12c trade bids

12c trade bids

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Discussion

GT4RS

Original Poster:

4,395 posts

196 months

Thursday 2nd June 2016
quotequote all
Good afternoon all

Could someone in the know please give me an indication what a reputable dealer would offer (trade to buy) for a 2011 plate car with full Mclaren service history and around 10k on the clock?

Many thanks

Bispal

1,603 posts

150 months

Thursday 2nd June 2016
quotequote all
Call Alastair Bols.

http://www.alastairbols.com/

He will tell you straight away.

70proof

6,045 posts

154 months

Thursday 2nd June 2016
quotequote all
Think along the lines of 10k less than advertised cars of similar spec...

squirejo

794 posts

242 months

Thursday 2nd June 2016
quotequote all
2013, 23k miles, 3 weeks ago, Mac dealer

If we were to directly purchase your 12C Spider today we would be looking in the region of £120,000 so depending on which 650S takes your fancy depends on the deal just due to margins etc.

Oh and spider, so no use to you at all!

TVR4500cc

188 posts

175 months

Thursday 2nd June 2016
quotequote all
Mereside have bought / sold a couple and I would definitely give Hippo Prestige in Blackburn a try too.

Let us know how you get on.

Main dealers seem to do many sale or return, I'd agree main dealer £10k less than their retail if they have to buy into stock, less on SoR

Indies sell cheaper and probably half the margin so worth an ask.

Hippo have bought 3 cars off me no trouble at all, they did my R8 SoR so I got what I wanted back - speak to Tom, Richard or Greg.

12c rare and desirable - only one at main dealers and Manchester couldn't find me one so I bought privately.

I'd wait to see if prices rise, surely can't go down?

Good luck!

GT4RS

Original Poster:

4,395 posts

196 months

Thursday 2nd June 2016
quotequote all
Thanks for all the replies.

My assumption was around 10k less than what you see advertised currently in dealers.

The reason I ask the question is they appear excellent value for not much more than 100k

For the time being they are slightly out of my budget for a 4th car but I will watch the market closely, not that I can see them drifting much from there current price range.


TISPKJ

3,648 posts

206 months

Thursday 2nd June 2016
quotequote all
GT4RS said:
Good afternoon all

Could someone in the know please give me an indication what a reputable dealer would offer (trade to buy) for a 2011 plate car with full Mclaren service history and around 10k on the clock?

Many thanks
Hi, the main issue with non main dealer cars seems to be around the warranty, as a buyer most want the McLaren warranty and the comfort that appears to give, even though other warranties are available.
However to answer your question 100 - 105k won't be far off the mark

TP321

1,475 posts

197 months

Thursday 2nd June 2016
quotequote all
GT4RS said:
Good afternoon all

Could someone in the know please give me an indication what a reputable dealer would offer (trade to buy) for a 2011 plate car with full Mclaren service history and around 10k on the clock?

Many thanks
£90-95K

SELON

1,172 posts

128 months

Friday 3rd June 2016
quotequote all
8 RHD cars for sale and 3 "wanted" ads from dealers on PH for 12Cs. And cars sold quickly.

Wouldn't let a dealer have it for less than £100k

TP321

1,475 posts

197 months

Friday 3rd June 2016
quotequote all
For the dealer to offer you £100k, he needs to add £3.5k Warranty, £2k prep, his Profit £10k, room for manoeuvre on the price £3k, and VAT £3k. So he has to advertise it for £121,500. That would be too high for a 2011 car....

If the dealer is buying it off you as opposed to taking it on SOR, £90-95k max is what he will offer.

TISPKJ

3,648 posts

206 months

Friday 3rd June 2016
quotequote all
The non franchised ? dealer cant offer the 3.5k warranty it can only transfer between private owners or from Macca as far as I am aware.

I don't entirely disagree with your maths however over winter 2014-15 I ran a wanted add bidding 100k for a 12c (this was at the time when they were bad news and being slagged off everywhere ) closest I got was an offer by a distressed seller at 108, I would be very surprised if trade bids were 90k today.

theRossatron

1,028 posts

231 months

Friday 3rd June 2016
quotequote all
TP321 said:
For the dealer to offer you £100k, he needs to add £3.5k Warranty, £2k prep, his Profit £10k, room for manoeuvre on the price £3k, and VAT £3k. So he has to advertise it for £121,500. That would be too high for a 2011 car....

If the dealer is buying it off you as opposed to taking it on SOR, £90-95k max is what he will offer.
VAT on the profit of £10k vat would only be £2k, and adding this onto the price is a bit backwards as it would make the actual margin approx £12k...?

£100k+£3.5k+£2k+£10k would make it a more realistic £115,500

Rocksteadyeddie

7,971 posts

226 months

Friday 3rd June 2016
quotequote all
This car (same one?) has been around for a while now and not shifting. Possibly supports the £90-95 type bids discussed above.

http://www.ebay.co.uk/itm/182150292184?_trksid=p20...

TVR4500cc

188 posts

175 months

Friday 3rd June 2016
quotequote all
Aberdeenshire and mid spec 2011 car

Not an easy private sale at circa £110k but looks nice enough - 15 days to go so watch this space.

Bit more info on annual mileage, service dates and full specification might help - does it have lift, tracker, audio upgrade, looks like Iris 2 but is it, sports exhaust, etc?

TP321

1,475 posts

197 months

Friday 3rd June 2016
quotequote all
If a dealer is using his own cash to buy a 12c, he wants a £20k margin. There is warranty and prep to pay for, interest payments until the car sells, vat on the profit to pay, showroom overheads, and above all, a return on investment to make.

Mastiff

2,515 posts

240 months

Friday 3rd June 2016
quotequote all
SELON said:
8 RHD cars for sale and 3 "wanted" ads from dealers on PH for 12Cs. And cars sold quickly.

Wouldn't let a dealer have it for less than £100k
rolleyes

And where exactly is the dealer supposed to put butter in the fridge at that money?

Oh of course, he's a dealer - he's not allowed to earn a living is he?

But you will be the first to shout at him when the nav fks up again or the car won't let you in....


Half a chance here....
TP321 said:
For the dealer to offer you £100k, he needs to add £3.5k Warranty, £2k prep, his Profit £10k, room for manoeuvre on the price £3k, and VAT £3k. So he has to advertise it for £121,500. That would be too high for a 2011 car....

If the dealer is buying it off you as opposed to taking it on SOR, £90-95k max is what he will offer.
And then we have this...

theRossatron said:
VAT on the profit of £10k vat would only be £2k, and adding this onto the price is a bit backwards as it would make the actual margin approx £12k...?

£100k+£3.5k+£2k+£10k would make it a more realistic £115,500
VAT in the motor trade does not take "profit" into consideration.

If the dealer gave £100,000.00 for the car and sold for £121,500.00 - his liability on that is £4300.00 - then you need to take away warranty, service, prep etc...

KTM300

12 posts

98 months

Saturday 4th June 2016
quotequote all
I would highly recommend Alistair Bols, I believe he will give you good advice but above all else I think he will be the best to sell your car for you if you want to do a commission sale.

I have followed the 12C market for the past 2 years, as per previous poster there are less 12C's on the market now than there has been in last 2 years. I have seen a steady average of around 15 cars, peak was October last year when rose to around 22 but has dropped down to 7 to 8 in the past few weeks. Oddly supply hasn't affected pricing - yet!

Good luck with your sale.

SELON

1,172 posts

128 months

Saturday 4th June 2016
quotequote all
Mastiff said:
SELON said:
8 RHD cars for sale and 3 "wanted" ads from dealers on PH for 12Cs. And cars sold quickly.

Wouldn't let a dealer have it for less than £100k
rolleyes

And where exactly is the dealer supposed to put butter in the fridge at that money?

Oh of course, he's a dealer - he's not allowed to earn a living is he?

But you will be the first to shout at him when the nav fks up again or the car won't let you in....




I seem to have missed the new law that compels a car dealer to buy at the price the seller demands. I'm not an expert but the process used to involve an old fashioned thing called negotiation based upon the factors at hand.

Just for your information I don't shout at car dealers. Nor do I presume to know what a complete stranger may or may not do in some hypothetical situation, that I've just invented to try and score some points.

SELON

1,172 posts

128 months

Saturday 4th June 2016
quotequote all
Alastair Bols would be a good person to speak to as others have said. Very helpful chap.

Tony 1234

3,465 posts

226 months

Saturday 4th June 2016
quotequote all
SELON said:
Alastair Bols would be a good person to speak to as others have said. Very helpful chap.
+1 gets my vote every-time