Trading in a banger

InchicoreDude · 03-09-2011 12:37pm #1

My old car is really ready for the scrap yard. It is 11 years old (Almost 12 actually), and 180000 miles on it. But car dealers seem willing to accept it as a trade-in for a value of about €200.

How would they possible make a profit on that?

TestTransmission · 03-09-2011 12:40pm

Sell it privately if I was you,what's the car?

daingeanrob · 03-09-2011 12:42pm

as scrap it could well be worth €200, €100 per tonne was last i was quoted a while ago and scrap has gone through the roof...

InchicoreDude · 03-09-2011 12:43pm

Its a lanos.

But would I get more privately? To be honest, I thought it was worthless and am surprised it is even being accepted as a tradein.

TestTransmission · 03-09-2011 12:46pm

InchicoreDude wrote: »

Its a lanos.

But would I get more privately? To be honest, I thought it was worthless and am surprised it is even being accepted as a tradein.

Well,looks like people selling them obviously think they're worth something.
Does it have NCT/tax?Is it in pretty bad nick?

http://www.donedeal.ie/find/all/for-sale/Ireland/2000%20lanos

mickdw · 03-09-2011 12:47pm

The car dealers can give you 200 for your car in the following circumstances:

1/ There is some cash added on to the price of the car you are buying to enable them to offer this trade in value. This would mean that there is bargaining room should you be buying straight off them

2/ They figure they will get something back on your car in scrap value from recyclers.

I guess a combination of both of the above is the answer

Anan1 · 03-09-2011 2:10pm

TestTransmission wrote: »

Well,looks like people selling them obviously think they're worth something.
Does it have NCT/tax?Is it in pretty bad nick?

Not necessarily. When I sold cars, the way I valued sh1tboxes was 'available cash discount on new car + what i'll get from the trade for the old car.' Unless the cash discount on the car the OP is looking at is less than €200, they're giving him nothing for his trade in. If the available discount is over €200 then they're actually charging him to take it.

bazz26 · 03-09-2011 2:43pm

The dealer is giving you €200 for it because giving you €200 for your old car works out better for the dealer than giving you a cash discount off the price of the new car if you had no trade-in.

Though if someone is contemplating trading a car with such a low value then chances are they probably are not aware of negotiating a straight deal discount will benfit them more.

TestTransmission · 03-09-2011 2:45pm

Anan1 wrote: »

Not necessarily. When I sold cars, the way I valued sh1tboxes was 'available cash discount on new car + what i'll get from the trade for the old car.' Unless the cash discount on the car the OP is looking at is less than €200, they're giving him nothing for his trade in. If the available discount is over €200 then they're actually charging him to take it.

I don't get what ya mean in regards to my post.My point is he'd be better off to sell privately and then do a straight deal with the garage.

Anan1 · 03-09-2011 3:03pm

TestTransmission wrote: »

I don't get what ya mean in regards to my post.My point is he'd be better off to sell privately and then do a straight deal with the garage.

Sorry, I misread your post - thought you were saying that the garage thought they were worth something. +1 on selling privately.

L-M · 03-09-2011 6:20pm

TestTransmission wrote: »

I don't get what ya mean in regards to my post.My point is he'd be better off to sell privately and then do a straight deal with the garage.

At this stage probably not, if they went back after selling privately they'd probably only give 200 of knowing the OP wants the car!

Trading in a banger

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