Car Swap

forgotmyname

Sure you have your prices correct? Private sale £7.5k but part ex £11.5k ?

If they were correct everyone would be buying them from private sales and flogging them to dealers.

Part ex prices are usually less than private sale prices. Why would anyone sell one privately if a dealer
offers more?

£13k finance on a car thats worth £7.5k must hurt.

fiscalfool

Yup Parkers gives you different figures, in full here we are:

Original Price : £41,015
Franchise Dealer : £14,751
Independent : £14,141
Private Good : £13,121
Private Poor : £7,345
Part Exchange : £11,791

Obviously this is all based upon the condition of the car. But that is up to date with all the added extras on the vehicle and it's current mileage.

All but the bottom one are prices on average you would have to pay to get one ... the bottom is a rough figure to show what you might expect via Part-Ex.

WeBuyAnyCar ... just quoted £6060 ...but that will be absolute bottom end, similar to that via auction.

I might pop into the dealership, tell them I'm getting a company car and see what they would offer me. Otherwise, I might look to swap into something much more economical.

JQ.

Sell it privately for £13,000 and pay the loan off in full. Even if you only get £12k privately for it you'll still be miles better off than going to a dealer, who realising your position will probably do a deal at £10,500.

I believe if selling privately you can arrange for the buyer to pay off the finance directly - so that they know they have a clean car. As obviously the HPI check will show oustanding finance. You'll just have to be upfront with any potential buyers. It may my put some people off, but some are quite happy to deal in thsi way.

Scuttsy

May not be that easy to sell privately for £13,000 great in theory but ther aren't a huge amount of people queing up to buy "gas guzzlers" at the moment, for the very reasons you want to sell the car.

As your loan is a personal loan though it is not in any way linked to the car so you don't even have to mention it to any dealers it has no bearing on you changing the car. Just go into a dealer for whatever car you like and negiotiate a deal. Trust me when I say the motor trade is Very quiet at the moment and you should be able to get a decent discount or part ex offer from any dealer.

What type of car is the notorious gas guzzler anyway?

fiscalfool

I'd love to sell it for £13k, or even £12k but I don't realistically think it's going to happen.

The next best option is to chop it in for whomever gives me the best price for it.

It's a Saab 9-5 2.3T Aero HOT Auto 260bhp. Nice big estate car, great fun to drive ... but press the right pedal and watch the fuel gauge go downwards. Currently doing about 25 mpg, so even swapped for a diesel doing 50mpg, I'd be saving about half my fuel costs, much less tax, etc.

Before now, when I'd VT'd cars I've walked into a dealership and said "Right I want to do a deal, you're not going to make much money out of it ... BUT you will get a sale". Admittedly I didn't have a car to Part-Ex at that point. But I'm hoping the same is still true, that at times they would rather see a sale on paper than make a huge profit.

Scuttsy

fiscalfool wrote: »

Before now, when I'd VT'd cars QUOTE]

I guess that's why they'll only offer you a personal loan now not HP a possible lesson in VT'ing a car once to many times?

fiscalfool

Scuttsy wrote: »

fiscalfool wrote: »

Before now, when I'd VT'd cars

I guess that's why they'll only offer you a personal loan now not HP a possible lesson in VT'ing a car once to many times?

Nah ... they say that VT'ing affects your credit rating, but I haven't seen any evidence to say that it does. I know a few of us whom have done it 5 or 6 times with no problem. One chap kept having Black Horse going back for repeat business. They try to scare you off doing it, as it costs the industry millions ... but it's still legal to do so. Shame my current one isn't HP really.

By the time I got the last one, my finances were already going downhill.

natlol

I have not got much to add but I am only getting 26MPG out of my 306 Automatic at the moment so I dont consider your MPG to be too bad. Do you still need an Auto. The VW Passat is a nice Derv Auto - if you try one make sure you try the traditional one with the torque convertor as it is a lovely drive with out the expensive problems of the clutchless manual.

Good luck with whatever you do

fiscalfool wrote: »

I'd love to sell it for £13k, or even £12k but I don't realistically think it's going to happen.

The next best option is to chop it in for whomever gives me the best price for it.

It's a Saab 9-5 2.3T Aero HOT Auto 260bhp. Nice big estate car, great fun to drive ... but press the right pedal and watch the fuel gauge go downwards. Currently doing about 25 mpg, so even swapped for a diesel doing 50mpg, I'd be saving about half my fuel costs, much less tax, etc.

Before now, when I'd VT'd cars I've walked into a dealership and said "Right I want to do a deal, you're not going to make much money out of it ... BUT you will get a sale". Admittedly I didn't have a car to Part-Ex at that point. But I'm hoping the same is still true, that at times they would rather see a sale on paper than make a huge profit.

forgotmyname

25MPG thats not bad, I filled up sunday night and drove across town in rush hour this morning 29mpg.
From a mondeo diesel.

I couldnt do that everyday.


Either way you go about it you will be paying £13k finance on a car thats worth about half as much. Finding a dealer
that has a car that you want and for you to not give him any money, Possible even for him to pay you maybe a long
process. Use more fuel than savings in tax on the new car?

Depends how low you want to go when trading the car in as well i guess.
Small I10, Aygo, C1 etc or something mid/high range?