Corolla trade in

parishsavings

What would you expect to be allowed when trading in a Corolla 1.4 D4D, 2006, 160K miles, full service history?
A Toyota Main Stealer offered me 2K, where another garage offered me 2.5K.

colm_mcm

It's worth less than €1000 in real terms to a garage. The rest of what you're offered is discount on the new car.
Different models have different discounts.

Ideal situation is sell the car for €1500-€2k and get another €1500-2000 off a new car for buying straight.

parishsavings

Thanks Colm.
The Toyota guy spent his time running my car down and disregarded my meticulous service record!

colm_mcm

Go to another dealer if you want to stick with Toyota.
If the car is rough it mightn't have been that out of order pointing it out

bazz26

A Toyota dealer or any other main dealer is not going to re-sell that car on their forecourt as the mileage/age is too high/old, they would just sell it on to the trade (smaller independant dealer). So you probably got allowed just below it's trade value.

You could get upto 4k for it as part of a scrappage scheme from a different brand but the downside is you would have to spend more on a brand new car to get it.

parishsavings

The car is in excellent condition and i would consider it low mileage for its age!

colm_mcm

160 thou Kms or miles?

Saloon or hatch? Colour?

parishsavings

Black saloon. 160k is miles so only 16k a year. FSH and mpg for every fill of diesel

Indricotherium

parishsavings wrote: »

Black saloon. 160k is miles so only 16k a year. FSH and mpg for every fill of diesel

3 models old, 100k miles, old tax

bazz26

Try selling it privately.

colm_mcm

Indricotherium wrote: »

3 models old, 100k miles, old tax

Massive €385 tax :eek:

parishsavings

Thanks for the replies folks. Good to get some other opinions!

Atlantic Dawn

With full history and good condition your car should be in big demand privately. Main dealers will not want a car of that age.

Cee-Jay-Cee

Unfortunately for you it's a saloon and again unfortunately they have to be one of the ugliest boring saloon cars ever made so meticulous service record or not, it's not a desiteabke car, no one wants them.

My father in law bought a 1.4 petrol version a few months ago, 2006, 98k miles, very very clean and he paid €1900 for it privately. The seller had it up on donedeal for €3500. He offered €2200 and his offer was refused so he left it. The seller rang him about 3 weeks later and offered it to him at €2500 and my father in law said he wasn't interested but he'd give him €1500 for it if he was desperate to sell. They settled on €1800.

bazz26

A good clean diesel Corolla will certainly have interest. The saloon will fetch a bit less than a similar hatchback but it will still sell. A clean one has a lot going for it ~ cheap tax, no DPF or DMF to worry about and they are popular. It's ideal for someone looking for a cheap diesel car. I reckon the OP will get similar to what the dealers were offering.

mickdw

Exclude the corolla from your dealings with the garage. Just say straight sale and get a good discount off sticker price. Sell your car private cheap and still be better off.

parishsavings

Cee-Jay-Cee wrote: »

Unfortunately for you it's a saloon and again unfortunately they have to be one of the ugliest boring saloon cars ever made so meticulous service record or not, it's not a desiteabke car, no one wants them.

My father in law bought a 1.4 petrol version a few months ago, 2006, 98k miles, very very clean and he paid €1900 for it privately. The seller had it up on donedeal for €3500. He offered €2200 and his offer was refused so he left it. The seller rang him about 3 weeks later and offered it to him at €2500 and my father in law said he wasn't interested but he'd give him €1500 for it if he was desperate to sell. They settled on €1800.

And what do you drive? Best selling car in the world you know

Cee-Jay-Cee

parishsavings wrote: »

And what do you drive? Best selling car in the world you know

The Corolla as a general model is the best selling car. That particular saloon model certainly isn't or wasn't. While there are a good few of them about it was in no way popular probably because it was such an dull looking car.

colm_mcm

Nonsense. I sold tonnes of them when they were new. The 1.4 diesel is still a desirable used car for many.

theoneeyedman

Op in fairness, you need to remove emotion and pride in the car,and look at the deal coldly. Bottom line, regardless of conditions the car is 11 years old. A main dealer generally won't want it around the place. If you're not happy with the deal, then move on. If you can, sell privately then shop around with cash in your pocket.
That said, it's annoying getting every flaw pointed out by some smarmy salesman. Tell him to **** off, you know it's not perfect but offer a fair price.

parishsavings

If i didnt have pride in my car it would be in bad shape and the salesman would have a field day!

Anyway new question...I note some toyota main dealers have 06 corolla's with same miles for 4500 and 5k.
So question is, why the big gap? Are they making 3k plus profit on these cars?

bazz26

It's why the still have them.

JohnBoy26

Cee-Jay-Cee wrote: »

The Corolla as a general model is the best selling car. That particular saloon model certainly isn't or wasn't. While there are a good few of them about it was in no way popular probably because it was such an dull looking car.

They were and still are a very popular car and lots of them were sold back in the day, there is still plenty of them around today as a testament to that. Most c segment saloons are/were dull looking cars so that is hardly a factor in anything.

parishsavings

He hasn't said what he drives yet. Be interesting to hear

colm_mcm

bazz26 wrote: »

It's why they still have them.

Just to put some numbers on this, if a main dealer has an old car like an 06 Corolla diesel up for €4500, this is usually the story:

Get some trade bids on the car.
Values of between €1000-1500.
Customer bought the car off you and has been in servicing it for the last 10 years. They reckon the car is worth a fortune.
Need to shift a new car and don't want the customer driving around a car for the next 10 years with another dealers name on it, and risk losing their servicing business too.
The trade bid plus the margin on the new car don't add up to what the customer wants to deal with.
There is the option of going balls-out on the trade in - you end up putting €2000 or €2250 into it, and take a big chunk of the margin on the new car to bump up the trade in value on paper.
Car is in for around €2k. You service it, do timing belt if needed, stick a few tyres on it, fix that scuff on the bumper, clean it up. Car is now costing closer to €3k.
Stick car up for €4500.
Accept an offer of €3750
You've now made €750 in the used car, and maybe €500 on the new car.
You now need to stand over the car for the next 6/12 months. As you're a main dealer you'll give a proper warranty which has the potential to cost more money. As the car is over 6 years old, you can't just buy a Toyota warranty and stick it on it like you can with a newer car.

You can't do this with every car of course.
This isn't an excuse for the differences between a trade in price and a retail price, more an explanation based on real life deals I ended up doing against my better judgement.

parishsavings

Well i do my own servicing so no business there! Plus i remove all dealer stickers and ads from my car. No free advertising here!!

colm_mcm

So the full service history is from yourself
Not really as valuable as a service history from a garage or dealer.

parishsavings

colm_mcm wrote: »

So the full service history is from yourself
Not really as valuable as a service history from a garage or dealer.

I'm a mechanic, work for an independent garage.
I keep my own record together with the actual service book.

Anyway purpose of the thread is really just to get my head around the thinking of main stealers

mickdw

parishsavings wrote: »

I'm a mechanic, work for an independent garage.
I keep my own record together with the actual service book.

Anyway purpose of the thread is really just to get my head around the thinking of main stealers

I'd imagine you would know it's not worth trading in then.

JohnBoy26

parishsavings wrote: »

I'm a mechanic, work for an independent garage

Then you probably should know that a 06 diesel saloon corolla isn't worth €4500-5k. A good example will fetch between 3-3.5k in a private sale and less from a dealer in a trade in.

Hatchbacks are worth a little more than the saloon too.

parishsavings

mickdw wrote: »

I'd imagine you would know it's not worth trading in then.

Yes I am going down the private sale route, as I say I am just trying to bottom out the thinking!

corglass

Let us know how that sale goes op. Maybe link the ad here and your might get lucky with a buyer