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SOR/Hire Contract Form

Customer Details:

Car Details:

Outstanding Finance?
Warranty End date
Documents Available

SALE OR RETURN / HIRE

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We charge a fixed commission of £2500 upon sale of the car but for your car Our Commission will be: £

TERMS & CONDITIONS OF SOR/Hire:

Please click the checkbox if you agree with these terms and conditions.
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.
• 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.
Agree to Terms and Conditions