Easy money for pork trader, private buyers not interested
Discussion
Is the dealer adding so much value?
So, I have a trade in offer on my 997 and I have advertised it for sale on various websites for very slightly more - hoping to reduce my cost to change of course, but also to give a private buyer the chance to acquire the car for a fair price.
The dealer taking the car is chasing it, so I expect he has a buyer waiting and I am sure he will be making a few quid across the deal (no problem with that).
So it will be on its way this week.
Does a would be buyer trust the dealer so much more than a private sale of the same car? I do believe they do.
So, I have a trade in offer on my 997 and I have advertised it for sale on various websites for very slightly more - hoping to reduce my cost to change of course, but also to give a private buyer the chance to acquire the car for a fair price.
The dealer taking the car is chasing it, so I expect he has a buyer waiting and I am sure he will be making a few quid across the deal (no problem with that).
So it will be on its way this week.
Does a would be buyer trust the dealer so much more than a private sale of the same car? I do believe they do.
JPJPJP said:
Is the dealer adding so much value?
So, I have a trade in offer on my 997 and I have advertised it for sale on various websites for very slightly more - hoping to reduce my cost to change of course, but also to give a private buyer the chance to acquire the car for a fair price.
The dealer taking the car is chasing it, so I expect he has a buyer waiting and I am sure he will be making a few quid across the deal (no problem with that).
So it will be on its way this week.
Does a would be buyer trust the dealer so much more than a private sale of the same car? I do believe they do.
Was in a similar situation a week or so ago, with a X5, and I got only 2 calls, 1 of which was a complete time waster and the other bought, I expected more calls as you could not buy from any dealer for the price I was selling for.So, I have a trade in offer on my 997 and I have advertised it for sale on various websites for very slightly more - hoping to reduce my cost to change of course, but also to give a private buyer the chance to acquire the car for a fair price.
The dealer taking the car is chasing it, so I expect he has a buyer waiting and I am sure he will be making a few quid across the deal (no problem with that).
So it will be on its way this week.
Does a would be buyer trust the dealer so much more than a private sale of the same car? I do believe they do.
A good friend was interested in my car, and wanted to P, Ex his car and then take out finance etc, and was keen I sell to a dealer so that he could then go and buy from that dealer, so lots of reasons why dealers are out there and I have to agree from my experience people just prefer to buy from Dealers, they can pay using credit card, p. Ex, Finance, and have an element of peace of mind, but many reasons, all I would say is do give up advertise where ever you can, you just never know, and in the end if it does not sell just give to the dealer.
Hope that helps
Saj
I imagine it is just legal comeback if the car is over 20k.
Buying privately you are more or less on your own, but with a dealer you have more legal recourse and could even check them out a bit more from a financial or reputation point of view.
If the engine went pop a week later you would be in a far better position buying from a reputable trader. Engine rebuilds on 911s are going to be 6-15k or whatever, so I guess people would pay a certain amount more for peace of mind and some kind of trading standards protection or warranty. I'd pay 3-4k more for an X5 or 997 at a dealer than privately, specs being equal. More than that and I'd chance my arm privately.
Buying privately you are more or less on your own, but with a dealer you have more legal recourse and could even check them out a bit more from a financial or reputation point of view.
If the engine went pop a week later you would be in a far better position buying from a reputable trader. Engine rebuilds on 911s are going to be 6-15k or whatever, so I guess people would pay a certain amount more for peace of mind and some kind of trading standards protection or warranty. I'd pay 3-4k more for an X5 or 997 at a dealer than privately, specs being equal. More than that and I'd chance my arm privately.
JPJPJP said:
Is the dealer adding so much value?
So, I have a trade in offer on my 997 and I have advertised it for sale on various websites for very slightly more - hoping to reduce my cost to change of course, but also to give a private buyer the chance to acquire the car for a fair price.
The dealer taking the car is chasing it, so I expect he has a buyer waiting and I am sure he will be making a few quid across the deal (no problem with that).
So it will be on its way this week.
Does a would be buyer trust the dealer so much more than a private sale of the same car? I do believe they do.
exactly the same issue as i had selling mine last year, priced a couple of £2k above my best dealer cash offer and nothing, seems people don't have £30k sat around to spend, if was prepared to take p/x though i could of sold it 30 times over! and mine did have OPC warranty too... My advice ring 991v, take their offer save yourself the hassle, wish i'd have done that!So, I have a trade in offer on my 997 and I have advertised it for sale on various websites for very slightly more - hoping to reduce my cost to change of course, but also to give a private buyer the chance to acquire the car for a fair price.
The dealer taking the car is chasing it, so I expect he has a buyer waiting and I am sure he will be making a few quid across the deal (no problem with that).
So it will be on its way this week.
Does a would be buyer trust the dealer so much more than a private sale of the same car? I do believe they do.
Current advertised price is £600 over px offer
Car has OPC warranty that is transferable to new owner
I can understand people preferring to buy from a dealer (and as you can tell from the trade in situation, my next car is coming from a dealer), but I just thought there are enough people commenting on here and elsewhere about how much some dealers rip punters off (I tend not to agree with those comments), that there might be someone preferring a private buy.
Or maybe the trade in price is good, or maybe the overall deal I have done to change is bad.
Anyhow, it will be winging its way to a new owner via a dealer sometime in the next couple of days by the look of it - depends how long the prep takes on the car I have bought.
Car has OPC warranty that is transferable to new owner
I can understand people preferring to buy from a dealer (and as you can tell from the trade in situation, my next car is coming from a dealer), but I just thought there are enough people commenting on here and elsewhere about how much some dealers rip punters off (I tend not to agree with those comments), that there might be someone preferring a private buy.
Or maybe the trade in price is good, or maybe the overall deal I have done to change is bad.
Anyhow, it will be winging its way to a new owner via a dealer sometime in the next couple of days by the look of it - depends how long the prep takes on the car I have bought.
Same here, my really lovely 964 3.3 turbo hasnt had much interest privately and its not as if there are many about. May be time to talk to the dealers although I do have a floor below which I'd rather just keep it, not exactly a hardship ! I would think the dealers will probably mark it up £5k to £7k00 if they were selling.
There are a couple of issues to consider.
Firstly as has been hinted at the trade in price offered may or not be "trade" money. A deal can be structured in different ways to support the value of a part exchange when that is the customers key focus. Of course the net figure to change will always be a constant but if you need to see a big number for the part exchange it is possible.
Then there is the risk attached to buying a car privately. You know your car and believe it to be a good one, but the man in the street doesn't. And don't fall into the trap of thinking that because a garage have valued it and have agreed to take it in the car is automatically a good 'un. It wouldn't be the first time a garage have taken a pup in part exchange. In fact it's probably the easiest of getting rid of a problem car. The dealer is focussed on getting you to buy their car and very few make any real effort to appraise part exchanges. Alarm bells should ring of course because the one you are purchasing will have gone through the same "rigorous pre purchase inspection"
.
The one thing you don't seem to be taking into account is the risk you are putting yourself at by offering the car. Especially when the advertised price difference is just £600. A bit of a haggle and suddenly that difference amounts to pennies. For that you have to let people test drive the car, come to your house, have a good look at all the paperwork, take photos of both car and paperwork, go out with just you in the car, have a discussion about any security that might be fitted and then offer what ever means to pay for the vehicle. Which may or may not prove to be cosha.
Because the buyer isn't the only person taking a risk the price spread will be more than a few hundred quid otherwise it isn't worth the aggro and in your case I'm not entirely sure it is. How pissed off would you be if you lost the car or had a load of grief proving your car isn't the ringer that was cloned from the paperwork all for a couple of hundred quid. For a couple of grand its worth a go but not for a couple of hundred.
Purely my personal opinion and obviously I am not privy to the specifics of your case so please take my comments as general ones.
Either way I wish you all the best and hope you enjoy your new wheels when they arrive.
All the best
Henry
Firstly as has been hinted at the trade in price offered may or not be "trade" money. A deal can be structured in different ways to support the value of a part exchange when that is the customers key focus. Of course the net figure to change will always be a constant but if you need to see a big number for the part exchange it is possible.
Then there is the risk attached to buying a car privately. You know your car and believe it to be a good one, but the man in the street doesn't. And don't fall into the trap of thinking that because a garage have valued it and have agreed to take it in the car is automatically a good 'un. It wouldn't be the first time a garage have taken a pup in part exchange. In fact it's probably the easiest of getting rid of a problem car. The dealer is focussed on getting you to buy their car and very few make any real effort to appraise part exchanges. Alarm bells should ring of course because the one you are purchasing will have gone through the same "rigorous pre purchase inspection"
.The one thing you don't seem to be taking into account is the risk you are putting yourself at by offering the car. Especially when the advertised price difference is just £600. A bit of a haggle and suddenly that difference amounts to pennies. For that you have to let people test drive the car, come to your house, have a good look at all the paperwork, take photos of both car and paperwork, go out with just you in the car, have a discussion about any security that might be fitted and then offer what ever means to pay for the vehicle. Which may or may not prove to be cosha.
Because the buyer isn't the only person taking a risk the price spread will be more than a few hundred quid otherwise it isn't worth the aggro and in your case I'm not entirely sure it is. How pissed off would you be if you lost the car or had a load of grief proving your car isn't the ringer that was cloned from the paperwork all for a couple of hundred quid. For a couple of grand its worth a go but not for a couple of hundred.
Purely my personal opinion and obviously I am not privy to the specifics of your case so please take my comments as general ones.
Either way I wish you all the best and hope you enjoy your new wheels when they arrive.
All the best
Henry
This one http://pistonheads.com/sales/3748053.htm what do you think ? Its in good nick,I have loads of paperwork, not too many owners or miles, I cant imagine any dealer would be asking less than the £35k for it and some significantly more.
Edited by hoges11 on Saturday 21st April 16:03
Henry-F said:
There are a couple of issues to consider.
Firstly as has been hinted at the trade in price offered may or not be "trade" money. A deal can be structured in different ways to support the value of a part exchange when that is the customers key focus. Of course the net figure to change will always be a constant but if you need to see a big number for the part exchange it is possible.
Then there is the risk attached to buying a car privately. You know your car and believe it to be a good one, but the man in the street doesn't. And don't fall into the trap of thinking that because a garage have valued it and have agreed to take it in the car is automatically a good 'un. It wouldn't be the first time a garage have taken a pup in part exchange. In fact it's probably the easiest of getting rid of a problem car. The dealer is focussed on getting you to buy their car and very few make any real effort to appraise part exchanges. Alarm bells should ring of course because the one you are purchasing will have gone through the same "rigorous pre purchase inspection" .
The one thing you don't seem to be taking into account is the risk you are putting yourself at by offering the car. Especially when the advertised price difference is just £600. A bit of a haggle and suddenly that difference amounts to pennies. For that you have to let people test drive the car, come to your house, have a good look at all the paperwork, take photos of both car and paperwork, go out with just you in the car, have a discussion about any security that might be fitted and then offer what ever means to pay for the vehicle. Which may or may not prove to be cosha.
Because the buyer isn't the only person taking a risk the price spread will be more than a few hundred quid otherwise it isn't worth the aggro and in your case I'm not entirely sure it is. How pissed off would you be if you lost the car or had a load of grief proving your car isn't the ringer that was cloned from the paperwork all for a couple of hundred quid. For a couple of grand its worth a go but not for a couple of hundred.
Purely my personal opinion and obviously I am not privy to the specifics of your case so please take my comments as general ones.
Either way I wish you all the best and hope you enjoy your new wheels when they arrive.
All the best
Henry
No argument with any of that Henry.Firstly as has been hinted at the trade in price offered may or not be "trade" money. A deal can be structured in different ways to support the value of a part exchange when that is the customers key focus. Of course the net figure to change will always be a constant but if you need to see a big number for the part exchange it is possible.
Then there is the risk attached to buying a car privately. You know your car and believe it to be a good one, but the man in the street doesn't. And don't fall into the trap of thinking that because a garage have valued it and have agreed to take it in the car is automatically a good 'un. It wouldn't be the first time a garage have taken a pup in part exchange. In fact it's probably the easiest of getting rid of a problem car. The dealer is focussed on getting you to buy their car and very few make any real effort to appraise part exchanges. Alarm bells should ring of course because the one you are purchasing will have gone through the same "rigorous pre purchase inspection"
.The one thing you don't seem to be taking into account is the risk you are putting yourself at by offering the car. Especially when the advertised price difference is just £600. A bit of a haggle and suddenly that difference amounts to pennies. For that you have to let people test drive the car, come to your house, have a good look at all the paperwork, take photos of both car and paperwork, go out with just you in the car, have a discussion about any security that might be fitted and then offer what ever means to pay for the vehicle. Which may or may not prove to be cosha.
Because the buyer isn't the only person taking a risk the price spread will be more than a few hundred quid otherwise it isn't worth the aggro and in your case I'm not entirely sure it is. How pissed off would you be if you lost the car or had a load of grief proving your car isn't the ringer that was cloned from the paperwork all for a couple of hundred quid. For a couple of grand its worth a go but not for a couple of hundred.
Purely my personal opinion and obviously I am not privy to the specifics of your case so please take my comments as general ones.
Either way I wish you all the best and hope you enjoy your new wheels when they arrive.
All the best
Henry
OP, you sometimes have to be a bit more patient when selling a Porsche, how long have you had it for sale for??? Also if the p/ex is against a car you really want I really wouldn't bother with the hassle of a private sale for the sake of a service. Part ex offers are often better if its against a car the seller has a lot of profit in or one they are desperate to offload, they often are not the best way to go but at the end of the day its what suits you best.
All the best with the sale, a buyer will come along as long as its the right car at the right price.
All the best with the sale, a buyer will come along as long as its the right car at the right price.
hoges11 said:
This one http://pistonheads.com/sales/3748053.htm what do you think ? Its in good nick,I have loads of paperwork, not too many owners or miles, I cant imagine any dealer would be asking less than the £35k for it and some significantly more.
If i had 35k id have that like a shotEdited by hoges11 on Saturday 21st April 16:03
lover it.
JPJPJP said:
Is the dealer adding so much value?
So, I have a trade in offer on my 997 and I have advertised it for sale on various websites for very slightly more - hoping to reduce my cost to change of course, but also to give a private buyer the chance to acquire the car for a fair price.
The dealer taking the car is chasing it, so I expect he has a buyer waiting and I am sure he will be making a few quid across the deal (no problem with that).
So it will be on its way this week.
Does a would be buyer trust the dealer so much more than a private sale of the same car? I do believe they do.
What car is it and how much are you asking?So, I have a trade in offer on my 997 and I have advertised it for sale on various websites for very slightly more - hoping to reduce my cost to change of course, but also to give a private buyer the chance to acquire the car for a fair price.
The dealer taking the car is chasing it, so I expect he has a buyer waiting and I am sure he will be making a few quid across the deal (no problem with that).
So it will be on its way this week.
Does a would be buyer trust the dealer so much more than a private sale of the same car? I do believe they do.
Pesty said:
hoges11 said:
This one http://pistonheads.com/sales/3748053.htm what do you think ? Its in good nick,I have loads of paperwork, not too many owners or miles, I cant imagine any dealer would be asking less than the £35k for it and some significantly more.
If i had 35k id have that like a shotEdited by hoges11 on Saturday 21st April 16:03
lover it.
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