Selling a V8V privately

[mikees]

Thinking of swapping to a classic 911, and speaking to AM dealers they are bidding low. Suggesting 35k for an 08, with 20k miles, manual, 4.3. Suggest they'll list at 43. Warranty till April.

Anyone sold privately ?

And don't suggest WBAC ! :-)

Cheers
Mike

Ps might keep it not decided yet. Only did 2k miles in last year as have 2 other cars to use

[espritgt3]

PM sent, I'm on the lookout for a good car.

[mikees]

Not received anything

[J12KJR]

PH emails haven't been working

[gilbo]

I was/am interested in selling mine and had a few PH'ers show an interest in it, so I'm sure you'd not have much trouble selling privately. Stick it up in the classifieds and see what happens. Nothing to lose

[espritgt3]

Hi Mike,

If message system not working, if you drop me text on 07979 153553 I'll give you a quick call back.

Kind regards

Lee

[FFM]

I am in the same situation, I am thinking buying V12V or F430 from my Vantage 4.7 manual with Sports-pack. I see dealers bidding very aggressively despite the V8 being an easy sell in this market and price-range, in my opinion.
I have been monitoring prices for several years before buying and then decided to do so last May from Stratstone AM (for £48.5). Since then, I have seen prices continue on the upward trend (now a very similar car is c.a. £50k at official dealer).

Despite that, some other dealers suggested they would list at 47/48, but honestly I see little reasons for almost a 3k discount vs. Stratsone listed prices, which are always up-to-date and are an excellent proxy for the Vantage market (for instance, I haven't got a penny off when I bought mine).

At this point, I say probably it's worth trying selling privately, especially if you have a car ticking all the boxes (decent spec, been properly looked after, full stamps/service history, possibly, a balance of official AM warranty etc.)

Btw, what are the steps when selling privately from when a price is agreed? Could you please share a link to another discussion detailing the process please?

Thank you

[Ken Figenus]

The issue with selling privately is ensuring 100% cleared funds actually IN your account before you sign the V5 for the new owner and also them having fully comp insurance for their test drive.

I declined to buy a private sale car once as I would never buy one that I havent driven and the owner wasn't willing for me to drive his P&J without the above (I had a deposit and 3d party...). Maybe there are ways around it - say money back if you aren't happy with it and bring it back within an hour of sale?

[JonV8V]

I advertised my v8s on auto trader and had 3 dealers ring and one bought albeit at a fairly chunky discount to my fairly strong price. I'd just had it serviced at stratstones but they wouldn't even bid for it and I suspect the dealer who did had customers lined up as I've not seen it advertised. It seemed the easiest way to sell to a dealer as I was sceptical many private buyers would want to buy private.

As an aside it just felt like a ticking time bomb, 2 years old, under 10k miles on the clock, it had already had the drivers door painted because of bubbles, chrome trim had fallen off, paddy had detailed it and said the paint was wafer thin on the edges and had to extra careful and the dealer that bought it found more bubbles/corrosion on the other door (bottom front corner) requiring that door needing a respray. He'd bought enough of them to know exactly where to look. Breaks my heart that they can't get something that is historically a source of pride right anymore.

[Murph7355]

Ken Figenus said:

The issue with selling privately is ensuring 100% cleared funds actually IN your account before you sign the V5 for the new owner and also them having fully comp insurance for their test drive.

I declined to buy a private sale car once as I would never buy one that I havent driven and the owner wasn't willing for me to drive his P&J without the above (I had a deposit and 3d party...). Maybe there are ways around it - say money back if you aren't happy with it and bring it back within an hour of sale?

I'm not convinced that most people would gain anything whatsoever from a test drive.

Better to spend the time and money on an inspection. If I were a private seller I'd be far more keen on dealing with someone who wanted that than their first 10mon spin in a car.... But one of the reasons I didn't really entertain a private sale was dealing with test pilots.

[Ken Figenus]

Jeez Jon - paint bubbling is still happening on 2014 cars

[JonV8V]

Ken Figenus said:

Jeez Jon - paint bubbling is still happening on 2014 cars

Late 2013 but yes. Maybe it was a Friday afternoon car but from day 1 when I sent the car back because it was covered in buffer trails to the day I sold it when more corrosion was pointed out I've never been truly happy with the paint.

[davek_964]

I don't see why private sale is considered such a big deal. I bought my Vantage privately, I bought my Ferrari 360 privately. I sold my Ferrari 348 privately, and I sold my Porsche 996 turbo privately.

[AOK]

OP, I don't understand why you don't just do an SOR? I've mentioned this on here before, but its an absolute no brainer. You're more likely to sell the car fast, without any private-sale hassle and get a lot more money. No payment dangers or warranty problems etc. The guys I know are fantastic and take a ridiculously low commission, which is only paid when the car sells. They would easily return you over £40k on a car like yours.

Its a win-win in my eyes.

[steveatesh]

AOK said:

OP, I don't understand why you don't just do an SOR? I've mentioned this on here before, but its an absolute no brainer. You're more likely to sell the car fast, without any private-sale hassle and get a lot more money. No payment dangers or warranty problems etc. The guys I know are fantastic and take a ridiculously low commission, which is only paid when the car sells. They would easily return you over £40k on a car like yours.

Its a win-win in my eyes.

Sorry, three letter acronym blank, SOR ??

[AOK]

steveatesh said:

Sorry, three letter acronym blank, SOR ??

Apologies, 'Sale or Return'.

Your car remains in your possession, but is displayed by an appropriate dealership who act as an agent. It sits in their showroom amongst all their other stock, and if it sells for £X, you get £X minus a very small fee. If it doesn't sell, you just collect it (or adjust the price). Its essentially free stock for them, and there's always a chance they will make something extra through finance + extended warranties + future servicing etc.

Offering PX, finance, HPI, warranty, test drive, preparation, safe debit card payment etc means they have much more chance of selling it than you do privately.

Has always worked well for me.

[davek_964]

There are plenty of Ferrari owners who would argue that SOR can be very far from zero risk. Some people lost a lot of money a few years back.

SOR is certainly an option to consider and I'm sure there are good and bad dealers who offer it - but it is definitely not a guaranteed 100% safe way to sell your car.

[AOK]

davek_964 said:

There are plenty of Ferrari owners who would argue that SOR can be very far from zero risk. Some people lost a lot of money a few years back.

SOR is certainly an option to consider and I'm sure there are good and bad dealers who offer it - but it is definitely not a guaranteed 100% safe way to sell your car.

Very true, I've heard poor examples of people using seemingly well known reputable places and having their cars returned with an extra 4,000 miles as they were being hired out in the meantime, etc.

Ultimately its down to who you use, and making sure you sign a legally standing SOR agreement (not just have a verbal agreement). I know and trust the people I use, but I do agree that you need to tread carefully as with anything in life.

edit to add: with the last one, I visited them, they photographed the car on site and then I drove it home and continued using it. They had no issue with that, in fact it meant they had more space for their own stock. They got an enquiry on it so I drove it back to them a few hours before the appointment and it sold.

Edited by AOK on Wednesday 3rd February 09:00

[Ken Figenus]

Murph7355 said:

I'm not convinced that most people would gain anything whatsoever from a test drive.

Better to spend the time and money on an inspection. If I were a private seller I'd be far more keen on dealing with someone who wanted that than their first 10mon spin in a car.... But one of the reasons I didn't really entertain a private sale was dealing with test pilots.

I'm not so sure Murph, the type of buyer confident enough to look to spend a big wad privately may well know a sloppy prop shaft joint when he feels one as he eases off/on the throttle. This one would!