Are used cars selling?
Discussion
Michaelbailey said:
It is and constructive feedback is more than welcome.
I need to adjust it anyway to reflect the fact im willing to take basically no money for it so I will probably address the rambling. and it is a spectacular car, makes it all the harder to part with it for no money
Adjusted now...I need to adjust it anyway to reflect the fact im willing to take basically no money for it so I will probably address the rambling. and it is a spectacular car, makes it all the harder to part with it for no money
I spent the summer flipping cars as something to do to keep money flowing while I trained in IT. Because I'm a moron, I chose hard cars to sell and spent most of the money on cars for myself. Stuff like my EP3, LCR, Subaru's, 205 GTI and 330d all took about a month to sell, I'd price them high and aim to get lowballed around the number I wanted. eBay is a godsend, the EP3 and my 735i had been for sale for a while, I put them on eBay and they sold within 24 hours. Stuff like my Alhambra and Focus' all sold quickly, usually for good money too. As far as I see it, selling cars is a farce, not worth the stress. People are cheap, people are timewasters and people are unreliable. You'd be best just waiting until after Christmas when people can justify the spend. I'd call around some dealers, that's where my best leads for the 205 came from. Everyone else was a waste of time, had someone come see it and scrape oil into the carpets, he offered me a low price, I agreed because it was still a good profit, after 3 days of him messaging me nitpicking it and telling me how poor it was, I just told him to go spend £5k on one, sold it to a guy for the same price in Wales. He didn't even come see the car, he's restoring it with his kids. For me, it's just as much who you sell it to as what you sell it for. Good luck with it.
aaron_2000 said:
it's just as much who you sell it to as what you sell it for
Thats what i found when i was trading. You really had to pick your customer. You got to be able to spot the potential troublemakers and either offer them a deal that gave you max profit for the potential upcoming pain knowing that chances are they would decline it or gave them no reason to buy and let them walk.Deep Thought said:
aaron_2000 said:
it's just as much who you sell it to as what you sell it for
Thats what i found when i was trading. You really had to pick your customer. You got to be able to spot the potential troublemakers and either offer them a deal that gave you max profit for the potential upcoming pain knowing that chances are they would decline it or gave them no reason to buy and let them walk.aaron_2000 said:
I just had to ask myself if it was worth all the stress and spending a cold night haggling with 2 guys over £50. It absolutely wasn't. Especially when it started out as me just having fun, buying the cars I always wanted to drive. I'm happy I did it, I like looking back at a picture of a freshly polished red 205 GTI next to my Leon and my ST with the Mischief TV Mondeo in the background all in the bright July sun. I only kept them for a month at a time, but I made some good memories doing so. It's made me much better at getting a good deal on stuff too, so I guess it was worth it. I just can't be arsed dealing with the countless timewasting morons, the ones that just ask you what your lowest price is, expecting you to lowball yourself.
Yes, i threw the towel in years ago for the same reasons, and according to trader friends and the likes of yourself, it only seems to have got worse.POORCARDEALER said:
The "classic" market is going through a price adjustment period at the minute, downwards.
Modern classics....not much market for most of them in reality, I can sell an e type, aston, lotus, even mgb much faster, easier and for more profit than Corrados, XR3s and the ilk. There is plenty of chat about them on the net but little action when it comes to selling, unless they are uber low mileage original cars of show quality.
I think that hits the nail on the head. Modern classics....not much market for most of them in reality, I can sell an e type, aston, lotus, even mgb much faster, easier and for more profit than Corrados, XR3s and the ilk. There is plenty of chat about them on the net but little action when it comes to selling, unless they are uber low mileage original cars of show quality.
Deep Thought said:
Yes, i threw the towel in years ago for the same reasons, and according to trader friends and the likes of yourself, it only seems to have got worse.
But to put an alternative view on this, why should you buying and flipping cars be expected to be profitable for you? What value have you added? None.As a buyer can access to the internet in order to get lots and lots of info beforehand, you arent going to be able to bluff mugs as much any more.
I can understand the annoyance with timewaster buyers but they are just doing what you yourself have done but in reverse. Youre flipping the cars, they know this. They are chancers, so are you.
Edited by danlightbulb on Friday 30th November 15:06
Deep Thought said:
POORCARDEALER said:
The "classic" market is going through a price adjustment period at the minute, downwards.
Modern classics....not much market for most of them in reality, I can sell an e type, aston, lotus, even mgb much faster, easier and for more profit than Corrados, XR3s and the ilk.
I think that hits the nail on the head. Modern classics....not much market for most of them in reality, I can sell an e type, aston, lotus, even mgb much faster, easier and for more profit than Corrados, XR3s and the ilk.
RJG46 said:
Deep Thought said:
POORCARDEALER said:
The "classic" market is going through a price adjustment period at the minute, downwards.
Modern classics....not much market for most of them in reality, I can sell an e type, aston, lotus, even mgb much faster, easier and for more profit than Corrados, XR3s and the ilk.
I think that hits the nail on the head. Modern classics....not much market for most of them in reality, I can sell an e type, aston, lotus, even mgb much faster, easier and for more profit than Corrados, XR3s and the ilk.
danlightbulb said:
But to put an alternative view on this, why should you buying and flipping cars be expected to be profitable for you? What value have you added? None.
As a buyer can access to the internet in order to get lots and lots of info beforehand, you arent going to be able to bluff mugs as much any more.
I can understand the annoyance with timewaster buyers but they are just doing what you yourself have done but in reverse. Youre flipping the cars, they know this. They are chancers, so are you.
Every car I've ever sold, bar a few I've always tried to add at least something. For some that was just a hefty deep clean, for others it was gearbox work. The only 2 I can think of that I didn't do this to were the Version 6 Impreza wagon I bought, I paid £900, put it in a garage, drove it twice, then sold it a week later for £1200, didn't even clean it. The other was the most recent one, a £200 Ford Focus 2.0 Ghia, drove it daily for a week, did nothing to it, sold it for £400. As little as cleaning a car sounds, for some it's the difference between being bought by an enthusiast and being bought by a breaker. As a buyer can access to the internet in order to get lots and lots of info beforehand, you arent going to be able to bluff mugs as much any more.
I can understand the annoyance with timewaster buyers but they are just doing what you yourself have done but in reverse. Youre flipping the cars, they know this. They are chancers, so are you.
Edited by danlightbulb on Friday 30th November 15:06
aaron_2000 said:
Every car I've ever sold, bar a few I've always tried to add at least something. For some that was just a hefty deep clean, for others it was gearbox work. The only 2 I can think of that I didn't do this to were the Version 6 Impreza wagon I bought, I paid £900, put it in a garage, drove it twice, then sold it a week later for £1200, didn't even clean it. The other was the most recent one, a £200 Ford Focus 2.0 Ghia, drove it daily for a week, did nothing to it, sold it for £400. As little as cleaning a car sounds, for some it's the difference between being bought by an enthusiast and being bought by a breaker.
A lifetime ago i used to buy up my local Rover dealers trade ins and pretty much do that - i was getting them at trade price, take them home, clean them, maybe some minor work and then sell them for maybe +£200 on average. Was a great little sideline. Sometimes it was one car a week, sometimes it was 2 or 3.Gassing Station | Car Buying | Top of Page | What's New | My Stuff