Part Exchanging a car - getting a fair price

burgewhit

We are looking to trade in 1 of our cars and have checked what What Car says the part x value should be. Both of our cars apparently are worth about £3000 but 1 dealer offered us £1,800 for the car we were offering him and another dealer has said our other car is worth between £1500 - £2000 depending on the condition (he's not seen it yet). Does What Car have it soooo wrong or are they trying it on and should I hold out for more?

harveybobbles

Have a look in the wonderful Parkers to see what the car youre buying is priced at. Cos it'll be about 1500 over what the dealer is asking...

sheslookinhot

Cars are worth a lot less than their owners think.

harveybobbles

sheslookinhot wrote: »

Cars are worth a lot less than their owners think.

They always want money off the car they're buying.
They want top money for their !!!!!! old px. Or they say "well I've seen um on autotrader for loads more than that"

I reply with "Well go away and advertise it your self then to get more money for it..."

They reply with "Oooooh well I can't be arsed with the hassle..."

I reply with "Well there you go then..."

harveybobbles

burgewhit wrote: »

Does What Car have it soooo wrong or are they trying it on and should I hold out for more?

Or you could let a selection oif dealers look at it. It annoys me when people want me to value their car but say it's at home. How the hell can I value it then without giving a wide range..?!

Also go look on autotrader website to see what your car is selling for to give you an idea...

Hintza

What is it selling for on EBay? If there is a huge difference sell yours there.

You have been to two dealers and have been offered virtually the same. If you hold out for more then the new Glass's guide will be out and the price will be down again.

Lemonade_Pockets

+1 you snooze you lose.

Parkers and Whatcar etc are wrong more times than they are right. Even glasses guide is wildly wrong every so often.

The best way is just to get out there and get a few different values from different dealers.

Then bargin hard you can negotiate your px up as well as the price of the new car down. But overall its the cost to change that matters. i.e. Don't pay way over the odds for your new car just to get a decent px figure.

Customers don't think about this but no dealer pays top dollar for part ex's and then sells them for less than anywhere else. Its a balancing act so do a little bit of shopping then get bargining hard.

I knew a salesmanager who when questioned about a low part exchange price simply said well the good news is i valued the car your looking to buy aswell!!!! Haha not entirely helpfull but you get the idea.

burgewhit

Well I don't know what to think my car is worth that's why I was asking who was right, the dealer or What Car. Also I didn't ask for a px price, I went in to have a look at the car and to have a drive as I had just done some work around the corner from the dealer so was already in the area, he asked me if I was px and even when I said I didn't have that car with me as it was my husband's he still offered me a between this and this price.

The cars in auto trader similar to ours are going for about £700 more Trade than What Car is saying is the trade in value. Not sure what a reasonable mark up for the trader should be.

If we're talking about things that annoy us, I get annoyed going in to a dealer, telling them I want to pay cash and then spending half an hour with them trying to sell me credit!

Thanks for the advice

Lemonade_Pockets

Car (or anything for that matter) is worth what someone will pay for it.

Since what car aren't in the habit of purchasing cars it sounds like your car is worth £1800 - £2000. However the more dealers you ask the more likely you are to find out wether this is the going rate or not.

Maybe if you gave us some info about the car you are part exing we can help you more. Some cars are bad news for dealers so they will always give less than book - conversely some are good news so they might even pay into book.

jack_spratt_2

As Lemonade Pockets has said its what someone is willing to pay !!!

The bottom line is the cost to change !! depending on the type of dealer you are dealing with some will not even take the trade in on and sell it on there forecourt but will just pass it on in the trade to a car trader .
Go round a few dealers and see what offers you get !! the difficult thing is the dealer may be using some of his profit in the car you are buying to increase the trade in allowance and that is what you have got to find out

If you look at what what the car would sell for in an auction that would be a good indication of its true value

If you go to the Vauxhall site and look at value my car its gives Glasses guide valuation I have my doubts on how accurate this is

Hope my ramble makes sense

Pssst

You'd be better off selling privately. The dealer needs to do something with your old car. He needs to either put it on his forecourt or if it isnt the sort of thing he would sell,move it on to another lower graqde dealer or auction or even scrap it.

Either way,he will only do the deal that suits him.

He may conjure up an illusion of a good deal.

Remember-he is the man with the experience,not you.