Hi
The old man owns a 61 plate Auris HSD and went to the Toyota dealership last Saturday with a possible view to downsize. Saw a 13 plate YARIS HSD with price of £13.5k, put a 1k deposit down and signed on dotted line.
A day later he called me to say hes having cold feet and is going to change his mind. I warned him that he will not get all his money back.
Turns out that its company policy that if you want to reject a car , the cost is 10% of the car. As he paid 1k, 10% means an extra £350 for him to get out of the contract.
An alternative is to buy another Toyota. There is no cooling off period as he physically went to the dealership , test drove the car and thrashed out a good deal on both the car and the px.
I rang the dealership todaywho confirmed to me that its company policy to charge 10% of the car if someone wants to back out of the deal in these circumstances. If the deal was over the phone for example then it would be different. I rang trading standards and they confirm this too.
Now it transpires he wants to buy a current shape Auris HSD (which is bigger) which means the cost to change is considerably more.
My advice to him would be either to buy the Yaris (for another 4k) or pay up the contract and certainly not buy a 2012-present Auris HSD which would entail another 8-10k which diminishes all idea of downsizing.
There is really nothing wrong with his current Auris which is under warranty until 2016. I recommended weeks ago that he should consider a smaller car as he is in his mid seventies and it would be wise to save some costs.
Furthermore, present company excepted, the family a bunch of cack handed motorists where scuffed alloys and bumpers is usually the order of the day so a smaller car would be cheaper to fix.
So back to the question: Buy the smaller car or pay up the contract for an extra £350 thus losing £1350 or buy a new Auris.
Edited by pork_pie on 06/03/2015 at 17:30
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