Not true. Any private seller can have it pre-inspected. Also, any seller can draft a buyer and seller agreement that guarantees or warranties something.
I see what you mean. However, the buyer is presumably indifferent to paying the same amount to a dealer or a private party. My point was that it made no difference to what the car was worth. I believe if you have a good relationship with your dealer you can do much better than 10 -15 percent though. Maybe half that. Lastly, if you have the time and want to make the effort to sell your own car, that it totally legitimate. But it's a service you pay for like any other. Just depends if it's a good use of your time or not I guess.
I just learned 7% is what they charge at Lake Forest Ferrari. Still, that's 7% we could save ourselves or the new buyer. I still feel selling private is the best. Plus, in Illinois, private sales have a $1,500 tax cap, as I learned from another member on Fchat this week. Want to pay full tax? Buy from a dealer. That could cost over $15,000 for a used Ferrari. That's not for me, no sir.
While I prefer buying and selling private, I found that selling private is hard or can take longer at this price range as some buyers have trade-in cars and/or want financing and that's where dealers have an edge over private sellers.
I guess I found the opposite. My 458 was only for sale for a few weeks and I sold it for $4,000 above MSRP. During that time, I was contacted by some very wealthy people that money was not even a remote concern. If fact, the guy that bought it never haggled and wired the money immediately. I guess it comes down to where you advertise and your price and the condition of the car. Autotrader.com, cars.com and dupont registry gets a car sold quick in my experience.
Agree, I sold my 2014 Italia in the fall for 265K. Was offered 230 by the dealer on trade. I sold mine on eBay in less than a week. Right time, right place, right buyer....paid cash via wire transfer and had the car picked up for transport few days later.....
Timing is everything. It worked out well for you. We didn't see any cars we liked that were private sale. Two of the three we seriously considered were on consignment.
Agreed. When I looked, I found the same thing. Also, the cars that don't move mostly have "different" color combinations or are lacking in options.
Exactly. There's a 2013 Ferrari 458 Italia Spyder | 10K Miles | $240K. Dealer has been trying to sell it for 90+ days.
I find it hilarious that all the people that gave me crap about my asking price are nowhere to be found now. It just goes to show that everyone has an opinion and most of them stink. Not only did I get my asking price, but I met a really cool guy with a mint, sweet, 1986 328 GTS he bought new...only has 11,800 miles on it and looks like it just got delivered. Just cool.
Nicely put. Yours was exceptional and it seems like many of them wanted to disregard that critical point.
Oh Chad. Let's set the record straight. You paid $262k for the car. You originally listed it for $277k but ended up taking $269k You spent $15k paint correction and Xpel. You spent $15-20k on taxes and registration (assuming you purchased from a dealer in Illinois). You drove the car 32 (thirty-two) miles during your ownership. 32 miles that cost you between $23-28k. Almost, but not quite, $1,000 per mile. Gotta be some sort of record. What "stinks" are your financial management skills.
A long time forum member will be putting up his '11 458 Italia for $185K by EOM. I told him try for $200K - $215K but he's looking to move it out < 1 week. Should go since it has less than 4K on the clock and he's the only owner.
If he lists it at $185, he's going to get offers at $175... If you want to sell it quick at $185, you list it at $195.
When paying $ 210K plus for a 458 the sales tax from a dealer especially in California where it can reach 9.75 % is significant. That is where finding a nice car private sale is financially less painful.
