AM 2017 V8 Vantage S Roadster

[Jess911]

I have been unlucky in employment for the last 4 years. I recently bought a 2017 Aston V8 Vantage with a few days approved used car warranty,but also needing a service ( service cost £850). I'm looking to resell the car to get some income. To renew the warranty costs £2500 with Aston Martin.

My question is, should I renew the warranty, and increase the for sale price, or just get the car inspected at AM, with a view to have any issues sorted under the existing AM warranty and service the car, and then sell the car for a few thousand £ less asking price, yet with full AM history, but without AM warranty (which would give peace of mind for the new owner at a cost that would take the car to aporix £5k less than the main dealers?).

Please let me know soonest

Thank you for your honest responses

 

[911UK]

get the car checked over whilst you have the warranty and get any issues fixed that you can

 

[T8]

If you sell the car without warranty will the new owner be able to put one on it?

If they would then it's their choice whether to or not. In that case I'd sell it without.

If they wouldn't be able to get a warranty themselves they'd probably prefer to pay a bit more for the car and have the warranty.

In either case I'd make sure that the car is serviced and has any issues sorted under the current warranty before advertising it.

 

[Harryblue]

From a financial point of view you're unlikely to get the money back for the warranty, it's in that grey area of "add-ons" and you never get your money back properly for add-ons.

However, what it will do in a terrible market like we have today is make your car stand out as a good one.
There is that old saying that even in a recession good houses still sell, and it's not quite the same with cars, but if someone is looking for an AM then you want to have every possible box ticked so you get a sale, there won't be many potential customers at the moment so you want to make sure that yours in the one they're considering.

So to sum up, you probably won't be able to sell it for more, but hopefully at least you will get a sale rather than it sitting there unsold because there are better ones to choose from.

You're also going to have to field questions about why you are selling it so soon, people will assume there is something wrong with it, I had this earlier in the year selling a car that I'd only owned for a year, it was perfect condition but people assumed I was trying to pass on a lemon, the AM warranty should put their mind at rest with that.

 

[Jess911]

If you sell the car without warranty will the new owner be able to put one on it?

If they would then it's their choice whether to or not. In that case I'd sell it without.

If they wouldn't be able to get a warranty themselves they'd probably prefer to pay a bit more for the car and have the warranty.

In either case I'd make sure that the car is serviced and has any issues sorted under the current warranty before advertising it.

Yes they will, but AM charge £500 to inspect the car, only if they find nothing wrong will they then sell the warranty for another £2500

 

[TurboSandGT4]

is the AM warranty any good and does the V8 Vantage suffer from claimable defects?

the Porsche OPC warranty I think is a must on
Any car with Active Engine Mounts (PADM)
991.1 GT3 with E/F/GO Engine
Any turbo 991/992 as the turbos fail and changeover valves
any 991/2 Turbo with active spoilers

The OPC warranty pays for itself on any of the above in my experience so I wouldnt be without

If the Vantage has those kind of issues and the warranty will replace FOC then it becomes essential and you may get your money back on resale

 

[T8]

Yes they will, but AM charge £500 to inspect the car, only if they find nothing wrong will they then sell the warranty for another £2500

I'm a big believer in the peace of mind that having a good warranty in place gives so would probably be swayed to pay a bit extra for a car with a fresh warranty already in place.

If it meant that I could save a significant amount by buying a car privately over buying a similar car, with the same warranty, from a dealer I'd be very tempted.

BUT

In your position my biggest concern would be whether enough of the prospective buying pool would be able/prepared to buy such a car privately. The part/ex and finance facilities offered by dealers may make a difference.

You'll be looking for a cash buyer with no part exchange. In the current market I'm not sure how many private buyers there are out there. Traders will be looking to make a killing from those keen to sell.

In summary, I'd probably get the car serviced and get all things needed to get a warranty done under the existing warranty and then advertise it at a competitive price without a warranty. I'd make sure the advert emphasises clearly how 'easy' it would be to get the warranty. Serious buyers may be prepared to pay the £500 to get the warranty inspection done as part of their PPI process to confirm this claim and it would be their decision to actually go ahead and buy the warranty.

 

[Zingari]

I wouldn't extend the warranty at £2.5k. I'd get it serviced by AM and any issues arising dealt with under the existing warranty. Any private buyer of these cars will be having an inspection which it should pass without issue (but not surprised if they flag something up that AM didn't bother addressing).

I don't know the AM market but I suspect these cars are a hard sell private but at the right price with full AM history and a very recent service puts it top of the list IF you can find a buyer. Otherwise punt it around a few AM dealers to see if they'll take it given the history without losing your shirt.

 

[Jess911]

Thanks everyone. I took the car in today for a service. They couldn't do that, so have me a free pre warranty inspection, for my inconvenience (normally £500). I still need to get the car serviced from them. Weighing up all the comments, I figured that because of the value of the car ( circa £55k) it would be beneficial for the new owner's peace of mind to have a manufacturer approved warranty to fall back on. It will make the car a few £thousand, but still on a par with non franchised dealers, and £5k cheaper than used approved main dealer cars. In the meantime while I'm waiting to sell, I could enjoy the car with peace of mind myself.

Hopefully this will also sound like a reasonable idea to you guys.

Thanks again