Selling a high-value car

force_ten

I would also try and sell it into the dealer network it will be by far your easiest way of selling this car

you wont make the full retail value of the car but you will be selling to a reliable source

I would be very wary of selling a forty grand car as a private sale and i definitely wouldn't buy a car of that value and type outside the dealer network

Captaincodpiece

Hintza wrote: »

Webuyanycar's figure looks as if it is in the right ballpark.

Quick look on auto trader and they appear not to be having his pants down.

Captaincodpiece

force_ten wrote: »

I would also try and sell it into the dealer network it will be by far your easiest way of selling this car

you wont make the full retail value of the car but you will be selling to a reliable source

I would be very wary of selling a forty grand car as a private sale and i definitely wouldn't buy a car of that value and type outside the dealer network

Good move, if he's always used the same main dealer, they'll know the car.

legionare64

A '61 plate range rover would be best sold back into the Landrover dealer network, they are the only ones who can retail them with a proper warranty etc. They should offer a decent price and wont reduce it by £10k when you show up unlike WBAC.

force_ten

I would start with the selling dealer

assuming that the car was bought new from a main dealer and was taken back to them for service and the like then they may take the car as they know its history

it costs nothing to ask so use the selling dealer as a starting point

TonyMMM

When I dealt with my father's estate, I sold his 18 month old car back to the dealership he'd bought it from and got a decent deal from them - probably could have got a little more selling it privately but like you didn't need the hassle.

Avoriaz

In 1994 I bought a car for £19,500.

The seller was naturally very cautious about payment.

I made arrangements with my then building society to issue a building society cheque for £19,500. The seller collected me from my home in the car and we visited the branch together where the cheque was given to him over the counter with a guarantee that I could not cancel the cheque or interfere with it in any way.

He then gave me the car keys etc. I had already shown him proof of my address and that I had owned the house for over 10 years.

The building society made no charge for this service, other than deducting the £19,500 from my account.

If you want to sell privately, you could investigate a similar arrangement with the buyers bank or building society. Don't deal with someone who is reluctant to prove his ID and permanent address.

I wasn't in the slightest offended by my sellers caution and concerns. It was a lot of money and I would have been as cautious as he was had the situations been reversed. I was just a random stranger who had responded to his for sale advert and there was no reason for him to automatically trust me. I fully understood his desire to be 100% certain that he was getting his money.

miserable_ol_so_n_so

Hangabout......a few things come to mind....all with maximum pessimism in mind:
1. Re twenty pound notes ....could be forgeries
2.Dealership...no matter how reputable, they could go bust the next day and you holding a useless cheque.
3. Bank transfer. Even if you verify that the money is your account, I believe it can still be removed from your account by the banks under some dubious circumstances.......can anyone throw some light on this....all I can remember is there is some window during which this can happen
4. I recently read a change to terms and conditions from one of the banks, think twas first direct whereby if the bank is infromed that the transfer in was a mistake (perhaps went into the wrong account), the bank will return the money to the sender!


I believe above observations are my genuine concerns. They may be right or utterly wrong, but I myself am about to sell my car for about 4000 quids and have been agonising about all the scams that are about and need to decide what method to use.

colino

Selling to a prominent dealer would be the way to go, they are high value/high risk cars and a lot are business or lease cars and new owners want a solid warranty behind them. I'd be very particular on the spec of this particular car, as at this age there is still considerable value to be added to certain upgrades the car may be fitted with. (As cars get older, the high spec doesn't add value, just makes them easier to sell).

lovinituk

miserable_ol_so_n_so wrote: »

3. Bank transfer. Even if you verify that the money is your account, I believe it can still be removed from your account by the banks under some dubious circumstances.......can anyone throw some light on this....all I can remember is there is some window during which this can happen
4. I recently read a change to terms and conditions from one of the banks, think twas first direct whereby if the bank is infromed that the transfer in was a mistake (perhaps went into the wrong account), the bank will return the money to the sender!

Nope! Once a bank transfer is sent and received its not reversible. If the sender later says they didn't make the transfer (i.e. it was fraudulent) then the bank will conduct an investigation.