The best source of accurate P/X Prices

The Pan Man

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I am looking for the above, I know of the usual Glass's Parkers Autotrader ect but they all vary by some margin. Do any of our members have a better or more accurate source. As I stated before it will be some time before I do a deal on anything but, I got to wandering if I saw a particular car that was of interest if I had the information it would help if I decided to bring the event forward.
 

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The best guide is to Google search for vehicles identical to yours that are up for sale and take this less a dealers margin £1-1.5K and use this against the new car price and the discount on it you can get . Remember it is not so much the price you get for your car on trade in as the difference in £ you have to fork out.
 

type49

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If the car is too old for a dealer's forecourt then it will probably not be the dealer that decides the price. "Most" will ring round their local traders, giving a description of the car, spec, condition etc & the trader offers a price. The dealer just gives you the highest offer. You probably won't like the offer but it's the fairest way of doing it.
 

jberks

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Your guide is the same as the dealer's. If he uses glasses then thats what he'll quote on, if another uses something else then that's his price. Remember, dealers have no more idea of your car's value that you have.
Sometimes they have someone who buys particular models, in which case they'll get an offer from them and base it on that. Additionally, what they offer will be partially dependent on the profit in what you're buying. They simply use some of that prifit to finance a 'good' trade in price. If they managed to rip off the previous owner, you may find that they have a little more to play with.

All too often you'll hear of someone getting a 'fabulous' trade in price. They don't seem to grasp that it's being funded from somewhere - namely them. A salesman can only book a trade in at a base price as they daren't show a loss on a car so must assume it's going to sit around and then be jobbed out at auction and base their paper value on that, what they offer you will be different, with that difference funded on paper by the new car's profit.
 

Alex M Grieve

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I am looking for the above, I know of the usual Glass's Parkers Autotrader etc but they all vary by some margin. Do any of our members have a better or more accurate source. As I stated before it will be some time before I do a deal on anything but, I got to wandering if I saw a particular car that was of interest if I had the information it would help if I decided to bring the event forward.

They are all guidelines and vary a bit. Wise Buyers Guide seems to set the lowest prices, and What Car the most generous. Look up a few and take an average then weigh that against what might be for sale local to you at the time.

I usually sell privately at midway between average dealer and average trade in and sell at that price without difficulty.

Then you can haggle with the vendor. As has been said, cost to change is the key number.
 
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The Pan Man

The Pan Man

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Splatt I am aware of this method but,

It does not tell you a, If the car was sold and b, How much for. What I want is good information. Here is one example of what I mean, 1 month older than mine 1000 miles more and advertised at over £12k from a dealer using this method my car is valued at £10,500.00 and it wont make that in another century. Then if I take the other end of the scale using the same calculation it mekes mine worth £5,500.00 and that is too much variation. So I will go to a dealer and select a £22,500 or so car and see what I get offered I will most likely to this at MB BMW and Land Rover dealerships and even an independent or two. BUT spending that sort of money a main dealer would be my preference for any warrenty work or problems.
 

jberks

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I think the £1000-1500 figure is a bit shy. At this level it's closer to £5k. They may end up with £1500 but you have to allow for
a) The £1000 the drop from the screen price for simply walking through the door.
b) The £1000 they may have to spend bringing it up to spec (4 new tyres, a service, some bodywork, MOT etc - soon adds up)
c) The £1000 they are likely to lose on depreciation whilst its been sitting on the forecourt.
d) The £500-£1000 they are going to have to add to the trade in so they don't insult you.
 
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The Pan Man

The Pan Man

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Good reply from you J Berks

If that is the case then I will be running it until it will sell easy in the private sector and then beat up a dealer for a deal with no PX.
Just serviced 4 michelins 25% used, needs interior valet to make sparkle other than that no work required. No rips tears or scuffs scratches dinks or dents any stone chips get touched in as soon as discovered.

I colud offer it For Sale on here but then I would have to find a car if it sold, I suppose I could hire one until I found the car I want.
 

HiHoSilver SLK

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Buy and sell to Trade or Private?

I too am in the early stages of a change in motor car, I love to think I've got the best out of a deal (don't we all?) but this issue of valuation is a tricky one.

What are the thoughts and experiences of members on this route; sell the car privately and get a better price than dealers trade in price offer then be a cash buyer - looking at a private buy - which seems to me usually better than the dealers, as no huge profit is sought????

Also what about the mechanics of paying for and collecting large sums of money - don't like the idea of a siutcase full of £50 notes??

p.s. I'm aiming to change from an '01 SLK 230 to an '05or '06 SLK 350 - ooooooooooooooooooooooooh! I'm so excited.
 

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There's no straight answer to accurate values, as there is'nt any .... the trade uses glass's, and cap .......as a guide only ............. some models in some areas, by some dealers will be highly sought after, or avoided like the plague ........

The bottom line, is your vehicle, is worth, what someone is prepared to pay for it !! ..... you then decide if the deal is right for you .................. don't get bogged down in what you think it's worth .......... that way, you'll never sell it, or if you do, you'll have a bitter taste in your mouth
 

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I used webuyanycar.com to get an idea. It seemed to tie in with what I was being offered for my Volvo S60 by dealers so was quite a good benchmark. I have also heard the same from others.

Dave
 

merc7

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i sold a car few years back from a local independent reputable garage for a set fee was a good experience ,also had an excellent deal for my new car then(ie not trade-in),however maybe i am lucky i had always good prices for my cars,u can have an idea by comparing few dealers what they willing to pay to the book prices
 

Alex M Grieve

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I found that their on line quote was 10%-20% more than I have been offered by the MB dealers

Agreed. I gave them a try as a benchmark and was pleasantly surprised. Bear in mind that their offer includes the rebate for your tax disc (says so in the quote) so there may be other fine print to be read - I did not go that far.

As for merc7, I went to the garage at the end of our road and asked them about selling two Peugeots I had (the kids' cars - they wanted the money).

After a cup of coffee and about 10 minutes chat, he offered to sell them for me for either a £200 fee for each or, if work had to be done on the cars to bring them up to the buyer's requirements, he would do the work, take profit on it and waive the £200 fee.

That was a few years ago and the numbers would be different today, but the process still works and worked within days in each case with no advertising, no time wasters, no financing issues (dealer probably made money on that too) and no worries over other people's trade in problems.

Simples, Tch!
 

J400uk

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It really does depend on the car, theres no valuation guide that fits all cars. Webuyanycar for example will offer the best prices for run of the mill stuff they can easily sell on, like a 1.6 diesel mid range Golf or Focus 5dr hatch. For more specific cars they can offer crap money. The other thing to bear in mind is recently they have started pumping up there valuations, and then bringing the price down significantly when you get there. Earlier in the year they used to offer much worse valuations relative to the price guides.

When part exchanging with a dealer the figure to watch out for is the cost to change. What you get offered as a P/X allowance will depend how much margin they have on the car they are selling you, and whether the vehicle you are part exchaning can be sold on by themselves or will need to be sent to auction or a trader. Don't be surprsied that if you negociate a really good P/X price that they refuse to discount on the sticker price of the car your looking to buy, and likewise if you negociate a really good price on the car your buying they will offset this by offering you crap money on your car.
 
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