Problems after selling car

Silvertabby

sweetsand said:

Dear OP
For furture reference and anyone else reading, it's what's happened to you that makes us only sell our cars as p/x to main dealer or webuyyourcar etc - you may get a bit less money but once sold, you have not fear of some trouble maker knocking on your door.
We only buy from a main dealer even when via a borrker and as stated sell to main dealer via p/x but recent years sell to thos webuyyour car outfits then able to get a better deal.

Ditto.  We recently bought a new car and received £10,500 trade in.  We later saw our old car on the (main dealer's) forecourt for £12K.

Yes, we may have got a bit more from a private sale, but an extra few £100s just wasn't worth the stress or the hassle.

P.S. Wouldn't use we-buy-any-car though !

Grumpy_chap

Silvertabby said:

We recently bought a new car and received £10,500 trade in.  We later saw our car on the (main dealer's) forecourt for £12K.

The difficulty with this is to know what you actually received for your trade in.

If the Dealer paid you £10.5k and then put on the forecourt at £12k, that leaves only £1.5k to cover all the costs, overhead, profits and negotiating margin on the next sale.  This is very slim when everything is considered.

Is it possible that your good trade in price actually included the cash discount that you could have secured without the trade in, thus making the trade in valuation less attractive?

Silvertabby

Grumpy_chap said:

Silvertabby said:

We recently bought a new car and received £10,500 trade in.  We later saw our car on the (main dealer's) forecourt for £12K.

The difficulty with this is to know what you actually received for your trade in.

If the Dealer paid you £10.5k and then put on the forecourt at £12k, that leaves only £1.5k to cover all the costs, overhead, profits and negotiating margin on the next sale.  This is very slim when everything is considered.

Is it possible that your good trade in price actually included the cash discount that you could have secured without the trade in, thus making the trade in valuation less attractive?

Also got £1K dealer discount, plus another £1K contribution due to taking a PCP contract (which we will be paying off VERY early).

We did look around, but are happy with our choice.  There are some good new car deals around at the moment, as dealers are still struggling to sell new cars.

We possibly got a higher than normal trade in because our old car was in extremely good condition (no kids, no dogs, no smokers), low mileage and dealer serviced from new.  Plus this was the 4th new car that we have bought from this dealership, and the third from the same salesman.

Grumpy_chap

That seems good @Silvertabby - glad you got a good deal.

That dealer is going to struggle to actually make a profit on the resale of your trade in unless they secure another finance sale with it.

I have not seen any dealers struggling to sell at the moment.

sweetsand

Silvertabby said:

sweetsand said:

Dear OP
For furture reference and anyone else reading, it's what's happened to you that makes us only sell our cars as p/x to main dealer or webuyyourcar etc - you may get a bit less money but once sold, you have not fear of some trouble maker knocking on your door.
We only buy from a main dealer even when via a borrker and as stated sell to main dealer via p/x but recent years sell to thos webuyyour car outfits then able to get a better deal.

Ditto.  We recently bought a new car and received £10,500 trade in.  We later saw our old car on the (main dealer's) forecourt for £12K.

Yes, we may have got a bit more from a private sale, but an extra few £100s just wasn't worth the stress or the hassle.

P.S. Wouldn't use we-buy-any-car though !

Cheers and well done
Sorry, i know its webuy..... but there are a few and I did not want to give them a free ad

you got 10-5 and dealer selling for 12k but remember they have resposiblity and usally a years warranty if a MB.

noitsnotme

Oh no, here we go again 🤷‍♂️

George_Michael

frost500 said:

 They should inspect the car, test drive, pay, walk away, no comebacks. 

No comebacks provided that the vehicle is correctly described and the seller had the legal right to sell it.
If you list a car as accident free and in very good condition and the buyer later finds out that it had been in an accident then they may have a legal right to return the car and get a refund.
As to:

frost500 said:

ID protection is paramount. 
the punter should have zero interest in your Id at all, why would they? 

When buying a car privately, one of the most basic checks that you should carry out is verification of the seller and if possible, making sure that the details on the V5 match the location of where you have viewed the car.

frost500 said:

Do not give out your address when they come to view, tell them the street name and post code and to phone when they arrive, wait in the car in the road. They will be looking for the car. 

Doing that should have any sensible buyer running a mile as refusing to provide any of you details are the actions of a scammer and not a trustworthy seller and everything that you advise doing is the complete opposite of what respectable organisations such as the RAC, AA etc advise.
Now who gives better advice, an unknown and unverifiable person on a website or a large motoring organisation?