Buying/Selling Car - Few Questions

venomx

If I were to buy a new car how does the insurance work regarding giving a potential buyer a test drive ? I'll most likely sell privately as I have looked on webuyanycar etc and their quotes are way too low

My policy does cover " Driving other vehicles " Which covers me for third party, which is fine if I want to test drive someone elses car.

However;
If someone wants to test drive my car, the car must have a valid policy ( from what I read )
What if I buy a new car, transfer the policy over to it. How then does someone test drive my old car, as there wouldn't be a valid policy on it

Perhaps buy the new car, get it delivered to my home. Keep using the old car and the policy on it until it's been agreed to be sold. Then transfer the policy over to the new car after it's been test-driven ?

Also. are sites like Cazoo, Cinch etc any good ?

Thanks !

PRAISETHESUN

My understanding is that you'd want to have your own insurance if you're taking the car onto the road. I'd probably recommend buying a temporary policy for the car you're selling if you're transferring your main policy to a different vehicle. In addition to that, you'd also want any prospective buyer to have their own "driving other vehicle" insurance (which you'd want to see a copy of before letting them behind the wheel).

The main issue with not insuring your new car is that it won't be covered in the event of fire/theft whilst it's in your driveway - which I presume is something you'd want covered?

Car_54

OP, if you speak to your insurer they may be willing to cover both cars for a week or two while you sell the old one. Any test-driver will still need his own cover.
The potential problem is that finding a buyer may take a lot longer than that.  Are you sure your expectations on price are realistic? Selling to WBAC or the like would save a lot of hassle.

venomx

Car_54 said:

OP, if you speak to your insurer they may be willing to cover both cars for a week or two while you sell the old one. Any test-driver will still need his own cover.
The potential problem is that finding a buyer may take a lot longer than that.  Are you sure your expectations on price are realistic? Selling to WBAC or the like would save a lot of hassle.

Yeah good point. I have only looked at Autotrader to compare prices. WBAC are offering about £600-£800 less than the prices on Autotrader.
I know there are others out there like CarWow. So I'll wait until nearer the time of selling the car to get a more accurate quote

I suppose if I sell to WBAC or even a local dealership ( not the manufacturer, I mean an autos down the road )  it would save a lot of hassle as you say. No worry about insurance, test drives etc

Jenni_D

Autotrader only show asking prices not actual sold prices? So perhaps WBAC are not as far adrift as you may think?

How does £600-£800 compare with the Autotrader advert prices? (If the advert price is £3k then £600 is 20%; if it's £12k then it's 5%)

forgotmyname

Driving other cars generally only covers them 3rd party. They crash it and their policy pays for the damage to whoever
they hit but your cars damaged and will not be fixed.  If its another party's fault then they can claim but it could take a
long time to sort.

venomx

Thanks for the useful information everyone.
As it's only a cheap old car I think it's best if I just use WBAC/Cazoo/Carwow etc and see who can offer the most.
No nonsense and guaranteed to get a fair amount of money for it.

venomx

Jenni_D said:

Autotrader only show asking prices not actual sold prices? So perhaps WBAC are not as far adrift as you may think?

How does £600-£800 compare with the Autotrader advert prices? (If the advert price is £3k then £600 is 20%; if it's £12k then it's 5%)

Where is the best place to find actual sold prices ?
Autotrader is about £2,000 to £2,600 - WBAC is about £1,600 ( looking at same model variant cars with similar mileage )

Cazoo do ask a lot more questions regarding the car, including photos etc so I'd assume I'd get a more accurate quote that way.

As said, selling the car is a while off yet but just wanted to do some research in advance

[Deleted User]

Firstly I always take the buyer as a passenger on a test drive myself rather than let them drive the car, with a bit of imagination you can easily prove the car is road worthy without them actually driving it them, just drive it like you stole it and they will be happy.

When you weigh up the difference between taking a new policy out on your new car and continuing your old policy on the old car until you sell it and then cancel it vs trading in the car or using WBAC etc then the price gap might reduce a little.

Herzlos

venomx said:

Jenni_D said:

Autotrader only show asking prices not actual sold prices? So perhaps WBAC are not as far adrift as you may think?

How does £600-£800 compare with the Autotrader advert prices? (If the advert price is £3k then £600 is 20%; if it's £12k then it's 5%)

Where is the best place to find actual sold prices ?

You can't, because it's usually not recorded anywhere or published since it'll be a verbal agreement in front of the car. Autotrader should give you an estimate of the prices, and would the various guides (like glass) but they can only be so accurate.

I'd expect any private sale to try and knock some money off.