Seat Ibiza - 2010 - 1.4 TDI - Value

discombobulate

Just looking to get a rough idea of the value of a 2010 SEAT Ibiza. 1.4 diesel. Not sure of mileage but i'd say its relatively low (under 30k)

Can't find many of them online to get a good idea of a rough price.

Basically they bought it under hire purchase in 2010. Payments were adjusted to be less last year and they'd like to get rid of the debt if possible. There was 10k left on it then and probably 2k paid since then so i'm presuming it'd be worth more than the 8k or so owed being a low mileage newish diesel.

Damien360

There is one on carzone and it has been there a while assuming not sold. 90 days there at 11,500. Safe to say it ain't worth that so. Seat site says they are about 16k new. 3 year old car could'nt be worth more than 8k, if you are lucky.

carzone one

http://www.carzone.ie/search/SEAT/Ibiza/1.4-I-TD/201240210374708/advert?channel=CARS

discombobulate

Damien360 wrote: »

There is one on carzone and it has been there a while assuming not sold. 90 days there at 11,500. Safe to say it ain't worth that so. Seat site says they are about 16k new. 3 year old car could'nt be worth more than 8k, if you are lucky.

carzone one

http://www.carzone.ie/search/SEAT/Ibiza/1.4-I-TD/201240210374708/advert?channel=CARS

Seen that one. Presumed it was overpriced alright. About 17.5k for the new 1.2 4 door in same spec

bazz26

This one is asking €9500, no photos but it might give them an idea of where to start:


http://cars.donedeal.ie/for-sale/cars/4302462

I'd start a little below that and see what interest they get.

On a side note they need to be up front with any potential buyer regarding the car being financed. A prudent buyer these days will do a history check so it is better to mention it up front to avoid mistrust.

discombobulate

bazz26 wrote: »

This one is asking €9500, no photos but it might give them an idea of where to start:


http://cars.donedeal.ie/for-sale/cars/4302462

I'd start a little below that and see what interest they get.

On a side note they need to be up front with any potential buyer regarding the car being financed. A prudent buyer these days will do a history check so it is better to mention it up front to avoid mistrust.

Thanks. Missed that one. Double the mileage roughly though too.

Of course. I reckon they must be in or around the amount paid off to be eligible for the half rule but if it was worth more than whats owed I might be interested myself to pay it off for them and sell privately giving them the difference to help them out.

ba_barabus

I'd want the car well cheaper than market value before I'd even consider taking a chance on one that has finance outstanding on it.

Maybe that's just me.

Could a cheque be made out directly to the finance company?

discombobulate

ba_barabus wrote: »

I'd want the car well cheaper than market value before I'd even consider taking a chance on one that has finance outstanding on it.

Maybe that's just me.

Could a cheque be made out directly to the finance company?

I'd presume the owner of the car informs the finance company they want to pay off the full amount, the finance company sends an invoice or whatever documentation on how much is outstanding and then a bank transfer or cheque can be paid for the amount outstanding to them.

I remember someone on here recently saying how they bought one with finance owed and that it was fairly simple.

ba_barabus

discombobulate wrote: »

I'd presume the owner of the car informs the finance company they want to pay off the full amount, the finance company sends an invoice or whatever documentation on how much is outstanding and then a bank transfer or cheque can be paid for the amount outstanding to them.

I remember someone on here recently saying how they bought one with finance owed and that it was fairly simple.

Whats to say the money doesn't get paid off and the new owner has the car reposed and is left out of pocket.

It's happened many times before. I'm not saying this seller would do such a thing but it would be a massive NO-NO for me.

It's a situation I'd avoid like the plague.

discombobulate

ba_barabus wrote: »

Whats to say the money doesn't get paid off and the new owner has the car reposed and is left out of pocket.

It's happened many times before. I'm not saying this seller would do such a thing but it would be a massive NO-NO for me.

It's a situation I'd avoid like the plague.

The buyer could just get a bank draft made out to the finance company and give that as payment. Or go into the bank with the seller and make the bank transfer to the finance company.

ba_barabus

discombobulate wrote: »

The buyer could just get a bank draft made out to the finance company and give that as payment. Or go into the bank with the seller and make the bank transfer to the finance company.

As said in my first post I asked if that could be done to avoid hassle.

It would just put me off buying a car with finance owing on it unless it was attractively cheap. Other may disagree but it would turn me off straight away.

discombobulate

ba_barabus wrote: »

As said in my first post I asked if that could be done to avoid hassle.

It would just put me off buying a car with finance owing on it unless it was attractively cheap. Other may disagree but it would turn me off straight away.

I wouldnt disagree myself about wanting a discount. I think the fact that people would be afraid is a benefit to a potential buyer to knock a few quid off.

Thats why i talked about paying off the finance personally for them and then selling it.

Aint Eazy Being Cheezy

Just for discussion sake.. If I was buying a €10k car, which had €8k finance owed on it, would I not just hand over €2k to the seller and fix up with the finance crowd myself?

ba_barabus

Johnny Electricity wrote: »

Just for discussion sake.. If I was buying a €10k car, which had €8k finance owed on it, would I not just hand over €2k to the seller and fix up with the finance crowd myself?

You'd really want to want an Ibiza 1.4TDI to start getting into hassle like this I think

Aint Eazy Being Cheezy

ba_barabus wrote: »

You'd really want to want an Ibiza 1.4TDI to start getting into hassle like this I think

Ok. I just think it is a genuine, plausible situation, seller needs funds from sale to clear finance owed.

ba_barabus

Johnny Electricity wrote: »

Ok. I just think it is a genuine, plausible situation, seller needs funds from sale to clear finance owed.

I don't disagree but unless you know the person could you really trust someone selling a car under such circumstances. I've bought and sold enough cars to know I trust no one where they are concerned. Unless I'm dealing directly with a finance company I wouldn't be interested at all. After that it just seems like extra hassle with an extra unknown thrown in for good measure

Aint Eazy Being Cheezy

ba_barabus wrote: »

I don't disagree but unless you know the person could you really trust someone selling a car under such circumstances. I've bought and sold enough cars to know I trust no one where they are concerned. Unless I'm dealing directly with a finance company I wouldn't be interested at all. After that it just seems like extra hassle with an extra unknown thrown in for good measure

I'll keep that in mind. Im buying a new car in the next 4-5 weeks at a price range were outstanding finance is very possible. Thanks BA.