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Trading in my brand new Clio after its about 1 year old

  • 06-05-2015 10:19pm
    #1
    Closed Accounts Posts: 328 ✭✭


    Hi,

    I bought a brand new 151 Clio Dynamique back in January. Had planned on keeping it for maybe 3 years and then moving onto my dream car once I'd saved up enough. Now I'm pretty happy with the Clio but since buying it I've gotten bad dream-car-itis, especially since I've learned a bit more about cars and realized that if you shop around there is some good value out there.

    What I'm wondering is how much do you think I'd get for my Clio trading her in? I'm estimating that she might be worth 14k trade in next January if I only have 12 thousand km's on the clock and I'm buying a brand new car? Am I deluding myself?

    Alternatively if I was to go for a second hand car how much would I get for my Clio approximately? I presume in this case I'd get even less for my own car? Or would it be about the same?

    So I'm thinking of possibly moving onto either a:
    - Honda Civic Si 1.6L Diesel (brand new) which is about the 28K mark
    - Kia C'eed Pro 1.6L Diesel (2-3) year old which is about the 17K mark
    - Volkswagon Scirocco 2L Diesel(either brand new or 5/6 years old)

    Others I'd possibly consider at the right price and colour are:
    - Renault Captur
    - Honda CRZ

    Thanks in advance!


Comments

  • Closed Accounts Posts: 5,042 ✭✭✭Bpmull


    Is the clio petrol or diesel what spec I'm not sure how much they are new but you will certainly be loosing a few thousand euro trading it now. I mean the best option would be to keep the clio for at least a year or two and get some money's worth out of it. However if you want to change and can afford to then go for it just wouldn't make a whole lot of financial sense.

    Anyway based on the cars above you would probably get the highest trade in value in a renault garage trading it for a capture. But Id ring a few of the relevant dealers get prices and take it from there.


  • Closed Accounts Posts: 328 ✭✭Justin1982


    Yeah sorry its a 1.2 petrol. Paid 15K for it having traded in my 03 Mazda 6 for about EUR 2,600. On paper the car's retail for about EUR 17K. I see them advertized for about 18,900 on carzone.ie

    Obviously I don't want to loose too much money but the ball is in my court I would have hoped seen as I can hold onto it for a few years. Bit of luck I'll have lost all interest in cars by next January.

    I was looking at 09 Volkswagon Scirocco's for about EUR 15,000 with not much milage on them and I would have thought I'd get a few years out of one of them without breaking the bank maintenance wise. So what I'm wondering is if I was trading in my Clio for an older Scirocco which is not far off the same value would a dealer be less inclined to do a deal or would they expect a large discount compared to what a Renault dealer might offer if I was upgrading to a new Megane or Captur?


  • Registered Users, Registered Users 2 Posts: 51,411 ✭✭✭✭bazz26


    You will take a fair hit in depreciation on such a new car.

    Below is a 151 demo model asking just over €14500 now so it's very unlikely you will get €14k for yours next January.

    http://www.driving.ie/used-cars/Renault/Clio/1.2-DYNAMIQUE/32013547194472920/

    To give yourself an idea of what yours will be worth next year then you need to look at the prices of 2013 models now. Here is one asking €13k:
    http://www.driving.ie/used-cars/Renault/Clio/DYNAMIQUE-1.2/56614038573302230/

    Now the dealer will have to buy yours alot lower than that price in order to resell it, put a warranty on it and make a profit on it.


  • Registered Users, Registered Users 2 Posts: 13,445 ✭✭✭✭flazio


    Just to check, are you paying off any finance for that car that would scupper the new owner should you miss a payment?

    This too shall pass.



  • Registered Users, Registered Users 2 Posts: 85,046 ✭✭✭✭Atlantic Dawn
    GDY151


    If it's €15k for a new one you would be lucky to get €12k as a trade in.


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  • Registered Users, Registered Users 2 Posts: 51,411 ✭✭✭✭bazz26


    You will never get the true market value of your car by trading down to an older car. Garages are in business to make money and will still want to make a profit when trading against an older car even if on paper both cars have the same market value.


  • Closed Accounts Posts: 328 ✭✭Justin1982


    If it's €15k for a new one you would be lucky to get €12k as a trade in.

    So you are expecting about a 20% spread, about 3K, for trade if I was looking to move from 141 car to similar spec 151 car? Thats what I'd be expecting alright. I went into Renault garage today and although they didnt want to give me a quote they agreed that they'd be offering me about 14k for my own car as a trade in next January but then again if I was getting a new Captur or a Megane GT then I can be guaranteed they'd be charging me the full advertized whack for whatever I looked at and wouldnt be taking anything off it.

    Doubt they'd be offering me 14k if it was a new demo model which was advertized at bargain basement price obviously so it probably works both ways.

    What I'm more worried about is going to a dealer in January and knowing I'm paying the full advertized whack for a Honda, as in much more than the cost advertized on the main car line website, and getting offered something bad for my Clio like 11K or 12K. Even 13K I could live with.


  • Closed Accounts Posts: 5,042 ✭✭✭Bpmull


    Unfortunately this is the way it works you either trade a car against the new one and pay full retail or you buy a car straight with no trade in and get discount you can't have it both ways that's just the way it is. I mean if you want the new car go for it you only live once and all that but there is no point trying to justify it financially as the most cost effective option will always be to keep the clio which is basically a brand new car anyway.


  • Closed Accounts Posts: 328 ✭✭Justin1982


    Bpmull wrote: »
    Unfortunately this is the way it works you either trade a car against the new one and pay full retail or you buy a car straight with no trade in and get discount you can't have it both ways that's just the way it is. I mean if you want the new car go for it you only live once and all that but there is no point trying to justify it financially as the most cost effective option will always be to keep the clio which is basically a brand new car anyway.

    Learning as I go. Thanks!


  • Site Banned Posts: 118 ✭✭browniepoints


    @ Justin1982

    the higher the value car you go to buy the less you loose on the 1 year old clio

    the car you said
    - Honda Civic Si 1.6L Diesel (brand new) which is about the 28K mark

    You could get failry good trade in on that combo

    The dealers like people who trade in fairly new cars for brand new cars and go up a few notches they tend to get reasonable trade in

    Hard to beat the Honda

    I would haggle now hard as possible and get it over with if your not doing credit line .

    With credit lines your often better off to wait the three years and then trade up

    Quality mid range cars like Honda tend to hold their value better over three years than the smaller cars like Clio .

    Life is short so your call

    jed


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  • Registered Users, Registered Users 2 Posts: 1,094 ✭✭✭househero


    Justin1982 wrote: »
    So you are expecting about a 20% spread, about 3K, for trade if I was looking to move from 141 car to similar spec 151 car? Thats what I'd be expecting alright. I went into Renault garage today and although they didnt want to give me a quote they agreed that they'd be offering me about 14k for my own car as a trade in next January but then again if I was getting a new Captur or a Megane GT then I can be guaranteed they'd be charging me the full advertized whack for whatever I looked at and wouldnt be taking anything off it.

    Doubt they'd be offering me 14k if it was a new demo model which was advertized at bargain basement price obviously so it probably works both ways.

    What I'm more worried about is going to a dealer in January and knowing I'm paying the full advertized whack for a Honda, as in much more than the cost advertized on the main car line website, and getting offered something bad for my Clio like 11K or 12K. Even 13K I could live with.

    They are laughing their ass off at you. Google car post purchase dissonance.

    You will be offered 11k in January. They are under no obligation to give you the 14k they hypothetically told you it would be worth.

    Stop wasting everyone's time and drive the car you thought was right for you, just a few months ago. Or go ahead and throw your money away for your indecisiveness.

    I expect your next thread will be asking how you go about test driving a Ferrari.


  • Banned (with Prison Access) Posts: 560 ✭✭✭Flood


    €9k will be where its at.


  • Closed Accounts Posts: 5,793 ✭✭✭Red Kev


    househero wrote: »
    They are laughing their ass off at you. Google car post purchase dissonance.

    You will be offered 11k in January. They are under no obligation to give you the 14k they hypothetically told you it would be worth.

    Stop wasting everyone's time and drive the car you thought was right for you, just a few months ago. Or go ahead and throw your money away for your indecisiveness.

    I expect your next thread will be asking how you go about test driving a Ferrari.


    Jayzus relax. The poster is just looking for advice, that's one of the reasons why the forum is here.

    You're not under any obligation to read the thread and you're not obliged to reply either.


  • Registered Users, Registered Users 2 Posts: 51,411 ✭✭✭✭bazz26


    househero wrote: »
    They are laughing their ass off at you. Google car post purchase dissonance.

    You will be offered 11k in January. They are under no obligation to give you the 14k they hypothetically told you it would be worth.

    Stop wasting everyone's time and drive the car you thought was right for you, just a few months ago. Or go ahead and throw your money away for your indecisiveness.

    I expect your next thread will be asking how you go about test driving a Ferrari.

    Who pi$$ed in your cornflakes?

    OP is entitled to change cars as often as he likes and spend his money how he wants.


  • Registered Users, Registered Users 2 Posts: 7,516 ✭✭✭Outkast_IRE


    Recently bought a 141 Dynamique in mint condition with 25000kms on the clock.

    Got it for just over €13000 from a main renault dealer. So obviously they would offer the original owner less than that.


  • Registered Users, Registered Users 2 Posts: 1,094 ✭✭✭househero


    Red Kev wrote: »
    Jayzus relax. The poster is just looking for advice, that's one of the reasons why the forum is here.

    And that is what I gave. You are free to disagree with it.

    I would bet my own car that he won't trade in his car in January because of the terrible trade in he will get for it. And only a few months ago, the Clio was the right car for him.

    Unless you are a car dealer. You have no motivation to convince him otherwise.

    After buying a car, people look for reassurance that they bought the right car. Renault and citroen don't advertise to reduce post purchase dissonance, like Audi BMW fiat ford kia and mazda. And as a result they have unhappy unsure confused customers.

    Still, they do promote to over the hill women...

    Renault... Drive the change (menopause)

    Hahahahahaha

    I wouldn't buy a Renault. They are a good car, the Clio is great, comfortable, safe and reliable. But grannies buy them. Just like Hondas and Toyotas.


  • Registered Users, Registered Users 2 Posts: 1,094 ✭✭✭househero


    Recently bought a 141 Dynamique in mint condition with 25000kms on the clock.

    Got it for just over €13000 from a main renault dealer. So obviously they would offer the original owner less than that.

    Yup. Less than €10k

    You have to have a knock to the head to trade in so soon after buying. Even if you have spare cash, its just throwing it away.


  • Registered Users, Registered Users 2 Posts: 7,516 ✭✭✭Outkast_IRE


    househero wrote: »

    I wouldn't buy a Renault. They are a good car, the Clio is great, comfortable, safe and reliable. But grannies buy them. Just like Hondas and Toyotas.

    To be fair i think Renault are on a current winner with the Clio and the Captur

    I was in the carpark of a large multinational company recently, must be 400+ cars, with a lot of people who change every few years all would be on good money. There seems to be a good proportion of them after going for the Clio and the Captur in the last few years.

    Renault have got the clio styling right, its an attractive car, especially the dynamique versions and up. Captur styling is similar.

    Definetly a lot of younger people buying the current generation cars, in comparison to the last version of the clio etc.


  • Site Banned Posts: 118 ✭✭browniepoints


    I am not a fan of Renault but Clio seems is the good one of the pack .Mate of mine got 450,000 miles from his all the family drives it so it clocks up the m iles .All he done is consumable one clutch at 150k ,brakes tyres wheel bearing oil changes nothing major .

    However if the OP is young got the money to blow and he wants to up the anti and prefers to take the hit you only live once so might as well switch if he isnt happy .

    Yeah the Honda isn't a big jump from Clio is compared to a jump up to BMW or Merc is
    However I personally would rather drive a Honda than Clio .

    The car market was made for people who would frequently switch cars in less than years use .My dad always bought car that were from these people one year old often low milage and then drove them into the ground often 200,000 miles or more .
    Everybody to their own thing I spend heaps of money on travel costs in ten year old bangers to go places and others spend heaps of money on low mileage with in style with new cars .

    When I was younger and the credit card was better I would change cars or motorbikes frequently every 9 months or one year mostly three year old cars for two year old cars as that was all I could afford . No forums in those days it was chat with the lads in the pub get rat ar$ed then make drunken executive decision the car goes Monday .Then change car Monday to get rid of the shopping therapy problem that was itching me

    You only live once .

    Jed


  • Registered Users, Registered Users 2 Posts: 17,101 ✭✭✭✭AMKC
    Ms


    If you do decide to change you should consider the new Fiat 500X. Has been getting very good reviews is very good looking and is nicer inside than a Capture or a Juke. Its the same size as them by the way. It should hold its value well too as its a 500 anbd there will be a big demand for them no doubt.


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  • Moderators, Business & Finance Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 51,690 Mod ✭✭✭✭Stheno


    AMKC wrote: »
    If you do decide to change you should consider the new Fiat 500X. Has been getting very good reviews is very good looking and is nicer inside than a Capture or a Juke. Its the same size as them by the way. It should hold its value well too as its a 500 anbd there will be a big demand for them no doubt.

    Is that that disgusting 500 that looks like the bastard child of an original 500 and a qashqai?

    With enormous wheels?


    Anyone who drives one should be shot on taste purpose alone imo


  • Closed Accounts Posts: 328 ✭✭Justin1982


    househero wrote: »
    They are laughing their ass off at you. Google car post purchase dissonance.

    You will be offered 11k in January. They are under no obligation to give you the 14k they hypothetically told you it would be worth.

    Stop wasting everyone's time and drive the car you thought was right for you, just a few months ago. Or go ahead and throw your money away for your indecisiveness.

    I expect your next thread will be asking how you go about test driving a Ferrari.

    They possibly will be offering me 11k in January. My main concern is to understand where the offer point will realistically be come 2016. There is a problem with that quote though. Renault dealership has a reputation to maintain. If they get a customer that's prepared to pay 17.6k for a new year in 2015 and they then offer 11k or even 9k for that same car trade in one year later then thats probably bad business. For one thing any customer, even one as stupid as me, will know they are being rode big time price wise and are unlikely to be a repeat customer or alternatively consider moving to a brand that doesnt depreciate as quick.

    There is an approximate depreciation on a new car over the first few years, probably about 20% per year by all reports I've read so far. So thats about 3.5k depreciation over the first year on the car they sold me. So dealer doesnt want to pay me 14K so he takes it down about 0.5k - 1K so its closer to 13K even. At that stage we're in a region that both of can start talking business. Then the dealer, I suspect, if he is offering a new car at 24k mark as advertized then he has a good bit of profit margin and thats where he focuses on making his money. I presume the dealer is more focused on riding me on the price of the new car rather than riding me on the price of the trade in.

    In fairness to them, when I traded in my Mazda 6, they offered me more than the market price for 03 Mazda 6's. I saw similar 2005 Madza 6's advertized for about 2.6K which is what they offered me for trade in. Its probably a trick that dealers use. Offer good value on trade in so customer thinks they are getting good value and then charge high on the new car where they make the most profit.


  • Closed Accounts Posts: 328 ✭✭Justin1982


    househero wrote: »
    Still, they do promote to over the hill women...

    Renault... Drive the change (menopause)

    Hahahahahaha

    I wouldn't buy a Renault. They are a good car, the Clio is great, comfortable, safe and reliable. But grannies buy them. Just like Hondas and Toyotas.

    Any granny that buys this car has got class in my opinion!

    http://www.carzone.ie/used-cars/honda/civic/used-2015-151-honda-civic-1-6-dtec-si-louth-fpa-146114247838286060


  • Closed Accounts Posts: 328 ✭✭Justin1982


    To be fair i think Renault are on a current winner with the Clio and the Captur

    I was in the carpark of a large multinational company recently, must be 400+ cars, with a lot of people who change every few years all would be on good money. There seems to be a good proportion of them after going for the Clio and the Captur in the last few years.

    Renault have got the clio styling right, its an attractive car, especially the dynamique versions and up. Captur styling is similar.

    Definetly a lot of younger people buying the current generation cars, in comparison to the last version of the clio etc.

    Yeah I'd have to agree. I examined the Clio's main competition real close before buying and its definitely up there. There is a lot of fine cars in that class and it can be hard to decide. I just didnt think any of the main competition (Ford Fiesta, VW Polo, Opel Corsa, Hyundai i20, Kia Rio) were as stylish looking. The Skoda Fabia gets top of class in a few reviews and looks quiet stylish but it only has a 3 year warranty and it seemed a bit pricey compared to Clio. Apart from the Kia Rio, the Clio (and Renault generally) really stand out for warranty, value, zero percent finance and after sale features such as 5 year AA roadside assistance.

    Even though I really wanted a Honda Civic, the value and features of the Renault Clio was hard to pass up in the short term.

    Renault Clio was 17.5K (15K with my Mazda)
    Honda Civic was 24k (21 with my Mazda)

    For Clio I paid 4k upfront and 11k on 0% finance over 3 years. For Civic, I had to finance more money over a longer period and the finance terms are crap with Honda. So about 6k difference between Civic and Clio purchase price turned into something like 9k when you took finance into account which was a bit off putting. So I decided in the end that I'd buy the Clio and spend a few years saving up larger upfront for Honda or whatever else might interest me, thus eliminating the need to finance too much or pay too much upfront from savings. I have no problem having bought the Clio and I might even keep it for more than a year or two. Its a damn fine car. But Clio was always just a stepping stone until I had enough money saved up. It just turns out that I'm managing to save a lot more money than I thought I would so its looking a bit more realistic that I could consider moving up to a Civic range car around about this time next year.


  • Closed Accounts Posts: 328 ✭✭Justin1982


    AMKC wrote: »
    If you do decide to change you should consider the new Fiat 500X. Has been getting very good reviews is very good looking and is nicer inside than a Capture or a Juke. Its the same size as them by the way. It should hold its value well too as its a 500 anbd there will be a big demand for them no doubt.

    I'm actually a closet fan of Fiat Punto's. I just love the curves on them. If I was looking at Clio competition cars again, then I think it would be between the Clio and the Punto. Inside I think the Clio is way better but body shape wise I think the Punto is damn nice. It doesnt seem to get great reviews which was a bit off putting for me when I was looking at cars back in January.

    The Fiat 500 wouldn't really suit me as its a bit too small. I have seen the new 500L (I think this is what you are referring to by 500X) but I am not a fan of it to be honest. Plus it seems to be in or around the price of a Honda Civic so straight away its up **** creak without a paddle in my mind.


  • Closed Accounts Posts: 328 ✭✭Justin1982


    househero wrote: »
    I expect your next thread will be asking how you go about test driving a Ferrari.

    By the way, how do I go about test driving a Ferrari? I have absolutely no intention of buying one but sheram sheram it might be nice to say I drove one before I died.

    I'm a simple man with simple tastes. Top spec Honda Civic is as far as my ambitions go. I probably wouldnt spend more than 30-35K on any car even if I had unlimited money. Brand new Honda Civic or Honda CRZ or VW Scirrocco or Renault Captur or Kia C'eed Pro are damn nice looking cars with hot enough performance without burning more fuel or emitting more CO2 than my current Clio. Top end Merc's, Audi's, Ferrari's wouldn't really interest me at all.


  • Registered Users, Registered Users 2 Posts: 73,528 ✭✭✭✭colm_mcm


    You'd probably get the €17k back on the Clio against a Ferrari though.


  • Posts: 0 [Deleted User]


    househero wrote: »
    They are laughing their ass off at you. Google car post purchase dissonance.

    You will be offered 11k in January. They are under no obligation to give you the 14k they hypothetically told you it would be worth.

    Stop wasting everyone's time and drive the car you thought was right for you, just a few months ago. Or go ahead and throw your money away for your indecisiveness.

    I expect your next thread will be asking how you go about test driving a Ferrari.

    Just thought I'd follow up here. There might be a few interested. I brought my 151 Renault Clio in to a Fiat/Alfa garage last week as I was considering upgrading to a Giulietta this year. They offered me 12,500 euro. My Clio has less than 9,000 km on her but she has a dinge on the drivers door where some idiot door bashed me in a car park before driving off without owning up to it and there is also some damage on driver side front alloy where I scrapped it off a kerb. Fair enough offer I think and there is some room still for negotiation on either offer price for my car or the offer price for the Alfa considering that 20% depreciation would bring my Clio price to around 13,500 euro.


  • Registered Users, Registered Users 2 Posts: 73,528 ✭✭✭✭colm_mcm


    Embrace the depreciation :)


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  • Registered Users, Registered Users 2 Posts: 3,049 ✭✭✭Brian Scan


    Stheno wrote: »
    Is that that disgusting 500 that looks like the bastard child of an original 500 and a qashqai?

    With enormous wheels?


    Anyone who drives one should be shot on taste purpose alone imo

    You need to get out more.


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