petrol head

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Posts posted by petrol head


  1. On 2/6/2024 at 1:32 PM, chrishowie said:

    Why isn't Alex Chesterman being investigated for one of the largest frauds in Automotive history?

    Getting large backers, huge hype without any substance and then taking 100 million at least and leaving it to crash and burn????

    He hasn’t broken any laws, theirs is a risk with any investment. Immoral for sure, but not illegal. It’s the .com bubble revisited.  


  2. 23 hours ago, ArthurDaley said:

    Hi Jas, I'm the same, I've always loved Jaguars. The trouble is the ones I like are pretty ancient now. I knew this X350 from brand new and its the exact spec I'd have specified myself (Sovereign 4.2)

    Cutting a long story short, the suspension came up fine but soon started to go down again, the air con didn't work, the bonnet struts had rusted so badly they no longer held up and there was a faint burning smell on the test drive. Although I'm sure it was well maintained, the service history stops in 2015 and while I was promised a "folder full of receipts from the meticulous owner," this statement was a complete work of fiction! Such a shame as I'd have paid a good price if all was well.

    On close inspection, it had a lot of paint and was a bit ripply.

    In the end, the seller sold it to WBAC, I see it sold for £3k this morning at BCA. Typically, the Essential Check came up all clean apart from a mention of the cruise not working - not a sausage about the suspension, air con or bonnet struts!

    Once everything is sorted it would probably retail at £7k but I didn't fancy all the work. The seller MOT'd it before selling it and that showed rust on the subframe which doesn't exactly help either!

     

    Why do we still do business with BCA, there are so many issues at play. 


  3. Just now, trade vet said:

    You appear to have shown the usual due diligence.I would be informing your customer that under the circumstances,the transaction has to be rescinded plus your costs unless a lower p/x allowance can be agreed for you to accept the vehicle .I would also inform the customer to get in touch with the supplying dealer to see what their reaction is. The buck stops with the supplying dealer and if they are still in business ,I think your customer is entitled to a refund as he has been misrepresented.

    I hear you, but if he hasn’t checked the MOT history a court would probably say he hasn’t conducted the necessary due diligence? 


  4. 17 hours ago, trade vet said:

    I doubt this 40 cent rise signifies any upturn .You have to consider that they were floated at $10 .When they collapsed to $1 ,in order to continue they had to do a ‘reverse consolidation’ or something which meant that for every 20 shares held,they then became 1 share.There might be people out there who still own shares which stand them $200 dollars each.Looking forward to a Netflix documentary about amateur car dealers Cazoo and possibly Cinch ( lost £200m ) and now Car Wow after they have all gone ‘tits up ‘ .Unfortunately when this happens,it could make it more difficult for proper car dealers to get funding……..Rant over !

    Good point Mate. 
     

    I think with both Cazoo and Cinch, the latter to a lesser degree it’s about the sizzle and not the steak. 
     

    It will baffles me that people were hooked winked into thinking Cazoo was worth 10 times the value of Jardine Motor Group, or Marshall’s for that matter. 
     

    They did nothing an ordinary dealer could do 50 years ago, save for buying on line. The exchange program etc is law when it’s a distance sale. 
     

    Now they have launched Cazoo wholesale and are established dealers going to deal with them? I think so as they still deal with BCA!


  5. I have an annoying acquaintance who is claiming the dealer that agreed to buy his car, have tried to chip him £5K as a trouble code came up when they plugged in an OBD reader. apparently it came up with a 10600 error which means the CAT is on it's way out. Does this on any way sound plausible?