How to sell my TT - trade or private!?!?
02-14-2015, 07:16 PM
#16
I'm looking to pick up an M4 for DD duty and thought it would be good research to see what the dealer would give me on the Porsche (the two dealers are owned by the same company).
Blackbook is $107k, NADA is $109k, Blue book is $104k. There were two auctions in the past month that went for $95k -- but both cars were 2011 and had in excess of 30,000 miles. Car has 11k on the clock, is a 2012 TTS, aqua blue metallic / titanium blue/black interior, and has the aero kit factory installed ($176k MSRP when new). Still under factory warranty.
First offer was $95k, as expected. Right at the auction price that two cars went through, even though they were not comparable.
I recommend private party. If I negotiated more, not sure where we would get. Tax credit would be worth about $5k here in AZ.
Good luck with your sale. UK is obviously different than here in the states.
Blackbook is $107k, NADA is $109k, Blue book is $104k. There were two auctions in the past month that went for $95k -- but both cars were 2011 and had in excess of 30,000 miles. Car has 11k on the clock, is a 2012 TTS, aqua blue metallic / titanium blue/black interior, and has the aero kit factory installed ($176k MSRP when new). Still under factory warranty.
First offer was $95k, as expected. Right at the auction price that two cars went through, even though they were not comparable.
I recommend private party. If I negotiated more, not sure where we would get. Tax credit would be worth about $5k here in AZ.
Good luck with your sale. UK is obviously different than here in the states.
02-14-2015, 07:36 PM
#17
Rennlist Member
Great question, gotta talk to the buyer, keep your spidey senses alert, anything weird back out.
I have the buyer wire the money directly to my secondary ck account, when my pvt banker gives me the green light I transfer the money to my primary account and complete the deal.
I'd highly suggest anybody on the turbo forum utilize private banking services, they can often set up a one time use checking account to receive wires, because crooks have ways to reverse the payment...
I have the buyer wire the money directly to my secondary ck account, when my pvt banker gives me the green light I transfer the money to my primary account and complete the deal.
I'd highly suggest anybody on the turbo forum utilize private banking services, they can often set up a one time use checking account to receive wires, because crooks have ways to reverse the payment...
And yes I'll be ordering the "S" version.
Again thanks for the advice.
Jay
02-14-2015, 07:43 PM
#18
Rennlist Member
For a wire transfer, once the seller's--the recipient's--bank has accepted the payment order, the transaction cannot be reversed. However, if the bank from which the payment originates sends a cancellation notice to the recipient's bank before the recipient's bank has accepted the payment order, the transaction can be cancelled.
After the recipient's bank has accepted the payment order, the originating bank cannot access the seller's bank account to reverse the transaction.
I sent a 964 Turbo to Europe recently, and the monetary transaction was completed without issue by wire transfer. I've accepted payment by wire transfer and by bank check on other 911s as well. A seller should be sure to use his or her own bill of sale which identifies specifically the conditions to which the buyer and the seller have agreed (don't use the buyer's bill of sale), and should not release the car or any of its supporting documents (e.g., the vehicle title) until he or she has been paid in full for the car.
After the recipient's bank has accepted the payment order, the originating bank cannot access the seller's bank account to reverse the transaction.
I sent a 964 Turbo to Europe recently, and the monetary transaction was completed without issue by wire transfer. I've accepted payment by wire transfer and by bank check on other 911s as well. A seller should be sure to use his or her own bill of sale which identifies specifically the conditions to which the buyer and the seller have agreed (don't use the buyer's bill of sale), and should not release the car or any of its supporting documents (e.g., the vehicle title) until he or she has been paid in full for the car.
Are there web sites that I can down load and print a standard bill of sale that would cover me legally? If so can you suggest a site? Thanks.
I guess these are the pitfalls one can avoid by just trading the car in.
Jay
02-14-2015, 08:07 PM
#19
Race Director
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For a wire transfer, once the seller's--the recipient's--bank has accepted the payment order, the transaction cannot be reversed. However, if the bank from which the payment originates sends a cancellation notice to the recipient's bank before the recipient's bank has accepted the payment order, the transaction can be cancelled. After the recipient's bank has accepted the payment order, the originating bank cannot access the seller's bank account to reverse the transaction. I sent a 964 Turbo to Europe recently, and the monetary transaction was completed without issue by wire transfer. I've accepted payment by wire transfer and by bank check on other 911s as well. A seller should be sure to use his or her own bill of sale which identifies specifically the conditions to which the buyer and the seller have agreed (don't use the buyer's bill of sale), and should not release the car or any of its supporting documents (e.g., the vehicle title) until he or she has been paid in full for the car.
C
02-14-2015, 10:05 PM
#20
Racer
I have never had issues with a wire transfer--or, for that matter, with a bank check. Nevertheless, I have never transferred, nor will I ever transfer, ownership of a car until the payment process has been completed.
02-14-2015, 10:15 PM
#21
Racer
If there are pitfalls to the private sale, they're very minor, in my estimation. And trade-in value is typically lower than private sale value.