Selling privately
Discussion
Tempted by a Gallardo, partly because I like the car and partly because I believe values will start to climb significantly; they've been pretty static for a number of years now.
My concern is, when it comes time to sell, how realistic is it to sell a car worth, say, £80k-£100k to a private purchaser? I don't want to be trapped into only being able to sell to the trade and taking the inevitable hit.
My concern is, when it comes time to sell, how realistic is it to sell a car worth, say, £80k-£100k to a private purchaser? I don't want to be trapped into only being able to sell to the trade and taking the inevitable hit.
Budget for the spread, and anything else is a bonus.
Selling privately not particularly easy with those sums involved. Dealers provide finance and the reassurance of a large building you can walk into and kick off at someone sat behind a desk if your purchase goes sour.
So long as you price your car sensibly (too many private sellers seem to think they can ask as-near-as-dammit forecourt prices) then you might find a buyer. Alternatively you could be waiting weeks and not be in a position where you can or want to wait that long... nothing is certain.
Lastly, as said above, what makes you think there is necessarily going to be an upward trend in Gallardo prices if they've stayed static this long?
Selling privately not particularly easy with those sums involved. Dealers provide finance and the reassurance of a large building you can walk into and kick off at someone sat behind a desk if your purchase goes sour.
So long as you price your car sensibly (too many private sellers seem to think they can ask as-near-as-dammit forecourt prices) then you might find a buyer. Alternatively you could be waiting weeks and not be in a position where you can or want to wait that long... nothing is certain.
Lastly, as said above, what makes you think there is necessarily going to be an upward trend in Gallardo prices if they've stayed static this long?
rubystone said:
Yipper said:
Gallardo manual prices have risen around 20% in the past few months. The market is quietly moving.
Asking prices maybe, but it is what they sell for that counts.Wilmslowboy said:
Regards selling private
Any decent (and reputable) dealer will sell on SOR for around £5k.
They will appeal to many more potential buyers than a private seller (therefore command a higher price) - so could end up being a no cost transaction for you.
This.Any decent (and reputable) dealer will sell on SOR for around £5k.
They will appeal to many more potential buyers than a private seller (therefore command a higher price) - so could end up being a no cost transaction for you.
Most people would expect this kind of discount when purchasing privately due to the associated risks with doing so.
Yipper said:
Prices are definitely rising. And they are selling. Looks like a ~£175k one sold in the UK a few weeks ago. And a manual LP has just gone on sale this week in the US for ~£240k, up from ~£120k when it was last sold two years ago. People are starting to realise there will probably never again be a gated manual from Ferrari, Lambo, etc.
Did it sell for £175k though? And what exchange rate are you using for the US car?I've sold several cars privately at that kind of value and it can be a bit of a pain. That being said, it can also be beneficial to. I would say, generally only do it if you are not in a hurry to sell. I've got quite a few cars and every now and then move one on. As long as you are realistic with your pricing it shouldn't be an issue.
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