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Disparity in Trade In Value

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  • 07-02-2012 12:13am
    #1
    pmjackson
    Registered Users Posts: 2 ✭


    I am currently thinking about trading in my 2009 bike against a new one (I don't want to be more specific so as to avoid offending any of the dealers I have been in touch with). I have been offered a trade in value of 5000 against one bike (same brand as my current one) and 4200 against a bike from a different manufacturer (I have a preference for this one). Is this difference justified by the fact that the guy offering 4200 will be passing my trade-in onto another shop. I talked to an independent dealer and he indicated he would be offering somewhere between 4500 and 4800 for my bike if I was buying from him. I had pushed the guy offering 4200 but he wasn't budging. Does he have room to move based on the figures above? Any views welcome. Thanks.


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    #2
    rock22
    Registered Users Posts: 1,564 ✭✭✭rock22


    pmjackson wrote: »
    I have been offered a trade in value of 5000 against one bike (same brand as my current one) and 4200 against a bike from a different manufacturer ... an independent dealer .. offering.. between 4500 and 4800

    I think you need to look at the cost to you of the new bike rather than the trade in price in isolation. What really matter s is what you will pay for your new bike.

    Some dealers will offer a better trade in price against ful retail price while another might offer a lower trade in price against a discounted price. If both bikes are equivalent in value then the amount you are paying to change bikes is the only relevant figure to worry about.


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    #3
    Owen
    Registered Users Posts: 12,683 ✭✭✭✭Owen


    If you're only looking at trade in price, youre going to be screwed over in the deal. Some manufacturers have huge discounts meaning that if 2 companies are selling a bike for 16k, one might be able to sell the bike without a trade in for 15.5k, and the other for 13k. So if you buy the second bike, they'll be able to make your trade in look much more attractive by using a portion of their discount. And people fall for it every day.


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