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Should I accept 11k from dealer?

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Hi folks

Yeti is just coming up for 3 years old and I'm getting a new one.

Is £11k cash about fair for a 61 plate black 1.8 tsi se 4x4 with 23k on the clock? I'm not buying from them so not talking trade in value on full rrp!

How much would WeBuyAnyCar offer you?

  • Author

10500...

have they got any similar examples on the forecourt that you could use for bargaining?

Earlier Yeti's do not hold their value very much now. When I traded in my 13 month old 1.2 Elegance with DSG and Sunroof in this March I was offered £13.5k from Skoda and £14.5k against the new QQ I finally bought. It had only 8523 miles on the clock with a three year service plan and the paint protection added when new, plus other extras. An almost £10k loss in 13 months. All the "we buy your car" companies offered similar or slightly less than the Skoda dealer. I have learned a lesson in keeping cars now for a minimum of 3 years.

Edited by jonceebee

Save money by buying a 1 year old car and change it every two years.  Average age during ownership = 2 years.  Buy a new car and change it after 3 years and average age during ownership is 18 months but you lose more on trade-in.  Yes I know that when buying at 1 year old you don't ever own a new car or get to choose the exact spec.  Only you can decide if that is worth the extra cost - to me, it isn't.

 

My last car was bought at one year old and sold at 8-1/2 years old and cost £8-1/2K in depreciation and a total of just over £300 in repairs during its ownership.  Extreme, but imagine the deprecation on 3 new cars in that time!  Owning a new car is not worth that much to me but I can understand how it is to some people.

My old se tdi is on the web at 10.2k originally 11.5 - garage gave me 9.5 against a sort of demonstrator(6mnths old 50 miles on clock) with a considerable saving agst a mk1 adventure as opposed to another se but fl ,  

the old one was 4yrs old 48k on clock - I was happy with my deal, swings and roundabouts I think  - higher trade in higher price my car

I always try to get a demonstrator or as now, normally make a reasonable/good saving against a brand new job!

Yeti is just coming up for 3 years old and I'm getting a new one.

Is £11k cash about fair for a 61 plate black 1.8 tsi se 4x4 with 23k on the clock? I'm not buying from them so not talking trade in value on full rrp!

 

I think that's about right.

They'll obviously need to add a dealer marging to that and resell it for around £12-£13k.

The 1.8tsi SE's don't hold value as well as diesels IMO as they are mid spec cars with high running costs due to the engine and aerodynamics.

  • Author

I think that's about right.

OK cool. Thanks for that.

  • Author

Save money by buying a 1 year old car and change it every two years.  Average age during ownership = 2 years.  Buy a new car and change it after 3 years and average age during ownership is 18 months but you lose more on trade-in.  Yes I know that when buying at 1 year old you don't ever own a new car or get to choose the exact spec.  Only you can decide if that is worth the extra cost - to me, it isn't.

 

My last car was bought at one year old and sold at 8-1/2 years old and cost £8-1/2K in depreciation and a total of just over £300 in repairs during its ownership.  Extreme, but imagine the deprecation on 3 new cars in that time!  Owning a new car is not worth that much to me but I can understand how it is to some people.

I'm lease hiring so don't really have a choice!

  • Author

have they got any similar examples on the forecourt that you could use for bargaining?

No I might be able to squeeze 500 more - but we'll see!

There's only ever a finite amount available in any deal. The dealer may give you this off the price, on your px allowance or on the finance/accessories. The amount available will depend on how much markup there is on the car you're buying, whether the dealer plans on retailing or trading your px, whether the car you're buying has been in stock too long, whether they are trying to hit and EOM or Qtrly volume bonus, etc, etc. Soooo many variables!

Your px value can therefore vary a lot and still be "fair" depending on how the rest of your deal stacks up. However, as others have mentioned start with a valuation from somewhere like WeBuyAnyCar.com. The dealer should be offering a minimum of a couple of hundred quid above what WeBuyAnyCar.com are offering. Anything more than that depends on the rest of your deal.

So, if they are offering you a bit more than WeBuyAnyCar.com and are giving you £1000 discount plus low rate finance, a deposit contribution, RFL, a full tank of fuel, etc then it's probably a decent deal. If they are offering you none of the above but a clear grand or more above the WeBuyAnyCar.com offer then this is also a reasonable deal. If they are offering just the same or less than WeBuyAnyCar.com then they are having a laugh.

Cheers

Rog

  • Author

There's only ever a finite amount available in any deal. The dealer may give you this off the price, on your px allowance or on the finance/accessories. The amount available will depend on how much markup there is on the car you're buying, whether the dealer plans on retailing or trading your px, whether the car you're buying has been in stock too long, whether they are trying to hit and EOM or Qtrly volume bonus, etc, etc. Soooo many variables!

Your px value can therefore vary a lot and still be "fair" depending on how the rest of your deal stacks up. However, as others have mentioned start with a valuation from somewhere like WeBuyAnyCar.com. The dealer should be offering a minimum of a couple of hundred quid above what WeBuyAnyCar.com are offering. Anything more than that depends on the rest of your deal.

So, if they are offering you a bit more than WeBuyAnyCar.com and are giving you £1000 discount plus low rate finance, a deposit contribution, RFL, a full tank of fuel, etc then it's probably a decent deal. If they are offering you none of the above but a clear grand or more above the WeBuyAnyCar.com offer then this is also a reasonable deal. If they are offering just the same or less than WeBuyAnyCar.com then they are having a laugh.

Cheers

Rog

Thanks. I'm not buying from the dealer. It's just a cash sale. They're offering 500 more than WeBuyAnyCar.com

Edited by joncc

Thanks. I'm not buying from the dealer. It's just a cash sale. They're offering 500 more than WeBuyAnyCar.com

Sounds reasonable to me in that case.

Cheers

Rog

Worth driving around a few used car dealers, and seeing what they offer.

 

I got rid of my last car ( an 07 Focus 2.0 TDCI Titanium ) recently.

Went into a used car dealer on my way home, armed with all paperwork in case there was a deal to be had.

They offered me £500 more than the WBAC price - and this was on a car only worth around £3000. I got as much as I would have done selling privately.

5 minutes later I had a cheque in my pocket, and was looking for a bus stop.

 

If I managed to get £500 more on a car worth around £3k, maybe there's more to be had on a car worth 4x that much!

 

I'd spent hours preparing the car, it was immaculate inside and out. 

Prep it properly, get all your paperwork together, and go drive round a few dealers, see what they'll give you.

You've nothing to lose !

  • Author

Worth driving around a few used car dealers, and seeing what they offer.

I got rid of my last car ( an 07 Focus 2.0 TDCI Titanium ) recently.

Went into a used car dealer on my way home, armed with all paperwork in case there was a deal to be had.

They offered me £500 more than the WBAC price - and this was on a car only worth around £3000. I got as much as I would have done selling privately.

5 minutes later I had a cheque in my pocket, and was looking for a bus stop.

If I managed to get £500 more on a car worth around £3k, maybe there's more to be had on a car worth 4x that much!

I'd spent hours preparing the car, it was immaculate inside and out.

Prep it properly, get all your paperwork together, and go drive round a few dealers, see what they'll give you.

You've nothing to lose !

Good idea. I might call a couple of the less local Skoda dealers too see if they're interested before I drive over.

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