Supercars For Sale
Discussion
mirsgarage said:
There is an image problem with a private sale supercar, I think. It attracts low-ball offers, traders, and generally if you're selling the car yourself, you're usually at or under the market floor, as no dealer margin to consider, so you'll go 4-5k under what a dealer would price it at, and you're still 10k+ better off.
Well, doing that attracts.. insane people. I am speaking from personal experience here, but I don't think I'd ever bother selling privately going forward. It's not worth the extra few thousand over a P/X or something. I mean, I finally found a good buyer - and that's the important part, pleasant chap, dealt fast but hard, and we got there in the end. But everything in between was just a sordid state of affairs.
People calling and leaving 30k under offers, getting aggy when politely declined, spam texting the same offer, asking for the engine builder's 8th cousins GCSEs, and then there's the fella that said he's not interested in the car but called to ask if he can come drive it. No idea what that's about. Another one called and said he's not convinced about buying but an hour or two in the car might change his mind. Then there's the fella that called, much akin to how one would call a sex hotline, and described in detail how he'd like the test drive the car and give it a good kicking to see if it's something that "can handle his driving" - I was convinced this guy had one hand in his pants.
It's weird. I'll pass in the future, but I think there are a subsection of people that get their jollies off phoning car ads for really expensive stuff and just messing with the owners. Either that or I was terribly unlucky!
Apologies but I read the last story laughing in tears. You really have managed to attract the weird and wonderful. Well, doing that attracts.. insane people. I am speaking from personal experience here, but I don't think I'd ever bother selling privately going forward. It's not worth the extra few thousand over a P/X or something. I mean, I finally found a good buyer - and that's the important part, pleasant chap, dealt fast but hard, and we got there in the end. But everything in between was just a sordid state of affairs.
People calling and leaving 30k under offers, getting aggy when politely declined, spam texting the same offer, asking for the engine builder's 8th cousins GCSEs, and then there's the fella that said he's not interested in the car but called to ask if he can come drive it. No idea what that's about. Another one called and said he's not convinced about buying but an hour or two in the car might change his mind. Then there's the fella that called, much akin to how one would call a sex hotline, and described in detail how he'd like the test drive the car and give it a good kicking to see if it's something that "can handle his driving" - I was convinced this guy had one hand in his pants.
It's weird. I'll pass in the future, but I think there are a subsection of people that get their jollies off phoning car ads for really expensive stuff and just messing with the owners. Either that or I was terribly unlucky!
Edited by FrancisA on Wednesday 5th June 00:38
FrancisA said:
mirsgarage said:
There is an image problem with a private sale supercar, I think. It attracts low-ball offers, traders, and generally if you're selling the car yourself, you're usually at or under the market floor, as no dealer margin to consider, so you'll go 4-5k under what a dealer would price it at, and you're still 10k+ better off.
Well, doing that attracts.. insane people. I am speaking from personal experience here, but I don't think I'd ever bother selling privately going forward. It's not worth the extra few thousand over a P/X or something. I mean, I finally found a good buyer - and that's the important part, pleasant chap, dealt fast but hard, and we got there in the end. But everything in between was just a sordid state of affairs.
People calling and leaving 30k under offers, getting aggy when politely declined, spam texting the same offer, asking for the engine builder's 8th cousins GCSEs, and then there's the fella that said he's not interested in the car but called to ask if he can come drive it. No idea what that's about. Another one called and said he's not convinced about buying but an hour or two in the car might change his mind. Then there's the fella that called, much akin to how one would call a sex hotline, and described in detail how he'd like the test drive the car and give it a good kicking to see if it's something that "can handle his driving" - I was convinced this guy had one hand in his pants.
It's weird. I'll pass in the future, but I think there are a subsection of people that get their jollies off phoning car ads for really expensive stuff and just messing with the owners. Either that or I was terribly unlucky!
Apologies but I read the last story laughing in tears. You really have managed to attract the weird and wonderful. Well, doing that attracts.. insane people. I am speaking from personal experience here, but I don't think I'd ever bother selling privately going forward. It's not worth the extra few thousand over a P/X or something. I mean, I finally found a good buyer - and that's the important part, pleasant chap, dealt fast but hard, and we got there in the end. But everything in between was just a sordid state of affairs.
People calling and leaving 30k under offers, getting aggy when politely declined, spam texting the same offer, asking for the engine builder's 8th cousins GCSEs, and then there's the fella that said he's not interested in the car but called to ask if he can come drive it. No idea what that's about. Another one called and said he's not convinced about buying but an hour or two in the car might change his mind. Then there's the fella that called, much akin to how one would call a sex hotline, and described in detail how he'd like the test drive the car and give it a good kicking to see if it's something that "can handle his driving" - I was convinced this guy had one hand in his pants.
It's weird. I'll pass in the future, but I think there are a subsection of people that get their jollies off phoning car ads for really expensive stuff and just messing with the owners. Either that or I was terribly unlucky!
Edited by FrancisA on Wednesday 5th June 00:38
Hilarious post. Francis, you need to get yourself into the big whats app groups with adverts of genuine people / owners / potential buyers via SCD or through friends. This weeds out a lot of noise and people have success on 'off market sales'.FrancisA said:
mirsgarage said:
There is an image problem with a private sale supercar, I think. It attracts low-ball offers, traders, and generally if you're selling the car yourself, you're usually at or under the market floor, as no dealer margin to consider, so you'll go 4-5k under what a dealer would price it at, and you're still 10k+ better off.
Well, doing that attracts.. insane people. I am speaking from personal experience here, but I don't think I'd ever bother selling privately going forward. It's not worth the extra few thousand over a P/X or something. I mean, I finally found a good buyer - and that's the important part, pleasant chap, dealt fast but hard, and we got there in the end. But everything in between was just a sordid state of affairs.
People calling and leaving 30k under offers, getting aggy when politely declined, spam texting the same offer, asking for the engine builder's 8th cousins GCSEs, and then there's the fella that said he's not interested in the car but called to ask if he can come drive it. No idea what that's about. Another one called and said he's not convinced about buying but an hour or two in the car might change his mind. Then there's the fella that called, much akin to how one would call a sex hotline, and described in detail how he'd like the test drive the car and give it a good kicking to see if it's something that "can handle his driving" - I was convinced this guy had one hand in his pants.
It's weird. I'll pass in the future, but I think there are a subsection of people that get their jollies off phoning car ads for really expensive stuff and just messing with the owners. Either that or I was terribly unlucky!
Apologies but I read the last story laughing in tears. You really have managed to attract the weird and wonderful. Well, doing that attracts.. insane people. I am speaking from personal experience here, but I don't think I'd ever bother selling privately going forward. It's not worth the extra few thousand over a P/X or something. I mean, I finally found a good buyer - and that's the important part, pleasant chap, dealt fast but hard, and we got there in the end. But everything in between was just a sordid state of affairs.
People calling and leaving 30k under offers, getting aggy when politely declined, spam texting the same offer, asking for the engine builder's 8th cousins GCSEs, and then there's the fella that said he's not interested in the car but called to ask if he can come drive it. No idea what that's about. Another one called and said he's not convinced about buying but an hour or two in the car might change his mind. Then there's the fella that called, much akin to how one would call a sex hotline, and described in detail how he'd like the test drive the car and give it a good kicking to see if it's something that "can handle his driving" - I was convinced this guy had one hand in his pants.
It's weird. I'll pass in the future, but I think there are a subsection of people that get their jollies off phoning car ads for really expensive stuff and just messing with the owners. Either that or I was terribly unlucky!
Edited by FrancisA on Wednesday 5th June 00:38
Listed the car around 11 pm on a Saterday night thinking i may get a call on the Sunday but within a hour of the ad going live i had my
first call from a gentleman who had a very strong i would guess a very strong eastern European accent and by the noise in the background
was calling from a very lively night club , Partly because of his accent and all the commotion in the background i suggested that he should call
me back during day time hours as it was difficult to hear him, He continued to call for the next three days usually around the same time ,around
1am always with a noisy backgrounds, I blocked his calls in the end as he was making me feel uneasy about even inviting him to view the car,
Next was a very insistent young man with African accent ,sorry i am not being racial ,i am half European myself , He asked if he was to bring a
briefcase full of cash what would be the best price ,also being short of time was unable to make the whole journey to view and would i meet him at a
half way point , I declined but he seemed to take offence with me declining to meet him and got quite aggressive and continued to call until i blocked
his calls too., By now i'm strongly thinking about deleting the ad but maybe i'm just unlucky and the right buyer is just around the corner,
Next was yet another ,say we say none English buyer,this time asking did the car have voice activated controls ,eg starting ect ,
I wasn't quite sure what he meant so asked him to explain me what he was asking , I've never heard of this but according to him this is quite common,
He also was very persistent and rang me repeatedly for some weeks asking the same questions,
Another enquiry seemed to be more interested in me than the car ,At first thought he was just being friendly or wanted to know more because i could
be a bit doggy but the questions got more and more personal and i thought i'd better stop humouring him before he turns up on my doorstep with
a bunch of flowers, He even continued to call long after i pulled the ad a year or so later,
My son took one of the calls and with him thinking he was a genuine buyer was polite until he also was asked some strange questions like are you
single. , After many more calls mainly buyers wanting to part exchange their entire fleet of cars in payment or their slammed Vauxhall Corsa i gave
up and sold the car in a classic auction , Still trying to work out whether it was the fact it was in the lower end of the Lamborghini price range that it was
bringing out the worst in buyers or not but being my first Lambo out of the five i've owned that i had advertised i certainly don't want to go through
all that nonsense again.
Edited by ratrod 2 on Wednesday 5th June 10:03
I did finally manage to sell the car privately, so there's a win - but it only recently sold and in the interim I had more fantastic "offers", including a gentleman who made a good offer, was serious about the car, and when it finally came to it and we agreed on a price just as I breathed a sigh of relief, he mentioned he'd be paying for the car in cash.
"Ah, yeah, so a bank transfer then? I'll shoot over my details"
"No, no - I mean cash."
"Like.. a briefcase full of cash kinda thing?"
"Yeah, exactly - that's fine yeah?
"Errrr, no - not exactly, I'm not entirely sure what I'd do with £155k in hard cash and frankly I don't want to entertain going through the motions of getting all that money deposited in my bank account"
"No, you don't have to do that, you can use for other stuff, you know?"
"What sort of other stuff?"
"Anything you wanna use cash for"
Right then. So that was off after politely telling him I would not accept a bag of cash for the car.
The gentleman that did come down to eventually buy the car first required circa 2 weeks of back and forth on the price, then he came down to see the car, we did the deal and I went off. Took a little while for the money to come through but it did and the car is now with him.
In stark contrast to all above, I put my '85 911 up with Williams Crawford, it sold 2 days after they put out their newsletter without even being properly advertised, I was paid on collection promptly. Job done. Yeah, they took £8k or something out of it, but honestly - have at it, I've been going in circles trying to sell my other car for months at this point. I'll eat the £8k to not have to deal with any of it.
"Ah, yeah, so a bank transfer then? I'll shoot over my details"
"No, no - I mean cash."
"Like.. a briefcase full of cash kinda thing?"
"Yeah, exactly - that's fine yeah?
"Errrr, no - not exactly, I'm not entirely sure what I'd do with £155k in hard cash and frankly I don't want to entertain going through the motions of getting all that money deposited in my bank account"
"No, you don't have to do that, you can use for other stuff, you know?"
"What sort of other stuff?"
"Anything you wanna use cash for"
Right then. So that was off after politely telling him I would not accept a bag of cash for the car.
The gentleman that did come down to eventually buy the car first required circa 2 weeks of back and forth on the price, then he came down to see the car, we did the deal and I went off. Took a little while for the money to come through but it did and the car is now with him.
In stark contrast to all above, I put my '85 911 up with Williams Crawford, it sold 2 days after they put out their newsletter without even being properly advertised, I was paid on collection promptly. Job done. Yeah, they took £8k or something out of it, but honestly - have at it, I've been going in circles trying to sell my other car for months at this point. I'll eat the £8k to not have to deal with any of it.
mirsgarage said:
I did finally manage to sell the car privately, so there's a win - but it only recently sold and in the interim I had more fantastic "offers", including a gentleman who made a good offer, was serious about the car, and when it finally came to it and we agreed on a price just as I breathed a sigh of relief, he mentioned he'd be paying for the car in cash.
"Ah, yeah, so a bank transfer then? I'll shoot over my details"
"No, no - I mean cash."
"Like.. a briefcase full of cash kinda thing?"
"Yeah, exactly - that's fine yeah?
"Errrr, no - not exactly, I'm not entirely sure what I'd do with £155k in hard cash and frankly I don't want to entertain going through the motions of getting all that money deposited in my bank account"
I had a similar situation. Agreed a sale and he offered cash, not as much as in your case but still £68000!"Ah, yeah, so a bank transfer then? I'll shoot over my details"
"No, no - I mean cash."
"Like.. a briefcase full of cash kinda thing?"
"Yeah, exactly - that's fine yeah?
"Errrr, no - not exactly, I'm not entirely sure what I'd do with £155k in hard cash and frankly I don't want to entertain going through the motions of getting all that money deposited in my bank account"
Me: "I'm not sure I fancy receiving that much cash from a stranger, I'd really prefer a bank transfer"
Him: "It's fine, you can just pay it in over several days"
Me: "Okay, you do that then. Call me when you are done and you can make a bank transfer"
Him: "Well, banks tend to ask a lot of questions when you pay in that much"
[Yea mate, the fact you don't want to answer those questions is EXACTLY why I don't want your cash.]
Me: "Sorry, I'm not taking cash"
Him: "Okay, I'll try to pay it into the bank and get back to you"
He strung me along for a bit saying the money was getting paid in but eventually it went dark. I never took the car off the market, so didn't really cost me anything other than a bit of time. At best it was a bit of tax evasion on his part, at worst something more dodgy.
I did sell the car eventually though, and for a lot more than I could have got in PX. In my mind it was worth the effort.
I accepted a substantial cash payment to sell a car.
I made an appointment at the bank and agreed that the buyer would meet me there to complete the purchase.
The bank did not ask me any questions about the source of the funds, and they checked and counted the notes in front of buyer and seller.
In and out in 15 minutes.
I made an appointment at the bank and agreed that the buyer would meet me there to complete the purchase.
The bank did not ask me any questions about the source of the funds, and they checked and counted the notes in front of buyer and seller.
In and out in 15 minutes.
HIAO said:
I accepted a substantial cash payment to sell a car.
I made an appointment at the bank and agreed that the buyer would meet me there to complete the purchase.
The bank did not ask me any questions about the source of the funds, and they checked and counted the notes in front of buyer and seller.
In and out in 15 minutes.
When was that? Money laundering regs are very tight?I made an appointment at the bank and agreed that the buyer would meet me there to complete the purchase.
The bank did not ask me any questions about the source of the funds, and they checked and counted the notes in front of buyer and seller.
In and out in 15 minutes.
Palmball said:
Must have been a while ago...imagine these days making an appointment to see someone in a bank?!
Absolutely. I recently paid cash and had to speak to my online bank about the actual transfer of monies and then had a call within 20mins of it taking place from their money laundering security team to confirm everything was legit plus to confirm I wasn't being coerced in any way. davek_964 said:
I sold a car 4 years ago and the buyer paid most by bank transfer but £10k in cash. We went to the bank together, and I don't remember any questions when paying it in - so maybe the threshold is higher than that.
Cash transactions over 10k Euros(!) must be reported. AFAIK it was £10k sterling/15,000 Euro but it is now £8800, but different institutions have different trigger limits and different monitoring software.Doesn't mean you can't do it, it just means the receiving institution is required to report it. They're also supposed to log and report a linked series of transactions totalling the amount, although if you have several bank accounts with different providers that is virtually impossible.
The main question for cash deposits is "Source of Funds". If you went in with the buyer and told them you'd sold a car and then that should suffice, especially if your account has a high balance and history of larger movements throughit (eg high monthly salare or mortgage or credit card bill). If you tried it every couple of weeks then there would be some red flags raised!.
NRG1976 said:
When was that? Money laundering regs are very tight?
Five years ago. Getting an appointment was straightforward. I called the bank and asked. I had no questions to answer. It was the buyer who had to answer questions.
The bank checked and counted the notes. And as far as I was concerned payment for the car was made when the bank gave me a printed confirmation of the deposit.
Cash wasn’t my preferred choice for receiving payment, but it suited the buyer and other than being a minor inconvenience, it was not a problem.
HIAO said:
Five years ago. Getting an appointment was straightforward. I called the bank and asked.
I had no questions to answer. It was the buyer who had to answer questions.
The bank checked and counted the notes. And as far as I was concerned payment for the car was made when the bank gave me a printed confirmation of the deposit.
Cash wasn’t my preferred choice for receiving payment, but it suited the buyer and other than being a minor inconvenience, it was not a problem.
A bank can subsequently remove the funds from your account if the notes are not genuine.I had no questions to answer. It was the buyer who had to answer questions.
The bank checked and counted the notes. And as far as I was concerned payment for the car was made when the bank gave me a printed confirmation of the deposit.
Cash wasn’t my preferred choice for receiving payment, but it suited the buyer and other than being a minor inconvenience, it was not a problem.
As with the claims above that a bank transfer cannot be recalled, some people seem not to understand that a bank is not obliged to simply accept a loss if someone manages to pass off fake notes or send a transfer from a compromised account.
Ken_Code said:
HIAO said:
Five years ago. Getting an appointment was straightforward. I called the bank and asked.
I had no questions to answer. It was the buyer who had to answer questions.
The bank checked and counted the notes. And as far as I was concerned payment for the car was made when the bank gave me a printed confirmation of the deposit.
Cash wasn’t my preferred choice for receiving payment, but it suited the buyer and other than being a minor inconvenience, it was not a problem.
A bank can subsequently remove the funds from your account if the notes are not genuine.I had no questions to answer. It was the buyer who had to answer questions.
The bank checked and counted the notes. And as far as I was concerned payment for the car was made when the bank gave me a printed confirmation of the deposit.
Cash wasn’t my preferred choice for receiving payment, but it suited the buyer and other than being a minor inconvenience, it was not a problem.
As with the claims above that a bank transfer cannot be recalled, some people seem not to understand that a bank is not obliged to simply accept a loss if someone manages to pass off fake notes or send a transfer from a compromised account.
mirsgarage said:
I did finally manage to sell the car privately, so there's a win - but it only recently sold and in the interim I had more fantastic "offers", including a gentleman who made a good offer, was serious about the car, and when it finally came to it and we agreed on a price just as I breathed a sigh of relief, he mentioned he'd be paying for the car in cash.
"Ah, yeah, so a bank transfer then? I'll shoot over my details"
"No, no - I mean cash."
"Like.. a briefcase full of cash kinda thing?"
"Yeah, exactly - that's fine yeah?
"Errrr, no - not exactly, I'm not entirely sure what I'd do with £155k in hard cash and frankly I don't want to entertain going through the motions of getting all that money deposited in my bank account"
"No, you don't have to do that, you can use for other stuff, you know?"
"What sort of other stuff?"
"Anything you wanna use cash for"
Right then. So that was off after politely telling him I would not accept a bag of cash for the car.
The gentleman that did come down to eventually buy the car first required circa 2 weeks of back and forth on the price, then he came down to see the car, we did the deal and I went off. Took a little while for the money to come through but it did and the car is now with him.
In stark contrast to all above, I put my '85 911 up with Williams Crawford, it sold 2 days after they put out their newsletter without even being properly advertised, I was paid on collection promptly. Job done. Yeah, they took £8k or something out of it, but honestly - have at it, I've been going in circles trying to sell my other car for months at this point. I'll eat the £8k to not have to deal with any of it.
I sold a car for c. 120k euros in cash and then immediately wasted all that money... I will never accept cash again, I am just to stupid and irresponsible. Deal was fine though, so not the buyer's fault. "Ah, yeah, so a bank transfer then? I'll shoot over my details"
"No, no - I mean cash."
"Like.. a briefcase full of cash kinda thing?"
"Yeah, exactly - that's fine yeah?
"Errrr, no - not exactly, I'm not entirely sure what I'd do with £155k in hard cash and frankly I don't want to entertain going through the motions of getting all that money deposited in my bank account"
"No, you don't have to do that, you can use for other stuff, you know?"
"What sort of other stuff?"
"Anything you wanna use cash for"
Right then. So that was off after politely telling him I would not accept a bag of cash for the car.
The gentleman that did come down to eventually buy the car first required circa 2 weeks of back and forth on the price, then he came down to see the car, we did the deal and I went off. Took a little while for the money to come through but it did and the car is now with him.
In stark contrast to all above, I put my '85 911 up with Williams Crawford, it sold 2 days after they put out their newsletter without even being properly advertised, I was paid on collection promptly. Job done. Yeah, they took £8k or something out of it, but honestly - have at it, I've been going in circles trying to sell my other car for months at this point. I'll eat the £8k to not have to deal with any of it.
Edit to add: It was quite cool to have a huge envelope of big denomination bank notes though ...
Edited by MDL111 on Saturday 8th June 10:07
Ken_Code said:
A bank can subsequently remove the funds from your account if the notes are not genuine.
As with the claims above that a bank transfer cannot be recalled, some people seem not to understand that a bank is not obliged to simply accept a loss if someone manages to pass off fake notes or send a transfer from a compromised account.
The bank employee checked the bank notes. As with the claims above that a bank transfer cannot be recalled, some people seem not to understand that a bank is not obliged to simply accept a loss if someone manages to pass off fake notes or send a transfer from a compromised account.
Reassuringly, 5 years later no funds were removed from my account.
For my requirements, accepting cash was a minor and manageable inconvenience.
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