Ask our expert lawyer advice before committing to buy your luxury car
Buying, selling, renting or leasing a car can appear to be one of the easiest things to do as long you have money and you have identified a car which you like but this is not the case when you decide to deal with a luxury transaction where the car is particularly rare, a super-car or is a vintage/classic. In such a transaction, further checks and due diligence should be made, especially if you are a foreigner buying, selling, renting or leasing such a car in Italy.
Not only do you need the requisite language skills to negotiate your transaction, but more importantly you need to understand the content of the contract. It is common to receive comments such as “this is a standard contract”, but the “standard contract” may not contain important clauses that protect your rights.Insurance, registration, VAT advice, surveys, temporary plates are just a few of the numerous matters on which you might want to receive advice. Indeed, an experienced lawyer will be able to lead and direct you through the process with the other side and ensure that clauses protecting your rights are incorporated into any “standard contract”. Furthermore, it is important to know the origin of your investment. An appropriate due diligence exercise is always necessary to ensure your potential acquisition has not been stolen or is charged. There are many unscrupulous people in the car business especially in the high-end secondary market, so it is key to protect your interests with a lawyer who knows the market/culture and language to a high standard. Our experienced lawyers will make sure your time and money are not wasted in any luxury transaction.