Trade in p##s take
Discussion
I have always considered that if I trade in a car against 'something I want', then I have to expect that the Dealer will want to make a profit on their sale and also be in a position with the trade in to also make money.
I dont realy have a problem with this and normally consider that if I accept the asking price I know they are making a profit. On my car I consider the market value less 15% gives a reasonable margin.
I know some of you will think I'm mad on my normal dealing but it works for me and this being a worse case scenario, I normally end up with a far better deal.
In the last two days I've made enquiries for used DB9's.
I am looking at 40k to 50k purchase price and knowing my car is worth easily 30k then I considered 25k for mine.
They offered me 15k.
I dont realy have a problem with this and normally consider that if I accept the asking price I know they are making a profit. On my car I consider the market value less 15% gives a reasonable margin.
I know some of you will think I'm mad on my normal dealing but it works for me and this being a worse case scenario, I normally end up with a far better deal.
In the last two days I've made enquiries for used DB9's.
I am looking at 40k to 50k purchase price and knowing my car is worth easily 30k then I considered 25k for mine.
They offered me 15k.
tbc said:
the only reason I would ever consider trading into a dealer would be if I had a car with pristine bodywork and interior which had an underlying wallet raping problem which was about to rear it's ugly head
IS that because you would be happy to stitch up a dealer, or you consider the dealer would have the contacts to resolve the raping problem cheaply and quickly whereas the public wouldn't?so called said:
I have always considered that if I trade in a car against 'something I want', then I have to expect that the Dealer will want to make a profit on their sale and also be in a position with the trade in to also make money.
I dont realy have a problem with this and normally consider that if I accept the asking price I know they are making a profit. On my car I consider the market value less 15% gives a reasonable margin.
I know some of you will think I'm mad on my normal dealing but it works for me and this being a worse case scenario, I normally end up with a far better deal.
In the last two days I've made enquiries for used DB9's.
I am looking at 40k to 50k purchase price and knowing my car is worth easily 30k then I considered 25k for mine.
They offered me 15k.
I guess it's the Evoque you are trying to lose?I dont realy have a problem with this and normally consider that if I accept the asking price I know they are making a profit. On my car I consider the market value less 15% gives a reasonable margin.
I know some of you will think I'm mad on my normal dealing but it works for me and this being a worse case scenario, I normally end up with a far better deal.
In the last two days I've made enquiries for used DB9's.
I am looking at 40k to 50k purchase price and knowing my car is worth easily 30k then I considered 25k for mine.
They offered me 15k.
Whilst your initial theory I'd go along with, the valuing of yours will always be trickier. You say market value less 15%? Are you talking dealer retail, private sale or trade in value? As there will be a canyon between the three. Also the value will be affected by desirability also.
If you are looking to buy a DB9 from an AM main dealer then I doubt they would retail yours. They would look to move it on to one of their contacts. So AM would want a bite, their contact would want a big bite and also they will likely be low balling you with a bit in reserve to allow for negotiation.
It can also be taken as a sign that they just don't want your car or there is little margin in the AM they are retailing.
If the true market value of yours is £30k then £15k is a bit cheeky though
Pig Skill said:
I guess it's the Evoque you are trying to lose?
I guess it's the Tuscan, which you may think is worth £30k, but to a dealer is worth much less, I bet many would offer less than £15k. TVRs are difficult to sell at any time, especially in winter. £15k for the Evoque, that really would be taking the pi55...MG511 said:
Pig Skill said:
I guess it's the Evoque you are trying to lose?
I guess it's the Tuscan, which you may think is worth £30k, but to a dealer is worth much less, I bet many would offer less. TVRs are difficult to sell at any time, especially in winter. £15k for the Evoque, that really would be taking the pi55...OP - if its the TVR then sell it privately or accept the £15k
I always smile when people say a car is "worth £30k".
If a car is "worth £30k" then sell it for £30k.
The reality is that cars are much harder to sell then people think and depreciate like a stone on dealer's forecourts if they don't have a buyer.
You could argue that the AM will keep depreciating but if at an AM franchise, it's a far far safer bet.
If a car is "worth £30k" then sell it for £30k.
The reality is that cars are much harder to sell then people think and depreciate like a stone on dealer's forecourts if they don't have a buyer.
You could argue that the AM will keep depreciating but if at an AM franchise, it's a far far safer bet.
Yup, Ozzie's rules
1. See what people are advertising similar cars for privately
2. Check what the dealer will offer as trade-in
3. Then advertise your car privately and sell to the first person who offers at least 50% of the difference.
For example
1. £10,000 private ads
2. £7,000 dealer trade-in
3. Sell to first offer over £8,500
It may not maximise the selling price but it's quick and you pocket some useful extra cash!
1. See what people are advertising similar cars for privately
2. Check what the dealer will offer as trade-in
3. Then advertise your car privately and sell to the first person who offers at least 50% of the difference.
For example
1. £10,000 private ads
2. £7,000 dealer trade-in
3. Sell to first offer over £8,500
It may not maximise the selling price but it's quick and you pocket some useful extra cash!
LuS1fer said:
I always smile when people say a car is "worth £30k".
If a car is "worth £30k" then sell it for £30k.
The reality is that cars are much harder to sell then people think and depreciate like a stone on dealer's forecourts if they don't have a buyer.
You could argue that the AM will keep depreciating but if at an AM franchise, it's a far far safer bet.
Yep, its worth what someone will pay for it.If a car is "worth £30k" then sell it for £30k.
The reality is that cars are much harder to sell then people think and depreciate like a stone on dealer's forecourts if they don't have a buyer.
You could argue that the AM will keep depreciating but if at an AM franchise, it's a far far safer bet.
When selling cars, I always price them slightly under what most people with the same car (all things equal) think they are worth and I've never had a problem selling a car in a very short order.
Of course its possible I might have made a few quid more if I'd been patient, but it saves me having to deal with tyre kickers.
As a dealer I get this all the time 'my car is worth £x'. No your car is worth what someone is prepared to pay for it. I buy and sell thousands of cars every year I think I've a pretty good idea what they are worth!
Evoque is a good example, yes prices remain strong, however a 6 month old one has to be bought cheap enough so that when's it priced up on the forecourt it's not too close to the price of a new one as people will just go for a new one hence £22.5k sounds about the money to me, plus I expect there are good finance offers on a new one!
Evoque is a good example, yes prices remain strong, however a 6 month old one has to be bought cheap enough so that when's it priced up on the forecourt it's not too close to the price of a new one as people will just go for a new one hence £22.5k sounds about the money to me, plus I expect there are good finance offers on a new one!
rehab71 said:
As a dealer I get this all the time 'my car is worth £x'. No your car is worth what someone is prepared to pay for it. I buy and sell thousands of cars every year I think I've a pretty good idea what they are worth!
Evoque is a good example, yes prices remain strong, however a 6 month old one has to be bought cheap enough so that when's it priced up on the forecourt it's not too close to the price of a new one as people will just go for a new one hence £22.5k sounds about the money to me, plus I expect there are good finance offers on a new one!
Spot on!!!Evoque is a good example, yes prices remain strong, however a 6 month old one has to be bought cheap enough so that when's it priced up on the forecourt it's not too close to the price of a new one as people will just go for a new one hence £22.5k sounds about the money to me, plus I expect there are good finance offers on a new one!
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