mel

ive just been offered £3500 as a part exchange price for my car, its done 50000 miles, with full service history.

Parkers quoted about 4K part exchange price up to 4500 for a decent version and about 5000 franchised dealer.

The saleman explained to me that parkers always quote higher prices and that he was using a trade guide, i'm not sure i believe him though because i'm quite friendly with my local peugeot garage and they gave me a much higher quote (it was a bit ago though so i just wanted to check my facts)

does this sound right?

Dracoro

He's under no obligation to give you any price other than what he wants to pay for it. He wants £3,500. You want more then you'll have to go elsewhere unless he's prepared to negotiate. Why not sell privately, you'll gain at least £1000 on any p/ex deal. Remember, the guides are just that, a guide, not a true valuation. They are also unavoidably out of date. e.g. last month they were trading in at £4k, this month £3.5 etc. which will be reflected in the next edition of the guides.

kammy

simply do not part exchange it. Sell it via private sale and you will achieve its true market value. Also the Xmas period is a killer for selling cars.
All the best.

Andy M3

I hope to trade my car in next time - it is soooooo much easier. It may cost you to get rid through the trade, but it makes life easier and that is what you are paying for.

GC8

CAP and Glass's both quote differing prices; most people aren't aware that CAP Black Book and Parker's prce guide were (for years) published by the same company. As a result of this Parkers prices were always within £25 (on the trade-in and delaer prices) of CAPs. Traders usually deride Parkers prices but they used to be very accurate.... Still; look through www.autorader.co.uk and read the trader's adverts and form your own opinion about the intelect of most..........


Simon

Richard_P

The Peugout garage will give better prices, they will try sell the car for more and they are getting repeat business.

Parkers online quotes 4k and thats with 30k miles. I would say the garage doesn't really fancy it. I've heard worse quotes, you need to consider the overall deal you are getting on the next car.


Doesn't sound too out of line.

abbiesdad

its not just about what you get offered for your car.... its cost to change and what you want to pay extra...also on an 02 your car has a higher than average milage ... did you use the guide to knock off this from the price.. it makes a lot of difference to the price in the guide.. try it ...it may be closer than you think.. if you go on autotrader for whats it worth... your car with 30000 miles books at £5000 trade but with the 50000of yours it books at £3800... not far off.. and not many dealers are going up to book price esp at this time of year..

JamesVTS

106gti are fairly cheep nowadays tho, sayin that my m8 recently brought an 02 plate one, 6400!

slim_boy_fat

If i was you i would bite his hand off for £3,500. You aint gona get much more than that even in the summer let alone 2 weeks before Christmas!!!!

I am surprised he offered over £3k. He must want your business.

paulwrxboro

GLASS'S GUIDE says 02 41000 miles trade £4350 retail £5350

darryl90

wanna buy a reg for it y106cnp?

mel

thanks for your replies, got a few different views there and you have certainly given me something to think about!

cheers

turboman786

you have pm.

simo

glasses quote to following;

Vehicle details Valuation details
Make Peugeot Excellent condition £4180
Model 106 Average condition £3770
Variant 3 door Hatchback Manual
Below average condition
£3330
Engine 1.6 Petrol Retail £5350
Trim GTi Cost new £11615
Year/Plate 2002 52
Mileage 50,000

or this for a 2002 51

Make Peugeot Excellent condition £3820
Model 106 Average condition £3430
Variant 3 door Hatchback Manual
Below average condition
£3020
Engine 1.6 Petrol Retail £4980
Trim GTi Cost new £11615
Year/Plate 2002 51
Mileage 50,000

hth Simon

Jamo

iTrader: (23)

CAP quote your car as £3300 plus £150 for the year, so £3450.

thats for a CAP "Clean Car"

hth

Jamo

FletchCSL

at 3.5 bite his hand off!

The Zohan

Does any really expect a good deal when they trade in a car unless it is agianst something of hig value with a huge differential in costs.

The deal will aim to get if for trade or less even if Parkers figures are higher it still does not mean the car will be easy to shift on or a newr model may be due for immentant release.

It is not just the punter that wants a deal.

I would never expect to get close to a vehicles value at trade in and would always opt to sell privately.

EVOLUTION

i could get rid of that for 4k by the time wendesday comes around

look on places like 106 rallye register, its not a rallye, but full of enthusiasts, SSC.co.uk or .com, again, loads of enthusiasts


i wouldnt take anything less than 4.5k for that, if you email pics and a full spec of the car, i will see what i can do. jx@newcombe.org


cheers

John

EP82

Evolution are you a miracle worker with any type of car?

Trying to get rid of a celica atm

abbiesdad

all being said is correct to some digree .... but ignoring all that the cheapest 02 for sale on autotrader is £5500 ... so only one real answer sell it yourself ... if you sell it for £4500 your a grand up .... cant loose really

rr_ww

You're just like the bloke further down the page with the Ka. You want a certain amount of money on PX, and when you don't get offered it, you are affronted.

Get over it, the Trade pay Trade prices. You dont have to accept it, you could even haggle. But if you REALLY want the other car, bite your lip and say OK. Or walk out and sell the car yourself.

Smiler

Last time I bought a car I was offered £1K under book price as a trade in.

I queried this and we had quite a detailed discussion about book prices. The bottom line was that book prices, I was told, were always over.

I paused for a minute and told him that I now understood how the book price worked and he was now happy..... until I queried why the car he wanted to sell me was £1.5K over book......

imlach

What do some of you think car dealerships are? Charities?

Business is business. Buy low, sell high. Buy as low as you think you can get away with. Sell as high as you think you can get away with. There are no other rules.

Dealers know the "issues" people have in selling cars privately.....but they know some people hate the process so much that they'll take a lower trade-in price. Plus, there's a glut of 2nd hand cars. Why would a dealer risk paying top trade price for a car that may be difficult to move on quickly, and that may sit on a forecourt until March/April, when it would be worth hundreds less.

If YOU were the dealer and it was YOUR business, what would YOU do?