PX vs private sale vs auction
PX vs private sale vs auction
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Discussion

anonymous-user

Original Poster:

81 months

Thursday 30th November 2023
quotequote all
Buying a used car and thinking of PXing our existing one, and most places give us a price and say 'it would likely go out to trade', because it's too old or not good enough condition for them. Only just realising this means they would put it up for auction.

The PX prices have been around £1800-£2000, Gumtree prices are anything from £2500-£4000. What's the likely auction price, guessing it's somewhere inbetween? Is it ever worth putting it up for auction ourselves, or is a private sale the way to go if we want the best price (and accepting the hassle of dealing with the public ourselves)?

Moderator edit: no advertising

randlemarcus

13,646 posts

258 months

Thursday 30th November 2023
quotequote all
Presumably an actual auction carries the commissions, so you would need the sale price to be higher to account for that, and then you've got the what if nobody wants it that morning to worry about. Bang it on Gumtree and Facebook to take the temperature. If it sells, smashing.

66HFM

849 posts

52 months

Thursday 30th November 2023
quotequote all
PX is the 'easy' option, I'd try and sell it myself first as you at least as a minimum know what price the dealers have offered you. I trust you'll be able to make a better deal on your new purchase without a trade in....

'Go out to trade' means that they have a number of traders who they will contact and see if they are interesting in buying it and at what price, the other worst case option they have is WBAC. An Audi specialist I bought a couple of cars from, talking to the owner, they now use WBAC for anything they can't or won't retail

Edited by 66HFM on Thursday 30th November 14:01

anonymous-user

Original Poster:

81 months

Thursday 30th November 2023
quotequote all
66HFM said:
What car is it and a few more details as you make get a taker on here...?

PX is the 'easy' option, I'd try and sell it myself first as you at least as a minimum know what price the dealers have offered you. I trust you'll be able to make a better deal on your new purchase without a trade in....
I was thinking Gumtree but yes I could list it as a PH ad. Not in a position to sell yet but maybe before Christmas.

Wills2

29,136 posts

202 months

Thursday 30th November 2023
quotequote all

When a dealer says they will put it out to trade they normally mean they will sell it to a trader, they all have traders who buy unwanted part ex stock from them.






jeremyc

27,736 posts

311 months

Thursday 30th November 2023
quotequote all
66HFM said:
What car is it and a few more details as you make get a taker on here...?
nono Don't turn the thread into an advert please.