Car Trade-ins

I’ve known a few people in the last year with 1-2 year old cars trading them in for near identical, slightly newer version of the same car and being given about 2k-3k too.

Any idea what the script is with that? Is it to do with getting more finance deals done?

 

I traded mine in a few months ago and pretty much got what I paid for it a year earlier. There was a shortage of silicon chips so garages were struggling to get any new cars as they weren’t being produced to match the demand, so it was driving the price of second hand ones up. Not sure if they are still having as much trouble now.

 

Aye I've been tempted the last few months.

Paid 13,200 for my car in October 2020 and with their usual 500-750 quid top up for trading in, I'm able to get the 13k back if I trade it in.

Bought the car with a bank loan, so no finance to any dodgy companies and could pay off whats left on the loan and have a few k spare.

Only thing that stops me is 1. Getting to the mainland and 2. Would I be saving/getting much better without spending more monthly to pay the loan back. Doubtful.

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I checked start of the year and yeah was getting back exactly what I paid for (maybe even 200 more) when getting their bonus.

Checked about a week ago and it's maybe 300 less now, but not sure if that's the miles I've done or just the situation easing a little.

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What were you checking it on mate?

 

Arnold Clark mainly

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Is there anyway of actually coming out on top when it comes to trading in and securing a newer car?

Mrs was thinking of trading in, but it feels as though any advantage of selling just now is going to be negated by the higher costs of buying.

 

Depends who it is really I used cinch pretty sure my bmw was on its * the smells coming from engine bay were not good guy can picked it up dropped off new car went over it never said * all took it away they don’t give a * if your swapping for hp or pcp the old cars just getting slammed in auction next day

Think where they do go over it extensively is if your trading for cash


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Tbh I don’t think they will care they don’t sell cars for small margins they will made money commission from selling the finance


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First rule about buying cars. Never trust a salesman.

They aren't making £200 margin on a car without looking at the trade in.

 

New car prices are through the roof.

List prices have increased significantly and discounts are massive reduced.

Manufacturers are reducing volumes of production and concentrating on margin. That's why profits are really strong(including record profits during CV19)when new car sales are low.

 

We only lost about a grand over 3 years because the used prices were so high. That included £750 cashback.

New car we got was back in after a week to get the gearbox stripped and about a week after that I got a speeding charge through from some police force down in England for our old car. 5 weeks with a courtesy car waiting on ours to get sorted.

They're selling that fast that they're obviously doing the bare minimum before punting.

 

List prices are higher and discounts on new cars are much lower than normal.

Selling privately is the best thing to get a good price, but it's not easy. So many bad buyers.

Some of the car buying services might offer you a good price. Many are really random at times.

They aren't selling that fast. Dealers are sitting on stock and waiting for strong prices.

The dealer checks are never that great. They all talk about checking hundreds of points, but they often don't. They avoid fixing faults or wear and tear parts that need replaced if they can get away with it.

Faults within a gearbox aren't always obvious. It could have been a sudden failure.

 

Definitely selling fast. Maybe certain cars but some are. Everytime I looked at one, it was away within days. That was in January though.