A daft question just crossed my mind

wazza99
wazza99 Posts: 370 Forumite
First Anniversary First Post Combo Breaker
edited 19 May 2017 at 3:25PM in Motoring
So if you have a car say worth £25000 and you go to p/ex and downsize, lets say wanted to buy a Peugeot for £10000, would any garage entertain such a deal ??? in terms of giving cash back ?

I know you could sell the expensive car 1st but that could be a big hassle.

I ask as i thought of doing such.....i have a PUG worth about £10k if i was to trade it in against a Land Rover which costs £29k, fair enough i give the garage £20k.......but what if in a year or two i wanted to downscale ?
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Comments

  • agrinnall
    agrinnall Posts: 23,344 Forumite
    First Post Combo Breaker
    Yes, but don't expect to get a great deal. I'm probably the only person in the world that has ever traded in a Porsche Boxster for a Fiat Panda - the dealer wrote me a cheque of around £11,000 for the difference.
  • lincroft1710
    lincroft1710 Posts: 17,612 Forumite
    Photogenic Name Dropper First Anniversary First Post
    Often used to see car dealers' ads with phrases like "P/X with cash either way"
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
  • EdGasketTheSecond
    EdGasketTheSecond Posts: 2,558 Forumite
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    Round my neck of the woods there are plenty of 'Motors bought for cash' premises so they will pay you money even if you aren't buying anything ....if the deal is right.
  • motorguy
    motorguy Posts: 22,473 Forumite
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    wazza99 wrote: »
    So if you have a car say worth £25000 and you go to p/ex and downsize, lets say wanted to buy a Peugeot for £10000, would any garage entertain such a deal ??? in terms of giving cash back ?

    I know you could sell the expensive car 1st but that could be a big hassle.

    I ask as i thought of doing such.....i have a PUG worth about £10k if i was to trade it in against a Land Rover which costs £29k, fair enough i give the garage £20k.......but what if in a year or two i wanted to downscale ?

    Very common

    BUT - to get the best hope of a good deal you need to be looking at a dealership that stocks both the quality of car you're looking to downsize to AND the quality of car you're trading in.

    For example, if you went back to your Peugeot dealers with a £29K Land Rover they'd trade it on rather than retail it.

    Under such circumstances, you'd be better trying round your local "specialists" who would retail that sort of car and go to a dealer for a straight sale deal on what you're buying.

    PS - if you think theres ANY chance you'll want back out of the proposed Land Rover deal in a year or two DONT DO IT. You will take a severe hit on the value of it. I'd say an easy £10,000 bath....
  • wazza99
    wazza99 Posts: 370 Forumite
    First Anniversary First Post Combo Breaker
    Thanks for the replies, the only reason i'd go back is the Land Rover at £29k would be ofc a used one and they only come with a 2 year warranty. I don't think i dare own one out of warranty !
  • deaston
    deaston Posts: 477 Forumite
    edited 20 May 2017 at 5:03PM
    Ignore me - posted in the wrong place.
  • Richard53
    Richard53 Posts: 3,173 Forumite
    First Anniversary Name Dropper Photogenic First Post
    In an emergency or if desperate, consider doing this. If you're doing it to save money, think again. I inherited my Dad's Volvo 360 when he died, and planned to sell my little Renault 5. The Volvo was pretty hopeless (heavy, no PAS, hard work on the twisty lanes where I lived) so I decided to sell to a dealer. I was innocent in those days and got completely rinsed on the deal. Never again, unless I had no alternative.
    If someone is nice to you but rude to the waiter, they are not a nice person.
  • Dr_Crypto
    Dr_Crypto Posts: 1,211 Forumite
    First Anniversary First Post Name Dropper
    I inherited a Jag and so sold my (2 year old) Audi. Got a much better price for the Audi selling it to a local dealer who sold "prestige" bands than the likes of WBAC or a main dealer. A few second hand places said the Audi was too expensive for them so it took a little phoning around to get the right place.

    Likely I could have got a better price privately but I really wasn't going to be bothered with that - tyre kickers etc.
  • ARandomMiser
    ARandomMiser Posts: 1,756 Forumite
    I have recently traded my old car in against a new contract hire and the dealership gave me a very fair price (significantly more than webuyanycar.com).
    IITYYHTBMAD
  • parking_question_chap
    parking_question_chap Posts: 2,694 Forumite
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    wazza99 wrote: »
    Thanks for the replies, the only reason i'd go back is the Land Rover at £29k would be ofc a used one and they only come with a 2 year warranty. I don't think i dare own one out of warranty !

    Are they really that unreliable?
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