Part Exchange or Private Sale?
Part Exchange or Private Sale?
Author
Discussion

MrKemp

Original Poster:

44 posts

181 months

Monday 24th March 2014
quotequote all
Hi,

I am about to start looking for a new Aston, but am deliberating if I should first try and sell my 2006 Vantage privately or go straight into a part exchange with a main dealer. Has anyone had any experience of selling an Aston privately e.g. do you get many people interested or just time wasters and test pilots trying to get a drive in one?

I personally would not buy privately, but that does not mean no on else would. I guess I could get a bit more £££'s by selling privately but not sure if I want the hassle of letting people test drive and all that business. I have sold lots of cars privately before but nothing like an Aston.

Any advice from other people that have sold privately would be great.

Kind Regards
ScottK

Edited by MrKemp on Monday 24th March 13:28

X7LDA

940 posts

234 months

Monday 24th March 2014
quotequote all
I sold my first Aston privately. Had a couple of time wasters. One who came out and saw it twice, was annoyed I wouldn't let him test drive (I took him out in it both times) and then after asking every question under the sun, meeting the servicing dealer and checking through all receipts he finally offered me £30k - car was advertised at £39k and was immaculate. Told me he couldn't afford any more, no other reason!!

Finally sold it to someone for a few hundred under asking price and he was great to deal with. Have had a few bad experiences in the past with previous cars however.

The only question you need to ask yourself is: can you afford to wait?

I just sold my Aston to a dealer, in p/x for a F430 Spider. I really wanted the F430 and he had interest in it so did the deal on a p/x basis. Worked out it maybe cost me £3k but got the car I wanted from it. Had I not been in a rush to sell / replace I would have advertised privately again and then waited. It can take months however - so be prepared. Particularly if your car doesn't stand out from the rest for any specific reason.

Tips for selling privately: be honest. List all good points and list all bad points. Every car has both! Get clear pictures in good light showing as much detail as possible.

petop

2,408 posts

196 months

Monday 24th March 2014
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I have my 911 for sale for a week now and had not one phone call. Its not too dear or too low and is a decent spec C4S. Now im tempted to go for the PX option when i come to get a Vantage. Im going to wait a little longer then drop the price but someone will end up getting a well maintained, FPSH, immaculate car for a lot less than i would like.

snuffy

13,295 posts

314 months

Monday 24th March 2014
quotequote all
It depends if you are prepared to wait. I'm not, so when I got my AM, I traded in my Noble. 3 weeks ago I decided the Vantage was not for me, 1 week ago I got my GT-R, so it took me just 2 weeks from decision to owning my new car. I could not be doing with the wait. Having said that, I sold my Esprit Sport 350 privately. I knew the chap was interested as he travelled 200 miles to see it, so he would not have done that if he was not serious.

MrKemp

Original Poster:

44 posts

181 months

Monday 24th March 2014
quotequote all
I recently saw an N400 I was interested in but that has been sold by dealer so happy to wait for next one to come up (but guess they are not that common). I am tempted to try and advertise it privately but I do need to get the alloys refurbed before advertising.

Just concerned about letting people test drive it. I guess I would be looking at an extra 4-5k by selling privately as dealer a few months back offered rock bottom price for it.

franki68

11,667 posts

251 months

Monday 24th March 2014
quotequote all
Its a weird one,I sold my gallardo in seconds and could have sold it ten times due to the enquiries ,I ensured it had just been serviced and also happened to price it as the cheapest spyder you could buy at that point.
I stuck the dbs on here for week last year ,without naming names one chap drove me mental ,asking for loads of details and photos and all sorts ,he then pulled out at the last minute and spent another god knows how much extra buying a car from a main dealer,no problem with that,but he really did waste a huge amount of my time.
I see private cars advertised at more than dealer prices,so I think it depends what you price the vehicle at.Ensure all the work that needs doing is done,provide full inspection reports if possible and price it as realistically as you can £2k under a dealer price is not realistic.If you do all that you can sell privately.

MrKemp

Original Poster:

44 posts

181 months

Monday 24th March 2014
quotequote all
Yes I do intend to price mine to sell so probably be one of cheapest out there. There are people asking stupid prices for V8s with 65k mileage. I think I saw one for £34k with that mileage. Crazy.

Phil74891

1,086 posts

163 months

Monday 24th March 2014
quotequote all
I would try and determine a price you are prepared to pay for not having to deal with the hassle of selling privately.

If you trade your car in you won't have to deal with advertising, responding to enquiries, filtering out serious buyers, negotiations, test drives, receiving funds, possibly being let down, possible comeback if something goes wrong with the car etc etc.

It would be so much easier to drive up to an AM dealer in your old car and drive out in the new one. But what is the cost of that? Go and see some and find out.

Personally, I think $2-3k would be well worth it......any more and I'd try and sell privately and be a cash buyer.

cayman-black

13,268 posts

246 months

Monday 24th March 2014
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Get the best p/x price then put a add on here for £2k more. Iam sure it would be a great price and sell!

jazzyjeff

3,652 posts

289 months

Monday 24th March 2014
quotequote all
MrKemp said:
I personally would not buy privately,
Just curious...why is that? Is it a security thing? Or something else? You'd undoubtedly get more car for your money...

jazzyjeff

3,652 posts

289 months

Monday 24th March 2014
quotequote all
cayman-black said:
Get the best p/x price then put a add on here for £2k more. Iam sure it would be a great price and sell!
I'd add more than £2k. It's human nature - buyers will always want to knock you down in price, even if you've priced ridiculously low!

avinalarf

6,438 posts

172 months

Monday 24th March 2014
quotequote all
jazzyjeff said:
MrKemp said:
I personally would not buy privately,
Just curious...why is that? Is it a security thing? Or something else? You'd undoubtedly get more car for your money...
If there is a problem down the line little or no chance of any remedy.
Very subjective but buying from a main or respected dealer one at least gets a year warranty and a reasonable chance of a fault being put right,not fail safe I know but better than nothing.
Also depends on how much mechanical knowledge of cars you have and if not you might need to have it gone over by a garage before purchase.
The same with selling privately,you might have the time and patience to faff about some may not.

MrKemp

Original Poster:

44 posts

181 months

Monday 24th March 2014
quotequote all
I'm looking for a warranty (Aston) and also feel a bit more comfortable buying through main dealer. That's not to say I wouldn't find a better car on private market.

cayman-black

13,268 posts

246 months

Monday 24th March 2014
quotequote all
jazzyjeff said:
I'd add more than £2k. It's human nature - buyers will always want to knock you down in price, even if you've priced ridiculously low!
I know and thats why you will have it for sale for a long time.

Jay_Davis

347 posts

208 months

Tuesday 25th March 2014
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I don't quite understand why anyone would trust a dealer more. They do this all the time and are better at covering up the flaws in a car and you have no idea who the previous owner(s) is/are and how the car was treated. With a newer car that you can get an extended warranty for, there's not much advantage to using a dealer.

krisdelta

4,673 posts

231 months

Tuesday 25th March 2014
quotequote all
I purchased privately and had no concerns doing so. A very well looked after 1 owner car, clearly taken care of and enjoyed. Gives you a better sense of how it's been treated if you can meet the actual owner.

Given the market is smaller for cars of this nature, matching a car to a buyer could take a little more time than for something more mainstream.

michael gould

5,698 posts

271 months

Tuesday 25th March 2014
quotequote all
All 3 of my Astons I have purchased privately .....and have sold 2 of them privately .....never had a problem, buying and selling privately is mostly about common sense ........my present DB9 came with 14 months Aston warranty and I was able to discuss the car with the one and only owner which would be difficult if buying from a dealer

BravoV8V

1,858 posts

204 months

Tuesday 25th March 2014
quotequote all
As you already know, private sale vs part ex basically comes down to hassle vs price achieved.

Just be aware that for a 2006 Vantage, the dealer will probably offer you somewhere in the low £20ks in part ex.


PS I had no qualms buying my Vantage privately.

brakedwell

1,229 posts

229 months

Tuesday 25th March 2014
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Main dealer paid £23.5K for my son's immaculate 2006 32K mile Tungsten/black V8 V Coupe and advertised it for £35995. Don't know what they achieved, but it was sold within two weeks. (They said it needed new rear pads and a front end respray to get rid of the stone chips)

MrKemp

Original Poster:

44 posts

181 months

Tuesday 25th March 2014
quotequote all
I was offered the same for my 2006 Vantage with 49k back last month. I did a bit of haggling and managed to get them up to £24.5k but the car I wanted they flogged to someone else frown !!!

Being realistic I might possibly get around £29k for it private but would need to spend £500 getting wheels refurbed on it.