Private sale - 100% record

Private sale - 100% record

Author
Discussion

Wilmslowboy

Original Poster:

4,214 posts

207 months

Monday 11th September 2017
quotequote all
Ads been up just over a couple of days, had three email contacts - All three scammers.

And we begrudge SOR agents their fees

Wilmslowboy

Original Poster:

4,214 posts

207 months

Wednesday 13th September 2017
quotequote all
EL77 said:
What is the scam?
one was swap for residential & commercial property...the other involved an agent, south of France and Italy.


saying that my faith in the human race has been returned.

Two sensible, polite and enthusiastic callers today.

Fingers crossed.

Wilmslowboy

Original Poster:

4,214 posts

207 months

Saturday 30th September 2017
quotequote all
The saga continues

Dropped the price ...by £5k (see graph below)

String of offers (Tarde and private at about the same range) -

No viewers but 5 offers via email/ text/phone etc
Viewing booked in for today but just been cancelled by text. (Had it cleaned and then avoided driving it during the week)

This private selling is much harder than it needs to be.


I know the answer is always price but below is a distribution of all similar cars, with sub 10k miles.

Mine is the Red dot....about £15k behind similar cars.







Wilmslowboy

Original Poster:

4,214 posts

207 months

Saturday 30th September 2017
quotequote all
Drclarke said:
Why are people making offers before they have even seen the car?!?!

Tyre kickers!
I assume its a combination of things

Near new car - so kind of know what to expect
I have a full inspection report & video from the last service (2 months ago), that I share with them (body, brake, tyre inspection etc)
They have a budget in mind and don't want to travel (waste anyone's time) if the car cant be got at budget.

The best trade bid (from a very serious McLaren buyer) is just 1.3% below the best private bid.



I genuinely think I priced it too low (for private buyers) - trade always have a price (value) in mind, where as I think private buyers (in the main) just want n% off.


I was selling because I wanted to get into a 720s sooner....but at this rate I will wait till spring (even if the car sells for £5k less than current bids) at least I'll get 6 months more use out of it.









Wilmslowboy

Original Poster:

4,214 posts

207 months

Saturday 30th September 2017
quotequote all
yep price

Trade on my car is just shy of £150k - I know this because I have had two offers at this in the last week....this means retail on my car (from a dealership would be mid to late £160ks (supported by the fact advertised prices for 15 plate cars with sub 10k miles are £169k (mine has half this miles)

I'm looking for a couple % more from a private buyer - who could potentially save themselves £15k plus - yet the private offers have as near as damit matters been the same as the trade bids.

The spread between trade and retail is £20k (about 12%)...it appears to sell to a private buyer I need to give 90% of this benefit to them...