new car e39
- Thread starter DannyW
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Soldato
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There'll probably be some clause where you don't have to say unless you've been asked specifically.
Hope not. DannyW sounds dodgy as ****
Soldato
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How much do you take into account to get that profit? Fuel? Tax? Insurance? All the expenditures?
I'm sorry, but this is total nonsense. Sometimes people under value their cars, likewise some people want a quick and easy sale or desperately need the money
I got my GTi for neigh on half the asking price because they seller was desperate. She needed money urgently for a deposit on her first house and thus the sale of the car. I rocked up with Cash, low-balled her and bought it. It is worth more in parts than what I paid for it, but even with it's short comings it certainly isn't a scrapper. In fact I have full confidence that I could serve it up on some classifies for a 'considerable' profit if I wished.
And what about auctions? One example was when I was selling my first e30 on ebay. It got £250 but the buyer didn't collect. I put it back on and it made £600. Are you telling me that the value of e30 316i Tourings shot up more than 2 fold in the space of a week?
At this end of the market under valued cars are common - Owners have already taken the brunt of deprecation and want rid of their car as quickly and easily as possible.
Stop being so suspicious of bargains people!
Missing the point yet again Joshy.
The car was advertised for £1400 - if the car was worth significantly more than that then it would have sold for at least the asking price. If it's worth the asking price, then he's not going to make a profit.
As I tried to explain - value is really only what someone is willing to pay, whether it's a house, a car or anything else. In this case, someone was only willing to pay 1200 quid. Sure, someone may be willing to pay 1400 in a month's time, but I can't imagine it's going to equate to any sort of profit.
The car was advertised for £1400 - if the car was worth significantly more than that then it would have sold for at least the asking price. If it's worth the asking price, then he's not going to make a profit.
As I tried to explain - value is really only what someone is willing to pay, whether it's a house, a car or anything else. In this case, someone was only willing to pay 1200 quid. Sure, someone may be willing to pay 1400 in a month's time, but I can't imagine it's going to equate to any sort of profit.
lol you've only owned the car 5 minutes and your already being dishonest forging service history.
There'll probably be some clause where you don't have to say unless you've been asked specifically.
No, the sale of goods act still applies to second hand goods. When you're buying from a private seller you will have fewer rights as opposed to buying from a dealer/trader, but if it's not as described (describing a car as 'not using a drop of oil' where in fact it burns it and smokes like a bugger should apply!) or not roadworthy, you're still entitled to compensation. Not saying it would be easy, however. This is all in theory.
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Soldato
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http://www.hmrc.gov.uk/MANUALS/BIMMANUAL/bim20200.htm
Would have to be assessed based upon the above.
I hope you've actually got a trade poilcy rather than lying to them about the registered keeper, but I doubt it.
There is a difference between keeping quiet about a known fault when trading a car in or selling it privately and blatantly lying about the condition of the car.
All are morally questionable but the latter is downright illegal.
Associate
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This has put me off BMWs for some reason... maybe an Audi is the way to go.
A cheapo Audi is as bad.