Trade in Values vs Sale Value

Trade in Values vs Sale Value

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Discussion

Roo

11,503 posts

208 months

Monday 14th January 2013
quotequote all
BettySwollocks2 said:
Thats for auction though so theyve most likely been re possessed.. therefore any money is a marked increase in receiving nothing from a defaulting client.
Very, very few cars at auction are finance repo's.

Deva Link

26,934 posts

246 months

Monday 14th January 2013
quotequote all
anonymous said:
[redacted]
Assuming you're looking at a new Q3, I bet you wouldn't be very far off from that deal if your ordered the Q3 though DrivetheDeal and gave the Golf away.

Chrisw666

22,655 posts

200 months

Monday 14th January 2013
quotequote all
Roo said:
BettySwollocks2 said:
Thats for auction though so theyve most likely been re possessed.. therefore any money is a marked increase in receiving nothing from a defaulting client.
Very, very few cars at auction are finance repo's.
That does seem an odd view of auctions, many are from finance/lease companies but knackered repossessions always stand out as cheap unloved tat and seem to sell accordingly.

Deva Link

26,934 posts

246 months

Monday 14th January 2013
quotequote all
BettySwollocks2 said:
Surely when a customer wants to stick with you,
Some manufacturers will give extra support (money) to their dealers on p/x's of other makes. To the manufacturer's product managers, Market Segment Share is an absolutely crucial metric.

Swapping from an A3 to an A3 doesn't really help them.

confused_buyer

6,624 posts

182 months

Monday 14th January 2013
quotequote all
BettySwollocks2 said:
Thats for auction though so theyve most likely been re possessed.. therefore any money is a marked increase in receiving nothing from a defaulting client. If they were readily available for 6500 why would they be for sale from Audi for 13000, no one would buy them.
Utter rubbish. Most of the cars in your local Audi and BMW dealer will have come from Auction. Audi use BCA to distribute many 62-plate cars to their dealers and BMW punts about 500 a month through BCA and Manheim fully valeted and prepped for the forecourt.

I was only looking through the catalogues coming up. If you're car *is* worth a lot more then you really should have no problems getting more for it - you just have to be a little less lazy than going to your local Audi dealer.

The common theme on this thread seems to be "Audi". What is it with these cars at the moment? People seem so obsessed about having an Audi on their driveway they will be ripped off and mortgage their children for it. The dealers seem to know this and are treating it as a licence to print money.

If Audi are offering a rotten deal just going and buy something else.

Audi reminds me of Monty Python: "It's not the Messiah - it is just a rebadged Skoda". smile


CarlT

3,423 posts

248 months

Monday 14th January 2013
quotequote all
OP - the only car similar to yours in the Audi network today is a 2007 TDi 170 Sport Quattro with 44k and that is up for £11,990

There are plenty of 1.9 TDi Sports with lower mileage than yours for sub £10k.


BettySwollocks2

Original Poster:

630 posts

159 months

Monday 14th January 2013
quotequote all
CarlT said:
OP - the only car similar to yours in the Audi network today is a 2007 TDi 170 Sport Quattro with 44k and that is up for £11,990

There are plenty of 1.9 TDi Sports with lower mileage than yours for sub £10k.
the one I saw last week that wasnt a quattro for 14000 must have sold then. probably for 12500 I would guess.. but I still disagree with the 6000 offer from them as Part ex

daemon

35,844 posts

198 months

Monday 14th January 2013
quotequote all
BettySwollocks2 said:
CarlT said:
OP - the only car similar to yours in the Audi network today is a 2007 TDi 170 Sport Quattro with 44k and that is up for £11,990

There are plenty of 1.9 TDi Sports with lower mileage than yours for sub £10k.
the one I saw last week that wasnt a quattro for 14000 must have sold then. probably for 12500 I would guess.. but I still disagree with the 6000 offer from them as Part ex
I would be asking them to justify why the massive difference and also why they are - presumably - valuing your car below trade price.

Chicane-UK

3,861 posts

186 months

Monday 14th January 2013
quotequote all
Not wanting to deal with timewasters, etc I sold my Fiat 500 on to a local Fiat dealer. I think they offered me about £6,000 for it and, after checking with a number of other local dealers, took it. I saw a few weeks later it went up on their site at about £8400 (more than I'd paid for it a year earlier) and I know I'd kept it in great condition so literally needed nothing doing to it. It sold within days.

You live and learn. I'll put up with time wasters again to make a bit more money.

oldnbold

1,280 posts

147 months

Monday 14th January 2013
quotequote all
daemon said:
BettySwollocks2 said:
CarlT said:
OP - the only car similar to yours in the Audi network today is a 2007 TDi 170 Sport Quattro with 44k and that is up for £11,990

There are plenty of 1.9 TDi Sports with lower mileage than yours for sub £10k.
the one I saw last week that wasnt a quattro for 14000 must have sold then. probably for 12500 I would guess.. but I still disagree with the 6000 offer from them as Part ex
I would be asking them to justify why the massive difference and also why they are - presumably - valuing your car below trade price.
I would just stop worrying about the PX price and just work out what you would be happy with as a cost to change price.

Then call the salesman up and tell him you realy like the car if he can do it for your PX + £? then you will have a deal today and give him a deposit over the phone.

As an ex car salesman I can assure you that may sharpen his pencil a bit, he will certainly be off to the sales manager with it.

Riknos

4,700 posts

205 months

Monday 14th January 2013
quotequote all
kambites said:
See how much you can get for a three year old pint of milk. hehe

I know what you mean though, depreciation in the UK is very high which is great if you buy oldish cars. smile
In the UK, we have an OBSESSION with owning the latest plates, to show off our wealth and our <6 month old car.

Out in the states, where I spend a lot of time, over in the East - car registrations are kept and taken from car to car, you cannot tell the age of a car, only the state the car is registered in (great for identifying and avoiding lost tourists!) and out there, they don't have such an obsession with owning the newest car they can, or financing through their eyeballs with it. It's not like they can't afford it - Brand new Subaru SUVs can be had at less than $200 a month but it's just a different culture to new car ownership than it is over here.

Deva Link

26,934 posts

246 months

Monday 14th January 2013
quotequote all
Riknos said:
In the UK, we have an OBSESSION with owning the latest plates, to show off our wealth and our <6 month old car.

Out in the states, where I spend a lot of time, over in the East - car registrations are kept and taken from car to car, you cannot tell the age of a car, only the state the car is registered in (great for identifying and avoiding lost tourists!) and out there, they don't have such an obsession with owning the newest car they can, or financing through their eyeballs with it. It's not like they can't afford it - Brand new Subaru SUVs can be had at less than $200 a month but it's just a different culture to new car ownership than it is over here.
I think new car sales would be decimated in the UK if we did away with the age identifier.

Mileage doesn't seem to bother people in other countries either. A colleague in Europe thinks his 100,000kms car is still new.

unrepentant

21,272 posts

257 months

Monday 14th January 2013
quotequote all
Riknos said:
Out in the states, where I spend a lot of time, over in the East - car registrations are kept and taken from car to car, you cannot tell the age of a car, only the state the car is registered in (great for identifying and avoiding lost tourists!) and out there, they don't have such an obsession with owning the newest car they can, or financing through their eyeballs with it. It's not like they can't afford it - Brand new Subaru SUVs can be had at less than $200 a month but it's just a different culture to new car ownership than it is over here.
Cheapest lease on a base Forrester is $229 per month for 12k miles per year (not enough for most people) and with $2k down plus tax, title, registration etc.....

em177

3,131 posts

165 months

Monday 14th January 2013
quotequote all
oldnbold said:
I would just stop worrying about the PX price and just work out what you would be happy with as a cost to change price.

Then call the salesman up and tell him you realy like the car if he can do it for your PX + £? then you will have a deal today and give him a deposit over the phone.

As an ex car salesman I can assure you that may sharpen his pencil a bit, he will certainly be off to the sales manager with it.
This.

Deva Link

26,934 posts

246 months

Monday 14th January 2013
quotequote all
unrepentant said:
Cheapest lease on a base Forrester is $229 per month for 12k miles per year (not enough for most people) and with $2k down plus tax, title, registration etc.....
In the UK, the entry level (and usually our entry level is a lot lower than yours!) of even the XV is double that per month, with a deposit of about $7K. It also doesn't say the mileage limit - some of them can be as low as 6K/yr.

Edited by Deva Link on Monday 14th January 16:13

BettySwollocks2

Original Poster:

630 posts

159 months

Monday 14th January 2013
quotequote all
em177 said:
oldnbold said:
I would just stop worrying about the PX price and just work out what you would be happy with as a cost to change price.

Then call the salesman up and tell him you realy like the car if he can do it for your PX + £? then you will have a deal today and give him a deposit over the phone.

As an ex car salesman I can assure you that may sharpen his pencil a bit, he will certainly be off to the sales manager with it.
This.
I could try this but I think even then I would have very little chance of getting him up to around 9500 or 10000. which tbh is the least I would allow it to go for. based on owing 10800 on the finance.

confused_buyer

6,624 posts

182 months

Monday 14th January 2013
quotequote all
BettySwollocks2 said:
I could try this but I think even then I would have very little chance of getting him up to around 9500 or 10000. which tbh is the least I would allow it to go for. based on owing 10800 on the finance.
If the deal is that bad they're offering then just forget that dealer and/or car and go and buy something else from someone else who is prepared to offer a sensible price for yours.

HTP99

22,581 posts

141 months

Monday 14th January 2013
quotequote all
BettySwollocks2 said:
em177 said:
oldnbold said:
I would just stop worrying about the PX price and just work out what you would be happy with as a cost to change price.

Then call the salesman up and tell him you realy like the car if he can do it for your PX + £? then you will have a deal today and give him a deposit over the phone.

As an ex car salesman I can assure you that may sharpen his pencil a bit, he will certainly be off to the sales manager with it.
This.
I could try this but I think even then I would have very little chance of getting him up to around 9500 or 10000. which tbh is the least I would allow it to go for. based on owing 10800 on the finance.
Your car books around the £7k mark, you are living in cloud cuckoo land if you think you will get anuthing like you are after for it and there is no way smilar cars are on their forecourt for the figures that you have bandied about.

daemon

35,844 posts

198 months

Monday 14th January 2013
quotequote all
anonymous said:
[redacted]
Thats not a residual, thats what he currently owes.

daemon

35,844 posts

198 months

Monday 14th January 2013
quotequote all
BettySwollocks2 said:
em177 said:
oldnbold said:
I would just stop worrying about the PX price and just work out what you would be happy with as a cost to change price.

Then call the salesman up and tell him you realy like the car if he can do it for your PX + £? then you will have a deal today and give him a deposit over the phone.

As an ex car salesman I can assure you that may sharpen his pencil a bit, he will certainly be off to the sales manager with it.
This.
I could try this but I think even then I would have very little chance of getting him up to around 9500 or 10000. which tbh is the least I would allow it to go for. based on owing 10800 on the finance.
If you owe that much relative to the cars value, is there any scope for doing a voluntary termination IF you have paid more than 50% of the total contract value so far? Or are you close to that point?