HI, I was looking to change my TDI VRS a 63 plate DSG 58K miles, on autotrader the px shows about 7.5K. A local dealer is selling a 13 plate estate TSI DSG less options with 42 on the clock for 12k. I am not saying my car is worth the dealer sale price but I can see mine on a forecourt for 10.5K at that rate. That's 3K profit for them and then more on a supplied car. Its putting me off selling or if I do I won't be PX ing. While I appreciate garages are having a hard time and they have staff and overheads that's a joke. It's not like they 'give' you a great warranty now a days.

My lad recently purchased a 2016 Jeep for 12K from a local car supermarket who charged him over £300 for an AA warranty, all they gave free was a months (may have been three months) gearbox and engine warranty but no paperwork to say what that does cover. While some garages offer a decent sale price the final price is often loaded with admin fees, inflated APR deals and warranty fees, if the car needs a service beware you get a basic oil change. The exception being a franchise dealer, mine came from a Skoda garage with a 12 month warranty and they were great. 

I have been told independent garages are struggling to get part ex cars from main dealers due to the lack of sales, maybe they should offer a decent price for a decent car?

I think I might buy a cheap run about and sell private. It might not be as convenient or straightforward but worth a few grand to me.

 

Just a rant, hope you are all safe

 

7 hours ago, masonic said:

HI, I was looking to change my TDI VRS a 63 plate DSG 58K miles, on autotrader the px shows about 7.5K. A local dealer is selling a 13 plate estate TSI DSG less options with 42 on the clock for 12k. I am not saying my car is worth the dealer sale price but I can see mine on a forecourt for 10.5K at that rate. That's 3K profit for them and then more on a supplied car. Its putting me off selling or if I do I won't be PX ing. While I appreciate garages are having a hard time and they have staff and overheads that's a joke. It's not like they 'give' you a great warranty now a days.

My lad recently purchased a 2016 Jeep for 12K from a local car supermarket who charged him over £300 for an AA warranty, all they gave free was a months (may have been three months) gearbox and engine warranty but no paperwork to say what that does cover. While some garages offer a decent sale price the final price is often loaded with admin fees, inflated APR deals and warranty fees, if the car needs a service beware you get a basic oil change. The exception being a franchise dealer, mine came from a Skoda garage with a 12 month warranty and they were great. 

I have been told independent garages are struggling to get part ex cars from main dealers due to the lack of sales, maybe they should offer a decent price for a decent car?

I think I might buy a cheap run about and sell private. It might not be as convenient or straightforward but worth a few grand to me.

 

Just a rant, hope you are all safe

 

 

Ha ha i know exactly what you mean you really get nothing for pxing a car, strange how when your about to walk away from a deal they suddenly get some extra from somewhere but still you never get near what its worth.

I was talking socially with the No.2 at one of the largest Lookers Group's Audi showrooms here in Farnborough Hants just before the lock down. He was quite open than they needed to make 1500 quid on the sale of a car & 1500 quid on the purchase of the trade-in so, yeah 3 grand a car. Sounds like a lot, Hmmmm maybe not, say to round the numbers its a 30 grand car

 

I buy new cars, run them for 3 years on a PCP & hand them back, i expect to pay 15 grand total or 5 grand per year

 

Sounds like you buy a 3 year old car run it for 4 years & sell it & buy another, probably lose 7-1/2 grand in depreciation & 3 grand buying selling again or 10-1/2 total or £2,625 per year

 

My dad told me when I was younger, if its tyres or tits, its gonna cost you

 

GLWS of your car, i've tried it before & its not me 

If you want to save as much money as you can, you need to buy privately and sell privately.

 

Ultimately, you pay a premium from a garage as they need to cyber risks such as warranties, cover all those costs prime get covered before they buy such as the be tyres, brake pads, upcoming service etc.  People don't like to spend much money privately as there's risk, you have to hand over a wedge of cash with no legal comeback when it goes wrong.

 

Garages need to cover all their overheads and other indirect costs such as fees, marketing, cleaners, etc etc.  They also need to actually make profit too, otherwise it's not really a viable business.

You sell a car privately and you think the cost is just the advert, but it's taking you time and effort.

Staff have to be paid for all the time they aren't making sales too.

 

My current car as the first car I've bought from a trader, not even a dealer and the lack of value compared to my previous cars grates on me, however I do appreciate why that price difference is there.

 

My wife's car cost half what mine did, in a private sale, is pretty much as high a spec tbh and we've had less issue with it in 4 years than the Octavia has in 1, despite doing maybe 6 times the miles.  

I have always thought that the only price that actually matters is the amount of money it costs you to get the car that you want which equals the new car cost minus the trade in allowance. Some garages may offer a very good trade in price for your current car but have the car that you want at a higher price than other garages. It is human nature to want the highest price for your trade in and the lowest price for the car that you are buying. At the end of the day anything is only worth what people are prepared to pay for it and not the price that the seller thinks that it is worth.

OP has made the classic mistake of not dealing with facts.  The Autotrader valuation is useless and the advertised price is not the selling price.  My preferred way to to business now is to treat selling and buying cars as two seperate transactions. If you you own a car that's not attractive to a dealer then irrespective of what any valution indicates your car's worth, you're never get that price. ( or if you do then the car you're buying is overpriced to compensate ).

 

9 hours ago, masonic said:

My lad recently purchased a 2016 Jeep for 12K from a local car supermarket who charged him over £300 for an AA warranty, all they gave free was a months (may have been three months) gearbox and engine warranty but no paperwork to say what that does cover. While some garages offer a decent sale price the final price is often loaded with admin fees, inflated APR deals and warranty fees,

 

Just a rant

 

We've all learnt our lessons the hard way and I'm no exception, so feel free to call me a hypocrite but if you're complaining about your lads purchase, then isnt it his fault rather than the dealers. He bought a warranty for £300. Leaving the pros and cons of an AA warranty to one side, what do you mean by "all they gave free was... ?"  Dealers are not charities, nothing comes for free.  Irrespective of warranty, the dealer is liable to the Consumers Rights Act 2015 ( formerly known as the Sale of Goods act ) that's why they have to make a decent profit.

 

But I can't get my head around your last rant - the car is advertised at one price, then the buyer says he/she wishes to take out finance, and you're complaining the price is then loaded with admin fees, inflated APR deals?  What were your expecting?

 

Warranty fees?  Yes if you want to buy a warranty that covers you over and above your statutory rights, then you have the option to buy a warranty. You can buy it from the dealer or you can buy it elsewhere. What's the problem?

 

BTW  couldn't agree more with Liger1956.

Edited 28 June, 20205 yr by Guest

2 hours ago, themanwithnoaim said:

I was talking socially with the No.2 at one of the largest Lookers Group's Audi showrooms here in Farnborough Hants just before the lock down. He was quite open than they needed to make 1500 quid on the sale of a car & 1500 quid on the purchase of the trade-in so, yeah 3 grand a car. Sounds like a lot, Hmmmm maybe not, say to round the numbers its a 30 grand car

 

I buy new cars, run them for 3 years on a PCP & hand them back, i expect to pay 15 grand total or 5 grand per year

 

Sounds like you buy a 3 year old car run it for 4 years & sell it & buy another, probably lose 7-1/2 grand in depreciation & 3 grand buying selling again or 10-1/2 total or £2,625 per year

 

My dad told me when I was younger, if its tyres or tits, its gonna cost you

 

GLWS of your car, i've tried it before & its not me 

 
This is the answer ☝️
 

It’s going to cost you an amount of money, look at it per month, year, day, week, whichever figure puts it in the best perspective. 
Cars in my experience depreciate by 20% per year, down to a point where their age then means heavier and heavier maintenance is required and the value is whether they will last until the mot runs out.

 

Masonic, stick yours in wbac, I tried mine (non vRS) last week and it offered £6000. They’ve upped it every couple of days and now I’m on £6685.
 

Edited 28 June, 20205 yr by classic

See what the local back street dealers offer you. Decent second hand stock is getting to be a bit hard to come by at the moment.

 

And yes, if you can do the basics yourself, and don't feel the need to impress people, a cheap runaround is the way to go. The secret is spend half your budget on the car and keep the other half back to put it right. 

 

28 minutes ago, Scot5 said:

OP has made the classic mistake of not dealing with facts.  The Autotrader valuation is useless and the advertised price is not the selling price.  My preferred way to to business now is to treat selling and buying cars as two seperate transactions. If you you own a car that's not attractive to a dealer then irrespective of what any valution indicates your car's worth, you're never get that price. ( or if you do then the car you're buying is overpriced to compensate ).

 

We've all learnt our lessons the hard way and I'm no exception, so feel free to call me a hypocrite but if you're complaining about your lads purchase, then isnt it his fault rather than the dealers. He bought a warranty for £300. Leaving the pros and cons of an AA warranty to one side, what do you mean by "all they gave free was... ?"  Dealers are not charities, nothing comes for free.  Irrespective of warranty, the dealer is liable to the Consumers Rights Act 2015 ( formerly known as the Sale of Goods act ) that's why they have to make a decent profit. 

 

But I can't get my head around your last rant - the car is advertised at one price, then the buyer says he/she wishes to take out finance, and you're complaining the price is then loaded with admin fees, inflated APR deals?  What were your expecting?

 

Warranty fees?  Yes if you want to buy a warranty that covers you over and above your statutory rights, then you have the option to buy a warranty. You can buy it from the dealer or you can buy it elsewhere. What's the problem?

 

BTW  couldn't agree more with Liger1956.

 

HI thanks for your comments all they are all interesting but to address your points above:

 

While dealers are not charities we pay a premium price when we buy from them, in days of old cars came with a 3 month warranty at no extra cost however some have moved to the gearbox and engine only model with the optional extended warranty. So yes he had a choice but you know whats its like, you want the car, the screen price is what you want to pay then the pitiful warranty is offered so that leaves you needing/wanting the additional cover. No one wants the hassle of going down the CRA if they can help it, many don't even understand it.

 

Admin fees, stick them on the screen price and not in the small print simples. Skoda for example, screen price, comprehensive warranty, tax paid even a free teddy, and its was not far off the indi car supermarket prices. 

 

 

 

 

Will have a look at Liger1956's comments 

 

 

Thanks guys some interesting opinions here 

 

 

 

Price to change is the only important thing when buying/trading in a car, if you want to get out of one car and into another with the minimum effort you are going to have to pay someone a "profit" to do so. Buying and selling privately can be interesting depends how good you are at dealing with people.

 

I would never buy a warrant from a garage they are selling the one that pays them the best commission probably, just get one that suits you online this does mean more effort for buyer but you then save money and get a more appropriate product .  

I don't mind paying a reasonable profit it was the PX valuations and then paying the profit on top was my issue.

 

to be honest I just put it in WBAC as suggested and I am a bit surprised so I need to withdraw the rant bit 

Your valuation

£8,835

 

1 minute ago, masonic said:

I don't mind paying a reasonable profit it was the PX valuations and then paying the profit on top was my issue.

 

to be honest I just put it in WBAC as suggested and I am a bit surprised so I need to withdraw the rant bit 

Your valuation

£8,835

 

Now, just wait and it’ll go up 😀

My biggest mistake was buying a nearly new but basic VrsTDi hatch back in July 2015 when I paid my local Skoda dealer £20,500 for a 7 month old Rallye Green Octavia with just 7,000 miles on the clock. 7 Months later I was trading it in for a Brand New better equipped petrol Superb which was only £23,500 OTR. The trade in price for the Octavia was £17,250 so it cost me £3,250 for 7 months use.

16 minutes ago, classic said:

Now, just wait and it’ll go up 😀

Don't really matter what the "hook" valuation is, they'll knock it down about a grand (min) to 1500 at inspection

3 minutes ago, themanwithnoaim said:

Don't really matter what the "hook" valuation is, they'll knock it down about a grand (min) to 1500 at inspection

😂

masonics car is £7500 then.....

😳

WBAC valuations............depends on the state of your car, and how honest you have been.

 

If you have a car that really is A1 then you will get very near the valuation, well, so long as you are not a walkover.

But they will pick at the service history, tyre condition etc etc.........

 

And beware the valuer (visitor to your house) giving you his own valuation..............I'm convinced they will get a further commission if the final agreed price is lower than the one he gets given from WBAC over the phone.

 

If I sold another one to them, I will ask to speak to the person on the phone, rather than get the price from the guy on the driveway.

IIRC they only knocked a hundred quid or so off of the original online valuation, but my car really was A1 and low mileage / good & matching tyres.. Service history let it down a little, that was all.

You could try https://www.wizzle.co.uk/ It's free to use and members of the trade bid on your car. I used it successfully to move on my Citigo -very easy quick and convenient. Obviously you'd still get more from a private sale, but you can use it to gage interest.

 

Used car prices are a bit crazy at the moment and reportedly there is a shortage of used cars in the trade.

 

 

1 hour ago, masonic said:

 

 in days of old cars came with a 3 month warranty at no extra cost however some have moved to the gearbox and engine only model with the optional extended warranty.

 

 

Nothing has changed the dealer is obliged under the sale of good act to honour a 3 month warranty and the Trading Standards Office & the courts enforce that rigorously.

 

I would never pay for an insurance warranty or even accept one given as free, been there done that, its just a way for the dealer to try to avoid his responsabilities, to blame someone else, to put themselves as an intermediary rather than the responsable and to do what they and estate agents etc do best, interrupt the line of communication and tell lies.

 

For me the best way is to buy private, when something goes wrong its up to me to sort it and not be screwed around by someone telling lies and trying my patience in the hope that eventually I will give up. Life is too short.

I was happy with my WBAC valuation last time around - be honest with condition and damage and all is fine.

They offered me £500 more than main dealer for my old car. So I negotiated £500 discount on my new car purchase for "cash only" (wasn't cash, but obviously no p/ex) and then got exactly what I was offered by the WBAC app.

 

I was honest about the condition of my car, we all see our own vehicles through rose-tinted specs.

As it happened, by old car was starting to throw up warning lights which were equating to an Inlet Manifold fault (for the second time in it's life) - so I was literally clearing fault codes in the car park while I was waiting for me turn to have their vehicle inspected.

I took the "pay me in 2-3 days" option via bank transfer as opposed to the "pay me know" which has additional cost associated.

18 minutes ago, Stoofa said:

 

 

I was honest about the condition of my car,

 

As it happened, by old car was starting to throw up warning lights which were equating to an Inlet Manifold fault (for the second time in it's life) - so I was literally clearing fault codes in the car park while I was waiting for me turn to have their vehicle inspected.

 

 

Well almost honest

 

Here we call that ni vu, ni connu. - (Neither seen nor known)

 

I dont blame you though, I would have done the same

Edited 28 June, 20205 yr by J.R.

2 hours ago, greenstripe said:

You could try https://www.wizzle.co.uk/ It's free to use and members of the trade bid on your car. I used it successfully to move on my Citigo -very easy quick and convenient. Obviously you'd still get more from a private sale, but you can use it to gage interest.

 

Used car prices are a bit crazy at the moment and reportedly there is a shortage of used cars in the trade.

 

 

 

Yes, you've reminded me, a few of these type 'online local trade bids for your car' sites popped up very shortly after I used WBAC.

I remain convinced I would have gotten even more money that way as the car was so clean it would have gone straight on the forecourt, but hey ho, cars cost heaps anyway.

Years ago I was offered £1700 for my 2.0L Accord..............No way were they having it for that so I borrowed £1000 to purchase the Civic SRi Vtec that I wanted at around £5k iirc and I kept the Accord. Sold within a week or two for £2300 to a very happy customer, who brought his family along for a test drive.

£100 interest to the loan company and £500 in my pocket, thank you very much, Lookers Honda.........Actually probably Chatsworth Honda at the time.

8 hours ago, themanwithnoaim said:

I was talking socially with the No.2 at one of the largest Lookers Group's Audi showrooms here in Farnborough Hants just before the lock down. He was quite open than they needed to make 1500 quid on the sale of a car & 1500 quid on the purchase of the trade-in so, yeah 3 grand a car. Sounds like a lot, Hmmmm maybe not, say to round the numbers its a 30 grand car

 

I buy new cars, run them for 3 years on a PCP & hand them back, i expect to pay 15 grand total or 5 grand per year

 

Sounds like you buy a 3 year old car run it for 4 years & sell it & buy another, probably lose 7-1/2 grand in depreciation & 3 grand buying selling again or 10-1/2 total or £2,625 per year

 

My dad told me when I was younger, if its tyres or tits, its gonna cost you

 

GLWS of your car, i've tried it before & its not me 

Both tyres and tits are subject to inflation. 

1 minute ago, TheWanderer said:

Both tyres and tits are subject to inflation. 

Given long enough both can go flat also.