Getting a valuation from the dealer

Alanp

hi folks, sons gf will be changing her car soon, she has a Hyundai i10, which is a 66 plate, she wants a newer, later model one from a 23 plate onwards , she’s on about going to the local Hyundai dealer, ( where she bought it from and will be buying her new one from them if she can find what she needs), she needs to find out what the car is worth in px so she knows how much she needs to buy her replacement, I’m wondering if this is a good idea , although I’ve told her not to give any indication of her budget and to search online for valuations to at least give her an idea, I suppose it will depend on how much the new car is for the dealer to offer her a valuation, I think she’ll need at least 12k or so to buy newer, should I tell her not to bother going and to take an average of the valuation online and then go and look at the dealer stock, ( I will be going with her when she does decide).

Car_54

The last couple of times I've traded in, the dealers told me what the WBAC figure was (I already knew!), and their starting point was a few £100s over that.

I'd suggest she simply takes what WBAC say as her budget figure: it can ony get better.

Grumpy_chap

https://forums.moneysavingexpert.com/discussion/6654455/getting-a-valuation-from-the-dealer

No one is going to give her £12k for her 66 plate i10!

Alanp

https://forums.moneysavingexpert.com/discussion/comment/81875853#Comment_81875853

lol, I mean I think her replacement is going to be at least 12k

paul_c123

hpivaluations.com

Bigwheels1111

Get a new one for £15,000.

https://www.autotrader.co.uk/car-search?channel=cars&make=Hyundai&model=i10&postcode=s402qq&sort=price-asc&year-from=new

Alanp

https://forums.moneysavingexpert.com/discussion/comment/81876146#Comment_81876146

yes I know they are around that figure but she’s not getting it on pcp or lease instead paying cash and she’s borrowing some from her dad, hence needing to know what she’ll get for her old car..

Grumpy_chap

https://forums.moneysavingexpert.com/discussion/comment/81876258#Comment_81876258

Can she take the PCP to secure the discount and then settle the finance early with the cash she has?

daveyjp

With a 66 reg, so 9 years old, it comes down to whether the main delaer will want to add it to stock, or whether it will end up in auction.

If there are 66 reg i10s at main dealers what are they priced at?

Otherwise if its going to auction check WBAC. There is also a private sale, i10s are popular as first cars and with takeaway delivery drivers so if you can get the word out that it's for sale.

Alanp

I’ll ask if she’s willing to go down the pay off the finance route, I think the car isn’t good enough for dealer stock so it would probably be shipped off to the auction, I’d describe it in fair condition, a few advisories from the last mot, I’m not happy regarding selling privately, yes I know she’d get a better price, but I don’t want to be back on here with another “ sold camper van, buyer wants money back “ topic..

Goudy

Her car will have a trade price, that is pretty easy to find out through the likes of WBAC, Motorway. Carwow and the likes. They all have valuation tools on their sites.

The problem will be she might not reach that as the cash deal for the new(er) car doesn't have a lot going for it for selling dealer.

I know it sounds strange, but a car to a dealer is a "vehicle" to add products like finance, extended warranties, GAP etc to. To a dealer, cash sales aren't their favourite method of selling a car.

There have been suggestions of taking out finance and cancelling or settling early in the contract to achieve better deals, but what you really need to concentrate on is the "Cost to Change".

You need to consider all things like full warranty, servicing, parts and MOT's, but you/she could be near the cross over point where a new car (with a discount) is better value than a three year old used car.

On another note, if she is buying used from dealer. Make sure the car still qualifies for it's full warranty.

Hyundai's have 5 year manufacturers warranty, but if it's not been serviced to their spec then it's a minimum used car warranty.

These cars will usually be sold under some sort of approved used scheme from a Hyundai dealer.

From a non franchised dealer and it's anyone's guess but it's will probably be just bare minimum used car warranty.

Following on from that, the Kia Picanto is basically the same car as the i10 but comes with a 7 year warranty.

If it's the used route a three year old used Picanto just might be worth a look in as well as it might have another 4 years warranty rather than just 2 years.