Dealers get the honey?
Discussion
Sold my car to a dealer the other day nice guy came handed over the dollars then left anyway my car sold for £21495 with nothing to do but clean.
The car is now up at £25495 a nice 4k margin and i'm sure he will get most of it and good luck to the guy.
I had my car up for sale here for 5 months and all i had were time waisters from the buying public.Its seems to me that most of us like making the stealer rich then we complain about how much profit they make.
Had any of the 30 or so time waisters had come to even view my car i would have got a bit more and they would have saved more
So to the stealer who bought my car:
Thanks for the hassel free sale and i hope you get every penny for it
www.alexanders-prestige.co.uk
The car is now up at £25495 a nice 4k margin and i'm sure he will get most of it and good luck to the guy.
I had my car up for sale here for 5 months and all i had were time waisters from the buying public.Its seems to me that most of us like making the stealer rich then we complain about how much profit they make.
Had any of the 30 or so time waisters had come to even view my car i would have got a bit more and they would have saved more
So to the stealer who bought my car:
Thanks for the hassel free sale and i hope you get every penny for it
www.alexanders-prestige.co.uk
I wouldn't have said that 4k was a huge amount to be fair. Bare in mind there's Vat in this, and a dealer warranty and it's fairly reasonable.
What was your point by the way, that it was a lot or that it was OK? Oh and why did you deal in dollars??
What was your point by the way, that it was a lot or that it was OK? Oh and why did you deal in dollars??
Edited by Carrera2 on Tuesday 21st November 08:58
Good point, but what did you have it advertised for because if you had it up for £24k, and dealers advertise at 1.5k more then it will only attract timewasters, I would want to see a 4k saving to attract (price/risk etc.) me at that price level but you can get that off the dealer with no knifepoint test drives/fraud drafts so why bother, hence the market for the middleman with a bucket and sponge! As a private seller at 20k ish what would be the minimum mark up over the base trade offer you'd be prepared to accept £500 for your trouble? anything less and it's not worth phoning the bank, waiting in, cleaning it etc.
There is no warranty to put on the car nothing to do at all.Imo 4k is a lot especially when it isn't a main dealer but my gripe isn't with the dealer(for once)
My main point is that trying to sell anything privately today is a real nightmare and dealing with the general public is such an ordeal and you dont realise how many time wasters there are till you have to deal with them.
Some people think its OK to mess you around and to be disrespectful while others have watched to much of deals on wheels.
I wont be selling anything privately again I'd rather sell to the dealer take less and not have the chew on.
Thank God we do have motor traders at the end of the day
My main point is that trying to sell anything privately today is a real nightmare and dealing with the general public is such an ordeal and you dont realise how many time wasters there are till you have to deal with them.
Some people think its OK to mess you around and to be disrespectful while others have watched to much of deals on wheels.
I wont be selling anything privately again I'd rather sell to the dealer take less and not have the chew on.
Thank God we do have motor traders at the end of the day
Oh yes the general pubic....I auctioned an audi cabriolet on ebay this year for the first time, the number of weirdos phoning and saying I'm in birmingham now I have £2000 can I come and have the car was unbelievable. There are some seriously sad people about no doubt you had cash offers of £18k! At your price level you don't need the aggro I'm sure.
ian_cab28 said:
I would want to see a 4k saving to attract (price/risk etc.) me at that price level
That's a bit unreasonable.
- £500 warranty (excellent a-market one) - assuming the car is >3y.o. (this one doesn't seem to be!)
- £200 inspection & HPI
...and then you've as much cover as a dealer will offer you. Albeit slightly less comeback if something big goes 'bang' 1 month in.
On that basis, £1k - £1.5k is probably the 'break-even' point between private and trade at that level, given the risk difference.
So if there's £4k between a trade sale and a part-ex, then the right private (final, agreed) sale price is somewhere between £1k below trade and £4k below trade, depending on the negotiations.
Are you guys missing something here?
My car had an extended BMW warranty till Sept 2007 it just had tyres pads and didn't need a service for 9000 mls.
All the guy has done is clean it full stop.
At the end of the day i'm happy to be out and good luck to the dealer i just hope one of those time waisting t
ts buys it.
My car had an extended BMW warranty till Sept 2007 it just had tyres pads and didn't need a service for 9000 mls.
All the guy has done is clean it full stop.
At the end of the day i'm happy to be out and good luck to the dealer i just hope one of those time waisting t
ts buys it.rob05 said:
Are you guys missing something here?
My car had an extended BMW warranty till Sept 2007 it just had tyres pads and didn't need a service for 9000 mls.
All the guy has done is clean it full stop.
At the end of the day i'm happy to be out and good luck to the dealer i just hope one of those time waisting tts buys it.
My car had an extended BMW warranty till Sept 2007 it just had tyres pads and didn't need a service for 9000 mls.
All the guy has done is clean it full stop.
At the end of the day i'm happy to be out and good luck to the dealer i just hope one of those time waisting t
ts buys it.Whats your point? I assume this is the first time you've sold a car to a dealer?
Guess what? They make money!
Carrera2 said:
Whats your point? I assume this is the first time you've sold a car to a dealer?
Guess what? They make money!
Guess what? They make money!
If you've read the OP his gripe is at 'private buyers', or timewasters in his vernacular. Specifically the fact that after advertising for 3 months and seeing a fair few timewasters, he's ended up offloading it to a dealer who now need do little except hold it for a short period of time to make a few £k profit out of it (as dealers do) because no private buyer was properly interested.
May well be down to the price of car...above £20k and a lot of buyers get itchy about private sales, extd. warranty or not.
Above 20k more like 10k, a neighbour of mine a few years back had a v70 t5 fantastic condition he was a wash and polish merchant every sunday could sell it privately for love or money took the 10.5k from the local volvo dealer on the saturday morning it was up and sold for £14k in the afternoon! Perhaps my 4k spread was a bit rich but the point is that as a private seller he'd struggle to make £1k over trade and then plus the premium for the hpi/warranty, if it's advertised at 23k it doesn't look worth it.
I think you have summed it up nicely havoc and you are correct my gripe was never with the dealer in fact he was spot on.
My thread was just to make the point that we all moan about dealers poor p/x etc but should we really when you have to face the realities of the alternatives?
Each time Ive sold my car privately its got harder and harder and its now at a point where you can trust anyone anymore not with bankers draft or even a simple phone call.
It really didn't used to be so hard to sell a car.
My thread was just to make the point that we all moan about dealers poor p/x etc but should we really when you have to face the realities of the alternatives?
Each time Ive sold my car privately its got harder and harder and its now at a point where you can trust anyone anymore not with bankers draft or even a simple phone call.
It really didn't used to be so hard to sell a car.
ian_cab28 said:
as a private seller he'd struggle to make £1k over trade and then plus the premium for the hpi/warranty,
That was one of the reasons I just flogged the 'teg to a dealer (that and it was of an age where bills were looming and serious buyers would know/spot that, so I'd be murdered on price) for not-exceptional money - I couldn't be dealing with the hassle of selling such a car privately, not with all the test-pilots around and cleaner machines on the market.
rob05 said:
The car is now up at £25495 a nice 4k margin
Don't forget that if it's up for £25,495 then no-one is going to want to pay that. Buyers will be looking for 1-2K off, or for the dealer to bump up the value of their P/X.
And if the car sits there for a few months soaking up interest payments on the money the dealer borrowed to pay for it, then he may end up unloading it into the trade of even auctioning it.
You didn't say what your asking price was?
I've p/xd the last couple of cars I've changed - I don't have the inclination or energy to deal with privat sellers. Plus it can be risky business with fairly valuable cars.
deva link said:
I've p/xd the last couple of cars I've changed - I don't have the inclination or energy to deal with privat sellers. Plus it can be risky business with fairly valuable cars.
Trouble with that is you lose both ways - you only get P/X value for yours, and pay above private money for theirs.
I've only bought one car through a dealer - the current Focus, and that's because they're quite rare and what I wanted wasn't coming up in the small ads. Paid about £600-800 over private sale for it (<18mths old so no warranty needed), which i lost (and more) as soon as I drove it off the forecourt. plus the dealership were really shoddy about the paperwork, and never supplied one receipt for work allegedly done!
The three Hondas have all been private, and the Civic and the S2000 were excellent buys. The 'teg wasn't perfect but was mechanically sound and too good a price to turn down. All 3 were comparatively painless.
Selling privately, though, I would have to agree is a nightmare. Not looking forward to shifting the Focus as I won't be looking to p/ex that when the time comes.
I have to agree with Rob05!
The number of complete timewasters one encounters when selling cars privately is incredible! The excuses never fail to astonish...the discourtesy of some people...breathtaking!
I'm sure all of us here on this forum are 'serious' people...but you wouldn't believe the number of w$nkers out there!
This actually has taught me a healthy respect for good car dealers...to have to do their job to actually earn your living must on occasions be one of the most frustrating jobs there can be! Even if the chap makes the full £4K as clear profit on that car (which of course he won't!)...Good luck to him I say!
One tip I've learnt and would like to hand-over is: Whenever possible if advertising a car privately try to do it in such a way as the only way you can be initially contacted is by e-mail...this will save you the endless hours you have to spend talking on the phone to some of the ignorant w$nkers! If the e-mail contact is patently the work of a moron you are then not obliged to waste your time by replying.
The more annoying type of time-waster is the one that arranges to come to view...you wait in...and he just doesn't turn up. A way round this is to arrange several viewings all on one day so as not to waste multiple days. The really genuine buying who is really keen to have your car will do all they can to get there before the others and may then even arrange to come immediately...you know they're serious then. If that then happens and the sale goes through you can inform those who were not as keen and committed that car has gone. I know it sounds harsh but as Rob05 said it does seem that things are becoming worse and there are more and more timewasters out there these days!
Derin
www.bmwclassics.co.uk
The number of complete timewasters one encounters when selling cars privately is incredible! The excuses never fail to astonish...the discourtesy of some people...breathtaking!
I'm sure all of us here on this forum are 'serious' people...but you wouldn't believe the number of w$nkers out there!
This actually has taught me a healthy respect for good car dealers...to have to do their job to actually earn your living must on occasions be one of the most frustrating jobs there can be! Even if the chap makes the full £4K as clear profit on that car (which of course he won't!)...Good luck to him I say!
One tip I've learnt and would like to hand-over is: Whenever possible if advertising a car privately try to do it in such a way as the only way you can be initially contacted is by e-mail...this will save you the endless hours you have to spend talking on the phone to some of the ignorant w$nkers! If the e-mail contact is patently the work of a moron you are then not obliged to waste your time by replying.
The more annoying type of time-waster is the one that arranges to come to view...you wait in...and he just doesn't turn up. A way round this is to arrange several viewings all on one day so as not to waste multiple days. The really genuine buying who is really keen to have your car will do all they can to get there before the others and may then even arrange to come immediately...you know they're serious then. If that then happens and the sale goes through you can inform those who were not as keen and committed that car has gone. I know it sounds harsh but as Rob05 said it does seem that things are becoming worse and there are more and more timewasters out there these days!
Derin
www.bmwclassics.co.uk
I had a good experience selling my 54 plate 996C2 to a private buyer!
He came and had a look, he wanted it inspecting (at his cost) at an OPC.
Arranged that and I drove it to the OPC for him, he gave me a lift home (50miles)
The car passed the 111 point check, needed RMS and alarm sensor which was warranty work.
He had got finance for the car and the finance company paid me directly to my bank account!
I bought a CSL the next day!
I thought i would struggle selling a car of that value privately but the key is warranty and not many punters are aware that it is just as easy to finance a car from private seller as it is a dealer!
Finance co's just want chassis/reg number they do the checks on the car re hpi etc and then transfer funds direct to you which sort removes some of the risk in handing over your 'own' money when doing the transaction itself!
He came and had a look, he wanted it inspecting (at his cost) at an OPC.
Arranged that and I drove it to the OPC for him, he gave me a lift home (50miles)
The car passed the 111 point check, needed RMS and alarm sensor which was warranty work.
He had got finance for the car and the finance company paid me directly to my bank account!
I bought a CSL the next day!
I thought i would struggle selling a car of that value privately but the key is warranty and not many punters are aware that it is just as easy to finance a car from private seller as it is a dealer!
Finance co's just want chassis/reg number they do the checks on the car re hpi etc and then transfer funds direct to you which sort removes some of the risk in handing over your 'own' money when doing the transaction itself!
And the margin/saving to the purchaser over part exing the 996 was? Probably the one big advantage of buying privately is seeing the previous owner, tidy house and garage means tidy car! on an M3 or 911 I think it would be really useful to determine if it was a shiney but ragged example. Increasingly as pointed out unless the seller has a pathological hatred of dealers making money on his part ex then most "decent" people simply chop the car in.
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