Protocol for buying a rib?

[blimp]

Need help again!

Travelling to UK next week in the hope of buying a rib. I'm flying in, so the plan is to agree a deal and come back later with the jeep to take it home. Question is what's the correct protocol in terms of agreements and payments - both for a new boat and a used boat?

Is it:

- agreement, then deposit, then final payment on collection
- agreement with deposit, then final payment on collection
- agreement with full payment
- something else!

Again, this is for either a new or used rib (not sure yet what I'm going to go for). With a new rib, what kinds of things do I need in a contract - assuming such a thing will exist!

Sorry for all the questions, but I'd like to be as well informed as possible.

[three-rex]

With me - it was agreement, then gave them my old fletcher as deposit to secure the deal, they're keeping my new rib till the worst of winter is over, then I will give them balance and collect the rib.

[Jono Garton]

Originally Posted by blimp

- agreement with deposit, then final payment on collection

In my opinion, if you can pay by credit card all the better, your backs covered then if they go bust or do a runner.

Jono

[blimp]

Hi Jono - credit card's not an option (don't use one, since getting stung badly in Turkey a few years ago!)

[RIVA]

we charge 1.2% if you use a credit card , its not a very good option . deposit then c.h.a.p.s the money or internet bank . dont b.a.c.s.
or pay on a debit card
pay how you feel safe after all you wont get the boat till funds have cleard

[Poly]

Originally Posted by RIVA

we charge 1.2% if you use a credit card , its not a very good option

that depends on your outlook £120 per £10k to be protected by the consumer credit act may be a very good option if you are not sure about the "security" of the business.

[RIVA]

powlat you are always protected by the law wich ever way you pay

if you are dealing with a company that you are unsure of perhaps its best not to deal with them at all

[Jono Garton]

look at the situation with boat & jet ski world. Some of there customers would have been left with nothing if not payed by credit card.

Jono

[wavelength]

powlat you are always protected by the law wich ever way you pay

oh no you're not. Pay by cash, they go bust -your money goes with them. Seen it happen too many times. Double glazing firm was collecting £800 deposits over the weekend and went bust on the monday morning leaving loadsa unsecured creditors with no chance of ever seeing their money again.

[RIVA]

here we go

the law does not change and yes you are protected . if a company goes bust the largest creditors come first namley h.m.g

then everyone else in order . you are still protected !

you just hope thers enough left for you

if you buy something and tow it away whats the problem ?
if you think that they might not be there when you have paid them a few hundred quid . dont pay them a few hundred quid its easy

as for liabilaty if its new and you have the goods the liablaty always transfers vertical i.e. to distributor then manafactor

or heres a good way go from recomendation

[keelhauled]

In my opinion why leave Ireland?? John Mc Aleese in Scarva, Co.Down has a display of RIBs that just has to be seen. He is no relation of mine and I'm not touting for business for him but found him very good to deal with. Just my 2c.
He has a great website something like mcaleesemarine.com ???? try googling him.

[nugent]

Originally Posted by Jono Garton

look at the situation with boat & jet ski world. Some of there customers would have been left with nothing if not payed by credit card.

Jono

yep i know that one
got 10 k returned due to payments on credit cards

[wavelength]

you are still protected

bolox
-pay a deposit by cash and the firm goes down the drain and you are an unsecured creditor for a company that has gone bust- If its gone bust it hasnt got any money (allegedly) therefore there is none for you so you can kiss it goodbye! Use a credit card and the credit card company has equal liability under the consumer credit act (as long as it was over £100) so you claim off them-and they've got lottsa money.

[Poly]

Originally Posted by wavelength

bolox
-pay a deposit by cash and the firm goes down the drain and you are an unsecured creditor for a company that has gone bust- If its gone bust it hasnt got any money (allegedly) therefore there is none for you so you can kiss it goodbye! Use a credit card and the credit card company has equal liability under the consumer credit act (as long as it was over £100) so you claim off them-and they've got lottsa money.

Absolutely - and that applies not just at the deposit stage - it applies longer term (the C/Card co has joint responsibility) so if for example there is a manufacturing defect a year later they can be expected to sort it out (e.g. if the retailer refuses or has gone bust etc).

Riva, when people buy on the basis of a recommendation they are usually referring to the quality of the product and the standard of service / people involved - rarely has the individual involved investigated the company's financial position. People DO loose out in transactions with car dealers / boat dealers etc when the company goes tits up - but they do get protection if they paid by C/Card. I understand your dislike as a dealer though - it takes you a long time to get the cash, they charge you big fees etc.

[Top banana]

fare pack. thank you very much and good bye. Oh and happy new year

[Nos4r2]

Just out of interest, does the credit card company liability thing work if you get messed about? For example if the boat's seriously late like Codprawn's was?

[Nos4r2]

Originally Posted by Top banana

fare pack. thank you very much and good bye. Oh and happy new year

Tell me about it....they were a mile from my house. I saw the number of people standing outside the gates.

[Poly]

Originally Posted by Nos4r2

Just out of interest, does the credit card company liability thing work if you get messed about? For example if the boat's seriously late like Codprawn's was?

No one knows the details of why cod's boat was late, as he hasn't shared that information in the public domain - so it would be presumptive to comment; but in theory the card co is responsible for the delivery of the product/goods/service if the vendor fails (so in effect they would be expected to refund you so you could walk away). It may be necessary to have agreed a contractually binding delivery date (or at least to go totally unreasonably beyond the expected delivery date).

[Nos4r2]

Cheers

I wasn't presuming anything about Codder's boat BTW, it was just a handy example.

[Cookee]

Sorry we don't take credit cards!