Better to part exchange a vehicle that a dealer will re-sell
Discussion
I am having trouble getting a fair price for my car as a part exchange with dealers, and the reason for them offering me low amounts is that they say it's not a car they would sell, nor would anyone they deal with.
Would it be better to swap my car for something of equivalent value but be something that a main dealer would re-sell?
Would it be better to swap my car for something of equivalent value but be something that a main dealer would re-sell?
My car is a 2011 Jaguar XKR, around 57,000 miles. Full dealer history, just had a massive service about a month ago.
I get the feeling that dealers are giving a low valuation because they admit that it isn't a car they would re-sell, they would just send it to an auction house. So to them the car has no value other than its literal trade in value. If I traded in a car they could re-sell would they give me a better offer?
I get the feeling that dealers are giving a low valuation because they admit that it isn't a car they would re-sell, they would just send it to an auction house. So to them the car has no value other than its literal trade in value. If I traded in a car they could re-sell would they give me a better offer?
Alex_GT said:
My car is a 2011 Jaguar XKR, around 57,000 miles. Full dealer history, just had a massive service about a month ago.
I get the feeling that dealers are giving a low valuation because they admit that it isn't a car they would re-sell, they would just send it to an auction house. So to them the car has no value other than its literal trade in value. If I traded in a car they could re-sell would they give me a better offer?
In theory they might do, as they can invite you along so they can inspect/drive your car before purchase, rather than an auction purchase.I get the feeling that dealers are giving a low valuation because they admit that it isn't a car they would re-sell, they would just send it to an auction house. So to them the car has no value other than its literal trade in value. If I traded in a car they could re-sell would they give me a better offer?
But any dealer retailing your Jag would want quite a large mark up on it in case of big repair bills that they might get landed for.
Google Jag specialist, find dealers that sell them, it'd be a desirable car for them.
Alex_GT said:
My car is a 2011 Jaguar XKR, around 57,000 miles. Full dealer history, just had a massive service about a month ago.
I get the feeling that dealers are giving a low valuation because they admit that it isn't a car they would re-sell, they would just send it to an auction house. So to them the car has no value other than its literal trade in value. If I traded in a car they could re-sell would they give me a better offer?
Nice car, sounds like a pretty desirable car as it's the post-facelift 5.0 R and fairly low mileage for 11 years old.I get the feeling that dealers are giving a low valuation because they admit that it isn't a car they would re-sell, they would just send it to an auction house. So to them the car has no value other than its literal trade in value. If I traded in a car they could re-sell would they give me a better offer?
Why are you so obsessed with trading in a car? Why not sell your Jag and just buy a new car without a trade-in?
In general the benefit of a trade-in is that it saves you the hassle of dealing with the general public to sell your old car, and it gives you the convenience of doing a simultaneous transaction, so you're neither left without a car to get around nor paying to insure, tax and store two vehicles for the overlap. In exchange for that convenience, you'll be getting a lower price than you could make selling privately.
If you do a swap you will have to deal with the general public, (since trading in your car at another dealer would surely have the same issues), and you then have the uncertainty of the 'temporary' car's condition, i.e. the risk of buying a lemon compared to your own car that you presumably know is good.
You then go back to the dealers you want to buy a new car from, and they find some other excuse to give you a poor deal on your temporary car trade-in anyway. And in the meantime you've had to arrange tax and insurance for the temporary car.
Your plan to swap your car looks like a whole load of extra hassle, cost and risk for very dubious benefit. If you're prepared to deal with the hassle, just sell it privately - a car like that will likely attract decent buyers in the main I'd think - and get the most for it. If you don't want to sell privately then as said, sell it to a dealer who sells that sort of car and could give a decent value for it.
Is it the case that the tide has turned and it’s not a car they want to stock in this economic climate?
If so that would put you in quite a difficult position. I agree with others that targeting it at the right private buyer audience (you only need one buyer after all) is the way to go.
Try owners forums, carandclassic, or even eBay.
If so that would put you in quite a difficult position. I agree with others that targeting it at the right private buyer audience (you only need one buyer after all) is the way to go.
Try owners forums, carandclassic, or even eBay.
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