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Selling used car to dealer - tactics to get best price?

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Comments

  • Ok, back to we buy any car (who are just dealers behind a fancy ad) and a dealer. The threads complaining about them are because they're a national company and a lot of people have been upset by them.
    An independent dealer will be the same way with you.
    You just want rid, go to them. They will give you what a dealer will. Because they're dealers too.

    And Parkers mention a trade-in price ( dealers ignore parkers anyway) thats the price that you would look at.
  • britbat
    britbat Posts: 28 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Just thought I'd give you all an update on this.


    Cleaned the car up, took it to the auction a week or so ago. Set the reserve at just over the average of the three trade-in prices given on the CAP valuation.


    It went for exactly the reserve, after commission it will get me almost the exact average of the CAP trade-in prices.


    So, local auction worked nicely for me and while I could maybe have got a bit more privately, that was by no means guaranteed - and would definitely have been more work than a trip to the carwash, interior vacuuming, and a quick drive round to the auction. And the difference was only about £150 anyway.
  • emmell
    emmell Posts: 1,228 Forumite
    Well done, but I wouldn't normally tell a private seller to go to auction because the costs eat up any profit, the trade get discounts (depending on how many cars they put through a week. Most of the trade don't pay entry fees and there will not be a limit on how many times the vehicle is entered (unless the reserve is set at an unrealistic price).
    The only time I would tell a private seller to use auction is if the car has unseen problems that is going to cost a fortune to put right.
    But I don't suppose that applied to you, did it?
    ML.
    He who has four and spends five, needs neither purse nor pocket
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