Pondrew said:F6C said:Private sellers asking trade prices makes no sense at all.
It's been happening for a couple of years, get used to it. I don't agree with it either, but the market is very, very strange these days.
I must say that the seller here has been very patient with some of the responses. Many would have said "sod you, I will advertise it elsewhere" by now. As for the condition, no-one will know for sure unless they go to look at it in person.
Nictrix said:I suppose private sales can be equal or higher than trade cars if they are better cars.
Trade does not always have the best cars, condition or spec.
Pondrew said:F6C said:Private sellers asking trade prices makes no sense at all.
It's been happening for a couple of years, get used to it.
F6C said:Actually, it's always been the case that some private sellers think they can get trade prices or don't understand why trade cars rightly are priced higher (ie statutory consumer protections that do not apply to private sales). This is nothing new.
Fred Smith said:I am not sure that I am willing to pay any (or much?) more for a trade car than a private sale one -
(1) Consumer protections are far from perfect
(2) Dealing with an insurance-backed warranty is likely to be a nightmare
(3) A dealer-backed warranty is only as solid as the dealer, and you'd be mad to trust a second hand car dealer
(4) A private seller is probably less likely to have used every trick in the book to make the car look as good as possible and hide faults
(5) The real risk of a second hand car is some massive issue rears it's head... and that can happen to any second hand car, and it's more likely to happen after the warranty has run out than before.
Obviously a pro valet and a warranty have value... but IMHO nowhere near as much value as trade asking prices would have you believe.
I think part of the problem with asking prices is that many trade dealers are clearly happy to have cars in stock for 3-4 months or more, and many private sellers don;t actually want to sell, they want to get a certain amount of money for their car, or they want to get the wife off their back by having their car listed for sale... either way they're going to be quite happy to have it on at 30% above market value in preference to pricing it to sell.
Another thing about dealers... surely by now most Z4s are being bought by "enthusiastic amateurs with a bit of knowledge" (at minimum) and often by professional mechanics or very skiled amatuers (at least two of whom on this forum have been very good to me, one in person and one on the phone - thx Zedebee and Enuff)... the sorts of people more happy to "take a chance" on a private sale car.
F6C said:Fred Smith said:I am not sure that I am willing to pay any (or much?) more for a trade car than a private sale one -
(1) Consumer protections are far from perfect
(2) Dealing with an insurance-backed warranty is likely to be a nightmare
(3) A dealer-backed warranty is only as solid as the dealer, and you'd be mad to trust a second hand car dealer
(4) A private seller is probably less likely to have used every trick in the book to make the car look as good as possible and hide faults
(5) The real risk of a second hand car is some massive issue rears it's head... and that can happen to any second hand car, and it's more likely to happen after the warranty has run out than before.
Obviously a pro valet and a warranty have value... but IMHO nowhere near as much value as trade asking prices would have you believe.
I think part of the problem with asking prices is that many trade dealers are clearly happy to have cars in stock for 3-4 months or more, and many private sellers don;t actually want to sell, they want to get a certain amount of money for their car, or they want to get the wife off their back by having their car listed for sale... either way they're going to be quite happy to have it on at 30% above market value in preference to pricing it to sell.
Another thing about dealers... surely by now most Z4s are being bought by "enthusiastic amateurs with a bit of knowledge" (at minimum) and often by professional mechanics or very skiled amatuers (at least two of whom on this forum have been very good to me, one in person and one on the phone - thx Zedebee and Enuff)... the sorts of people more happy to "take a chance" on a private sale car.
1. Indeed. But they are better than no protection at all.
2. Irrelevant, that's got nothing to do with your statutory rights. Any 'warranty' is a separate issue to consumer protections. I agree, many warranties are pretty worthless, but that isn't the point.
3. As above.
4. You just made that up. On average, there is no reason to think honesty levels differ. There are honest and dishonest examples of both. The difference with a private sale is that if they successfully cover something up that you do not notice until later, the burden is on the buyer to prove the seller intentionally covered the problem up, which ranges from difficult to impossible most of the time. With a trade sale, you just have to show the car was sold with the fault. Even if the dealer honestly didn't know about the fault, they are liable.
5. There are lots of risks. One very real risk is that you discover soon after purchase that it's got a major issue. Maybe you find after a few days that it's using huge amounts of oil. With a trade sale, you have statutorily defined recourse. I agree, with some dealers asserting your rights can be very hard. But not with decent dealers, which do exist. It's typically possible to research a dealer. Much harder to research a private seller in that regard.
Long story short, if you buy a car from a dealer and in short order discover it's got a major fault, you have reasonable odds of compensation. Choose your dealer carefully, and the odds increase from reasonable to very likely. With a private car, you have almost no chance at all.
Unitedleeds1919 said:Think some people have let themselves down on here, this guy is selling his car it’s a for sale advert if anyone has any issues with any of the advert why not send a private message to the seller? Because some people have not much going on in their lives …you really should be ashamed, to the seller I would remove the advert it’s damaged on here and it will pick up on an internet search, it’s a nice looking car good luck selling it and all the best with the health issues![]()
Unitedleeds1919 said:Think some people have let themselves down on here, this guy is selling his car it’s a for sale advert if anyone has any issues with any of the advert why not send a private message to the seller? Because some people have not much going on in their lives …you really should be ashamed, to the seller I would remove the advert it’s damaged on here and it will pick up on an internet search, it’s a nice looking car good luck selling it and all the best with the health issues![]()
zedwheels said:The brake fluid has also been changed very recently too, it was done by the same mechanic mate who drove me to see this car initially so no labour charge or receipt, Forgot to mention that![]()
In response to the above post by Fred as to why I hadn't put up more details when I started this post, if you read it through I think I said it's a reluctant sale and the reason behind it is Ill health, not mine but the wife's so other more important issues was going on and the details had to wait. Anyway, I'm in no rush to sell while it's still with me I can carry on polishing it.![]()