will just have to swallow it but b4 i do i would like to have any thoughts if that seems right?.


Thanks in advance.

 

[BognorMotors]

All 'old' price vehicles have to be registered before March 17th to get the price protection. If they arrive after the 17th, they have to be registered within two weeks of landing in the UK. There is nothing you can do about this unfortunately.

 

[Roadrunner]

That sounds like bad timing does not sound like the luck of the Irish is with you

 

[Pauly]

Yeah that definitely sucks

 

[irishaaron]

Well i got a better price on the house so ill have to pay it, Bognor the van is already registered (well has a 17 plate) my first new vehicle so I've no idea but wouldnt the dealer have already paid for it at this stage.

 

[Pauly]

That's a good point I thought as soon as its registered it goes fully paid

 

[Captain Mainwaring]

Does it state in the contract of sale or the covering letter that you would have to pay more if you took the van after 15th April? If not, then you have a binding contract at an agreed price and he cannot legally increase the price to you. To be fair it is not reasonable hold off until taking it until April as the dealer has paid for it and will be including it in his March revenue, but there is definitely a negotiation to be had

 

[HootingOwl]

Can you get someone else to front a bridging loan for you, for two months? Lots of folks with savings getting sweet fa in the bank. They pay for your van - give then a receipt showing that they have paid for it and are the legal owners, but keep the v5 in your name. After two months, you take out a loan and pay them back. Or if they are good friends, pay them every month at say 5% interest.

 

[Roadrunner]

Can you get someone else to front a bridging loan for you, for two months? Lots of folks with savings getting sweet fa in the bank. They pay for your van - give then a receipt showing that they have paid for it and are the legal owners, but keep the v5 in your name. After two months, you take out a loan and pay them back. Or if they are good friends, pay them every month at say 5% interest.

Not a good idea, I'd be driving the van around