Can I get a part-exchange value without the faff?
Discussion
Based on online valuations, I have a rough idea of what our Audi TT is worth. But it is quite new and has some expensive options which could alter the value.
Even when I contact a dealership to enquire about a specific car we're interested in, they refuse to give me a part-ex value until I've been in to look at the new car and discussed it all with them.
Do they just pluck the part-ex number out of thin air depending on the finance options, etc that I take? Surely they should be able to give me a value over the phone?
Even when I contact a dealership to enquire about a specific car we're interested in, they refuse to give me a part-ex value until I've been in to look at the new car and discussed it all with them.
Do they just pluck the part-ex number out of thin air depending on the finance options, etc that I take? Surely they should be able to give me a value over the phone?
Its not in their interest to give a value over the phone. They want you in the dealership so they can sell you the product.
They wont waste their time just giving you a rough value over the phone because they will likely never hear from you again.
Plus, if they were to value it over the phone and when it turned up and was a nail, most customers would stand and argue that they have to stand on the price given.
They wont waste their time just giving you a rough value over the phone because they will likely never hear from you again.
Plus, if they were to value it over the phone and when it turned up and was a nail, most customers would stand and argue that they have to stand on the price given.
Adz The Rat said:
Its not in their interest to give a value over the phone. They want you in the dealership so they can sell you the product.
They wont waste their time just giving you a rough value over the phone because they will likely never hear from you again.
Plus, if they were to value it over the phone and when it turned up and was a nail, most customers would stand and argue that they have to stand on the price given.
Very much this. They wont waste their time just giving you a rough value over the phone because they will likely never hear from you again.
Plus, if they were to value it over the phone and when it turned up and was a nail, most customers would stand and argue that they have to stand on the price given.
Also you say you already have an idea of its worth so what's the issue?
R E S T E C P said:
Based on online valuations, I have a rough idea of what our Audi TT is worth. But it is quite new and has some expensive options which could alter the value.
Even when I contact a dealership to enquire about a specific car we're interested in, they refuse to give me a part-ex value until I've been in to look at the new car and discussed it all with them.
Do they just pluck the part-ex number out of thin air depending on the finance options, etc that I take? Surely they should be able to give me a value over the phone?
But you're asking them to pluck a figure out of the air sight unseen without working a deal on the car you want to buy. Even when I contact a dealership to enquire about a specific car we're interested in, they refuse to give me a part-ex value until I've been in to look at the new car and discussed it all with them.
Do they just pluck the part-ex number out of thin air depending on the finance options, etc that I take? Surely they should be able to give me a value over the phone?
It's really simple go to the dealer (make an appointment) and do a deal.
Just make you own valuation / estimation of how much it would sell for by observing the market - take the closer car to yours and see how much it's advertised for privately and by the trade. Your car is probably worth 5% less than the cheapest privately advertised car if you do sell privately and probably 15% less than the cheapest car sold by the trade if you part ex.
acr_nick said:
Stick your car on we buy any car and that will give you a very good idea what you will get offered px, given that most places just put your car out to trade instantly rather than want the risk of it being theirs to sell.
This.Get a quote from 'We Buy Any Car' and that will be the starting point for the value of any part-ex.
Also, don't assume options on your car will actually add any value, usually they only make a car easier to sell, being more attractive rather than actually adding to the price.
nickfrog said:
Just make you own valuation / estimation of how much it would sell for by observing the market - take the closer car to yours and see how much it's advertised for privately and by the trade. Your car is probably worth 5% less than the cheapest privately advertised car if you do sell privately and probably 15% less than the cheapest car sold by the trade if you part ex.
This is absolutely the best way. Not sure about the % figures but yours is simply worth a little less than a retail car and to get it sold one of the lower values of a private sale.There are may online sites that will give you a market value for your car by simply typing in the reg and the mileage. They all come up with very similar figures for trade in value and retail value.
Recent experience of trying to trade in a 2014 car with 30k for a brand new equivalent was extremely hard work. The first 2 dealers, very large multi franchise market leaders only wanted to offer to clear the finance left on the PCP. They can even show you on their fancy computer that your car is worth no more than they are offering." Honest Gov I don't mind showing you this as we have nothing to hide etc.etc."
Fortunately the 3rd dealer was more old school and offered exactly what the car was worth, £1500 more than the other two. He got the order for the new vehicle.
So it matters not a jot what valuation you put on your trade in, you need to find someone willing to pay it.
Recent experience of trying to trade in a 2014 car with 30k for a brand new equivalent was extremely hard work. The first 2 dealers, very large multi franchise market leaders only wanted to offer to clear the finance left on the PCP. They can even show you on their fancy computer that your car is worth no more than they are offering." Honest Gov I don't mind showing you this as we have nothing to hide etc.etc."
Fortunately the 3rd dealer was more old school and offered exactly what the car was worth, £1500 more than the other two. He got the order for the new vehicle.
So it matters not a jot what valuation you put on your trade in, you need to find someone willing to pay it.
Think about it.......If a dealer gives you a valuation over the phone - the dealer HAS to accept from you the condition/mileage/mot/owners/history etc., etc. If he gives you, what you regard as, a mean figure, based on that figure you may well decide not to take it any further with that particular dealer. He has then lost a potential sale. (It may also have been a potential loss for you).
If, on the other hand he takes your word for all the permutations above - and gives you a figure, over the phone, that is above anything that you were thinking of, you will be thoroughly disappointed, when, you turn up at the site and HE regards the vehicle as "not correctly described" and therefore offers you less than he said on the phone.
What I am describing is a situation where the dealer sometimes cannot win. Giving any sort of valuation over the phone is, at the very least, silly for both parties.
Another way that dealers are given the "run around" is when someone asks for a PX valuation on their car, and is given one, then walks away without doing a deal, then comes back a month later expecting exactly the same valuation, and is then shocked to learn that their car has gone down in value.....
I have no sympathy whatever with car dealers. Just as there are zillions of dodgy punters out there - there are also the same number of dodgy dealers - mostly in glass palaces.
If, on the other hand he takes your word for all the permutations above - and gives you a figure, over the phone, that is above anything that you were thinking of, you will be thoroughly disappointed, when, you turn up at the site and HE regards the vehicle as "not correctly described" and therefore offers you less than he said on the phone.
What I am describing is a situation where the dealer sometimes cannot win. Giving any sort of valuation over the phone is, at the very least, silly for both parties.
Another way that dealers are given the "run around" is when someone asks for a PX valuation on their car, and is given one, then walks away without doing a deal, then comes back a month later expecting exactly the same valuation, and is then shocked to learn that their car has gone down in value.....
I have no sympathy whatever with car dealers. Just as there are zillions of dodgy punters out there - there are also the same number of dodgy dealers - mostly in glass palaces.
When I bought my last car the entire transaction was done over the phone including valuation of the PX. I guess it depends on the feeling they get over the phone. If they hadn't have been able to do this they'd not have sold me the car as I'd not be driving 150 miles on the offchance I'd get a good deal.
First time I met them in person was the handover.
Obviously the dealer has to take your word for condition, but you have to take the dealers word for condition too. Had I arrived and found the car they were selling was not as they described, I would have walked away. Had I arrived and my pristine PX was less pristine than I'd told them, they'd have told me to jog on and rightly so.
First time I met them in person was the handover.
Obviously the dealer has to take your word for condition, but you have to take the dealers word for condition too. Had I arrived and found the car they were selling was not as they described, I would have walked away. Had I arrived and my pristine PX was less pristine than I'd told them, they'd have told me to jog on and rightly so.
This has always been the case hasn't it?
I was selling cars upto the mid 1980's & we never gave a px figure without seeing the car. Used Car Manager was responsible for underwriting their value for a deal.
We humble salesmen didn't even get to see a Glass's Guide unless it was the previous months copy!!
giblet. Are you changing the ISF?
I was selling cars upto the mid 1980's & we never gave a px figure without seeing the car. Used Car Manager was responsible for underwriting their value for a deal.
We humble salesmen didn't even get to see a Glass's Guide unless it was the previous months copy!!
giblet. Are you changing the ISF?
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