Trade bid on luxury cars? How do you know?
Discussion
I was just wondering is there anywhere to find out what the trade price on luxury cars is? I know there are things like Glass guide but do they really give an accurate price on higher end cars. For example Porsches, R8s, Bentley etc.
The reason I’m asking is I was wondering what sort of margin they had on these sorts of cars. Say for example a Bentley worth £50k retail, what would they be offering? I’m guessing somewhere around £42kish.
Thanks.
The reason I’m asking is I was wondering what sort of margin they had on these sorts of cars. Say for example a Bentley worth £50k retail, what would they be offering? I’m guessing somewhere around £42kish.
Thanks.
They are in Glass's guide but as per the name it's only a guide and although my trading with prestige is very limited, some traders will pay more, some will pay less it depends on options, history condition, estimated mechanical recon and whether they think they have a buyer lined up. Very hard to judge, especially as they may have bought the car 2 months ago and it could be losing £700 a month in the book. I was talking to a trader recently who was losing that on CL600 sat on his pitch.
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