A year after I bought my Fiesta, I’m not doing the mileage I thought I would. The job I bought it for, went sour in February and in the two months until that time I’d done 5.5k miles. Eight months later and I’m coming up to 11k but still far less than the 18k I told Ford I would do, 24k the Insurance company was up for and the probable 36k I’d worked out it was going to be. So £330 a month is lot to pay for a car that’s hardly used. Also times are getting tight and I can’t really afford to keep it, especially as the insurance and tax are nearly due. So I contacted Ford Finance and they’ve agreed to let me sell.
The list price for the car and all it’s options was £13,700 when I bought it. The price I paid was £12,900. According to Parkers guide, if I sell privately I can get £12,000, which is not a bad drop in a year. But as the car is currently parked away from my house, it’ll be a pain to keep going round there to show people and give test drives. So I’m going to try to chop it in to the dealer where I got it from. Again, according to Parkers, I should be able to get £11,000 for it trade and that’s for more than the £9500 I owe on it, so there’s some profit still in it.
I will blog the outcome….
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