£14k for trade in, is this right?

[oberon]

I currently have my 2005 6 litre VXR with Wortec and Ripshifter up for sale, good condition, 30k miles. I've been offered £14k for it as a trade in, that's the best bid the dealer could get. Am I being absolutely shafted or is this as good as the market is at the moment?

Has anyone managed to sell their car within the last month? I know its the run up to Christmas but is there genuine fear from dealers that Monaros will just sit for months unsold or are they trying to cash in on its rarity?

Cheers for any feedback.

[S600VXR]

Does seem a bit low compared to alot of others out there. Why are you getting rid of it... worst time of year at the moment... Disposing of a car to a dealer is always going to get you the lowest price mind!

[DevilYellowCV8]

That seems low for a car with that spec, but unless the dealer is familiar with Monaro's and their aftermarket upgrades, they'll mean diddly squat to them. In fact they may even in their niavity (or otherwise) try to get the trade in value down as they think the car may be 'boy raced up' and otherwise unsaleable or uninsurable to the average punter who might wander in off the street.

Christmas is also a bad time for sales but I don't think the figure would improve if you went back in the spring. Big cars, unless you're a 'real' car nut and really want one, are bad news in today's 'Green Society' (so we're all led to believe by the Tree huggers and champagne socialists) and I guess with demand falling like a brick, the dealer is probably thinking that he'll be having a Monaro parked up on his forecourt for a long time.

Couple of VY CV8's (05 plates) at the local VX dealership for under 16K. With those forecourt prices, I can only guess the previous owners were probably offered about 12-13k.

[ringram]

There looks to be a fair one on autotrader for £18995
I think there are a few reasons

- Loans are harder to come by and interest rates are up near 10% now
- Christmas, money is going elsewhere
- £400 road tax
- £1.20 petrol (if you live in chelsea)
- Will be a 3 year old car next year
- Vauxhall badge
- niche market
- vxr8's are popping up around £28k now

That being said I think if you advertise it privately at £17995 it should go quick enough. You might get £18,995 but given dealers are listing them at that price you might need to sit on it for a while. I just sold mine recently, loads of goodies etc and didnt really want to sell quite yet. But as they say "a bird in hand.."

[ringram]

DevilYellowCV8 said:

Couple of VY CV8's (05 plates) at the local VX dealership for under 16K. With those forecourt prices, I can only guess the previous owners were probably offered about 12-13k.

Interestingly I spoke to a mate who used to be a car dealer for years and years. Did quite well out of it by all accounts. Now semi retired and developing property. Anyway, he said its more a fixed margin than a percentage. He said on a £20k car he would look at around a £2k margin. A £5k car maybe £1k etc. Yard space is limited so I guess the idea is move them through fast and take a bit. He reconed he didnt want them on the lot for more than 3 months max.

I asked to get an idea of how much margin there was to work out a deal So that canned that idea. Main dealers might make a bit more with more overheads etc.

[DevilYellowCV8]

I wanted to trade a Frontera 3dr Olympus 3.2 V6 Sport (one of the very last on an 04 plate) in for a Corsa Diesel. I paid £16k brand new 18 months previously, only had 12k miles on the clock when I wanted to part with it, immaculate and I was offered £5k! I was told that if it went onto the forecourt it would go up for £8995 but the dealership reckoned it wouldn't shift even at that price as demand for Frontera's esp the V6 models was virtually zero.

Guess as previously mentioned, if it looks as though it'll be on the forecourt for more than 3 months, the price you get won't be so great.

[merge]

your right Richard , I know of a friend/customer who only makes a (few) hundred pounds on part exchage motors, buys them cheap and sells them fast, volume over percentage. (+ the add ons they love to sell ( comission loans etc etc ) and warranties ) and these cars are completly from the norm especially stood against the strong 4 door family salons and first time rides you normally see on the front of forecourts. thats without adding the fuel issues.
That said there is a hardcore of people looking for something different with money to burn? Also remember Monaro and Holden/Hsv are still very unknown bagdes.
Just my 2 pennies worth.
Good luck with the sale Oberon

[V6 JDT]

oberon said:

I currently have my 2005 6 litre VXR with Wortec and Ripshifter up for sale, good condition, 30k miles. I've been offered £14k for it as a trade in, that's the best bid the dealer could get. Am I being absolutely shafted or is this as good as the market is at the moment?

Has anyone managed to sell their car within the last month? I know its the run up to Christmas but is there genuine fear from dealers that Monaros will just sit for months unsold or are they trying to cash in on its rarity?

Cheers for any feedback.

A 54 plate 2005 6.0 V8 VXR on a well known pricing site Part ex is £17540 @10,000 miles and £22,000 on dealers forecourt i.e. £4,500 difference
An 05 plate is pex £18,230 @10,000 miles and f court £22,880 i.e. £4,600 diff. Mileage adjustment maybe £500 per extra 1000 miles so I would say you're still being Sc***ed!!

[ringram]

It doesnt matter what the pricing sites say, its what the market will pay.

Im sure the banks will say their Collateralized Debt Obligations (CDO)'s are worth more than what the market is paying now. But at the end of the day, its what you can sell it for when you want to sell it that sets the price.

[o.versteer]

V6 JDT said:

A 54 plate 2005 6.0 V8 VXR on a well known pricing site Part ex is £17540 @10,000 miles and £22,000 on dealers forecourt i.e. £4,500 difference
An 05 plate is pex £18,230 @10,000 miles and f court £22,880 i.e. £4,600 diff. Mileage adjustment maybe £500 per extra 1000 miles so I would say you're still being Sc***ed!!

To sum this up, those prices above are completely irrelevant, because this man's right:

ringram said:

It doesnt matter what the pricing sites say, its what the market will pay.

Im sure the banks will say their Collateralized Debt Obligations (CDO)'s are worth more than what the market is paying now. But at the end of the day, its what you can sell it for when you want to sell it that sets the price.

[anonymous-user]

I decided quite some time ago that my CV8 would never be a shrewd investment, the demand for an obsolete V8 Vauxhall is virtually zero, especially with FI; it's what it's worth to me that counts and I have no plans to sell it. As a car & bike lover I've never owned anything that's attracted so much positive attention and with good reason - it's rare and most people either cannot afford or are not brave enough to run one. I parked next to a newish RS4 yesterday, and in spite of being a spectacular car it look almost anonymous parked next to mine. Also, according to Chris Harris from Autocar his has lost £16k in 18 months of ownership and averaged 16mpg!

If it's petrol you're worried about , forget about selling it, you'll lose a fortune. Instead, buy a 2 grand diesel runabout; it will cost pennies to run and serve you well. I currently run a bike for 9 months of the year and use the car during winter.

[FEATHERFOOT]

I think the interesting thing is that Dealers make 2-3k on selling a secondhand car - quite correctly when they have the massive overheads they must have (main dealers).
But then they claim they are prepared to make £100 to £500 on a new car.
Am I being silly or are they hoping that second hand deals subsidise the new car trade. I know that there are performace/sales targets giving a retro on new cars - but with the average main dealership costing 7 figures - it does not add up that there are such small margins on new cars.
But not working in the car industry maybe I just don't get it.
The other thing is that I notice that all 'extras' are worthless when trading in but all dealers want top money for the same 'extras' when selling out.
In all I have said I do not want anyone to think that I am not saying that people who work in the Car industy should only earn 'X'. In not! The media who have us belive that profit is a dirty word, but they are worth more money.(BBC Strike again & again) etc.etc
Rant Ends

[neildockrell]

Hi all,

Interesting thread, I wonder what any car is worth these days, once you step away from the typical family jam jar, or the more popular sports hatch you are in such a grey area.

Only a few years ago grey imports had their day, FTO, GTO, Supra, 300z, skylines et all, restored MGB's and Jaguars before that, temporarily high profile and high prices, where have they all gone ??

I am not a dealer, but, have to respect that like any business they have to respond to the market when buying in by way of trade in cars.

Have to say it, but who would spend out at this time of year ?
I feel sure that once Xmas is out the way and most folks have had their january paypacket the market will start to firm up again. Allways assuming that petrol prices start to settle.

Now if you really want to have a rant about spending and losing money, BUY A BOAT !!! you have not lived until you have owned a floating debt mountain !!!!

[anonymous-user]

I think people see cars differently these days, almost like "white goods" to get you from A to B. You buy a car within your budget, run it for 3 years and sell it to buy another new one...even though your existing one still has many more miles left in it. They are often bought by people who have no interest in driving or owning something a little different or second hand; we 'petrol heads' are in the minority.

In years to come the world will be driving speed-limited, electric-diesel hybrids made of hemp which they bought from Tescos.

Edited by anonymous-user on Saturday 15th December 18:53

[phrich]

You could sell it for more in Aus, £14K * 2.43 = $34K

There are no HSV coupes for less than $40K

www.drive.com.au/Search/SearchResults.aspx?m=HSV|COUPE|&from=4&sf=priceasc

[V2RAC]

From the head of the department of sweeping statements, never buy a boat or a caravan. Boats hemmor heammor sod it bleed money. Hate caravans. Tin hat firmly on!

[After_Shock]

oberon said:

I currently have my 2005 6 litre VXR with Wortec and Ripshifter up for sale, good condition, 30k miles. I've been offered £14k for it as a trade in, that's the best bid the dealer could get. Am I being absolutely shafted or is this as good as the market is at the moment?

Has anyone managed to sell their car within the last month? I know its the run up to Christmas but is there genuine fear from dealers that Monaros will just sit for months unsold or are they trying to cash in on its rarity?

Cheers for any feedback.

Your car guides at roughly £17k ish I dont have Decembers guide handy so cant check exactly, however as mentioned the market is knackered at the minute, no one is buying anything, Even Mini's are about £1000 minimum behind the guide prices and their normally rock solid.

Also as said its what someone will pay for your car in the trade, people will look at being a 6litre old model V8, petrol prices going up, house prices going down, people not spending in general and as 90-95% of Vauxhall dealers wont touch monaro's as used stock unless their massively cheap the garage will struggle to get a bid on the car. If you paid £25k for the car consider that your getting 55-56% back after 2 years on a car like what it is isnt too bad.

[After_Shock]

FEATHERFOOT said:

I think the interesting thing is that Dealers make 2-3k on selling a secondhand car - quite correctly when they have the massive overheads they must have (main dealers).

Doesnt quite work like that, people may see a car offered at £X as a trade in and then up at £2500-3000 more on a forecourt however the dealer even very very good dealers dont make anywhere near that even with the extras they may be able to sell added on.

Take a typical example, a 3 year old average mileage car is traded in at a main dealer, a margin of £2500 is put across the car when it goes up for sale. Out of that margin you need to take out the following:
£150 Workshop inspection
£200 Car Due Service in next 3 months
£50 MOT
£100 Other Minor work, wipers etc to pass MOT
£50 Dent removal of minor parking dents
£150 Bodyshop repair of scuff on front bumper
£400 Warranty Main Dealer has to supply with the car included in the cost
£250 Customer wants £3k for px that trading in not the £2750 its worth

Leaves £1150 profit, take out the 17.5% Vat that has to be paid on it gives a rather sensible amount of £980 ish.

Naturally thats just a typical example, trouble is the part ex may need discs/pads that arent known when its traded in, the list obviously is endless but then on the other hand it may need nothing at all doing.

People demand cars be in the best condition when they buy them but want top money for their car and to pay as little as possible for the car they want!

[MikeGF]

Is this a trade in at a Vauxhall dealership?

[oberon]

Hi Mike,

No it wasn't at Vauxhall, they offered even less without even bothering to look at it