it is 2001 Y Reg, 48000 miles, Electric hood , air con, leather, chrome pack, 17 inch alloys. Glass's guide says its worth £11600 in average condition which it is. (I got the valuation online taylored to my car for a fee) Why is it that dealers have offered me between 7k and 9k as a part x. are they trying to rip me off? Please only answer if you know the motor trade.
2007-01-19 04:39:34 · 9 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Checking Glass's guide trade prices then £9k is the absolute most you will get as part ex. Coming up at £8780 as trade for me. You may say but he will sell it for £11.5k but do take into account the cost to him of preparing the car, doing any mechanical work, MOT work, bodywork and valeting it will need before it goes on the forecourt. Then allow a fair amount for warranty work if anything goes wrong post sale.
I'm sure if the gearbox in your new car failed within 5k miles you will be back on to the dealer getting him to foot the bill for a repair.
No they aren't trying to rip you off, You may get a better deal selling yours and buying privately but you dont get all the niceties outlined above.
You get what you pay for!
2007-01-19 06:02:38 · answer #1 · answered by Mark B 5 · 0⤊ 0⤋
They always offer less than the market price purely because they are the "MARKET", then they have to add depending on the garage/showroom 10 to 30% to make a profit for the garage and the Sellers commision. Most salerooms work on a commision basis.
There are a few which will be honest and tell you that you can get more money for your car if you sell private but they will also say that you could be waiting a while for a buyer and then go on to say that if you were to sell your car to them you can pretty much walk away with the cash in the bank.
Private Buyers will use the guide price as a top figure but will usually want to pay less. 9 times out of 10 though selling privately will get you more money but you will have to wait till a buyer shows up willing.
A little long winded but to the point.
I hope this was helpful enough
2007-01-19 05:12:48 · answer #2 · answered by Anonymous · 1⤊ 0⤋
A dealer is never going to give you what your car is worth. They have to resell it, and they need to make money on it. If they give the blue book value, do you think they would make a penny when they sell it? Its potential buyers are gonna be looking up the blue book cost, and when its 2000 more then its worth, theyre not going to buy it.
This is how it works.
If you want the full value your car is worth, then sell it outright, if you want to get rid of it now to buy a new vehicle, take it to a dealer.
Now being in average condition, the dealer will lose even more money because no one is gonna buy a 6 year old car that looks like *** for the full value.. So as a part car its worth twice as much to them, but being said, not all the parts are gonna be sold.
I mean a BMW i6 engine/transmission with 48,000 miles is great for them, but the entire body is going to be junked.
2007-01-19 04:55:14 · answer #3 · answered by Anonymous · 0⤊ 1⤋
I would sell privately, Part Ex-ing nearly always loses you money, remember the dealer has his profit margin to think of, I've seen dealers give £9000 part ex on cars only to see the car 3 weeks later on the forecourt for £11995, which surprise surprise is the glass's guide price for forecourt, the car in Question was a Seat Ibiza TDi, 10 Months old. You would be much better to sell the car yourself, you'll get much more for it!
2007-01-19 05:10:34 · answer #4 · answered by Mr Sarcastic 3 · 0⤊ 0⤋
The motor trade want to make a profit on your car when they come to sell it, it's really as simple as that. Basically they are ripping you off and you would get more for it selling it privately. Then you can ask for nearer the guide price in the Glass's book.
2007-01-19 04:56:27 · answer #5 · answered by Chippers. 2 · 0⤊ 1⤋
the guide price you were given was most likely for a private sale and not a dealer part ex.
check auto trader website and see how much the otehr private buyers are selling for with the same milage, its probably going to save you more than doing the trade in.
2007-01-19 04:45:29 · answer #6 · answered by Anonymous · 0⤊ 0⤋
regardless of your cars book value the truth is dealers expect to have difficulty in selling it on , the longer they keep it the less it's worth so they are protecting themselves against the shortfall . why not sell it yourself for £12000 and put that down against a new car ?
2007-01-19 04:45:45 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Car Dealerships are full of trash. They will try and pull the wool over your eyes. Don't let them swindle you. You can always find a buyer through the internet, and through the newspapers.
2007-01-19 04:47:55 · answer #8 · answered by kobayashi 2 · 0⤊ 1⤋
your lucky they offered you that much for a shed of a car
2007-01-19 04:53:05 · answer #9 · answered by Anonymous · 0⤊ 2⤋