TurboKitty

Out of interest, what was the mileage 12 months ago?

[Edited by TurboKitty - 8/1/2003 2:37:24 PM]

Phil Hammond

I am currently looking at selling my RB5 (WR upgrade, 1 owner, T reg, 25k miles). After looking in the classified sections of this forum and others, plus Autotrader, I came to the conclusion that my car is probably worth between £14k and £15k.

Based on this information I started to look at what new car I could afford. I then get to the point where I am ready to do a deal only to find out that the garage would only offer £9k for my car!

Now OK that was the dealer’s first offer, but after speaking to a Subaru dealer it would seem that he his not far off!

Am I right or wrong?

Has anybody, particularly RB5 owners, actually managed to sell their car at the price advertised on here or in Autotrader?

I see there are a number of cars still 'for sale' and that most of the classified adds are getting very few responses.

Your thoughts, particularly in light of the article today that suggests 2nd hand prices have dropped by 10%!

JimmyRB5PRO

Phil, I understand your problem, and if I was honest yours is lower mileage than most, I have had several dealers wanting mine and quite a few tyre kickers, have been offered somewhere close to what I advertised it, but as you say you look at what else I around for the same money = 0. My local dealer offered me something very low and said his usual prep for a turbo was £1500, new tyres, pads etc, and then said he would sell it for £14,995 their was a difference of what he offered me of about £2,000-£2,500K , when I questioned it he said , we have to make profit ! At this point I laughed at him and walked out! Stick at it and it will sell, I know of other that have at about £13.5K with 40k on the clock!!
Not that this helps much , and a bttt.....

Wurzel

iTrader: (1)

BMWhere sold his RB5 last month for 13K so I would haggle if I were you.

glen4

Don't know about RB5's prices, but I sold my unmarked 00MY turbo, 16000 miles with a few mods air con, 17" wheels, decat, prodrive spoiler for £12000 a few months ago. have just picked up a 5 door 00MY turbo, 31000 miles, superb condition, air con, gauge pack, tracker for £9500. Not really a lot of differance in the cars conditions. These are the hard facts, whether people are selling at the higher prices I can't be sure. If I was buying I would haggle like hell knowing full well there's not a buyer round every corner like there was a few years ago.

eclipse

i'll give you 11k for your car

spanner75

was offered £13k for a MY02 wrx on a 52 plate with 10,000 miles on it and it is mint inside and out was not very happy phoned around and got offered £14.5k but that to me is still low, when the car i want to buy is the same age ,miles ect just a wagon and they want £16k .
bloody car dealers for you max profit min outlay

Viper61

Just paid under ten grand for a MY00 4 door with a/c & FSSH with 20k on the clock in mint cond, 20% lower than Parkers priced it at!

V Happy!!!!

TON3

Advice, dont sell 2 a dealer there ******* i used 2 work in the trade i should know, they will always offer u ****e money.

A mate of mine was offered 17500 for his sti7, they then put it on the forecourt for 21000!

pilkster

Different areas of Great Britain, different prices, ive worked all over GB over the years and evrywhere is different. I find the best way is to buy the autotrader over a number of consecutive weeks and get the average price, or for a price on what the trade will give you look at the 'Glasses guide' that always seems pretty accurate. At the end of the day it all comes down too condition, service history, mileage etc when sellin private. 'You pays your money you takes your chance!!'

Viper61

bttt

ScoobyWon't

Take the money and run!

RB5 means nothing to a dealer, as far as s/he's concerned it's just a UK Turbo. And he'd offer you a mx of £9.5K only if it is immaculate. If you offered it to me (as a private sale) or the dealers (as a trade sale) I know, you'd get a max bid of £9k.

tuffer

Spanner said "was offered £13k for a MY02 wrx on a 52 plate with 10,000 miles on it and it is mint inside and out was not very happy phoned around and got offered £14.5k but that to me is still low"

Who offered you that? I would happily let mine go for £14.5k at the moment. MY02 on a 52, not even a year old, black, ex condition and 13.5k miles...............anyone? Oh yeah UK car with no mods.

TurboKitty

With respect, that's *****.

9k for an RB5 with mileage that low is a joke, as is 11k. You can do a lot better. The market's slow but there's no need to give the car away.

stephen emery

expectations seem a bit high here 11k at top. IMHO

Steve

ScoobyWon't

It's the same with modifications, they don't add value as far as traders are concerned.

If you look in the Glasses Guide then you will see that the special editions are included but only the Cost New and what model it is based on. it ius valued the same a sthe original MY. I can scan some Glasses Guides in an email them to you if you want TK.

As you like evidence to back up arguments/facts.

And don't try and hit me with your wodden spoon

Phil Hammond

There is no way I will sell if it is only worth £9k!

£9k equates to around 22%pa depreciation.
The report this month by the A&L/What Car only puts the depreciation figure for an average car at 15%pa.


Parkers guide puts the value of my car at £11.5k trade and £13.5k for Private A1 condition car (not taking into account WR upgrade).

So £14.5k would sound about right?
but I'm not so sure any longer...


Edited to say...
If £11k is about the right price then, looking at the classifieds, there are a lot of hopeful guys out there!

[Edited by Phil Hammond - 7/31/2003 10:40:18 PM]

ScoobyWon't

If a car that is 1 years old is only being valued at £13k it's unlikely that a 3-4 year old car will be worth more.

DARREN

I just sold an STi2 for £9300 on a 1996 N plate....Private


This RB5 is worth far more!!!!!!!!!!!!!!!!!!!!!!!

Darren

specialx

WOW thats £2400 more than we paid for our STI2! ours is on a N aswell what was the mileage Darren??

TurboKitty

SW, limited editions cost more when new and dealers still sell them for quite some margin over and above the cost of a standard UK Turbo, so of course private sales are going to be more too.

There is one RB5 on the subaru site at the moment. It's the standard version and has done, I think, 27k miles. It's up for £14995. Now tell me dealers regard them the same as UK Turbos.

TurboKitty

Yes, but I'd suggest that rather than 14k being over-priced for the RB5, 13k for the MY02 was a stupidly low offer.

There are other factors to consider though. For example, the bugeye is a less popular shape than the classic. A lot of people just don't like them.

Anyway SW, when did you become an expert in the Scoob market? Do you even actually know the differences between an RB5 and a UK Turbo? Or are you just bored and trying to wind people up again? Do us a favour and go back to sharking.

sooby

Don't know if any of you have come across this:

http://news.bbc.co.uk/1/hi/business/3107957.stm

ScoobyWon't

Well, I've been following it sice I was 17 which is almost 8 years now. My uncle had a fair sized dealership so I've been educated by him, my brother (who you know) is also in the trade and specialises in 4x4 and sports & performance - also a good source of info, I know at least 6 other traders who specialise in luxury and sports & performance vehicles plus I have a contact at a Subaru dealership who always provides a second valuation and inspection. I'll ask him to value yours if you want, TK.

The contact at the Subaru dealership valued this 98R Terzo advertised on scoobynet as "R reg (98) tax and mot. fsh. 50,300miles. number 149 of 333. hpi clear. cat 1 alarm and tracker. air con. leather interior. terzo 3 mats. quick shift. high rear spoiler. front lip spoiler. white front and side indicators. 17" oz superleggeras. uprated 4 pots with discs and pads. k&N 57i induction air filter. magnex back box. excellent reg plate. well looked after. excellent condition." for £5500.(Thread here) So there's an example of a special edition not being worth anymore than a UK Turbo.

I do now the difference between an RB5 and a UK Turbo too I even know the difference between an RB5 and the RB5 WR Sport

When did you become a car trader, TK?

Ok, I will. Dealers regard them the same as UK Turbos.

I'll have to finish this discussion with you on Monday as I'm off to see the bait now.

I'll get soemone to arrange a valuation on your car from your advert and also get a scan of the Glasses Guide as I promised (it'll be an older one as it isn't supposed to be for public viewing).

ozzy

Whe it comes to buying your car Dealers will treat the RB5 as any UK classic Turbo. However, when they're trying to sell the RB5 they'll either price it slightly higher coz it's a special or at least find it easier to sell because of this.

I was offered £10K for my RB5 and I don't expect anymore because it happens to be an RB5. Manufacturers expect us to pay more for slightly tarted up special editions yet don't expect to pay more when it comes to the Dealers buying the things back from us.

2nd-hand prices are just **** full stop. So Subaru have RB5's on their forecourts for £15K, but who actually buys the cars at these prices.

I've spoken to people here at work and they're argument is why should I pay £15 for a 3-4yr old car when I can buy a new car (with almost identical performance) for the same money. It's new and I get a 3yr warranty ?????????

Yes, you could argue new prices are too low, but that's the situation as it stands today and there's sod all any of us can do about it

I've seen loads of cars on here and most of them are full of BTTT's. That tells you something; either no-ones in the market OR the asking price is simply too unrealistic. I'd bet money it's that later and a drop in price would guarantee a sale.

Stefan

TurboKitty

Valuation of my car from the advert?! Right, and how's anyone going to be able to assess the condition that way?

TurboKitty

That's at least partly to do with the fact that the for sale forum moves so fast that an ad can be on page 4 within 10 minutes!

ozzy

TK, condition doesn't matter one single bit unless the price is attractive.

If I was a buyer and had 6 potential RB's I'd probably ignore the expensive, the cheap and the high milers straight off.

Your car maybe in fantastic A1 condition, but I only have your word on the ad. What I need as a buyer is some other attraction that will make me get off my @rse and have a look.

Afterall no buyer wants to pay top dollar for any car, regardless of the condition. What they want is a bargain and you have to convince them they are.

It's a buyers market right now and people are probably prepared to wait weeks to see if someone's car sells or not. If it doesn't I'm sure they'll speculate that the asking price will come down.

Stefan

ozzy

TK,

Yes that's is true about the For Sale forum. It's a poor design. What you need is static pages for cars and not letting them get lost in amongst all the other cr@p - like I've got a wheel nut for sale

Stefan

TurboKitty

ozzy, my point was that my car might be in bad condition and not worth list price. IMO, it's not possible to value a car from an advert as SW suggests. If I was to 'phone a dealership now and ask them to value my car, I'm pretty sure they'd say they could give me a rough guide price range, but would need to see it before giving an actual value.