Trade in Values vs Sale Value
Discussion
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!
Frustrating is not the word, especially when I want to buy a car from the same dealership youd think they would sort it out!
kambites said:
Shocking isn't it. How dare they want to make a profit!
If you don't think the service they provide is worth the money they charge, surely you can just sell it privately?
You missed that the OP was happy for the dealership to make a 38% markup on the price; and suggested that higher than this was unreasonable; not that it shouldn't be done, just that it was unreasonable.If you don't think the service they provide is worth the money they charge, surely you can just sell it privately?
If you can get that for the car then sell it privately and negotiate a discount.
Otherwise your car could sit on the forecourt for months on end plus they have to work in a potential over-valued part-ex, a warranty and getting it up to scratch.
The screen price is not cast in stone and means the dealer can offer a good PX value on a car worth nothing to cement a deal.
It's called business and risk. Ultimately, if they can't sell it, they could even make a loss.
Otherwise your car could sit on the forecourt for months on end plus they have to work in a potential over-valued part-ex, a warranty and getting it up to scratch.
The screen price is not cast in stone and means the dealer can offer a good PX value on a car worth nothing to cement a deal.
It's called business and risk. Ultimately, if they can't sell it, they could even make a loss.
Shmee said:
You missed that the OP was happy for the dealership to make a 38% markup on the price; and suggested that higher than this was unreasonable; not that it shouldn't be done, just that it was unreasonable.
I understand that and stand by my comment - if the service they're providing isn't worth the price they're asking for it, sell elsewhere. It clearly is worth is for some people because lots of people do trade in. I dare say the dealer knows what it's doing; if they appealed to everyone that would mean they were charging too little.
I suspect in this case the reason the disparity is so big is precisely that they have others the same on the forecourt. Why would they want to pay good money for another one when they already have some to sell? Also, given that the OP's profile says that he paid 14500 for the car new, I doubt the dealer is actually expecting to sell the one on the forecourt for £14500 at two years old.
Edited by kambites on Thursday 10th January 13:57
I completely understand they want to make a profit but wanting to make almost 80% is shocking in my opinion. I cant sell privately as its financed so no one would touch it unfortunately. the finance is with audi who I am trying to trade in with so I dont see their problem is, they could pay me my 11000 and still make 2500 to 3000 easily, its in great nick, low mileage and just had service and MOT. Tyres all new there is literally nothing they need to do.
kambites said:
I suspect in this case the reason the disparity is so big is precisely that they have others the same on the forecourt. Why would they want to pay good money for another one when they already have some to sell? Also, given that the OP's profile says that he paid 14500 for the car new, I doubt the dealer is actually expecting to sell the one on the forecourt for £14500 at two years old.
I didnt pay 14500 new, it was 24600. The ones on the forecourt are also not new.Edited by kambites on Thursday 10th January 13:57
kambites said:
Shmee said:
You missed that the OP was happy for the dealership to make a 38% markup on the price; and suggested that higher than this was unreasonable; not that it shouldn't be done, just that it was unreasonable.
I understand that and stand by my comment - if the service they're providing isn't worth the price they're asking for it, sell elsewhere. It clearly is worth is for some people because lots of people do trade in. I dare say the dealer knows what it's doing; if they appealed to everyone that would mean they were charging too little.
I suspect in this case the reason the disparity is so big is precisely that they have others the same on the forecourt. Why would they want to pay good money for another one when they already have some to sell? Also, given that the OP's profile says that he paid 14500 for the car new, I doubt the dealer is actually expecting to sell the one on the forecourt for £14500 at two years old.
BettySwollocks2 said:
kambites said:
I suspect in this case the reason the disparity is so big is precisely that they have others the same on the forecourt. Why would they want to pay good money for another one when they already have some to sell? Also, given that the OP's profile says that he paid 14500 for the car new, I doubt the dealer is actually expecting to sell the one on the forecourt for £14500 at two years old.
I didnt pay 14500 new, it was 24600. The ones on the forecourt are also not new.
S2Mike said:
Could be worth travelling to another dealer and play one off against the other.
A profit is one thing, hedging the bets with possible warranty claims . ok but £6k is a lot.
my mrs' dealership seems to add on c2k ish, tho prep costs etc need to be taken into account.A profit is one thing, hedging the bets with possible warranty claims . ok but £6k is a lot.
Mrs SL used to work for Sytner group, and looking on the system at trade in v's retail, the high end garages used to add on approx £10k for Ferrari's and the like (60/70k+ cars).. i could never afford i just liked to peruse.. regularly!
adding on 6k for a 12k car is excessive!.. maybe they are overstocked and dont really want your car.. which does happen.
kambites said:
BettySwollocks2 said:
kambites said:
I suspect in this case the reason the disparity is so big is precisely that they have others the same on the forecourt. Why would they want to pay good money for another one when they already have some to sell? Also, given that the OP's profile says that he paid 14500 for the car new, I doubt the dealer is actually expecting to sell the one on the forecourt for £14500 at two years old.
I didnt pay 14500 new, it was 24600. The ones on the forecourt are also not new.On their sticker prices they have to write in a discount ( say 500-1000 quid),prep costs,warranty(if applicable) and Vat on any sale profit.
I hate MD's with a passion, but threads like this never cease to amaze me how people seem to think these places owe them a favour.
They don't want your car particularly,so they bid low,it's not rocket science.
I hate MD's with a passion, but threads like this never cease to amaze me how people seem to think these places owe them a favour.
They don't want your car particularly,so they bid low,it's not rocket science.
kambites said:
Roo said:
We pay VAT on the difference between the buying and selling prices irrespective of any expenditure.
But presumably you don't pay VAT on the expenditure required to get it ready for sale? Gassing Station | General Gassing | Top of Page | What's New | My Stuff