Any people with legal or car dealership knowledge, please chip in.
I purchased a car last weekend using my current car as trade in with a value of £1k. This was all shaken on, signed contracts and we'd agreed to collect the vehicle on Sunday.
They've rung me today saying I need to pay a further £500 as they've run an HPI check on our car and it is a former insurance right-off (which was news to me as this information wasn't passed on when I bought the car privately), drastically diminishing the value of the trade in.
As we've shaken and signed on a deal, do they now have a legal obligation to continue with that deal at the agreed price, or are they within their rights to ask for more money off me? I completely understand their position, as they won't want to make a loss on the trade in, but shouldn't they have run the HPI check prior to agreeing?
I purchased a car last weekend using my current car as trade in with a value of £1k. This was all shaken on, signed contracts and we'd agreed to collect the vehicle on Sunday.
They've rung me today saying I need to pay a further £500 as they've run an HPI check on our car and it is a former insurance right-off (which was news to me as this information wasn't passed on when I bought the car privately), drastically diminishing the value of the trade in.
As we've shaken and signed on a deal, do they now have a legal obligation to continue with that deal at the agreed price, or are they within their rights to ask for more money off me? I completely understand their position, as they won't want to make a loss on the trade in, but shouldn't they have run the HPI check prior to agreeing?