How Much Was Your Old Car Sold For

Big Nasty

Right so, you traded in your old motor against a new or newer or more expensive car, or even traded down, whatever. Thing is the trade in value of your car (not the cost to change, how much you were told you were being given against the next one) is X and then you see the dealer, or another dealer he has sold on the car to is now selling for Y.

What % in the difference did you see? Never mind admin costs or any of that jazz, you were given €4k off whatever and it's now on sale for €8k for example, so the mark up on the car you traded in was 100%.

What was yours?

bazz26

Thing is though that a car on sale for €8k might not actually have sold for €8k.

I traded my old car and was allowed €8,500 for it, I seen it a couple of days later with a sticker price of €10,500. Now I don't know how much they actually got for it but there is no way that the garage got €10,500 as that would have made it the most expensive car of its type and year. You also have to take into account that someone might have traded their old car in against it so the cycle continues. And that doesn't even take into account the cost of servicing, valating and giving a warranty.

So it is pretty much impossible to calculate how much the final figure was.

Big Nasty

Maybe I should change the title bazz. I'm not interested in the final selling price as 99.9% of us would have no idea how much it finally went for. I did try and weed out all the holes in the OP but I think you get the point now. In your case the mark up was 23.5%. That's all I wanted to know!

ChristyCent

3500 last year for my 01 micra. Was bought for 5000 3 years previous

I seen it in a petrol station a few weeks ago and wanted to ask how much the chap bought it for but didnt want to come across as a freak lol

Senna

Given 4500 for the missus's Yellow 2000 WV Beetle 2.0 petrol back in March, Seen it in the garage for 5500 a few weeks later after a respray and new NCT.

It was still for sale a few weeks ago and i'm guessing they'd take anything at this stage:D What a heap of crap it was.

robtri

last car I sold for €0 and was broken for parts by the salvage yard....so very hard to tell on that one

snowman707

bazz26 wrote: »

Thing is though that a car on sale for €8k might not actually have sold for €8k.

I traded my old car and was allowed €8,500 for it, I seen it a couple of days later with a sticker price of €10,500. Now I don't know how much they actually got for it but there is no way that the garage got €10,500 as that would have made it the most expensive car of its type and year. You also have to take into account that someone might have traded their old car in against it so the cycle continues. And that doesn't even take into account the cost of servicing, valating and giving a warranty.

So it is pretty much impossible to calculate how much the final figure
was.

you are forgetting something here, if you bought your new car in a straight deal you would bought it for much less, in reality you were allowed much less than €8.5K

Anan1

MCMLXXV wrote: »

Right so, you traded in your old motor against a new or newer or more expensive car, or even traded down, whatever. Thing is the trade in value of your car (not the cost to change, how much you were told you were being given against the next one) is X and then you see the dealer, or another dealer he has sold on the car to is now selling for Y.

What % in the difference did you see? Never mind admin costs or any of that jazz, you were given €4k off whatever and it's now on sale for €8k for example, so the mark up on the car you traded in was 100%.

What was yours?

It really doesn't make any difference, as the trade-in value for your old car was a purely notional figure. Let's imagine two garages have identical Golfs, both bought for the same price, one selling for €16k, one for €14k. The garage with the more expensive Golf will give me €6k for my Polo, the other garage will only give me €4k. In reality, both garages have done exactly the same deal - €10k plus the Polo for the Golf. If both sell the Polo for the same figure then both make the same net profit, regardless of the fact that one gave €4k for the Polo and the other gave €6k.

cabrwab

Bought01 corrolla off my sister in06 for 4000 traded it in a year later for 4500.
Best deal i ever made!
Saw it being sold on carzone for 4750few months after and seemed to sell at that!

Reliable but what an awful car.