Part Exchanging a car - getting a fair price

loofer

burgewhit wrote: »

...
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....

Hopefully I've misunderstood you so apologies in advance...

When it says 'Trade' for each advert in AutoTrader, then it means that it's a trader that is selling it rather than a private seller. It says private for those private sellers. It is not the Trade-in/ PX value of the car.

So if you are seeing £700 more, then that includes a premium/mark-up of what a private seller would sell for. Then even less for p/x

E.g Car selling in AT for £2500 by traders/garages. Private sellers on AT are selling for £2000. Glass/Parkers/What car value the part ex value of your car at around £1500. There's a 'percieved' discrepancy of £1000

The numbers (above) aren't important, just the principle.

Sidmon

What make and model is it to give us a better idea.

Hintza

Sidmon wrote: »

What make and model is it to give us a better idea.

Not convinced that information would really help. What we do know for sure just now is that car prices are all over the place and trying to get two folk to agree on what is a reasonable price is extremely hard.

The problem with saying they are all going for £2,500 - £3,000 on Autotrader (for example) just shows what folk are advertising them far. It doesn't really give us the information on eventual sale price.

Ebay does at least give you an inkling of what for are getting and for the more common cars this should be a fairish reflection. Using more traditional routes such as Autotrader or local papermight squeeze a little more out of slightly less clued up buyers but who knows?

All i know is I am probably going to end up having to sell the MIL's car on Ebay and it's filling me with dread!

nomoneytoday

What Car and Parkers are guides, they price up cars, not physically sell them

Sidmon

Hintza wrote: »

Not convinced that information would really help. What we do know for sure just now is that car prices are all over the place and trying to get two folk to agree on what is a reasonable price is extremely hard.

The problem with saying they are all going for £2,500 - £3,000 on Autotrader (for example) just shows what folk are advertising them far. It doesn't really give us the information on eventual sale price.

Ebay does at least give you an inkling of what for are getting and for the more common cars this should be a fairish reflection. Using more traditional routes such as Autotrader or local papermight squeeze a little more out of slightly less clued up buyers but who knows?

All i know is I am probably going to end up having to sell the MIL's car on Ebay and it's filling me with dread!

Of course it would as we could then be able to give out honest opinions on whether the price he/she is receiving is fair, and what to do to possibly increase the price!

Scuttsy

As a note I think it is well known that dealers are struggling at the moment. The company I am working for is looking to make 45 redundancies shortly. Car dealers need to sell cars, to do this they need to be competitive. Most dealers will look (all be it with a little negiotition) to sell a car and give as much as possible for a part exchange, whilst obviously trying to make some profit as without that we shut the doors and close up.

I suspect the price you are being offered is a fair market value. By all means go back and negiotiate though as dealers need to sell cars now more than ever....

harveybobbles

to the OP:

Please remember that Parkers Guide, WhatCar Guide, Glasses guide etc all have one thing in common: They're all GUIDES. nothing more, nothing less.

hundredk

jack_spratt wrote: »

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

Do you have link to this?

jack_spratt_2

hundredk wrote: »

Do you have link to this?

http://www.vauxhall.com/vaux/pages/financeAndServices/valueYourCar/index.jsp

sheslookinhot

Sidmon wrote: »

Of course it would as we could then be able to give out honest opinions on whether the price he/she is receiving is fair, and what to do to possibly increase the price!

How would you determine what is a fair price ?