I have been trying to think of all way around
this for you and I am sorry to have to tell you that it is not looking good.
There are certain things which may have
helped you bought in view of the timescale do not. I will explain
You have no right to a refund if you simply
change your mind. It doesn't matter why. Indeed, they can actually pursue you
for the full purchase price, but would obviously have to give you the boat.
This brief leaflet from Kent trading
standards (applies throughout the whole country) explains a little further http://www.google.co.uk/#hl=en&sugexp=les%3B&gs_rn=1&gs_ri=hp&cp=23&gs_id=2k&xhr=t&q=is+a+deposit+refundable&es_nrs=true&pf= p&tbo=d&output=search&sclient=psy-ab&oq=is+a+deporit+refundable&gs_l=&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.&bvm=bv.41524429,d.d2k&fp=145e449a990997f1&biw=1493&bih=730
Of course they cannot get blood out of a
stone and therefore they are entitled to compensation/damages in the event that
you breached the contract to buy their boat.
This appears to be mixed up. However, with a
part exchange of your own boat, the offer of which seems to have been revoked.
If that offer is tied up with the purchase it does cloud the issue, but it
seems that the offer was only revoked because you said that you no longer
wanted the boat.
I will also run this past a colleague with
regard to the distance selling regulations because you didn't buy the property
in their premises. But clearly, you did have the chance to inspect it (albeit
not the same item) and therefore I do not think that the distance selling
You would have seven days to cancel from when
the contract was included and you got all the paperwork. It appears that you
have all the paperwork because that is all they give out which I find strange
that a £200,000 purchase has really thin terms and conditions.
I think they are entitled, as I said earlier,
to compensation/damages, which is basically, their loss of profit.
They have not had to make the boat so have
not had all those various costs and unless they are making more than 5% on the
boat, then they are not entitled to any more money that they already have.
Although it does not stop them coming up with
accounting evidence which shows a much higher profit.
At this stage, this thing you can do is
negotiate them because you are not, I am sorry to say, in a very strong
I appreciate that this is not the answer you
wanted, but there is no point in me misleading you.
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