📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Advice for selling a car

Options
I've recently been offered a job in London and I'm hoping to sell my car (a 2009 Vauxhall Corsa). I've never sold a car privately and was hoping to sell to a dealership/company if possible for simplicity.

The car is in good condition and has an estimated value of £4,950, according to confused.com, when I've just put in a test insurance quote.

However, websites such as trademymotor.com seem to significantly undervalue my car - I've just had a sale quote of £2,810.

Does anyone know of any companies who would give me a fair price, or if not, any advice for selling privately?

Thanks

Comments

  • DUTR
    DUTR Posts: 12,958 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    When a trader buys the car, they have to offer warranty, advertise it and make a profit.
    By all means offer it ofr sale privately, look at say autotrader or piston heads to see what similar vehicles are asking.
  • motorguy
    motorguy Posts: 22,611 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    lrf123 wrote: »
    I've recently been offered a job in London and I'm hoping to sell my car (a 2009 Vauxhall Corsa). I've never sold a car privately and was hoping to sell to a dealership/company if possible for simplicity.

    The car is in good condition and has an estimated value of £4,950, according to confused.com, when I've just put in a test insurance quote.

    However, websites such as trademymotor.com seem to significantly undervalue my car - I've just had a sale quote of £2,810.

    Does anyone know of any companies who would give me a fair price, or if not, any advice for selling privately?

    Thanks

    These "we buy your car" type sites buy at below trade price, then sell on to the trade or auction at trade price.

    No trader is going to give you what you consider a "fair" price for it, because as has been said already, they have to add on prep costs, overhead costs, valet, VAT and profit margin, which in total will easily come to £1500-£2000 on a car like yours, yet will leave them with maybe a £500 net margin.
  • Paully232000
    Paully232000 Posts: 2,108 Forumite
    My only advice is to put it on autorader first before you try any of these 'we buy any car' sites/companies.

    Sold my other halfs 2009 vauxhall astra in good condition there within a week for £100 less than I asked and within the guide price for it on CSP/autotrader/whatcar/glass/parker.

    Tried to trade it in and use the companies above and was quoted somewhere in the region of 30% less than I eventually sold for, but to be fair to the dealer was a different mark to the one I was selling and therefore probably didn't want it really. I would only use them as a last resort
  • marlot
    marlot Posts: 4,967 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
  • lrf123
    lrf123 Posts: 2 Newbie
    Thanks for your advice everyone, some helpful tips- will definitely look into selling privately (as well as that sure sell site) before resorting to we buy any car and the like. Much appreciated!
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.1K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.