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.
Selling car on pcp
- Thread starter Timi8888
- Start date
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?
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.
Carefree69
Registered User
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.
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.
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
Carefree69
Registered User
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.
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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
That's what his Scottish accent sounds like in real lifeIs that Gaelic ? or ten pints
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.
I have no idea how them Enigma codes where posted mate honestly not got a Scrooby doo lolIs that Gaelic ? or ten pints
I have a friend who works for a performance specialist. Will see if he can sell car on my behalf.
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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
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!
