Why people wont buy car privately with manufactures warranty

[V8Smith]

Im currently selling a 65 plate RRS, good spec, low miles and its priced the lowest on the current market by some margin, but all I get are traders offering low figures without seeing the car. Ive not had one serious private buyer call me in 3 months.

It appears people are afraid of buying a car at £51k privately, despite the car comes with the remainder of the 3 years manufacturers warranty and the next 4 services free also? I know finance can be an issue, but I do know a broker that can finance a private purchase and have added that in the advert, but it doesnt appear to help.

Any thoughts, is this just a perception thing? would you have any issues buying a car privately, if it came with warranty and finance was available from the UKs largest car finance broker Oracle?

Be interested to know your thoughts.

Cheers
Mike

[PrancingHorses]

I sold my 2015 HSE standard bog spec car with 24k miles for £55k to a private buyer in March. He took finance from someone I introduced him too as well. Was painless. Where have you advertised? Mine sold on ebay with NIL enquiries via Pistonheads!

[Triple7]

It because most peeps don't have £50k lying around and need to finance.....and prefer the confidence of buying from a dealer and keeping it all in house, plus part-ex etc.......

[Triple7]

PrancingHorses said:

I sold my 2015 HSE standard bog spec car with 24k miles for £55k to a private buyer in March. He took finance from someone I introduced him too as well. Was painless. Where have you advertised? Mine sold on ebay with NIL enquiries via Pistonheads!

Pistonheads no good anymore, Autotrader better......

[V8Smith]

It's on Autotrader, maybe I should give eBay a go, cheers

Mike

[LaurasOtherHalf]

Triple7 said:

It because most peeps don't have £50k lying around and need to finance.....and prefer the confidence of buying from a dealer and keeping it all in house, plus part-ex etc.......

This. 99.999999% of buyers will need some help in their transaction. The 0.0000005% of what are left can't be arsed with being fleeced by "minority" part time dealers so you're left with a tiny 0.0000005% who would actually try and root out a genuine seller bargain by an honest seller.

That's before you consider what type of people try and sell a £50k Range Rover for cash, and how you consider the type of people not willing to deal with those sellers.

Allegedly.

[Triple7]

Try tootle.co.uk

[philcray]

I have bought a few relatively expensive cars privately and prefer this way as you can meet the actual owner and get a feel for if it has been looked after, as well as saving money on buying from a dealer (which offers no real benefits as a cash buyer and if the car is still under warranty).

The bottom line is it always comes down to price, a quick check on webuyanycar gives a good idea of the the trade price and most buyers will be looking to pay closer to this than what a dealer is selling for. I had a look at your car on Autotrader and there are a number of similar ones for sale (including at LR main dealer) for more or less the same price.

For a sale, you really have to stick £2k or £3k on top of the trade offer and there is a good chance it will sell. Also it is depreciating every month so the longer it takes to sell....

[Brave Fart]

OK, my thought is that you need to be under the price that approved main dealers are setting - for example a car in South Wales with similar mileage to yours and it's around £48k.
Don't get me wrong, yours is a lovely example, but you can't offer part exchange even if Oracle can arrange finance. Plus people may perceive that a dealer offers more security than a private seller - approved used has a 2 year warranty, for instance.

I think your Autotrader ad would benefit from a few more photos too - the boot space one is blurry. I have no idea what dealers have offered you, but it looks to me like you're about £3k optimistic. Just my thoughts - good luck with your sale.