Advice please........

Ducman491 · Dec 30, 2005

I don't know about anybody else but I am dying to see pics of this car if everything goes your way. The suspense is killing me. Oh yeah, I would say go there and take the other helpful F-chatter to help wade through the unfamiliar paperwork. Good luck.

Glassman · Dec 31, 2005

riverflyer said:

OK, lets just say you have a deal going with the following circumstance.

You have found a car in europe, a really nice vintage car that has been in private collection for the last 7 years. It is a fairly limited production model (100 examples made)that is hard to find, let alone for sale in your favorite colors and in excellent condition!
You phone and email for a month, a member of this board kindly takes a day and goes and inspects the car for you. He has good things to say and nice photos too. You, from this same fchatter, get the name of a trusted mechanic and he does a very full inspection with lots of pics up on the lift etc. Looks good, frame is excellent, no rust etc etc. You ask him for a full mechanical inspection, and once again, its all good, very fine compression and leakdown results.
You committ to a trip over(actually the car is near Amsterdam so a trip there is hardly a hardship(!) but it is an expense and further committment. You drive the car, spend all day checking it out and give a substantial deposit.

Here is the trick part, upon leaving you say you will send the rest of the money when a few things on the short list of needs are taken care of. You go about arranging shipping and find that the shipper has an escrow service where you wire the money to the them, they hold and release the money to the seller when they drop the car off.
PERFECT, yes?
Well you think so anyway. No risk, very little delay in payment and no need to have the considerable worries of having fully paid for a car that remains in the sellers hand s on foreign soil. You have been very nervous about this, and although you like the seller, he is the son of the owner of the collection and is breaking into the car business selling his fathers collection. With this escrow option, you feel great relief and expect the seller will find no fault as it adds only a few days to his full payment(which is gauranteed by the shipper stating funds are recieved and awaiting delivery of the car) and the car is safely warehoused for shipment in an individual container.

Wrong!
Seller demends full payment up front. You have never seen the title, don't know what papers contitute Dutch ownership anyway and are distraught that the owner will not be reasonable and understanding concerning your fears about the unprotected situation. You ask once more, stating you do not want to change any fianancial aspects of the agreement, only to have a third party legally holding funds until delivery to the shipping warehouse (less than 1 hour from the seller).Again, he refuses and demands full payment up front.

What would you do?
Click to expand...

If its a high dollar car, I would go back and buy it in person. Then personally load it and ship it home. Then fly home and sleep well.

andrewg · Dec 31, 2005

Have a Dutch Lawyer/Solicitor handle the transaction for you, not only will it help qualm the sellers nerves over the deal it will also allay you're fears over the Dutch paperwork

Napolis · Dec 31, 2005

This is a no brainer. As my UK friend just said, have your lawyer find a good Dutch Lawyer and do it through his escorw account.

bobafett · Dec 31, 2005

John: a very close friend of mine can help with the Dutch side of things, if you need so. Give me a ring.

--Dan

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