Selling on Collecting Cars. Is it ever a good decision?
Discussion
I've only ever seen cars hit market value or sell for a bit cheaper than market value.
Looking at the 'Sold' results, it doesn't seem there is an occasion where you can achieve more than the value of the car, unless it is a one-off special edition car.
Has anyone seen any examples where a particular car has achieved a good price for the seller?
Looking at the 'Sold' results, it doesn't seem there is an occasion where you can achieve more than the value of the car, unless it is a one-off special edition car.
Has anyone seen any examples where a particular car has achieved a good price for the seller?
smokey mow said:
Why would a car ever achieve more than its market value, Unless it’s its rare?
If it’s a common vehicle and it reaches its market value then surely any other potential bidders will just buy the same car for market value elsewhere rather than paying more than it’s worth.
Because people get auction fever and can get a bit carried away.If it’s a common vehicle and it reaches its market value then surely any other potential bidders will just buy the same car for market value elsewhere rather than paying more than it’s worth.
But maybe there are examples of rare vehicles that sold for more?
Otherwise it negates the reason for Collecting Cars to even exist if they can't achieve more than you could on AutoTrader?
AlexNJ89 said:
smokey mow said:
Why would a car ever achieve more than its market value, Unless it’s its rare?
If it’s a common vehicle and it reaches its market value then surely any other potential bidders will just buy the same car for market value elsewhere rather than paying more than it’s worth.
Because people get auction fever and can get a bit carried away.If it’s a common vehicle and it reaches its market value then surely any other potential bidders will just buy the same car for market value elsewhere rather than paying more than it’s worth.
Edited by smokey mow on Thursday 16th May 10:41
I've used CC's on a number of occasions for both buying and selling .
It's clears out the dreamers both buyers and sellers so as long as you are happy with the price you generally deal with a genuine buyer or seller.
You can set a reserve although I gather they are now filtering out the dreamers that seem to think their car is worth far more than is realistic .
I'd say it's a good benchmark for where cars actually transact
It's clears out the dreamers both buyers and sellers so as long as you are happy with the price you generally deal with a genuine buyer or seller.
You can set a reserve although I gather they are now filtering out the dreamers that seem to think their car is worth far more than is realistic .
I'd say it's a good benchmark for where cars actually transact
AlexNJ89 said:
Because people get auction fever and can get a bit carried away.
But maybe there are examples of rare vehicles that sold for more?
Otherwise it negates the reason for Collecting Cars to even exist if they can't achieve more than you could on AutoTrader?
You’re still fixated solely on price. But maybe there are examples of rare vehicles that sold for more?
Otherwise it negates the reason for Collecting Cars to even exist if they can't achieve more than you could on AutoTrader?
AlexNJ89 said:
Because people get auction fever and can get a bit carried away.
But maybe there are examples of rare vehicles that sold for more?
Otherwise it negates the reason for Collecting Cars to even exist if they can't achieve more than you could on AutoTrader?
Auction fever can happen yes but they don't set themselves out as achieving higher than classified prices. But maybe there are examples of rare vehicles that sold for more?
Otherwise it negates the reason for Collecting Cars to even exist if they can't achieve more than you could on AutoTrader?
What if you're a buyer? Would you be happy to pay over the odds? Course not.
If you price your car realistically and WANT to sell then it works.
Obviously it depends on the car but, from what I've seen, generally pretty good 'private sale' prices are achieved.
As already stated, you avoid all the time wasters. Not for you though if you want to list high and wait for a generous buyer, which is what most private sellers appear to be doing.
As already stated, you avoid all the time wasters. Not for you though if you want to list high and wait for a generous buyer, which is what most private sellers appear to be doing.
AlexNJ89 said:
smokey mow said:
Why would a car ever achieve more than its market value, Unless it’s its rare?
If it’s a common vehicle and it reaches its market value then surely any other potential bidders will just buy the same car for market value elsewhere rather than paying more than it’s worth.
Because people get auction fever and can get a bit carried away.If it’s a common vehicle and it reaches its market value then surely any other potential bidders will just buy the same car for market value elsewhere rather than paying more than it’s worth.
But maybe there are examples of rare vehicles that sold for more?
Otherwise it negates the reason for Collecting Cars to even exist if they can't achieve more than you could on AutoTrader?
However, you may well sell it for more than you'd be offered from a dealership if selling/trading in, thus more money ending up in your pocket.
At the end of the day, CC for me offers a better array of photos and it feels more reliable than looking at a dozen grainy images on AT. That being said, if I'm not buying from a dealership then I 100% want to inspect the car in person.
GT3Manthey said:
bennno said:
I’ve ‘sold’ two cars on there, in both cases the buyer was uncontactable / vanished post sale.
I've also sold two cars on there with no issues and both times the buyers travelled a good distance. It's off as the buyers will still get charged the full buyers premium.
The second time a very low milage Clio rs200 sold to a north Irish based gent who provided the wrong phone number and couldn’t be reached.
It makes no sense given the credit card to register and fees being due. But this was my experience.
bennno said:
Well, in my case, the first was a 2020 Yaris GR sold at reserve to a HK based gent who did not respond at all post auction.
The second time a very low milage Clio rs200 sold to a north Irish based gent who provided the wrong phone number and couldn’t be reached.
It makes no sense given the credit card to register and fees being due. But this was my experience.
Fair enough. The second time a very low milage Clio rs200 sold to a north Irish based gent who provided the wrong phone number and couldn’t be reached.
It makes no sense given the credit card to register and fees being due. But this was my experience.
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