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Selling car on pcp

Timi8888 Nov 2, 2018

  1. NevMan

    NevMan Well known member

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    sweeping statement, depends what deposit you put down. My Q5 bought new in March 2018, settlement is £30k, I could get £33k+ easily now, P/X or whatever.
     
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  3. NevMan

    NevMan Well known member

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    hence step 4 above, buyer and seller speak to Audi Finance to establish settlement figure, Buyer can get banking details directly from AF and compare to settlement letter to ensure match. Go to own bank (buyer) and get teller to do transfer to specified bank account.

    What is the issue?
     
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  4. AlS3BE

    AlS3BE Registered User

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    In my experience it’s a trust issue.
    With lower valued cars you are talking a few grand but when you talking about £20-30k or more that begins to scare folk.
    Tried selling my last a6 as trade in was not great. So many people with money but not willing to take the risk even though it was a good £1-2k less than an equivalent at the dealers.
    Even thought about a bridging type loan so I could sell but wasn’t worth the hassle compared to selling to wbac type companies.
     
  5. Carefree69

    Carefree69 Registered User

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    There isn’t a risk, the buyer can settle the finance direct. Simple as that.

    I’ve sold a pcp car to a private buyer before, he knew it was on a pcp and the price of the car covered the outstanding finance so he paid it, job done.

    A buyer either wants your car or he/she doesn’t, the fact that it’s on a pcp is neither here nor there. Ok, it MIGHT scare some people, but the fact is it can and does happen.
     
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  6. NevMan

    NevMan Well known member

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    Not a trust issue, more a fact that many when spending that kind of money (myself included) would rather go via main dealer and pay a premium. But if the price is right for sometime, they will buy the car, and more so when there is warranty left etc. The settling of finance whether pcp, personal loan whatever it is making sure all the relevant per paperwork is there, and that buyer speaks to bank or finance themselves for peace of mind
     
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  7. Carefree69

    Carefree69 Registered User

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    Yup^^
     
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  8. wab172uk

    wab172uk Now in an X3 M40i

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    No issue if you are happy with doing that. I stated that I `personally` wouldn't as you hear so many stories of people getting conned. I don't ever want to become one of those victims. And just because the car is an Audi, doesn't mean the car is PCP through Audi.

    Having a car still on finance won't bother some, but for the vast majority of people it will.
     
    Last edited: Nov 4, 2018
  9. jassyo06

    jassyo06 T-Cut King !

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    Yyuyyyuyoyyyihpohhuuuyhyhh uh uh yyhybhyyyygyhyhggyyyggh Hythe gh high yhhghpyuy Yyuyyyuyoyyyihpohhuuuyhyu y hogg
    Code:
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    Sent from my F8331 using Tapatalk
     
  10. NevMan

    NevMan Well known member

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    Jeez, was using Audi finance as example. I equally (as mentioned) don’t buy private, but I have examples of 2 others buying my cars off me and being very happy as cheaper than main dealer, and I was happy as got £2.5k for one and £2k for the other over and above P/X prices. Horses for courses...I will not be bothering with any more replies on this thread as bored now
     
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  11. Jcbmally

    Jcbmally Started with nothing & still have most of it left.

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    Is that Gaelic ? or ten pints :respekt:
     
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  13. -Ju-

    -Ju- Well-Known Member VCDS Map User

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    That's what his Scottish accent sounds like in real life :yes:
     
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  14. S15THM

    S15THM Daytona S3 Saloon

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    Better to try sell it privately than sit out until 50% has been paid because you can end up with more in your pocket than what's left on the agreement.
     
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  15. jassyo06

    jassyo06 T-Cut King !

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    I have no idea how them Enigma codes where posted mate honestly not got a Scrooby doo lol
     
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  16. Timi8888

    Timi8888 Registered User

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    I have a friend who works for a performance specialist. Will see if he can sell car on my behalf.
     
  17. desi112

    desi112 Registered User

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    I have sold 2 of my car's on PCP to Arnold Clark, I got the best price around as it is unlikely you'll be able to sell a car over £10K privately....(From my experience)

    Arnold Clark settled all the finance and paid me the remaining balance. I was very happy with the process and the price I was paid hence me selling 2 cars to them
     
  18. S32B

    S32B Registered User

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    Did they try to knock you down on price? Mate of mine was looking to sell his VXR to them, but he'd heard that once there they pick at everything to get the price lower!
     
  19. AlS3BE

    AlS3BE Registered User

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    I’ve used arny Clark before and they have me what was on quoted on the website. My car was immaculate other than 2 stone chips on the front.
     
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