Selling my car. No patience

[dirtychinchilla]

Sorry buddy, I wasn't wrong you sold it for the new cost. Deny it all you want.

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That says £140? I sold it in line with the prices on eBay

 

[dirtychinchilla]

Autotraders valuation is hilariously out of whack at times. I don't know specifics about Q2's but I've had the following experiences with it:

BMW E46 330i - Autotrader quoted ~£1500, I sold for £3k.
Audi S3 - Autotrader quoted £17k, I sold for £20k.
BMW M4 Competiton - Autotrader quoted £37k, I sold for £45k.
Audi TT-RS - Autotrader quoted £33k, I sold for £39k.

Something leads me to say their valuation is heavily buyer oriented rather than seller.

Exactly what I thought. Thank you. It’s displaying trade in value.

 

[dirtychinchilla]

I still don't understand why you think it's worth more than the same car at an Audi main dealer though? If Audi are selling for £18600, how can a private sale example be anywhere near?

People can offer what they want. I’ll try and leave it for a week and see if anything happens

 

[dirtychinchilla]

This

I spent enough years as a salesman for Audi/Merc etc and just got sick of customers wanting to trade in their cars for the exact value of one thats on the forecourt.
The costs to prep a P/X for sale can be astronomical when the workshop has finished fleecing the sales department for new tyres, pads & discs, servicing etc.
Then theres the bodywork prep + the admin + the extended warrany + salesmen's commission etc etc and all the other many costs.
So many private sellers are away with the fairies when it comes to valuations to say the very least.
Most of them wake up and smell the coffee eventually though.

Presumably all of those things, which are unnecessary here, add cost. It has new tyres, new discs, new pads, servicing is completely up to date, bodywork is great. I have no warranty costs or markups to apply. The only thing I can’t offer is a warranty, but in reality it’s so new that nothing goes wrong with it.

Ok I probably won’t get what I want for it but I’m not going to start at the bottom

 

[dirtychinchilla]

For the record, mine is now the lowest priced in this area. If you're willing to drive a long way out to get a cheaper car, yeah it won't be quite right, but within 20 miles of here with the same spec there are only 8 available. The others at dealers are over £20k, I'm sitting under that.

I'll just have to wait and see. What I will do is consider slightly cheaper options on the car I want to buy. I'm thinking it's over budget now, so based on everyone's advice here I will be a little more realistic and will probably have to forget that car and put a little more cash in that I'd hoped to do.

 

[dirtychinchilla]

The only people restricting their car buying search to such a local area are surely people buying cheap bangers that aren't worth travelling for?

Most people splashing £20k on a car I would expect to happily travel 50 miles, often even more. Don't kid yourself and think you're only competing for buyers with people 5 minutes down the road.

Fair point. It's still the cheapest in 50 miles with the same spec. Only gets cheaper with a smaller engine.

 

[dirtychinchilla]

It's your car so you can hold out for whatever price you like, that's your prerogative.

You do need to watch out for your justifications though as they don't stack up against the way cars are valued. The condition, servicing, tyre condition... that doesn't increase it's value in the market, it simply increases the dealers margin if it does got through the trade. Also, 15 miles is pretty restrictive when considering your local market conditions. You need to double that and some to be confident it is good value to others in the vicinity. (Just saw your note about the 50 mile range. The 1.5 is definitely favourable over the 1.0 but I'd take the 1.4 over both any day of the week!)

TBH I'm surprised we are even talking in the realms of 18 to 20k for a standard crossover hatch that doesn't even have climate control but that probably just shows how out of touch I am with car pricing. Anyone who bought cash circa 2018/19 must have had some pretty depreciation free motoring. Problem is it's like houses, you never really see that gain (or in the case of cars, reduced loss) unless you sell and move into a cardboard box.

I say all this as someone who massively prefers to buy private so I really do want you to do well with the sale but expectations may mean that the potential BMW purchase simply isn't possible right now.

This is literally the worst feature of the car. The lack of climate control is criminal for a car that’s otherwise so good. But the Q2 was intended as a budget model.

 

[dirtychinchilla]

For anyone who cares, rear discs and pads were done. I was expecting them just to do the discs but apparently that’s not ok, so two sets of pads in the last 3 months! I’m quite annoyed about that.

Getting the car ready to sell has now cost me £400. Wonderful not that the brakes were a bad decision, I just maybe didn’t need to spend to much on getting it cleaned up

 

[dirtychinchilla]

All I’ve ever found with sunroofs is that they leak. Don’t know if that’s the same as panoramic glass

 

[dirtychinchilla]

I'd update the add with "FIRST TO SEE WILL BUY" and see how you get on TBH.


How far off is the WBAC/Motorway quote?

It’s about £14k

 

[dirtychinchilla]

Discs don't wear overnight so whoever went and fitted new pads onto discs that are worn without at least informing you needs their bum kicking. Its correct that you shouldn't put new discs with old pads as the pads will have shaped to the grooves in the old disc meaning that until they wear a fair bit more you aren't getting a good contact patch.

Frustrating experience. Lesson learn though. Thanks

 

[dirtychinchilla]

For those in the south there's a franchised Audi dealer in Portsmouth (so will be better than dodgy backstreet dealer warranty wise and subject to AUC scheme checks etc) selling a 2020 one for under £19k. It's done an extra 9k miles but that would be my first port of call from this neck of the woods, I guess it must be a fraction over 50 miles from your location. Nearer to you, another franchised Audi dealer in Basingrad has a 70 plate with 17k miles for under £21k. So 3 plates newer and 19k less miles plus being a main dealer, probably I'd choose paying the extra £1k for that. Drive it for a year and it will still be newer and less miles than yours is today.

There must be something up with that 70 plate for it to be so cheap. That’s completely out of line with the rest of them. Also, Basingrad

 

[dirtychinchilla]

Unfortunately to me new disks being needed on a car with such low mileage screams problems. Should be expecting 50k+ miles out of a set of OEM disks. This could be excessive wear due to it being used as a demo car.

I brake late I guess. I’ve kept up with all the serviceable items perfectly though

 

[dirtychinchilla]

With a bit of thought I could accept a lower price, but it means I need to rein in a bit on the new car. If I can get something around £20k then I should be comfortable. That’s much more realistic

 

[dirtychinchilla]

what's the likely bm car you want to replace it with ? and how much wiggle room is there on its price (X3 ? a bigger SUV)

320i Touring. Not sure on the price. I’ve widened my search a bit from main dealers to approved but at non-main (I think that’s right) and the pricing improved a bit

 

[dirtychinchilla]

Delete/close your existing Auto Trader listing and start again with a new advert asking £16.5K for the car.
A new advert stops the Chrome tracker showing all the fluctuations in price that are on your existing advert.

I will be doing this at least

 

[dirtychinchilla]

You're asking for thousands more than a main dealer with very basic information listed (no mileage, exactly what was done etc), no tyre model including if all four are matching and only stating good condition with wear as you would expect from normal use?!

People paying more than dealer prices don't want normal.

I had all that stuff in and someone else told me to take it out.

 

[dirtychinchilla]

Why would you do that when you need to justify why your price is high?

I was just taking someone’s advice. I had all the details in there that anyone could properly want - dates for every service item etc

 

[dirtychinchilla]

you read the start of the thread - original version was verbose, as was commented; plus the chatgpt contribution made it unnatural.

Yeah fair point. I thought all the detail might show someone how much I'd cared for the car.

The way this reads is almost as if you originally priced your car based on how much money you want to get so you can buy a specific new car. Like you put it at £21.5k expecting to get talked down to your £20k bottom line that you need for the BMW. That feels the wrong way round in the sense that I'd expect a car to be priced based on what it is worth on the market - and as per title if you are impatient then you need to be priced competitively rather than wait for the right buyer that is willing to pay a premium for a minter.

I suppose I did, but looking around I also thought it was the right sort of value and hadn't remotely understood the dealer vs. private sale side of things.

is p/x still a consideration, such that dealer might give you a more favourable trade in price , with overall transaction cost beating selling privately, and negotiating singly on the new car.
because the dealer can optmise the VAT on gains he ultimately owes the chancellor (dealer can offset his sale prep costs of your car against profits etc.)

The value they give you is so ridiculous. Say it's £14k...they'll put it up for £20k. I'm just not willing to be ripped off like that. I don't see why I should expect 30% less than they'll actually sell it for. I can accept that I won't be able to get the same price as selling at a dealer, but 30% is a a joke.

 

[dirtychinchilla]

Because you don't offer:
1. Credit card payment (cashback)
2. Finance (lets be honest, the audience for these cars will generally be finance buyers as there are much better value for money cars if you had £19k burning a hole in your pocket)
3. Peace of mind/recompence if there is an issue (chargeback, main dealer complaints procured, ombudsman)
4. Warranty for the first 12 months (usually, at least).

I'd 110% rather pay £19k main dealer than ~£17500 private (is probably the extent of my tolerance, but I imagine others in this market would be way more risk averse).

I get all that. Finance can be done through different ways to be fair. But 30%, really?! Like at least get somewhere close.

the complement to a lowish trade-in, is the value you also negotiate off of the new car - if the new car is 30K and (exclusively) as part of p/x they say it will cost 27K, then the p/x was effectively 17k.

If they're willing to negotiate. I've found myself stonewalled every time, though maybe I just don't have enough to offer to make it worth negotiating with them.

Guildford BMW have been utterly ****.