Buying New, Selling Old

[Gareth]

It's probably time to get a new car.

I've loved my GS to pieces, but I like to keep a newer car.

I was going to hold out for the new GS, but I've had several new lexus in a row now, and more tempted to try something different. (I've been testing the audi a6, and it's not too bad).

My PCP finance is up, and the part-ex price offered for the car by dealers is roughly the same as the outstanding loan.

Valuations tell me that if I sell it privately, I should be able to get around 5k equity out of it.

But now I hit the crux of my post: If I'm buying a new car, it's going to take 6-8 weeks to actually get from the factory.

If I delay putting my car up for sale until the fortnight before, then if it doesn't sell quickly I'd get caught out.

If I sell earlier, I have to rent another car, or make do another way, for the gap.

Is there anything I'm missing?

I guess what I need to do is test the water somewhat, and see if there's a healthy appetite for it at the price I'm looking for, right?

Any other advice?

Thanks

Gareth

[wendle]

Hi Gareth,

I am in the same sort of pediment as you, I have actually ordered a new GS when it is released in this country, around June I think, should no more by the end of this month.

I am going to try and sell mine privately, I am going to advertise mine on hear around 6 -8 weeks before the new car is ready, stating that the car will be available in 6 weeks time, I would think this is a good idea as it gives the buyer the chance to sell there car, arrange finance ect, If it doesn’t sell I will put it on “fleebay” as a last and final result just before I end up px it.

Chris

[Gareth]

wendle,

Thanks. I've had exactly the same thoughts. I'l put it on autotrader in March, and then if it hasn't sold I can decide mid-april whether to give it back to Lexus.

Ordered the new audi yesterday, so I'm committed either way.

Now I just need to put it out of my mind for a few months, really!

Hope you enjoy the new GS. I was tempted to wait myself, but I fancied a change of brand after several lexus.

Gareth

[Gareth]

Wendle,

I did also mean to ask: When you say "advertise on here" - do you mean in the buy/sell classified at the top of the site?

[Gareth]

Wendle,

I did also mean to ask: When you say "advertise on here" - do you mean in the buy/sell classified at the top of the site?

[wendle]

Yes in the classified section on this site, I would really like it to go to someone who will really look after it like I have.

[Gareth]

Placed my order for the new audi today.

So some time in March/April I'll be selling my GS - I'll put it on here first, I guess.

Thanks guys

Gareth

[Gareth]

Audi did me a favour, and brought the delivery date for my new car forward by 3 weeks.

That's great, because it means my new car arrives before my hand-back date on the GS.

So I've put the GS on autotrader now, and I'll see how it goes over the next few weeks.

Very happy with the audi service experience so far, but I haven't *got* the car yet!

Can't wait for: Automatic parking, LED lights, ACC/lane keeping, etc!