Am i paying to much for car.

v9017899

Ive got a problem here concerning a car. My wife wants to buy her fathers car who has just passed away..its been looked after immensly. So we`ve been offered the Toyota 1.3 VVT-i T Spirit 5dr MMT. She has older 2 sisters and so they went on line with help from one of there over bearing hubby and has decided to valuate the car price at £5000. Its done 9000 miles and its an 06 plate. it has no tax and no MOT and is currently on sorn. Is this a fair price as i recon thats the fore courts price and after some garage research the qoutes are saying the same .ish price (4900 to £5200) ....but these cars has obviously got tax and mot's. The said car also comes with a Private Number Plate pointing to her fathers name . I believe the wife is thinking with her heart and not her head here, my wife is very head strong to say the least and has blanked me out of this situation and has said she is happy to pay the money. Whats your take on the car evaluation. The cars in prestine condition only a couple of small front scuffs on front bumper thats all. Its her sisters and one hubby i recon wants the max they can get and no thoughts towards family here. need you thoughts please

OddballJamie

Sounds spot on considering the mileage and she knows the cars history, have a look at these
http://www.parkers.co.uk/cars/for-sale/search/used/toyota/yaris/hatchback-2006/13-vvt-i-t-spirit-5d-mmt/33035/_/sort/lowest/rpp/10/page/1/

If she's happy paying the price and actually wants the car, rather than wants it because it was her fathers then there's no problem. Arguing over money at times like this can soon get ugly and it's not worth it when family are concerned, everyone needs to stick together and support each other.

Is she buying the car from the sisters, as in paying 2/3 of the price or her fathers wife/partner?

Ultrasonic

I'm sorry to hear of your wife's loss. If she really wants the car then this probably isn't the time to argue. But from a purely car related point of view I'd say the following:

It always surprises me how much little cars like this cost! But as above it doesn't look wildly off price-wise. But, 9,000 miles on a car that age is incredibly low mileage which might actually be a problem (rather than a good thing). Only doing short trips in a car isn't good for it.

My inclination would be to suggest allowing the car to be sold with the money shared as dictated by the will. Your wife can then dispassionately choose a car that she really wants at a later date.

Oh, and one final thought. Getting over the death of a parent can be a very difficult thing. Would it be wise for your wife to be constantly driving aroundt in her father's car under these circumstances I wonder? Depending on the circumstances, the constant reminder may not be a good thing...

Norman_Castle

If the car has limited or no mileage recently it may need servicing. How long has it been unused?. There will also be a cost for the mot, hopefully low on a low mileage car. The private plate may be worth thousands or near worthless depending what it is.

As above, don't fall out over it.

artichi

Just to add to the very valid points above. Just as with a new car, you should expect a discount on any used car ticket price of between 10-20%.

If in doubt, phone a couple of dealers and ask for a buy price over the phone. Most main dealers have a trade buyer who will buy a car without needing to sell it as a part exchange for a new car (or without needing to see the car).

worried_jim

Ultrasonic wrote: »

9,000 miles on a car that age is incredibly low mileage which might actually be a problem (rather than a good thing). Only doing short trips in a car isn't good for it.

My inclination would be to suggest allowing the car to be sold with the money shared as dictated by the will. Your wife can then dispassionately choose a car that she really wants at a later date.

Oh, and one final thought. Getting over the death of a parent can be a very difficult thing. Would it be wise for your wife to be constantly driving aroundt in her father's car under these circumstances I wonder? Depending on the circumstances, the constant reminder may not be a good thing...

My thoughts exactly. Do the other family members wanted to be reminded as well. Steer well clear- sell the car and buy one independently (and not one with the awful mmt gearbox).

albionrovers

Sorry for your loss.
Can you post the private reg here pls? We can then give some indication of it's worth.

Strider590

In 2008 I bought my 2004 Vectra for £3000, so first of all i'd never pay £5000 for something worse equipped and almost as old 5 years later. But that's just the market, lots of people blindly buying small cars thinking they'll be more economical, without doing the maths. Which is fine by me, it's means there are lots of better cars for less money

My concern with this vehicle is it's low mileage, it almost certainly won't have been serviced often enough (short journeys = service MUCH more often), you can expect no end of problems, i'd estimate the exhaust being the first thing to need replacing once it starts to see "normal" usage.

But it sounds to me like you have no choice in the matter, you'll be the bad guy whatever you do, so the best thing is to simply not say anything.
If you object now, you'll be saying "I told you so" later, even if you don't physically open your mouth to say it.

v9017899

Hi well after reading all your posts i believe your all perfectly right The private reg is A19GCG ... my wife has said that she IS happy to buy the car at that price. The sisters (all three thats including my wife) does have the option of putting the car in and selling it and splitting the money three ways obviously with the rest of assests as mentioned within the will (barring a % to each household for the grandkids). She does feel the loss of her father way more so that the other two who are quite matter of fact(my wife being the youngest of all three). I was brought up very practical (but i'm to soft concerning her). One of the sisters said her hubby went to garages and got quotes but hes very materialistic so i dont knowif i trust there quotes ive paid for parkers and glasses for independant ones and there hovering around 5000 also but that would surely be forecourt prices i.e. taxed tested and a quick service basically OTR with a nice valet.
Your right i dont want to have bad blood and its been a 4 months since his passing but i do believe in fairness and paying the right price for anything. my wife out of our share would pay 3333.33 towards the car as her share woud be paid of her share then from assets of his account.
Maybe i shoud leave it and just go with the flow. Hard one for me being so practical

spacey2012

Want some good advice ?
Keep your nose out, you will get it bitten off.

diesel_dog

Some of you really do need to wind your necks in. The OP is after pricing advice not a blooming life lecture .....

It's worth no more than £3k in the trade. It might be at a dealers for £5k but dealers have overheads, VAT, etc.

The other members of the family have come to the figure of a £5k value, so you'll have a big hurdle to jump in proving it isn't. Not really worth falling out over in this difficult time but good luck in what you decide to do :beer: