Buying a car with outstanding finance

rousetafarian

Has the deal been concluded @Shooter1 ?

tich77

NIgel, dont get me wrong, think we are both on the same hymn sheet - neither of us would touch this with a barge pole, but my concern is the buyer is so focussed on getting his dream car he is blind to the very real potential issues that can cause him so much grief; as evidenced by his changes in what he is going to do.

I'm the first to admit that I've occasionally over-paid for something on ebay, for example; too focussed on wanting the item that I've over-bid, and kicked myself afterwards. Woudl hate to see the OP come a cropper.

IronGiant

The simplest way to do the maths would be if the seller pays shooter £800 and shooter pays the finance company £7800.  Somehow I doubt the seller would agree to do that though

pinnocchio

That's why sniping is such an effective tool.

You decide what you're willing to pay maximum and bid ONLY that amount about 3-4 seconds from the end of the auction.

If you win you're happy, if you win and paid less then your maximum bid you're very happy, if you're outbid at the end you don't give yourself time to get 'excited' and overbid so you should still be happy.

The trick is deciding what your maximum bid is very objectively BEFORE it's even 5 minutes before the auction ends, that way you don't sucker yourself into over bidding.

You should also not bid until that 3-4 seconds from the end as the ONLY bid that means anything is the one at the end and all bids before that just give other bidders information for them to act against you.

I've won some crazy stuff on E-Bay using this technique, often when sellers do not adequately describe the item they're selling (either leaving out the brand name from the description or putting it into the wrong category).  I think my two best were a £1200 watch that I paid £72 for (seller misspelled the makers name) and a overnight bivvy/bedroll where the seller had put the product name, but not the makers brand name so I picked up a £450 specialist bedroll for under £100.

of course YMMV.

tich77

@pinnocchio

Aye, totally agree. Especially with mis-spelt items. OTOH, I also look for buy-it-now and make-an-offer to stop my impulse bidding

hippo99

tich77

yes ye, I know.... want to see me when I do have a lot to add? Give me a call when you have insomnia

leamspaceman

Nice work @nheather...

NorvernRob

I frequent a few enthusiast pages on FB and it’s a regular thing. WBAC, dealer etc offer say £6800, seller is picking their new car up in a week or so, and offers it up at a price just above the trade value. It makes no difference to them if it doesn’t sell, but if it does they end up with a bit more money.

  I absolutely agree with what you’re saying about it not being worth the hassle, but I’ve seen it regularly enough from car club members that it’s a genuine thing people do.

leamspaceman

I don't see any evidence of anyone taking it personally or being "emotionally invested" in what the OP does or doesn't do?

There is most definitely a thread of confirmation bias running through the OP's comments though which I referred to previously.

Pointing that out hopefully makes the OP aware of their own bias and possibly their lack of clarity probably created by their OWN emotional investment in the process.

It's perfectly acceptable for members to be honest with thoughts and opinions when they see the potential for a fellow member to be conned out of thousands of pounds. Nobody wants to see that.

Ultimately the OP makes the decision, however, they have asked for advice and some respond more fervently than others.