I'm about to buy a used car for the first time and after a long research I've found one.
The seller told me the car is leased and he has to clear the leasing contract first, but he only wants to do it if I'm really buying the car.
I will check and test-drive the car and then make my final decision. The seller proposed the following:
If I decide to buy the car, I pay upfront half of it in cash* and we would make a sealing contract that tells:
- advance of the payment
- settle of the leasing and cancel of the grey card
Once the car is "free", I'll pay the rest of it and then the owner will send me stamped grey card so I can get insurance and plates. Once I get the plates I will go get the car and it's done.
Is this process OK or is there a risk involved? Sorry for this silly question
* - I pay in cash since it will be weekend
I'd run a mile, personally.
Reason is that the seller doesn't want to free the leasing if I suddenly back off and don't want to buy the car so it's more like a guarantee for him
Set up the contract now, include a clause that automatically and unconditionally nullifies the contract if the car hasn't been delivered within X days; both sign now. The seller then ends the lease and buys the car. Then cash the cash is exchanged for the car plus grey card. If you change your mind he can sue you based on the contract, but the onus will be on him rather than on you.
Walk away if that's not good enough.
However, how you protect yourself is the question.
Ask him to hand over to you something of equivalent value to hold as security until the deal is completed maybe, a watch, jewellery or similar ?
We got the cancelled grey card the next day in the mail.
Tom
When I've bought 2nd hand cars before, I was always without a vehicle - this time I have the old grey card & plates. Curious if I go to another canton and visit a dealer for a 2nd hand car, can I view it and decide on it there on the spot - pay in cash, notify my insurance (in advance?) of new car and drive off with plates of my old car?
Tom
See here for details (Canton Vaud, in French):
https://www.vd.ch/prestation-detail/...e-de-circuler/
Short example in English:
Print two forms 1311
Fill in details.
Call insurance to get quote.
Address envelope to SAN, put an A-post stamp on it.
Put gray car of old vehicle into envelope (if not stamped invalid).
Put gray card or form. 13.20 a of new vehicle into envelope.
Put one of the filled in and signed copies of form 1311 in the envelope.
Close and seal envelope, and post letter.
Mount old license plate on new car.
Keep other signed copy of form 1311 in vehicle.
Drive.
Print two forms 1311
1) Fill in details.
2) Call insurance to get quote.
3) Address envelope to SAN, put an A-post stamp on it.
4) Put gray car of old vehicle into envelope (if not stamped invalid).
5) Put gray card or form 13.20 a of new vehicle into envelope.
6) Put one of the filled in and signed copies of form 1311 in the envelope.
7) Close and seal envelope, and post letter.
8) Mount old license plate on new car.
9) Keep other signed copy of form 1311 in vehicle.
Tom
PS: Instead of mailing the letter with A-Post you can also fill in the two copies of the forms and drive to the SAN, at very the same day, and get a new gray card on the spot. This allows you to drive abroad sooner. Draw back: it is not possible on weekend days and you must do it on the same day as you mounted the plates.