Discount on used car?
Discussion
Evening PHers
I have been looking at a hatchback currently for sale that has been listed on Autotrader since the first week of November.
During this time, we all know how much the car market has fluctuated however this vehicle remains for sale at the same price as back in November.
Obviously hard to say, but what is the level of discount that wouldn't be "too cheeky" to ask for that might get the dealer to bite to get rid of a stock item that has sat on the forecourt for 10+ weeks now
For reference, the sale price is £10,490 and is a "good price" according to AT
Thanks
I have been looking at a hatchback currently for sale that has been listed on Autotrader since the first week of November.
During this time, we all know how much the car market has fluctuated however this vehicle remains for sale at the same price as back in November.
Obviously hard to say, but what is the level of discount that wouldn't be "too cheeky" to ask for that might get the dealer to bite to get rid of a stock item that has sat on the forecourt for 10+ weeks now
For reference, the sale price is £10,490 and is a "good price" according to AT
Thanks
For reference I’m looking at 3-5year old large premium cars 5/6 Series etc around 25-27k. Most garages have been reluctant to drop the price at all despite some of the cars sitting there since late summer.
I have however been successful with a couple of offers from £500 off up to £1500 off asking price. However these were at the higher end anyway.
I have however been successful with a couple of offers from £500 off up to £1500 off asking price. However these were at the higher end anyway.
I think the "good price" etc. ratings on Autotrader are simply relative to comparable cars that are also listed. I've seen the rating change on a car I was watching simply because the prices had changed on a couple of similar cars that were also listed.
I'm also curious as to how cheeky an offer you can make. I spotted a BMW 440i that I like on the BMW Approved Used search. Originally listed by a BMW main dealer for £27,590 and gradually reduced to £25,990. Then disappeared early December, only to reappear a couple of weeks later at an independent garage for £26,990 and since reduced to £25,990 again. A quick nosy online reveals that it's been un-taxed since 20 June 2022. That's a long time for a car to be unsold. I wonder what's putting people off and how cheeky an offer could be made to finally make it move?
I'm also curious as to how cheeky an offer you can make. I spotted a BMW 440i that I like on the BMW Approved Used search. Originally listed by a BMW main dealer for £27,590 and gradually reduced to £25,990. Then disappeared early December, only to reappear a couple of weeks later at an independent garage for £26,990 and since reduced to £25,990 again. A quick nosy online reveals that it's been un-taxed since 20 June 2022. That's a long time for a car to be unsold. I wonder what's putting people off and how cheeky an offer could be made to finally make it move?
MitchT said:
I think the "good price" etc. ratings on Autotrader are simply relative to comparable cars that are also listed. I've seen the rating change on a car I was watching simply because the prices had changed on a couple of similar cars that were also listed.
I'm also curious as to how cheeky an offer you can make. I spotted a BMW 440i that I like on the BMW Approved Used search. Originally listed by a BMW main dealer for £27,590 and gradually reduced to £25,990. Then disappeared early December, only to reappear a couple of weeks later at an independent garage for £26,990 and since reduced to £25,990 again. A quick nosy online reveals that it's been un-taxed since 20 June 2022. That's a long time for a car to be unsold. I wonder what's putting people off and how cheeky an offer could be made to finally make it move?
25k would be perfectly reasonable. I'm also curious as to how cheeky an offer you can make. I spotted a BMW 440i that I like on the BMW Approved Used search. Originally listed by a BMW main dealer for £27,590 and gradually reduced to £25,990. Then disappeared early December, only to reappear a couple of weeks later at an independent garage for £26,990 and since reduced to £25,990 again. A quick nosy online reveals that it's been un-taxed since 20 June 2022. That's a long time for a car to be unsold. I wonder what's putting people off and how cheeky an offer could be made to finally make it move?
Having worked in the motor trade for many years, my advice would be to find comparable/cheaper priced equivalent cars for sale, and use that as your negotiation tool.
Asking for a discount for the sake of it may well work, but it's a much stronger proposal if you have found a very similar car £500 cheaper.
AutoTrader's pricing categories go in this order: High, Fair, Good, Great, Low
Asking for a discount for the sake of it may well work, but it's a much stronger proposal if you have found a very similar car £500 cheaper.
AutoTrader's pricing categories go in this order: High, Fair, Good, Great, Low
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