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MSE News: Buyers knock £900 off car prices

"Successful bartering has helped cut an average of £939 off the price of a car for buyers, says a survey by Auto Trader..."
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Buyers knock £900 off car prices

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Comments

  • colino
    colino Posts: 5,059 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    What a very disappointing and thin article to be in here. As it includes new cars does that mean, with some manufacturers, discounts off of their fantasy list price? By all means in the spirit of moneysaving point out the need to seek a discount on every major purchase, but average savings over an unconnected gaggle of cars and price ranges? Not worth the money it was printed on.
  • LandyAndy
    LandyAndy Posts: 26,377 Forumite
    Part of the Furniture 10,000 Posts
    colino wrote: »
    What a very disappointing and thin article to be in here. As it includes new cars does that mean, with some manufacturers, discounts off of their fantasy list price? By all means in the spirit of moneysaving point out the need to seek a discount on every major purchase, but average savings over an unconnected gaggle of cars and price ranges? Not worth the money it was printed on.

    I agree. Completely meaningless.

    About the only interesting thing is that as many as 40% of buyers paid full asking price.
  • What a weird article, almost read like an advert for Autotrader.

    "Auto Trader group director Nathan Coe says: "With so many sellers getting less than they were expecting for their cars, it raises the question of whether this is people not valuing their cars appropriately or whether it's buyers taking advantage of a weak market."

    Not much of question to puzzle over here: People consistently value their cars at higher than market price as they know everyone who comes to kick the tyres will haggle.
  • sounds like a bargain i'll have two!!
    Year 2019 (1,700/£17000mortgage repayment)Overall mortgage (71,400/165568) (44
    .1%) (42/100) payments made. Total paid 2019 year £1,700

    Total paid 2017 year £15,300Total paid 2018 year £13,600
  • motorguy
    motorguy Posts: 22,611 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Speaking as a part time motor trader, it also sets an expectation on the used market that cannot be met.

    I've a Golf for sale at the moment very competitively priced at £1495, just got a 'i will give you £1050 for it mate' text. Would love to be on the sort of margins this guy thinks i'm on...
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