Part exchanging a car...

Kilty_2

Fairly simple process - but what if the car has issues the dealer hasn't found when assessing the value and is due to give you cash back for most of it's value after the sale is completed?

Not big issues but issues nonetheless.

Can they revise the value or is it set in stone once everything's signed and sealed?

colino

Its their job to assess cars, but will factor in a budget to right any wrongs. Surprised your trading to a dealer, you always get more selling privately, so be careful if you are being untruthful on your description of your car. The dealer is just as entitled to tear up the deal as you would be if its not kosher.

Kilty_2

It's a 2.0 petrol large French hatch, not exactly flying off the forecourts never mind private sales.

There's nothing seriously wrong with it, tailgate struts are knackered though which they'll find pretty quickly

Flyboy152

It very much depends on what the terms and conditions of sale are. If the terms include "subject to detailed inspection," they might have the right to adjust their price downwards. It is, however, your responsibility to maintain the car in the condition it was last inspected and valued. If you take it back to the dealer with a dent and a scratch on it, or it has been run with no oil during the time it was last seen, for example (even if any parts have worn since then, such as, if the alternator goes, or the water pump fails), they will definitely take the value of the repairs off the agreed price. Be careful also, as most dealers will also have taken into account the amount of any unused RFL, when they value a part-exchange, unless this has been expressly agreed not to, when the pert-exchange was valued.

harveybobbles

We always put "Valuation subject to inspection".

Which means there is something horrendously wrong with it we can drop our valuation.

However, we generlly find/spot most things in the first instance anyway.

One guy who said he'd serviced the car himself when bright red and fumbled around in the drivers footwell when I asked of he could open the bonnet for me on his Focus...

Kilty_2

Thanks guys, I know what the job costs if they decide to get funny about it anyway.

As for the RFL thing the guy entered "£0.00" as the RFL cost on their system (it would normally deduct the pro-rata refund)

@harveybobbles :rotfl:

harveybobbles

Are you sure the £0.00 vasnt the value of your PX? Cos it IS a FRENCH petrol laguna... :P

Inactive

harveybobbles wrote: »

Are you sure the £0.00 vasnt the value of your PX? Cos it IS a FRENCH petrol laguna... :P

:rotfl::rotfl::D

Kilty_2

:rotfl::rotfl::rotfl::T

Actually got a reasonable price for it but then I am buying a Kia :eek: