Gearing for a quick sale...

[HBFS]

I'll be buying a new car soon, and of course the dealers offer for my car is £2k less than what CAP tells me I could get privately (A whopping 20% difference.)...

I was thinking of advertising the car, I only want to do one add. Where should it go for a quick hassle free sale?
I'm inclined to go with Pistonheads, as it's a petrolheady car...

I have the finance settlement quote for my current car and as it's in loads of positive equity (£2k more than the dealer.) So no issues there.

Opinions?

[g3rrd]

HBFS said:

I'll be buying a new car soon, and of course the dealers offer for my car is £2k less than what CAP tells me I could get privately (A whopping 20% difference.)...

I was thinking of advertising the car, I only want to do one add. Where should it go for a quick hassle free sale?
I'm inclined to go with Pistonheads, as it's a petrolheady car...

I have the finance settlement quote for my current car and as it's in loads of positive equity (£2k more than the dealer.) So no issues there.

Opinions?

Think you have just let the cat out of the bag... I will offer you £1999 less than you advertise it for

[HBFS]

Well, for the sake of hassle I wouldn't accept any offers less than dealer offer + at least £1000.
I haven't advertised it yet anyway, and you don't know how much the dealer has offered

[ArsE92]

Autotrader has the biggest audience I'd say.

[nismo48]

Just curious,what petrol heady car are you selling..??

HBFS said:

I'll be buying a new car soon, and of course the dealers offer for my car is £2k less than what CAP tells me I could get privately (A whopping 20% difference.)...

I was thinking of advertising the car, I only want to do one add. Where should it go for a quick hassle free sale?
I'm inclined to go with Pistonheads, as it's a petrolheady car...

I have the finance settlement quote for my current car and as it's in loads of positive equity (£2k more than the dealer.) So no issues there.

Opinions?

[HBFS]

A very well specced mk2 Fabia vRS...

[530dTPhil]

HBFS said:

I haven't advertised it yet anyway, and you don't know how much the dealer has offered

Presumably CAP values it at £10K and the dealer has offered £8K (20% less)?

[TVR MAN]

Currently in the same position selling my MX5. I'm very impatient and hating waiting so I'm getting bored now that it hasn't sold in 4 days! It's on Pistonheads classifieds and a few other forums.

Looked at Autotrader and it is quite pricey! Cheapest is £36! But it does seem to be where the people look so I may try it on there.

[HBFS]

Cap says...

MW10*** Mls=29000 FABIA HATCHBACK 1.4 TSI vRS 5dr DSG Dealer Retail £10700-£11700 Private Sale £10150-£10600 Trade-in Clean £8925-£9500

Dealer has said they'll give me £8.5k - £9.5k

I also have for the car; 5 litres of premium oil, a full set of summer tyres and the next service paid for (I bought a 2 year/ 20,000 mile service plan.)
Which would be easier to flog privately and should at least mean my car is a the top end of the valuations so far.

[benzito]

Advertise on PH and autotrader, just online. Price it realistically so I'm guessing you think the value is closer to 10k and they are offering 8k. Well advertise for 9400 and if someone offers 9k or even 8.5k cash then take it! At least you will still be a bit better off,

regardless, you are guaranteed to sell it for more than the dealer's offer (because they would have to sell it on and make a profit anyway! and would thus advertise for 10k, maybe 11k)

[HBFS]

I might put it on for £11k then and take anything above £10.5k
It'd be the cheapest mk2 on ebay, PH and autotrader!

[BE57 TOY]

It's the kind of price where most people are more comfortable spending money at a dealer where they know they have some sort of comeback.

You might struggle more than if it was a cheaper car.

Good luck.

[stuwalsh]

Oh dear......yet another case of 'my car is worth loads more than you (the dealer) offer! The true price of a car is what it's worth 'on the day', i.e put it into auction and take the best bid on the day. Anything over and above is profit, a better deal etc.

CAP is not the favoured book for dealers..............Glasses Guide is the one but remember the crucial word is GUIDE.... it's not a fixed price list and as your financial man says 'Values can go up and down!'In simple terms above and below.

Also remember the more off beat the car the slower it sells so a dealer has to reckon for perhaps 90 days+ in stock and estimate the drop in book value for that period simply to cash your p/x in for real money for the privelledge of being unable to sell it.

[GBDG]

Riiiiight, the dealer is offering you £8.5k, but you wouldn't accept less than £10.5k private??

Surely anything more than £250 above what the dealer is offering (for the extra hassle) is worth it. You're suggesting £2k more.

[busta]

You want a quick sale, and then you say you're gonna advertise it at the highest guide price, £2,500 above the offered part ex?

Advertise it at £9,995 to get the punters in and stick to that price.

[cragswinter]

Right cars at the tight price sell, the whole ill start high & drop if I had to thing is bks.

Get the punters interested, go in strong at 10k & turn it around quick. Any car I see that's unrealisticly priced I don't even bother with as you generally find the owners are living in a dream world, one where their car is somehow worth more than every other in the land.

You say at 10k yours would be the cheapest on autotrader & ph? Well maybe yours would then be the one that sells

[D1bram]

Personally I'm often happy to get what the dealer offers in cash as you can then buy without a trade in a get a better deal at that end.

In my experience cars are usually hard to sell at much above trade privately anyhow; as others have stated many people prefer to buy from a dealer as they can have finance/warranty/reassurance etc...

Best deal I have done recently is changing the missus X-type for a Mini. We got trade value plus £150 for the jag, but then bought the Mini privately for £1500 than a similar one from a dealer.

But then I sold my MX-5 recently for the shady little del-boy type to adervtise it again £1500 dearer the next day (he won't get anywhere near what he's asking though).

Again after selling the MX-5 I've scored for a bargain bike

So my advice is for a quick sale accept the dealer value is probably around what you will end up with, but it might put you in a good position to buy.