Selling 4x4 in winter?
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Discussion

stabilio

Original Poster:

613 posts

193 months

Friday 3rd December 2010
quotequote all
Missus has a Disco 3 shes wanted to to sell for a little while now and shes wondering (and me) if you get a better price from a dealer in the winter esp in these snowy conditions? I'm sure theres more demand for them at present but will a dealer offer any more right now?

Davel

8,982 posts

280 months

Friday 3rd December 2010
quotequote all
Why not sell privately?

The dealer will certainly sell it on easier now but will want their cut.

jains15

1,013 posts

195 months

Friday 3rd December 2010
quotequote all
Yeah put "ideal for winter - icy roads etc" in the ad, you'll sell in 20 mins. It won't sell next april now will it
?

stabilio

Original Poster:

613 posts

193 months

Friday 3rd December 2010
quotequote all
Theres some finance still owing on it so selling privately is harder.

Dealers will certainly turn them around quicker but are they willing to pay a bit more?

Davel

8,982 posts

280 months

Friday 3rd December 2010
quotequote all
Just get a sttlement figure which you or the buyer can clear at the time.

Simples!

kentmotorcompany

2,471 posts

232 months

Friday 3rd December 2010
quotequote all
Dealers will pay a bit more now, but you need to offer it to a few different dealers to be sure you are getting the best price.

You can sell it privately, and pay off the finance as you complete the sale. This can be a bit of a delicate situation that needs to be handled correctly so you don't lose the trust of your buyer, and at the same time ensure your agreement is paid off.

If you sell it privately you will almost certainly get more money.







On the other hand, if you are willing to accept rock bottom for an easy sale offer it to me!

stabilio

Original Poster:

613 posts

193 months

Friday 3rd December 2010
quotequote all
kentmotorcompany said:
Dealers will pay a bit more now, but you need to offer it to a few different dealers to be sure you are getting the best price.

You can sell it privately, and pay off the finance as you complete the sale. This can be a bit of a delicate situation that needs to be handled correctly so you don't lose the trust of your buyer, and at the same time ensure your agreement is paid off.

If you sell it privately you will almost certainly get more money.







On the other hand, if you are willing to accept rock bottom for an easy sale offer it to me!
Thats the problem, it would put almost most private buyers off knowing theres finance owing and having them wait longer even though they've parted with there money to cover the outstanding finance. A dealer is so much easier.

kentmotorcompany

2,471 posts

232 months

Friday 3rd December 2010
quotequote all
stabilio said:
kentmotorcompany said:
Dealers will pay a bit more now, but you need to offer it to a few different dealers to be sure you are getting the best price.

You can sell it privately, and pay off the finance as you complete the sale. This can be a bit of a delicate situation that needs to be handled correctly so you don't lose the trust of your buyer, and at the same time ensure your agreement is paid off.

If you sell it privately you will almost certainly get more money.







On the other hand, if you are willing to accept rock bottom for an easy sale offer it to me!
Thats the problem, it would put almost most private buyers off knowing theres finance owing and having them wait longer even though they've parted with there money to cover the outstanding finance. A dealer is so much easier.
Of course selling to a dealer is easier, but its up to you as the seller to decide if the extra money is worth the extra effort.

Speak to your finance company see if they will accept final settlement over the phone via a debit card. This will be the easiest way for any potential buyer to pay off the finance there and then if they decide to buy.

Failing that, ask about internet bank transfer. Should your buyer bank online they will be able to do this at your house, and if your finance company is willing to give clearance straight away all is well and good.

Another way would also to get the buyer to transfer the money online. Then even if the finance house wont give clearance straight away, because you have seen him do it and by now have got to know him somewhat you may decide to trust him and let the car go.



Make sure you have a up to date finance settlement letter, when your buyer arrives and has shown positive signs of wanting to buy it be upfront about the situation, and prove what you are saying with the settlement letter.

Edited by kentmotorcompany on Friday 3rd December 20:29

texasjohn

3,687 posts

253 months

Friday 3rd December 2010
quotequote all
kentmotorcompany said:
Speak to your finance company see if they will accept final settlement over the phone via a debit card. This will be the easiest way for any potential buyer to pay off the finance there and then if they decide to buy.

Failing that, ask about internet bank transfer. Should your buyer bank online they will be able to do this at your house, and if your finance company is willing to give clearance straight away all is well and good.
As above. I've bought cars privately that had finance outstanding and paid a portion of the price direct to the finance company (debit card on the phone on both occasions). Seller can verify transaction is complete, buyer knows finance is paid off and Robert's your mother's brother wink


Edited to add: 4WD cars are selling quite quickly at the moment, especially if they are fairly well priced, I can tell you as a buyer.

Anyone have a reasonable mileage FSSH Legacy Spec B they wish to offload to a good home biggrin



Edited by texasjohn on Friday 3rd December 20:44