Selling a car privately

[cejsmith]

I'm currently trying to sell my V90 CC B6 , it's by far the cheapest on the market ( not difficult as there are only 2) , but the only interest is from dealers.
Am I trying to flog a dead horse to sell a reasonable high value car privately ????

[Tannaton]

Interesting question.... I think there are so many scams around at the moment, people will go to dealers as they think it's more safe. Also, I think most cars in that price range are likely leased or on a PCP now (even if people do have the funds) so that disadvantages private sellers. I suspect at that price point buyers would want more than the ~2 months warranty balance that there is, plus some people have some unfounded ideas about hybrids.

Have you had any dealer offers that are close? What does WBAC say?

[Moose Test]

It's likely worth a try but at the price point we're talking in this case, it's only natural that the addressable market will be much smaller than for a e.g. 2-3k 2005 XC90

Most private buyers will be aware that a private sale doesn't attract the same set of protections and rights in law that a business transaction would, even if many don't fully understand exactly what they and their limitations. 30+k is quite a level of risk for many to stand.

In your case again, being an EV, I think that level of *perceived* risk is even greater. Honestly, I too would only consider that level of spend on such a vehicle at this time if it came with Volvo Selekt.

[cejsmith]

Originally Posted by Moose Test

It's likely worth a try but at the price point we're talking in this case, it's only natural that the addressable market will be much smaller than for a e.g. 2-3k 2005 XC90

Most private buyers will be aware that a private sale doesn't attract the same set of protections and rights in law that a business transaction would, even if many don't fully understand exactly what they and their limitations. 30+k is quite a level of risk for many to stand.

In your case again, being an EV, I think that level of *perceived* risk is even greater. Honestly, I too would only consider that level of spend on such a vehicle at this time if it came with Volvo Selekt.

I understand what your saying , but my car still has the balance of the volvo warranty which is better than the 3 months most dealers would give. As for being a EV its not, at best it's a very mild hybrid!!!

30k it would appear is not a lot of a car these days , so I'm surprised that the more mature volvo type buying person would be able to raise finance without needing a dealer

[cejsmith]

Originally Posted by Tannaton

Interesting question.... I think there are so many scams around at the moment, people will go to dealers as they think it's more safe. Also, I think most cars in that price range are likely leased or on a PCP now (even if people do have the funds) so that disadvantages private sellers. I suspect at that price point buyers would want more than the ~2 months warranty balance that there is, plus some people have some unfounded ideas about hybrids.

Have you had any dealer offers that are close? What does WBAC say?

Yes , I've had a offer of 30600 from Cazoo , so I may well take that ( I paid 39000 just over a year ago) , it's a shame that some one will buy her form a dealer and have to pay thousands more!!!

[Tannaton]

I think the other issue which will come into play could be that as it has got more difficult to sell higher value cars privately, someone who might want that may have a 4-5 year old V90 or similar to dispose of which might be worth £15k-£20k, and for the same reasons be more difficult/lengthy to sell privately.

Hence as well as the dealer protections, they would be looking for finance and part-exchange options.

[Tannaton]

Originally Posted by cejsmith

Yes , I've had a offer of 30600 from Cazoo , so I may well take that ( I paid 39000 just over a year ago) , it's a shame that some one will buy her form a dealer and have to pay thousands more!!!

Ouch.... you've just reminded me of why I continue to drive around in 10+ year old cars. Albeit about 4 of them...

The other issue is the used car market is declining at the moment, I'm not sure why, but you might regret not accepting that offer in 3 months time.

[Kev0607]

Originally Posted by cejsmith

I'm currently trying to sell my V90 CC B6 , it's by far the cheapest on the market ( not difficult as there are only 2) , but the only interest is from dealers.
Am I trying to flog a dead horse to sell a reasonable high value car privately ????

Selling a car at such high value would be difficult on the private market. By no means is it impossible, but all the same, people are likely to go to a dealer because they may get more of a warranty, or are offered buying options like HP finance or PCP. You can't offer that as a private seller... you're basically selling it sold as seen because you want rid of it. You can't offer finance or extra warranty... its just the way it is. Yes the buyer could arrange their own finance, but realistically, most don't want the hassle. They just go to the dealer, sit down with a nice coffee and a few biscuits and let them do the work.

Personally, I wouldn't buy a car of that value private either. Not that there's anything wrong with it, nor am I implying there is. Realistically, not many people have 30k lying around to buy outright anyway. Even if they did, people still finance... why use your money when you can use someone else's scenario.

May I ask why are you getting rid of it? I assume you're trying to sell it private to get the most you can for it?

[cejsmith]

Originally Posted by Kev0607

Selling a car at such high value would be difficult on the private market. By no means is it impossible, but all the same, people are likely to go to a dealer because they may get more of a warranty, or are offered buying options like HP finance or PCP. You can't offer that as a private seller... you're basically selling it sold as seen because you want rid of it. You can't offer finance or extra warranty... its just the way it is. Yes the buyer could arrange their own finance, but realistically, most don't want the hassle. They just go to the dealer, sit down with a nice coffee and a few biscuits and let them do the work.

Personally, I wouldn't buy a car of that value private either. Not that there's anything wrong with it, nor am I implying there is. Realistically, not many people have 30k lying around to buy outright anyway. Even if they did, people still finance... why use your money when you can use someone else's scenario.

May I ask why are you getting rid of it? I assume you're trying to sell it private to get the most you can for it?

I'm selling her as my wife has a VW california on order that will be coming next month and we dont need two big cars , as for selling privately , it would be silly of me to say I didn't want the most money I could get , but also I would prefer if someone got a good deal. I have brought privately before for more than this but I suppose I can understand why people might not.

[Kev0607]

Originally Posted by cejsmith

I'm selling her as my wife has a VW california on order that will be coming next month and we dont need two big cars , as for selling privately , it would be silly of me to say I didn't want the most money I could get , but also I would prefer if someone got a good deal. I have brought privately before for more than this but I suppose I can understand why people might not.

I understand. Why wouldn't you want to get the most you could for it!?

Set yourself a time limit to advertise. All you need is one genuine buyer I guess, but by setting a time, at least you can say you tried and didn't give up too soon.

I don't know where you're listing it for sale at the moment, but maybe try some other sites (if you haven't already).