warning......hire agreements

[MikeTM150]

Well done for protecting your assets from this "bargain".

 

Sadly I guess he's got the nous not to go back to the same dealer again, and assuming he got the wedge in cash (or cash-like) then it's probably going to be hard to trace for the plod.

 

Got to agree with some of the sentiment in the comments about the dealer though, if they laid out close to six figures without seeing documents, it does make me wonder whether it wasn't the first time. Still, I guess they'll learn their lesson out of it too.

 

Out of interest, assuming the worst had happened and you'd lost the machine, would you have been insured? You mention insurance against theft but not necessarily for items that were on hire; I'm just curious how the insurers look at that kind of thing.

 

I checked this with my insurance company when i started hiring the odd machine out, so long as they are notified that machines may be used for hire purposes they'll cover it so long as reasonable efforts has been made to protect the asset (ie GPS, hire agreements)