Monetary value of NCT....as per dealer!

shabbyalonso

Hi All,

As I suspect many do, I like to keep "tabs" on various cars that tickle my fancy. I usually go to DoneDeal and carzone and save a few cars that interest me to my favourites.

I do tend to find alot sit on forecourts for rather a long time without the price changing however the less said about that, the better.

I was following a particular car that has been for sale for a good 6 months +. Price was reduced slightly a couple of months back to just over EUR25k. 141 reg, 1 previous owner (640d gran coupe to be exact).
Anyway, I was planning on taking a good look at it this weekend however noticed last evening that the price had gone up by over EUR2k - now asking EUR27,950.
I was in touch with the dealer and he said, yea, price went up as it's just gotten a new NCT!

Quite an increase for a new NCT given that certainly in that price range, one would not even think about spending that sort of dosh without an NCT.

Normally don't take to the airwaves with such minor irks but thought I'd share!

Cee-Jay-Cee

The dealer is a wanker. If the car didn’t sell at the lower price it’s not going to sell at the higher price. He’s clearly clueless and inexperienced, if he thought that someone was going to hand over €25k and not expect him to NCT it for that price then he really is in the wrong game.

colm_mcm

Maybe he just spent a fortune to get it through the NCT so it’s standing him more now.

Car99

For a good spec clean car with average mileage 25k would have been good value. Maybe he sees the rise in sterling and Boris victory in the UK will limit future supply of 640d's from the uk.

mgn

Probably put the price up because it has got more expensive to import one now, less competition.

shabbyalonso

All valid answers, no question.
I must confess I'm hoping for a little more depreciation on the 640d. Note the potential reduction in lack of imports next year but with the perceived (and plugged/encouraged!) dirtiness associated with diesels (versus electric/hybrid), the lack of market (I think) for spending large sums on what will be a 6 year old plus car come next year (assuming 141 reg), I might pick up a good deal!!!
Here's hoping anyway - no rush but the hankering is increasing by the day!!!!!

Del2005

colm_mcm wrote: »

Maybe he just spent a fortune to get it through the NCT so it’s standing him more now.

He spent a fortune to get something which is legally required for the sale. When he was selling it for €25k he would of had to fix the same issue before the person took it, unless he suckered them on the double by letting them drive off with no insurance on the "promise" that he'd fix any fails which means that they would be driving without insurance for longer.

colm_mcm

Del2005 wrote: »

He spent a fortune to get something which is legally required for the sale. When he was selling it for €25k he would of had to fix the same issue before the person took it, unless he suckered them on the double by letting them drive off with no insurance on the "promise" that he'd fix any fails which means that they would be driving without insurance for longer.

Yes, but he may not have realized what was needed until he tested it.

Either way, it’s either good value relative to the market or it’s not.

mickdw

He is taking the piss. 640d are hardly flying out the door.

colm_mcm

Is it overpriced then?

My initial thought would be that if it didn’t sell at 25k this year, how will it sell for €27k now?
That said, the situation with nox tax and all that Brexit stuff will impact the value.

Del2005

Del2005 wrote: »

He spent a fortune to get something which is legally required for the sale. When he was selling it for €25k he would of had to fix the same issue before the person took it, unless he suckered them on the double by letting them drive off with no insurance on the "promise" that he'd fix any fails which means that they would be driving without insurance for longer.

Driving without insurance?? Where are you pulling that out of?

colm_mcm

Alaia Mysterious Transmission wrote: »

Driving without insurance?? Where are you pulling that out of?

Could be condition of insurance that the car has a valid NCT

jimmycrackcorm

mgn wrote: »

Probably put the price up because it has got more expensive to import one now, less competition.

It'll be the NOX charge next month that has put the price up. Be interesting to compare how much it would be to import the equivalent.

shabbyalonso

mickdw wrote: »

He is taking the piss. 640d are hardly flying out the door.

From what I'm seeing, I would agree. There seems to be surplus stock - not only 640's I might add - but cars in general. Prices tend to stay the same, especially with dealers. Cars are a depreciating asset, and with every day that passes where a motor sits on a forecourt (or backyard), the value drops.

Regardless of brexit, Nox, VRT, electric or otherwise, I for one will not be rushing into the purchase of any overpriced car. If I represent even a small percentage of potential buyers, cars will sit for some time, undriven and in my mind at least, losing value.

mickdw

I think the 6 series is just tipping into the drop like a stone territory too. Used to love them. Looking a little aged now.
To use the nct excuse is nuts. A car of that value is assumed to be able to walk through the basic inspection that is an nct test. So was he originally selling a car 2k shy of nct standard?
I couldn't be dealing with that type of fella with this sort of car.

Homer

Car dealers have a “slightly” higher public opinion over estate agents. Basically both trades are shady as f*%k in most peoples eyes.. and usually for very good reason.

Wildly Boaring

Homer wrote: »

Car dealers have a “slightly” higher public opinion over estate agents. Basically both trades are shady as f*%k in most peoples eyes.. and usually for very good reason.

Do they fudge!!
Secondhand car sales, estate agents, recruitment agents...all on the same plane.

shabbyalonso

mickdw wrote: »

I think the 6 series is just tipping into the drop like a stone territory too. Used to love them. Looking a little aged now.
To use the nct excuse is nuts. A car of that value is assumed to be able to walk through the basic inspection that is an nct test. So was he originally selling a car 2k shy of nct standard?
I couldn't be dealing with that type of fella with this sort of car.

Yes - wouldn't disagree entirely but do still feel the 6 series gran coupe at least, looks the part. It is however a smidge old man-ish (that's prob non-PC!!).
I also believe that values are falling off a cliff - I hope so to an extent but don't really see much demand for what is a relatively commercial car.

I'd still, and may well, have one but not at this sort of money.
Finally, regardless of asking price, I wouldn't deal with this trader.

Heres Johnny

What do you mean by value is about to fall off a cliff? It's already at about 30% of its new value after 5 years, soon to be 6 years. If anything it's slowing down in losing value. I don't think 25k is bad value for that. Of course it will keep coming down and eventually be practically worthless like all cars.
I watched the prices on the previous generation 6 series and the 635d always kept a decent bit of value.

bazz26

Like any big premium car the 6 Series has always suffered horrendous depreciation in the early years, however once they start hitting 5 or 6 years old the level of heavy depreciation starts tapering off. At that age they start become affordable to more and more people which in turn steadies prices a bit as they were a low volume seller. Cheaper imports is a big factor too but that's about to change from next month with the new Nox charges so importing won't be as attractive on one.

Regarding the one in question, a new set of tyres and brake discs all round on a car like that would easily come to about 2k retail but normally the dealer would price that stuff into the trade-in value of the car when they bought it. I also find it odd that they would NCT the car now rather than wait to sell it first and NCT it as a condition of the sale. Could be just chancing their arm like a Harvey Norman sale where the pre sale price is raised just to drop it back again during the sale to appear like it will be actually reduced come January.

mickdw

Heres Johnny wrote: »

What do you mean by value is about to fall off a cliff? It's already at about 30% of its new value after 5 years, soon to be 6 years. If anything it's slowing down in losing value. I don't think 25k is bad value for that. Of course it will keep coming down and eventually be practically worthless like all cars.
I watched the prices on the previous generation 6 series and the 635d always kept a decent bit of value.

Yes they will have lost most of their value already but there was a couple of years there where the earliest of them came into the 35k price range and kept very good residual around that price for a good period of time. Now as the model ages and older cars are availalble for small money, it's hitting the price of fresher examples.

L-M

Homer wrote: »

Car dealers have a “slightly” higher public opinion over estate agents. Basically both trades are shady as f*%k in most peoples eyes.. and usually for very good reason.

Having sold cars for over 10 years, what you’ll actually find is the general public are the liars more so than the dealers.

“Buyers are liars” being a common phrase.

Shoe on the other foot and all that.

Mooooo

I'd agree to what was said above, dealer upping price only to "drop" it back to what it was in Jan sale.