Buying a cheap runaround car and resell in Dub 1mth later?
Posted: Sat, 23 Jun 2012 5:54 +0000
Hi,
Does anyone here have any advice on whether buying a taxed/NCTd car fairly cheaply, then advertising it to resell the following month, is a really dumb idea?
Is Dublin a large enough market that it's fairly quick to sell a popular model of car, if it's fully taxed and in reasonable shape?
Since my idea of doing this with a MX5 might not happen, I am keen to get feedback on if it's possible to do this at a reasonable cost.
I'd guess it would cost us something like EUR800-1600 all up if we rented a new car, once we add in insurance surcharges, so I figure it may be possible to buy a popular model at a cheapish price and resell it (or failing that, auction it) before we leave.
Since we're coming from Australia and there seems to be a lot of Irish emigrating to Australia, do many of these emigrants just leave their cars with family or sell them on donedeals or send them to auctions? If the market is terrible for selling, maybe it's a terribly dumb idea.
Dumb or possibly OK? If so, what model do you think and what would be your plan?
Has anyone gone to the Dublin Tuesday night car auctions at Wilsons? I suppose some emigrating people may use this auction. Otherwise these are finance 'repo' cars?
What are Garda seized cars? Drug dealers? People who failed to pay fines? There are LOTS of BMW diesel 5 series on their page. Not sure how popular they are to sell, though. Celtic Tiger repos?
http://www.wilsonsauctions.com/dublincarstuesday.asp
I noticed a Focus diesel estate there with NCT - 2004. Would that be something fairly popular since it can be a family or work car?
Thanks!
Ben
Does anyone here have any advice on whether buying a taxed/NCTd car fairly cheaply, then advertising it to resell the following month, is a really dumb idea?
Is Dublin a large enough market that it's fairly quick to sell a popular model of car, if it's fully taxed and in reasonable shape?
Since my idea of doing this with a MX5 might not happen, I am keen to get feedback on if it's possible to do this at a reasonable cost.
I'd guess it would cost us something like EUR800-1600 all up if we rented a new car, once we add in insurance surcharges, so I figure it may be possible to buy a popular model at a cheapish price and resell it (or failing that, auction it) before we leave.
Since we're coming from Australia and there seems to be a lot of Irish emigrating to Australia, do many of these emigrants just leave their cars with family or sell them on donedeals or send them to auctions? If the market is terrible for selling, maybe it's a terribly dumb idea.
Dumb or possibly OK? If so, what model do you think and what would be your plan?
Has anyone gone to the Dublin Tuesday night car auctions at Wilsons? I suppose some emigrating people may use this auction. Otherwise these are finance 'repo' cars?
What are Garda seized cars? Drug dealers? People who failed to pay fines? There are LOTS of BMW diesel 5 series on their page. Not sure how popular they are to sell, though. Celtic Tiger repos?
http://www.wilsonsauctions.com/dublincarstuesday.asp
I noticed a Focus diesel estate there with NCT - 2004. Would that be something fairly popular since it can be a family or work car?
Thanks!
Ben