How much discount do you expect off a secondhand car?
Discussion
I know I know, depends what it is, depends how much it is, depends what condition it's in, better to pay full price for a cheap car than a bit of discount on a dear one, etc etc.
But all that aside, and just as a rough working ballpark, when you're looking and making offers on a used car, what sort of figure do you have in your head (percentage-wise) as a sensible amount you'd hope to negotiate?
But all that aside, and just as a rough working ballpark, when you're looking and making offers on a used car, what sort of figure do you have in your head (percentage-wise) as a sensible amount you'd hope to negotiate?
Ari said:
I know I know, depends what it is, depends how much it is, depends what condition it's in, better to pay full price for a cheap car than a bit of discount on a dear one, etc etc.
But all that aside, and just as a rough working ballpark, when you're looking and making offers on a used car, what sort of figure do you have in your head (percentage-wise) as a sensible amount you'd hope to negotiate?
Dunno. Depends what it is, depends how much it is, depends what condition it's in, better to pay full price for a cheap car than a bit of discount on a dear one.But all that aside, and just as a rough working ballpark, when you're looking and making offers on a used car, what sort of figure do you have in your head (percentage-wise) as a sensible amount you'd hope to negotiate?
Ari said:
I know I know, depends what it is, depends how much it is, depends what condition it's in, better to pay full price for a cheap car than a bit of discount on a dear one, etc etc.
But all that aside, and just as a rough working ballpark, when you're looking and making offers on a used car, what sort of figure do you have in your head (percentage-wise) as a sensible amount you'd hope to negotiate?
When buying or selling I generally go for a figure of 5-10% unless I find something that would cost more to repair (when not factored into the original price).But all that aside, and just as a rough working ballpark, when you're looking and making offers on a used car, what sort of figure do you have in your head (percentage-wise) as a sensible amount you'd hope to negotiate?
Ari said:
I know I know, depends what it is, depends how much it is, depends what condition it's in, better to pay full price for a cheap car than a bit of discount on a dear one, etc etc.
But all that aside, and just as a rough working ballpark, when you're looking and making offers on a used car, what sort of figure do you have in your head (percentage-wise) as a sensible amount you'd hope to negotiate?
There is no ball park figure as it depends on a lot of things, far too many. Common sense being one of them, i.e. you might expect to knock £1000 off a £20k motor, but you'll not get the same discount on a £500 banger.But all that aside, and just as a rough working ballpark, when you're looking and making offers on a used car, what sort of figure do you have in your head (percentage-wise) as a sensible amount you'd hope to negotiate?
At the end of the day all traders are there to make money, so factors such as:
-how much money does the car owe them?
-what is there current cash flow like?
-are they putting a good warranty on the car or expecting it to be troublesome once sold?
-how long have they had it in stock?
-is it a type/make of car they normally deal in, or do they just want shot of it?
-how is it priced compared to its condition and vs the rest of the market for comparable vehicles?
-are they in a good mood when you are speaking to them?
-do they like you and want to do business with you?
-are they desperate to sell the car or not?
-if a trader do they have any targets to meet or on commission?
-is tax/MoT included in the price?
Probably in the order of 5%, but depends on the deal and who you're buying from.
It seems that sometimes cars are advertised below a "threshold" price so they appear on web searches, e.g. £9,995 will come in "under £10k". So if a seller wanted £10k for their car, they're less likely to advertise at £11k and then offer punters £1k off when the turn up - because at £11k the phone won't ring as much. So they'd be better off putting it up at £9,995 and 'no offers'.
It seems that sometimes cars are advertised below a "threshold" price so they appear on web searches, e.g. £9,995 will come in "under £10k". So if a seller wanted £10k for their car, they're less likely to advertise at £11k and then offer punters £1k off when the turn up - because at £11k the phone won't ring as much. So they'd be better off putting it up at £9,995 and 'no offers'.
300bhp/ton said:
There is no ball park figure as it depends on a lot of things, far too many. Common sense being one of them, i.e. you might expect to knock £1000 off a £20k motor, but you'll not get the same discount on a £500 banger.
Ah, but you might get £25 off the banger, which is the same 5%. 
mrmr96 said:
Probably in the order of 5%, but depends on the deal and who you're buying from.
It seems that sometimes cars are advertised below a "threshold" price so they appear on web searches, e.g. £9,995 will come in "under £10k". So if a seller wanted £10k for their car, they're less likely to advertise at £11k and then offer punters £1k off when the turn up - because at £11k the phone won't ring as much. So they'd be better off putting it up at £9,995 and 'no offers'.
That's a good point. I guess with the rise of the Internet and the ability to see everything for sale in one easy hit and neatly ordered by price, the asking price has become a lot more critical to getting interest in the first place. It seems that sometimes cars are advertised below a "threshold" price so they appear on web searches, e.g. £9,995 will come in "under £10k". So if a seller wanted £10k for their car, they're less likely to advertise at £11k and then offer punters £1k off when the turn up - because at £11k the phone won't ring as much. So they'd be better off putting it up at £9,995 and 'no offers'.
The biggest factor should be the market price.
If the MV of a car in a certain spec, age and condition is circa 10K you would expect to negotiate a big discount if it is listed for 15K. If you don't, chances are you will take a bigger hit when you sell up.
If it was listed for 10K you probably are not going to get much off.
I've been watching a car on autotrader for over a year.. The price is £16695, and it was orginally on at £18,000. I imagine the dealer would bite your arm off if you offered 14K, but the MV of the car is probably closer to 10K so it still wouldn't be a good deal.
If the MV of a car in a certain spec, age and condition is circa 10K you would expect to negotiate a big discount if it is listed for 15K. If you don't, chances are you will take a bigger hit when you sell up.
If it was listed for 10K you probably are not going to get much off.
I've been watching a car on autotrader for over a year.. The price is £16695, and it was orginally on at £18,000. I imagine the dealer would bite your arm off if you offered 14K, but the MV of the car is probably closer to 10K so it still wouldn't be a good deal.
Well to put some context to it, the car in question is circa £20K and up for £950 more than current CAP retail.
It's a very good spec and colour, decent but not perfect condition (few tiny stone chips, chips in trailing edge of drivers door where opened against a garage wall probably, and some idiot's sprayed up the dash with shiny cockpit spray). At least one of the tyres has crazing around the rim so guess that'll want changing.
They've offered me the CAP clean trade price for mine (which, if I say so myself, is immaculate). They say they've already dropped theirs a thousand to its current asking price and are prepared to give me another £500 off, plus they'll MOT it and service it. I'll have to tax it and pay for plate change (fair enough).
I just feel that in the current climate paying over CAP retail (I know it's just a guide) for a car they've had a while is a bit much.
It's a very good spec and colour, decent but not perfect condition (few tiny stone chips, chips in trailing edge of drivers door where opened against a garage wall probably, and some idiot's sprayed up the dash with shiny cockpit spray). At least one of the tyres has crazing around the rim so guess that'll want changing.
They've offered me the CAP clean trade price for mine (which, if I say so myself, is immaculate). They say they've already dropped theirs a thousand to its current asking price and are prepared to give me another £500 off, plus they'll MOT it and service it. I'll have to tax it and pay for plate change (fair enough).
I just feel that in the current climate paying over CAP retail (I know it's just a guide) for a car they've had a while is a bit much.
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