What does it mean by sold as trade sale?

s_b

trade sale =
being able to prove your are a trader either by being known to him as such or more usually showing your certificate of motor trade insurance policy
in this case the dealer is trying to mitigate his losses by advising that car has many faults but he only has to miss one not listed and car would come under consumer law
its recommended that if he wants to sell it to you as spares or repairs he says just this on his invoice ,makes it a condition of sale the vehicle is trailered away and he also disposes of the paper copy of the mot

EdGasket

Seconded. Plus "C class estate around 2003-2004" are no good. After the earlier W202 C class, MB in their infinite wisdom went from using a duplex chain to a simplex chain. lots of smashed engines at around 70K miles plus due to slipping timing gear.

For first car and knowing nothing about mechanics; don't buy a Merc, especially not a W203!!! Get a Toyota Corolla.

bigjl

s_b wrote: »

trade sale =
being able to prove your are a trader either by being known to him as such or more usually showing your certificate of motor trade insurance policy
in this case the dealer is trying to mitigate his losses by advising that car has many faults but he only has to miss one not listed and car would come under consumer law
its recommended that if he wants to sell it to you as spares or repairs he says just this on his invoice ,makes it a condition of sale the vehicle is trailered away and he also disposes of the paper copy of the mot

What is the significance of showing traders insurance?

If somebody says they are a trader then they are a trader, as a non reader could purchase traders Insurance, it's not uncommon for criminally motivated individuals to use traders insurance to allow multiple people to have their car shown on MiD using it, if a trader has a car more than a specific amount of time you have to declare it and it goes on MiD.

And what difference does throwing away the MOT paperwork? It isn't a certificate or anything, pretty much just confirmation that a test was done rather?

bigjl

CKhalvashi wrote: »

I bought a Focus from a scrap yard, and the guy that sold it (family friend) was adament that the invoice was going into my Ltd company name, and I bought the car from the company for the same amount as it was purchased.

May seem stupid, but there was about £400 needed to be spent (windscreen and 2 tires), and he wasn't willing to take the risk I'd come back to him with a bill (especially as I'd only paid £350 for the car).

Can't help other than that, but is there any way that you can make it a genuine sale to a business, rather than to you privately?

Trade sales and buying repairable cars from salvage for a bargain price used to be a way for the mechanically minded to get a better car for cheaps.

Now everybody is an Internet lawyer and crying about their rights and want their cake and to eat it, and eat yours aswell, if you won't hand it over they will sue you telling whatever lies needed to get them something for nothing.

The fact that these people would often paint themselves as the wronged party sticks in the throat.

What generally happens now is people buy a car, push the price through the floor, and then if it doesn't perform like brand new one then they want their money back and compensation.

Back in the day you would get the odd one that would buy a car then after a week or two shout about wanting their money back, what they actually wanted was a free car for a couple of weeks.

There are dishonest sellers, but imho there are many more dishonest buyers.

I once saw a similar kind of half with arguing with auction staff that the car he had bought a couple of days before at auction had mechanical issues, he wanted them to fix it or refund in full, it was actually quite funny to watch.

What I can sure of is of I had to sell a car I would now rather sell a car to WBAC or WWAC and take a hit rather than deal with them.

JJ_Egan

Mostly dealers sell to the trade cars they don't want to sell themselves .

The trader will look at the car and price it and take all risks .As they are buying all the time these are the guys that actually determine the real book price . Some will buy and sell on themselves others buy and sell to other car dealers . Sometimes a nail is bought and whipped through the auction for a small profit .
However as the difference between a trader and the OP is that they will handle many cars and can take a loss whereas the OP does not know the ins and outs and should steer clear.

Exemplar

Wow - just looked at this thread. At least the dealer has been up front (which is more than can be said of a lot of dealers/ private sellers). As stated the sat nav is up the swanny. Looking at 2nd hand ebay has one for £300 http://www.ebay.co.uk/itm/MERCEDES-CLS-E-CLASS-COMAND-HEADUNIT-Sat-Nav-Navigation-DVD-W219-W211-/172134133521?hash=item2813fe6f11:g:z0wAAOSwr7ZW5xuP there are cheaper/ more expensive ones. That's a good chunk of that cars sale value. etc...

s_b

bigjl wrote: »

What is the significance of showing traders insurance? you were in the trade you would know as such that by showing insurance it proves its a trade to trade business transaction so there is no recourse for buyer to claim under consumer law

If somebody says they are a trader then they are a trader, as a non reader could purchase traders Insurance, it's not uncommon for criminally motivated individuals to use traders insurance to allow multiple people to have their car shown on MiD using it, if a trader has a car more than a specific amount of time you have to declare it and it goes on MiD see my reasons above.

And what difference does throwing away the MOT paperwork? It isn't a certificate or anything, pretty much just confirmation that a test was done rather?

by refusing to furnish the current mot certificate you are ensuring as a trader on trade to trade terms that it was not in your terms and conditions that car could go on the road and needed trailering away, this is all in my wording if you cared to read it


to summarise
never buy a car on trade terms unless you know what you are doing
never sell a car on trade terms unless you use due diligence as ive explained above or you lay yourself open to the laws of the larrrnd

bigjl

s_b wrote: »

by refusing to furnish the current mot certificate you are ensuring as a trader on trade to trade terms that it was not in your terms and conditions that car could go on the road and needed trailering away, this is all in my wording if you cared to read it


to summarise
never buy a car on trade terms unless you know what you are doing
never sell a car on trade terms unless you use due diligence as ive explained above or you lay yourself open to the laws of the larrrnd

To summarise there is no such thing as an MOT Certificate.

I must admit I don't remember anybody at any time showing their Traders Insurance to another Trader when doing a deal. An invoice or receipt or an invoice yes, but showing each other their Traders Policy like it form some kind of ID or proof of being anything other than the holder of a Traders Policy is fantasy.

Did you used to show you Traders Policy?

MOTs are online, the bit of scrap paper you are given is nothing more than proof you took it there. The validity of the MOT is found online, even when MOT Certs where around you could simply find out where the car was MOTed and get a nice fresh copy.

s_b

ive just spent 10 minutes of my life re explaining the reasons but you seem to want to argue the points, so lifes too short
to any aspiring motor trader out there heed my words because they are based on nearly 40 years of motor trading

BeenThroughItAll

s_b wrote: »

to any aspiring motor trader out there heed my words because they are based on nearly 40 years of motor trading

40 years of trading doesn't change the fact that the MOT certificate hasn't been a 'certificate' for years.