Should I back out of car sale

TylerRyan28

Hi not sure if I mad a mistake selling car I took a small deposit but sale hasn't gone through yet wondering should I back out ? It's a 2009 volkswagen golf has high mileage . engine light is on and needs some work done like new clutch, flywheel got offered around 3k for it but not sure if I should just keep It get it fixed and put it back up for a higher price. Or just cut my losses I know the work that needs done would be over 2k mark 

Wildly Boaring

Oh sell it.

High mileage, as in 300k km?

chiefwiggum

If you're happy with what you got originally then I would sell 100% . Absolutely no guarantee you'd get the money back that you put into it.

Sell sell sell

Irish_wolf

Unless I could do the work myself I'd be selling it personally. A bird in the hand and all that. If the person you're selling it to knows all the defects and is still happy to pay then fire ahead. Who knows what problems you'll unearth when you starting diving in to fix all the things you already know about.

Squatman

https://www.boards.ie/discussion/2058293754/should-i-back-out-of-car-sale

you would be a complete @rsehole to back out after taking a deposit, on the pretense that you could make more money on it.

horse7

What if the buyer backs out, will you return the deposit?

Squatman

https://www.boards.ie/discussion/comment/120513953#Comment_120513953

that would be seller dependent. but once you place a deposit on a car, there is no expectation of getting it back

TylerRyan28

https://www.boards.ie/discussion/comment/120513953#Comment_120513953

Of course it was only €50 I can send it through Revoult

TylerRyan28

https://www.boards.ie/discussion/comment/120513827#Comment_120513827

Yes they know the work that needs done

You are hoping to get more than 5 grand for a 14 year old high milage golf if you replace the clutch. Best of luck with that.

ba_barabus

Assuming the buyer knows the problems I'd cut my loses

User1998

https://www.boards.ie/discussion/2058293754/should-i-back-out-of-car-sale

I wouldn’t pay €3k for that.

bazz26

Jesus weeps, 3k for a 14 year old Golf that needs a **** load of work done and the OP wants to pull out of the sale? OP you should be the one getting this sale done and dusted before the buyer comes to their senses.

kincaid

You're getting a very good price there so I would sell it, in fact I would be praying very hard theyd come back with the rest ASAP

Oops!

3K for a 14 year old Golf that by going what your saying needs all that work with high Kms and your thinking of backing out of the deal for more cash?

Well to be honest your either very greedy or very naive....

TylerRyan28

Good deal so haha again as I said they know what it needs didn't hide anything body is is great condition for the year aswell.

TylerRyan28

Good deal so haha again as I said they know what it needs didn't hide anything body is is great condition for the year aswell.

corks finest

Get rid

Buffman

Sell it and take the €3K, I presume the buyer has inspected it and wouldn't have put down a deposit if they were not happy with it.

And for those saying €3K is off the wall, the cheapest drivable 09+ Golf I can see on DD has 233Kmi on it asking €3250, so €3K isn't a stretch if the OP's one is in good condition, high spec, FSH, etc even with the issues.

https://www.donedeal.ie/cars-for-sale/2009-vw-2-0l-tdi-golf-nct-05-23/33732221

wingnut

The used car market is crazy at the moment as I have just discovered after the timing belt went in my car!

monseiur

Put it in dry storage for 15 to 20 years. Eventually, when an old classic, the Mathewson's (of Bangers & Cash fame) will auction it for you at a tidy profit. (for them) 😁

Oops!

https://www.boards.ie/discussion/comment/120515173#Comment_120515173

The OP has already stated the car they have needs a ball of money spent on it..... I wouldn't exactly be using whats on donedeal for stupid money as a guide price for anything....

Fair play to the OP for taking a deposit at 3k for the thing, it wouldn't even turn my head at that price.

Everybody seems to know the price of everything these days and the value of nothing.

Buffman

https://www.boards.ie/discussion/comment/120515349#Comment_120515349

Out of curiosity if you won't use DD prices as a guide price for anything, how do you price a car then?

Oops!

Years of experience.

I wouldn't head to the local mart and start buying up livestock because they look nice for stupid money, I'd bring someone with me that knew exactly what they were looking at and their real value.

User1998

https://www.boards.ie/discussion/comment/120515417#Comment_120515417

Advertising prices are completely different to selling prices tho. Like I’m sure that Golf above could be gotten for €2.5k after some negotiating which is why I think OP is getting a very fair price for their car.

Buffman

Ye, but the going market rate will pretty much set itself at a mart depending on demand, just like a faster version of DD. What you think the animal is worth might not equate into the actual price.

At the moment with used cars, demand is high, supply is low, hence prices are high.

As I said, presumably the OPs buyer has inspected the car and is happy enough to go for it at 'around €3k'.

The cheapest clutch/flywheel kit I can see for them is around €200, personally I'd spend slightly more for a better one. EW light is probably something small that the buyer has presumably scanned on the ODB. All DIY stuff with decent tools so somebody see's it as worth it.

Buffman

https://www.boards.ie/discussion/comment/120515545#Comment_120515545

Oh ye, as most including me have said, take the €3k, the OP should close that deal ASAP as it's a strong price. Yep, an asking price is just that, I presume when the OP said 'around €3k' they meant an offer around €2.7K ish.

Oops!

https://www.boards.ie/discussion/comment/120515562#Comment_120515562

Your missing my point... The majority of people at the mart are farmers/traders, i'm not! Most people on donedeal buying are not mechanics/traders. Supply is not low of quality, the problem is the volume of cars out there at the moment that are hugely overpriced is nuts because of what people see other cars for sale for "If that's worth that much so should mine" attitude is the problem.

I'd have no problem pricing a car for for somebody when i've inspected it for them, but when i'm sent links to certain cars that are everywhere for mad money with big kms my answer is always "that's not what your looking for".

Golf's in particular are everywhere, and 14 year old ones are certainly not rare and anybody that knows what i'm talking about knows they are money pits at that age with high kms....

As i've said to the OP already, take the 3k hand and all. you've done well if they do come back for it.

As for the part about about the kit and the EML light being on, it always sound simple when you put it like that..... Every mechanic just throws his eyes up when he/she hears the words spoken by a costumer "I've done my research" or "It's probably only something small".

TylerRyan28

https://www.boards.ie/discussion/comment/120515562#Comment_120515562

I was told before it would take 2k if not more to get everything done to it , engine light is on which I know the problem around €200 for part then clutch and flywheel i would also throw in fresh brake pads

I had a mechanic out before looking at it trying a low ball offer of 1200 thinking I didn't have a clue about cars. He can do the work himself but I wasn't going to sell it for anything less then what I did . Would rather just of kept it as a second car

TylerRyan28

https://www.boards.ie/discussion/comment/120515600#Comment_120515600

€2950 actually close enough

Buffman

https://www.boards.ie/discussion/comment/120516847#Comment_120516847

That's strong money, what are your concerns about selling it for that? Are you worried you won't get another car? As someone said above, if you spend the €2K on repairs and then try to sell, you'd be doing very well to get that €2K back on the sale. If you like the car and want to keep it, get more quotes for the required work as €2K sounds high enough based on what you've described.

Personally I'd bite his hand off for the €3K and add the €2K you're prepared to invest in it and put that €5K towards your new car. If you like Golfs, plenty of younger MK6's out there for around that or throw a few more quid in the kitty and you'll be in MK7 territory.