Malcolm Feth
Well-Known Member
- First Name
- Andrew
- Joined
- Mar 11, 2023
- Threads
- 5
- Messages
- 103
- Reaction score
- 220
- Location
- Bracknell, UK
- Website
- instagram.com
- Car(s)
- GR Supra 3.0
or... sell it privately, which is always the best option
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ALWAYS!or... sell it privately, which is always the best option
My yellow MT was sold this week for 45 K, with 3,600 miles, immaculate - therefore if I were you, anyone asking over 50k can go F. themselves, and even then, it would need to be (in my opinion)I'm very much in the market - in the last 6 months I've been watching 3.0 Supras on Autotrader there has usually been between 45-55 on sale at a given time.
Unfortunately private sales are as rare as hen's teeth, (which is proper shit for guys like me who are looking to buy without finance).
For example, there are currently 50 for sale at the moment with just 4 for sale privately. I'd say a lot of those cars in dealerships were traded in or sold to the garage with outstanding finance. I think it's a more common occurrence than people think.
My yellow MT was sold this week for 45 K, with 3,600 miles, immaculate - therefore if I were you, anyone asking over 50k can go F. themselves, and even then, it would need to be (in my opinion)
-Less than 3,000 miles
-Pro trim
-Manual transmission
- Be the "special edition" with Cognac interior and frozen matte paint.
I can't comment on the 45th anniversary edition's value, no idea what that one goes for.
That's probably what I'll end up doing but the APR is the issue, it'll be a lot more than what my current deal is.Why not get a personal bank loan to cover the final balance?
Very true, but the big difference is you'll have an asset to show at the end of it. So perhaps it'll cost more per month, but you're not throwing the money away like you are with a traditional PCP where you're effectively just paying the depreciation and "renting" the car in reality.That's probably what I'll end up doing but the APR is the issue, it'll be a lot more than what my current deal is.
I also had 1.9% before I sold it, amazing isn't it, we'll never see those numbers again!!!On the flip side of ending contract early, what about extending the PCP agreement?
I'm 18months away from the end of my deal, my APR is 1.9% so I don't particularly want to get a new car on toyotas current 7% APR figure equally i love my supra and don't want to trade it in.
Financing the balloon payment would be similar to the 7% APR figure.
And im definitely not handing the keys back lol.
Is there a 4th option where I can just extend my current agreement and keep paying what I'm paying now? I guess I'd need to contact toyota finance to find out. Just want to know if anyone got any experience of this scenario.