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Stuno1

All evora for sale are at dealers?

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Just wondering if there is a reason all the cars for sale are with dealers?

Stu

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I'd imagine that since the cars are holding their values well, the dealers can offer a good price which is pretty much similar to what a private sale would bring but without the hassle for owners. As a proportion, not many Evoras have been sold privately I'm sure.

 

We've only 1 private sale from 15 listed here - http://www.lotusforsale.com/ad-category/cars/evora/

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Also their SOR fees are attractive, so not worth selling privately.

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Sale or return.

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I know three ex-owners who tried to sell privately and struggled, then agreed a deal with Murrays and they sold almost immediately. 

 

To my mind £30k is finance money and with it being such a specialist car people want the reassurance of a dealer back up. 

Edited by LazyDonkey

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Wonder what dealers are buying for price wise with no p/x? Appreciate dealer purchase if tnere is warranty offered.

Also, extended warranty (non main dealer) is usually pants. 30k is cash for some. Dealer is not always vfm I don't think.

Is there much price wiggle room for cash purchase from a dealer?

Stu

Edited by Stuno1

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More chance on finance as they get a kick back from the finance company. Cash probably costs them money to bank! 

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Evora don't seem to need a lot of money pumped into them prior to sale, so assuming you know the car from servicing it i'd guess dealers can offer a good price and still make good margin. 

 

I know murrays shift loads of them

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Used cars pretty much sell at the same price through dealers as owners sell privately as, lets face it, Owners are clued up these days to the values of their cars. And like the guys say above, dealers are happy to sell a car on behalf of an owner on Sale or Return. After costs and Warranty the dealer is happy to make £1000 to 1500 as he has no outlay and covers his butt on return issues with the Warranty. Plus he'll probably get the servicing/parts when it comes due.

 

Frankly, as a professional buyer, I wouldn't buy a £5000 car off a private seller, yet alone a £30k car! I want the back up and someone who knows their responsibility should there be an issue!

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I can understand your thinking but if a private sale has manufacturers warranty, FSH etc I see no reason why not BUT appreciate dealer offers come back if required.

Stuart

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Just look at how long the saxon 4x4 car has been for sale.... If that doesn't tell you how fickle the evora market is I don't know what does.

It could be a cracker but no one has touched it when other more expensive cars have been sold by lotus dealers quire happily.

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I always assumed a dealer would prefer cash in the bank than a finance deal so there would be greater negotiating ability on the buyers side.

Stu

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Exactly the opposite mate :)

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Hmmmm. Better for the buyer as once a dealer has knocked off a token amount and fiance interst added full cash purchase must always be cheaper for the buyer.

Stu

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its a fallacy that cash is god in this day and age.Motor dealers taking over 15,000 in cash come under money laundering rules + the banks will charge them for paying it in  + they have to large sums of money on their premises until they can "safely" get to the bank .Finance deals much better for them in more ways than one.

A private seller is also taking a risk in taking that sort of cash and even a bankers draft is not as secure as it used to be 

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I guess I'll explore the options in more detail closer to the time. I'd rather not go the finance route but will see what the deals on offer are.

Thanks for everyone's input.

Stu

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Has nobody on here ever heard of BACS, CHAPS and FPS. There really is no need for cash in this day and age as transfers can be virtually instant for a fee. Any dealer worth their salt would be happy to receive money this way.

 

This does tend to still be referred to as 'cash'. Dealers can make good money on finance but it depends on the finance house and what they are prepared to put into the deal. Often there will be 2 or 3 options for a company offering finance with variable rates for the customer depending on what the company want to offer and how much they want to pay or receive in consideration. As an example a customer may be offered 10% interest where the dealer gets a rebate, 5% interest where the dealer gets very little or 0% where the dealer actually pays - I've made up the rates but you get the idea.


Always check the finance out - especially on new cars. I bought a car on finance last year where the 'manufacturer deposit contribution' cancelled out the interest on the deal (this was outside the dealer negotiated rebate) meaning the finance was effectively 0%.

 

Oh and a few finance agreements (assuming you meet the repayments) will help your credit rating

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That's why I was wondering what dealers prefer. I guess I'll just wait and see what method of payment would yield the best deal fir me. I made fps payment fit my last car.

Stu

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the way Ive done it in the past was to get the best deal from the dealer was ask for the max on finance......hed give you his best price and discount....probably throw you other stuff in to.....

then 6 weeks down the line....pay it off......

 

just done that with the evora......

50% deposit........50% finance........

good deal and discount........

and then I paid off the finance after 4 weeks (they got one payment from the standing order)

 

just my ploy

  • Like 1

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And that worked out cheaper than cash purchase? Assume there are early repayment clauses as well?

Stu

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he knocked the best part of £2500 off the price.......

added a 2 year warranty......

6 months tax

refurbed all the alloys

on top of the full service and all the dealer std's

and the early repayment was a couple of hundred quid I reckon

 

so I reckon I saved about £2k

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Boom! Nice work. That's definatelt an option then. Thanks for your input.

Stu

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Always look out for the finance option.

 

I buy a lot of Peugeots (not the same as a Lotus I know but a good example). So you can buy a new 208 Active 1.2 5dr at £12800. Or, put 20% down and have 36 months Interest free (that option was last year special offer) Or you do what I did for my brother £1500 deposit and 36 months at £140 a month........yes that's an actual figure for a brand new car.....

 

Or....you can do Peugeot "Just add fuel" at a headline rate of £1000 deposit and £169.00 a month....which includes Servicing, RFL, insurance. All you do is add fuel.

 

But back to Lotus Evora....there are always offers out there that will be better than cash. 

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