Car for sale (late Nov)

bikuki · 18th October 2009, 12:02pm

My car's hire-purchase agreement runs out in late November, and was looking into the possibility of selling it rather than giving it back. I owned it from new.

It's a Seat Ibiza 2006
Black
1.2L Petrol
Manual transmission
Milage is something like 36000 (I'd have to check exactly)
3 Door Hatchback
CD player can play mp3 files and it has steering-wheel controllers for the radio/CD player

It's a brilliant wee car and I'll miss it loads. I'd keep it if I actually needed a car just now (boyfriend has one that I'm on the insurance for and we both work within walking distance).

Not sure about the exact price just now but I'll probably be looking at between £4000-£5000

Nothing definite just now but I was just seeing if there was any interest - PM me if you are.

0x21 · 18th October 2009, 4:21pm

I can't help but think that buying it from the HP company and selling it would be a lot of extra hassle, unless they are going to give you it for buttons.

Jaemi · 18th October 2009, 4:24pm

Im confused.
If there is an outstanding balance with the HP company, I don't think you can sell the car until this is sorted. Legally, you don't own the car.

bikuki · 18th October 2009, 6:29pm

I know. I buy it fully from them in November. It's probably not going to be any more hassle.

Rio Ohki · 18th October 2009, 6:31pm

Good wee cars too, seeing as that's what I'm driving these days.

**djtoast** · 18th October 2009, 7:49pm

^ is there not an agreed final value - you can give it back or stump up that amount usually, no?

Jaemi · 18th October 2009, 7:50pm

Aye, that's usually the way it works.

bikuki · 18th October 2009, 7:51pm

Aye, but the final value is less than the value of the car so it'll be beneficial to me to buy it fully then sell it on.

Jaemi · 18th October 2009, 7:56pm

Well that's a turn up for the books.

**djtoast** · 18th October 2009, 7:58pm

second hand car prices have taken a beating recently haven't they? (ie since the final value would have been worked out by the leasing company) - is it definitely worth more? i'd be certain of a buyer before going down that route.

bikuki · 18th October 2009, 8:00pm

I don't understand the problem. The final payment is less than the value of the car cos I've been paying a set amount per month for 3 years. So someone gets a fab wee car for exactly the same as any of the others on Auto Trader, and I get rid of a car I don't need.

I didn't come here for an arguement.

Jaemi · 18th October 2009, 8:01pm

I don't see anyone arguing with you.

Christ.
Para much

bikuki · 18th October 2009, 8:03pm

Quote:

Originally Posted by djtoast

second hand car prices have taken a beating recently haven't they? (ie since the final value would have been worked out by the leasing company) - is it definitely worth more? i'd be certain of a buyer before going down that route.

Which is why I was checking out interest a month before I have to decide. I've based my price on equivalent cars on Auto Trader website.

0x21 · 18th October 2009, 8:18pm

Quote:

Originally Posted by djtoast

second hand car prices have taken a beating recently haven't they? (ie since the final value would have been worked out by the leasing company) - is it definitely worth more? i'd be certain of a buyer before going down that route.

Prices for used cars have gone up lately by a reasonable bit because there is more demand for slightly older cars and less supply as people are hanging onto them.

I didn't think the final cash price would be much below the current market value, but I guess if it wasn't noone would buy them.

**djtoast** · 18th October 2009, 8:18pm

cool. not being argumentative at all! obviously i've no idea of the numbers in question... just suggesting a little extra caution at the moment in that respect since things have gotten pretty volatile what with the credit crunch / the scrappage scheme etc etc.

a lot of the cars i've looked at over the last six months (on ebay and auto trader) seem to be a bit over-valued by people selling them - if you see ones of a similar age/mileage/condition to yours advertised at a certain price bear in mind it make take the owners quite a while to find someone who'll pay what they want (and on ebay VERY many of the cars i've followed don't meet the reserve if there is one).

Quote:

Prices for used cars have gone up lately by a reasonable bit because there is more demand for slightly older cars and less supply as people are hanging onto them.

hah, interesting - it's been the opposite with the cars i've been looking at, i suppose because the kinda things that interest me are very often not people's main car - and the market for second cars bought on a whim may not be as strong as it was a couple of years back!