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Selling questions...

Discussion in 'United Kingdom' started by Robertb, Sep 28, 2005.

  1. Robertb

    Robertb Formula 3

    Nov 19, 2003
    1,330
    South Oxfordshire, U
    Full Name:
    Robert
    As some of you know, I have been vaguely trying to sell my 355 for a while now. However, I have decided it is time to try a bit harder.

    My options as I see it are...

    1. Sell privately now for a reduced "winter adjusted" price to reflect fewer buyers/more cars about
    2. Sell to a trader.
    3. Hang on til Spring, and hopefully fetch a bit more when there are more buyers/less cars about.

    My concern about waiting til Spring is that it might depreciate even further.

    If I sell privately it will need to be serviced which makes the trade route a little more attractive, plus there is the certainty.

    What do you reckon is the best plan?

    Any ideas of how to price a 16k mile 99T manual 355GTS in silver?

    Thanks

    Robert.
     
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  3. tommo

    tommo Formula 3
    Lifetime Rossa

    Nov 29, 2004
    1,245
    Gloucestershire
    Full Name:
    Julian
    IMHO - I'd say £44,995 for a quick private sale. As its a GTS and a 1999, that would more than make up for the fact its not a spider or rosso corsa with crema. If a dealer offers you more, then I'd take it - but what do I know, I don't own a 355 so its best if you get advice from the 355 guys..!
     
  4. Hud

    Hud F1 Veteran
    Lifetime Rossa

    Jan 26, 2005
    6,353
    UK
    Full Name:
    Rob
    Ebay. Set a sensible min price. Probably get more on there than you will if you sell it to a trader.
     
  5. burriana

    burriana Formula 3

    Jul 8, 2004
    1,675
    North Yorkshire UK
    Full Name:
    AL
    I had thought about ebay, but don't you end up with a load of time wasters and you can never be sure whether a bid is genuine?
     
  6. andrewg

    andrewg F1 Rookie
    BANNED

    Sep 10, 2002
    4,667
    Chester, England
    Full Name:
    AndrewG
    Ebay / Top marques / Autotrader. all good places to sell, as for the price it all depends on how quickly you want to sell it but I'd go for £48,950 or there abouts, puting it in the middle as far as pricing goes, spend some time writing a decent advert with good pics.
    if you want to sell it this week then sell it into the trade, you won't of course get as much cash back as you may want (without more details according to this months glass's guide it books at approx £41k trade )
     
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  8. Hazy

    Hazy F1 Rookie
    BANNED

    Mar 12, 2005
    4,047
    England
    Full Name:
    Adam
    £45k seems a bit cheap to me, but most 355 buyers are going to want a red un', I know I did, but ebay may be worth trying and set your reserve as low as you can. Or be really brave and start at £1 with no reserve :D:D:D
     
  9. Hud

    Hud F1 Veteran
    Lifetime Rossa

    Jan 26, 2005
    6,353
    UK
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    Rob
    No different to tyre kickers from the paper.
     
  10. Dictys

    Dictys Rookie

    Jan 13, 2005
    21
    UK - Oxfordshire
    I sold my Bentley on ebay, all the genuine buyers just contacted me via email and came to view the car.

    First person who came brought the car, so I just removed it from sale and had to only pay the listing fees. It was sold within 4 days.

    Set a sensible reserve, start very low, put it on for as long as possible so lots of people view.

    I have also sold one of my bikes this way.

    No one who actually bid came to look at the car, people were emailing me direct through ebay wanting to view.
     
  11. tommo

    tommo Formula 3
    Lifetime Rossa

    Nov 29, 2004
    1,245
    Gloucestershire
    Full Name:
    Julian
    Had an XK8. Very high miles, but decided to sell it on ebay.

    Firstly, spoke to the trade who offered me 7K! (190K miles - P reg). So I thought, need to shift the car, anything more than 10K is a bonus. So put the car on a 7 day listing, starting at 10K (Be realistic) with no reserve. Within a day I got a bid at £10K (trade), by the end of the week, the final bidding reached £13,600.

    Had a dialogue with the chap prior to the final bid. He came to check is was as described - after the close. He left a cheque. I waited for the cheque to clear, then the following week he picked up the car - I was happy that I got a reasonable price, he was happy he got a good XK8 at cheap money, and finally the cash was in the bank after 2 weeks of advertising it!
     
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  13. Ade

    Ade Formula 3

    Jan 31, 2004
    2,095
    UK
    Robert,

    What price did you try to sell it at before? (I cant remember)

    Given what Ive seen around, you should be able to sell it privately for just under 50K if its been serviced.


    When I advertised my 355 Spider (rosso/crema) 37K miles at 50Kish , I got a ton of calls through.

    Good luck
    Ade
     
  14. EK3R

    EK3R Formula Junior

    Mar 26, 2004
    807
    CT
    Full Name:
    Eric K

    But nobody buying it though!! :)
     
  15. Badapple

    Badapple Formula Junior

    Nov 20, 2003
    870
    West London
    Full Name:
    Phil
    190,000 miles!!!
    How many new engines had it had :D

    What was the condition like with that mileage?
     
  16. Robertb

    Robertb Formula 3

    Nov 19, 2003
    1,330
    South Oxfordshire, U
    Full Name:
    Robert
    It was up for £54950 at Talacrest, which would have returned me £51Kish. Just got a trade offer from MSL for £40k.

    Was given a trade offer of £45k a couple of months ago- wish I'd taken that!

    Incidentally, have you heard the news about Talacrest? The sales side is being discontinued, the service side is continuing as normal. Guy Tedder has left and set up his own business, www.castlefords.com
     
  17. tommo

    tommo Formula 3
    Lifetime Rossa

    Nov 29, 2004
    1,245
    Gloucestershire
    Full Name:
    Julian
    Same engine, second gearbox, not bad nick!
     
  18. Robertb

    Robertb Formula 3

    Nov 19, 2003
    1,330
    South Oxfordshire, U
    Full Name:
    Robert
    I had an early XK8, then an XKR. I loved the XK8 particularly. I got the impression the engine would last well- the car was very well built. At below £15k they look like a great cruiser for the money.
     
  19. angelis

    angelis F1 Veteran
    Rossa Subscribed Owner

    Jun 18, 2004
    6,330
    London, England
    Full Name:
    Sy
    Did you have Nikasil problems with the engine?
     
  20. Ade

    Ade Formula 3

    Jan 31, 2004
    2,095
    UK
    I stick my tougue out at you.

    I decided NOT to sell....soooo there. :D
     
  21. steve f

    steve f F1 World Champ

    Mar 15, 2004
    12,030
    12cylinder town
    Full Name:
    steve
    if it dont sell its to expensive
     
  22. stevep

    stevep F1 Veteran

    Jan 19, 2004
    8,330
    Geordie Land
    Full Name:
    steve
    most sensible post of the day
     
  23. steve f

    steve f F1 World Champ

    Mar 15, 2004
    12,030
    12cylinder town
    Full Name:
    steve
    stop trying to creep round me
     
  24. stevep

    stevep F1 Veteran

    Jan 19, 2004
    8,330
    Geordie Land
    Full Name:
    steve
    that would be hard, its about a 6 mile circumference
     
  25. Ravi355

    Ravi355 Karting

    Feb 20, 2005
    182
    In the Country
    Full Name:
    Ravi
    Stick on sor with an independant you get the best of all worlds then and you haven't got to deal with test pilots or get a kick in the nuts by selling it direct to a trader.
     
  26. burriana

    burriana Formula 3

    Jul 8, 2004
    1,675
    North Yorkshire UK
    Full Name:
    AL
    well, I've just stuck mine on Ebay so we'll see what happens!
     
  27. F328GTS

    F328GTS Formula 3

    Apr 27, 2004
    1,628
    Cambridgeshire, UK
    Full Name:
    Nigel R
    Put mine on the FOC website and had two very positive enquiries, one of which I think will go further.
     
  28. Robertb

    Robertb Formula 3

    Nov 19, 2003
    1,330
    South Oxfordshire, U
    Full Name:
    Robert
    Sold the car to Chris Wood, a trader, yesterday. Took the loss on the chin, but the car was shedding value faster than a Paris 2012 T shirt.

    So there you go, the end of an era of Ferrari ownership for me. At least I have my 993 to console me...
     

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