Car valuation help please

[muppets_mate]

We've got the option to by my girlfriend's company car from the lease company. I wondered if a kind PHer with a CAP/Glass's guide could give me a valuation so we've got a good idea if the lease company's valuation is reasonable and see if it makes financial sense for us. The details are:

2008/58
BMW 118d SE
Efficient Dynamics
3 door
10k miles
FBMWSH

Thanks in advance.

[uncinquesei]

i wouldn't put too much hope in to getting the upward adjustment for low miles but it's what Glasses says...
Also, with out the reg i had to pick one bmw 118d se 3dr 08 58 from 5 different options so i picked the middle one. If you want the actual valuation , send me the reg,
Cheers.

[muppets_mate]

Thanks for your quick responses chaps

Cracked Fox: I thought the Vauxhall Glass's valuation guide site was removed in the summer. The one I found on your advice is new to me but now bookmarked for future reference!

uncinquesei: that's really interesting. Cracked Fox's Vauxhall/CAP site values it at £9,125-£9,725, your Glass's at £9,875. It makes the lease company's valuation of £11,000 seem expensive especially if you think the mileage adjusted value is unlikely.

I'll PM you the reg, is there anything else you need to get a more accurate valuation?

Thanks again for your help

[uncinquesei]

reg should be enough - if there's any "packs" or big options they'd be useful.

[mcflurry]

muppets_mate said:

It makes the lease company's valuation of £11,000 seem expensive especially if you think the mileage adjusted value is unlikely.

Using the other one, £10600 value to the trade, and they're offering it for £11000. Doesn't seem a million miles off the mark, by the time you've factored in their paperwork IMHO

[Kevin VRs]

mcflurry said:

Using the other one, £10600 value to the trade, and they're offering it for £11000. Doesn't seem a million miles off the mark, by the time you've factored in their paperwork IMHO

This, seems very reasonable to me.

[uncinquesei]

no one in the trade would give the adjusted figure though... @muppets mate - you have mail.

[muppets_mate]

mcflurry said:

Using the other one, £10600 value to the trade, and they're offering it for £11000. Doesn't seem a million miles off the mark, by the time you've factored in their paperwork IMHO

True, I hear what you're saying, but what are their logistics, prep and admin costs to get the car back, prep it and get it to auction and paperwork processed versus a straight purchase by us? Their only costs would be paperwork in the latter scenario, no?

[muppets_mate]

uncinquesei said:

no one in the trade would give the adjusted figure though... @muppets mate - you have mail.

Thanks, got your mail and replied, really helpful

Very interesting point about the trade's view of the adjusted figure.

[TonyRPH]

Surely a good guide is to look at what they're retailing for?

That'll give you some idea of the value of your car.

I'm guessing the lease company are not going to retail it back to you for less than the market value shirly?

[uncinquesei]

the lease company won't be retailing it though.. they'll sell it but without any of the retail benefits. The alternative for them is send it to auction - definitely won't get retail there...

[muppets_mate]

TonyRPH said:

Surely a good guide is to look at what they're retailing for?

That'll give you some idea of the value of your car.

I'm guessing the lease company are not going to retail it back to you for less than the market value shirly?

I wouldn't expect to pay retail for it though because I'm not getting a retail service (warranty, etc). I'd have no comeback if any problems arose like I would if bought from a dealer with the associated back up.

From the information on this thread the market (trade) would value it at between £9.2k-£9.9k, this is what the lease company are likely to achieve if they put it through auction.