I've got a 2018 MY18.5 LS 2wd Outlander I'm wanting to sell due to upgrade. Only 30k km and A1 condition.
My friend offered 27k cash but a few are asking 30kish. That said, there's not many that I found that are the same exact model and KM.
Is 27k too cheap?
That's about right for a mates rate private sale.
Then again, a real friend would not sell a CVT vehicle to a mate.
Unless it's the RAV4 Hybrid of course.
Only the type that carry kayaks
Maybe $3k too cheap, but then these are just asking prices on Carsales, with room to negotiate.
Ask your friend for $27,500 just to see if they're flexible, and to make it seem like they still got a win
How much do you like your friend?
How long do you want to keep your friend for?
Are you prepared to fix everything that goes wrong with it when they complain 12 months down the track?
That's what warranty is for. Up to 10 years with Mitsubishi.
Assuming op has been servicing correctly
Yes, I'm assuming the car is serviced correctly. I'm also assuming it's not a repairable write-off.
Who wouldn't have serviced a 3-4 year old car that's done 30k at a mechanic?
Fairly certain Mitsu Aust dropped the 10 year warranty for a while and only brought it back last year or the year before. I think 2018 might fall in the period where it was only 5 years.
Great point.
In any case, with a 5 year warranty a 2018 car is still under warranty for another ~1 year.
If we're being pedantic, between 9 months and 22 months if serviced correctly.
Never buy or sell with friends.
It starts with trying to agree on a price and just continues on.
Or, you never have an issue with it, they own it a week and something goes wrong and then it's all "you sold us a lemon and we want our money back"
I don't ever sell anything to friends. I'll help them find something they are looking for, but I wont sell it to them.
….but a few are asking 30kish.
I'm assuming you're talking about carsales.com.au etc. People ask all sorts of prices - what they actually get is a different story.
(I would assume that most people would put the price up slightly more than the amount they're looking for to factor in some room for negotiation)
Exactly. I know I've always bumped it up a good 2k each time
If you sell a car to a friend be prepared to hear all about it when something minor goes wrong with it. They may even insinuate you knew about and expect you to help pay for it.
Some friends might do that. Some people know cars and for me if a friend was sellin a car I was interested in, knowing it’s history would be a bit of a bonus. If you know how they drive and their service/fault history you go in knowing a lot more than having to trust a stranger to disclose that stuff.
I’m not the sort to go back to them with the blame game though. S%]* happens with cars, it’s not their fault.
if think you guys are being melodramatic
its a 2-3yr old car with a 10yr warranty
take up any future issues with mr. mitsushitsi
thats what its there for
i do get thats the case with 15yr old bangers but with a near new car with 27k???
rest easy, unless your friend is a bag of shit
Warranty or not, when they come banging on your door at 2am because they ran out of petrol, or they've got a flat tyre, because it's a mate what are you going to do?
Could this not be something a mate calls on you for regardless where they got their car from?
Quick and easy sale.. no dealing with arseholes and no shows… sounds perfect.
then again, never sell things to mates, easy way to lose em.
I would take it, you are giving a small cost reduction cause you know the person who wont screw you around. Cash in hand also.
Some good points here.
Just to add: I've known this person about 20 years and they're a straight shooter. They've actually done a few car deals over the years with other people I know and haven't been a pain later. It does have the balance of the 7 year warranty and has just been serviced.
I managed to get 2 years free servicing and I'll actually make a small profit selling at 27k.
Lastly, I'm still waiting on the new car to arrive so they're doing me a favour by waiting too.
Seems like a reasonable deal overall.
With this additional information, I wonder why you even raised this post?
Internet points
Factor in the massive PIA it is to sell on car sales. Weirdos sending you 20 text messages then nothing, tire kickers, scammers, hagglers, low ballers, etc. And then of course the stress of trying to exchange a big pile of money somehow.
Surely this is a "private" matter between OP and their friend.
And as Hybroid said, OP has already answered their question.
OP should also consider the convenience factor of a ready-made sale
However if OP is asking for the "market value" then OP should consult the Redbook guide for trade-in, dealer and private car valuations.
See here:
https://www.redbook.com.au/
Only you can decide what you will be happy to accept as well as the value you put on your friend.
$30 grand is car-yard prices, sure private sellers often list at the same price as a yard, they don't get it though.
$27,000 seems to be a fair market price for private sale at the moment.
This is my exact model:
https://www.redbook.com.au/cars/details/2018-mitsubishi-outl…
Seems 27k is decent
If you sell -regardless of the buyer - be sure to give them a written a written statement something like this
I john citizen of (address) hereby state that Mitsubishi Outlander 2018 Reg No. VIN No is my vehicle and free of all encumbrance. Sale price $27000. It is to my knowledge in reasonable condition for its age. However this vehicle is sold with all faults (if any) and does not have my personal warranty.
There should be similar statements like this on Internet. Give this written statement to the buyer at time of handover.
I find it funny 27k cash. How else are they going to pay. Everything is bank transfer these days. Don't under charge for something based on the word cash. But on the other side you probably won't get 30k as it's 2wd. Sale will be instant. No tyre kickers or hagglers and they take it as is or get a vehicle check done to see if there is any hidden faults.
If you sell to your friend for $3k under market value whats to stop him selling it the next week for market value and pocketing the difference? He could just say he didn't like the feel of it. He may also hit you up for anything that goes wrong for the next two years. Sell it to a stranger and save the hassles.
You don't owe them any favours…. get them to up the rice or you will accept higher offers. Why should you be out 5k of more
Feels like you could read your second sentence again and decide for yourself…