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Beware Car Buying Firms, especially moneyforyourmotors

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Might be something which other members have had experience of, but this was my first encounter:

 

I've been struggling to sell my 2009 1.8TSi Elegance: both Autotrader and Glass's Guide suggested a price of over £5000;  I pitched it well under that but was still getting zero interest.

 

Just to be sure I had the bottom line covered, I got a quote from several national car-buying firms, one of which - moneyforyourmotors - offered £3950, much more than any of the others.  As I was desperate for a quick sale, I invited them round and their valuer, Steve - a nice guy, by the way - spent nearly an hour poring over the vehicle.

 

His conclusion:

  • The alloys needed refurbing (actually only one does)
  • There was a small scratch on the door which had been well painted
  • The bonnet had been resprayed (very well) at some point in the past

 

So, based on this, what was the price?  Remember the starting offer was £3950.

 

£3107.

 

I find it scandalous that they:

  • floated an offer which they had no intention whatever of honouring
  • dropped the price by £850 for work which would cost maximum £240 (if we accept that ALL the alloys needed refurbishing)
  • failed to respect that this was a 6-yr-old car, in thoroughly excellent condition for its age

 

After what I've heard previously of these companies, I was expecting a lower valuation and was prepared - reluctantly - to accept £3750.  The scale of their iniquity still came as a shock.

 

I urge all members to steer well clear of this bunch of scheissters.

Edited by 101delMotions

They are doing what all of us, as witnessed by the many threads on this site bear testimony to. Get a good deal. They are trying to run a business. If you were the private customer buying your car, you would spot the marks on the paint and wheel and make a counter offer. They aren't criminals stealing your car, they've simply made a cheeky offer, something which most of the people on this site would applaud, ref the many "Stealers" comments and bartering at the same "Stealers" using quotes from Drive the Deal etc.

  • Author

They are doing what all of us, as witnessed by the many threads on this site bear testimony to. Get a good deal. They are trying to run a business. If you were the private customer buying your car, you would spot the marks on the paint and wheel and make a counter offer. They aren't criminals stealing your car, they've simply made a cheeky offer, something which most of the people on this site would applaud, ref the many "Stealers" comments and bartering at the same "Stealers" using quotes from Drive the Deal etc.

 

It's the GAP - dropping by £850 isn't "cheeky".

It's their choice and maybe their loss. Hopefully you will achieve a sale at a price acceptable to you.

You can haggle with these people, at the end of the day they want your car as much as you want to sell it.

If you say the remedial work is only £240 then maybe spend that if you think that will get you the extra £610.

Doubtful it would though.

  • Author

Gone now.  Sold it for £3700 privately today.

They are running a business, standard practice to talk your car down unless it's going in part ex in the dealers where it's hidden in the profit of new car

When I bought our Superb from a Skoda dealer I offered £1200 below his price and got it for £1000 below in the end. It is 2 parties having to agree on a compromise.

They'll just put it in auction with a mark up

reading several threads with 1.8 tsi troubles, not surprised why Your advert didn't attracted so much attention:-) however I'm in the same boat, I wish I could get my for such a bargain price :-)

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