Part Exchange Value?

Cardinal-Red

Going looking for a car tomorrow, using my current car as a part exchange.

Used Parkers to get some prices, and they have given a P/Ex value of £2,995.

This is below the price offered by webuyanycar.com (who I'd have assumed would offer low prices) and also below the prices for Private Good, Independent and Franchised Dealers.

Is this normal?

harveybobbles

erm, what car is it?

Cardinal-Red

It's a Peugeot 307, X-Line model.

I wasn't querying the figures themselves, merely the theory that a P/Ex value would be so low compared to sale prices.

MX5huggy

Some dealers inflate the Px value to make the customer feel good, giving smaller discount on the new car. All that matters is price to change.

milliemonster

I have no personal experience of webuyanycar.com but certainly some of the things I have read on this forum are that they give you a great offer online, then when you meet up with them for them to visually value your car, they knock that price right down below what its really worth, it would be worth you taking a look around this site for other forum members experience of them

frankie

Try this site:

http://www.vauxhall.co.uk/vaux/pages/global/valueMyCar/valueMyCarPopup.jsp

plane_boy2000

yes there will be a difference between part x and sale prices. Its called the dealers profit!

You also have to allow that the dealer will have to fix any faults, vallet, possible new MOT poss service, knock back a bit by haggling etc before he sells that car so the margin is probably not as big as you think

paulofessex

Interesting article in todays Mirror, albeit no suprise really

Webuyanycar Mirror Article

Dick_Van_Dyke

paulofessex wrote: »

Interesting article in todays Mirror, albeit no suprise really

Webuyanycar Mirror Article

Interesting in what way?

They are a business out to make a profit.
If your buying a car and it doesnt have keys, FSH or have worn tyres, chips etc you pay less. Why would webuyanycar be any different.

Also from their average £590 offer below book value you have to include all costs therefore the profit margin on each car isnt exactly massive.

Overall it just convinced me that webuyanycar get a bad press from peoplee who seem to think there charity out there who want to have a warehouse of negative equity cars

cyclonebri1

!!!!!!_Van_Dyke wrote: »

Interesting in what way?

They are a business out to make a profit.
If your buying a car and it doesnt have keys, FSH or have worn tyres, chips etc you pay less. Why would webuyanycar be any different.

Also from their average £590 offer below book value you have to include all costs therefore the profit margin on each car isnt exactly massive.

Overall it just convinced me that webuyanycar get a bad press from peoplee who seem to think there charity out there who want to have a warehouse of negative equity cars

Well it actually convinced me otherwise, I'd buy anycar for a 20 to 40% mark up,

Ibuyanycar.gob, (for 1p),

1jim

!!!!!!_Van_Dyke wrote: »

Interesting in what way?

They are a business out to make a profit.

Overall it just convinced me that webuyanycar get a bad press from peoplee who seem to think there charity out there who want to have a warehouse of negative equity cars

I agree, they are a business, they should be able to make profit....what they should not be able to do is offer a certain amount for your car just to get you in to the centre but have no intention of offering you the amount they said. Deception comes to mind!
If the car owner has been honest about the car and its condition then the offer on the website should be binding and any change in offer should be fully justified