We're in the process of selling my wife's car. We got an offer from a dealer and I took it round on Wednesday and they said they'd like to take it. They offered a price, I said "OK, that sounds good" and left with a handshake. I dropped off the V5 the following day but we still have the car.
This morning someone has phoned up and is willing to offer us £2-300 more than the dealer and are very keen to take it on Monday. I've said I'd better check the legality of this- I've not signed anything, are we within our rights to say to the dealer "we've got a better offer, please can we get out V5 back?" The dealer is already offering about £500 above their book price and is not willing to offer any more.
Has my handshake sealed the deal or are we still OK to sell it to this other person?