Part Ex Or Private Sale

[chrissa1]

I've just agreed to buy a secondhand Corsa. My old Y reg Subaru is not worth much and the dealer has offered me £200 for it.

If I perhaps, privately sold it, I might get £400.

I pick my new car up on Saturday and am arranging insurance with my current insurers, Saga. My question is, if I decide to keep my old car and sell it privately, do I have to keep it insured until I sell it?

It all sounds a bit of a hassle really and, it would make my life easier if I accepted the £200 from the dealer.

What do you good folk, think?

[murraymints]

I think it would have to be officially declared off the road and garaged

[chrissa1]

I must add that the Subaru is insured with Saga until November. Would they give me a refund when I Did sell it?

[murraymints]

yes they would reimburse pro rata I think

[bhg481]

Won't you be transferring the insurance to the new car?

It's a long time since I changed my car but my insurance company was happy to insure both cars for a couple of weeks either free or a nominal sum.

[hc4361]

The dealer will either scrap it off or auction it, a hassle he can do without.
How much will he knock off the price of the Corsa if you don't P/e?

[gingejbee]

Personally...I would accept the dealer offer (you don't know when it might sell otherwise), keep it insured with Saga until you swap cars and they will simply make an adjustment on the premium...you'll be paying more and that will take you back to November renewal.

[chrissa1]

My son said that I should sell it privately and so we left it at that. I'm just thinking that if I rang the chap up tomorrow and ask him if he would take it off my hands, he would knock it off the price of the new car. Or give me cash.

Is that possible do you think?

[chrissa1]

Oh, sorry hc. He won't knock anything off the sale price as he's already knocked £50 because my son pushed him.

The dealer is an honest chap and his reputation is very good around here.

[bhg481]

If you get it to him before the end of the month you'll get an extra month's tax returned from DVLA.

[tamborine]

As long as the vehicle is kept off road, it can be sold without tax etc. The buyer can drive it to a pre-arranged MOT centre legally & arrange tax, insurance then.

Buyer must provide proof of appointment if police ask.

[chrissa1]

It's MOT'd until November.

[bhg481]

The problem arises, tamborine, if a potential buyer wants a test drive.

[bhg481]

He could still arrange an MoT - that's the only way he can legally get it home with no tax, as the tax will expire as soon as he buys it; your house to arranged Mot, MoT garage to home (he'll still need insurance).

[chrissa1]

So are you all saying that even though it has an MOT that doesn't expire until November, the new owner will ha e to get it MOT'd again?

[bhg481]

No, he won't HAVE to get it MoTd but it's a cunning way to get it home legally. Under the new rules, the minute he buys it from you the road tax expires, so he cannot drive it home. You are allowed to drive a car with no RFL if it's going for an Mot, so he can book an Mot, drive it there and then back home with no RFL, although he still needs to insure it.

[gingejbee]

....as I said, much easier to let the dealer have it (i'm all for an easy life!)

[TWR]

Sell it Private & make sure if there are any faults, tell the buyer, also bought as seen, If selling the buyer to provide his / her own Insurance cover for the trial, If it's a matter of a week I would not SORN, it's too much messing about with the V5, regards the MOT, the can does not need one as it already has one.

[Mamyalynne]

Chrissa - your son thinks you should sell it, let him have the job.

Even in the bargain basement buyers can be picky, fail to keep appointments and have unrealistic ideas.

[chrissa1]

Thanks all.

That's it. It's far too complicated to sell it myself. I'm going to ring the dealer in the morning.

[chrissa1]

Hmm, mama. I guess I could. The little monkey would want a cut though. Lol.