Used Car Values

[sheslookinhot]

Have you seen any evidence from private sales or car dealers that prices have dropped ? I am afraid I haven't. :confused:

[zappahey]

Have you seen any evidence from private sales or car dealers that prices
have dropped ? I am afraid I haven't. :confused:


Are you serious? I just bought a 2004 SAAB 9-5 Aero for £4.5K. That's something like a £20k loss someone's taken in 4 years. There are stacks of bargains out there.

[harveybobbles]

12 month old Audi RS4 for 30,000 quid. So yes, prices are tumbling...

[credit crunch victim]

have a look on pistonheads classifieds 60k m5's now sell for as low as 25k
watched an 04 mondeo ghia x fully loaded car new 22k sold for 2400-00 at auction
there are bargains out there but there are also a lot of people who need to sell for a lot more than they are going to get

[Conor]

Have you seen any evidence from private sales or car dealers that prices have dropped ? I am afraid I haven't. :confused:

You must be blind. I've seen a Mondeo 6 months older than mine with 40k fewer miles on for under half what I paid for mine 14 months ago. I paid the going rate at the time. It's not unique. 04 and 53 plate Mondeos which were £4.5-5.5k a year ago are now struggling to do £2-£2.5k.

[Bluelion]

Where do you guys look for used cars online? Im currently either autotrader or browsing around on google.

[Hintza]

Where do you guys look for used cars online? Im currently either autotrader or browsing around on google.

Some of the smaller dealer website (google) but the one I would add is Ebay. They have a sort of Trade Section (classifieds) now so that is worth a look.

[DigitalJedi]

I really struggled to sell my Ford Galaxy recently. I was asking below trade in price for a car in A1 condition, still well within warranty period and there was virtually no interest.

In the end took a hefty hit from the one person who was interested. He got a bargain. It certainly is a buyer's market out there. The main dealers may not be dropping the headline figure but I bet they will drop more if you haggle.

My advice is to forget Auto Trader. It was expensive and all I got was calls from agencies. eBay seemed to work much better.

[credit crunch victim]

trouble at the moment is a lot of people and dealers have stock which owes them a lot more than it is currently worth
so they are advertising at a high price
i know dealers that have had certain cars for over a year and they were desirable cars 6 months ago

[Hintza]

trouble at the moment is a lot of people and dealers have stock which owes them a lot more than it is currently worth
so they are advertising at a high price
i know dealers that have had certain cars for over a year and they were desirable cars 6 months ago

Aye well if they don't get real they will still have them in another 6 months.

[DKLS]

Merc CLS costing 88K two years ago, FSH and 32K miles, was advertised at 24K after chatting with the guy I could have got it down to 18K without much hassle.

If you stay away from the superminis and diesels there are some great bargains to be had, especially if you fancy a V8.

Oh and today a 1 yr old Murano 3.5 l V6 with 40K miles and FSH, initially costing 30 odd grand could be had for 14K, and I reckon more if you played hardball.

[saintjanet]

Read what Quentin Wilson has to say on this subject in the sunday mirror every week,some of the cars he finds cost so little it's unbelievable,if people have a trade in they will be shocked at it's value but one out weighs the other,hopefully.

[Dan29]

Have you seen any evidence from private sales or car dealers that prices have dropped ? I am afraid I haven't. :confused:

Yep. 2005 Mazda MX5s which were selling for £10k in September 2007 were selling for under £6k in September 2008.

Read what Quentin Wilson has to say on this subject in the sunday mirror every week,some of the cars he finds cost so little it's unbelievable,if people have a trade in they will be shocked at it's value but one out weighs the other,hopefully.

http://www.mirror.co.uk/advice/motoring/willson/

[wiliamsshek]

I am trying to sell my car but i am not getting the right price, few of the buyers ended up negotiating to the extremes, how do i handle this ? Any suggestions ?

[zappahey]

Some more information on the car would be useful and what you view as the "right price". It may be that you are being too ambitious in this climate but there are plenty here who can advise.

[cheeky]

I am trying to sell my car but i am not getting the right price, few of the buyers ended up negotiating to the extremes, how do i handle this ? Any suggestions ?

Large tub of vaseline i am afraid....

[vansboy]

I am trying to sell my car but i am not getting the right price, few of the buyers ended up negotiating to the extremes, how do i handle this ? Any suggestions ?

Well at least you're getting some interest - so many others, trying to sell, only get calls from other advertising agencies.

& the 'right' price, is simply whatever anyone wants to pay for it, on the day you want to sell it!

If you check http://www.sure-sell.info/ you might find auction the easist way to go.

VB

[Welshwoofs]

My Father recently sold his 2 1/2yr old audi a6 2.7 quattro avant - fully loaded with every option available for £8.5k so I'd say prices are tumbling all right!