Selling car to family

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The way you told it to your brother 100% sounds like you fleeced your neice out of £400 when she was strapped for cash. The fact she is doing OK for money now is utterly irrelevant. If you value having a decent realtionship with your family, you should offer the money back and tell them that while the dealer offered you £600, WBAC were offering £1300. That way you look like you took a £300 hit to do your neice a favour and were not trying to fleece her.

I have loaned £500 to a sibling and never expected to get it back. They made an effort for a few months at £50 per month but just stopped paying and I never brought it up again. I am not about to cause a family rift for an amount I have frivolously wasted on pointless items in the past.
 
It’s ok my brother said both my niece and his ex-wife are happy with their little car. He said there’s something wrong with it which will cost £ 200 to fix but it’s not dangerous so they haven’t bothered to get it fixed.

So after three years they’re not bothered about the money anymore.
 
nlel1975 said:
So after three years they’re not bothered about the money anymore.
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Oh, so this is just you attempting to seek validation because you have a guilty conscience then?

Forget about it, it's in the past. Learn from it and don't sweat it any more.

The fact that it's still bothering you three years later has redeemed you a bit imo, that shows you're not an evil niece murdering man :p
 
Most p/x prices are higher because they absorb it in the new car price so you’re not really getting such a great deal as you think you are. The p/x price I was offered by the main dealer was straight up, no ******** and was the max they were prepared to pay and would have genuinely been deducted from the new car price.

What they would have done with the car is anyones guess, they could service it, clean it, get it ready for sale and offer some kind of warranty. Probably retailing it at around £ 2500.

Or they could have sold it to another dealer in the trade for them to sell on. I don’t think it would have been scraped let’s put it that way.
 
ICDP said:
The way you told it to your brother 100% sounds like you fleeced your neice out of £400 when she was strapped for cash. The fact she is doing OK for money now is utterly irrelevant. If you value having a decent realtionship with your family, you should offer the money back and tell them that while the dealer offered you £600, WBAC were offering £1300. That way you look like you took a £300 hit to do your neice a favour and were not trying to fleece her.

I have loaned £500 to a sibling and never expected to get it back. They made an effort for a few months at £50 per month but just stopped paying and I never brought it up again. I am not about to cause a family rift for an amount I have frivolously wasted on pointless items in the past.
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Ah yes revert to a lie. Like it
 
The reason why I don’t feel that guilty is because I know they could sell it privately today for what they paid ie £ 1000.

Ok so they’ve got to go to the hassle of advertising it, meeting prospective buyers and dealing with all that stress but if I’d have sold it for £ 600 they’d be making a profit of £ 400 out of me which is just as bad.

Is that fair on me?
 
dLockers said:
Ah yes revert to a lie. Like it
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:)

The reason I see this as OK, would be to remind myself that WBAC would have offered around that price if you had bothered asking. So technically accurate at some level and thus not completely untrue.

A family tiff is averted, everyone feels happier and I have a clear concience because it was for the right reasons.
 
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nlel1975 said:
The reason why I don’t feel that guilty is because I know they could sell it privately today for what they paid ie £ 1000.

Ok so they’ve got to go to the hassle of advertising it, meeting prospective buyers and dealing with all that stress but if I’d have sold it for £ 600 they’d be making a profit of £ 400 out of me which is just as bad.

Is that fair on me?
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As long as it is used as a learning experience.
 
nlel1975 said:
The reason why I don’t feel that guilty is because I know they could sell it privately today for what they paid ie £ 1000.

Ok so they’ve got to go to the hassle of advertising it, meeting prospective buyers and dealing with all that stress but if I’d have sold it for £ 600 they’d be making a profit of £ 400 out of me which is just as bad.

Is that fair on me?
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Then you should have sold it simply on the condition if they sell it for more, that they pay you half the difference or something.

Don't know how old your niece is, but sounds like it is a car that she wants to use.

Why didn't you just keep the car and lend it it to her if you thought it had so much value. Then when she upgrades you can make the hypothetical £££.
 
muon said:
Why didn't you just keep the car and lend it it to her if you thought it had so much value. Then when she upgrades you can make the hypothetical £££.
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I’m only allowed one parking space in the car park of the rented flat I live in so wouldn’t be able to keep two cars.
 
Next time just set the price you're happy with, and get them to pay in full upfront, don't let them pay in installments, because that is giving them credit. If they don't like the price, they can go elsewhere. You were being more than reasonable, I wouldn't bother doing that again.
 
At the end of the day they’re happy with it, it was in their best interests to pay as little as possible and it was in my best interest to get a fair price.

I didn’t ask for the £ 2000 I really wanted because firstly I didn’t need the money at the time and secondly I knew they wouldn’t be able to afford it.

This was three years ago and they paid £ 1000 the car hasn’t depreciated at all in those three years based on that buying price.
 
Brother needs to understand that a £600 offer isn't what the car is worth.
I mean if you put it on Gumtree and some geezer messages you and says "I'll pay £50 if you deliver it" that doesn't mean it's worth £50.

As someone else mentioned the key error here was telling him what the best offer you'd had was. Really no need for it and risked creating some sort of [misplaced] resentment.

What makes me curious is why more than 3 years after the fact this thread is cropping up, has something come up in relation to this more recently?
 
HangTime said:
What makes me curious is why more than 3 years after the fact this thread is cropping up, has something come up in relation to this more recently?
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I only recently told him about the p/x offer that’s why this has cropped up. Didn’t tell him three years ago. I’ve sent him online valuations and eBay sold prices but he just says Jersey prices are cheaper than UK.
 
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