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Trade in plus cash - Any bargaining power?

  • 16-04-2015 10:26pm
    #1
    VeryRapidSkoda
    Registered Users, Registered Users 2 Posts: 100 ✭✭


    I am on the look out for a car and will have cash (about 15k) and trade in about 4k (good condition but will need nct this year). What kind of bargaining power would I have with that?

    I know cash only would be the best option but I dont have time to sell it on privately. So would I actually be able to bargain for a 20k car with the above for example or what would the max discount I could expect.

    I dont mind haggling but I rather have a bit of a realistic target to aim for if possible. I hope some of you can give me an idea please.

    Thanks.


Comments

  • #2
    bazz26
    Registered Users, Registered Users 2 Posts: 51,363 ✭✭✭✭bazz26


    Your trade-in is a disadvantage to your bargaining power rather than the lump sum in cash being an advantage. Financing the rest of the money is probably more beneficial too as dealers earn commission from the banks for introducing new business

    The important figure when having a trade-in is not the value of your trade-in but rather the cost to change price. Dealers can fudge trade-in figures to look very generous while adding it back onto the price of the newer car. All this of course will depend on the car you currently have, how much the dealer thinks he can sell it on for and how much the newer car owes the dealer.


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