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

[Polwart]

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