southman1 Posted August 23, 2017 Report Share Posted August 23, 2017 It's the same what ever you are selling. My late wife's modilaty folding ramps cost 500 pounds. But when we tried to sell them , started at. 220 Then. 180 they went for 120 , it's always the same when we wanted a pair coud not find any , Quote Link to comment Share on other sites More sharing options...
Lloyd90 Posted August 23, 2017 Report Share Posted August 23, 2017 My son wanted to upgrade from his first car, a ford focus. Having listened to the We Buy Any Car adverts on the radio countless times he thought he would see what they would give him. They offered him £450 which he immediately turned down flat, he was really annoyed. They work on the principle that they might just have you across a barrel, they must encounter a lot of people who don't have any choice but to take what they offer. That's business, they are not a charity They work on the principle that within an hour of deciding you want to sell your car they'll take it and hand you over the cash. When I wanted to advertise my car for sale I had to put it on several sites, and even pay to advertise on autotrader. I had to stay home several times whilst people came to see it, faffed about and made me silly offers thousands below what I was asking. In the end I sold to a dealer who I knew would fix up the minor issues with it and sell it for about £1500 more than he bought it for. I sold it for £500 less than I originally wanted, but I was happy not to hve to hang onto it for months and do the work it needed. At the end of the day the guy won't even be making that much off it most likely, a few hundred if he's lucky. Quote Link to comment Share on other sites More sharing options...
Cosd Posted August 24, 2017 Report Share Posted August 24, 2017 Why didn't you help your mother in law sell it privately! Effort spent doing that rather than this would have got her more than the 900 she wanted. Quote Link to comment Share on other sites More sharing options...
wabbitbosher Posted August 24, 2017 Report Share Posted August 24, 2017 100 % markup is normal in high street shops , you have to take into account that business rates for a small high street shop is in excess of £30,000 per year , and that's a shop with a 20 ft frontage in Kettering! I don't think he ripped her off , under the new trading standards law he has to cover the car for 30 days as well Quote Link to comment Share on other sites More sharing options...
TIGHTCHOKE Posted August 24, 2017 Report Share Posted August 24, 2017 Why didn't you help your mother in law sell it privately! Effort spent doing that rather than this would have got her more than the 900 she wanted. That's the answer to this whole thread! Quote Link to comment Share on other sites More sharing options...
wabbitbosher Posted August 24, 2017 Report Share Posted August 24, 2017 The thing with a private sale of a vehicle is the likelihood of comeback! If you're prepared to take it back after 28 days for a full refund because your buyer has decided it's not fit for purpose ( trust me it happens a lot ) then by all means sell it private Your dealer is equipped to deal with this on an almost daily basis Let him have the Agrow and heart ache imho Quote Link to comment Share on other sites More sharing options...
Guest cookoff013 Posted August 24, 2017 Report Share Posted August 24, 2017 I read a thread years ago, I forgot what forum. A guy sells his car to a dealer as part exchange for another vehicle. The vehicle he purchased had faults that were being fixed later.he looked at his original car and it gained a few pounds on the price and amazingly lost quite a few miles. The Lord moves in mysterious ways. Quote Link to comment Share on other sites More sharing options...
Cosd Posted August 24, 2017 Report Share Posted August 24, 2017 The thing with a private sale of a vehicle is the likelihood of comeback! If you're prepared to take it back after 28 days for a full refund because your buyer has decided it's not fit for purpose ( trust me it happens a lot ) then by all means sell it private Your dealer is equipped to deal with this on an almost daily basis Let him have the Agrow and heart ache imho SOLD as seen from a private seller means exactly that, it's a different law when a trade dealer is selling a car. Quote Link to comment Share on other sites More sharing options...
spandit Posted August 25, 2017 Author Report Share Posted August 25, 2017 My mother in law couldn't get it off her mind and she contacted the dealer who is giving her more money and will give her what ever it fetches over £1,500! Perhaps there's a soul in there somewhere? Quote Link to comment Share on other sites More sharing options...
itchy trigger Posted August 26, 2017 Report Share Posted August 26, 2017 had a 66 plate Shogun SWB Warrior, with £3k of extra's, under 8500 miles,went to land rover dealership to get a price against a new £78k Range Rover, offered me £19k in part ex, Toyota matched the part ex offered by the Dealership I bought it from, £22k, sold it via autotrader, £26k Quote Link to comment Share on other sites More sharing options...
neil w Posted August 26, 2017 Report Share Posted August 26, 2017 She wanted 9. And sold to a dealer for 8. Well didn't she do well !!. Said Bruce Forsyth. "Honestly ". Quibble over a hundred pounds from a dealer. If It was me, I would try and buy It for 6. " being honest ". Ha !!!. God rest your sole uncle Bruce. Quote Link to comment Share on other sites More sharing options...
dodeer Posted August 26, 2017 Report Share Posted August 26, 2017 Her choice to sell and accept the £800. Dealer doesn't work for nothing and you shouldn't expect him to. Quote Link to comment Share on other sites More sharing options...
mossy835 Posted August 27, 2017 Report Share Posted August 27, 2017 if we could all buy some thing for £1,and sell it for £300 would a lot not do that,i would Quote Link to comment Share on other sites More sharing options...
eddoakley Posted August 27, 2017 Report Share Posted August 27, 2017 As plenty have said the dealer has running costs. I'm sure he's not buying and selling for the love of it! If you were asking 900 and got 800 I really don't think there's anything to worry about. I know gun dealers who, when they see certain customers come into their shop they run out and pull price tags off guns. That's because they bought guns from them telling them "it's only worth.... £" and then advertise at 3 or 4 times that figure. If I buy a gun I'm always honest with the seller about how much I will ask for it. I'm there to make a profit. I think your motorbike dealer has been fair (especially since agreeing to pay more if it sells for over 1500) He paid 800. Took his time to view and do he deal. Collected it. Do doubt serviced and cleaned it. Advertised it. Will spend time dealing with potential buyers. Will accept less than the asking price. Will have to give a warranty with it. And then, after he covers all of the costs of employees, workshop, showroom and other running costs (insurances, utilities, trade memberships and much more) he will pay tax on what's left. This is his wage and the profit that he makes for parting with the cash in the first place and taking the risk. So let's say he gets his full asking price of £1800? He's spent £200 on servicing etc, it's been in the showroom a month so needs to contribute to those costs, let's say £100, he has paid to advertise, just a few £ more. If it's all very straightforward he will make say £700 before incidentals and tax. So let's say 500 all told. Would you outlay £1000 plus, spend what could easily equate to 2 days of your time, potentially wait months for any return and still have the potential that the warrantee would be used and it all be lost, to make £500? Perhaps that puts things into perspective? Quote Link to comment Share on other sites More sharing options...
das Posted August 27, 2017 Report Share Posted August 27, 2017 Probably has to pay VAT on the profit if he is registered. Quote Link to comment Share on other sites More sharing options...
lancer425 Posted August 27, 2017 Report Share Posted August 27, 2017 Unless i missed it some where no idea what motorcycle is in question here. It is impossible even for those knowledgeable to draw any accurate conclusion for you without this information. What the dealer gave and what he is selling it for tell only part of the story, as pointed out what did he have to do to it knowing year and model would put things far more in perspective but i will say my instinct based on what you have said so far i think you did ok. What motorcycle. ? Quote Link to comment Share on other sites More sharing options...
spandit Posted August 28, 2017 Author Report Share Posted August 28, 2017 It was a Honda. Doesn't matter really, was just venting on my mother-in-law's behalf. Thank you all for your input! Quote Link to comment Share on other sites More sharing options...
Dellbert Posted August 28, 2017 Report Share Posted August 28, 2017 My mother in law couldn't get it off her mind and she contacted the dealer who is giving her more money and will give her what ever it fetches over £1,500! Perhaps there's a soul in there somewhere? Obviously she will only take £100 as that makes the £900 she wanted ? Quote Link to comment Share on other sites More sharing options...
keg Posted August 28, 2017 Report Share Posted August 28, 2017 100 % markup is normal in high street shops , you have to take into account that business rates for a small high street shop is in excess of £30,000 per year , and that's a shop with a 20 ft frontage in Kettering! I don't think he ripped her off , under the new trading standards law he has to cover the car for 30 days as well On what products? Are we talking markup or margin. Quote Link to comment Share on other sites More sharing options...
spandit Posted August 28, 2017 Author Report Share Posted August 28, 2017 Obviously she will only take £100 as that makes the £900 she wanted ? In fairness he hadn't been aware of the FSH which is why he upped the price. I doubt he'll get more than £1,500 for it anyway Quote Link to comment Share on other sites More sharing options...
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