What is the deal with lowballing and refusing a RWC??

Scotty89 · 08-03-2014, 06:37 PM

I feel like I'm missing something but recently I have been advertitising my old car (E46) for sale and I figured I've priced it very reasonably as it's the lowest on market for it's model in this State, but...

Everyone that has rang so far has offered 2 - 3k lower (on a 12k price!) and asking for it without a roadworthy certificate.
All but one of them have not even come to view the car before lowballing!

Am I missing something? I've never experienced this before with other cars.

Are they going to buy and resell it, or wind back (hack??) the odometer or something?
What is the purpose of buying it without a RWC, and how do you even organise a transfer of registration without a RWC?

The bloke that came to view it straight out told me that he would get a "friend" to complete the RWC (meaning it was going to be dodgy)... but if that happens for the sale, do they then try to claim the buyer hasn't to paid the necessary repair expenses once making the deal? what's the go?

Edit: I forgot to mention I'm in Victoria, and for all sales and transfer of (registered) vehicle ownership the car must satisfy a Roadworthy Certificate at the time of sale.

7smurfs · 08-04-2014, 06:38 PM

You can make the sale without RWC and write your contract for them to sign whereby the purchaser is responsible from this date/time onwards for any fines accumulated on the number plate.

Also, you add that after 5 days you will call vicroads to cancel the registration unless a RWC has been gained and the transfer has taken place.

Finally state that the car is sold as is condition on xx/xx/xxxx date and that you are not responsible for any issues with the car. This home written contract will cover your ass

It is common to have people ask to purchase without RWC as a negotiation tactic - simply put, it is basically making an unconditional offer for your car.

Scotty89 · 08-04-2014, 07:53 PM

So in the case that I don't believe it will need much for a RWC, I should tell them no deal, not willing to drop 2K off.

naynay · 08-04-2014, 10:05 PM

tell them to fk off. if you think your car is worth 12k then leave it at 12k. i sold my old honda euro to a guy for 9k and it had a Type R red dash in it which has 80000km less. Ive told him the real kms and he chucked it up for sale 2 weeks later for 11k and had the nerve to ask me to lie about the kms if anyone asked.

donR · 08-04-2014, 11:46 PM

I've been trying to sell our Saab 9-3 Aero Sport Combi with 45,000kms. Similar situation where I've priced it based on nation wide prices and accepting offers below asking.

However, there is a lot of low balling going around at the moment from people who are trying to pick up a bargain rather than having any enthusiasm or knowledge of the car. My main inquiries have surprisingly been interstate so I think they recognise the good value but still want to low ball.

Despite the offers I have had no one come to look at my car in over a month after 3 incremental price drops.

If yours is already sitting below the competition then I would be patient and wait for the enthusiast who wants a euro car and has an appreciation for what its worth. Alternatively just drop it slowly until it reaches a price point.

I'm not sure what is going on with this RWC stuff except I think you or the buyer can get a refund on the balance of the rego if it is being transferred interstate.

NBTBRV8 · 08-05-2014, 03:08 AM

It's not just you, I am getting lowballed at the top end of the market too. It really irritates me.

woosh · 08-05-2014, 05:28 AM

Quote:

Originally Posted by naynay

tell them to fk off. if you think your car is worth 12k then leave it at 12k. i sold my old honda euro to a guy for 9k and it had a Type R red dash in it which has 80000km less. Ive told him the real kms and he chucked it up for sale 2 weeks later for 11k and had the nerve to ask me to lie about the kms if anyone asked.

lol

I recently sold a 97 prelude (which was given as a part trade for my wrx) for 3k and noticed it two weeks later on gumtree at 6.9k

The used car market is pretty sh*t atm. I've thought about it and I think one of the reasons may be because manufacturers are adding more features to their new car lineup and selling them at lower than normal prices.. thus competing with more used cars (eg of price reduction strategies: Mini Cooper S.. Toyota Hilux SR5.. Mazda3 SP25..)

Testercles · 08-05-2014, 05:39 AM

Good luck with the sale. I'm a car salesman so deal with that all day everyday. Sometimes people are just trying to kick start the negotiation process starting off super low. Not sure about the RWC thing because in SA we don't need them.

Kiwi Peter · 08-05-2014, 06:41 PM

If you sell as a private sale through Gumtree or carsales you should expect to take on board all the greff and hassle that goes with it.

Yep i know its a pain but you could pick up a few extra $$$$$ over a trade in deal.

Or just trade it in and have no hassles, sometimes its the best way.

08-03-2014, 06:37 PM	#1
Scotty89 Buy a 335 they said... It'll be fun they said... 117 Rep 995 Posts Drives: 2007 E92 335i Join Date: Jun 2014 Location: Melbourne, Australia iTrader: (0) Garage List 2007 BMW 335i [10.00]	What is the deal with lowballing and refusing a RWC?? I feel like I'm missing something but recently I have been advertitising my old car (E46) for sale and I figured I've priced it very reasonably as it's the lowest on market for it's model in this State, but... Everyone that has rang so far has offered 2 - 3k lower (on a 12k price!) and asking for it without a roadworthy certificate. All but one of them have not even come to view the car before lowballing! Am I missing something? I've never experienced this before with other cars. Are they going to buy and resell it, or wind back (hack??) the odometer or something? What is the purpose of buying it without a RWC, and how do you even organise a transfer of registration without a RWC? The bloke that came to view it straight out told me that he would get a "friend" to complete the RWC (meaning it was going to be dodgy)... but if that happens for the sale, do they then try to claim the buyer hasn't to paid the necessary repair expenses once making the deal? what's the go? Edit: I forgot to mention I'm in Victoria, and for all sales and transfer of (registered) vehicle ownership the car must satisfy a Roadworthy Certificate at the time of sale.
	Appreciate 0 Tweet Quote

08-04-2014, 06:38 PM	#2
7smurfs Captain 137 Rep 902 Posts Drives: M3 CS Join Date: Apr 2014 Location: Melbourne iTrader: (0)	You can make the sale without RWC and write your contract for them to sign whereby the purchaser is responsible from this date/time onwards for any fines accumulated on the number plate. Also, you add that after 5 days you will call vicroads to cancel the registration unless a RWC has been gained and the transfer has taken place. Finally state that the car is sold as is condition on xx/xx/xxxx date and that you are not responsible for any issues with the car. This home written contract will cover your ass It is common to have people ask to purchase without RWC as a negotiation tactic - simply put, it is basically making an unconditional offer for your car.
	Appreciate 0 Quote

08-04-2014, 07:53 PM	#3
Scotty89 Buy a 335 they said... It'll be fun they said... 117 Rep 995 Posts Drives: 2007 E92 335i Join Date: Jun 2014 Location: Melbourne, Australia iTrader: (0) Garage List 2007 BMW 335i [10.00]	So in the case that I don't believe it will need much for a RWC, I should tell them no deal, not willing to drop 2K off.
	Appreciate 0 Quote

08-04-2014, 10:05 PM	#4
naynay Banned 178 Rep 1,426 Posts Drives: 2006 E92 335i FBO Join Date: May 2013 Location: Melbourne Australia iTrader: (0)	tell them to fk off. if you think your car is worth 12k then leave it at 12k. i sold my old honda euro to a guy for 9k and it had a Type R red dash in it which has 80000km less. Ive told him the real kms and he chucked it up for sale 2 weeks later for 11k and had the nerve to ask me to lie about the kms if anyone asked.
	Appreciate 0 Quote

08-04-2014, 11:46 PM	#5
donR Captain 97 Rep 812 Posts Drives: E91 335i, B5 RS4, F31 330i Join Date: Jun 2014 Location: Sydney, Australia iTrader: (3) Garage List 2019 718 GTS [0.00] 2001 Audi RS4 SOLD [0.00] 2008 E91 335i SOLD [0.00] 2016 F31 330i M Sport [9.00]	I've been trying to sell our Saab 9-3 Aero Sport Combi with 45,000kms. Similar situation where I've priced it based on nation wide prices and accepting offers below asking. However, there is a lot of low balling going around at the moment from people who are trying to pick up a bargain rather than having any enthusiasm or knowledge of the car. My main inquiries have surprisingly been interstate so I think they recognise the good value but still want to low ball. Despite the offers I have had no one come to look at my car in over a month after 3 incremental price drops. If yours is already sitting below the competition then I would be patient and wait for the enthusiast who wants a euro car and has an appreciation for what its worth. Alternatively just drop it slowly until it reaches a price point. I'm not sure what is going on with this RWC stuff except I think you or the buyer can get a refund on the balance of the rego if it is being transferred interstate.
	Appreciate 0 Quote

08-05-2014, 03:08 AM	#6
NBTBRV8 Captain 137 Rep 859 Posts Drives: LCi E60 530i Join Date: Mar 2010 Location: Australia iTrader: (0)	It's not just you, I am getting lowballed at the top end of the market too. It really irritates me.
	Appreciate 0 Quote

08-05-2014, 05:39 AM	#8
Testercles First Lieutenant 11 Rep 344 Posts Drives: 2008 E90 335iA Join Date: Apr 2014 Location: Adelaide iTrader: (0)	Good luck with the sale. I'm a car salesman so deal with that all day everyday. Sometimes people are just trying to kick start the negotiation process starting off super low. Not sure about the RWC thing because in SA we don't need them.
	Appreciate 0 Quote

08-05-2014, 06:41 PM	#9
Kiwi Peter 162 Rep 1,460 Posts Drives: E92 M3 2012 Edition 500 Join Date: May 2011 Location: Cambridge, New Zealand iTrader: (0)	If you sell as a private sale through Gumtree or carsales you should expect to take on board all the greff and hassle that goes with it. Yep i know its a pain but you could pick up a few extra $$$$$ over a trade in deal. Or just trade it in and have no hassles, sometimes its the best way.
	Appreciate 0 Quote