Part Ex Valuation against new car

[chrisgVRS]

Evening all,

Started another thread earlier that went a little mad so I am hoping this one will be a little easier, I am looking to order a car to collect on 1st Sep but a dealer has advised me that my car will be worth (worst case) £2.5K less by then.

I have never had a new car before so am a little confused as to what the best way is to proceed, anyone any advice or experience?

Thanks
Chris

[HumbleJim]

You can't value a car accurately this far in advance. Order new car and value (px) or sell old car at the time.

[mattberkshire]

chrisgVRS said:

Evening all,

Started another thread earlier that went a little mad so I am hoping this one will be a little easier, I am looking to order a car to collect on 1st Sep but a dealer has advised me that my car will be worth (worst case) £2.5K less by then.

I have never had a new car before so am a little confused as to what the best way is to proceed, anyone any advice or experience?

Thanks
Chris

When you trade in a dealer will use your old car as part of the bargaining process. If you get a discount on the new car he'll push for a lower price on the old. It's all negotiation from here. Treat what the dealer says as a starting point. Personally I'd sell privately to get a few more quid out of my old car but that's not for everyone. £2.5k is a little (well, OK a lot) steep in reduction in 5 months!

[HumbleJim]

mattberkshire said:

£2.5k is a little (well, OK a lot) steep in reduction in 5 months!

Depends on the car.

[chrisgVRS]

The car is a M135i first registered June 2013 any help?

[HumbleJim]

It could do £500 pcm.

[markmullen]

HumbleJim said:

It could do £500 pcm.

Easily

[sleep envy]

markmullen said:

HumbleJim said:

It could do £500 pcm.

Easily

As all good junior supercars do.

[KungFuPanda]

Sell it now and buy a £500 snotter to run around in for a few months?