Secondhand car prices

[Bolebroke]

Looking to buy a cheap second hand V8 Range Rover from a main dealer I was told that prices have gone up 20% since December....should I believe him and rush out and buy one now ..?

[Jasandjules]

Bolebroke said:

Looking to buy a cheap second hand V8 Range Rover from a main dealer I was told that prices have gone up 20% since December....should I believe him and rush out and buy one now ..?

I think V8Mate was saying that dealers are currentyl struggling to get stock and so auction prices are going up...

[Big Rod]

I asked a trader how much he'd give me for my '03 plate Frontera yesterday as a trade in.

£1100!!!

Now I know they're not 'great' cars in the grand scheme of things, but it's only a shade over 5 years old!!!

[Nolar Dog]

How much did you think your Frontera would be worth Rod?

Serious question.

[isee]

Big Rod said:

I asked a trader how much he'd give me for my '03 plate Frontera yesterday as a trade in.

£1100!!!

Now I know they're not 'great' cars in the grand scheme of things, but it's only a shade over 5 years old!!!

been offered £800 as a trade in for my bmw 330i (full service history) 2001.

[Mr Gear]

isee said:

been offered £800 as a trade in for my bmw 330i (full service history) 2001.

Is it a diesel? If so, I'll give you £805. Otherwise, no deal.

Edited by Mr Gear on Monday 16th February 12:01

[levron73]

I've just purchase a 2005 Golf GTi and 2007 Touareg form a private dealer - he said that he was having his busiest month for about the past 6.

he said that in Nov / Dec 2008 there was a lot of quality 2nd hand car stock available for good prices but Jan / Feb 2009 they have seen a distinct lack of any "decent" stock being made available. He said something similar to V8Mate auction reports - basically the big main dealers (merc / BMW / VW / Audi / LR) are buying up all the auction stock and increased prices leaving independents struggling or having to pay higher prices for better stock thus pushing up the prices.

he went on to say that he only sees this situation getting worse as the new regs are so far down that that the knock on effect will happen 12-18 months down the line where there are much fewer 2nd hand cars coming through - sign of the times I guess!

Before I bought the Touareg I looked at Disco 3's - in November I could have got a great spec 3 year old for £19k - now all up at around £21k to £22k

[Big Rod]

Nolar Dog said:

How much did you think your Frontera would be worth Rod?

Serious question.

Well, to give you a rough idea, when I bought just under two years ago, they were selling very quickly, (I specifically wanted one of these and just couldn't get to them quick enough!!!), for about £7k - £8k. To be fair, I got what I thought was a fairly good deal on mine at the time.

I tried to sell it last year, (conveniently just after fuel prices went through the roof and the VED fiasco hit the headlines!), for about £6k and reduced the price over the course of six weeks to about £4250 and didn't get one serious phonecall for it.

I appreciated that it'd taken a bit of a hit, and that it'd be worth less as a trade in, but I'd have thought on around the £3k mark or thereabouts.

And that wasn't the dealer making it up, that was from Parkers.

I know it's not a great deal of money in the grand scheme of things, but like many people, I don't have money to burn at the moment.

Do you think that's unreasonable?

[isee]

Mr Gear said:

isee said:

been offered £800 as a trade in for my bmw 330i (full service history) 2001.

Is it a diesel? If so, I'll give you £805. Otherwise, no deal.

Edited by Mr Gear on Monday 16th February 12:01

If it was a diesel I would have called it a 330d

it's ok I've been shown a 1.5k bid since but still not selling it for under 2.5k

[Big Rod]

Gazboy said:

I've had to admit defeat on this poxy babyseat and sell my Supra, what I've noticed is virtually everything has held or gone up in the last three months though there are a few bargains floating about.

What kind of Supra?

I've been in discussions with SWMBO and a MKIII was part of the deal.

[Mr Gear]

isee said:

Mr Gear said:

isee said:

been offered £800 as a trade in for my bmw 330i (full service history) 2001.

Is it a diesel? If so, I'll give you £805. Otherwise, no deal.

Edited by Mr Gear on Monday 16th February 12:01

If it was a diesel I would have called it a 330d

it's ok I've been shown a 1.5k bid since but still not selling it for under 2.5k

Only winding you up. Trade-in prices are always crap. Find the right buyer and I'm sure you'll see at least £2k.

[SAGPACK]

Just spoke this morning to a good friend who's in the trade (I do buy my cars from him) and they are seriously struggling to get stock. He also told me that their unofficial buyer who looks for stuff for them at auctions told them that good stock is going through the auctions above book, eg a RRS S'charged (no detail on exact vehicle) went through for £4K more than book. The buyer chap said that it was just too strong for him so he bought nothing at that auction. My friend and his business are down to their lowest level of stock in years! Less new cars is def. having an impact on supply and prices.

[Nolar Dog]

Big Rod said:

Nolar Dog said:

How much did you think your Frontera would be worth Rod?

Serious question.

Well, to give you a rough idea, when I bought just under two years ago, they were selling very quickly, (I specifically wanted one of these and just couldn't get to them quick enough!!!), for about £7k - £8k. To be fair, I got what I thought was a fairly good deal on mine at the time.

I tried to sell it last year, (conveniently just after fuel prices went through the roof and the VED fiasco hit the headlines!), for about £6k and reduced the price over the course of six weeks to about £4250 and didn't get one serious phonecall for it.

I appreciated that it'd taken a bit of a hit, and that it'd be worth less as a trade in, but I'd have thought on around the £3k mark or thereabouts.

And that wasn't the dealer making it up, that was from Parkers.

I know it's not a great deal of money in the grand scheme of things, but like many people, I don't have money to burn at the moment.

Do you think that's unreasonable?

I would have thought his £1100 valuation was in the correct regio to be honest, if not a touch on the low side.

Obviously the car is worth more than that to you so with that in mind it's not unreasonable to expect more.

Not sure if there is a middle ground though. Dealers won't want to pay a lot and you won't want to "give it away".

Tricky.

[Chris71]

Bolebroke said:

Looking to buy a cheap second hand V8 Range Rover from a main dealer I was told that prices have gone up 20% since December....should I believe him and rush out and buy one now ..?

4X4s are supposed to be recovering from their recent slump, so I can believe it, but I get the impression second hand car prices on the whole are still going down?

[schmalex]

Bolebroke said:

Looking to buy a cheap second hand V8 Range Rover from a main dealer I was told that prices have gone up 20% since December....should I believe him and rush out and buy one now ..?

I'm toying with the idea of selling mine. 04 V8. PM me for details if you are interested....

[SAGPACK]

Chris71 said:

Bolebroke said:

Looking to buy a cheap second hand V8 Range Rover from a main dealer I was told that prices have gone up 20% since December....should I believe him and rush out and buy one now ..?

4X4s are supposed to be recovering from their recent slump, so I can believe it, but I get the impression second hand car prices on the whole are still going down?

I think you're right Chris71 but my dealer friend said that he tried to buy a Cayman this week for the second time after being rebuffed about a week to ten days ago and this week he was offering more, by some few thousands more,but was still not hitting what the seller wanted...hence less stock all round and unhappy punters and unhappy dealers

[ITP]

Great!
Rather than 'or nearest offer' maybe we should now be saying 'best offer above'.
Any dealers on here want my E90 330iSE, 35k miles, 9k of extra's (39k new). Offers over 14k, start bidding!!

[irocfan]

don't make you wrong on that... seen Lighning prices range from the lowish (mine!) to over £2k more and the more expensive ones seem to be selling - just weird, makes me want to put my price up to try and see if that'll help!

[Futureologist]

4x4 prices are now were they were in January last year.

[Big Rod]

Gazboy said:

MKIV TT.

If you look in the classifieds, prices are all over the place, there is no 'trend' to get as a guide to advertise. Too low and people report you as a scam, too high and the phone won't ring.

Yeah, I know. There's a couple of really tidy MKIIIs about at the moment with very reasonable price tags, but by the same measure, there're a couple of real dogs with grossly inflated prices. Go figure!