Joke values on my car

Don't know if this has been covered in a previous thread, but what did you pay for it and how long have you had it?
 
Lurker01 said:
Don't know if this has been covered in a previous thread, but what did you pay for it and how long have you had it?
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Brought it for around 40k
As i brought it had to be towed off the lot as there was a hole in the water bottle, and was accidentally overflooded with oil,

Belive me this; we wanted to walk away then and there as were not stupid, car was a mess plain and simple,
Reason we got it is due to the one woman saying if we drop the deal, they gonna blacklist us.

So eventually we had no choice, took the car went into garage for almost full recondition,
Sure even cambelt was changed, paid about 7k for all the work, and 7 weeks later, i got the car back,

Drove it up to now, was ok but too pimped and modified for my liking,

Gradually each month would remove and return to stock as much as i could,

So exhuast,bumper respray,race filter, and ripping off the fake carbon fibre stickers, all gone.

Car is now quite stock, almost no signs of what it used to look like,

I get what everybody saying here, i really do,
But my problem is what's the best i should have done?

As i got this car from auction, throw it back there? Sell for parts?

I'd would if i had a yard the latter.....

This way i at least have a car that somewhat works and now as i want to do the next upgrade, I'm getting joke values from dealers.

To take less than what i paid makes no sense to me, might as well fake a hijacking:p

But seriously, what should i do to get the most cash from this bad deal? Do Dekra check?
Fit some accesorries? Like e/w and a/c?
Fit some nice rims? Does any accesirries make ant sense?


Or simply give up now and say drive the car enjoy with it, and save cash instead on installments for a car in better condition....

I've seen older models do 200k easily if their maintained properly, and as i now have a full workshop manual it would be easier keeping it on the road instead of selling and taking finance on a brio or i10.
 
me_ said:
You didn't answer my question earlier about the association with Europcar. Was the car previously a rental?
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To breifly answer your question, yes car was a ex rental from europcar, was financed by mfc
My understanding was car was repod from someone,
Dont got a lot to go on to try track down the original book,

Have the full transunion guide on it, so i have a bit of limited info no police checks, no anything really,
Do though have account number from europcar and mfc, dead end both, unless somebody here can help me?

Listing on kia system, is one inspection only nothing else recorded, no other service, and that's quite odd for a ex europcar rental......

Thought rental companies have to send car to agents, how does it usually work?
 
Not sure about Europcar, but Avis do their own servicing. I know from experience that Hyundai honour the balance of service plan and warranty once the cars are sold on...
 
To answer fazda questions;

Have had a transunion check(hpi) done, very little to go on there, almost nothing recorded for this car,
Take it as a bad thing,

As for condition general, haven't resprayed the front, but no accident damage, chassis 100% small scratches and a few chips, but nothing really major,

Base model yes, but is it worth adding some accesiries to maybe make it more lucrative?
I mean I've always wanted a/c, should i spend and get one from a scrapyard fitted?

Or should i just keep this car on the road for as long as i can, and hope nothing else major goes on it? I mean its not financed and my original plan was to take a small personal loan and buy something newer like a rental i10 or similar;
 
or you could just abandon it at the side of the road and walk away....
 
You're going to an auction lot that sold you the car for 40k... they will plan on making at least 20k profit - as will dealers.

Go to Honda (Brio you want... or elsewhere) and structure a deal then see what happens
 
If you bought the car for 40k, then trading it for 25 is spot on - NOBODY gets their money back on cars, and on a cheapie, the chances are even less.

As I said before, if you have been offered 25 k - take it and run - totally pointless trying to add a/c etc as that is simply p i ssing more money into the wind.
 
Fazda said:
If you bought the car for 40k, then trading it for 25 is spot on - NOBODY gets their money back on cars, and on a cheapie, the chances are even less.

As I said before, if you have been offered 25 k - take it and run - totally pointless trying to add a/c etc as that is simply p i ssing more money into the wind.
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Have you noticed he is not listening to any advice? Just keeps on throwing out additional posts with a little twist on the previous one - but all in hope of making money that every experienced individual here is telling him he will not make.
 
Fazda said:
If you bought the car for 40k, then trading it for 25 is spot on - NOBODY gets their money back on cars, and on a cheapie, the chances are even less.
Click to expand...

Ahem, I wouldn't quite say that.

Fazda said:
As I said before, if you have been offered 25 k - take it and run - totally pointless trying to add a/c etc as that is simply p i ssing more money into the wind.
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+1, throwing good money after bad isn't going to help.
 
Have to say, base models are worthless IMO.

People who buy base models new are cheap (aka rental companies buying a fleet)

Second hand whomever buys a base model just gets shafted.

I would call a few other places and try get R30k. But going beyond that I wouldn't have much hope...

As for adding and changing anything, you are throwing away money. There is absolutely no way you should spend money on that car unless it is required for road worthy or to keep it on the road.
 
TehStranger said:
Ahem, I wouldn't quite say that.



+1, throwing good money after bad isn't going to help.
Click to expand...

I'd agree, yes cars depreciate, but sure its possible to get some nice compramises,
I mean isn't it 20% for each year?

I mean is this what most people do? Buy on finance, and get rid of the car when its after 3 years? As you need to put in the balllon payment?

What's the most cost effective way to own a car? Buy at 1 year demo, drive if for 4-5 years and then sell? Would you get most of your cash back then?

I know in my case, i brought a bad egg, I'm trying to make the best of it though,
As difficult as it is, i want to at least cover my costs, maybe not profit, but come out resonable from this bad story,
Look if I'm gonna get values from dealers that are a joke, there's really no real need to get another car, ill just sink into more debt, then keeping a older car going.

The old saying, better the devil you know, then the one you don't.....
I think this is quite true here,
 
You're not going to get your money back, stop thinking optimistically and start thinking realistically.



If someone bought a heavy modified car and spent money bringing it back to stock, would you cover the cost when purchasing it?
 
It is possible to make money on the car IF OP got a good deal... but in this case, the car should sell at 50k max at a dealer (so max 30k on a trade in) or 40k for a private sale...

May as well take the car to Burchmores and We Buy Cars for a valuation :)
 
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