Selling nearly-new car
Discussion
I bought a Lotus Emira new last year, and while I love it, it’s just not getting used, so I may as well sell it on.
It’s as-new, with only 1,000 miles on it; what are people’s thoughts on the best way to sell it to maximise what I get?
It’s not got to go quickly, and has no finance on it.
Obvious choices are private sale, asking a local dealership to list it for me or asking Lotus to.
Any other sensible avenues to follow?
It’s as-new, with only 1,000 miles on it; what are people’s thoughts on the best way to sell it to maximise what I get?
It’s not got to go quickly, and has no finance on it.
Obvious choices are private sale, asking a local dealership to list it for me or asking Lotus to.
Any other sensible avenues to follow?
Ken_Code said:
It’s not got to go quickly,
I think you'll be stuck with a car you don't want unless you knuckle down and get it shifted. It'll probably never be worth more than it is today, barely used and with plenty of warranty left to run. I reckon you should be able to find a "new" buyer who'll be delighted to pay a bit less than the "new" price.Proper blitz of private for sale adds should see it gone pretty swiftly at this time of year. If you've still got it on 1st June you'll know it's time to slash the price. IMO if you go anywhere near dealers or traders you'll take a real beating on depreciation.
LightningBlue said:
Might sound daft but could you use it more? Wouldn’t get me out of a car like that!
It’s at my second home, next to a GR Yaris that I rarely get to use either, and I’ve also got a Range Rover for general use and a McLaren 650s too.I’m never going to get enough use to justify keeping it.
Shame you’re thinking of selling it, but you’ll likely lose a fortune whatever way you do it
I have a 2 seater convertible that has sat in the garage for 5 months and I’ve just paid the insurance for it today so I can see your point but mine is worth a fraction of your Emira so I’ve not much tied up in it
But hopefully it WILL stop raining soon!
I have a 2 seater convertible that has sat in the garage for 5 months and I’ve just paid the insurance for it today so I can see your point but mine is worth a fraction of your Emira so I’ve not much tied up in it
But hopefully it WILL stop raining soon!
Have a read of the last few pages of the 'Discounted stock Emiras' thread in the Emira section of Pistonheads.
Unfortunately it will be difficult to sell for a good price at the moment. Lotus appear to be dumping lots of cancelled orders and/or staff cars onto the market. The trade don't seem to want any more and private buyers are waiting expecting prices to start with a 5 soon.
Whilst a private sale should achieve more, and the car has comfort of manufacturer warranty, most buyers want finance and px facilities at this level, plus comfort of buying from a reputable source.
Unfortunately it will be difficult to sell for a good price at the moment. Lotus appear to be dumping lots of cancelled orders and/or staff cars onto the market. The trade don't seem to want any more and private buyers are waiting expecting prices to start with a 5 soon.
Whilst a private sale should achieve more, and the car has comfort of manufacturer warranty, most buyers want finance and px facilities at this level, plus comfort of buying from a reputable source.
Can see you taking a £40k bath on this if they are £90k new. Your only option is a dealer, realistically. The pool of people with £50k+ cash sitting in their account or via a bank loan is approximately 2 people and those have got to be wanting an Emira. Everyone else will need finance, which you can't provide.
Also selling something so new raises the red flags for many people that there's something wrong with it, like it's been back to the dealier umpteen times to resolve issues but not getting anywhere and not you just want shut and it to be somebody else's problem (obvs not in your case, but does happen a lot).
Also selling something so new raises the red flags for many people that there's something wrong with it, like it's been back to the dealier umpteen times to resolve issues but not getting anywhere and not you just want shut and it to be somebody else's problem (obvs not in your case, but does happen a lot).
Half of the cars at dealers at the minute aren’t their cars. They are selling them for commission for people in OP’s situation.
I have a £75k cash budget and I’d love to do a deal privately. Looking for a m3/4 xdrive ultimate pack or 992 and private prices are the higher than main dealer.
So frustrated with used prices I’m considering a new M2.
Went to look at a 23 m3 on sat and the dealer said “order new, it’s cheaper at 4.9%”. So frustrating to hear when you’re buying cash.
Giveaway that many cars don’t belong to the dealers is that they are SORN.
I have a £75k cash budget and I’d love to do a deal privately. Looking for a m3/4 xdrive ultimate pack or 992 and private prices are the higher than main dealer.
So frustrated with used prices I’m considering a new M2.
Went to look at a 23 m3 on sat and the dealer said “order new, it’s cheaper at 4.9%”. So frustrating to hear when you’re buying cash.
Giveaway that many cars don’t belong to the dealers is that they are SORN.
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