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What's killing private sales,increased price of late reg cars,no warranty when paying out large sums.hassle and expense of taxing and keeping insured two cars until the new one sells and PCP on new sales. The money tied up. I would still rather sell private than give it away as part ex!
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What's killing private sales,increased price of late reg cars,no warranty when paying out large sums.hassle and expense of taxing and keeping insured two cars until the new one sells and PCP on new sales. The money tied up. I would still rather sell private than give it away as part ex!
Couldn't disagree more. Private sales allow time wasters to come who have no intention of buying. My Jaguar was on sale and 40 people viewed before I got a sale. A garage would have been much easier.
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I was offered £1,000 PEx by a VW dealer against my VW UP 2012 reg with 13,000 miles. Online tools and forums suggested a private sale would get me £1800 upwards. So I tried WBAC expecting to be ripped off, and was offered £1700. So I said I wanted at least £1800, and they agreed. I spent £50 on cleaning materials to make it look tidy inside. Maybe I could have got more privately, but an ebay ad costs ~£50, and as said there are tyre kickers, and the hassle of having to meet someone, and then avoid scams e.g. forged bank notes.
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Our local paper used to have plenty of private adds for cars but very few now. It's mostly on line now you don't see much locally.
They have fewer ads in most categories these days, the exception being property.
Why? It's the internet, of course!
Edited by Sofa Spud on 03/07/2018 at 22:56
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Our local paper used to have plenty of private adds for cars but very few now. It's mostly on line now you don't see much locally.
They have fewer ads in most categories these days, the exception being property.
Why? It's the internet, of course!
Our local used to be printed in the many thousands but since they have been online only a few get it, its an advantage on the net as they are up to date every day instead of waiting a week for it, and appear to put more in it than they did printed version.
as for selling cars I think most sell to wbac as its quicker than advertising, people I know that have tried advertising have waited months for a call, or those on the net get offered daft amounts way below the value of the motor without even looking at it, stupid imo
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First thing I ask myself when buying a car is can I sell it without incuring too much of a loss, not at all surprised that a Jag took 40 viewings to shift as they can be money pits!
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First thing I ask myself when buying a car is can I sell it without incuring too much of a loss, not at all surprised that a Jag took 40 viewings to shift as they can be money pits!
If you have the money to spend then it doesn't matter. I don't mind losing money on it is more the time wasters. I am going to charge them £50 a visit in future which should reduce my time being wasted. The successful buyer will get £25 discount then.
Your views on Jaguars is poor. They hold price very well.
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“I am going to charge them £50 a visit in future which should reduce my time being wasted.“
Gooood luck with that then. How exactly do you intend on forcing payment from people who view but then decide not to buy?
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“I am going to charge them £50 a visit in future which should reduce my time being wasted.“ Gooood luck with that then. How exactly do you intend on forcing payment from people who view but then decide not to buy?
They have to pay via PayPal for me to release the sale address
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“I am going to charge them £50 a visit in future which should reduce my time being wasted.“ Gooood luck with that then. How exactly do you intend on forcing payment from people who view but then decide not to buy?
They have to pay via PayPal for me to release the sale address
Either you’re joking, or living on another planet. I fear the latter.
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<< Your views on Jaguars is poor. They hold price very well. >>
I've never owned a Jag, or even considered doing so. Traditionally their new value plummets for a few years, so you do have to 'have the money to spend'. After that they may well hold their price, but quite likely at a high cost of maintenance. Hence the earlier remark about money pits.
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First thing I ask myself when buying a car is can I sell it without incuring too much of a loss, not at all surprised that a Jag took 40 viewings to shift as they can be money pits!
There are probably far fewer prospective buyers for a Jag than a city car for example.
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Is it possible that there has been a bit of a cultural shift though? I know there are plenty of people who just keep renewing their pcp to stay in a new car, but for those for whom that is either not an option, or just not their preference, perhaps that group are just keeping their cars longer?
I know when I was younger, I used to change my private cars regularly, mainly because I was at the banger end of the market I suppose, and I guess it seemed easier to sell a terminal rust bucket on and replace it with one that wasn't yet in intensive care.
Modern cars last longer than they did, much longer. I can remember my dad buying a new Wolseley which by the time it was 5 years old was badly rusted. My wife's 10 year old Nissan looks and drives like new.
It does seem to have been a noticeably British habit to change cars regularly. I've lived and worked in other countries a lot during my life and in most places, with the exception of the USA, they seem to keep their cars much longer.
I've certainly changed my habits on privately run cars, now I buy cars which are mildly second hand so that someone else takes the first big depreciation hit, make sure they are suitable for my/our current lifestyle and are likely to suit it long term. Then we just run them until they are done and repeat the excercise when the time comes. Instead of paying a car loan or other finance arrangement, we just save an amount each month into an otherwise unused account so that when the day comes that a new car is required, there's more than enough to just go and get one.
Old fashioned? Maybe, but it suits my mindset.
Edited by Alby Back on 04/07/2018 at 21:01
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Old fashioned? Maybe, but it suits my mindset.
Mine too. In the old days I also changed cars every 2 or 3 years, because that was common advice back then, and the dreaded tinworm was usually well established so the car needed selling on before it became too obvious. Now there is no need for that, so I stick with old cars and swop them now and again at little cost just for fun.
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now I buy cars which are mildly second hand so that someone else takes the first big depreciation hit, make sure they are suitable for my/our current lifestyle and are likely to suit it long term. Then we just run them until they are done and repeat the excercise when the time comes.
Thats what we do. My last car was kept for 25 years and only sold because I wanted air conditioning, auto transmission and power steering for my daily driver. I have had my current car for 13 years and it is still fine. My wife's car is 9 years old and we have no intention of replacing it in the foreseeable future.
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now I buy cars which are mildly second hand so that someone else takes the first big depreciation hit, make sure they are suitable for my/our current lifestyle and are likely to suit it long term. Then we just run them until they are done and repeat the excercise when the time comes.
Yep, same here. I keep my cars until they turn into expensive rust buckets. Even if the cost of repair is more than the value of the car, I'll still go for the repair if I can afford it and am confident that more repairs won't be needed particularly soon. I'd sooner pay a repair bill then fork over thousands for a new car.
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