Selling car would you admit it needed costly repairs?

photome

JohnSwift10 said:

elsien said:

It may be buyer beware  for a private sale, but how’s your moral compass doing? 

I did say I was thinking of selling it privately but I would probably feel guilty if I didn't mention the faults,

Which could read as if I sell it privately, I won’t mention the faults and I will live with the guilt

no way will WBAC pay £1500, did you mention the faults?

Best bet is as above fix the wipers cheaply and MOT it, then list it with full MOT but AC not working

Bettie

I part exchanged my  Panda that had a lot of minor faults and two major faults. I told the garage that I would hate for someone to buy it and then find out about the faults. He said as it was old and had these faults he would send it to scrap. 
He offered me £250. Then upped it to £300 which I accepted as my mechanic said it would cost too much to repair and was on its last legs.  
Two weeks on its on his forecourt for £2999 😠

sheramber

When we traded in an old car the salesman inspected it then phoned the auction house they use and they made an offer it. 

The offer was what we expected so accepted it. The salesman added on another £500 to  the trade in price. 

facade

Bettie said:

I part exchanged my  Panda that had a lot of minor faults and two major faults. I told the garage that I would hate for someone to buy it and then find out about the faults. He said as it was old and had these faults he would send it to scrap. 
He offered me £250. Then upped it to £300 which I accepted as my mechanic said it would cost too much to repair and was on its last legs.  
Two weeks on its on his forecourt for £2999 😠

Because he fixed the faults that were too expensive for you to fix.

He needs to have at least £1000 in that, not least because he will be paying 20% VAT on the difference between £300 and £2999- overall he "makes" £460 out of that nominal £1000, but could lose that if the new buyer comes back in a week needing a new gearbox. (With all the advice on here and elsewhere, they will be back demanding a repair if anything goes wrong in 6 months- on a £3000 car that is a virtual certainty)

So he fixed it for less than £1700, he pays "mates rates" at his garage, or does it himself.

Most people part exchange cars because there is something wrong with them that they "forget" to tell the dealer, so the dealer has to offer near scrap money to be in with a chance of not losing money on them after he has fixed them.

If it is the one car in 10,000 that actually has nothing wrong, except that it is too old, then he makes more money that will offset some of the losses.

(If it is that one car in 10,000, the owner won't accept the PX offer and sells it privately as they know it is a good one!)

Goudy

Bettie said:

I part exchanged my  Panda that had a lot of minor faults and two major faults. I told the garage that I would hate for someone to buy it and then find out about the faults. He said as it was old and had these faults he would send it to scrap. 
He offered me £250. Then upped it to £300 which I accepted as my mechanic said it would cost too much to repair and was on its last legs.  
Two weeks on its on his forecourt for £2999 😠

I was talking to a relative of mine not long ago that works in the motor trade about the time I used to flip the odd car. I'd buy something like an MX5 in the winter and sort out a few necessary jobs, run it until spring and sell it on.

My relative laughed and told me I got it all wrong.
These days traders just flog them as is with an "Andrex" warranty (worth about as much as toilet paper), then when they go wrong point the new owner to the warranty.

It's basically what the main dealers do anyway.
If it's still under manufacturers warranty, they wouldn't fix it until an owner claims on the warranty and they can claim all the costs back.
The same goes it's it's under a dealer warranty.

There is no profit is buying stock, fixing it and then selling it.
They just let the warranty sort it out.

If you haven't a warranty or it's worthless, well tough luck.



 

JohnSwift10

WellKnownSid said:

I believe you want a new car so are applying what is commonly referred to as "man maths" to justify getting rid of the old one.

Exactly, I have decided I want a new car and since I can afford one and even though I am a nearly 79 year old pensioner I am going to get one.

It ain't  "man maths" it's going out with a bang.

I am off to a dealer this afternoon to look at new cars, not used second hand, new cars.

How long does it take to buy a car and drive it away?

Goudy

It depends.
Some manufacturers/importers stockpile cars, so have them in stock.
Others are factory builds particularly if you want certain optional extras, so could take months.

I know there are some good deals on Honda Jazz at the moment, but only the Advance spec ones.
A lot are getting listed on Autotrader £5 to £6k below list so I expect they are already prebuilt and waiting for a buyer.

Fiat said they were stopping making the Panda almost a year ago, but they have stock to last another couple of years.

WellKnownSid

JohnSwift10 said:

WellKnownSid said:

I believe you want a new car so are applying what is commonly referred to as "man maths" to justify getting rid of the old one.

Exactly, I have decided I want a new car and since I can afford one and even though I am a nearly 79 year old pensioner I am going to get one.

It ain't  "man maths" it's going out with a bang.

I am off to a dealer this afternoon to look at new cars, not used second hand, new cars.

How long does it take to buy a car and drive it away?

It it's in stock, a day to PDI it and give it a clean, depends how busy / eager they are and how close they are to this month's target.  Some will give you 7 days free insurance to make it easier for you.

Herzlos

I wouldn't bother fixing the aircon, but if you're looking at £20 + labour for the wiper linkage I'd go that route. Aircon is nice, but plenty of people will be happy to buy a banger without it. 

Was there any indication of what it'd need to pass an MOT? That's probably the bigger deal.

facade said:

Bettie said:

I part exchanged my  Panda that had a lot of minor faults and two major faults. I told the garage that I would hate for someone to buy it and then find out about the faults. He said as it was old and had these faults he would send it to scrap. 
He offered me £250. Then upped it to £300 which I accepted as my mechanic said it would cost too much to repair and was on its last legs.  
Two weeks on its on his forecourt for £2999 😠

Because he fixed the faults that were too expensive for you to fix.

Bingo. It was only worth £300 to the seller due to expensive repairs and it really makes no difference if the dealer bought it for £300 to fix or scrap. 

Assuming the dealer actually fixed up the problems and didn't just hide them, then it seems perfectly reasonable. 

Goudy

It could be sat close to the port they get imported at.
Kia have a massive distribution centre next to Immingham docks stuffed with cars.

Delivery from these places can take a week or so. Sometimes they'll PDi it there rather than the dealers.
When it's on it's way they can register it with DVLA.

I once bought a car out of the showroom.
It was a genuine limited edition, one of only 1000 or something like that.
A bit of a "showroom pony" to bring the punters in but I wanted it, so did a deal and picked it up within three or four days.