Are people scared to buy a + £10k second hand car privately?
Discussion
I have many cars in my time, but now as I get older I now spend more money on my cars. I currently have a 2011 S3 for sale, now I have had very little interest. The car is amazing and the price is right, but still not really getting anywhere.
I am kind of thinking is it just that people are willing on taking the risk on a "cheap car" less than say £10k, but over that the private buy is to high risk??.
I have never had this much trouble selling a car before, but I have never tryed to sell a circa £18,750 car.
Throughout welcome.
I am kind of thinking is it just that people are willing on taking the risk on a "cheap car" less than say £10k, but over that the private buy is to high risk??.
I have never had this much trouble selling a car before, but I have never tryed to sell a circa £18,750 car.
Throughout welcome.
A lot of money for a car with roots in 2003 and from a private seller?
Not my thing, but only a grand and a bit more, younger, looks decently equipped, low miles, warranty, negotiation on part ex and so on:
http://www.autotrader.co.uk/classified/advert/2015...
Not my thing, but only a grand and a bit more, younger, looks decently equipped, low miles, warranty, negotiation on part ex and so on:
http://www.autotrader.co.uk/classified/advert/2015...
Price it right and it will sell. Clichéd I know, but it's true.
Your price needs a bigger gap to dealers. If a dealers car is 1/2k more then people will go their. If yours is cheaper then you've a chance.
I sold a car last year for 24k when similar (overpriced IMHO) dealer cars were £27+. Had 5/6 calls and sold fairly quickly.
I take it you have researched prices with AT, eBay etc? I like Ebay as you can see sold, rather than asking prices. Price it up with we buy any car and you should get more than their offer as a private sale. Not the best time of year though to be fair, not many folk looking to splash out on new motors in the run up to Xmas.
Your price needs a bigger gap to dealers. If a dealers car is 1/2k more then people will go their. If yours is cheaper then you've a chance.
I sold a car last year for 24k when similar (overpriced IMHO) dealer cars were £27+. Had 5/6 calls and sold fairly quickly.
I take it you have researched prices with AT, eBay etc? I like Ebay as you can see sold, rather than asking prices. Price it up with we buy any car and you should get more than their offer as a private sale. Not the best time of year though to be fair, not many folk looking to splash out on new motors in the run up to Xmas.
its easier to sell a car at £5k or below (and £1000 or below is mega easy)
My last sale at circa £13k took 2- 3 weeks with 3 people seeing it, 2 of which clearly didnt have the means to be anywhere near the asking price and uickly left when I refused to drop between £3-4k from the price!!
I ended up pushing up the price on the advert which gave me more room to haggle, and ended up getting more than I expected result.
Money went through by bank transfer if you want to know.
My last sale at circa £13k took 2- 3 weeks with 3 people seeing it, 2 of which clearly didnt have the means to be anywhere near the asking price and uickly left when I refused to drop between £3-4k from the price!!
I ended up pushing up the price on the advert which gave me more room to haggle, and ended up getting more than I expected result.
Money went through by bank transfer if you want to know.
KungFuPanda said:
When you go over £10k, people want dealer facilities. They want to be able
to part ex their old car or finance. None of which you're able to offer. So
You're left with selling to people who have cash in the bank and are ready to buy outright. This obviously limits your market.
Exactly this!to part ex their old car or finance. None of which you're able to offer. So
You're left with selling to people who have cash in the bank and are ready to buy outright. This obviously limits your market.
Very limited market unless you're offering finance and PX basically.
va1o said:
KungFuPanda said:
When you go over £10k, people want dealer facilities. They want to be able
to part ex their old car or finance. None of which you're able to offer. So
You're left with selling to people who have cash in the bank and are ready to buy outright. This obviously limits your market.
Exactly this!to part ex their old car or finance. None of which you're able to offer. So
You're left with selling to people who have cash in the bank and are ready to buy outright. This obviously limits your market.
Very limited market unless you're offering finance and PX basically.
And generally those who can buy with cash, are relying on selling their own car first, so you end up with no car until you find another.
Plus too many chancey sellers these days and people dont want to hunt around the entire country to find the car that actually is as described.
arthur t said:
I have many cars in my time, but now as I get older I now spend more money on my cars. I currently have a 2011 S3 for sale, now I have had very little interest. The car is amazing and the price is right, but still not really getting anywhere.
I am kind of thinking is it just that people are willing on taking the risk on a "cheap car" less than say £10k, but over that the private buy is to high risk??.
I have never had this much trouble selling a car before, but I have never tryed to sell a circa £18,750 car.
Throughout welcome.
Wayyy too expensive.I am kind of thinking is it just that people are willing on taking the risk on a "cheap car" less than say £10k, but over that the private buy is to high risk??.
I have never had this much trouble selling a car before, but I have never tryed to sell a circa £18,750 car.
Throughout welcome.
You can buy a low miles Approved Used one from an Audi main dealer for that sort of money.
http://www.autotrader.co.uk/classified/advert/2015...
As others have pointed out, you are asking a simular price to dealers, but with none of the benefits.
As often happens you have valued your car to highly, lower the price and it will sell. Find out what WBAC would offer and pitch it £500 - £700 more than that.
The last 2 cars that I sold were at £11k and £15k and both sold within 10 days or so and within £200 of the asking price.
As often happens you have valued your car to highly, lower the price and it will sell. Find out what WBAC would offer and pitch it £500 - £700 more than that.
The last 2 cars that I sold were at £11k and £15k and both sold within 10 days or so and within £200 of the asking price.
Edited by oldnbold on Monday 16th November 17:57
As above, get WBAC value as absolute bottom feeder price, a dealer part exchange value and look at dealer prices. There needs to be enough between dealer part ex and forecourt price to make a private sale worthwhile for both buyer and seller
I couldn't sell a 3 yr old Leon Cupra R some years ago. Only private sale interest were offers under the one from the supplying dealer to buy it back for stock!
I have no qualms buying privately at any price (our current S5 was only bought from a dealer because the seller wanted ita replacement a week before we were in a position to buy) but the price need to be right. It helps if the spec is better than average too
I couldn't sell a 3 yr old Leon Cupra R some years ago. Only private sale interest were offers under the one from the supplying dealer to buy it back for stock!
I have no qualms buying privately at any price (our current S5 was only bought from a dealer because the seller wanted ita replacement a week before we were in a position to buy) but the price need to be right. It helps if the spec is better than average too
Sold my wife's discovery a couple of months a go
Advertised at £26,500 (it was very competitively priced)
Best private offer was £23k, had three trade bids over £24k, sold for £25k (to a trader who sold it on for £28k)
Private buyers want an absolute bargain - or something special/rare
Advertised at £26,500 (it was very competitively priced)
Best private offer was £23k, had three trade bids over £24k, sold for £25k (to a trader who sold it on for £28k)
Private buyers want an absolute bargain - or something special/rare
- People want finance above £5000 / £10,000 / £15,000
- Trusting you with "big money" at anything above shed level
- Market choice, is it rare?
si_xsi said:
Possibly time of year has something to do with it too? My 08 plate golf gti is on here at the moment at £6k and not one phone call in 3 weeks. Reduced price by 1k an no difference. Don't think it's overpriced?
You say that, but I bet it'd sell if was £1 wouldn't it? You might not want to sell it for that of course but it's worth what someone will pay. (cliche I know) Put it on eBay at 99p start and let the market decide it's value....
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