Used Mondeo - negotiating price
Discussion
The 2.5T is a thirsty unit and not the sort of thing that most Mondeo buyers are after. Similarly, the sort of people interested in that kind on engine are likely to not want a Mondeo but stuff like Focus ST.
Even you, by your admission, are only after 1 because of insurance cost- therefore I would imagine it will be an easy enough car to try and bargain on.
Even you, by your admission, are only after 1 because of insurance cost- therefore I would imagine it will be an easy enough car to try and bargain on.
H_Kan said:
The 2.5T is a thirsty unit and not the sort of thing that most Mondeo buyers are after. Similarly, the sort of people interested in that kind on engine are likely to not want a Mondeo but stuff like Focus ST.
Even you, by your admission, are only after 1 because of insurance cost- therefore I would imagine it will be an easy enough car to try and bargain on.
Exactly, the Focus ST was my first choice but would cost have me £2,000 more to insure!Even you, by your admission, are only after 1 because of insurance cost- therefore I would imagine it will be an easy enough car to try and bargain on.
Went down today and the car looked clean. I told the guy I'm interested but the price seemed a bit high, and that I'd consider £10,000 (in full). He basically said there's no chance due to the car attracting a massive interest, and wouldn't move down at all from list price.
I walked at this point - is this a common dealer tactic? What are the chances of him ringing back in a few days, or does he really think someone will pay list price?
I walked at this point - is this a common dealer tactic? What are the chances of him ringing back in a few days, or does he really think someone will pay list price?
RB5 said:
Went down today and the car looked clean. I told the guy I'm interested but the price seemed a bit high, and that I'd consider £10,000 (in full). He basically said there's no chance due to the car attracting a massive interest, and wouldn't move down at all from list price.
I walked at this point - is this a common dealer tactic? What are the chances of him ringing back in a few days, or does he really think someone will pay list price?
Yes he does, or he would not have let you walk out. Ringing you back to offer a better deal after you have gone when you could not agree figures is not a good dealer tactic, quite the opposite in fact. (not the same as follow up call when someone was not quite ready to buy)I walked at this point - is this a common dealer tactic? What are the chances of him ringing back in a few days, or does he really think someone will pay list price?
The only way he will come down now, is if he is mistaken about being able to sell it quick, and still has in stock in 2 or 3 weeks time. If he is right he will not have in stock for much longer.
By the sounds of it his asking price was not too expensive anyway.
I see, well I'll have another look next week and see if it's been sold. Another thing he mentioned was that the car is actually worth £250 more than he's advertised it at, due to it being January which is apparently the busiest time of the year for selling cars. I thought January was one of the quieter months?
RB5 said:
I see, well I'll have another look next week and see if it's been sold. Another thing he mentioned was that the car is actually worth £250 more than he's advertised it at, due to it being January which is apparently the busiest time of the year for selling cars. I thought January was one of the quieter months?
Sorry, this is also true. December is traditionally the slowest month, with people putting off purchases until after christmas, then all those postponed purchases seem to come at once, which makes January a busy month. As for his £250 more comment, well its only true if he sells it for that. ETA: Although he may be referring to the guide prices which have mostly all gone up this month.
Edited by kentmotorcompany on Tuesday 4th January 20:55
Makes sense I suppose! I don't mind paying the extra money, as long as I'm not paying over the odds - i.e. wouldn't like to pay £10,500 for a car when I'd struggle to get £7,000 for it if I decided a few months later.
As a car dealer yourself (I assume), how hard are cars like this to sell?
As a car dealer yourself (I assume), how hard are cars like this to sell?
RB5 said:
Makes sense I suppose! I don't mind paying the extra money, as long as I'm not paying over the odds - i.e. wouldn't like to pay £10,500 for a car when I'd struggle to get £7,000 for it if I decided a few months later.
As a car dealer yourself (I assume), how hard are cars like this to sell?
Yes I am a dealer, quite easy to tell from my profile. As a car dealer yourself (I assume), how hard are cars like this to sell?
I don't think you would be paying over the odds for it.
However if you think you might sell it in a few months times, I think you are looking the wrong type of car from the wrong type of seller.
Don't buy any car from a retail seller, with the intention of selling it in a very short space of time, it never ends well. Let alone part exchanging it.
If you want buy and sell quickly. Buy privately and sell privately, also you need to be very very flexible about what make and model you buy, and focus more on value for money. It seems as if this time you have looked for a very specific model. It also sounds like you are having buyers remorse before you have even bought it!
Don't worry so much. If its the make and model you have been looking for, you can afford it, and its priced correctly (i think have just about established that after much debate), buy it and enjoy it. Just don't sell it too soon!
January is traditionally the tim of year when wholesale prices go up, therefore dealers are very reluctant to get rid of enice stock for a song because it may be impossible to replace. Why didn't you approach before Jan 4 and the VAT went up? They might have been keener to get it out the door before whatever margin was in it was cut further.
The other advice was good: if you intend to sell quickly buy something cheap, sensible and above all economical. That is the only way to minimise your losses.
The other advice was good: if you intend to sell quickly buy something cheap, sensible and above all economical. That is the only way to minimise your losses.
Polrules said:
If you don't need finance etc from a dealer can you not buy private and slap a warranty on yourself?
I've nothing against this approach, just haven't seen any local private sales!kentmotorcompany said:
However if you think you might sell it in a few months times, I think you are looking the wrong type of car from the wrong type of seller.
Don't buy any car from a retail seller, with the intention of selling it in a very short space of time, it never ends well. Let alone part exchanging it.
If you want buy and sell quickly. Buy privately and sell privately, also you need to be very very flexible about what make and model you buy, and focus more on value for money. It seems as if this time you have looked for a very specific model. It also sounds like you are having buyers remorse before you have even bought it!
I plan to keep it for at least 3 years, but I was just thinking in terms of the value of the asset if I needed to sell quickly due to a change in financial circumstances. I suppose it's not a huge worry though if I'm paying upfront. I suppose it just seems like a large amount of money to spend at once, rather than looking at monthly payments like a lot of people do!Don't buy any car from a retail seller, with the intention of selling it in a very short space of time, it never ends well. Let alone part exchanging it.
If you want buy and sell quickly. Buy privately and sell privately, also you need to be very very flexible about what make and model you buy, and focus more on value for money. It seems as if this time you have looked for a very specific model. It also sounds like you are having buyers remorse before you have even bought it!
confused_buyer said:
Why didn't you approach before Jan 4 and the VAT went up? They might have been keener to get it out the door before whatever margin was in it was cut further.
I did try, but this was the earliest I could view the car I'm afraid.Gassing Station | General Gassing | Top of Page | What's New | My Stuff