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  • FIRST POST
    • wazza99
    • By wazza99 19th May 17, 3:23 PM
    • 191Posts
    • 113Thanks
    wazza99
    A daft question just crossed my mind
    • #1
    • 19th May 17, 3:23 PM
    A daft question just crossed my mind 19th May 17 at 3:23 PM
    So if you have a car say worth 25000 and you go to p/ex and downsize, lets say wanted to buy a Peugeot for 10000, would any garage entertain such a deal ??? in terms of giving cash back ?

    I know you could sell the expensive car 1st but that could be a big hassle.

    I ask as i thought of doing such.....i have a PUG worth about 10k if i was to trade it in against a Land Rover which costs 29k, fair enough i give the garage 20k.......but what if in a year or two i wanted to downscale ?
    Last edited by wazza99; 19-05-2017 at 3:25 PM.
Page 1
    • agrinnall
    • By agrinnall 19th May 17, 3:38 PM
    • 17,408 Posts
    • 13,064 Thanks
    agrinnall
    • #2
    • 19th May 17, 3:38 PM
    • #2
    • 19th May 17, 3:38 PM
    Yes, but don't expect to get a great deal. I'm probably the only person in the world that has ever traded in a Porsche Boxster for a Fiat Panda - the dealer wrote me a cheque of around 11,000 for the difference.
    • lincroft1710
    • By lincroft1710 19th May 17, 4:00 PM
    • 9,184 Posts
    • 7,031 Thanks
    lincroft1710
    • #3
    • 19th May 17, 4:00 PM
    • #3
    • 19th May 17, 4:00 PM
    Often used to see car dealers' ads with phrases like "P/X with cash either way"
    • EdGasketTheSecond
    • By EdGasketTheSecond 19th May 17, 4:21 PM
    • 73 Posts
    • 41 Thanks
    EdGasketTheSecond
    • #4
    • 19th May 17, 4:21 PM
    • #4
    • 19th May 17, 4:21 PM
    Round my neck of the woods there are plenty of 'Motors bought for cash' premises so they will pay you money even if you aren't buying anything ....if the deal is right.
    • motorguy
    • By motorguy 19th May 17, 9:52 PM
    • 14,837 Posts
    • 8,316 Thanks
    motorguy
    • #5
    • 19th May 17, 9:52 PM
    • #5
    • 19th May 17, 9:52 PM
    So if you have a car say worth 25000 and you go to p/ex and downsize, lets say wanted to buy a Peugeot for 10000, would any garage entertain such a deal ??? in terms of giving cash back ?

    I know you could sell the expensive car 1st but that could be a big hassle.

    I ask as i thought of doing such.....i have a PUG worth about 10k if i was to trade it in against a Land Rover which costs 29k, fair enough i give the garage 20k.......but what if in a year or two i wanted to downscale ?
    Originally posted by wazza99
    Very common

    BUT - to get the best hope of a good deal you need to be looking at a dealership that stocks both the quality of car you're looking to downsize to AND the quality of car you're trading in.

    For example, if you went back to your Peugeot dealers with a 29K Land Rover they'd trade it on rather than retail it.

    Under such circumstances, you'd be better trying round your local "specialists" who would retail that sort of car and go to a dealer for a straight sale deal on what you're buying.

    PS - if you think theres ANY chance you'll want back out of the proposed Land Rover deal in a year or two DONT DO IT. You will take a severe hit on the value of it. I'd say an easy 10,000 bath....
    Regards

    Paul
    • wazza99
    • By wazza99 20th May 17, 7:49 AM
    • 191 Posts
    • 113 Thanks
    wazza99
    • #6
    • 20th May 17, 7:49 AM
    • #6
    • 20th May 17, 7:49 AM
    Thanks for the replies, the only reason i'd go back is the Land Rover at 29k would be ofc a used one and they only come with a 2 year warranty. I don't think i dare own one out of warranty !
    • deaston
    • By deaston 20th May 17, 4:54 PM
    • 387 Posts
    • 209 Thanks
    deaston
    • #7
    • 20th May 17, 4:54 PM
    • #7
    • 20th May 17, 4:54 PM
    Ignore me - posted in the wrong place.
    Last edited by deaston; 20-05-2017 at 5:03 PM.
    • Richard53
    • By Richard53 23rd May 17, 11:04 AM
    • 2,406 Posts
    • 2,073 Thanks
    Richard53
    • #8
    • 23rd May 17, 11:04 AM
    • #8
    • 23rd May 17, 11:04 AM
    In an emergency or if desperate, consider doing this. If you're doing it to save money, think again. I inherited my Dad's Volvo 360 when he died, and planned to sell my little Renault 5. The Volvo was pretty hopeless (heavy, no PAS, hard work on the twisty lanes where I lived) so I decided to sell to a dealer. I was innocent in those days and got completely rinsed on the deal. Never again, unless I had no alternative.
    If all misfortunes were laid in one common heap whence everyone must take an equal portion, most people would be contented to take their own and depart. (Attrib. to Socrates)
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