Selling a car that runs with an MOT but as a "Fix up Car"
Discussion
Now I have decided my chugaboom is no longer a viable daily runner. The problem is there are a few things that need fixing that don't bother me and I don't want to spend time fixing TBH. Therefore I am planning on pricing the car as a fixer upper.
If it were you would you find the value and then take off the price of the parts but not the labour or for both parts and labour?
I just want rid but don't need the hassle of haggling. If there are other things wrong further down the line (This is an OLD car - 1996) then what is my liability?
I have never sold a car that was not in perfect condition so want to make sure I do it right.
Ta
If it were you would you find the value and then take off the price of the parts but not the labour or for both parts and labour?
I just want rid but don't need the hassle of haggling. If there are other things wrong further down the line (This is an OLD car - 1996) then what is my liability?
I have never sold a car that was not in perfect condition so want to make sure I do it right.
Ta
List it on something like gumtree which is free and local to you, be honest with your description, suggest any potential buyers come to view to be sure of what they are getting and stress no guarantee given or implied.
Someone who wants a cheap motor to run until the MOT runs out will be happy with that I would think. Or an enthusiast will be able to judge the merits of seeing it as to whether to buy.
Good Luck.
What is it by the way?
Sorry just curious.
Someone who wants a cheap motor to run until the MOT runs out will be happy with that I would think. Or an enthusiast will be able to judge the merits of seeing it as to whether to buy.
Good Luck.
What is it by the way?
Sorry just curious.
Mitsubishi FTO. I have lost the heart to do the work I planned on it. It is a tad tatty but by not means in bad condition.
I will put some notices on it and list it in the local area and do a gumtre with a note on known work that needs doing. Neither issue would fail an MOT, but you never know about what is hidden that you have not spotted!
I will put some notices on it and list it in the local area and do a gumtre with a note on known work that needs doing. Neither issue would fail an MOT, but you never know about what is hidden that you have not spotted!
Lady Muck said:
Mitsubishi FTO. I have lost the heart to do the work I planned on it. It is a tad tatty but by not means in bad condition.
I will put some notices on it and list it in the local area and do a gumtre with a note on known work that needs doing. Neither issue would fail an MOT, but you never know about what is hidden that you have not spotted!
Doesn't matter, so long as you are not in or closely linked with the motor trade.I will put some notices on it and list it in the local area and do a gumtre with a note on known work that needs doing. Neither issue would fail an MOT, but you never know about what is hidden that you have not spotted!
Ensure you write on the receipt for the car, 'sold as seen, no warranty implied or given', you should be OK.
Here's an example of a seller contract from the AA to give you an idea, there are others around that could also be used, google is your friend.
If it's nothing MOT failing that isn't rust, don't price it in. At that end of the market niggles are expected.
Automatic or manual?
If it's the auto it's firmly into banger territory and worth working out the price from the bottom up. Scrap value of £200 (a little bit more than usual since I guess a couple of bits will be worth selling separately before weighing the shell in), Add on the value of any tax remaining, £200 for the MOT, and the price of any brand new consumable parts (battery, tyres etc.) fitted in the last month or so. That should get you to an approximate value, probably somewhere around the £700ish mark.
Manuals still seem to be around £1500 if autotrader is anything to go by. If the niggles are serious you can knock a bit off, but if they aren't anything that seriously affects the driveability of the car I'd be inclined to not let them alter the price too much.
Automatic or manual?
If it's the auto it's firmly into banger territory and worth working out the price from the bottom up. Scrap value of £200 (a little bit more than usual since I guess a couple of bits will be worth selling separately before weighing the shell in), Add on the value of any tax remaining, £200 for the MOT, and the price of any brand new consumable parts (battery, tyres etc.) fitted in the last month or so. That should get you to an approximate value, probably somewhere around the £700ish mark.
Manuals still seem to be around £1500 if autotrader is anything to go by. If the niggles are serious you can knock a bit off, but if they aren't anything that seriously affects the driveability of the car I'd be inclined to not let them alter the price too much.
Quick thread revival. Some guy came to look at car just now and walked away as there was a tiny bit of water coming from exhaust. He seems to think this is an indication of a problem. Now I am of the opinion that a little water whilst warming up is not a problem as condensation builds up and it is only if it is constant when the engine is warm that it is a problem.....
Am I wrong?
Am I wrong?
Lady Muck said:
Quick thread revival. Some guy came to look at car just now and walked away as there was a tiny bit of water coming from exhaust. He seems to think this is an indication of a problem. Now I am of the opinion that a little water whilst warming up is not a problem as condensation builds up and it is only if it is constant when the engine is warm that it is a problem.....
Am I wrong?
.Am I wrong?
You are quite correct!!
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