Trade in Values vs Sale Value

Trade in Values vs Sale Value

Author
Discussion

BettySwollocks2

Original Poster:

630 posts

159 months

Thursday 10th January 2013
quotequote all
TA14 said:
BettySwollocks2 said:
TA14 said:
BettySwollocks2 said:
yeah my bad, the VRs went quite quickly, this is an A3 TDI sport 2.0.. unfortunately mileage increase meant i needed a diesel.
Why sell the A3 in less than a year? What year and mileage is it? What do WBAC offer?
Had the A3 about 19 months, again, change in circumstance I want petrol and faster, so broed of Diesel chugging now I want to drive it into a tree. Its a different garage not the same one. Also I know they know what its worth to them, so do I its written in the screen of the car on the forecourt!
So what year and mileage is it and what do WBAC offer?
WBAC are not exactly the best people to use.. they offer 9600. but they always offer extremely low.

BettySwollocks2

Original Poster:

630 posts

159 months

Thursday 10th January 2013
quotequote all
daemon said:
+1

I'd really like to see a link to the one the dealer is selling, the spec and a WBAC valuation for the O/P's.
im not here for your approval..

Ari

19,348 posts

216 months

Thursday 10th January 2013
quotequote all
BettySwollocks2 said:
Its not that easy due to the untrustworthy state of britain these days, as soon as a HPI check flashes up financed, even if you tell someone you will pay it when they are standing there they are unwilling to trust you and find a car elsewhere.
Then tell them to settle the finance and pay you the balance. Simple.

xuy

1,116 posts

155 months

Thursday 10th January 2013
quotequote all
BettySwollocks2 said:
HTP99 said:
I hate it when customers come in and then moan that the "identical" car on the forecourt is £4k more than I am offering for their car and how dare I have a £4k margin in it.

What they aren't seeing is:

  1. their's isn't as desirable a colour,
  2. their's is a 1.6 petrol, not the diesel that is more desirable and thus commands a higher price, such as the one on the forecourt.
  3. their "immaculate" car needs £600 worth of bodywork and or wheel prep.
  4. their's needs a service and its possibly at the age that it'll need a set of pads and disks
  5. their's is a less desirable spec and thus may well be with us a bit longer so we have to build in a higher margin for book drops.
The list is endless, however, as we know, the customer knows more than us!
mines in re-sale grey as it has been called
it is a diesel
there is no body damage on my car or wheel damage, the salesperson checked it over completely
it was serviced a month ago with no advisorys other than 2 new front tyres, that have been replaced
it is very highly specced, heated seats, part leather, climate and cruise control, rear park sensors plus more but I cba to list all of them
Go to a different dealer and see if they will offer you what you think it is worth. I suspect that it will be a waste of fuel as they all use Glasses guide as a starting point.

Or you could use the glasses online valuation to see if your expected figure is off the mark. I am not sure how this price differs to the dealers little book!

elvismiggell

1,635 posts

152 months

Thursday 10th January 2013
quotequote all
BettySwollocks2 said:
WBAC are not exactly the best people to use.. they offer 9600. but they always offer extremely low.
Not in my experience.

They offer competitively, and then knock you for anything they find.

If the car's as good as you think it is, that may well be the best route for a hassle free transaction. If not, then PX is the way to go if you're worried about hassle, but obviously there's a price to pay.

300bhp/ton

41,030 posts

191 months

Thursday 10th January 2013
quotequote all
BettySwollocks2 said:
As a person cuurently trying to sell my Car, I cannot understand how dealers offer 6500 to 8000 for trade in value of my car, when they are for sale at the same dealership for 13000-14500. Are they completely thick and not realise that I can see these cars up for sale? therefore I am not going to accept anything less than the 10500 to 11000 I want for it!

Frustrating is not the word, especially when I want to buy a car from the same dealership youd think they would sort it out!
rofl

Snowboy

8,028 posts

152 months

Thursday 10th January 2013
quotequote all
Also, don't forget those cars on the forecourt up for £14k will probabky get sold for less than that.

TA14

12,722 posts

259 months

Thursday 10th January 2013
quotequote all
BettySwollocks2 said:
WBAC are not exactly the best people to use.. they offer 9600. but they always offer extremely low.
Hmmm. So WBAC offer 50% more than a dealer, not on a trade price but a trade in price - that's a first.

Or if you like, the other way round is that a dealer is offering only 66% of the WBAC price for trade price + trade in incentive.

Either way you're suggesting that a dealer could 'phone WBAC and make an instant £3K+ profit. Never heard of WBAC being that generous.

Are you sure that there are not a lot of missing details here? If not in your position I'd jump at the WBAC offer :-)

300bhp/ton

41,030 posts

191 months

Thursday 10th January 2013
quotequote all
BettySwollocks2 said:
TA14 said:
BettySwollocks2 said:
yeah my bad, the VRs went quite quickly, this is an A3 TDI sport 2.0.. unfortunately mileage increase meant i needed a diesel.
Why sell the A3 in less than a year? What year and mileage is it? What do WBAC offer?
Had the A3 about 19 months, again, change in circumstance I want petrol and faster, so broed of Diesel chugging now I want to drive it into a tree. Its a different garage not the same one. Also I know they know what its worth to them, so do I its written in the screen of the car on the forecourt!
Are you sure the ones on the forecourt are exactly the same? Slight spec or age difference could make a big difference in the value or how easy it will be to sell on.

Also you need to remember the sticker price is unlikely the price they will actually sell those other vehicles at. So that isn't the true value they are worth.

And as a dealership they will have high overheads and no shortage of stock. This means they can be picky. Also many used vehicles will be p/x's against new purchases, so some profit may come from the entire deal, meaning the used car owes them more money. To maintain the profit margin they'll sell them out at higher prices (or at least try too).

e.g. they might have paid £3-4k more for them in the first place. So you don't really know what price they'd want to sell yours out at.

markmullen

15,877 posts

235 months

Thursday 10th January 2013
quotequote all
Jimmy Hill, chinny reckon.

FlybyWyre

432 posts

195 months

Thursday 10th January 2013
quotequote all
50 Shades of Grey has influenced A3 sales and pricing. Market forces!

Chrisw666

22,655 posts

200 months

Thursday 10th January 2013
quotequote all
What are you looking to buy?

How much is it?

Is it new or used?

Will you want a discount or some incentives?

If I had three identical cars I'd probably not want a fourth on my forecourt, people are waking up to the diesel myth and your car is a dull old design Audi that's about to be replaced and is as common as horse st in a gypsy camp site.

wheedler

419 posts

138 months

Thursday 10th January 2013
quotequote all
I have sold two cars with finance. BUIYER pays the finance company himself with debit card over the phone then pays SELLER the balance. If you owe more than what the car is worth both buyer and seller can pay over the phone in the same way. Not difficult and plenty of people do it as not everyone can buy a brand new car with cash, pretty sure no one does

smokey145

616 posts

151 months

Thursday 10th January 2013
quotequote all
BettySwollocks2 said:
As a person cuurently trying to sell my Car, I cannot understand how dealers offer 6500 to 8000 for trade in value of my car, when they are for sale at the same dealership for 13000-14500. Are they completely thick and not realise that I can see these cars up for sale? therefore I am not going to accept anything less than the 10500 to 11000 I want for it!

Frustrating is not the word, especially when I want to buy a car from the same dealership youd think they would sort it out!
alot of scumbag dealers in the car salesman thread that would be able to give you some nonsense wording for the price disparity.

"how dare we make a profit"
"preperation"
"rape"

etc etc


smokey145

616 posts

151 months

Thursday 10th January 2013
quotequote all
wheedler said:
I have sold two cars with finance. BUIYER pays the finance company himself with debit card over the phone then pays SELLER the balance. If you owe more than what the car is worth both buyer and seller can pay over the phone in the same way. Not difficult and plenty of people do it as not everyone can buy a brand new car with cash, pretty sure no one does
indeed, ive done this recently and it was very straightforward. just be honest with the potential buyer upfront.

Chrisw666

22,655 posts

200 months

Thursday 10th January 2013
quotequote all
smokey145 said:
alot of scumbag dealers in the car salesman thread that would be able to give you some nonsense wording for the price disparity.

"how dare we make a profit"
"preperation"
"rape"

etc etc
You really were touched somewhere inappropriate by a car dealer weren't you?

smokey145

616 posts

151 months

Thursday 10th January 2013
quotequote all
Chrisw666 said:
smokey145 said:
alot of scumbag dealers in the car salesman thread that would be able to give you some nonsense wording for the price disparity.

"how dare we make a profit"
"preperation"
"rape"

etc etc
You really were touched somewhere inappropriate by a car dealer weren't you?
confused

Chrisw666

22,655 posts

200 months

Thursday 10th January 2013
quotequote all
smokey145 said:
Chrisw666 said:
smokey145 said:
alot of scumbag dealers in the car salesman thread that would be able to give you some nonsense wording for the price disparity.

"how dare we make a profit"
"preperation"
"rape"

etc etc
You really were touched somewhere inappropriate by a car dealer weren't you?
confused
You really have some serious issues with them, yet there are many very decent chaps on here who are part of that profession, one of whom stopped me posing money away in the last week.

samvia

1,635 posts

171 months

Thursday 10th January 2013
quotequote all
smokey145 said:
alot of scumbag dealers in the car salesman thread that would be able to give you some nonsense wording for the price disparity.
Nonsense wording aka the truth, you mean?

LuS1fer

41,139 posts

246 months

Thursday 10th January 2013
quotequote all
smokey145 said:
wheedler said:
I have sold two cars with finance. BUIYER pays the finance company himself with debit card over the phone then pays SELLER the balance. If you owe more than what the car is worth both buyer and seller can pay over the phone in the same way. Not difficult and plenty of people do it as not everyone can buy a brand new car with cash, pretty sure no one does
indeed, ive done this recently and it was very straightforward. just be honest with the potential buyer upfront.
Do they charge you 3 to 5% like car dealers do if you buy on a credit card?