rockits
MB Enthusiast
- Joined
- Dec 31, 2009
- Messages
- 2,408
- Location
- Hertfordshire
- Car
- 2005 E55K Estate;2020 Jaguar I-Pace HSE;2010 Audi S5T;Alfa GT V6;306GTi-6;206 GTi 180;Ford Probe V6
This is a common misconception or nativity some private sellers have that their car is often up for more than it should be or they feel it is worth more than it is.
A private sale has no come back or recourse and on many high end cars there is lots to go wrong and lots that does go wrong & it is hard to find all faults on inspection even by a specialist inspection.
For this reason the price of a private sale must be some margin cheaper than a car from an independent trader let alone a main dealer forecourt. For me often the margin is not great enough, the saving not great enough & the risk too great. That is from someone who has bought many lumpy cars, many privately and most bought cash outright.
If the engine blows up 5 miles down the road & the warranty doesn't cover it you're in for a very large bill leaving you seriously out of pocket. At least a dealer... indy or main dealer will offer some recourse in this event.
A private sale has no come back or recourse and on many high end cars there is lots to go wrong and lots that does go wrong & it is hard to find all faults on inspection even by a specialist inspection.
For this reason the price of a private sale must be some margin cheaper than a car from an independent trader let alone a main dealer forecourt. For me often the margin is not great enough, the saving not great enough & the risk too great. That is from someone who has bought many lumpy cars, many privately and most bought cash outright.
If the engine blows up 5 miles down the road & the warranty doesn't cover it you're in for a very large bill leaving you seriously out of pocket. At least a dealer... indy or main dealer will offer some recourse in this event.