Buying Private, is this buyer genuine?

  • Thread starter Thread starter LiE
  • Start date Start date
if you will kick yourself for letting it go at that price then go for it however i reckon given time he would crumble. like we have stated it will be trade value of £21K-£22K.

he must have picked it up for a very good price then. i do think however when you go to sell it on the number of owners will make it less sought after or as valuable or both as i don't think it tells them who owned it and for how long. so he is obviously trying to get as much as he can for it.

i would on the day still try for £26,500 you can always go up from that.
 
I'd walk away from this - he is not a dealer, no matter how he wants to swing it, the value of the car to you privately is somewhere between £21k and the price he paid from Audi

At £27k+ you are basically exposed to over 5 grand of potential risk should you need to get rid of it, whilst the guy selling it has taken less than a £1k hit.

It might be a relatively rare car, but it simply is not the case that because it is still under manufacturers warranty it has the same private sale value.

There not being many of the car around does not magically make it a rare and exotic beast so I'm not sure comparing it to the few that are for sale is of any great relevance in his situation. There just isn't a big enough sample set, those are also only asking prices.

Anyone pulling the "other buying waiting to come see it mate" line would also make me very tempted to let the "other buyer" turn up and make his own offer
 
I know if I pass this up, the car I do eventually buy will probably be from a dealer, but won't have the spec. I plan do keep this for 5-6 years do an extra previous owner in that time frame to me isn't a big deal.
 
I can see both sides of the coin, having been in the position of selling a similar car for similar money recently.

LiE is in a bit of a bind as he needs a car right now.

I presume the seller is correct in saying it’s only one of two or three for sale at this time, at under £30k.

The seller is doing VERY well only having to drop £750, but it would seem he’s got it for a bargain price. He’s possibly bought it just before it was due to be rotated out of stock, or at the end of a sales period. That’s to the sellers benefit, and the market price of the car is what it is.

LiE is losing the potential of only a couple of things IMO:

- the protection of the Consumer Rights Act
- finance facility that a dealership could offer.

I don’t believe he needs finance.

There are some valid points raised above about trade vs private sale vs retail price, but if he feels it’s worth £27250 and it is what he wants then I’d say he should go for it.

He can always try £26500 on the day and go up from that, as said!
 
Last edited:
texasjohn said:
He can always try £26500 on the day and go up from that, as said!
Click to expand...

No he can't (well he can but it won't go down well) as he emailed: "I'm happy with the price and not looking to make any offers,"

@LiE - How long have you been looking for this car? If it's the first one you have seen I'd be inclined to wait for the next.
 
Adam said:
No he can't (well he can but it won't go down well) as he emailed: "I'm happy with the price and not looking to make any offers,"

@LiE - How long have you been looking for this car? If it's the first one you have seen I'd be inclined to wait for the next.
Click to expand...

I think he’s already negotiated it down a bit since he emailed that!!
 
Adam said:
No he can't (well he can but it won't go down well) as he emailed: "I'm happy with the price and not looking to make any offers,"

@LiE - How long have you been looking for this car? If it's the first one you have seen I'd be inclined to wait for the next.
Click to expand...

I don't think it matters how long I've been looking, if I don't have time to sit around for months to wait for one to pop up. Looking at what is for sale right now, if I wait I can see 1 of 2 things happening.

1. Car appears and is out of budget.
2. Car doesn't appear and I spend the same on a less specced car from a dealer.

I don't see this car appearing for sale for anywhere near 28k from a dealer.

I think the seller got a very good price at 28k, based on what is for sale now it should have been more like 31k
 
LiE said:
Not sure what this does though? I wouldn't ever sell via WBAC.
Click to expand...
Gives you an idea of what he's likely to get offered if Mr Derby is fictional, he waits 2 weeks and becomes properly desperate to sell.

It's very well if everyone on here is telling you its only worth £21k to the trade but if WBAC would offer £25k, he's not going to go much on the £23k offers being suggested earlier :p

It does in effect give you a risk value too, knowing what you could unload it for and how much you'd stand to lose if you absolutely had to sell it at a moment's notice.
 
You're left with weighing up how real you think the other buyer is versus how much he really means he needs to sell and how long you can/want to let him sweat on it. At a 20k backstop figure, that's a lot of room for him to panic and become more willing to negotiate, assuming there isn't other interest in the car.
 
You must log in or register to reply here.
Back
Top Bottom