Sadly I'm looking at selling my 2015 S3 Saloon. It has finance outstanding that is more than the trade in, or webuyanycar valuation. The private sale value is just over the finance settlement amount so a private sale is my only option. My question is: would someone buy a car of this value privately? I can't see any on Auto Trader etc
S3 Sale Advice
- Thread starter dgpim
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Try selling it with an extended warranty.
It will give someone a bit more confidence.
Look at what private dealers are selling at and undercut them by a couple of hundred quid.
Either way you are probably going to take a financial hit
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Aftermarket warranty dealers there are plenty that do it
I don,t know which is best but I,m sure someone will come along and point you in the right direction. Good luck buddy
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Don't want to be a scare mongorer but we careful if selling a car like this privately. Things like test drives and even someone finding the location of the vehicle itself is something I would worry about. Also, for any sale, insist on electronic transfer of the funds and don't part with anything until you can see the money in your account. Good luck.
I have those exact worries, I would probably do viewings at work and a genuine buyer would want to pay VW Finance directly I'm sure.
What spec is your car? The better the spec the more people will be interested.
What price are you looking for?
FooFoo
What price are you looking for?
FooFoo
Might be worth speaking to Audi Finance... I think there's an option to "surrender" the agreement and they sell the car on your behalf... although they might not guarantee that what they sell it for will pay off the outstanding finance.
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Yep put up some info on the items for sale section..You never know?
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Just sold my GTi as my S3 saloon is coming soon. Wasn't a great experience. Used auto trader and gumtree and got lots of calls usually from people expecting a ridiculous discount or looking for the car to be sent to Africa for their son!!!
Ended up selling to a specialist dealer and got £1000 more than webuyanycar offered. Got £750 less than advertised so all in all not bad. From my experience I would phone dealers first as I got great advice and ultimately a sale by doing that. Granted the gti was not as expensive as your s3 no doubt will be. The gti was £14000
Ended up selling to a specialist dealer and got £1000 more than webuyanycar offered. Got £750 less than advertised so all in all not bad. From my experience I would phone dealers first as I got great advice and ultimately a sale by doing that. Granted the gti was not as expensive as your s3 no doubt will be. The gti was £14000
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11,000 miles, Sepang Blue, black leather interior, HDD sat nav with MMI touch interface and the larger hi-res screen, Audi Connect, adaptive cruise, B&O sound system, split folding rear seats (I think that was an option?) heated/folding mirrors, reversing sensors, privacy glass, interior light pack, auto dimming rear view mirror, auto headlights (xenon) and wipers.
I haven't thought that much about price as I don't really want to sell it! From what I have seen advertised around 30k seems reasonable?
Its always difficult to sell a high value car. Most people want some form of finance, the fact that you have so much finance outstanding will also put many people off.
Sadly its a problem of having a large amount of finance to enable a purchase. Its worth making sure that you never end up in negative equity.
Not to be rude it's called living beyond your means.
When making such an expensive purchase you must keep in mind what happens if? You always need to be able to get out without ending up in dept. The vehicle should always be worth more than you owe.
I struggled to sell my twelve month old TTS privately (which I owned) expect to take a hit on the price and have to wait a while.
Worth trading it in to an Audi dealership and buying a less expensive vehicle from them as a way of moving it on without a debt.
But expect to lose about ten grand on purchase price at a year old.
Sadly its a problem of having a large amount of finance to enable a purchase. Its worth making sure that you never end up in negative equity.
Not to be rude it's called living beyond your means.
When making such an expensive purchase you must keep in mind what happens if? You always need to be able to get out without ending up in dept. The vehicle should always be worth more than you owe.
I struggled to sell my twelve month old TTS privately (which I owned) expect to take a hit on the price and have to wait a while.
Worth trading it in to an Audi dealership and buying a less expensive vehicle from them as a way of moving it on without a debt.
But expect to lose about ten grand on purchase price at a year old.
My thoughts exactly, yeah you may get a few grand more, but then you may get a gun shoved in your face and lose the car!
I'm sure I asked this question to the Audi finance guy, and I'm sure he said you can't do it that way. The money has to go via you and then the finance company.
I think to do a voluntary termination you have to have paid 50% of the cars value back.
Pm me and l will give you some info regarding selling your ie a phone number of a garage that may well buy your car from you with a better price than the car buying companies
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Selling with finance outstanding will be tricky imho. Put yourself in the shoes of the buyer, you could take their payment and not pay off the finance. High value cars are also tough to sell privately. Perhaps easier to PX and just take the hit on value?
TX.
TX.
Not true l had outstanding finance and could have sold my car easily as long as you have the existing amount to cover the shortfall it aint a problem... Autotrader £48 bangers jobs a good un
There should be a minimum deposit required based on the amount of credit to act as some kind of cushion in the event of a change of circumstances. Bit unethical IMO how it is currently.
I also have trouble understanding how a very similar used spec'd car can be listed more than the car I have on order! And then people accept crazy +10% APR's (Landrover nearly top that league with 15%) on used vehicles.
Anyone fancy discussing some man maths?
Again you never pay the price on the window used cars are also dicountable
ACWKGYTO
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Try Sytner, or MikeBrewerbuysyourcar, they give much better prices than those t***ers at we buy any car
Thanks for this... Mike Brewer offered £2,500 more than we buy any car.
ACWKGYTO
Registered User
Nice one, have you actually taken it to them yet, would be interested to know how smooth the transaction is ?
I'm going to try and sell privately first to minimise my losses. Also Mike Brewer's valuation is £500 lower than the trade in offer I have against the van I'm buying, although they haven't seen the car in the flesh yet so that could drop.
ACWKGYTO
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Depends how much the van is worth then, and also whether you fancy selling a car of that amount privately, I'd be careful
There are some garages that sell cars for you at forecourt prices for a fee of about £500 but I'm not sure how quickly that would happen
Handy to know for the future, just done a quick quote Sytner £400 more and MB £700 more than Audi offered me about 2 months back!
I'll have a look on Sytner too. My local Audi Dealer is Sytner and I have never had a good experience with them.
When I got the Audi I took my old car to Fords of Winsford, they gave me £1000 more than what Audi offered, handy as it's only 20 mins up the road, so I got a lift back straight to collect the Audi
I think they have a FOW in Manchester as well now.
Get a quote here http://www.fow.co.uk/value-your-car can't do mine as I think it's a private plate, would need to call them.
What's the point of that? Manufacturers warranty is more than sufficient to boost buyer confidence. I personally take 3rd party warranties with a pinch of salt after personal experience of them not paying out, and always look to the manu's first.
Have you tried speaking to any dealers? I decided to get rid of a Scirocco after 6 months on a PCP and a dealer was willing to take it as a p/x and pay off all of the finance, no issues at all. The only thing I lost out on was the deposit on the Scirocco (£500 + a p/x). I'd bought that from new and had done less than 4,000 miles though.
Suppose this shows up an advantage of PCP over hire purchase.
With HP you can never assume your outstanding balance will agree with car value whereas with PCP (assuming you keep up repayments) you might not have equity in the car at the end of contract but it could never be negative. The dealer has to agree with the GFV whether he does or not!
I did note on the BMW forum that one guy didnt get this advantage because he made sweeping changes to his car and had to pay thousands to reinstate it to standard stock condition when he terminated early!
Hope dgpim gets straightened out to his satisfaction.
With HP you can never assume your outstanding balance will agree with car value whereas with PCP (assuming you keep up repayments) you might not have equity in the car at the end of contract but it could never be negative. The dealer has to agree with the GFV whether he does or not!
I did note on the BMW forum that one guy didnt get this advantage because he made sweeping changes to his car and had to pay thousands to reinstate it to standard stock condition when he terminated early!
Hope dgpim gets straightened out to his satisfaction.
Depending on the amount paid to date, you may be able to VT (voluntary terminate) your finance agreement. I.e you simply hand the car back - end of. The finance company won't tell you about this option, you need to ask them.
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