Buying a new S3. 'Ow much!?
Discussion
I have been discussing trading in my S3 for a new one with the two dealerships who know the car and am very disappointed with their offers. I am OK with paying something extra for the convenience of buying locally but feel this should be measured in 00s, not 000s. Obviously I can't discuss the specifics, but believe we can discuss dealers margins etc in general.
My starting point is the 8 to 10% discount brokers will get off list of the new car. Then I have taken the Parkers (adjusted) part exchange value, which gives a switching figure of around 16K. The local dealers want 20K or more.
Also, looking at what Audi would advertise my old car for, they seem to want a margin of 5-6K; I understand they will have to provision for a warranty and make a living, but this seems over the top.
So is my starting point for the switching cost reasonable?
How much should I expect to pay for the convenience of dealing with Audi locally?
All thoughts and advice welcome.
Chris
My starting point is the 8 to 10% discount brokers will get off list of the new car. Then I have taken the Parkers (adjusted) part exchange value, which gives a switching figure of around 16K. The local dealers want 20K or more.
Also, looking at what Audi would advertise my old car for, they seem to want a margin of 5-6K; I understand they will have to provision for a warranty and make a living, but this seems over the top.
So is my starting point for the switching cost reasonable?
How much should I expect to pay for the convenience of dealing with Audi locally?
All thoughts and advice welcome.
Chris
Thanks for your comments; I had not understood that Parkers was not well regarded.
I do understand the points about market price, and trade versus private sales, but would folks expect there to be a £6K margin on selling a decent S3 at Audi, or something more like £3K?
Any real examples anybody?
Chris
I do understand the points about market price, and trade versus private sales, but would folks expect there to be a £6K margin on selling a decent S3 at Audi, or something more like £3K?
Any real examples anybody?
Chris
Thanks again for lots of good comments.
I'm new to posting here but the forum rules seem pretty clear that I can't seek a valuation, so I will steer clear of that. However, the car is high spec, FAudiSH, in good condition and fully up to date on services. I had completely forgotten that vat would kick in for a dealer, but had assumed £1000 cost for preparation and warranty; maybe not enough though. Anybody like to give a different estimate for warranty and prep?
The higher dealer offer included a deduction of £500 for further depreciation in the four months delivery time for the new car, which looks fine to me.
The good news is that I can stand to have two cars for a time, if that's going to get me a significantly better result. I think I will check out some independent dealers too then see what I think.
Chris
I'm new to posting here but the forum rules seem pretty clear that I can't seek a valuation, so I will steer clear of that. However, the car is high spec, FAudiSH, in good condition and fully up to date on services. I had completely forgotten that vat would kick in for a dealer, but had assumed £1000 cost for preparation and warranty; maybe not enough though. Anybody like to give a different estimate for warranty and prep?
The higher dealer offer included a deduction of £500 for further depreciation in the four months delivery time for the new car, which looks fine to me.
The good news is that I can stand to have two cars for a time, if that's going to get me a significantly better result. I think I will check out some independent dealers too then see what I think.
Chris
I'm certainly glad I came here to get some advice; even if it just confirms 'ow much running a decent car costs!
Mr Glass says trade in average for my car is £13.7 while excellent is £15.2, dealer retail is £17.8 and private is £16.8. The dealer retail number seems in line with similar cars on the Audi web sites, after some discount. I guess I will talk to the more realistic dealer about why the car is not significantly closer to excellent, but at least we are in conversation distance on the current S3.
However, the dealer with the "realistic" trade in valuation is only offering 4-5% discount rather than the 8-10% via brokers; looks like I could be having some interesting discussions this week.
Meanwhile, seen a couple of ex-demos that might be interesting.
Still happy to read any more thoughts and thanks to everybody again.
Chris
Mr Glass says trade in average for my car is £13.7 while excellent is £15.2, dealer retail is £17.8 and private is £16.8. The dealer retail number seems in line with similar cars on the Audi web sites, after some discount. I guess I will talk to the more realistic dealer about why the car is not significantly closer to excellent, but at least we are in conversation distance on the current S3.
However, the dealer with the "realistic" trade in valuation is only offering 4-5% discount rather than the 8-10% via brokers; looks like I could be having some interesting discussions this week.
Meanwhile, seen a couple of ex-demos that might be interesting.
Still happy to read any more thoughts and thanks to everybody again.
Chris
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