have you ever had a good part exchange deal?
Discussion
LaurasOtherHalf said:
as the title says really? your car is worth £20k say & they've given you what it's worth (instead of say £14k?).
And does someone hold a gun to your head and force you to trade it in?If you arent getting a good deal, go elsewhere.
If you arent getting a good deal anywhere, either your expectations are too high OR no motor trader sees the 'true' value of your car so just sell it privately.
Simples.
Small Car said:
Troubleatmill said:
Which would make you feel better?
£2K extra on your trade in ( above market value )
or
£2K discount on the car you are buying
It's all about the psychology.
The feeling of "win win" is repeat business for the dealer.
Both...£2K extra on your trade in ( above market value )
or
£2K discount on the car you are buying
It's all about the psychology.
The feeling of "win win" is repeat business for the dealer.
AlexRS2782 said:
Going back quite a few years when I p/x'd my low mileage 106 GTI in for a 306 Cabriolet at my local Pug dealer they gave me full price for the car
This however was only due to the fact that at the time I was agreeing a deal for the 306 another lad walked into the showroom indicating he was looking to buy a low mileage 106 GTI. He overheard me & the sales guy talking about p/x'ing mine, and the dealer not wanting to lose out on another sale agreed to take my car at full price there & then, no doubt so they could sell it straight on to the other lad.
Enlighten me, what's a full price on a PX!? Who is the dealer here!?This however was only due to the fact that at the time I was agreeing a deal for the 306 another lad walked into the showroom indicating he was looking to buy a low mileage 106 GTI. He overheard me & the sales guy talking about p/x'ing mine, and the dealer not wanting to lose out on another sale agreed to take my car at full price there & then, no doubt so they could sell it straight on to the other lad.
AlexRS2782 said:
Going back quite a few years when I p/x'd my low mileage 106 GTI in for a 306 Cabriolet at my local Pug dealer they gave me full price for the car
This however was only due to the fact that at the time I was agreeing a deal for the 306 another lad walked into the showroom indicating he was looking to buy a low mileage 106 GTI. He overheard me & the sales guy talking about p/x'ing mine, and the dealer not wanting to lose out on another sale agreed to take my car at full price there & then, no doubt so they could sell it straight on to the other lad.
Presumably making absolutely no money at all as they'd given you 'full price'?This however was only due to the fact that at the time I was agreeing a deal for the 306 another lad walked into the showroom indicating he was looking to buy a low mileage 106 GTI. He overheard me & the sales guy talking about p/x'ing mine, and the dealer not wanting to lose out on another sale agreed to take my car at full price there & then, no doubt so they could sell it straight on to the other lad.
I only P/ex cars I know I'd struggle to sell privately - so either its an unpopular car to start with or it has issues.
The last p/ex deal I did was when I chopped in my Hyundai Coupe for my 330i Touring - the dealer gave me £1200 for the Hyundai against the £5k screen price of the BMW.
I'd paid just under £2k for the Hyundai about 6 months previously so was taking an £800 kicking however it hadnt really cost me anything in maintenance, I didnt have any evidence the cambelt had been done and it had suspension/brakes issues lurking for the next MOT.
The one before that was when I bought the Hyundai - as said paid £2k for it, p/exd a Mondeo Diesel for it which had a month left on the MOT - it had a knackered front wheelbearing, needed the belts & tensioners doing, rear subframe was knocking its nuts off and it needed 4 tyres. It would have cost hundreds to get it through the MOT and I'd have had to give it away privately - the dealer obviously had diesel-tinted glasses on as I snapped his hand off when he offered me £700 for the p/ex deal - although to be fair the Hyundai was overpriced.
The last p/ex deal I did was when I chopped in my Hyundai Coupe for my 330i Touring - the dealer gave me £1200 for the Hyundai against the £5k screen price of the BMW.
I'd paid just under £2k for the Hyundai about 6 months previously so was taking an £800 kicking however it hadnt really cost me anything in maintenance, I didnt have any evidence the cambelt had been done and it had suspension/brakes issues lurking for the next MOT.
The one before that was when I bought the Hyundai - as said paid £2k for it, p/exd a Mondeo Diesel for it which had a month left on the MOT - it had a knackered front wheelbearing, needed the belts & tensioners doing, rear subframe was knocking its nuts off and it needed 4 tyres. It would have cost hundreds to get it through the MOT and I'd have had to give it away privately - the dealer obviously had diesel-tinted glasses on as I snapped his hand off when he offered me £700 for the p/ex deal - although to be fair the Hyundai was overpriced.
Got a little bit above book for my Alfa GT because it had FSH, the dealer could see it was spotless and had just passed MOT with no advisories. He then marked it up £1k and it sold on within a week.
Car I was chopping it in for was the cheapest 330i in the UK with that particular age/mileage because it had a few cosmetic issues that I was prepared to sort myself (and I am well on the road to fixing).
It should always be about the cars in question.
Car I was chopping it in for was the cheapest 330i in the UK with that particular age/mileage because it had a few cosmetic issues that I was prepared to sort myself (and I am well on the road to fixing).
It should always be about the cars in question.
Missus wanted a bigger car when she had the bun in the oven. Found a Meriva at a back street dealer for 2k.
I polished the 52my corsa she had at the time, that had 100k, 4 balding tyres, timing chain rattle and a massive leak so the foot wells were soaked.
Walked out with a 54my meriva, 50k, no real issues (but no history) and got £1100 PX for the corsa.
Couldn't have signed more quickly, I'd have struggled to get £950 privately.
I polished the 52my corsa she had at the time, that had 100k, 4 balding tyres, timing chain rattle and a massive leak so the foot wells were soaked.
Walked out with a 54my meriva, 50k, no real issues (but no history) and got £1100 PX for the corsa.
Couldn't have signed more quickly, I'd have struggled to get £950 privately.
R26Andy said:
Yes, dealership was about to change hands, 15 months warranty, 6 months tax and I got 11700 for a car they then sold for 11999. Happy days.
Edit, car I bought was up at comparable prices to other dealers except this one had more options fitted.
Then they had welded on a load of discount they could have given you onto the price of your trade in.Edit, car I bought was up at comparable prices to other dealers except this one had more options fitted.
No dealer can work on a £299 gross margin.
I was happy with the last one I did. The car was a 2004 Mercedes ML350 with 50k miles and rear-end damage from when a BMW ploughed into me while I was stationary. WBAC priced it at 4.5k without taking the damage into account. The Honda dealer took a long look at it, test drove it, and offered me 6k P/X value against a new Insight, which they were really struggling to shift.
I was surprised at how thorough they were when appraising it. The dealer checked everything right down to the toolkit and locking wheelnut keys. He said that he had stripped the deal to the bare minimum so he had to be confident that the P/X wouldn't throw up any surprises in the auction hall.
I was surprised at how thorough they were when appraising it. The dealer checked everything right down to the toolkit and locking wheelnut keys. He said that he had stripped the deal to the bare minimum so he had to be confident that the P/X wouldn't throw up any surprises in the auction hall.
There seem to be a lot of people happy with their last P/X, which is not what I was expecting.
Now, I understand that the sample is self selecting, because if you weren't happy, you probably didn't deal, so you wouldn't post on this thread. (We could have a separate thread for "worst part exchange offer"...)
But it seems clear that dealers are paying good - in some cases above book - money for P/Xs. Any dealers want to comment on why this is? Is it easier to over-value a P/X than to give showroom discount? Is it because these cars are fetching strong money in the auctions? Does it flatter the sales target numbers?
Now, I understand that the sample is self selecting, because if you weren't happy, you probably didn't deal, so you wouldn't post on this thread. (We could have a separate thread for "worst part exchange offer"...)
But it seems clear that dealers are paying good - in some cases above book - money for P/Xs. Any dealers want to comment on why this is? Is it easier to over-value a P/X than to give showroom discount? Is it because these cars are fetching strong money in the auctions? Does it flatter the sales target numbers?
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