Trade in advice needed please

Nicola23

Hi there,

I am looking to upgrade my car, a 151 petrol Ford Fiesta zetac with 130k km on the clock. NCT May 25. I am looking at a 171 petrol Ford Fiesta Titanium with 35k km on the clock. The 171 is priced at 15KEur. This is lower than the valuation on Carzone at 16,350Eur. My car is valued at 11,050Eur on Carzone. The dealer has asked me what my expectation is for a trade in and as I have no clue what would be fair, I would love if any of you to help me.

Thanks in advance!

yoshiktk

There was a similar topic recently.

Basically doing trade in be prepared that the offer You receive gonna be lower than average sell price as dealer needs to cover their bills, you can look at is as You pay extra for convenience of not dealing with selling your call Yourself.

You could sell it yourself to get maximum amount of money but it can take time and effort.

Tldr;

Trade in, pay for convenience of quick car change or sell Yourself to maximise profit to pay less for upgrade.

Nicola23

https://www.boards.ie/discussion/comment/120976087#Comment_120976087

You're right! I just need to have an idea of what to suggest price wise to get the ball rolling :-)

User1998

Your car is available to buy on Donedeal right now for close to €7k. So I can’t see them offering much more than that.

Anyway, the trade in price is not important. Its the cost to change figure thats important.

And the car your buying is overpriced. You can get a lower mileage one for €2k less.

Because the car your buying is over priced, the dealer will be able to inflate your trade in price to make it look like your getting a good deal

bazz26

That's an old trick from dealers asking you what your expectation is regarding your car's trade in value. They know most people focus on that figure so they are looking for you to play your hand first and then adjust the amount they want off you to trade up to the newer car.

The most important figure for you when trading a car is not it's trade-in value but the cost to change up to the newer car. Trade-in values can just be massaging of numbers to make them look good if the dealer's car he is selling you is overpriced. The only way to know if it's a competitive cost to change price is by shopping around dealers for similar cars and see what they want from you to trade up.

BTW forget about carzone's valuations, they are not realistic or relevant.

Nicola23

https://www.boards.ie/discussion/comment/120976280#Comment_120976280

Thank you for this!

Nicola23

https://www.boards.ie/discussion/comment/120976285#Comment_120976285

Very interesting, thanks!!