by dapinky » Sun 10.09.2023, 10:38
You may not like my answer, but here it is.....
...... I don't think that £7k for a car from a dealer with a warrantee and a new MOT is outrageous.
As a dealer, they have to make a profit, and to do so, they have to sell for a slightly higher price than an individual will. In order to attract buyers, they thus need to offer a little bit more, like a shiny car, with a mechanical warrantee.
Think about any £7k dealer car.....19% Corporation Tax.... so the car is now down to being a £5882 car anyway if the car is all profit.
If the car isn't all profit, lets assume they start with a £5K car..... then have to get it to their premises (£150?), MOT it (£20) see what it fails on, and repair those issues (in this case, it could be £200 in parts and labour, or it could be £1000 - depends on what is causing the emissions problem and brake fluctuations....
Wash, hoover and prepare for viewings - do you count time as money or not? In a big place they will pay someone to do this stuff, in a smaller place it will be anyone's job and for a one man band, it is part of the daily graft.
Take an hour out of your day to show the car to someone..... at what cost? 1 hours wages, or part of the job?
Petrol, Insurance, Tax (or trade plate cover) for those tests.
Rent on the premises..... training for the mechanics...... calibration of MOT equipment..... liability insurance...... tools..... electricity..... etc
Oh, and food for the table, which is the only reason they do all the rest.
If it is a garage that relies on quick turnaround, then they will buy cheap, add on £500 and sell it on...... but if they don't shift 10 cars a week, they loose money (probably need to sell more than that these days), so they get other income from the Servicing, Repair and MOT side of things, and accept that the stock they keep will either make them a few quid if they sell "as is", or may take a while to sell, during which time it costs them money.... and they spend more on it during their time.
Think of it another way. what you you want for it if you were selling it? - and then add on the dealer costs.....
If you think it's a £5K car, then maybe £7K is right, maybe it's not.
For sure, it needs bits and pieces doing to it - but you will have a year to do it before the next MOT..... if you have a garage to keep it in over Winter and enjoy playing with cars, it could be ideal - if it is going to live outside and your only enjoyment is driving it, then it could be a liability!
The pulling to one side may be something simple, or may be something complex - I'd suggest getting the bushes and balljoints checked by someone who knows what they're looking at - and do it quickly, so it's covered under the warrantee (or Consumer Rights Act 2015).
I'd be expecting a tidy(ish) car, ready to drive and use, with no major faults and good paintwork for that sort of money..... and expect to have to do work on it to get it perfect.
If £7K is your top budget, then I would respectfully suggest you look elsewhere, as there WILL be extra to spend out on it (or any other one you buy).
Bottom line - I would expect the basic car to be pretty similar condition-wise to many other 30+ years-old SEs which have not yet been fully restored..... and they sell for anything from £4K - £9K with a years MOT and no major problems.
Dave
Just the one now, but this one's mine! - and it will be finished eventually..... - but also temporary custodian of a project until it is finished enough for Angie to drive it
...oh, and a 2006 Freelander destined for the jungles of The Gambia - 4500 miles across roads, desert and tracks - what could possibly go wrong?