SOR Contract Form - LEC

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Date / Time

VEHICLE DETAILS:

SELLER DETAILS:

Name
Address

I leave my vehicle in London Electric centre’s possession and agree with the terms and conditions. I authorise London Electric centre to act as agents and assist in selling and marketing my vehicle. I authorise London Electric centre to deduct money from the sale proceeds and settle any finance

Receiving:

Name
Date / Time

ITEMS RECEIVED WITH CAR:

Two Keys:
V5 Document:
Service History:
MOT Certificate:
Car Manual:

TERMS & CONDITIONS OF SOR:

1. Vehicle to be the responsibility of London Electric centre when left in LEC’s care.

2. Vehicle will be marketed by London Electric centre Limited in various online and printed publications.

3. Any offers under the asking price would be discussed withthe owner prior to agreeing sale of vehicle.

4. The owner of the vehicle would be liable for all the costs incurred (during the time the vehicle was received to the time

vehicle is returned) if they wish to take the vehicle back before the end of 90 days after the signing of this document.

5. Any preparation work required, would be subject to having this agreed.

6. London Electric centre will only pay owner upon sale of vehicle at the end of 28 day warranty period due to sale of goods act.

7. Any outstanding finance would need to be cleared by the owner of the vehicle prior to London Electric centre selling the vehicle unless otherwise agreed.

8. London Electric centre will charge a commission on the total sales value of the vehicle.

THE AGREEMENT

The Seller hereby appoints as their agent the Dealer (whose name and address are set out on this document) to sell on their behalf a motor vehicle, the details of which are set out herein. The selling price shall be reviewed and agreed between the seller and the dealer, throughout the contract on an ongoing basis.

 

SELLERS OBLIGATIONS

The Seller warrants that:

They are the legal owner in title to the vehicle and it is free to be sold.

That the vehicle is free of any encumbrance, save for that disclosed herein and that it has not been pledged, sold, mortgaged, or used as collateral.

Vehicle must be at a retail standard and road legal, all rectification work must be agreed and paid for in

advance of sale by owner.

That the vehicle has been accurately described by the Seller to the Dealer and that all issues including,

but not limited to, recorded mileage, mechanical, historic and current condition, including accident

damage , and modifications have been disclosed in full.

If a sale has been agreed and for some unforeseen reason the buyer withdraws, London Electric centre are under no obligation to purchase the aforementioned vehicle.

If your car is returned to you as a result of no sale being achieved, you thereby acknowledge that any

works which have been undertaken during the sale process remain your responsibility. London Electric centre reserve the right to recoup these costs.

Collection of vehicle is chargeable at £1.50 +VAT per mile. Vehicle returned back to customer chargeable at £1.50 +VAT per mile.

After 30 days in stock there will be a management fee of £200 + VAT per month thereafter.

By entering into this agreement with London Electric centre, I acknowledge that the insurance of the vehicle remains my responsibility pertaining to wear and tear, engine, drive and electrics and that storage insurance will be arranged by London Electric centre.

 

DEALERS OBLIGATIONS

The Dealer shall be bound by the following obligations:

To promote, advertise for sale and do all that is reasonable to secure the sale of the subject vehicle

in a reasonable time period. The length of the agreed contract is:

Vehicle must be at a retail standard and road legal, all rectification work must be agreed and paid for

in advance by the owner of the car in advance of marketing the car.

The Dealer shall represent the vehicle in only accordance with the information supplied by the

Seller and shall be indemnified by the Seller for any proven mis-description thereof induced by the Seller.

Upon sale, the Dealer shall be entitled to receive from the proceeds of sale, a commission of the final

selling price and or as agreed by the owner and London Electric centre or any of its representatives.

This is additional to the preparation costs of the car, warranty and management fees.

• That the Seller has disclosed with the Dealer all information that might reasonably be expected to

influence any decision by a prospective purchaser to buy.

THE SELLER SHALL STAND BY AND IDEMNIFY THE DEALER AGAINST ANY/ALL CLAIMS THAT MIGHT ARISE

AGAINST THE DEALER ACTING AS THE SELLER’S AGENT UNDER THIS AGREEMENT.

Do you agree with Terms and Conditions?