How To Sell A Car Privately (Part 1 - Sorting The Car, The Price & The Advert!)

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Electric Vehicle Man

Electric Vehicle Man

Күн бұрын

Пікірлер: 195
@leesmith9299
@leesmith9299 9 ай бұрын
a follow up about how to take the payment securely and how to avoid scams would be useful. that's the bit that is most worrisome for people i think.
@Stratognome
@Stratognome 9 ай бұрын
This is the main barrier for me to sell a car privately.
@rfitzpatrick32
@rfitzpatrick32 9 ай бұрын
Yes I thought this would be one of the main points to cover
@mranthonybarker
@mranthonybarker 9 ай бұрын
Yes I would have thought the payment side and paper transfer of the car would have been covered in this video. Otherwise a great insight into selling mine this year. Having lost loads over the years on part ex and am willing to sell private this time.
@Joe-lb8qn
@Joe-lb8qn 9 ай бұрын
Seeing this comment and realising that this isnt covered makes me surprised because thats the main issue as far as i am concerned.
@blewits9474
@blewits9474 9 ай бұрын
Agreed!
@no-oneman.4140
@no-oneman.4140 9 ай бұрын
This is one of the most interesting videos Andy has put up. I've got my Model Y up for sale privately at the moment. From past experience callers expect to haggle and feel they're getting a better deal hence why I always allow some wriggle room. Many others have commented on Andy covering the actual transaction which I hope he does. We're all aware of the scammers out there. I've always made it clear to any buyer that the car will not be released till I see the money in my bank account. DO NOT let the buyer show you from their phone that the money has gone from their account even though it's not in yours. Andy please comment, us technophobes will take notice of you and your IT knowledge. Of course as a buyer you also need to know the pit falls. Great topic.
@kevinmills5293
@kevinmills5293 9 ай бұрын
When ever I tried to sell a car privately, all the dross, time wasters, and boy racers would turn up.
@marria01
@marria01 9 ай бұрын
Put me off for life when I tried to sell privately.
@michals1108
@michals1108 9 ай бұрын
Exactly the reason I stopped selling privately
@Beyondact
@Beyondact 9 ай бұрын
Private sales mainly work with things that don't have or ever need loans. People going to the bank to get a cash loan for a car they are looking for or cash buyers are getting rarer and rarer. Also the warranty on cars private/dealer and its just a lemon, it can really end up costing you. So buying at a dealer, unless you are just going to bid so super low that no matter how shit it is its still a good deal, its the best choice for many.
@ericpisch2732
@ericpisch2732 9 ай бұрын
selling privately can be an absolute ball ache, the constant stream of chancers making ridiculously low offers, the army of scammers out to rob you, the tire kickers and time wasters, most people can't even read adverts properly and ask questions that are answered in the advert... not having to deal with those idiots and not having to worry about theft and fraud and having a fast and easy transaction is well worth 1500 quid to me. although the higher value of the car the less percentage the handling of sales fees work out to be.
@bordersw1239
@bordersw1239 9 ай бұрын
Never ceases to amaze me that private sales sometimes price it as if it was a dealer.
@chrishart8548
@chrishart8548 9 ай бұрын
E bay auction really is the way to go I've sold a few bikes and a car I've always been really happy with the price I've got. You literally won't get any more money than the highest bidder is willing to pay.
@davidsworld5837
@davidsworld5837 9 ай бұрын
But then some private sales are Dealers not showing there company name. Like taking it to a employee house or to meet you some were to look at it.
@stuartjohnston1086
@stuartjohnston1086 9 ай бұрын
Option 4, sell it to a local independent car dealer. They will either buy it directly, ( you get paid straight away ) or sell it for you. ( you get paid when it sells ). You will get a better price than the "we lowball any car" crowd.
@markkelly9095
@markkelly9095 8 ай бұрын
I know this option , I just wonder where would it leave the buyer and garage if car develop a fault after purchase. In law. Ie would garage add warranty insurance to cost u can say so if a fault develop, the warranty insurance will sort it out?
@uktechie8013
@uktechie8013 9 ай бұрын
I tried and failed to sell my Electric Mini private on Autotrader last year, car was spotless with all the tips you mention, all I got low baller dealers calling me. In the end I got a dealer pretending to be a private buyer on Autotrader. It was the lowest priced car on Autotrader for age and mileage. I had 12 month MOT and Extended 12 month BMW warranty. I then spotted my car on the dealer's website for 2.5K more, buyers seem to want someone to handle all the finance.
@chrishart8548
@chrishart8548 9 ай бұрын
Sounds like a fair dealer mark up to be honest. Vat preparation and warranty are not free. There cut after that probably doesn't leave much after paying for there time and premises.
@ADYDRURY1234
@ADYDRURY1234 9 ай бұрын
Would you want to buy an EV privately without knowing it's full history of how it's been charged up and used. The majority of people only want new EV's on lease because if it goes tits up they can just give it back, they are a throw away item like everything else powered by batteries, that's also why their depreciation is so massive. If your ICE car goes tits up even a new engine is cheap compared to a new battery. Main dealers don't even want to buy them back and they struggle to sell them through auction, the same EV keeps going through week after week getting cheaper and cheaper and still not selling. There has been a 29% drop in ev sales in Germany and also a big drop all across Europe, they have also dropped in the uk, I have a feeling the ev bubble is about to burst. I am an electrician and been fitting domestic chargers since 2012 and the majority of our customers have already gone back to ICE or hybrid. We used to do quite a few chargers a year but the last couple of years we have hardly done any and very few people asking for quotes.
@chrishart8548
@chrishart8548 9 ай бұрын
@@ADYDRURY1234 for most cars the price of a new engine will write the car off
@ADYDRURY1234
@ADYDRURY1234 9 ай бұрын
@chrishart8548 not at the age it does it to an EV. I make money out of them and still wouldn't have one, the majority of our customers are all excited when they first get them then after a few times stuck in shit hole carparks reality starts to sink in. EV sales are dropping, Tesla are laying off 10% of their workforce, Ford and Toyota are back tracking and I think our politicians are starting to wake up and smell the coffee at last.
@RuislipResident-v7p
@RuislipResident-v7p 9 ай бұрын
Yawn.
@carlsturges6048
@carlsturges6048 9 ай бұрын
All great advice and exactly what I did last week with our daughter's mini, sold in 24hrs as it was priced bang on.
@ecoterrorist1402
@ecoterrorist1402 9 ай бұрын
@10:00 you need to add private sale. all the cars you added were dealer cars, private sales don't have warranty
@michaeledwards8079
@michaeledwards8079 9 ай бұрын
a lot of the so called private sales are dealers, when you phone just say I'm enquiring about the car you have for sale and then can you confirm the mileage, the answer you get will be which car was it
@fredgoul1150
@fredgoul1150 9 ай бұрын
The vast majority of evs have more than 5 years warranty that gets transferred with the ownership. Buying privately or from a dealer is irrelevant in these cases. The remaining warranty just depends on the age of the car.
@fredgoul1150
@fredgoul1150 9 ай бұрын
@@NigelSavagery may have or may not have .....evs have less frequent service requirements and are cheaper than ice cars to servicee so many people don't have concerns taking them to a main dealer or the network of specialised ev service places , so there is no reason for anyone to void any manufacturers warranty
@zyme4569
@zyme4569 8 ай бұрын
I don't think it matters that much as a seller. If car dealers are asking for £15k I don't see any reason why you can't ask for something similar or maybe just below like £14k assuming the car is in good condition, well maintained and serviced. Potentially a win win for both the buyer and seller. Buyers can always ask to get the car independently inspected before buying.
@ecoterrorist1402
@ecoterrorist1402 8 ай бұрын
@@zyme4569 i don't think you understand the risk purchasing a car 15K without warranty even "assuming ...." a 15k car dealership is private sale at least 2k less, or at least warranty insurance to the same level that includes full refund polices
@connclissmann6514
@connclissmann6514 9 ай бұрын
Thanks for the video. I have never understood why people don't clean a car in advance of a sale. Not talking yesterday's train drops here, I've seen empty drinks bottles, crisp packets and 3 years old dust. Even in the photos! Some sellers don't put themselves in the buyer's shoes, as you clearly explained one should do. Cheers!
@peteglass3496
@peteglass3496 9 ай бұрын
Your thoughts on setting the price were interesting, I guess watching for a while to see how fast the lower priced examples sell will confirm how realistic even the cheapest ones are. Obviously trickiest with BMWs and other German cars where the long options list can vary the value so much.
@williamfence566
@williamfence566 9 ай бұрын
Needs a follow up on, payment / test drives etc. I've got a mechanic friend who comes along when I'm buying and his advice is invaluable over the time. Would you be happy with that?
@Chris-yc3mm
@Chris-yc3mm 9 ай бұрын
Cleaning beforehand. You would be suprised, when i was viewing houses a few years back a lot of them were filthy 😂
@adamhenry1633
@adamhenry1633 8 ай бұрын
Thanks for this, just sold my leaf for 2.5k more than Wbac, and had the confidence to stick to my pricing, and it worked!
@decimal1815
@decimal1815 9 ай бұрын
What Autotrader ads don't tell you (when pricing) is whether the car still has a valid manufacturer's warranty or not. For that, you need to see the service history. So if you are selling a car with a valid warranty in place, that's worth advertising. Even some dealership cars don't have that, as I discovered recently when attempting to buy a used e-Niro from a well-known online car dealer that advertises (a lot) on TV. The disadvantage as a buyer from buying privately is that there is no warranty on cars that have an expired (or invalid) manufacturer's warranty. I remember buying our first car (a Nissan Micra) from a dodgy local dealer with a 3-month warranty included. The engine completely failed after 6 weeks. They had to tow it back to the dealership and fit a whole new engine.
@danpaul4975
@danpaul4975 9 ай бұрын
Sold all my cars apart from one privately. I enjoy it! I even had one lad that turned out to be genuinely interested but was making life difficult before he even viewed it and I refused outright to sell him the car, he got his dad to buy it not realising I'd see the address was the same! My usual trick when someone is viewing my car for sale is to answer a fake phonecall from a fake potential customer and explain "well someone's viewing it, but if they don't want it, it's yours"...
@Gillibrand65
@Gillibrand65 9 ай бұрын
Another excellent video EVM
@johnmunro4952
@johnmunro4952 9 ай бұрын
The only times I've part exed is because the wheels were falling off.
@ericpisch2732
@ericpisch2732 9 ай бұрын
A friend part exchanged a VW GTI that was pumping out a huge amount of smoke to a main dealer they may have filled it with extremely thick oil before taking the car in so there was no smoke 😂
@christopherclark1348
@christopherclark1348 9 ай бұрын
Do remember that if someone has bought the car on finance, they must clear the debt before selling privately! Otherwise, all good advice!
@johnnystromberg
@johnnystromberg 7 ай бұрын
Great video ... I am selling a car privately for 1st time and this has helped me immensely 👍👍👍
@Jaw0lf
@Jaw0lf 9 ай бұрын
Good advice and you do need to say no to low ball efforts. Stick to your price, or slightly over price and drop to what you are happy with!
@ericpisch2732
@ericpisch2732 9 ай бұрын
The idiots take no notice of any statement like no offers or no low balling and will spam you regardless
@rbdogwood
@rbdogwood 9 ай бұрын
Excellent. I'll be using that advice for the buying process as well (and looking through the back catalogue for advice there too). I imagine there will be a few offers on the BMW as well. Nice, clear, simple and honest.
@wesleyvelroij4837
@wesleyvelroij4837 9 ай бұрын
Not for EV's in the Netherlands: currently private people can still get € 2000 subsidy, which they only get when buying from a reseller. So when I would sell my car privately, then I at least have to go lower then the price would be if you count in the € 2000 subsidy. The subsidy scheme going end the end of this year, so in the near future it might be easier. But the other issue is: not many private people, are willing to pay € 10.000 to a private person. Thats what makes selling a car private difficult: you cant offer any warranty, something a reseller has to do by law.
@B0jangle5
@B0jangle5 9 ай бұрын
What do you do about insurance if they want a test drive?
@chrishart8548
@chrishart8548 9 ай бұрын
If the car is still insured and their insurance covers them to drive other cars that works. If the do crash they will have to buy it.
@iCozzh
@iCozzh 9 ай бұрын
Can get liability contract written out, literally one page long that say I X person commit to purchasing X vehicle reg X if crashed on test drive
@ColinCarFan
@ColinCarFan 9 ай бұрын
If they can't show you they have cover to drive your car, don't let them drive it. They can get 1 hour insurance from Veygo or similar for reasonable cost if their normal insurance does not include cover for test drives
@B0jangle5
@B0jangle5 9 ай бұрын
Cheers all, I was wondering whether this was the norm.
@ericpisch2732
@ericpisch2732 9 ай бұрын
@@chrishart8548 good luck getting the money from them, you will spend more in legal fees then you lost and even then they probably still won't pay.
@keithdenton8386
@keithdenton8386 9 ай бұрын
How do you get paid? In other words how do people pay for say a £30,000 car. Most would be on finance at this price. I have sold cars at the cheaper end of the market, and got cash, but the higher end I would be worried.
@JustfishNascar
@JustfishNascar 9 ай бұрын
I really loved my BMW-i3, I had the 33kwh version with the Range Extender. Hated the $100 yearly maintenance on the RE, mostly because I had to drive 240 miles round trip to get that service. But I'd still have it if I didn't upgrade to my RIvian.
@cleggbrendan
@cleggbrendan 9 ай бұрын
My local garage services the range extender motor - just an oil change
@mondotv4216
@mondotv4216 9 ай бұрын
I've sold quite a few cars privately (and bought a few) and I couldn't agree more with EVM. Pricing correctly, being honest about defects and firm on price is everything. If I had one more piece of advice it would be try to avoid selling over December - January. The market is defintely more subdued in the lead up to Christmas and at least in Australia, a lot of potential buyers are on holidays in January and getting kids ready for the new school year. You can still sell but there are definitely less buyers.
@Stillbusy105
@Stillbusy105 8 ай бұрын
11:30 you need to allow for your car being a private sale, people aren’t gonna pay dealer prices to private seller as they don’t have the protection or comes back
@jezebabe
@jezebabe 9 ай бұрын
Hey, thanks so much for posting this in answer to my and other's requests! Very much appreciated 👍 You are da man!
@michaelledger98
@michaelledger98 9 ай бұрын
I remember seeing your video when you bought the car and you seemed really excited.How come you are selling it so soon?
@michaelbarrett3886
@michaelbarrett3886 9 ай бұрын
Good advice. Another concern is what is the best, safest way to receive their money? Cash the best?
@chrishart8548
@chrishart8548 9 ай бұрын
Bank transfer is good really especially if its £15.5k you can see if it goes in and if the sale is done through e bay they already have the buyers details
@UK-Cycling
@UK-Cycling 9 ай бұрын
Great video Andy. How do you sort out the payment securely when you have an agreed sale? Best regards Martin
@decimal1815
@decimal1815 8 ай бұрын
It's really funny hearing stories about how you can judge people by their appearances. My father-in-law's house looks like it's been ransacked by burglars and he wears the same clothes for days on end. But his RR silver shadow from the 70s in kept in a specially-made garage in mint condition; lovingly polished and cleaned and driven around at 15 mph.
@Richard-io9xe
@Richard-io9xe 9 ай бұрын
The key problem with selling an expensive car privately is that not many people have 30 grand in cash and people spending that kind of money would normally prefer to deal with a business (i.e. a dealer). I was lucky, I managed to sell my Kia Soul EV privately for 31k in 1 day, but that was at the height of the abnormal pricing in 2022 because of shortages. It was bought by a dealer who knew he could put a margin on it and shift it, even though it was only 2 grand less than a new one.
@itekani
@itekani 9 ай бұрын
I don't know if I would replace the tires. I would account for changing them in the price and be clear in the description with that it will need new tires soon. Then the buyer can buy the tires of their choice instead of having to live with my choice. Maybe there are many people that would rather just have new tires no matter what it is, but that's what I'm thinking anyway.
@stephenballantyne
@stephenballantyne 9 ай бұрын
Another excellent video. Could you explain the final steps of the process. I.E. what is a safe way to get paid for the car without handing it over and risking the money not clearing etc? Do you just get them to do a bank transfer in front of you and check that it appears in your account?
@davidjohnbarnard
@davidjohnbarnard 9 ай бұрын
I had the same thought - assuming you dont want a wad of cash in an envelope what is the accepted way people pay for the car - I have no clue
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
Bank transfer is usually immediate. Until it’s in my account, the car stays. I think worst case I had was about 30mins waiting for it to show up in mine.
@stephenballantyne
@stephenballantyne 9 ай бұрын
@ElectricVehicleMan thanks! And after the sale is there any potential come back for the seller? For instance if I sell a car in good faith that is mechanically sound, but within the first couple of days/weeks it develops a big problem, has the buyer got any recourse?
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
As long as you don’t misrepresent anything and they’re aware, it’s essentially buyer beware so to speak.
@neilfletcher8311
@neilfletcher8311 9 ай бұрын
Really useful video, thank you.
@antoniopalmero4063
@antoniopalmero4063 9 ай бұрын
Yeah , honesty is important because they will see the car so hiding something over the phone makes little sense .
@rogerhudson9732
@rogerhudson9732 9 ай бұрын
I would sell the Mii and keep the BMW. The only cars I've sold for more than I bought them for (not counting inflation) were a Beetle, Mk1 Golf, Porsche 911S and a Mk1 LR Discovery, it's all about preparing the car for sale.
@robsmith1a
@robsmith1a 9 ай бұрын
Last time I sold a car it needed a cambelt service. It was a £3k car so I knocked £500 off the asking price and sold it in a few days. Webuyanycar offered £1300, px was also £1300. In a slow market I think it can take some time to sell a car. I always like a discount as a buyer if I can get one but if the car is good enough I'll pay a good price
@Lemxns
@Lemxns 2 ай бұрын
Surely you should just price it at exactly what Autotrader values it as their recommended listed price? If I was looking to buy a car privately, this is what I would be willing to pay. It's less than a dealer would charge but more than you would get from PX or car buying sites. Am I missing something?
@keithw7777
@keithw7777 9 ай бұрын
Yes making sure you get your money securely is just as important toe everyone
@farquharhoratio8859
@farquharhoratio8859 9 ай бұрын
Can you sell my i3 to my folks . I want to keep it in the family but don't trust them 😆 seriously! On the paperwork, do you write out a receipt.....sold as seen etc or is it just the V5 and wait for money to arrive in your bank.
@PeteMulv
@PeteMulv 9 ай бұрын
I bought my first EV second hand (E208) last year and I am now looking the next one because I would like a bit more range. I know miles on the clock is not as important in an EV as apposed to an ICE car, but do you have any thoughts on that aspect buying or selling the car? Great video, I always enjoy you content and advice.
@BCO44
@BCO44 9 ай бұрын
Always sold and bought privately. 100% agree. People seem happy to sacrifice thousands for a bit of convenience
@andrewdyson4255
@andrewdyson4255 9 ай бұрын
Good sensible advice
@Wombat57484
@Wombat57484 9 ай бұрын
I just don't want to deal with idiots coming to my house. I'll happily hand over £2k to not have some idiot know where I live when, a month down the line, something has broken due to their carelessness and they now want to blame me
@alisoncarr7153
@alisoncarr7153 9 ай бұрын
What do you do about test drives? How do you guarantee they’ll pay you?
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
I do the driving.
@Madonsteamrailways
@Madonsteamrailways 9 ай бұрын
Very interesting!! Thank you!!
@LorenDavis
@LorenDavis 9 ай бұрын
Thanks!
@freddydad1
@freddydad1 9 ай бұрын
Very useful video, thanks.
@AdamAugustPhoto
@AdamAugustPhoto 9 ай бұрын
Timely video as I'm just about to list my old car. First time I've sold to someone outside family/friends. What do you do in terms of test drives? Should the potential buyer be sorting out temp cover?
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
I do the the test drive in whichever manner they suggest. Even with proof, I don’t want someone binning my car and waiting months to go through their insurance. Never had an issue. Plus most won’t be fully comp so not going to happen.
@sandraoldfield4348
@sandraoldfield4348 9 ай бұрын
excellent advice
@briangriffiths114
@briangriffiths114 9 ай бұрын
One of your best videos.
@larsmenken2679
@larsmenken2679 9 ай бұрын
Are we getting a follow up on this? Did you already do one for buying? Thankfully my car is now so old there won’t be much difference between private and wbac once it is time to get rid of it. Likely do part exchange anyway at that point.
@johnchapman3923
@johnchapman3923 9 ай бұрын
How do you ensure you are being paid safely?
@Stillbusy105
@Stillbusy105 8 ай бұрын
Still for sale, I think the used car market is struggling
@duncanmartin2626
@duncanmartin2626 9 ай бұрын
That was really interesting and useful. As the car gets cheaper, does it change where you would advertise? Also, the advert platforms offer different packages (eg autotrader has adverts costing from £36 to £74) - is there any value in getting anything beyond the cheapest one? Also does it being your only car change how you go about it? I want to change my Zoe (I keep saying this), but it's my only car, and I really don't want to buy a new one before I sell this one, especially with current finance rates.
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
The more expensive Autotrader one is what I’d usually use as the advert is live until it sells and it’s a tiny % of the whole cost. As for always needing a car, that I can’t help. You could borrow or hire one after selling but that’s the convenience package dealers offer. Is losing £2500 (for eg) good value on not having a car for 1-3 weeks?
@phil9361
@phil9361 9 ай бұрын
Advice on money payment, advice on scam prevention, advice on test drives need covering. A good video just need extra advice. I just sold my car, a 2021 Leaf. Buy any car £9,300. Carwow £9,000. Local dealer PX £10,750. Motorway £11,680. Sold on autotrader for £13,410
@Stillbusy105
@Stillbusy105 7 ай бұрын
You’re now advertising for less than 13k… that’s nearly 3k below, what’s your take on the car market at present?
@KskVisteon
@KskVisteon 9 ай бұрын
The sheer fact that this video had to be created with such details and "guidelines", and "I've never had to sell a car privately" shows me that actually there are a lot (a lot!) of people out there living their lives in "easy mode".
@Swwils
@Swwils 9 ай бұрын
Who can be arsed with time wasters and idiots for an extra £2k?
@KskVisteon
@KskVisteon 9 ай бұрын
@@Swwils Case in point - 2k pounds is not a lot of money, and acceptable loss, if, and only if, you're one of the "easy mode" folks.
@Swwils
@Swwils 9 ай бұрын
​@@KskVisteonwhy spend £3000 worth of time making £2000 more. Doesn't make sense.
@paulhumphries3795
@paulhumphries3795 9 ай бұрын
Really good advice..👍
@w-wanderers
@w-wanderers 9 ай бұрын
Excellent video, thank you. I was going to sell my car through cazoo/motorway but you've inspired me to sell privately as I know I wouldn't handle the haggling aspect well. What would you do about insurance and the potential buyer wanting to test drive?
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
I don’t let them. I drive it in any manner they would like but I’m not taking a 3rd party insurance risk like that.
@harrycorry3772
@harrycorry3772 9 ай бұрын
​@ElectricVehicleMan Interesting that you don't let potential buyers drive your cars as I would have thought MOST people would want to drive ANY car they were looking to buy?
@PeterLawrence-x6u
@PeterLawrence-x6u 9 ай бұрын
How do you take payment for a car, say that is 15,000, when there are so many con men about?
@martyndyer4444
@martyndyer4444 9 ай бұрын
Hi Andy. Excellent video. One thing you didn’t cover and is something that concerns me with selling a car privately, what method do you use to get the money? I presume online bank transfer and wait for the money to clear before releasing the car, or is there another way?
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
Bank transfer is essentially immediate. I just use that.
@alanbrad3727
@alanbrad3727 9 ай бұрын
Thanks, this is the question i was wanting to know! Makes sense but I've never sold a vehicle worth more than a few thousand pounds.
@shikoku14
@shikoku14 9 ай бұрын
Over £10K you can get flagged by the fraud department. My experience a couple of times buying (at dealers) so now I’d advise anyone to contact the bank and inform them you are planning to transfer funds (provide the name of the person you are transferring it to) then do the transfer electronically(or do the transfer with an actual person from your bank while you have them on the phone) if I was selling my privately I’d advise the buyer to do that to make sure the transaction is smoothly carried out and you both aren’t waiting around to speak to a fraud team at the bank
@rob_in_stowmarket_uk
@rob_in_stowmarket_uk 9 ай бұрын
Presumably you require immediate bank transfer… what if that is a problem? Do you accept a cheque, subject to ‘pick up on clearance’? Or cash (if so, would you have a ‘note checker pen’ handy)?
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
Bank transfer or cash straight into the bank with them.
@Richard-io9xe
@Richard-io9xe 9 ай бұрын
Cash - Good God NO!. Far too risky - possibility of forged notes and who the hell wants several, possibly tens of thousands of pounds in an envelope in the house??
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
@@Richard-io9xe That’s why I said straight into the bank. 🤷‍♂️ Then give the keys.
@Mike-qu6fp
@Mike-qu6fp 9 ай бұрын
How long should you keep a car? Is there an optimal age to sell it rather than hang on too long?
@RuislipResident-v7p
@RuislipResident-v7p 9 ай бұрын
There is also the option of brokerage. RSymons (of the EV You Tube channel) will do this for you.
@johnwilkins2023
@johnwilkins2023 9 ай бұрын
Do you get the buyer to sign a statement saying “sold as seen” and do you wait for money to transfer before handing over keys, or take cash or….?
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
I use this www.theaa.com/~/media/the-aa/pdf/motoring-advice/aa-car-buyers-sellers-contract.pdf?la=en Bank transfer is pretty much immediate so once I have the money they get the car.
@ericpisch2732
@ericpisch2732 9 ай бұрын
@@ElectricVehicleMan and can be reversed if fraud is involved
@ericpisch2732
@ericpisch2732 9 ай бұрын
always get them to sign a receipt describing the car car and purchase price and stating sold as seen. If you haven't hidden anything it will cover you, if you have not disclosed about a problem, they may still be able to get compensation
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
Faster payments cannot be reversed.
@Bravada
@Bravada 9 ай бұрын
I understand Autotrader Tracker is no good now due to API ? Motorwatch I am advised is another option
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
Works for me.
@Bravada
@Bravada 9 ай бұрын
@@ElectricVehicleMan weird, the latter works for me, so all is good although I did not know about either until your video. Thank you for your content .
@jeta1f35
@jeta1f35 9 ай бұрын
If bought privately the buyer has zero protection if there are any problems with the vehicle; that is a big risk to take. Some people will be willing to take that risk, others won't. I think that is a big consideration when buying privately and I really don't think that was covered fully in the video. Certainly the detail of the different types of transaction was covered but it wasn't mapped against against the risk different level of risks involved. From a purely financial point of view then all the explanations stack up, but that is not the full picture. As others have said the single biggest hurdle to a private transaction is the risk of a dodgy financial transaction. There are some very elaborate scammers at work out there.
@dennisharvey4499
@dennisharvey4499 9 ай бұрын
What do you do if they want a test drive?
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
Drive in whichever manner that ask but they wouldn’t be fully insured on it anyway for the majority. If they accidentally bin it, they’ll say sorry and walk away with you having no car left.
@andymacleod2365
@andymacleod2365 9 ай бұрын
good advice
@Brian-ug3cy
@Brian-ug3cy 9 ай бұрын
How would you sell a vehicle, privately, with a value around £60,000?
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
Same way, just less likely given the figures.
@stewreviews9345
@stewreviews9345 9 ай бұрын
What do you think about the dealer price premium - w when buying from a dealer I assume at least some assistance will be forthcoming if there's an issue, and ultimately I have some kind of warranty. As a buyer I assume a private sale will be at a lower price - what's your take?
@chrishart8548
@chrishart8548 9 ай бұрын
No forthcoming assistance from a private sale that's for sure. Some dealers offer a 3 month warranty that covers everything.
@chrishart8548
@chrishart8548 9 ай бұрын
I've found the best way to get a car is if you know anyone with a company car when the lease ends there is always the option to buy the car before it goes to auction. Get them to buy it and then give them the money. Obviously it has to be the car you want. It's usually a great deal though. Know someone who bought there car every 3 years and sold it straight to we buy any car and made 2-3k every time
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
You get buyer protection from a dealer and main dealers especially. Depends on the car tbh. Very little to go wrong on an EV so as long as it all works and no unusual noises etc then I’m usually ok with buying that. Piece of mind costs. And there’s always aftermarket warranty too.
@chrishart8548
@chrishart8548 9 ай бұрын
@@ElectricVehicleMan but electric cars catch fire and burn your house down at least a few times a week how do you check if its going to catch fire. ?
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
@@chrishart8548 Include a fire blanket.
@stevebeever2442
@stevebeever2442 9 ай бұрын
Why would anybody buy any car privately for more than they can get one from a dealer? Zero protection buying privately
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
They wouldn’t. It would be more expensive from a dealer. Have we watched the same video? 🤔
@adamspencer95
@adamspencer95 9 ай бұрын
​@@ElectricVehicleManyou found 3 dealer prices then said you'd sell it privately for more than the cheapest dealer 😂
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
@@adamspencer95 Completely different spec! It’s not the same car. 🤷‍♂️ And you can just check the car out, it’s not difficult. Or buy a warranty. Or get it checked beforehand.
@stevebeever2442
@stevebeever2442 9 ай бұрын
@@ElectricVehicleMan You can do all the checks in the world. Buying from a dealer gives consumer protection rights by law. Buying private gives you zero. You have no protection and take 100% of the risk
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
@@stevebeever2442 “You can do all the checks you want!?” Of course you can! Thats the point. What do you think mechanics are for. 😄 A dealer gives you 3 months, you think that’s worth the £££ extra? I could buy a BMW 1 year warranty on this car for about £1k for a year. Even adding that on to the price it’s still 4 figures cheaper. Besides, this is about selling, not buying.
@MrGMawson2438
@MrGMawson2438 9 ай бұрын
Cheers mate
@dennisharvey4499
@dennisharvey4499 9 ай бұрын
What is your advice in taking payment for something around £4,000?
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
Bank transfer is always the safest for me. Or cash if they put it into your bank account there and then.
@dennisharvey4499
@dennisharvey4499 9 ай бұрын
@@ElectricVehicleMan How would they pay cash into your bank account there and then?
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
Both go physically to a branch. The bank will check the notes when depositing.
@dennisharvey4499
@dennisharvey4499 9 ай бұрын
@@ElectricVehicleMan Thanks.
@The-Audi-driver
@The-Audi-driver 9 ай бұрын
How would I price my car. I saw one exact same as mine, Audi A3 8P automatic 2.0tfsi Quattro s line but the options in his car was crap it has the same miles as mine 92k plus his was a car N he wanted £4950. My options has the Bose system, sat nav. Cruise control. Alcantara seats with adjustability for the back and it’s not categorised. Where would I price mine above his?
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
Any insurance write off can be ignored for comparison. Find some others that are as close as possible and go from there that.
@decimal1815
@decimal1815 9 ай бұрын
This video was brought to you from.. The Costa Del Yorkshire
@UKDagnar
@UKDagnar 9 ай бұрын
Private sale has no come back when they've got rid of a problem car and you can't trust anyone these days. Why anyone would buy a £15k - £20k car with zero protection is beyond me. Dealer everytime I'm afraid unless it's a sub £5k car just because you have some form of warranty or complaints process if it turns out to not be what was sold.
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
Or you just check the car. It's not hard. Or even buy a third party warranty. Hell, even BMW sell a full comprehensive warranty direct with their dealers for any BMW up to 10 years old.
@UKDagnar
@UKDagnar 9 ай бұрын
@@ElectricVehicleMan Too often they're selling for a reason. And too often they've hidden it as best they can. By the time you find out you're stuck with a problem car and big bills to put it right. No trust, no protection with private sales, just not worth it unless it's at least £1k less than dealer prices.
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
@@UKDagnar that’s why you check the car! Or get it checked properly. I’ve not had the issues you mention. Just be sensible.
@80y3r9
@80y3r9 9 ай бұрын
"watch to the end it helps me" Followed pretty immediately by the worst ending to one of your videos 😂
@dixonsindorset
@dixonsindorset 9 ай бұрын
Thanks, great tips! Bye.
@TonyOrc
@TonyOrc 9 ай бұрын
I have also sold loads of cars privately. But I enjoy the haggling.
@justice4g
@justice4g 9 ай бұрын
never sell an I3, they're so good
@andymacrae1093
@andymacrae1093 9 ай бұрын
Fifty shades of gray 😂😂😂
@mattrowe6394
@mattrowe6394 9 ай бұрын
Hang on a minute.... That car is tiny this is like watching LOTR with the hobbits 😂
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
You’ve never heard of an i3?
@mattrowe6394
@mattrowe6394 9 ай бұрын
@@ElectricVehicleMan heard and seen, my uncle had one, I would love to see you standing next to my Ioniq 5.
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
@@mattrowe6394 The drive slopes down, cars leaning quite a bit to the left.
@mattrowe6394
@mattrowe6394 9 ай бұрын
@@ElectricVehicleMan that's the funniest weeman, excuse I have ever heard lol. I am only teasing btw 🤣
@christopherwain9024
@christopherwain9024 9 ай бұрын
I'd buy a car off you 😁😁😁
@80y3r9
@80y3r9 9 ай бұрын
RsEV do sell it for you
@80y3r9
@80y3r9 9 ай бұрын
Option 4?
@decimal1815
@decimal1815 9 ай бұрын
Psychopaths have clean houses. Well, that's my excuse.
@dpn1604
@dpn1604 9 ай бұрын
Replacing tyres, washing it, MOT, service... And all of this is going to eat into your 3.5k... And the time it will take you... Unless you have a KZbin channel and can talk about, it's not worth it ...
@ElectricVehicleMan
@ElectricVehicleMan 9 ай бұрын
You’re talking about £500-£800 for all that. If you can throw away even £2k then that’s just insane for me. Think about it. You’ve just used washing your car as an excuse. Isn’t that something you do anyway?
@MrGMawson2438
@MrGMawson2438 9 ай бұрын
😂
@ADYDRURY1234
@ADYDRURY1234 9 ай бұрын
@gazza569 makes a comment then blocks you 😂
@ianwatkins9609
@ianwatkins9609 9 ай бұрын
Great sensible advice
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