Hi I am going to look at a car for sale privately and intend selling mine afterwards. I have always traded mine in hassle free for a new one in the past.
Just a few points of advice.
Firstly, as I will have two cars until my old one is sold what will I have to do as far as insurance is concerned?
Secondly, as the car I may be buying costs over £6000 what is the usual way to pay for it. I will be making a journey of 110 miles to see it but am happy to do that as we will be making it a good day out in what is a very scenic area.
Hopefully I will hopefully be selling mine for £3000 and am not looking forward to that.
Thirdly am I doing the right thing!!!.
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get your insurer to cover both cars for something like 14 days to begin with (take insurer number with you so that you can drive home legally ( norwich union will insure you for the trip home for 24 hours for £12- google it for the details)
well assuming you do a hpi prior to handing over the lolly and doing the obvious checks on the car yourself,private sale i assume? cash talks if you flash the folding
thirdly? its only money you want to spend it, go on go on go on
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Cash is definitely king. It's amazing how a seller will agree to a lower offer if there is sight of a wad of notes. Just be careful!
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And be prepared to walk. I've been called back from the end of the drive after my 'far too low' cash offer was rejected and the deal then done.
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I did similar last week and my insurance co wanted £45 per week for the convenience for insuring both cars. Needless to say my old car is sat on the drive uninsured until its ready for sale. Its up to the buyer to arrange cover if they desire a test drive, they will be informed of that before they drive it and no one will unless they can prove they are insured.
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A couple of years ago when I got my new (to me) car, Direct Line gave me a free covernote for the old one that ran for a month.
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Whoops - premature button pushing. When I said covernote above, this was followed by a proper certificate.
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When I bought the Alfa, it took a couple of weeks to sell the Fiat Coupe. My insurance company (Privilege) were happy to insure the Coupe for a week at a time for £20 (and it's a group 19 car, so that's pretty good)
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When I bought an insured my new car before getting rid of my old, I had a shock when I found out I could have my no-claims discount on only one of the cars. I've always thought that the no-claims was assigned to the policy holder, and not to a specific vehicle, but that's not the case. Something to bear in mind.
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I bought a new car while I still had the old one, rang Morethan to transfer the insurance over and they asked if I still had the old car, told them I did and they covered me for 14 days for £10 which was quite reasonable!
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Depends on insurer.
My wife is insured with those Irish guys (Don't recall the name just now): They wouldn't insure the two cars at any price, not even just for the journey home!
In the end I did a Norwich Union thing for free cover for a week, just to collect the new car.
I wonder how many people turn that into "normal" cover thereafter?
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HPI give you free cover when you buy their service (forget for how long).
The last time I bought privately, I drove the new one home on HPI cover, and left it in the garage, uninsured, until I sold the old one (c'mon, you can do it, resist temptation, it'll encourage you to get rid of the old one). How many cars spontaneously self immolate?
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I have another one to look at in a well known respected multi dealership for the same area and at the same price that the private seller is asking, I am really surprised at variation in price nationally The dealer might be my better option, if I get a decent offer for my trade in it would save a lot of hassle and I would not have to have strangers coming to my door.
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What I generally do is to get a trade in value from the dealer, then put the car on ebay with that + a few quid as start price.
If it sells, it sells, if it doesn't. I part ex it.
Good for you, good for the buyer.
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Only problem is the dealer is 100 miles away. I did get offered £2500 against one costing £4500 which I would not buy any way as it had a lot of new paintwork on it.
My Civic Y plate Civic aerodeck must be one of the best around with immaculate paintwork that has always been power washed before hand washing, the inside is also like new and has quite few extras as well, the most expensive being the Bosal detachable towbar which is painted in the cars colour, it also has Honda foglamps fitted
I am afraid that if I buy another and have the two alongside each other back home I may have second thoughts!! I am a sentimental old so and so that gets attached to things, especially my car that has really been looked after.
The dealer that bhas the other one said they would just send it to auction but would give me the best price if it is in the condition I described.
Any idea on how much the dealer would offer me, just imagine the car as the best example ever, with 65000 miles, one owner, and full dealer service history.
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Hi I am going to look at a car for sale privately and intend selling mine afterwards.
I have done just this several times with quite high value cars. It takes a steady nerve and confidence that your old car will sell easily, however I have always been lucky and had a car that was relatively easy to sell. On the subject of insurance, most copmpanies will either give you a free short-term cover note or will give you say 2 weeks insurance for a nominal fee.
The only thing to try and avoid is the buyer getting wind of the fact that you may be anxious to sell because you have a new car and need to release the capital in your old car, thus giving them the negotiating 'high ground'.
I tend to hide my new car away in the garage just in case.
If you get all of this right you should save a significant amount of money on the new car deal and the selling price of your old car, over the margin for the convenience of a part ex.
I vowed never again to do a part ex after I traded in a tidy Mk3 Golf for a pitiifull sum to a dealer some years ago, with much tut-tuting from them about how bad the tiny faults thay had manageed to find on the car were thus reducing its value to about £800 less than I could easily have sold it for privately !
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