Price limit for private sale

[Drl22]

I’ve got a car I’m going to be trying to sell soon, it has an approximate value of £60k. What is the price limit that you can reasonably expect to sell a car at given I obviously won’t be offering finance? I assume my only route is going to be selling to trade or on SOR but just wanted to confirm.

[rix]

If its worth £100k then I'd gladly give you £60k for it! - the point being if you take a hit it will sell. That said, it will probably sell to a dealer who can retail it with all the usual facilities.

[donkmeister]

I'd wager that when you see cars going for millions at auction, they aren't going on a PCP agreement or lease...

£60k, someone will either have the money to spend (blah blah opportunity cost /ph ) or they will have sorted a loan to buy it. Either way you'll get the money by transfer (unless you favour carrier bags of used notes...). No different to a £6k or £600k car really.

What is it, out of interest?
ETA if it's the Huracan... I'll give you £60k

Edited by donkmeister on Monday 20th January 21:04

[Drl22]

donkmeister said:

I'd wager that when you see cars going for millions at auction, they aren't going on a PCP agreement or lease...

£60k, someone will either have the money to spend (blah blah opportunity cost /ph ) or they will have sorted a loan to buy it. Either way you'll get the money by transfer (unless you favour carrier bags of used notes...). No different to a £6k or £600k car really.

What is it, out of interest?
ETA if it's the Huracan... I'll give you £60k

Edited by donkmeister on Monday 20th January 21:04

Haha, no it’s not the Huracan it’s the Cayenne that is going to be making way soon.

I guess I’ll try a private sale first, I just assumed the market for people buying a car privately at this cost would be small but it’s worth a go.

[jjr1]

I sold my Porsche for 62k privately and plenty of interest. The market is naturally smaller but a heck of a lot better than selling at low trade prices.

[Drl22]

jjr1 said:

I sold my Porsche for 62k privately and plenty of interest. The market is naturally smaller but a heck of a lot better than selling at low trade prices.

That’s very good to hear, I was devastated at the idea of selling at trade prices.

[Wacky Racer]

It would be extremely foolish to leave any car worth 60k with anyone on SOR.

Too many horror stories of even long established dealers folding....

I learnt my lesson with a £5000 motorbike.

[Mr Tidy]

Wacky Racer said:

It would be extremely foolish to leave any car worth 60k with anyone on SOR.

Too many horror stories of even long established dealers folding....

I learnt my lesson with a £5000 motorbike.

Exactly - I'd never consider SOR.

Even dealing with the pain of a private sale is preferable, and you'll probably get a better return anyway!

[h0b0]

I bought my Cayenne privately. I took the seller to my bank and had them transfer the money.

[V8RX7]

Recently sold £34k and £46k

It took a few months and there weren't many enquiries

In fairness a couple of the Trade offers were pretty good (in hindsight)

Very much depends on the car - I think you might struggle as mine were all niche.

[livinginasia]

I bought a car for £60k cash, but it was a rare 996 GT3 that I sold later for a profit. Not sure I would spend £60k on a car that will depreciate - something like that I would want to lease so I don’t own a depreciating asset.

[phumy]

I paid >£75k privately for a car last August, no issues and no problems.