Selling a 'new' car?

Mozz

Hi, I took delivery of a brand new car less than 2 weeks ago and due to unforeseen personal reasons I've decided to sell it. Obviously it's a second hand car now but what would be the best way to sell it without losing out big time financially?
This car is still pristine and blemish free with less than 300 miles on the clock.

Thanks in advance.

amcluesent

Usual way, autotrader, local classified, sign in the window.

Unfortunately, I think you'll find it lost 20% of the value as soon as the wheels rolled off the garage forecourt.

Hintza

Hope it's not a big car and you struck a good deal. Any rarity value eg Fiat 500?

You need to do some research on this and don't be to greedy, first cut in the price might be the cheapest.

Have you spoken to the dealer?

Mozz

Hi, thanks for the replies.
No it's not a big car...Ford Fiesta, so definitely not rare :rotfl:
Yes I got a very good deal through a broker so the dealer isn't local, but there's a large dealership close by to me so perhaps I could have a word with them?

Conor_3

Its certainly worth a try but as has been said, expect to get a bit of a trousering with the offer. Looking on the bright side, at least its not a 4x4 you're trying to get shut of.

kitchpoo

It being a Fiesta, I would get rid of as soon as possible as the new shape one is very close on the horizon, dealers will be dwindling stock and offering discounts on new quite freely. Are there any family members in need of a car?

in51der

Mozz wrote: »

Hi, I took delivery of a brand new car less than 2 weeks ago and due to unforeseen personal reasons I've decided to sell it. Obviously it's a second hand car now but what would be the best way to sell it without losing out big time financially?
This car is still pristine and blemish free with less than 300 miles on the clock.

Thanks in advance.

Unfortunately you have bought a new car which probably depreciates more than most as it is a ford and therefore there are thousands of ex-rental pre-reg and nearly new cars on the market. If you go to your dealer they will probably not want to buy it back unless you buy another car, if you offer it to another ford dealer they will either not want it or bid you very low for it.
My advice if you have the time and want to save money (although there are no guarantees) is to try and advertise on Autotrader, first see how many are for sale that are like yours in age, spec etc and try and pitch yours a couple of hundred less, make sure you have a picture and it is on their website, and ensure that you describe why you are selling and that it is still a new car with mostly all of the manufacturer’s warranty still on it and make a compelling reason to buy the car from you, this is the only way you will not feel too much pain, but my advice to you would be if there is any way you can keep it, do so as you could easily lose £000s, For future reference never buy a brand new ford always buy a nearly new as then you will always save £000s
Best of luck

DealDrivers_company_representative

Lets try and gove you some pro-active help rather than deride you for the car you chose - as seems to be the way of things on this board lately!

What's the spec' on it, extras, colour etc? We don't mind advertising it for you on our dealerstock website if it helps...there's a real rush on Fiesta at the moment as there's not much unsold stock left. As long as you have the logbook in your possession and your name/address is on it ..(if it was a pre reg and you don't have the logbook you'll be a bit stuck)

As an MSE site member needing help, we won't charge you to advertise it (nor make any money out of it!) and will put any interested parties directly in touch with you - there's always a market for Fiesta but you will suffer a bit on two counts: the vat amount you paid as a new car and the fact that some bonuses were added to remaining new Fiesta stock last week by Ford... Contact us on [EMAIL="sales@dealdrivers.co.uk"]sales@dealdrivers.co.uk[/EMAIL]

We have had permission to post here by ML since May 2006 to offer pricing and spec' advice to site users.

nullogik

Have you tried inputting the details of your into Parkers to get a valuation?

http://www.parkers.co.uk/

in51der

DealDrivers wrote: »

Lets try and gove you some pro-active help rather than deride you for the car you chose - as seems to be the way of things on this board lately!

What's the spec' on it, extras, colour etc? We don't mind advertising it for you on our dealerstock website if it helps...there's a real rush on Fiesta at the moment as there's not much unsold stock left. As long as you have the logbook in your possession and your name/address is on it ..(if it was a pre reg and you don't have the logbook you'll be a bit stuck)

As an MSE site member needing help, we won't charge you to advertise it (nor make any money out of it!) and will put any interested parties directly in touch with you - there's always a market for Fiesta but you will suffer a bit on two counts: the vat amount you paid as a new car and the fact that some bonuses were added to remaining new Fiesta stock last week by Ford... Contact us on [EMAIL="sales@dealdrivers.co.uk"]sales@dealdrivers.co.uk[/EMAIL]

We have had permission to post here by ML since May 2006 to offer pricing and spec' advice to site users.

That’s all well and good being proactive and saying positive things but will that solve the problem? In my experience it’s the market we need to look at, which at present is very price driven. If we have an unusual model we may be able to price at a premium, but what we have here is a mass produced volume car which means that we either talk about whether it was a good purchase or deal with it realistically and get it moved on, because as long as the sun goes down at night the car will only continue to depreciate, sorry to be harsh but I have seen too many people lose too much money because they didn’t act immediately.

goldspanners

apparently buying last of old stock fiestas are now only available left in black colour so they are running low,if it isnt black then the offer from deal drivers seems your best bet.