"Trade in clearance" sale

acc2016

Saw an advert stating "trade in clearance"

This doesn't mean it's a "trade sale" does it?

It's an older mid range car in a garage normally selling more recent higher range cars

acronym Chilli

acc2016 wrote: »

Saw an advert stating "trade in clearance"

This doesn't mean it's a "trade sale" does it?

It's an older mid range car in a garage normally selling more recent higher range cars

Normally would imply that he took the car in as a trade-in against another car he sold. However, it mightn't really fit with his usual stock in trade (usually older than rest of stock, or a different make, or whatever), so he's trying to move it on quickly and it may be cheaper than the rest of his stock (another option would be a trade-sale to another garage where it'd fit better). So as you describe it fits: older car in a garage with higher range stock.

To be honest, it's pretty much information-empty from a buyer's point of view. Look at the car on its merits, get it checked, etc.,

He may try to put trade-sale on the receipt or bring that up in discussion (espec. if v. cheap, and because his other option is a true trade sale). I've bought cars that way (at the sub-€1k level) and it's been fine as just meant that they wanted shut of the car and couldn't justify any kind of warranty / after-sales. However, it's not really legal and if you're spending more (like few k plus) I'd get nervous.

Good luck with car-hunt

bazz26

Trade clearance normally means that they are selling the car in the same condition they bought it or took it as a trade-in. In a lot of case it can also mean that it's being sold as seen with no warranty as the dealer either doesn't see enough profit in offering a warranty on it due to age, value, condition, etc or knows it needs alot of work carried out on it.

acc2016

bazz26 wrote: »

Trade clearance normally means that they are selling the car in the same condition they bought it or took it as a trade-in. In a lot of case it can also mean that it's being sold as seen with no warranty as the dealer either doesn't see enough profit in offering a warranty on it due to age, value, condition, etc or knows it needs alot of work carried out on it.

I spoke to them and they would offer a three month warranty with Car Protect on it; which is something but I imagine there is all sorts of get out clauses with this sort of warranty.

acronym Chilli

acc2016 wrote: »

I spoke to them and they would offer a three month warranty with Car Protect on it; which is something but I imagine there is all sorts of get out clauses with this sort of warranty.

Any kind of warranty gives some (perhaps very limited!) sense that they don't expect a problem with the car.

The true "trade sale" situation boils down to (in my experience): "look, I'm selling you this car for €900, as far as I know there's nothing wrong with it and I'll get it NCT'ed for you before you collect it; but I'll only sell it to you if you promise not to come back to me if something breaks the morning after; it's just not worth the trouble to me to have the risk of a 12 year old car becoming an ongoing saga if something random blows up/falls off the week after you collect it"

Drove the car fine for a year and 25k miles. But absolutely it's a case of caveat emptor.