Thinking of selling a car that Ive been given a trade in value on

Jane98

Hiya,

I've done a deal to trade in my car against a new 241 VW Polo. Since then a colleague has offered to buy my car for more than the trade in value. Just wondering if this would have any effect on the deal I made for the Polo ? I mean would they be bothered if I turned up on 2nd Jan with a €15k cash deposit instead of my old car to trade in?

Thanks,

Jane

endacl

They’d probably want what they’d make on a markup when selling your old car too. And justifiably.

elperello

https://www.boards.ie/discussion/2058324321/thinking-of-selling-a-car-that-ive-been-given-a-trade-in-value-on

Don't wait until Jan 2.

You have a deal that includes your current car.

That deal doesn't exist if you sell it privately.

Go to the garage and tell them you have sold your car and take it from there.

Jane98

https://www.boards.ie/discussion/comment/121414345#Comment_121414345

Why justifiably? Why should I be treated any different to someone that came in at the start without a trade in?

bazz26

Just tell them your selling your car privately as you got a better offer. Don't wait until Jan 2nd as the dealer might have a buyer lined up for your existing car and your changing the terms of the deal. The same way I'm sure you wouldn't like it if you arrived on Jan 2nd and the dealer told you they actually sold your new car to someone else. Who knows the dealer might make you a better offer on your existing car to keep the deal if they have a buyer for your existing car.

Is the new car a factory order you placed or just a car the dealer has in stock? You might actually be able to negotiate some sort of discount off the new car now that you haven't a trade in. However discounts are very hard to come by on new cars these days but it's worth trying given the Polo doesn't sell in large numbers these days with everyone wanting crossovers. If the new car is just from dealer stock then it's worth trying a few dealers for a better price.

mickdw

Sell it. Ring them up and tell them you now wish to buy straight without trade in and ssee what the figures look like.

If not significantly ahead of the trade in deal, there is something wrong.

https://www.boards.ie/discussion/comment/121415311#Comment_121415311

I suspect you will be treated like someone without a trade in. Dealers factor in the profit they will make on selling your trade in when agreeing the new car price with you (check price of a car like yours on carzone). Without a trade in, less profit for the dealer which means you may have to renegotiate the price of your new car. Chances are they will have another buyer who will take your new car, so the dealer may be in a strong position when telling you the car will cost you more to buy without the agreed trade in. You are changing the terms of your agreement, so some alternations to the price is justified. Whether it comes to pass is a different matter.

Just give them a call and do the maths, if selling to your friend and paying a higher price for your new car works better for you, then go for it. The only issue to watch out for is that sometimes selling to a friend comes with risks, if your car breaks down soon after, can be a bit awkward, whereas if you drop it on the dealers forecourt, it’s their baby.

mk7r

https://www.boards.ie/discussion/comment/121415399#Comment_121415399

Why? Cash buyers are the lowest rung customers generally to a dealer:

1. The dealer wants people to finance for as much as possible because they get their commission from that.
2. The dealer wants the trade in as they can tart it up, slap on a few k over what they paid for it and sell that too.

mickdw

I know in current climate dealers are liking deals that involve a trade in as good stock is hard to get. Still, against a new car, its pretty much impossible for it to be a better deal than selling private.

They will have made trade in offer against full retail price to make trade in offer look as good as possible.

Op says his friend is beating this so unless they suddenly.attempt to charge above retail for the new price, I can't see how he can lose selling to friend.

dickdasr1234

This all sounds like a load of hooey to me!

Main Toyota dealer offered 'book price' for my 118d €14k + €1500

He stated that they would be moving it on to another dealer.

Cash price was €1500 off new.

dickdasr1234

BTW for sale at €20k (not a penny less)

182D 118d auto

UK import 10/2020

Speedo in miles with digital km readout

86000km

Full main dealer service history

New tyres all round (about to put two on)

6 months ago brake pads f/r and discs front

DPF sensor replaced (good for another 80k)

€5k worth of extras: leather seats (heated front), comfortable pack, parking sensors f/r

a few stone chips, paint scratches on bumpers, no dents

immaculate inside

average 53mpg since I've had it - daily motorway commute and farting about at the weekend

Easily achieves 60+mpg on long journeys

Any body putting up big miles needs this Covid mileage car!

NCT 07/24 & Tax 10/24

Next service 05/24 (probably need rear discs then)

User1998

https://www.boards.ie/discussion/comment/121444566#Comment_121444566

Unless its an M Sport you will never get €20k. They can be bought for as little as €15k privately.

dickdasr1234

https://www.boards.ie/discussion/comment/121444763#Comment_121444763

Yeah, yeah, yeah.

Evidence?

L1011

If you're going to bicker, don't try advertise

Buddy Bubs

I can see 15k private sales for SE models. What mileage is on yours? That dictates price too I suppose. Even still 20k private is pushing it for an m sport low mileage

dickdasr1234

MOD EDIT DONT POST IN THIS THREAD AGAIN.

User1998

https://www.boards.ie/discussion/comment/121445355#Comment_121445355

Heres one for €15,950. Obviously it will sell for €15,000 or less after some negotiation. Nobody pays full asking price.

https://www.donedeal.ie/view/35421155

And heres one from a dealer with warranty and finance options for €20k. Why would anyone pay €20k for yours if they can buy from a dealer for the same price?

https://www.donedeal.ie/view/34983327

And I’d argue that the petrol models are more desirable in a small car like a 1 series. I don’t think an under powered 118d is very attractive, especially as an SE model.

And your Full service history doesn’t add much value unfortunately.

User1998

https://www.boards.ie/discussion/comment/121445411#Comment_121445411

Agreed, even if it was a low mileage M Sport it would be a tough sell privately at €20k. So I think €14k or €15k is a realistic sale price for a low power low spec diesel model.

mickdw

https://www.boards.ie/discussion/comment/121445557#Comment_121445557

They are petrol though

M3CS

https://www.boards.ie/discussion/comment/121445548#Comment_121445548

If you actually bothered to search you'd have found this thread which is literally dedicated to users here that want to advertise cars they're selling: https://www.boards.ie/discussion/2058076324/boardsies-own-or-family-friends-cars-for-sale#latest

Might be an idea to post your car in there instead of derailing a random thread with paragraphs about your cars bodywork, the immaculate interior, great MPG and the recently replaced DPF sensor.

The language used regarding the price ("€20k - not a penny less") suggests that you've already had some offers that weren't remotely close to what you want for it.

Also, @LIGHTNING - why was my previous post in this thread removed?

standardg60

https://www.boards.ie/discussion/comment/121414345#Comment_121414345

If the new car has a stated price, surely it would be illegal to charge more than that subsequently?

It is of no consequence to the OP what profit the dealer would or would not make, only what the best deal is for them, so selling privately makes the most sense, they can pay for the new car whatever way they want, not what way the dealer wants.

dickdasr1234

https://www.boards.ie/discussion/comment/121445715#Comment_121445715

I actually did bother to search (as stated): "members cars for sale" - it threw up nothing of relevance

crop.png

Again, you make declarations based on (incorrect) assumptions. I told you that I had not advertised the car and I stated the offer by a dealer.

I was offered €20k cash by a BMW dealership 12 months ago.

I wrote a comprehensive assessment of the car which was ignored by those who chose to respond. My apologies if it offended your sensibilities.

Thank you for the link to a suitable thread.

User1998

https://www.boards.ie/discussion/comment/121445934#Comment_121445934

Nobody ignored your assessment. You can assess the car all you want it will never be worth €20k😂

Good luck with the sale anyway.

dickdasr1234

https://www.boards.ie/discussion/comment/121445557#Comment_121445557

HMMM. 118i = 136BHP, 118d = 150BHP

You'd want to be soft in the head buying a beemer without FBMWSH!

https://www.fleetnews.co.uk/cars/reviews/bmw-118i-m-sport: "The best economy figure I’ve seen from the car’s on-board readout is 38.8mpg on a sedate cruise from Peterborough to Coventry and since we took delivery of the vehicle in November, it’s averaged 35mpg over about 2,000 miles."

"The ride in the 1 Series (MSport) is very jiggly. On rough road surfaces it does give your back a bit of a pounding, which is less than ideal."

User1998

https://www.boards.ie/discussion/comment/121446021#Comment_121446021

Me personally, I’d rather have 14 less horsepower than listen to that tractor engine and deal with potential DPF, EGR, and Adblue issues. But obviously some people will rather diesel for longer journeys.

What I meant by underpowered is that its the undesirable 118d compared to the more powerful 120d.

Full service history doesn’t add much in the way of value. But it does make it more saleable of course.

M3CS

https://www.boards.ie/discussion/comment/121445934#Comment_121445934

If you received an offer of €20k 12 months ago (when virtually every car on the market was hugely overvalued) then that would suggest that you believe the value of your car hasn't depreciated by a single a cent in a full calendar year? A run of the mill diesel BMW 1 Series?

Are you for real!?

dickdasr1234

https://www.boards.ie/discussion/comment/121446129#Comment_121446129

Who's hijacking the thread now? More bullshit - it was a dealer's quote. You would pay another €6/7k for the privilege of a 2-year warranty and a nice polish. You won't find a 118d in any BMW dealership in the country.

L1011

dickdasr1234 was already threadbanned but appears to not understand what that means.

Please stop replying to them.