Buying a car to re-sell...insurance issues?
Discussion
Shuvi McTupya said:
Understood.
But how much comeback do people really expect when they buy a 13 yr old snotter for £500?
It's always going to be a risk!
That's the point, if you're a trader, they DO have a comeback, especially if a trader sells a snotter for £500 but it doesn't start due to electrical faults.But how much comeback do people really expect when they buy a 13 yr old snotter for £500?
It's always going to be a risk!
Shuvi McTupya said:
Understood.
But how much comeback do people really expect when they buy a 13 yr old snotter for £500?
It's always going to be a risk!
You would be surprisedBut how much comeback do people really expect when they buy a 13 yr old snotter for £500?
It's always going to be a risk!
To someone at that end of the market, thats a lot of money - it could be their entire savings. Its probably several weeks pay so they've worked hard for it.
They've also probably got very little spare cash, so they wont have budgeted for ANY repair costs, so they are going to come to YOU in the first instance and make that YOUR problem.
They will have read online about "their rights".
They wont understand the difference between a fault and reasonable wear and tear.
They will think buying a £500 car gives them the same rights as buying a brand new one from a Ford dealer.
They will think nothing of throwing all sorts of wild accusations at you, ringing Trading Standards, taking you to court, etc, etc for the most trivial of problems because "they know their rights".
They'll take it to their mechanic who are generally doom and gloom merchants and he will give them a list the length of their arm of "problems" with the car. Leading to the "my mechanic says" irate phone call...
OR they'll take it to quick fit who'll insist it needs four new tyres, discs and pads all round and an exhaust, bill them £1,000 and then the customer will pursue you for it.
They will likely suffer from buyers remorse at some point - their dad / son / sister / mother / friend / work colleague will tell them they've bought a pup and it will become YOUR problem.
The Spruce goose said:
When you go to a car auction to look, I thought you can't just bid you have to register. Also is the 300 without fees or including them, add the trailer cost you still going to sell for 500?
The story just doesn't add up to me.
Hes bought a £300 car blind that looked cheap going through the ring thinking he could make £200 without doing his homework on costs or due diligence on checking the car before / as it went through.The story just doesn't add up to me.
At £300 i'd be surprised if it had any MOT - probably a couple of months at best.
I remember one evening watching a 200,000 mile Passat go through an auction and it making maybe £430 + fees of £90. Saw it on the next day on gumtree for £595.... not a mission they made any viable profit on it but it probably "looked" like an easy £150 for taking it home and washing it when they were bidding.
daemon said:
Hes bought a £300 car blind that looked cheap going through the ring thinking he could make £200 without doing his homework on costs or due diligence on checking the car before / as it went through.
At £300 i'd be surprised if it had any MOT - probably a couple of months at best.
I remember one evening watching a 200,000 mile Passat go through an auction and it making maybe £430 + fees of £90. Saw it on the next day on gumtree for £595.... not a mission they made any viable profit on it but it probably "looked" like an easy £150 for taking it home and washing it when they were bidding.
I've known a few traders buy a car just so that they have something to drive home in.At £300 i'd be surprised if it had any MOT - probably a couple of months at best.
I remember one evening watching a 200,000 mile Passat go through an auction and it making maybe £430 + fees of £90. Saw it on the next day on gumtree for £595.... not a mission they made any viable profit on it but it probably "looked" like an easy £150 for taking it home and washing it when they were bidding.
spikeyhead said:
daemon said:
Hes bought a £300 car blind that looked cheap going through the ring thinking he could make £200 without doing his homework on costs or due diligence on checking the car before / as it went through.
At £300 i'd be surprised if it had any MOT - probably a couple of months at best.
I remember one evening watching a 200,000 mile Passat go through an auction and it making maybe £430 + fees of £90. Saw it on the next day on gumtree for £595.... not a mission they made any viable profit on it but it probably "looked" like an easy £150 for taking it home and washing it when they were bidding.
I've known a few traders buy a car just so that they have something to drive home in.At £300 i'd be surprised if it had any MOT - probably a couple of months at best.
I remember one evening watching a 200,000 mile Passat go through an auction and it making maybe £430 + fees of £90. Saw it on the next day on gumtree for £595.... not a mission they made any viable profit on it but it probably "looked" like an easy £150 for taking it home and washing it when they were bidding.
To address a few points raised.
I didn't have to register to bid, I just stuck my Hand in the air when I saw something shiny.
The car in question has 10 months MOT.
Having now driven it, it drives very well indeed and is immaculate apart from a couple of blemishes that you would expect.
I thought that traders or dealers or what ever were allowed to sell cars with no warrantee or 'bought as seen' . Obviously I was wrong, you expect others to behave like you do and personally I have never tried to return a snotter or complain about it. I always figured it was luck of the draw, or get inspection done first.
But I am taking all your points on board and I accept I have just jumped in with both feet like an idiot. It's a nice little motor though as far as I can tell!
I didn't have to register to bid, I just stuck my Hand in the air when I saw something shiny.
The car in question has 10 months MOT.
Having now driven it, it drives very well indeed and is immaculate apart from a couple of blemishes that you would expect.
I thought that traders or dealers or what ever were allowed to sell cars with no warrantee or 'bought as seen' . Obviously I was wrong, you expect others to behave like you do and personally I have never tried to return a snotter or complain about it. I always figured it was luck of the draw, or get inspection done first.
But I am taking all your points on board and I accept I have just jumped in with both feet like an idiot. It's a nice little motor though as far as I can tell!
Edited by Shuvi McTupya on Friday 4th August 16:42
Shuvi McTupya said:
To address a few points raised.
I didn't have to register to bid, I just stuck my Hand in the air when I saw something shiny.
The car in question has 10 months MOT.
Having now driven it, it drives very well indeed and is immaculate apart from a couple of blemishes that you would expect.
I thought that traders or dealers or what ever were allowed to sell cars with no warrantee or 'bought as seen' . Obviously I was wrong, you expect others to behave like you do and personally I have never tried to return a snotter or complain about it. I always figured it was luck if the draw, or get inspection done first.
But I am taking all your points on board and I accept I have just jumped in with both feet like an idiot. It's a nice little motor though as dark as I can tell!
Thats great RE: the long MOT. Worrying that it has a known intermittent issue that meant the seller saw fit to dump it through an auction though. That WILL bite you on the arse at some point.I didn't have to register to bid, I just stuck my Hand in the air when I saw something shiny.
The car in question has 10 months MOT.
Having now driven it, it drives very well indeed and is immaculate apart from a couple of blemishes that you would expect.
I thought that traders or dealers or what ever were allowed to sell cars with no warrantee or 'bought as seen' . Obviously I was wrong, you expect others to behave like you do and personally I have never tried to return a snotter or complain about it. I always figured it was luck if the draw, or get inspection done first.
But I am taking all your points on board and I accept I have just jumped in with both feet like an idiot. It's a nice little motor though as dark as I can tell!
No, traders cannot sell a car "sold as seen". It has to be as described and free from faults (unless sold with the faults known and acknowledged by the customer).
People WILL return a snotter. They WILL complain about it. Peoples expectations of a £500 car are through the roof.
Are we getting into semantics here?
I can't sell it 'as seen' but I can sell it 'as described' .
So provided I warn them that it may have an ignition issue and get them to sign a disclaimer I am fine?
Just to add a little context.
I might just keep it!
I can't sell it 'as seen' but I can sell it 'as described' .
So provided I warn them that it may have an ignition issue and get them to sign a disclaimer I am fine?
Just to add a little context.
I might just keep it!
Edited by Shuvi McTupya on Friday 4th August 17:35
you sell the car as spare repairs with fault listed i can't see any come back. i think when people don't list a fault and sell as trade there is an issue.
The problem with you being honest you may as well just stick it back in the auction as another poster said, it might be immaculate but it is an old car with a very small amount of potential buyers, even less with a known fault.
The problem with you being honest you may as well just stick it back in the auction as another poster said, it might be immaculate but it is an old car with a very small amount of potential buyers, even less with a known fault.
To be honest it's not my cup of tea either.
The starting ' problem' could even be that the last owner didn't understand that you had to nudge the gear stick over to the right before it will start. I didn't know that and I couldn't start it either. I had to get the auction guy to show me how to do it!
The starting ' problem' could even be that the last owner didn't understand that you had to nudge the gear stick over to the right before it will start. I didn't know that and I couldn't start it either. I had to get the auction guy to show me how to do it!
The Spruce goose said:
you sell the car as spare repairs with fault listed i can't see any come back. i think when people don't list a fault and sell as trade there is an issue.
The problem with you being honest you may as well just stick it back in the auction as another poster said, it might be immaculate but it is an old car with a very small amount of potential buyers, even less with a known fault.
No. Absolutely wrong. You cant sell it as "spares or repairs" then let them drive it off your driveway. The only time that truly holds water is if you get them to come and trailer it away.The problem with you being honest you may as well just stick it back in the auction as another poster said, it might be immaculate but it is an old car with a very small amount of potential buyers, even less with a known fault.
You would be trying to avoid your responsibilities under the CRA 2015.
Shuvi McTupya said:
Are we getting into semantics here?
I can't sell it 'as seen' but I can sell it 'as described' .
So provided I warn them that it may have an ignition issue and get them to sign a disclaimer I am fine?
Just to add a little context.
No, its not semantics - it must be as described. If its being sold as a fully functional car with no faults, then it must be a fully functional car with no faults.I can't sell it 'as seen' but I can sell it 'as described' .
So provided I warn them that it may have an ignition issue and get them to sign a disclaimer I am fine?
Just to add a little context.
IF IF IF you can get a buyer to sign on a line to say the car has a known intermittent fault that causes it to not start and that it is their responsibility to sort it out, then yes you can sell it like that. Not a mission of anybody buying it under those terms though.
Shuvi McTupya said:
Spares or repairs??
You simply have to be joking?
Its barely run in
I suspect that the 'fault' might be battery problems because the car was never used. It has done 3k a year..
I would check the earth strap and the battery terminals.You simply have to be joking?
Its barely run in
I suspect that the 'fault' might be battery problems because the car was never used. It has done 3k a year..
Edited by Shuvi McTupya on Friday 4th August 17:49
Shuvi McTupya said:
To be honest it's not my cup of tea either.
The starting ' problem' could even be that the last owner didn't understand that you had to nudge the gear stick over to the right before it will start. I didn't know that and I couldn't start it either. I had to get the auction guy to show me how to do it!
Could well be the car was just disposed of through the auction by a dealer who doesnt want to be bothered with older stock. You could maybe ask the auction house? There was a big dealer group who did disposals through our local auction on a monday night - i used to specifically buy their cars. They dumped all their trade ins beyond retailable age through, not just the duff stuff or stuff that had already been pawed over by the trade and rejected for whatever reason.The starting ' problem' could even be that the last owner didn't understand that you had to nudge the gear stick over to the right before it will start. I didn't know that and I couldn't start it either. I had to get the auction guy to show me how to do it!
Buzz about in it, try starting it repeatedly, try starting it from cold, hot, warm, etc.
See if you can find a fault.
If you cant, advertise it, and make it clear to the buyer - and write on the invoice - "No warranty implied or given, due to age and price of vehicle".
If you get a phone call in a week with them roaring and shouting about it sometimes not starting either have it professionally diagnosed and fixed or get them to return it for a refund and dump it through the auctions.
See if you can find a fault.
If you cant, advertise it, and make it clear to the buyer - and write on the invoice - "No warranty implied or given, due to age and price of vehicle".
If you get a phone call in a week with them roaring and shouting about it sometimes not starting either have it professionally diagnosed and fixed or get them to return it for a refund and dump it through the auctions.
daemon said:
Buzz about in it, try starting it repeatedly, try starting it from cold, hot, warm, etc.
See if you can find a fault.
If you cant, advertise it, and make it clear to the buyer - and write on the invoice - "No warranty implied or given, due to age and price of vehicle".
If you get a phone call in a week with them roaring and shouting about it sometimes not starting either have it professionally diagnosed and fixed or get them to return it for a refund and dump it through the auctions.
That was my thought process already. If I can't find a fault In a week then there probably isn't one. The only reason I know about a possible problem is only from the guy who dropped the car off at the auction. Maybe he just didn't know how to start it and there is nothing wrong with it. And the car did come from a Peter Vardy dealership so I am sure they just wanted rid.See if you can find a fault.
If you cant, advertise it, and make it clear to the buyer - and write on the invoice - "No warranty implied or given, due to age and price of vehicle".
If you get a phone call in a week with them roaring and shouting about it sometimes not starting either have it professionally diagnosed and fixed or get them to return it for a refund and dump it through the auctions.
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