Easiest way to sell a car

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zyo

513 posts

Ultimate Geek

#255933 7-Sep-2019 10:20

I have taken a inner city job and the family no longer needed two cars.

I have a santa Fe 7 seater and a Nissan qashqai ti 2015 and I would like to get rid of the qashqai (still in extended warranty)

What would be easiest/no stress way of selling it? I understand trademe is one option but both of us are working full time and with young kids, I am not sure if we can accommodate people test drive etc

Any recommendations? We are in akl

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611 posts

Ultimate Geek

#2312145 7-Sep-2019 10:55

I'd start by taking it to Turners and getting a valuation done. You can either sell it to them for cash, or see what it goes for at auction.

Check out what they typically go for via https://www.turners.co.nz/Vehicle-Sale-Price-History/ too.

Scott3

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#2312228 7-Sep-2019 12:21

Turners cash now service would be the easyist way. They do take a decent margin (about 20% of what they think it will fetch at auction).

Otherwise you can use the services of one of the park & sell yards that arrange viewings etc, and broker the sale on your behalf. You can advertise on trademe (or run an auction), and direct people who want to view to the yard if you like.

A decent number of used car yards will also sell cars on your behalf.

sbiddle

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#2312240 7-Sep-2019 12:59

Turners is certainly the easiest option, but it's something better suited to low value vehicles rather than something new. Basically walk in, let them look at the vehicle and take it for a test drive and walk away with the $$ if you accept their offer.

lNomNoml

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#2312248 7-Sep-2019 13:30

I'd recommend staying away from Turners, look at independant cash for car places, they usually give much better trades, if you're really not fussed also try the dealers.

zyo

513 posts

Ultimate Geek

#2312491 7-Sep-2019 19:25

Made an appointment with Turners Penrose tmr to do an evaluation. Checked the auction history and qashqai ti seems to be fetching around 22k mark. So if they often something above 20k I might take it.

clevedon

1059 posts

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#2312756 8-Sep-2019 11:10

zyo: Made an appointment with Turners Penrose tmr to do an evaluation. Checked the auction history and qashqai ti seems to be fetching around 22k mark. So if they often something above 20k I might take it.

If the're fetching around $22k at auction, Turners would probably only give you 17 or 18k. I imagine they would want to be making at least 20%.

zyo

513 posts

Ultimate Geek

#2313129 8-Sep-2019 17:18

Turner offered me 17k. And their appraisal is around 22k to 23k.
What a rip off.

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Batman

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#2313132 8-Sep-2019 17:28

zyo: I have taken a inner city job and the family no longer needed two cars.

I have a santa Fe 7 seater and a Nissan qashqai ti 2015 and I would like to get rid of the qashqai (still in extended warranty)

What would be easiest/no stress way of selling it? I understand trademe is one option but both of us are working full time and with young kids, I am not sure if we can accommodate people test drive etc

Any recommendations? We are in akl

The easiest is to take it to a nissan dealer and they will sell it for a fat commission.

I am not saying you sell it to the dealer, you don't usually get much for it.

Batman

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#2313133 8-Sep-2019 17:31

zyo: Turner offered me 17k. And their appraisal is around 22k to 23k.
What a rip off.

Trademe ads up.

Trademe is good for popular stuff - like toyota corollas and the latest iphone. For less popular stuff sometimes the only buyers are those looking for rock bottom bargains.

So if you find your cashcow attracting only low balls, try the dealer method but even then YMMV as it's not like it's a BMW M3 - the dealer has no obligation to promote your car over their stock.

clevedon

1059 posts

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#2313136 8-Sep-2019 17:44

zyo: Turner offered me 17k. And their appraisal is around 22k to 23k.
What a rip off.

Trademe ads up.

You asked for the easiest way to sell a car, and a trade in or Turners etc IS he easiest - it's not the best way to maximise to get the best price. You have to do the selling to get that.

Turners and dealers have high overheads eg leases, storage, TV advertising, wages etc etc and still have to make a profit after that like any business, but they rely on people that don't want the hassle of doing the selling themselves - ie people potentially like you.

Not a rip off at all. It's business, and a profit margin of 20-25% isn't excessive I believe for the convieniece of selling a vehicle with no effort on behalf of the seller.

I wouldn't use that method to sell my vehicle either as i think the effort of doing it privately to save that kind of dosh is worth it to me.

zyo

513 posts

Ultimate Geek

#2313158 8-Sep-2019 18:52

clevedon:

zyo: Turner offered me 17k. And their appraisal is around 22k to 23k.
What a rip off.

Trademe ads up.

You asked for the easiest way to sell a car, and a trade in or Turners etc IS he easiest - it's not the best way to maximise to get the best price. You have to do the selling to get that.

Turners and dealers have high overheads eg leases, storage, TV advertising, wages etc etc and still have to make a profit after that like any business, but they rely on people that don't want the hassle of doing the selling themselves - ie people potentially like you.

Not a rip off at all. It's business, and a profit margin of 20-25% isn't excessive I believe for the convieniece of selling a vehicle with no effort on behalf of the seller.

I wouldn't use that method to sell my vehicle either as i think the effort of doing it privately to save that kind of dosh is worth it to me.

At 16k that's a 35%+ margin. I wouldn't have a problem at 20%.

I think they are probably somewhat taking advantage of those who desperately want cash (like payday loans)

But hey, who isn't nowadays?

Handle9

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#2313187 8-Sep-2019 19:11

zyo: Turner offered me 17k. And their appraisal is around 22k to 23k.
What a rip off.

At 16k that's a 35%+ margin. I wouldn't have a problem at 20%.

No it's a 27% margin. Margin and markup are different.

clevedon

1059 posts

Uber Geek

#2313189 8-Sep-2019 19:23

zyo:

clevedon:

zyo: Turner offered me 17k. And their appraisal is around 22k to 23k.
What a rip off.

Trademe ads up.

You asked for the easiest way to sell a car, and a trade in or Turners etc IS he easiest - it's not the best way to maximise to get the best price. You have to do the selling to get that.

Turners and dealers have high overheads eg leases, storage, TV advertising, wages etc etc and still have to make a profit after that like any business, but they rely on people that don't want the hassle of doing the selling themselves - ie people potentially like you.

Not a rip off at all. It's business, and a profit margin of 20-25% isn't excessive I believe for the convieniece of selling a vehicle with no effort on behalf of the seller.

I wouldn't use that method to sell my vehicle either as i think the effort of doing it privately to save that kind of dosh is worth it to me.

At 16k that's a 35%+ margin. I wouldn't have a problem at 20%.

I think they are probably somewhat taking advantage of those who desperately want cash (like payday loans)

But hey, who isn't nowadays?

At $22k appraisal (you have to take worst case scenario) minus 22.5% commission is $17,050 which is half way between what I guessed they would want.

You said "easiest way to sell a car" not that you were desparate. For some people it is just the easiest way - but the least profitable for the initial seller.

zyo

513 posts

Ultimate Geek

#2313191 8-Sep-2019 19:26

Handle9:

zyo: Turner offered me 17k. And their appraisal is around 22k to 23k.
What a rip off.

At 16k that's a 35%+ margin. I wouldn't have a problem at 20%.

No it's a 27% margin. Margin and markup are different.

Ha you are right.

zyo

513 posts

Ultimate Geek

#2313194 8-Sep-2019 19:30

clevedon:

zyo:

clevedon:

zyo: Turner offered me 17k. And their appraisal is around 22k to 23k.
What a rip off.

Trademe ads up.

You asked for the easiest way to sell a car, and a trade in or Turners etc IS he easiest - it's not the best way to maximise to get the best price. You have to do the selling to get that.

Turners and dealers have high overheads eg leases, storage, TV advertising, wages etc etc and still have to make a profit after that like any business, but they rely on people that don't want the hassle of doing the selling themselves - ie people potentially like you.

Not a rip off at all. It's business, and a profit margin of 20-25% isn't excessive I believe for the convieniece of selling a vehicle with no effort on behalf of the seller.

I wouldn't use that method to sell my vehicle either as i think the effort of doing it privately to save that kind of dosh is worth it to me.

At 16k that's a 35%+ margin. I wouldn't have a problem at 20%.

I think they are probably somewhat taking advantage of those who desperately want cash (like payday loans)

But hey, who isn't nowadays?

At $22k appraisal (you have to take worst case scenario) minus 22.5% commission is $17,050 which is half way between what I guessed they would want.

You said "easiest way to sell a car" not that you were desparate. For some people it is just the easiest way - but the least profitable for the initial seller.

I can also take the auction route and they charge around 1.2k if it were sold at 22k, which I think is more reasonable. Cash on hand is definitely quickest, if it were 1-2k difference then I might have accepted the offer.

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