Selling used cars at the minute?

[Conor D]

Okay, bear with me as I'm just back from the club..

A good friend of mine is looking rid of his 2005 Renault Clio, he said he'd sell it to me for £1500 to avoid any sort of hassle with getting rid of it (He's mad to get a new car - Currently looking at MX5, RX8). On eBay etc similar cars are going for a good bit over £2500.

He'll be over tomorrow so I'll get a better look at it then, but I'm wondering what the market is currently like for selling cheap used cars?

The problem is that I'm back to Liverpool on the 10th of January and I don't know what it would be like trying to sell a car that's back home (Northern Ireland), or possibly getting my Dad to sell it whilst I'm away.. The money I'd be buying it with is money I have saved for an MX5, but it could easily make me quite a nice bit of money on top.

If he's genuinely serious about letting it go so cheap to avoid hassle I'll probably buy it..

[andrew]

04:14 is probably a bad time to be selling
hth

[paoloh]

I'll give you a profit

[Deva Link]

What size engine had it got? We had a lot of trouble selling a 1.6 Clio a few years ago - people looking for a cheap small car don't want a "big" engine.

If it's in good nick etc then the price sounds very cheap. Are you sure he'll let it go for that when it comes to the crunch?

[texasjohn]

It's not the quickest market at the moment and some cars don't seem to be moving at all. I've been looking at various Subarus, 3.0 Legacy not shifting at all and good Foresters (particularly the rare STI) are selling faster than I can get to the damn phone!

So I would say it is down to a number of factors, desirability of the car, rarity of the car and of course the asking price.

[confused_buyer]

The market usually picks up in January (as long as it doesn't snow all month).

Cheap, economical used cars have never been in greater demand. Anything in a nice colour and sensibly priced which does 40mpg+ and is cheap to run should get your hand snatched off in the new year.

[Conor D]

Deva Link said:

What size engine had it got? We had a lot of trouble selling a 1.6 Clio a few years ago - people looking for a cheap small car don't want a "big" engine.

If it's in good nick etc then the price sounds very cheap. Are you sure he'll let it go for that when it comes to the crunch?

This one's a 1.2 Petrol, and insurance group 2. Which is why I'm so tempted, it sounds like it falls into the perfect first car bracket for the right person. It's also black, but he says it only has part history.

I'm not 100% if he would definitely be prepared to sell up at that price, but I'm willing to call his bluff anyway.

[Ozzie Osmond]

confused_buyer said:

Cheap, economical used cars have never been in greater demand.

Which is, of course, the flip-side of "3 year old execo-barge dpereciated £40,000"! The market knows what it wants.

[Jw Vw]

andrew said:

04:14 is probably a bad time to be selling
hth

OP were u drunk writing this!?

[scotty_d]

andrew said:

04:14 is probably a bad time to be selling
hth

you cant beat a bit of night shift PH pondering

[toast boy]

Sounds like there's a profit to be made there as long as there's nothing wrong with it that you don't know about or if it's done intergalactic mileage or something. The market will probably be a bit slow till mid January though so it depends if you can wait?

[Conor D]

Jw Vw said:

andrew said:

04:14 is probably a bad time to be selling
hth

OP were u drunk writing this!?

Haha, I was in the pub from 7.. Mate landed into the pub and told me then that he was getting rid of the car; I was going to post it up then but couldn't get any signal..

So, at 4am.. Yes, I was fked!

[sjj84]

Should easily make a profit, sold my girlfriends 02 1.2 clio dynamic with 87k miles for £2k about 2 months ago.