Red Edition For Sale – Essex

[Big-Mike]

A contender for the highest mileage Red Edition?

The Highlights:

Red Edition with Forged Wheels and Door Edge Protectors, registered Apr 2018. I am the first and only owner, completing 20K Miles including tours of Wales and Scotland.

FPM 375 added mid 2019 (not sure why it took me so long!)

Full Ford Service History. 2nd Service completed earlier this month which included a brake fluid change. A new Set of Pilot Sport 4 S Front tyres added approx 1k miles ago, the rears still have lots of tread. Brakes still over 50% too. I have even managed to keep the seat bolster wear to a minimum.

The Bad Bits:

The car was stolen in April but I managed to get it back within 2 hours thanks to my tracker however it did go through the Police system so will be logged as stolen and recovered. The keys have been wiped and re-coded and I have finally disabled Keyless entry.

There is currently damage to the bumper from hitting a cat (on the same day the car got stolen….it was a very bad day). I aim to get this fixed before the car is sold but am open to a reduced selling price if the Buyer would like to manage the repair themselves.

As you can imagine with 20k miles there are some stonechips on the Bumper, Bonnet and one on the wing. One of the wheels has been grazed slightly but nothing a cheap refurb couldn’t sort out.

I am trying to be as honest as possible as to the condition of the car and appreciate some people will be put off by it being Stolen previously and the front end damage fixed. I have seen similar age Red Editions with lower miles advertised at around £33,000 so with mine being higher mileage I would set the price at £30,999 but I’m open to offers. Car is Located in Essex, within the M25. PM on here if interested.

[71-bda]

wow, one thats done what it was made for.. Driving ! Its probably the retired car dealer in me that that thinks being stolen recovered and with 20k it should be down in the £25-27000 area  if you want to sell it. theres a 6000 miler on 18 plate red edition that can be bought for  £32500 on ebay, so for 20000 miles and recorded you really need to drop more than  1500 off. Innit?

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No nothing.

No Mods. No rockers. Just a chunky knob, thats now been replaced by an RS knob innit.

No tackiness.

Std as Ford intended, but with a space saver wheel and jack and nuts and wheel brace. oh.. and flaps, a man has got to have flaps.

Innit?

 

[bobcat]

@michael, good luck with the sale,  I have to agree with @bda, your honesty is a credit to you. IMO the realistic price is around 27k. without seeing it. I hope you get what you want for it ?

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Honorary Member

 

[coastliner]

Yes Michael don’t take this the wrong way but you must be deluded to think you will achieve anything like that price.

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Coastliner

[Big-Mike]

Thanks for your input guys. It’s my first time dealing with such a specialist car, especially one which some toe rag drove 10 miles down the road without my blessing. It’s the most expensive 10 miles of my driving career and I didn’t even get to enjoy them myself!

I have spoken to a couple of places now:

RS Direct were not interested and didn’t even give me any pointers as to what put them off, mileage or Stolen/Recovered/Both.

Ford Dealer in Essex said the book price is currently £24-26 dependant on condition

An independant dealer told me the same Book Price range but they would not accept a car that has been stolen/recovered. When he did an HPI check, the car did NOT show up as Stolen/Recovered. So I don’t really know where this leaves potential buyers, will they be less fearful of takin a punt on my car now the HPI is definitely clear?

After these types of discussions it’s clear i should have let the thieves take the car as i’m saddled with losing a ton of money because I chose to stick a tracker on it! Maybe my honesty has put off everyone on this Forum of taking this sale seriously, so I would welcome any more advice as to how best to market the car. I accept I am gonna be lucky to get 28 on a private sale and taking it to a dealership is going to be more like 24.

[coastliner]

Right Mike, the facts are being placed on the register doesn’t always occur immediately, a bit pointless I have to agree for the person paying hard earned cash to get the car checked out. The one piece of advice I can give you is get it repaired including the alloy, then advertise it, and you are not required to be forthcoming about the loss stolen thing unless they ask outright, then you must tell them. Hope this helps and I didn’t want to be blunt in my first reply but your first valuation was very optimistic. Good luck with whatever you decide.

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Coastliner

[bobcat]

@michael, once again I agree with @coastliner, get the car sorted out asap and try and keep the mileage down as much as you possibly can. It’s only an option but if you are going to remove your tracker then think about fitting the Ghost System it may well go a long way to help selling the car. Then think about selling say around September, you could start buy offing it at 30k but open to offers and set your own bench mark. Good luck I hope it works out well for you ?

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Honorary Member

 

[RS77]

I’m a bit confused about the HPI position of such a case. Many years ago, I had a car stolen and recovered two days later. Although, I had informed my insurance company (and police), a claim was never made and therefore never registered as “stolen-recovered”.  In another example, a friend had a car stolen, made a claim, got the book value payout, but, incidentally, then bought the car back months later when the car was sold at auction. He paid a lot less than the payout due to the HPI status, and because there was no damage, was very happy with the outcome.

I see Mike’s situation as being similar to mine in the first example, and not the second. Consequently, he shouldn’t have any issues with HPI and any associated stigma this might involve. Or am I missing something?

 

• This reply was modified 3 years, 11 months ago by RS77.

[white-rs2]

I thought the HPI register only kicks in if the insurance companies get involved.
if you didn’t involve the insurance then I don’t think it shows on the HPI register.
If you did their can be a delay from the incident to settlement to being on the list.

Change your story currently to hit a cat ?????

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RS Edition.

FPM375 Rocks

The rest of the “M” maps suck

[RS77]

My car insurance small print says it’s necessary to inform them of any incident like a theft or accident, even if you don’t intend to make a claim. If you don’t make a claim, or nobody claims against you, I don’t see how anything would go through to the HPI database. So I don’t understand the comments above about declerations, HPI delays, etc. Unless, of course, I’m wrong about all this and merely reporting a theft incident generates an automatic HPI event log.

[GM]

I would get anything that needs to be done to a high standard, and not mention anything. light damage, not on register, no point…??

[white-rs2]

Many cars get stolen and when recovered the owner foots the bill for minor repairs of desirable cars to save thousands £££ later On via an insurance claim on any future re-sale value.

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RS Edition.

FPM375 Rocks

The rest of the “M” maps suck

[coastliner]

Its an unfortunate situation that requires handling in a way to maximise the end result. The car has to be repaired prior to sale as most of us would judge how it is cared for in its previous life by for one the condition of the alloy’s. To get top dollar selling a cult car with a following of owner who know the car inside out it needs to be spot on.

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Coastliner

[Big-Mike]

Agree with your points here. I’m getting it booked in to have the wheel and bumper sorted asap. More places seem to be opening back up now fortunately so I’m able to get quotes back pretty quickly to compare.

I’ll enjoy driving it a little more in this fantastic weather before advertising it for a more reasonable price soon! I’ll try to find out a little more about what triggers an event to be logged on the HPI database.

[GM]

@big-Mike just HIP it with the RAC or AA, it shouldn’t be on there unless a claim was made? Not on there didn’t happen ?

[Author]

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