What condition to sell my V12V and what price?
Discussion
V8V12VTECwoollie said:
You were talking to the wrong finance people then 
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.
Let me rephrase, I had to jump through hoops to get the cheap APR rate. The finance was readily available at the higher rates 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.Edited by V8V12VTECwoollie on Thursday 4th September 11:12
Edited by V8V12VTECwoollie on Thursday 4th September 11:12
hashluck said:
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 
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.The lower the %age borrowed against the price of the car the more likely the lender is to get the money returned if the borrower falls behind on repayments and the car has to be sold to recoup the outstanding monies. No different to the loan to value percentages used when taking out a mortgage.
V8V12VTECwoollie said:
The lower the %age borrowed against the price of the car the more likely the lender is to get the money returned if the borrower falls behind on repayments and the car has to be sold to recoup the outstanding monies. No different to the loan to value percentages used when taking out a mortgage.
I thought that but then wondered if many take out unsecured loans and not HP in which case it wouldn't matter and would be down to personal circumstances and credit rating
V8V12VTECwoollie said:
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.
This. I had a 355 sat at Graypaul many years ago because they had lots of red 355's to sell and mine was being paid for by me 
There is no compelling logic for buying from a dealer (especially if the car is still under warranty). It is only this intangible feeling called "goodwill" from the dealer if something major goes wrong later in life.
I actually think that many private luxury cars are much better looked after whilst in private hands than after they have passed to the dealer. My car was kept in a dehumidified heated garage and was always kept clean. At the dealer (had it not sold within a week) it would land on a dusty forecourt being washed weekly by a guy with a sponge and a bucket of water. It would be taken out on the occasional test-drive probably after the battery had been re-charged and the rust from the brakes polished out. (I made the latter point up as mine had cb brakes) but you get the picture. Get to know the person you are buying it from. Look at the conditions in which it was kept and make your mind up on that basis.
I actually think that many private luxury cars are much better looked after whilst in private hands than after they have passed to the dealer. My car was kept in a dehumidified heated garage and was always kept clean. At the dealer (had it not sold within a week) it would land on a dusty forecourt being washed weekly by a guy with a sponge and a bucket of water. It would be taken out on the occasional test-drive probably after the battery had been re-charged and the rust from the brakes polished out. (I made the latter point up as mine had cb brakes) but you get the picture. Get to know the person you are buying it from. Look at the conditions in which it was kept and make your mind up on that basis.
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.
Agreed! My mint 2010 v12v was on this site for 4 weeks at £70k (not VAT paid). 5,000 miles. 2 years warranty paid up and just had a £750 AM approved dealer service. Within the last few days of being advertised a UK dealer offered me £63k and we did the deal. The local dealer had offered me £56k against a new Porsche Boxster GTS... In Guernsey limited competition means we are often held to ransom, but you will be pleased to know I ordered my car VAT free from a UK dealer as I was so disgusted!
Agreed! My mint 2010 v12v was on this site for 4 weeks at £70k (not VAT paid). 5,000 miles. 2 years warranty paid up and just had a £750 AM approved dealer service. Within the last few days of being advertised a UK dealer offered me £63k and we did the deal. The local dealer had offered me £56k against a new Porsche Boxster GTS... In Guernsey limited competition means we are often held to ransom, but you will be pleased to know I ordered my car VAT free from a UK dealer as I was so disgusted!
cibble10 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.
Agreed! My mint 2010 v12v was on this site for 4 weeks at £70k (not VAT paid). 5,000 miles. 2 years warranty paid up and just had a £750 AM approved dealer service. Within the last few days of being advertised a UK dealer offered me £63k and we did the deal. The local dealer had offered me £56k against a new Porsche Boxster GTS... In Guernsey limited competition means we are often held to ransom, but you will be pleased to know I ordered my car VAT free from a UK dealer as I was so disgusted!
I'm local & nearly called you when I saw the car for sale for a couple of weeks, with a view to having a look & making an offer. I didn't think you'd let it go for that though. Agreed! My mint 2010 v12v was on this site for 4 weeks at £70k (not VAT paid). 5,000 miles. 2 years warranty paid up and just had a £750 AM approved dealer service. Within the last few days of being advertised a UK dealer offered me £63k and we did the deal. The local dealer had offered me £56k against a new Porsche Boxster GTS... In Guernsey limited competition means we are often held to ransom, but you will be pleased to know I ordered my car VAT free from a UK dealer as I was so disgusted!
cibble10 said:
Agreed! My mint 2010 v12v was on this site for 4 weeks at £70k (not VAT paid). 5,000 miles. 2 years warranty paid up and just had a £750 AM approved dealer service. Within the last few days of being advertised a UK dealer offered me £63k and we did the deal. The local dealer had offered me £56k against a new Porsche Boxster GTS... In Guernsey limited competition means we are often held to ransom, but you will be pleased to know I ordered my car VAT free from a UK dealer as I was so disgusted!
That's Jackson's for you! 
darreni said:
I'm local & nearly called you when I saw the car for sale for a couple of weeks, with a view to having a look & making an offer. I didn't think you'd let it go for that though.
I was very very reluctant, but as there was no other interest... I am sorry you didn't call. It was absolutely mint.
cayman-black said:
So Craig is this yours?
https://used.astonmartin.com/en-GB/Search/Details~...
Wow, they did not waste any time, they don't even have the car until Thursday. So yes the car is mine albeit it's a stock photo until they take possession. https://used.astonmartin.com/en-GB/Search/Details~...
After all the number crunching I figured the cost of working with a dealer would offset the discount I would have to offer to sell this kind of car privately. I phoned around a few but Grange where prepared to do the cosmetic work at their expense and settle up when the car is sold, others were not. In reality chances are they will have funds from a sale before their invoices for the parts etc. fall due and I don't have the hassle of getting the work organised myself.
Edited by CraigV12V on Tuesday 9th September 18:31
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