Trade in values.
Discussion
I am considering changing my Vantage , keeping within the marque of course.
As I am away alot I cant manage to drop into many different dealers at the moment. However my local Aston dealer gave me a poor £24000 pounds valuation for trade in against a newer model. Online most 2006 V8 vantages with my spec and mileage are mid £30's in price. Can I expect other non Aston dealers to be a little fairer in their dealings or is this the norm, should I just stick with a private sale?.
There is nothing wrong with car, immaculate condidtion low miles.
As I am away alot I cant manage to drop into many different dealers at the moment. However my local Aston dealer gave me a poor £24000 pounds valuation for trade in against a newer model. Online most 2006 V8 vantages with my spec and mileage are mid £30's in price. Can I expect other non Aston dealers to be a little fairer in their dealings or is this the norm, should I just stick with a private sale?.
There is nothing wrong with car, immaculate condidtion low miles.
well that's about their margin so don't expect much more from a dealer .......don't forget, by the time they have serviced it and done whatever else is necessary and shoved a 12 month warranty on it + a 15% margin, your looking at 6-8K from what they offer you. Selling privately can be nightmare if you haven't done it before, but you will almost certainly get more money for it.
As Michael says, service it, warranty it, carry out any paint or mechanical repairs,make a 10 to 15 % margin, pay VAT on the profit from the deal, pay the salesman etc etc you are probably going to be lucky to get much more elsewhere.
If you happen on a car that they have had in stock for a while and they are looking to do an end of quarter/ year deal to help their figures out you may get some more.
Many of the risk adverse buyers wouldn't want to take on your car privately as they want the safety net of the manufacturer/dealer warranty.
If you pay for the next service and put an AM warranty on your car it will probably cost you £3,000 so you are at £27,000 you would still need to price it below the dealers so say £33,000 and be prepared to be haggled down so say £32,000 to £31,000. Perhaps an additional £4,000 to £5,000 for you but you will be looking to cover insurance on any unknown test drivers etc.
You could try selling it without a warranty but you will probably be severely restricting your potential buyer base that way and any buyer will be looking for the car to be priced accordingly as they will then be taking all the future risk on mechanical breakdowns/failures.
If you happen on a car that they have had in stock for a while and they are looking to do an end of quarter/ year deal to help their figures out you may get some more.
Many of the risk adverse buyers wouldn't want to take on your car privately as they want the safety net of the manufacturer/dealer warranty.
If you pay for the next service and put an AM warranty on your car it will probably cost you £3,000 so you are at £27,000 you would still need to price it below the dealers so say £33,000 and be prepared to be haggled down so say £32,000 to £31,000. Perhaps an additional £4,000 to £5,000 for you but you will be looking to cover insurance on any unknown test drivers etc.
You could try selling it without a warranty but you will probably be severely restricting your potential buyer base that way and any buyer will be looking for the car to be priced accordingly as they will then be taking all the future risk on mechanical breakdowns/failures.
It may be worth checking with a specialist, like McGurk.
Either for trade-in against one of their stock, direct sale to them, or for them to market on your behalf.
When you asked for a trade-in at your loca main dealer, was this just a price to take it off your hands, or against an existing car in stock?
The 'value' of any trade-in car (at any brand of dealer, not AM-specific), can vary wildly depending on the profit margin of the car they are selling. If there is a big margin, then they can/may offer what seems like more for your car in trade-in.
However, if you approached them with cash, they will be able to offer a discount on the car they are selling.
Like all deals on selling/buying cars, you make most selling privately and buying with cash.
The downside is having to 'deal with the public' when selling and being prepared to walk away when buying, when the dealer is trying it on.
Either for trade-in against one of their stock, direct sale to them, or for them to market on your behalf.
When you asked for a trade-in at your loca main dealer, was this just a price to take it off your hands, or against an existing car in stock?
The 'value' of any trade-in car (at any brand of dealer, not AM-specific), can vary wildly depending on the profit margin of the car they are selling. If there is a big margin, then they can/may offer what seems like more for your car in trade-in.
However, if you approached them with cash, they will be able to offer a discount on the car they are selling.
Like all deals on selling/buying cars, you make most selling privately and buying with cash.
The downside is having to 'deal with the public' when selling and being prepared to walk away when buying, when the dealer is trying it on.
Sounds pretty normal for a straight trade in...of course it depends on what you are trading in for, and how much the dealer is making on the car you are buying. The dealer is looking at the overall profit to him and you could go somewhere else and they offer you £26K but the car you are buying has £2K more profit in it for the dealer
If you can find a few cars you like in different dealers you can go around between them trying to drive the best deal. You can also sell private, get cash and give yourself more flexibility for the next purchase
...whichever way you look at it though, you always usually lose plenty of cash buying/selling cars, and the cost to buy/sell in dealer margins alone can run into many thousands each time you change car....you can reduce this by not changing car so often or driving a hard bargain buying privately from motivated sellers
If you can find a few cars you like in different dealers you can go around between them trying to drive the best deal. You can also sell private, get cash and give yourself more flexibility for the next purchase
...whichever way you look at it though, you always usually lose plenty of cash buying/selling cars, and the cost to buy/sell in dealer margins alone can run into many thousands each time you change car....you can reduce this by not changing car so often or driving a hard bargain buying privately from motivated sellers
There is an awful lot of money that can be saved if you are willing to do a bit of work and you can end up with a better car (younger/lower mileage) and a longer better non AM (wear and tear included) warranty.
Some dealers don't really deal so take your time and do your research. Travel.
I have always liked knowing who the previous owner was and if they ride the clutch, hammer it cold or keep it under a tree etc...!
Lots of caveats selling privately but all manageable... Horses/courses!
Some dealers don't really deal so take your time and do your research. Travel.
I have always liked knowing who the previous owner was and if they ride the clutch, hammer it cold or keep it under a tree etc...!
Lots of caveats selling privately but all manageable... Horses/courses!
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