Just sharing my experience so hopefully someone with similar situation down the road can find this post.
So after 15 years in Hong Kong, I decided to move permanently back to Canada with my family. For car enthusiasts/people who drive out of necessity in HK, one of the key things is getting rid of your vehicle.
Actually made up my mind to move around March to take the one way ticket flight out end of July so that left me with only 4 months to sell. I had looked at the options:
- keep the cars in HK, rent a cheap spot in a village and cover it up with a decent car cover and ask friends to check/start/charge the cars once a month. Keep this until I've settled into Canada for 6 months and definitely sure about my decision (personally I'm sure as I already told my residence in HK).
- put it into consignment sale at a used car dealer. They charge a monthly fee. This works well as you have to pay for parking like option one anyway and a good dealer will keep your car in good show condition. But in my case for one of the cars I know a new generation update is coming out so want to be rid of it before the price dips.
- cash purchase on the spot by a used car dealer. For one of the cars and my motorcycle this is what I went with. They came to me, plugged in computers to read fault codes, test drove it and made me an offer (well I told them what my bottom line price was before the meeting). They confirmed all in good mechanical condition and kept their word of my bottomline price. I had set my price 30% lower than what similar cars on 28car.com was asking leaving them margin to make a living. It was a balance of not having to deal with time wasting asses and how much at the end of the day I am willing to take a hit for. If you have the time and your vehicle is a mainstream car for HK market, you can definitely recoup more money by selling private.
Was similar for my motorcycle, I asked over phone if they are interested in cash purchase, they said yes. I rode to their shop, they took a look and asked me how much I want. Typical "they need to talk to boss" I left the bike there and said they either cash buy it or I consign it (pay monthly fee 700hkd to have them market and keep it in good condition which is fair since parking is that much already). Got to me the next day offered again 30% off what similar bikes were listing on 28car and ibike. Sold, goodbye bike.
- another car was sold to a friend. A used car dealer offered me a rock bottom price and before I accepted, I sent a message to close friends they have two days to let me know if they want to take it for that price. In the end my neighbour bought it.