Selling a Car is a nightmare right now

mr_benn_2

I have had a new car since January, awarded on the Motability scheme because of my daughter's special needs but am having a hell of a time selling my older one! I am in Northern Ireland so we already have had the MOT débâcle here and now the pandemic. I have had it on Gumtree, Auto Trader and FB for 2 months and only had the usual lowballers making any kind of approach (and even those do not follow through). I have cancelled the insurance and SORN'ed the vehicle so it is not costing me money thankfully.

Just having a rant!

tommyedinburgh

Have you have several ‘lowball’ offers?

I wonder if it might be logical to think that those offers might represent market value just now? 

Exemplar

Rant away, looking at those sites I see a massive downturn in the amount of adverts currently. Sit on it and wait.

Paula_Smith

We had a car for sale starting in November with 12 months MOT. Advertised it on Ebay, Facebook, Gumtree and Autotrader. Sold it in late February. Starting price was £3800, (which we thought was about 300 too much) selling price was £3000.
In the first week we had a chancer offering 3k without seeing it - which is the price we eventually sold it for.
We supposed it was to do with Brexit, then Christmas, then decided that not many people buy cars privately any more.

born_again

Don't sell it at the moment is the best advice. You will only get people offering silly money on the hope you are desperate to sell.

The_Rainmaker

First cut is the cheapest, however that boat has probably sailed.

OP if find out the glasses/parker price and knock 10% off and try again (might still struggle but at least you will be shot of it.

strawb_shortcake

I'll be looking for a new car when the lockdown is lifted, I am expecting prices to drop for used cars, I have been keeping an eye on local garages to monitor prices as well as what cars are on their current stock list. 
I want to know if a car has been sat for 3, 4, 5 months prior to me purchasing it so that I can get the garage to change fluids etc, a new service maybe a new MOT depending on dates. 
I'm hoping I'll be able to pick something up a little newer for my budget than I could have done 6 weeks ago.
Unfortunately for those needing to sell for whatever reason are likely going to have to accept lower offers if they want to be rid of the car.

photome

annabanana82 said:

I'll be looking for a new car when the lockdown is lifted, I am expecting prices to drop for used cars, I have been keeping an eye on local garages to monitor prices as well as what cars are on their current stock list. 
I want to know if a car has been sat for 3, 4, 5 months prior to me purchasing it so that I can get the garage to change fluids etc, a new service maybe a new MOT depending on dates. 
I'm hoping I'll be able to pick something up a little newer for my budget than I could have done 6 weeks ago.
Unfortunately for those needing to sell for whatever reason are likely going to have to accept lower offers if they want to be rid of the car.

Could it go the other way?

When the market opens there could be a glut of buyers pushing prices up

Just_a_person

How low is lowball?

strawb_shortcake

photome said:

annabanana82 said:

I'll be looking for a new car when the lockdown is lifted, I am expecting prices to drop for used cars, I have been keeping an eye on local garages to monitor prices as well as what cars are on their current stock list. 
I want to know if a car has been sat for 3, 4, 5 months prior to me purchasing it so that I can get the garage to change fluids etc, a new service maybe a new MOT depending on dates. 
I'm hoping I'll be able to pick something up a little newer for my budget than I could have done 6 weeks ago.
Unfortunately for those needing to sell for whatever reason are likely going to have to accept lower offers if they want to be rid of the car.

Could it go the other way?

When the market opens there could be a glut of buyers pushing prices up

Possibly, I was mainly going off comments I'd read here and elsewhere and obviously hoping it would go in my favour. 
You have some people that will be hit hard financially over CV-19 and others that are in secure jobs and continue to be paid, whilst having much reduced outgoings. I'm fortunate enough to be in the latter group, so if it goes the other way I can revert back to my usual old bangers and hope for the best

The_Rainmaker

photome said:

Could it go the other way?

When the market opens there could be a glut of buyers pushing prices up

I very much doubt it, there will no doubt be a lot of repossessions, surplus stock of end of lease cars that have not made it to the market etc.

Unemployment will probably be high, folk will be cash strapped.