Part-Ex Valuation

[evenflow]

Looking to swap cars at the moment Did a Glasses valuation on the Vauxhall site. My car has quite a few desirable extras and is in great nick, so took the top trade in price as a guideline.

Rang a main dealer to talk to them about my part-ex against a car they have in stock. He went away to do some research, and came back quoting me a part-ex value of about 60% of what Glasses said.

I know values are subjective, Glasses is by definition a guide, but is this a bit of a piss take?

[sjg]

He probably just doesn't want your trade-in. Either you'll decide to sell elsewhere and go ahead without a trade-in, or he'll get it so cheap he can dispose of it very quickly and still make something on it.

[Soovy]

Sadly they do this. You haev to take it or sell another way.

[evenflow]

Such a pain, I had budgeted based on Glasses.

Business is business I suppose!

[POORCARDEALER]

evenflow said:

Looking to swap cars at the moment Did a Glasses valuation on the Vauxhall site. My car has quite a few desirable extras and is in great nick, so took the top trade in price as a guideline.

Rang a main dealer to talk to them about my part-ex against a car they have in stock. He went away to do some research, and came back quoting me a part-ex value of about 60% of what Glasses said.

I know values are subjective, Glasses is by definition a guide, but is this a bit of a piss take?

What is the car exactly that you have??

Bad new is I have the June glasses guide in front of me and mundane cars like 08 Mondeos have dropped £800-900! Huge drops accross the board.

[crostonian]

Down to CAP levels then!

[evenflow]

2004/04 325Ci MSport Convertible.
62k
Black/black leather
19" M3 alloys
Harmon Kardon
rear parking sensors
climate control
heated seats
Year's MOT
4 new tyres < 500 miles ago
8k until next service
FBMWSH

[crostonian]

£7325 in May's CAP. I find the six cylinder BMW Coupe/Convertibles hard work unless they are the 330 that maybe the reason for the low bid - the wheels detract if anything but the leather should add a bit in redress

[evenflow]

Thanks for the CAP value.

Glasses said top book at £8800 - dealer offered £5500.

[POORCARDEALER]

anonymous said:

[redacted]

How can they unless you bought the stock today? Any stock bought last month and still owned in another month will look overpriced

If I have 50 cars on my pitch and they have dropped an average of 500 each, its bad news

[POORCARDEALER]

evenflow said:

Thanks for the CAP value.

Glasses said top book at £8800 - dealer offered £5500.

If its manual gearbox it books at 8175 today trade

[POORCARDEALER]

anonymous said:

[redacted]

Glasses saying usual stuff really, downturn in demand, bank hoidays one after another, also auction houses clogged up with over priced dealer part exchanges that dealers are unwilling/unable to take todays money for....chances are they gave too much in swop to do a deal, and dont want to show the loss to their head office!!

[evenflow]

POORCARDEALER said:

evenflow said:

Thanks for the CAP value.

Glasses said top book at £8800 - dealer offered £5500.

If its manual gearbox it books at 8175 today trade

Thanks PCD. It's an auto, for my sins...

[POORCARDEALER]

evenflow said:

POORCARDEALER said:

evenflow said:

Thanks for the CAP value.

Glasses said top book at £8800 - dealer offered £5500.

If its manual gearbox it books at 8175 today trade

Thanks PCD. It's an auto, for my sins...

Auto +£1K, so 9175.

[evenflow]

POORCARDEALER said:

evenflow said:

POORCARDEALER said:

evenflow said:

Thanks for the CAP value.

Glasses said top book at £8800 - dealer offered £5500.

If its manual gearbox it books at 8175 today trade

Thanks PCD. It's an auto, for my sins...

Auto +£1K, so 9175.

Thanks again, much appreciated. I know times are tough but I just can't take 5.5k (or anywhere near) for it then.

[evenflow]

anonymous said:

[redacted]

Come on now, you'd love a convertible. Just imagine it, wind in your hair, your favourite gal on your arm. Go on, you know you want it.

[pedrotunes]

June CAP clean is 7550 and 7025 for average. So a £200 uplift from May due to seasonality.

Hope that helps.

Edited by pedrotunes on Friday 27th May 15:11

Edited by pedrotunes on Friday 27th May 15:13

[evenflow]

pedrotunes said:

June CAP clean is 7550 and 7025 for average.

Hope that helps.

Thanks Pedro, much appreciated. £200 rise May -> June. Presume that's the effect that summer has on convertible prices?

[GBB]

Now is the time thats for sure. When I sold my Saab Cab in May (albeit 6 yrs ago) the cash price (I was selling up to fund a business) he offered was valid for 2 months, he knew he'd sell it all day long as long as the sun was out. I sold it privately for more but not much more. I've now got another convertible as a second car and I'd forgotten how great they are.

You might find your 325 is a bit old for some dealers so they'll factor in risk of what they'll get at auction.

[mike325112]

Thread hi-jacking slightly but could some kind soul give me a CAP price for an 03 330d saloon. 6sp gear manual 204bhp SE with leather. 76k with full main dealer BMW service history (2003 upated model).

Sorry for being cheeky - I think the Mrs wants too much for it.