Used cars soar in price

hoodie6029

FYP
http://m.independent.ie/lifestyle/motoring/price-of-used-cars-soars-2k-because-of-supply-shortage-30323467.html

Supergurrier

Yea

MugMugs

hoodie6029 wrote: »

FYP
http://m.independent.ie/lifestyle/motoring/price-of-used-cars-soars-2k-because-of-supply-shortage-30323467.html

Any thoughts yourself OP?

It was inevitable really.

"Must be post 08 reg for cheap TAX" still exists.

I fear that most of the population would favour a rusty, knackered diesel smoker over a mint petrol motor for "cheap tax"

Eric Cartman

Well even some luxobarges are going up in price as the supply gets constrained .

However this mostly applies to post 08 diesels and 1 litre hatchbacks so for car enthusiasts without taxdiskphobia or tractorlust its still a very cheap marketplace

Cleveland Hot Pocket

It's been the way for quite a while now - small engined diesel cars (<2.0) and post '08 cheap tax diesels or small petrols are commanding quite the premium.

However as Eric Cartman says, for those of us not afraid of a tax disc, nicer cars are available at a steal of a bargain.

hoodie6029

.
Double post

hoodie6029

Apologies for the crap opening post, I'm on the phone.
The price soar might be exaggerated but they are certainly holding their value. I sold a 2000 Yaris two years ago and i'd have to pay the same today for the same car.
Exotic, petrol or high tax cars are going for a song, being exported or crushed.
I think with rocketing rents, health insurance etc. everyone wants a cheap car but are paying a premium for it.

cabb8ge

I see 2007 2.0D4D Corolla in Toyota garage yesterday, asking €9950 :eek:

the.red.baron

hoodie6029 wrote: »

Apologies for the crap opening post, I'm on the phone.
The price soar might be exaggerated but they are certainly holding their value. I sold a 2000 Yaris two years ago and i'd have to pay the same today for the same car.
Exotic, petrol or high tax cars are going for a song, being exported or crushed.
I think with rents eyc

A 2000 yaris is a poor example surely, if you had a 2000 yaris today and 1998 yaris with similar mileage and condition the asking price is going to be the same

colm_mcm

the.red.baron wrote: »

A 2000 yaris is a poor example surely, if you had a 2000 yaris today and 1998 yaris with similar mileage and condition the asking price is going to be the same

I'd pay extra for a 98 Yaris

RainyDay

Cleveland Hot Pocket wrote: »

It's been the way for quite a while now - small engined diesel cars (<2.0) and post '08 cheap tax diesels or small petrols are commanding quite the premium.

Any current views on 2/hand prices, or specifically on room for negotiating on asking prices for cars in the €15k-€18k range? I see some cars listed with both a cash price and a trade-in price, so I'm wondering how to negotiate with a trade-in. It's hard to work out a value on my trade-in, as it is a 2001 and a bit of a niche model, so not many others on the market to compare against.

How far is the dealer going to come down from his first offer on the net price after trade-in? I do see quite a few cars for sale, including a few with nice low mileage, so I probably have a few options - but I don't really want to spend ages looking.

All suggestions welcome...

alias no.9

colm_mcm wrote: »

I'd pay extra for a 98 Yaris

Launched in 99?

deco nate

alias no.9 wrote: »

Launched in 99?

That's the joke!

alias no.9

RainyDay wrote: »

Any current views on 2/hand prices, or specifically on room for negotiating on asking prices for cars in the €15k-€18k range? I see some cars listed with both a cash price and a trade-in price, so I'm wondering how to negotiate with a trade-in. It's hard to work out a value on my trade-in, as it is a 2001 and a bit of a niche model, so not many others on the market to compare against.

How far is the dealer going to come down from his first offer on the net price after trade-in? I do see quite a few cars for sale, including a few with nice low mileage, so I probably have a few options - but I don't really want to spend ages looking.

All suggestions welcome...

Reality is that no dealer wants an 01 reg car, not snobbery on my part saying this, I happily trundle about in my 01 Volvo. You clearly see value in your current car that a dealer just won't. You need to either find someone who shares in your appreciation and sell it privately and buy a new motor without a trade-in or else keep the car and keep your money. I'd go with the latter.

RainyDay

alias no.9 wrote: »

Reality is that no dealer wants an 01 reg car, not snobbery on my part saying this, I happily trundle about in my 01 Volvo. You clearly see value in your current car that a dealer just won't. You need to either find someone who shares in your appreciation and sell it privately and buy a new motor without a trade-in or else keep the car and keep your money. I'd go with the latter.

I'm tempted, but at 3.0l petrol, it is killing me on tax, fuel and maintenance costs. Reliability is an issue too, and I'm not handy with cars myself, so I'm running back and forward to my mechanic. I've done the sums, and I'll save money over 3 years with the upgrade.

My heart would love to keep the 01D, but my wallet has overruled. I'll look into selling privately, but I'm also tempted to do the quick swap. So my question is about haggle-room on quoted prices - what allowance for haggling has the dealer built into his price?

Cleveland Hot Pocket

3.0 petrol?
Whats the car

Special Circumstances

Whatcha buying? You could come up the years, get a reliable well specced petrol between 2-2.5 for handy money and still reduce your tax and fuel bills. Sounds like you are willing to look outside the common makes/models/engine sizes. Couldn't quantify it, but you could definitely haggle hard on a car like that.

If you want a diesel then not a lot of haggling to be done, depending on the individual dealers.

Tldr - it depends.

RainyDay

Special Circumstances wrote: »

Whatcha buying? You could come up the years, get a reliable well specced petrol between 2-2.5 for handy money and still reduce your tax and fuel bills. Sounds like you are willing to look outside the common makes/models/engine sizes. Couldn't quantify it, but you could definitely haggle hard on a car like that.

If you want a diesel then not a lot of haggling to be done, depending on the individual dealers.

Tldr - it depends.

I'm looking at something like this;

http://finglas.mongeyplunkettmotors.ie/used-cars/Audi/A4/2.0-TDI/94414140797531340/

They quote a 'straight price' and a retail price on the ad. I presume the retail price kicks in if I have a trade in?

Is that diesels are more popular, and the dealer will have a choice of buyers?

Del2005

RainyDay wrote: »

I'm tempted, but at 3.0l petrol, it is killing me on tax, fuel and maintenance costs. Reliability is an issue too, and I'm not handy with cars myself, so I'm running back and forward to my mechanic. I've done the sums, and I'll save money over 3 years with the upgrade.

My heart would love to keep the 01D, but my wallet has overruled. I'll look into selling privately, but I'm also tempted to do the quick swap. So my question is about haggle-room on quoted prices - what allowance for haggling has the dealer built into his price?

A dealer is going to offer sod all for a 3l 13 year old petrol when trading in and I wouldn't be surprised if some even refuse to consider it, as it'll cost them money to get rid of with the current Irish fear of the tax on petrol.

Cleveland Hot Pocket

Del2005 wrote: »

A dealer is going to offer sod all for a 3l 13 year old petrol when trading in and I wouldn't be surprised if some even refuse to consider it, as it'll cost them money to get rid of with the current Irish fear of the tax on petrol.

Cleveland Hot Pocket wrote: »

3.0 petrol?
Whats the car

I'm sure you'll find a buyer for it

RainyDay

Del2005 wrote: »

A dealer is going to offer sod all for a 3l 13 year old petrol when trading in and I wouldn't be surprised if some even refuse to consider it, as it'll cost them money to get rid of with the current Irish fear of the tax on petrol.

Yeah, that's what I was expecting - so I was pleasantly surprised when he starting talking about €1400 as a trade-in. I'm wondering if he has built a good margin into the pricing to cover this.

All insights welcome...

mickdw

RainyDay wrote: »

Yeah, that's what I was expecting - so I was pleasantly surprised when he starting talking about €1400 as a trade-in. I'm wondering if he has built a good margin into the pricing to cover this.

All insights welcome...

What was the difference between straight price and retail price at dealer?

Cleveland Hot Pocket

RainyDay wrote: »

Yeah, that's what I was expecting - so I was pleasantly surprised when he starting talking about €1400 as a trade-in. I'm wondering if he has built a good margin into the pricing to cover this.

All insights welcome...

Usually they build in margins for "cash discounts" or for "trade in values"
Look at the cost to change rather than just the values on paper.

CHeers for the pm I'm sure that if you did decide to sell privately you'd get a bit more than 1400 , as you say it's a niche market.

Cleveland Hot Pocket

mickdw wrote: »

What was the difference between straight price and retail price at dealer?

Cash price versus non-straight deal price.

chrysagon

Accord diesels from 09 up very hard to locate, especially befor 11reg

RainyDay

mickdw wrote: »

What was the difference between straight price and retail price at dealer?

About €500, in this example;

http://finglas.mongeyplunkettmotors.ie/used-cars/Audi/A4/2.0-TDI/94414140797531340/

bazz26

That's pretty strong money for a nearly 6 year old base model A4.

les succulent ducks

I'm in the market for an Opel Mokka for about €15,000....

RainyDay

bazz26 wrote: »

That's pretty strong money for a nearly 6 year old base model A4.

Yeah, that's the nub of my question really - what price would they be likely to let it go for. Any ideas?

Mr Detail

I have a bloody 09 diesel focus for sale for 3 months up at 8200 and haven't had a phone call. Must not be that short of supply lol

Nono Toure

I wish my Mondeo would soar in price!! Nobody will take it off me and she's clean and has 9 months NCT. But it's a 2005 petrol 1.8.

quadrifoglio verde

RainyDay wrote: »

I'm tempted, but at 3.0l petrol, it is killing me on tax, fuel and maintenance costs. Reliability is an issue too, and I'm not handy with cars myself, so I'm running back and forward to my mechanic. I've done the sums, and I'll save money over 3 years with the upgrade.

My heart would love to keep the 01D, but my wallet has overruled. I'll look into selling privately, but I'm also tempted to do the quick swap. So my question is about haggle-room on quoted prices - what allowance for haggling has the dealer built into his price?

Do tell more, might know a few who are interested

galwaytt

RainyDay wrote: »

I'm tempted, but at 3.0l petrol, it is killing me on tax, fuel and maintenance costs. Reliability is an issue too, and I'm not handy with cars myself, so I'm running back and forward to my mechanic. I've done the sums, and I'll save money over 3 years with the upgrade.

My heart would love to keep the 01D, but my wallet has overruled. I'll look into selling privately, but I'm also tempted to do the quick swap. So my question is about haggle-room on quoted prices - what allowance for haggling has the dealer built into his price?

Sounds like tax is the least of your issues. ..

The Letheram

Nono Toure wrote: »

I wish my Mondeo would soar in price!! Nobody will take it off me and she's clean and has 9 months NCT. But it's a 2005 petrol 1.8.

Great username

Cleveland Hot Pocket

Mr Detail wrote: »

I have a bloody 09 diesel focus for sale for 3 months up at 8200 and haven't had a phone call. Must not be that short of supply lol

or its overpriced

Mr Detail

Cleveland Hot Pocket wrote: »

or its overpriced

Considering spec and the price others are actually selling for I don't think that asking price is too high.

galwaytt

Mr Detail wrote: »

Considering spec and the price others are actually selling for I don't think that asking price is too high.

....think about it: if it's advertised for 3 months in a market short of cars - what reason other than price is keeping it unsold ??

[edit] there are 18 cars in that bracket below 8k on Carzone, including from dealers - so they'd have a margin to haggle, plus a warranty to offer. You have to be considerably below those to be competitive. Unless of course the car is truly fantastic/special - but I'd have to see the ad to know. [/edit]

Cleveland Hot Pocket

Mr Detail wrote: »

Considering spec and the price others are actually selling for I don't think that asking price is too high.

I can see your point but if car not sold in 3 months market tell you it too high price

MuppetCheck

Assuming this is it with the winter detail bit mentioned?

http://cars.donedeal.ie/view/7684414

Mr Detail

Cleveland Hot Pocket wrote: »

I can see your point but if car not sold in 3 months market tell you it too high price

Absolutely I mean I totally understand that, it's just I have seen cars sell and I do mean sell not an asking price for 4/500 more and mine is only an asking price.

Alanstrainor

Mr Detail wrote: »

Absolutely I mean I totally understand that, it's just I have seen cars sell and I do mean sell not an asking price for 4/500 more and mine is only an asking price.

Reduce by 400 hundred and see what happens. Wasting time, and the car is devaluing by just keeping it up on donedeal.

Mr Detail

MuppetCheck wrote: »

Assuming this is it with the winter detail bit mentioned?



Yup. The thing killing me is it was up for 8800 a few months back but developed a power steering fault, I had a deal done with a buyer but I was to get fault repaired. Dealer I bought it from covered it but took 2 weeks to sort it so I lost the sale.

ironclaw

Any car I ever see, I assume the seller is going to knock between 5 to 10% off the asking price. If you want to sell in this market then you'd want to be willing negotiate. Unlike the UK or similar where the spec greatly differs, its Copy & Paste with most 'normal' cars here, so its a buyers market for the average Joe.

And I completely agree with the large engine debate, there are some great cars and great fun to be had with €5k, and that would cover the tax. You can pick up a V6 3.2L for sub €4k now.

Mr Detail

Alanstrainor wrote: »

Reduce by 400 hundred and see what happens. Wasting time, and the car is devaluing by just keeping it up on donedeal.

Ya I can reduce it alright, just not sure I'll bother. The car is driven everyday and I just wanted a change so it's probably silly to throw away money on a daily because I'm bored with it.

ironclaw

Mr Detail wrote: »

Ya I can reduce it alright, just not sure I'll bother. The car is driven everyday and I just wanted a change so it's probably silly to throw away money on a daily because I'm bored with it.

Well, no matter what you are throwing away money. It just depends on how much cash you want to get out of it and how you want to go about it. Depreciation will wipe out the money you will drop to sell it now. So its either sell it now and take the depreciation hit in one go, or sell in 6 months. You never win on a car sale. The value is decided by you and you alone.

Mr Detail

Yup I know well, the joys. Although I am used to selling cars for more than I pay. So that's probably my issue.

Sorry for the hijack OP

RainyDay

ironclaw wrote: »

Any car I ever see, I assume the seller is going to knock between 5 to 10% off the asking price. If you want to sell in this market then you'd want to be willing negotiate. Unlike the UK or similar where the spec greatly differs, its Copy & Paste with most 'normal' cars here, so its a buyers market for the average Joe.

Thanks - that is useful input. Now to get more specific, is the asking price what they call the 'retail price' or the 'straight price' in this example?

http://finglas.mongeyplunkettmotors.ie/used-cars/Audi/A4/2.0-TDI/94414140797531340/

ironclaw

RainyDay wrote: »

Thanks - that is useful input. Now to get more specific, is the asking price what they call the 'retail price' or the 'straight price' in this example?

http://finglas.mongeyplunkettmotors.ie/used-cars/Audi/A4/2.0-TDI/94414140797531340/

The price depends on how good your negotiation skills are and what you bring to the table. Bring something rare or easy to sell into a trade in, then your singing. Bring a V6 3.0L from 2006, and you'll be a bad position. Likewise, if you are trying to sell a big petrol at the moment, you are not in a strong position as everyone wants a diesel so be prepared to take a significant hit on the market.

At the end of the day, the seller and buyer have an idea of what the car is worth. The final price is whoever manages to convince the other that theirs is the correct price. Many people in Ireland have the 'I'll go somewhere else' or 'walk away' close tactic as a buyer. Doesn't work if you are buying a 1.6 Corolla. They sell them all day long. You need to adapt to the market and the sale, a trait very few Irish consumers possess.