P/X against 2 vehicles

ztan

Simple question really, but how likely is it that a car dealer will do a P/X on a £2-£2,500 car against 2 smaller cars at a lesser value?

My OH needs to sell his car, but it needs some TLC, and will cost him more than he thinks is worth the effort to get ready for a private sale- I also need a car of my own now, so we're considering P/X his car at a garage for 2 smaller, run abouts worth between £600-£1000 each.

Do people think this is a likely deal to make?

vaio

i'd guess the dealer will go for it if there is profit in it for him

ztan

This was my thinking as well vaio. My OH's car could easily sell for nearer £3k if it had a little bit of attention, so I'm hoping we'll get an offer of around £2200 for it, buy two cheapo cars and walk away with a little spare cash to put in the mortgage savings.

Quentin

Sounds a little hopeful!

You can't compare the "selling" price of your car once it's fixed up to the price a dealer will offer you. The dealer would either have to spend money on it and want to then sell it for a profit, or just auction it (ie realise its lowest value).

blue_haddock

Its very doubtful you'll get such a deal, if you dont think its worth doing the work to get it up to scratch neither will a dealer. If the car is worth £3k in good nick then yes maybe your one is worth £2.2k but as a PX you'd be lucky to be offered £1.5k

And as for having a bit of cash left over from the deal to put away you have even less chance!