Why spend £15k on a QP worth less than £10k?

[Silvercat]

Sadly I suspect the dealer selling the 'Golf R' will have no interest in retailing your QPV so will look for a trader to underwrite it and then it will be a really low number, probably half what you want. I hope I am wrong but that's my experience.

I have found a couple of dealers who will part ex any car. So long as trade in value is reasonable then in theory it could work although it would be a risk.
I have already been offered a price by one Maserati dealership who has offered a purchase price within £2k of my current price. However, given that I have already dropped the price by £5k since summer I am not inclined to take another £2k hit. So still mulling over the options.

 

[gb-gta]

I actually thought about buying a popular second hand car which I know will sell well, for around the £18-20k price point and part ex the QP against this car at around £15-16k. Then I would look to 'flip' the more popular car eg. Golf R / GTI or similar, within a month for the same price I bought it for. This might be away of circumventing the fact that no one wants to buy a QP, and realising the cash. Call it 'car laundering' if you like and would resolve the current block. So still thinking about this as a possible plan B.

I fear this method will mean you lose on 2 cars! You get a low trade bid for the QP and another low trade bid for the popular car too, probably 14-15k on your 18-20k purchase. There aren’t many people who will buy a 20k car off your drive these days. Plus if you get a GTI/R golf you may have to let that go for free to a 16 year old, or get stabbed in your pj’s in the middle of the night.

For a laugh, I asked for a trade in value of my guilietta cloverleaf daily (the 235bhp one) against a 20k plus car the wife wants. The offer was 2750, cheapest on AT is 4999, with no discount on their overpriced car. Current trade bids are quite low as you know. You’ll just have to keep it!

 

[rockits]

I'd take the hit if you want it gone as Plan B doesn't sound good. I wouldn't say a Golf of any description would be a good car to try Plan B on either. There are just too many of them and the lease deals hit the 2nd hand values. You also have no control over a sudden influx of cars at way under your buy price.

Which ever way you cut it as straight sale, Plan B or chop it in for something else it is going to hurt. Just take the medicine and forget about it. There is no way to work around it IMHO you just risk digging a bigger hole.

Or keep it and enjoy it then forget about the pain.

 

[Silvercat]

I'd take the hit if you want it gone as Plan B doesn't sound good. I wouldn't say a Golf of any description would be a good car to try Plan B on either. There are just too many of them and the lease deals hit the 2nd hand values. You also have no control over a sudden influx of cars at way under your buy price.

Which ever way you cut it as straight sale, Plan B or chop it in for something else it is going to hurt. Just take the medicine and forget about it. There is no way to work around it IMHO you just risk digging a bigger hole.
So maybe I do break it down for spares aftersll and make a killing out of selling the parts.

Or keep it and enjoy it then forget about the pain.

Or maybe I just break it down for spares and make a killing in the aftermarket. Would be a great shame to do this but maybe thats the only way to make some real value out of this machine.

 

[Silvercat]

I fear this method will mean you lose on 2 cars! You get a low trade bid for the QP and another low trade bid for the popular car too, probably 14-15k on your 18-20k purchase. There aren’t many people who will buy a 20k car off your drive these days. Plus if you get a GTI/R golf you may have to let that go for free to a 16 year old, or get stabbed in your pj’s in the middle of the night.

For a laugh, I asked for a trade in value of my guilietta cloverleaf daily (the 235bhp one) against a 20k plus car the wife wants. The offer was 2750, cheapest on AT is 4999, with no discount on their overpriced car. Current trade bids are quite low as you know. You’ll just have to keep it!

Well I've already been offered £15k against an already significantly reduced price of £16,950 which I have turned down twice now. The QP market is certainly very fickle right now and it doesnt bode well for anyone who has a QP today and who is looking to sell. It is without doubt a seriously lovely machine but sadly the market just doesnt recognise this. Maybe I will keep it for 20 years and sell it when it becomes a classic by which time I will be in my 70's.

 

[Lozzer]

Or maybe I just break it down for spares and make a killing in the aftermarket. Would be a great shame to do this but maybe thats the only way to make some real value out of this machine.

Give over man

 

[Silvercat]

Give over man

 

[Silvercat]

If I kept it 20 years it would probably be worth double the price compared with now

 

[rockits]

Well I've already been offered £15k against an already significantly reduced price of £16,950 which I have turned down twice now. The QP market is certainly very fickle right now and it doesnt bode well for anyone who has a QP today and who is looking to sell. It is without doubt a seriously lovely machine but sadly the market just doesnt recognise this. Maybe I will keep it for 20 years and sell it when it becomes a classic by which time I will be in my 70's.

Maybe go back to the £15k person and give them a final counter of £16k. Job done

 

[Lavazza]

Having spent the last 6 months trying to sell (virtually giving away on price) a really fine example of a 2009 QP 4.7S with all the right supporting paperwork, service history, MoT, ceramic pro 9h coated, subframe treated with Dynatrol etc...etc.. I have now reluctantly concluded that there is no market for these kind of QP's today, unless of course its a GTS.
So rather than give it away, I have decided that come the end of January l will be taking the QP off the market and will be looking to enjoy it again, driving around the stunning landscape of Cumbria and the Lake District. ( Lozzer watch out!)

Actually I'm secretly looking forward to it..... but I can't tell the missus that!

If you want to meet up for some drives, feel free to drop me a PM. I live in the Lake District National Park. Happy to advise on places to stay, eat or visit.

 

[Silvercat]

If you want to meet up for some drives, feel free to drop me a PM. I live in the Lake District National Park. Happy to advise on places to stay, eat or visit.

I live just the other side of the M6 in the Upper Eden Valley. So just 40 minutes from Windermere. When I reclaim my QP from 'Shiltech' end January I will give you a shout.

 

[Silvercat]

Maybe go back to the £15k person and give them a final counter of £16k. Job done

Yep done that but its amazing how many people interested in the QP say that they only have £15k tops to spend.

 

[rockits]

Yep done that but its amazing how many people interested in the QP say that they only have £15k tops to spend.

I kind of understand a little as it is a common tactic I have used often when buying a car. I decide what I think it is worth to me and put an offer on the table there and then for that exact price. A kind of first and final best offer. If it is accepted then great but if not I walk away. I don't offer a penny more. If they come back in a month or longer and offer an improved price if it is a penny more than my original I still say no and walk away.

I have had people come back to me after several months and then said I'll accept your deal. In some cases it has been so long I have thought about it and revised my offer to a lower price. Not being an **** but because genuinely I have felt the market moved and the price needed to change.

Some people get naive, unrealistic and the wrong side of the market and are always chasing the market south but always just the wrong side. This is not you btw but many in the marketplace do exist like this. Many in the trade are having the same issues as well so the trade is far from immune and many are losing lots of cash on over stock at the moment.

For the record I think your car and price is pretty good it is just the market isn't full of punters lining up to buy these kind of cars at the moment.

Yes, I think Brexit has not helped one iota but it was happening anyway as the car market has and is changing forever. Will confidence improve once Brexit is done? Maybe....maybe not....who knows. One thing is for sure.... I'm not sure it can get too much worse! If it does I'll be buying more cars

 

[zagatoes30]

The market for cars in generally is tight, just look at the classic car market cars either sell a good 15-20% down to what there were the a year or so back or they are no sales. There are the odd exceptions but it certainly is a buyers market. I am looking to buy a MGB and / or a Moggy Minor Traveller once the garage is built and currently I can get reasonable versions of both for under £5k whereas 18 mths ago I was looking at £7k and above. New cars are impacted by the amount of lease cars around, the deals over the last few years have been silly just to drive turnover and now these cars flood the market impacting values. Luxury cars suffer worse especially those with perceived high maintenance costs.

The only option I can see to reduce the impact is reduce your buy price. Andys BMW cost me £950 just over 12 months ago, a service, wishbones & brakes all round stand me at about £1k but over here I can sell it for €1300 so well under a grand for 9k miles. Assuming no new big issues this year will be cheaper. The RR has just had services for the last 2 years, other than suspension bags which were covered by the end of the warranty, OK it has depreciated a bit more but if I sold it now I would get €17k which is about £5k less than over 3 years.

I would love a QP V and it is a great time to buy but concern about being able to selling the future plus the Irish revenue make if not viable.

 

[Contigo]

The problem now with QPV is they are getting to an age where they will start to cost you money and throw in rotten subframes and they become a headache. Once a dealer is "bitten" by one then they won't touch them unless dirt cheap. Ask Dicky about his 3200 buying experiences and how he treats them now......

 

[Motorsport3]

Yep done that but its amazing how many people interested in the QP say that they only have £15k tops to spend.

That is what i don't understand whatsoever. These are the definition of cars that you'd better buy condition and not chase the absolute lowest price.

 

[rockits]

That is what i don't understand whatsoever. These are the definition of cars that you'd better buy condition and not chase the absolute lowest price.

I prefer to try to do both

 

[Motorsport3]

Yep it was 'Ceramic Pro' in Failsworth, Manchester. Cost me £1000 but that included polishing out the swirls and cobwebs on the paint surface and then treating the paintwork with 2 layers of Ceramic Pro 9h which included the wheels and brake calipers. So looks the business and transformed a pretty good looking car for its age into a 'nearly new' finish. It also provides long term protection to road salt, mud, general road dirt, UV discoloration etc etc...So although it sounds a lot of money, I think its worth it. They had the car for a week to get it to the very best finish possible. Worth checking out. Ceramic Pro operate a number of franchises around the UK so there is probably one close to you.

I guess it takes more than a full day of labour to do it? It is a large car in the end. I've done my subframes a couple of years ago and thinking of the visual aspect of the car. But i also have about 3 small dings around in panels that not sure what to do about and if there are any smart solutions.

 

[Motorsport3]

I prefer to try to do both

That is understandble, then again depending how rare or bespoke is the car you are after. A car in the right colour combo should be the winner, as people some times go beyond the broadly acceptable when they spec these new.

 

[rockits]

I do agree and although I'm fairly passionate about my cars they are a hunk of material metal at the end of the day.

If I were loaded I think I would be fussy to the enth degree. However I'm not so will continue to try to get the best cars I can for the best prices I can while making an odd compromise along the way.

I will always try to buy a car, spec, colour that I feel I could sell easily enough if I ever needed to. Also if the buy price was keen it allows me to sell on price if I needed to as well Sometimes the wrong car will not sell at any price unless it is.sill silly cheap.

There is a Grigio Nuvolari QPV for £7995 now that must have been for sale for 3 years. It is low mileage as well but rough and just isn't selling even at £8k.