Does nobody sell cars privately now?

Does nobody sell cars privately now?

Author
Discussion

nickfrog

21,456 posts

220 months

Sunday 24th September 2023
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Griffith4ever said:
nickfrog said:
Mr Whippy said:
But yeah. Selling say a £30k car, money in bank, next day you find out it’s been scammed via a transfer or something…?!
Car gone, buyer gone, money gone. Oh dear.
Good point. Scary. Not sure what mitigation exist against that risk but I probably never considered it, naively.
That's been done to death on here. Exceptionally rare for funds to be held on faster payments, regardless of the one chap on here who will tell you it happened to him ( and he still got paid in the end when you drill his story down ). Banks will tell you till they are blue in the face. Bank transfers are yours for keeps as soon as cleared. I've even called Halifax to have it 100% confirmed.

It's the same xfer you make when buying a car from a dealer. How do you think they manage? One example : bought a car from an independent high end car dealer 3 years ago. Drove to dealer, looked at car, accepted deal - xferred £45k, as soon as it showed in his bank - I drove off in a V10 R8. What's the difference? none.

Every big sale I've made I moved the money to another account immediately, just to prove to myself it has indeed cleared.
Thanks for that. Nothing to worry about then in fact. Cheers.

fourstardan

4,553 posts

147 months

Monday 25th September 2023
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edc said:
Was that a private sale or business sale?
No I bought it as a private sale.

PositronicRay

27,193 posts

186 months

Monday 25th September 2023
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Often little difference re price between private and trade sellers these days.

Many sellers wildly optimistic too.

Griffith4ever

4,444 posts

38 months

Monday 25th September 2023
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PositronicRay said:
Often little difference re price between private and trade sellers these days.

Many sellers wildly optimistic too.
unsurprising in an overheated market. Supply of good used ICE cars is dwindling.

the-norseman

12,708 posts

174 months

Monday 25th September 2023
quotequote all
I hate selling privately, you get a lot of time wasters etc, but my last to run arounds I have sold privately, both times people have contacted me to ask if the car is for sale rather than me having to advertise it.

Pit Pony

8,969 posts

124 months

Monday 25th September 2023
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brisel said:
Bought & sold my last 4 cars via PH Classifieds, though the most recent was from an Autotrader search, not PH.

As above, many local friends use WBAC and Cazoo now.
Sold my son's £900 mk4 astra via autotrader. In 4 days. To someone who needed a car to get to work.
That AT advert was free.

PH adverts are too expensive for Sheds, (anyone remember when it was free to advertise? )

gumtree resulted in one response.

Facebook, lots of mouthbreathing tts, who didn't turn up or offered £300. When you looked at thier profiles, and that of thier partners, you knew that they were proper council. With dogs.

www.autoste.com got some nice words of encouragement, but it needed to be £700 to entice anyone.

Buying? I start off with autoste, and then move to autotrader.


AC43

11,613 posts

211 months

Monday 25th September 2023
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I sold two of my last three privately albeit one went to the guy that had looked after it for several years and the other to someone on an owners forum.

Not sure I could be arsed dealing with the wider public though. Too many idiots out there.

Griffith4ever

4,444 posts

38 months

Monday 25th September 2023
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Haha, Facebook - you literally have to ignore ANYONE who messages "is it still available?" - If they can't be arsed to even say "hello" but just click a button instead they are NOT interested in paying anywhere near your asking price, let alone even buying it. Intelligent genuine people say things like "hey, I know it stupid to ask, but I assume it's still for sale? I'd like to have a look if possible?, here's my email and phone number"... etc that kind of contact.

You end up ignoring 90% of all "enquiries".

Occasionally for sport, I do the "is it still available" thing to people who are searching for something to buy but put up a fake selling advert with a low price to get your attention. Pisses me off :-)

Mr_Megalomaniac

860 posts

69 months

Monday 25th September 2023
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colin86 said:
Been looking for new car nothing special and there doesn’t seem to be many private sales at all . Have people stopped selling privately? My thinking was they would be better looked after because some of the stuff I have saw in the garages are terrible condition.
I've got one for sale at the moment on Autotrader. But it is an older Toyota and not going for very much money (sitting at the bottom third of that model's current price distribution).
Also haven't heard a peep from anyone at the moment...

Mr Tidy

22,964 posts

130 months

Monday 25th September 2023
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I must have sold about 40 cars since the first in 1977 and sold them all privately apart from 1 that I P-Exd.

It's not that difficult if you have realistic expectations!

SFTWend

890 posts

78 months

Monday 25th September 2023
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I've bought and sold most of my cars privately.

When selling, I write an informative ad, price the car between trade and retail values, and generally have it gone within a week or two.

Currently on the lookout for a sports or GT car. Very few private sellers, I guess for reasons mentioned in this thread, and most are asking dealer retail money.

James76G

354 posts

187 months

Monday 25th September 2023
quotequote all
Sold a car privately last weekend to the third person that came to see it, but it was at the cheaper end of the market, in this case a £3k Audi A4 3.0. I was surprised how picky people were given it was 20 years old though - a number of folk wanted it to be totally fault free which seems unreasonable given the age. I manage to stop them wasting their time and mine by sending them a short video of the car highlighting the small faults it had.

Prior to that in the last 2.5 years I've sold an R56 Mini (2010), Fiat Bravo (2010) and VW Golf (2006) all without any timewasters and all to either the 1st or 2nd people to actually come and see them. So that was all generally positive but then they were all just cheap and fairly ordinary cars.

Contrast that to when I helped my FIL sell his Volvo XC70 to WBAC and they knocked an eye watering £1300 off for a minor scratch on the wing, some stone chips on the bonnet and some paint missing from some careless door opening. They then threw the folder of paperwork in the bin citing GDPR which contained all the receipts for all the work he'd had done in the 7 years he'd owned it, which seemed utter madness. At that point I vowed never to go near WBAC again.

Personally I would far rather buy privately in the sub £10k space. It's almost always cheaper, you get to actually speak to the owner about their experience and you don't get told the lies and broken promises. So it's frustrating as somebody looking that there aren't more private sellers out there.

Mr Whippy

29,165 posts

244 months

Tuesday 26th September 2023
quotequote all
nickfrog said:
Griffith4ever said:
nickfrog said:
Mr Whippy said:
But yeah. Selling say a £30k car, money in bank, next day you find out it’s been scammed via a transfer or something…?!
Car gone, buyer gone, money gone. Oh dear.
Good point. Scary. Not sure what mitigation exist against that risk but I probably never considered it, naively.
That's been done to death on here. Exceptionally rare for funds to be held on faster payments, regardless of the one chap on here who will tell you it happened to him ( and he still got paid in the end when you drill his story down ). Banks will tell you till they are blue in the face. Bank transfers are yours for keeps as soon as cleared. I've even called Halifax to have it 100% confirmed.

It's the same xfer you make when buying a car from a dealer. How do you think they manage? One example : bought a car from an independent high end car dealer 3 years ago. Drove to dealer, looked at car, accepted deal - xferred £45k, as soon as it showed in his bank - I drove off in a V10 R8. What's the difference? none.

Every big sale I've made I moved the money to another account immediately, just to prove to myself it has indeed cleared.
Thanks for that. Nothing to worry about then in fact. Cheers.
Sorry I’d read about transfers being done using stolen details being reversed.

I think this is the issue. Consumers are always behind the scammers.

You go into transactions weary of being scammed.

nickfrog

21,456 posts

220 months

Tuesday 26th September 2023
quotequote all
Mr Whippy said:
Sorry I’d read about transfers being done using stolen details being reversed.

I think this is the issue. Consumers are always behind the scammers.

You go into transactions weary of being scammed.
I spoke to HSBC Premier since then and they confirmed 100% safe thankfully. It can't be reversed according to them.

Mr Tidy

22,964 posts

130 months

Tuesday 26th September 2023
quotequote all
James76G said:
Personally I would far rather buy privately in the sub £10k space. It's almost always cheaper, you get to actually speak to the owner about their experience and you don't get told the lies and broken promises. So it's frustrating as somebody looking that there aren't more private sellers out there.
Me too. thumbup

I'd much rather meet the previous keeper and get any service documents than buy from a trader who knows nothing of the cars history.

stinkyspanner

748 posts

80 months

Tuesday 26th September 2023
quotequote all
I just 'sold' a Merc privately for £68.5k, except the buyer dicked around for about 2 weeks sorting finance. I binned him off and sold it the motorway way for £68.9k in one day.
I was tempted to keep the messer's deposit, but didn't in the end as I'd done alright anyway.
Moral of the story, if the buyer needs finance it's probably easier to sell into the trade who have a proper budget in place

Mr_Megalomaniac

860 posts

69 months

Tuesday 26th September 2023
quotequote all
stinkyspanner said:
I just 'sold' a Merc privately for £68.5k, except the buyer dicked around for about 2 weeks sorting finance. I binned him off and sold it the motorway way for £68.9k in one day.
I was tempted to keep the messer's deposit, but didn't in the end as I'd done alright anyway.
Moral of the story, if the buyer needs finance it's probably easier to sell into the trade who have a proper budget in place
Also worth mentioning most banks won't let you transfer above £25k in one day. You have to go into a branch or call the high value payments department, and both those are limited to weekdays and working hours (admittedly that won't take a week, but worth mentioning).

Gerradi

1,549 posts

123 months

Friday 29th September 2023
quotequote all
Mr Whippy said:
Sorry I’d read about transfers being done using stolen details being reversed.

I think this is the issue. Consumers are always behind the scammers.

You go into transactions weary of being scammed.
Oh The way you wrote that I thought you were talking from life experience...

Pit Pony

8,969 posts

124 months

Saturday 30th September 2023
quotequote all
Mr Tidy said:
James76G said:
Personally I would far rather buy privately in the sub £10k space. It's almost always cheaper, you get to actually speak to the owner about their experience and you don't get told the lies and broken promises. So it's frustrating as somebody looking that there aren't more private sellers out there.
Me too. thumbup

I'd much rather meet the previous keeper and get any service documents than buy from a trader who knows nothing of the cars history.
When I asked for copies of the bills from Bristol Street Motors who had done every service, they refused saying GDP regs etc.
When I said. Get a black marker pen and redact the details that matter they refused.

So my 30k full service history, one stamp.per year, for 9 years by the same main dealer means very little.

Unlike the car my father in law gave my son,which included a book with 5 tyre pressures weekly checked and written down.

Somewhere is a happy medium.

Hugo Stiglitz

37,442 posts

214 months

Saturday 30th September 2023
quotequote all
I'll be honest all those stamps show the dealers changed most of the car unnecessary over the years at great cost to the owner.

Whereas self service shows filters/oil from a cheap discount purchase and 'it doesn't need changing so I'll leave it a few years as I don't like waste'...