Best company to use for SoR
Best company to use for SoR
Author
Discussion

BlackR8

Original Poster:

505 posts

97 months

Sunday 26th August 2018
quotequote all
Guys,

Any opinions or experiences on using a dealer for SoR for a car like an Audi R8. My car is not OEM as it has a number of uprated parts (e.g. upgraded exhaust etc), so something to consider as I know some dealers may not be interested in marketing a non-standard example.

If I go down this route I need to give it to a dealer that has a good reputation for this sort of thing, has a fair fee, and of course doesn't promise you the world and then can't sell the car!


clockworks

6,975 posts

165 months

Sunday 26th August 2018
quotequote all
I'd be wary of selling this way, unless it's a dealer that you've built up a relationship with. Loads of horror stories.

I sold my Porsche 964 this way, but I had purchased the car from the same dealer 3 years earlier, and it had been back to them each year for servicing. I trusted them, but it was still a nervous 6 weeks or so while I waited for the car to sell.

There was no fee as such. He asked me how much I'd like to get for the car. I took a chance, asked for a couple of grand more than similar cars were selling for, and he agreed. No haggling. That's how much I got.


BlackR8

Original Poster:

505 posts

97 months

Sunday 26th August 2018
quotequote all
clockworks said:
I'd be wary of selling this way, unless it's a dealer that you've built up a relationship with. Loads of horror stories.

I sold my Porsche 964 this way, but I had purchased the car from the same dealer 3 years earlier, and it had been back to them each year for servicing. I trusted them, but it was still a nervous 6 weeks or so while I waited for the car to sell.

There was no fee as such. He asked me how much I'd like to get for the car. I took a chance, asked for a couple of grand more than similar cars were selling for, and he agreed. No haggling. That's how much I got.
This is my worry, but surely there must be some trustworthy outfits out there? I expect many of the high value cars are at dealers on a SoR basis?

Phil Dicky

7,193 posts

283 months

Sunday 26th August 2018
quotequote all
Just sold my Dad's car and did consider this option. But your handing a sizable value item over to someone else. For them to look after and drive etc and test drive with purchasers. Before we even start with the dodgy cases where cars are sold and funds go missing. We settled on a lesser price but without the headaches.

BlackR8

Original Poster:

505 posts

97 months

Monday 27th August 2018
quotequote all
Phil Dicky said:
Just sold my Dad's car and did consider this option. But your handing a sizable value item over to someone else. For them to look after and drive etc and test drive with purchasers. Before we even start with the dodgy cases where cars are sold and funds go missing. We settled on a lesser price but without the headaches.
Yes like many on here, it is my pride and joy, so the idea of it being in someone else's possession for weeks/months and not knowing what is going with it makes me somewhat nervous!

Phil Dicky

7,193 posts

283 months

Monday 27th August 2018
quotequote all
BlackR8 said:
Phil Dicky said:
Just sold my Dad's car and did consider this option. But your handing a sizable value item over to someone else. For them to look after and drive etc and test drive with purchasers. Before we even start with the dodgy cases where cars are sold and funds go missing. We settled on a lesser price but without the headaches.
Yes like many on here, it is my pride and joy, so the idea of it being in someone else's possession for weeks/months and not knowing what is going with it makes me somewhat nervous!
The financial benefit is not worth the possible grief.

CRA1G

7,121 posts

215 months

Monday 27th August 2018
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If the car is priced correctly any prestige dealer would just buy it outright...! SOR usually means the cars two expensive or the dealer's not got any money which is were the many horror story's come from...!

Trevor555

4,946 posts

104 months

Monday 27th August 2018
quotequote all
CRA1G said:
If the car is priced correctly any prestige dealer would just buy it outright...! SOR usually means the cars two expensive or the dealer's not got any money which is were the many horror story's come from...!
Agree 100%

Driver101

14,451 posts

141 months

Monday 27th August 2018
quotequote all
Most customers aren't interested in modified cars either. More often than not modifications add little or nothing to the value of the car.

You would probably be better returning the car to stock before selling. The modifications and price is the reason it likely won't be selling.

What else has been done other than the exhaust?

Wacky Racer

40,296 posts

267 months

Monday 27th August 2018
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I wouldn't leave any car with any dealer on SOR, you are playing with dynamite.

(Even dealers that have been trading 50 years)

Too many horror stories...just price it sensibly and it should sell eventually.

ZX10R NIN

29,749 posts

145 months

Monday 27th August 2018
quotequote all
Driver101 said:
Most customers aren't interested in modified cars either. More often than not modifications add little or nothing to the value of the car.

You would probably be better returning the car to stock before selling. The modifications and price is the reason it likely won't be selling.

What else has been done other than the exhaust?
Rubbish lots of people by modified cars, hell that's the reason PH started in the first place.

Driver101

14,451 posts

141 months

Monday 27th August 2018
quotequote all
ZX10R NIN said:
Driver101 said:
Most customers aren't interested in modified cars either. More often than not modifications add little or nothing to the value of the car.

You would probably be better returning the car to stock before selling. The modifications and price is the reason it likely won't be selling.

What else has been done other than the exhaust?
Rubbish lots of people by modified cars, hell that's the reason PH started in the first place.
I would disagree.

As soon as you start modifying cars the target market drops. Obviously it does depend to an extent what the mods and car actually are.

Although Pistonheads is a large site, It's still only a small amount of people to target to sell a car.


bullrunner

153 posts

224 months

Monday 27th August 2018
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Speak to AMAR at Targa Florio cars he’s a top guy and they have sold quite a few modified Audi’s and currently have a couple for sale now ....

Shaoxter

4,467 posts

144 months

Monday 27th August 2018
quotequote all
BlackR8 said:
Yes like many on here, it is my pride and joy, so the idea of it being in someone else's possession for weeks/months and not knowing what is going with it makes me somewhat nervous!
Then don't do it. I'm one of the people with a horror story, happy to share via PM.

When you add up the SOR fee, the work they'll ask to be done to bring it up to "showroom condition" and the possibility of faults occurring while people are joyriding test driving it which you'll be liable for, you're better off just pricing it sensibly and selling privately.

clockworks

6,975 posts

165 months

Monday 27th August 2018
quotequote all
Phil Dicky said:
The financial benefit is not worth the possible grief.
Despite my reservations, I actually did rather well selling on commission. £30k was strong money for my car (964 tip C2) at the time. They were being advertised for £25k-ish private. £30k would buy what looked like a nice manual. I asked for £32k - and got it. The dealer advertised it for £40k, but I've no idea how much it actually sold for. I really didn't think he'd get any offers on that asking price, but he did. No doubt because he has a reputation for selling good cars. He told me that he'd put £700 into the car prepping it for sale, which came out of his end.

He had faith in the car, because he'd sold it to me 3 years earlier (for £21k). He knew it was a good one. He made a profit, I got far more than I would've selling privately.

Of course, I might have made a bit more if I'd waited another year or two. I thought the market had peaked, but it hadn't.
Still, I ran the car for 3 years for nothing, and came out £7k better off (after insurance, tax, servicing, parts, etc), so I can't complain

ZX10R NIN

29,749 posts

145 months

Monday 27th August 2018
quotequote all
Driver101 said:
I would disagree.

As soon as you start modifying cars the target market drops. Obviously it does depend to an extent what the mods and car actually are.

Although Pistonheads is a large site, It's still only a small amount of people to target to sell a car.
You buy a GT-R have breathed on by Litchfield & you'll have no problem selling it, fit an Akrapovic on a Porsche M4 etc & no buyer is walking away, Mountune/GGR fettled Ford & you'll get more interest.

I think we'll have agree to disagree on this one.