How close are parkers etc prices to the real world?
Discussion
Hi all,
Going to look at a potential new car at the weekend but wondered how accurate parker/what car etc valuations are?
The car in question has above annual mileage (2006 with 90k) but has a fsh appears to be well looked after with plenty of optional toys inc leather interior, sat nav etc.
Its a private sale on at £6650 but what car value it at just over £4k for this model in excellent condition with 90k on the clock.
Talking to a mate who is a salesman at a ford dealer that he wouldn't pay out more than £4k on it even with the options and look to retail it around £5k.
The car itself seems difficult to price as I can't find another one with a similar spec but with lower miles to compare it against.
Car in question is a 2006 Mondeo ST155 estate and has been on sale since november which means there should be a deal to be done.
Any thoughts?
Cheers,
Phill
Going to look at a potential new car at the weekend but wondered how accurate parker/what car etc valuations are?
The car in question has above annual mileage (2006 with 90k) but has a fsh appears to be well looked after with plenty of optional toys inc leather interior, sat nav etc.
Its a private sale on at £6650 but what car value it at just over £4k for this model in excellent condition with 90k on the clock.
Talking to a mate who is a salesman at a ford dealer that he wouldn't pay out more than £4k on it even with the options and look to retail it around £5k.
The car itself seems difficult to price as I can't find another one with a similar spec but with lower miles to compare it against.
Car in question is a 2006 Mondeo ST155 estate and has been on sale since november which means there should be a deal to be done.
Any thoughts?
Cheers,
Phill
Parkers tend to be closer to top end retail prices, I've found that using WBAC, the free CAP valuation from Vauxhall, ebay completed listings where the car has actually sold and autotrader/PH asking prices as a guide and then taking the car on it's merits to decide if I should be paying retail or as close to trade price as I can manage.
If the car is a keeper you might not feel bad paying a little over, if you want to shift it in a few months you'll regret it.
To most people they see a diesel Mondeo estate and won't put much extra value in the toys or the STness. Also most people consider things like tyres when buying a car and if the ST has 17 or 18 inch wheels decent tyres will be £100-150 a corner, and the internet is full of diesel scare stories.
If I wanted the car I'd start with a cheeky bid near to £4, but I'd do it politely in person. If you can present one or two alternatives to the seller that you know have sold for around the price you're happy with that could help.
If the car is a keeper you might not feel bad paying a little over, if you want to shift it in a few months you'll regret it.
To most people they see a diesel Mondeo estate and won't put much extra value in the toys or the STness. Also most people consider things like tyres when buying a car and if the ST has 17 or 18 inch wheels decent tyres will be £100-150 a corner, and the internet is full of diesel scare stories.
If I wanted the car I'd start with a cheeky bid near to £4, but I'd do it politely in person. If you can present one or two alternatives to the seller that you know have sold for around the price you're happy with that could help.
Always haggle but try not to enter with an offer that could be construed as insulting. When in car sales Parkers price guide was the bane of my life as they only show trade sell price rather than trade buy price. They also only revise their rates every quarter rather than every week.
If you think it is worth £4000 tell him so and see what he says. If he tells you to bugger off thats fine, plenty more cars in the sea
If you think it is worth £4000 tell him so and see what he says. If he tells you to bugger off thats fine, plenty more cars in the sea
Hi
I havent had any recent experience with Parkers accuracy, but in former times it was great as a general guide for run-of-the-mill type commodity cars but pretty hopeless with more specialist machinery.
Case one was my VX220, which when I bought was the cheapest (non cat D) I could lay my hands on. But it was still ~£2k more expensive than Parkers at the time.
For my Mini One, Vauxhall Corsa and an old Nissan Micra, the valuation seemed spot on (either selling privately or buying from a dealer)
I tend to use autotrader/ pistonheads/ ebay, now as a guide. Although I accept I never really know what the car finally sells for - but it provides a guide......
Mike
I havent had any recent experience with Parkers accuracy, but in former times it was great as a general guide for run-of-the-mill type commodity cars but pretty hopeless with more specialist machinery.
Case one was my VX220, which when I bought was the cheapest (non cat D) I could lay my hands on. But it was still ~£2k more expensive than Parkers at the time.
For my Mini One, Vauxhall Corsa and an old Nissan Micra, the valuation seemed spot on (either selling privately or buying from a dealer)
I tend to use autotrader/ pistonheads/ ebay, now as a guide. Although I accept I never really know what the car finally sells for - but it provides a guide......
Mike
What car and parkers are miles out from the real world ie far too low.
So when you got to buy something popular with a good spec like a Golf SE or a 3 series SE or Mini Cooper with Chilli pack, and quote the What Car or Parkers price guide - dont be too suprised when a clued up seller tells you to take a hike.
They are miles off what these cars can be sold for via autotrader classified.
So when you got to buy something popular with a good spec like a Golf SE or a 3 series SE or Mini Cooper with Chilli pack, and quote the What Car or Parkers price guide - dont be too suprised when a clued up seller tells you to take a hike.
They are miles off what these cars can be sold for via autotrader classified.
Parkers are average at best. They do not take into account cult status on certain cars and their reflection on current market trends is also far from perfect.
If anything their lower end part-exchange prices are a bit better, but they should only be used as a rought guide and little more. Glass's Guide is better.
If anything their lower end part-exchange prices are a bit better, but they should only be used as a rought guide and little more. Glass's Guide is better.
Sounds way over priced to me. You can get a new shape Mondeo ST for that with change! I’m with your mate and wouldn’t give more than 4k for it but it depends how much you are willing to pay.
Ebay is always a good indication of real world prices. Watch a few auctions and it will give you an idea of what its worth.
Ebay is always a good indication of real world prices. Watch a few auctions and it will give you an idea of what its worth.
I would trawl Autotrader/PH/Ebay and see what is about.
If all the cars are cheaper its probably overpriced. If not it is not.
IMO the market price is so easily established with run of the mill cars the days of Glasses Guide/Parkers/whatever have gone. The Internet lets you research prices very easily today.
Remember we are a very poor economy at the moment. Bargains abound.
High mileage cars are heavily discounted in the trade. They are not popular.
I have consistently bought cars well below advertised price for many years.
I always look at the car before making a firm cash offer. And I always have the cash with me.
Finally FFS HPI the car you will be surprised how many cars on finance are offered for sale. Caveat Emptor!!
If all the cars are cheaper its probably overpriced. If not it is not.
IMO the market price is so easily established with run of the mill cars the days of Glasses Guide/Parkers/whatever have gone. The Internet lets you research prices very easily today.
Remember we are a very poor economy at the moment. Bargains abound.
High mileage cars are heavily discounted in the trade. They are not popular.
I have consistently bought cars well below advertised price for many years.
I always look at the car before making a firm cash offer. And I always have the cash with me.
Finally FFS HPI the car you will be surprised how many cars on finance are offered for sale. Caveat Emptor!!
CraigMST said:
If you go and view the car and say I will offer you £2k less I would think it was a bit cheeky to be honest.
If your first offer doesn't embarrass you then it is too high. Buying and selling is a game, sometimes in a game if you take a risk (the risk being looking like a
chancer) then you do well. If I wanted to pay £5.5k for a 6.5k car then my first offer would start with a 4, if I only offered £5.5 to start with I have no room to negotiate further as a buyer.
CraigMST said:
Surely it's worth how much you think it is worth and not what Parkers says.
If you go and view the car and say I will offer you £2k less I would think it was a bit cheeky to be honest.
I've just seen the advertisement and it does looks spotless but again it is high-ish mileage.
I know that my annual mileage is higher than average so it doesn't make sense to pay more money for a lower mileage cars out there. at the same time there is that mythical 100k point where everyone thinks a car will self combust when it comes to re sale in 18-24 months time. If you go and view the car and say I will offer you £2k less I would think it was a bit cheeky to be honest.
I've just seen the advertisement and it does looks spotless but again it is high-ish mileage.
If I have been unsure I buy the Glass's guide one off valuation just as an informed input to determinig the right price. I generally pitch in upper quartile of equivalents in Autotrader. When I am selling buyers sometimes quote Parkers valuations or come with a wad of Autotrader ads of lower priced cars to beat down the priced. Because I look after my cars and can prove it I usually tell them to go and view the rest and then call me back. Has not failed yet. I run a family fleet of four cars and typically keep them for 2-3 years. I never trade in. A mate of mine did his thesis at Imperial College on the used car market. He concluded, buy at one year old and sell at four.
This is the car in question.... http://www.stdrivers.co.uk/forum/topic/26341-st-td...
Chrisw666 said:
CraigMST said:
If you go and view the car and say I will offer you £2k less I would think it was a bit cheeky to be honest.
If your first offer doesn't embarrass you then it is too high. Buying and selling is a game, sometimes in a game if you take a risk (the risk being looking like a
chancer) then you do well. If I wanted to pay £5.5k for a 6.5k car then my first offer would start with a 4, if I only offered £5.5 to start with I have no room to negotiate further as a buyer.
OP, the prices on the Mondeos have dropped like a brick over the past 12 months. I paid £7500 for mine in June and now would probably be lucky to get £5k for it.
I'd say the one your looking at would be worth in the region of £5k.
There's an advertisement a few ads under the one you're looking at, roughly the same car but a bit shabbier and he's not even getting £5k.
The only two similar models that sold on ebay completed at £4k
http://www.ebay.co.uk/itm/2007-Ford-Mondeo-ST-TDCI...
http://www.ebay.co.uk/itm/55-FORD-MONDEO-ST-TDCI-E...
http://www.ebay.co.uk/itm/2007-Ford-Mondeo-ST-TDCI...
http://www.ebay.co.uk/itm/55-FORD-MONDEO-ST-TDCI-E...
Carpal said:
The only two similar models that sold on ebay completed at £4k
http://www.ebay.co.uk/itm/2007-Ford-Mondeo-ST-TDCI...
http://www.ebay.co.uk/itm/55-FORD-MONDEO-ST-TDCI-E...
Just seen this - http://www.ebay.co.uk/itm/06-Ford-Mondeo-St-Tdci-2...http://www.ebay.co.uk/itm/2007-Ford-Mondeo-ST-TDCI...
http://www.ebay.co.uk/itm/55-FORD-MONDEO-ST-TDCI-E...
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