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Hey guys, just looking for any experiences or views you may have of selling a run of the mill car worth £10k privately.

I have the chance to buy a very nice Ford Kuga at a very nice price, only thing is, if I did buy it I wouldn't be holding on to it too long. Probably around six months. The only thing putting me off it is trying to sell it on. I have no experience of selling anything worth more than 2k and Im thinking trying to sell a 10k car privately could be hard enough. How many people have 10k cash to throw at a car? And those that do would probably have an extra grand or two to spend at a dealer with a warranty and stuff.

Should I or shouldn't I? :eek:
 

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Can I ask what sort of car it is? Is it the Kuga your talking about? I know you said a run of the Mill car. I think the problem with a run of the mill car is that if people are going to spend that sort of money on a run of the mill car they want warranty or reassurance. One thing about the Kuga is that it is a little bit bigger than a run of the mill car and a lot of people "need" a 4x4 car when they have a child for some reason so it may appeal to a few people.

I think if it was a more specialized/rarer car you wouldn't have as big of problem.

People do sell cars privately for around the 10k mark but maybe the car in question is worth a little more and they have had to come down.

Good luck with it though mate. I like the look of those Kugas, other half is considering one on her next PCP deal. She had a fiesta now which is ok but it's too slow for her.
 

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If your looking to money on running a vehicle a few months i think the cheaper the vehicle the more likely hood of actually making a bit despite running for 6 months.

If your wanting to make money then i would not even if i had the finances just looks more likely to loose money.

If your only going to run for 6 months then does not sound like its a vehicle you would actually wish to own yourself, if you dont love a car how can you get enthused over selling it.

I may be reading it all wrong with your intentions mind...:lol:
 

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My first response would be, it's coming up to Christmas, that doesn't mean that someone who wants one wont jump at the chance if its the right car for them, but in general dealers don't sell very many units during December. January also not best month with people getting paid either side of the Xmas break often making it a long drag to payday.
If some one wants the particular model you have then it could sell quickly, check the market near to you with auto trader and exchange & mart are there plenty of others near you. Are they in dealers etc, give some idea of the market maybe and the prices they're going for. Hope this helps.
 

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I recently sold my Mondeo for £7800 privately (offered 6500 trade) the process was a p in the a, luckily I had just one genuine interested party, that's all you need fortunately.
 

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Cars of all values are sold privately. My last one was paid by bankers draft for 12k. Sold and bought at similar prices using cash etc. if someone wants it and its a good price for the model, they will pay the money. A lot will get a loan or similar and then pay cash - there is still money to spend for some!
 

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Bought my most recent car for £22500 cash.....seller didnt want a draft or to give his bank details out, he was in England, I was in N Ireland, flights, ferries, cherished transfers etc but all worked out in the end......

For the right car, at the right money, as previously posted, all you need is a single genuine buyer...with E banking facilities nowadays should be straightforward enough I would have thought...especially if the car is outside manufacturers warranty...a private independant dealer would prob only offer a 3 month engine/gearbox warranty over and above a private sale...you could barter an independant years AA warranty into the price for the buyers peace of mind
 

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Back in 1998 I sold my 4 yr old MRs for £11k privately. I was worried about getting ripped off with either fake bank notes or fake bankers draft, despite not even having any suspicions towards the buyer.

In the end when the buyer had their bankers draft issued they rang me with its details, I phoned my bank and they confirmed that it was genuine. I also asked the buyer to bring their passport so I could note details. I also wrote down the reg number of the car they arrived in.

Call me suspicious
 

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I always pay cash / or bank transfer (depends on the amount / persons), always sold whatever i was sellin to the 1st buyer most times, again mosta the time cash or bank transfer.
I use Pistonheads, sold a vehicle not too long ago for 13k, never had any bother.
Ian
 

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Easiest way is to do a cash transfer and go directly to the bank with the buyer. When the money goes in the keys get handed over.

I'm not a massive fan of a bankers draft as I would have no idea what a fake one looked like. You can't validate them as if you ring the bank they can only talk to the account owner about it, no-one else. (Its such a stupid system)
 
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