Executive Car
Selling contract on rare car before accepting delivery?
I have a rare car on order from a dealership. The car has arrived in the U.S. I’d like to sell my spot in line for a profit. The dealer never made me sign anything other than an order form. Can I sell my order (contract) to someone else, and let them by the car?
Any suggestions on doing this? I have heard someone tried to put their spot on ebay, and an executive from the manufacturer took him off the list. That is just heresay, however.
I am thinking it would be best to advertise in a car magazine, and then accompany the person when they pick up the vehicle. When it is time to purchase and sign the documents, just say I want it titled in the other person;s name. Possibly introduce them as a family member.
I confess I know little about buying rare cars but I do know plenty about contracts (I’m not an attorney). For starters, you can’t change the terms of a contract without both parties agreeing and entering into either a new contract of both signing some form of amendment. Your contract to purchase the car is between you and the dealership. You cannot legally transfer your interest in the contract to someone else without express agreement from the other party to the original contract; the dealer. I don’t see that happening. Your best bet would be for you to enter into a purchase agreement with someone, contingent on you taking legal receipt of the title to the vehicle first and then assigning the title to the next buyer. It is doubtful you will be able to “sell your place in line” since you would probably be violating the terms of the contract and thereby nullifying the agreement. Then the dealership would be within their rights to sell the vehicle to whomever they want. I strongly advise you to read the terms of the purchase agreement closely and discuss it with your attorney before you do anything.
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