What condition to sell my V12V and what price?

What condition to sell my V12V and what price?

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Discussion

LordBretSinclair

4,288 posts

178 months

Tuesday 2nd September 2014
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This one looks pretty mint, less than £90k with 3.5k miles.

http://www.kennydunn.co.uk/used-cars/aston-martin-...

Out of interest what premium do you put on lightweight seats??

cayman-black

12,649 posts

217 months

Tuesday 2nd September 2014
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LordBretSinclair said:
This one looks pretty mint, less than £90k with 3.5k miles.

http://www.kennydunn.co.uk/used-cars/aston-martin-...

Out of interest what premium do you put on lightweight seats??
Yes looks nice but its taking time to sell, they have had it a while. Seems only the main dealer can sell them at a premium price! Quite a few prefer the sport seats with heating so imo no premium what so ever.

CraigV12V

Original Poster:

304 posts

154 months

Tuesday 2nd September 2014
quotequote all
LordBretSinclair said:
This one looks pretty mint, less than £90k with 3.5k miles.

http://www.kennydunn.co.uk/used-cars/aston-martin-...

Out of interest what premium do you put on lightweight seats??
Not sure, think I heard they were a £3k or £4k extra and I would say from the long term dialogue on the subject on PH that the lightweight seats are preferred by most. I have had regular seats in a V8V and I would not want a V12V if they were in and would not want the hassle, let alone cost of getting them retro fitted. LW seats make the cockpit look and feel very different, I would even have them in the roadster without heat, they are that good. If there were a lot of V12Vs with them then the premium would be low, but if they are rare as I think they seem to be then the premium increases.

The KennyDunn car is in a different country, definitely not to be trusted. Do they even drive on the left in Scotland anymore?

Edited by CraigV12V on Tuesday 2nd September 19:07

hornbaek

3,678 posts

236 months

Tuesday 2nd September 2014
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The dealer has a margin of 10k approximately so the spread between bid and ask is significant. The other thing you have to bear in mind, is that very few people will buy a 90k car privately. That is just how it is, rational or not. So if a similar car at a dealership lists at say 90k and you have 5k of repairs outstanding a dealer would probably bid you 75k. The other point is, that there is not huge difference between prices from different MY's as there has been no face lifts etc to the range which means that an MY09 car might be as good value as a MY12.
I sold my V12V back in the spring for 66k and it sold days later for 75k from a dealership. (MY09 with 17k miles i think, carbon seats and mint).

cibble10

722 posts

120 months

Thursday 4th September 2014
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hornbaek said:
The dealer has a margin of 10k approximately so the spread between bid and ask is significant. The other thing you have to bear in mind, is that very few people will buy a 90k car privately. That is just how it is, rational or not. So if a similar car at a dealership lists at say 90k and you have 5k of repairs outstanding a dealer would probably bid you 75k. The other point is, that there is not huge difference between prices from different MY's as there has been no face lifts etc to the range which means that an MY09 car might be as good value as a MY12.
I sold my V12V back in the spring for 66k and it sold days later for 75k from a dealership. (MY09 with 17k miles i think, carbon seats and mint).
I thought this trait was unique to Guernsey where I live. I tried to sell a one year old C63AMG privately. Mint. No takers. Then I part-exed it and then it sold off the dealer forecourt for £5k more. OK, the buyer might also have needed to have part exed against it but it seems to me many of us could save money if we were more trusting. That said, if we cannot do better in Guernsey where the vendor can never live more than 7 miles away then it seems there is little hope :-( p.s. I have to confess that I also am reluctant to buy privately though I often buy new, which probably makes me twice as stupid frown

Edited by cibble10 on Thursday 4th September 06:50

Jon1967x

7,232 posts

125 months

Thursday 4th September 2014
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cibble10 said:
I thought this trait was unique to Guernsey where I live. I tried to sell a one year old C63AMG privately. Mint. No takers. Then I part-exed it and then it sold off the dealer forecourt for £5k more. OK, the buyer might also have needed to have part exed against it but it seems to me many of us could save money if we were more trusting. That said, if we cannot do better in Guernsey where the vendor can never live more than 7 miles away then it seems there is little hope :-( p.s. I have to confess that I also am reluctant to buy privately though I often buy new, which probably makes me twice as stupid frown

Edited by cibble10 on Thursday 4th September 06:50
Yep - it is a bit crazy - mine is for sale 5k less than similar cars at dealers (not that there are many) with over 2 years warranty still on it. I've offered to throw in enough cake for Paddy to do his magic and he's still thinking. Given how bad dealers seem to prep cars, having been through the process I'd be more inclined to look at private and make a judgement on the owner as well as the car.

wokkadriver

695 posts

243 months

Thursday 4th September 2014
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It's an interesting point isn't it? Those three little words that seem to fill us with dread and fear…

Sold as Seen

It gets worse as the value goes up, the horrible fear that you are buying someone else's dirty little secret and then have no redress whatsoever.

Maybe things will change as time progresses, the issues with build quality, engine failures, rust etc are a lot less prevalent today than in days of yore, but there is always that little twinge in the back of the mind that if your new motor does fall apart like a clown car as you drive it off the forecourt you can ask for your money back.

wokkadriver

695 posts

243 months

Thursday 4th September 2014
quotequote all
It's an interesting point isn't it? Those three little words that seem to fill us with dread and fear…

Sold as Seen

It gets worse as the value goes up, the horrible fear that you are buying someone else's dirty little secret and then have no redress whatsoever.

Maybe things will change as time progresses, the issues with build quality, engine failures, rust etc are a lot less prevalent today than in days of yore, but there is always that little twinge in the back of the mind that if your new motor does fall apart like a clown car as you drive it off the forecourt you can ask for your money back.

V8V12VTECwoollie

4,363 posts

146 months

Thursday 4th September 2014
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It is strange indeed. I couldn't sell a mint 2013 V12V, 5K miles with paint correction, glass coat, Xpel shield, first service just done and two years manufacturer's warranty remaining for £92K. Eventually sold to a dealer for not much less than that and now it is up for £99,950.

I really do think that, unless someone has personal knowledge of the car and owner, when selling cars such as a V12V which can be very expensive to fix, many people would prefer to pay a dealer premium for peace of mind and recourse should something fail after purchase.

That all said, Sparkly is waiting for a new owner biggrin

Jon1967x

7,232 posts

125 months

Thursday 4th September 2014
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V8V12VTECwoollie said:
It is strange indeed. I couldn't sell a mint 2013 V12V, 5K miles with paint correction, glass coat, Xpel shield, first service just done and two years manufacturer's warranty remaining for £92K. Eventually sold to a dealer for not much less than that and now it is up for £99,950.

I really do think that, unless someone has personal knowledge of the car and owner, when selling cars such as a V12V which can be very expensive to fix, many people would prefer to pay a dealer premium for peace of mind and recourse should something fail after purchase.

That all said, Sparkly is waiting for a new owner biggrin
I know they have to have a shiny showroom but 10k mark up on a virtually new car seems steep but if they can do it they will. Older cars I get when there is more prep and sticking on warranty - my car, like yours, they'd do just about nothing to. And Stratstones try hard not to negotiate on used prices.

hashluck

1,613 posts

276 months

Thursday 4th September 2014
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With factory warranty remaining on the car there should be no issue buying privately

BUT, it is not all abot the car. Ignoring all of the notional things like 140 point check which may or may not happen, can you offer...

Part-Ex (though I would never part-ex a car as part of a purchase negotiation many (most) do?)

Finance (often the most important aspect though again this could be arranged elsewhere)

So really it is the 'package' a dealer can offer plus..

the intagible 'relationship' thing that makes you feel that you are going to be looked after, though in reality this applies to very few dealers as in most cases you are just another unit to them. That said AM dealers both main and independent get a pretty good write up here compared to other marques.

V8V12VTECwoollie

4,363 posts

146 months

Thursday 4th September 2014
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Jon1967x said:
I know they have to have a shiny showroom but 10k mark up on a virtually new car seems steep but if they can do it they will. Older cars I get when there is more prep and sticking on warranty - my car, like yours, they'd do just about nothing to. And Stratstones try hard not to negotiate on used prices.
Well, that £10K will quickly get eroded. After taking off £2K to secure the sale from the person who comes in and offers £2K less, VAT, showroom overheads, sales commission, 140-point check and advertising I reckon the dealer would be looking at around £5K profit.

bigunit00

890 posts

148 months

Thursday 4th September 2014
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V8V12VTECwoollie said:
It is strange indeed. I couldn't sell a mint 2013 V12V, 5K miles with paint correction, glass coat, Xpel shield, first service just done and two years manufacturer's warranty remaining for £92K. Eventually sold to a dealer for not much less than that and now it is up for £99,950.

I really do think that, unless someone has personal knowledge of the car and owner, when selling cars such as a V12V which can be very expensive to fix, many people would prefer to pay a dealer premium for peace of mind and recourse should something fail after purchase.

That all said, Sparkly is waiting for a new owner biggrin
out of interest - if the car has the manufacturers warranty and its transferable to the new owner straight away and the dealer has just serviced it what is the risk to the buyer? I can understand if they need to p/x or finance some of it but if you are paying cash........I am thinking that at this level many would find an extra 5-7k to buy off a dealer immaterial for the consumer protection it affords. Maybe if they were saving 20k + it may be different.

hashluck

1,613 posts

276 months

Thursday 4th September 2014
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V8V12VTECwoollie said:
Well, that £10K will quickly get eroded. After taking off £2K to secure the sale from the person who comes in and offers £2K less, VAT, showroom overheads, sales commission, 140-point check and advertising I reckon the dealer would be looking at around £5K profit.
Exactly, and it is fairly high risk since they are sat on (in 99.9% of cases) a depreciating asset. Plus cost of putting anything right on the car they missed and is not covered by factory warranty.

Most of us would look at 10% profit minimum to get involved in any transaction at any level even on something we could shift the next day. So, we should not begrudge the dealers a profit, but we need to make our own feet on the ground, eyes wide open decisions when purchssing a car.

V8V12VTECwoollie

4,363 posts

146 months

Thursday 4th September 2014
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bigunit00 said:
out of interest - if the car has the manufacturers warranty and its transferable to the new owner straight away and the dealer has just serviced it what is the risk to the buyer? I can understand if they need to p/x or finance some of it but if you are paying cash........I am thinking that at this level many would find an extra 5-7k to buy off a dealer immaterial for the consumer protection it affords. Maybe if they were saving 20k + it may be different.
Finance isn't an issue. There are lots of brokers out there that are getting 2.5%-2.75% flat, so a lot less than dealers are offering. As you say, maybe £5-7K for peace of mind is worth paying when dropping north of £90K on a car.

Jon1967x

7,232 posts

125 months

Thursday 4th September 2014
quotequote all
bigunit00 said:
out of interest - if the car has the manufacturers warranty and its transferable to the new owner straight away and the dealer has just serviced it what is the risk to the buyer? I can understand if they need to p/x or finance some of it but if you are paying cash........I am thinking that at this level many would find an extra 5-7k to buy off a dealer immaterial for the consumer protection it affords. Maybe if they were saving 20k + it may be different.
I'm not sure which side of the argument you're on. Aston Martin offer a inspection service for problems plus accident damage, warranty is there, a HPI check tells you of there is finance or stolen. My coffee is as good as anybodies smile

You can probably get finance elsewhere cheaper than a dealer on a used car..

I can only think part ex as a really strong reason for not wanting to save 5k which in itself buys you out of a lot of trouble (bearing in mind if the engine or gearbox goes pop the warranty is there).


AMDBSNick

6,997 posts

163 months

Thursday 4th September 2014
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Sorry guys but getting finance on a near £100k car when buying privately is not quite as easy as you might think. You would be amazed at how many calls we get from clients asking for help in this situation yes

sukh_m

1,325 posts

193 months

Thursday 4th September 2014
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V8V12VTECwoollie said:
I really do think that, unless someone has personal knowledge of the car and owner, when selling cars such as a V12V which can be very expensive to fix, many people would prefer to pay a dealer premium for peace of mind and recourse should something fail after purchase.
^^ This was me until I bought Lotto's CB V12V biggrincool ^^

A lot of people wouldnt buy privately around 90k mark, because if you are doing some finance (like Nick said) it seems to be a lot trickier than buying from a dealer. My finance options buying privately were narrowed down vastly and I had to jump through hoops to get it. All boils down to the risk involved. SOR at Brentwood appears to be the best option smile

hashluck

1,613 posts

276 months

Thursday 4th September 2014
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AMDBSNick said:
Sorry guys but getting finance on a near £100k car when buying privately is not quite as easy as you might think. You would be amazed at how many calls we get from clients asking for help in this situation yes
Does not surprise me at all. All about the risk again (this time on the lender side). I think this is the biggest reason for using a dealer even if you do not arrange the finance through said dealer.

V8V12VTECwoollie

4,363 posts

146 months

Thursday 4th September 2014
quotequote all
sukh_m said:
^^ This was me until I bought Lotto's CB V12V biggrincool ^^

A lot of people wouldnt buy privately around 90k mark, because if you are doing some finance (like Nick said) it seems to be a lot trickier than buying from a dealer. My finance options buying privately were narrowed down vastly and I had to jump through hoops to get it. All boils down to the risk involved. SOR at Brentwood appears to be the best option smile
You were talking to the wrong finance people then smile I found it really easy to get finance approved for up to £100K. A previous history with finance companies, a broker that has good relationships with them and how much you arte putting into the car all help. The best I found was up to £100K at 2.4% flat, and that wasn't an advertised flat rate.

SOR isn't the best route at all unless the dealer has no similar cars in stock. They will push the cars that they have capital tied up in before they will push yours that has cost them nothing to get onto the forecourt. I leaned that lesson very early on! Capital tied up in a depreciating asset is their worse scenario.

Edited by V8V12VTECwoollie on Thursday 4th September 11:12


Edited by V8V12VTECwoollie on Thursday 4th September 11:12