Trading In Car Against New One

[porkchop]

My 2014 car is selling at an average price of £10,000. I approached my local garage to see how much extra i would have to pay if i traded it in against a brand new model which costs £17,500. He quoted me £9,500. Would that be a reasonable amount or am i being ripped off?

[sapelesam]

Who is selling this type of car for £10,000, if it's a car sales business, they need to give a warranty and make a profit. If it's private, I would estimate £500-£1000 less.

[sapelesam]

As the cost to change is the most important factor, why not try a car buying company, We Buy Any Car, Evans Halshaw, and see what discount you dealer offers. Your cost to change may be less this way.

[TWR]

Make a stand for £10.000, if they want a sale they are not going to turn you away for £500, if they will not, walk away.

[woofgang]

ask him what the deal would be for a straight cash no trade in purchase...at the end of the day what matters is how much moolah you have to hand over along with the car....so he may be giving you a poor trade in but an excellent over all price or vice versa

[bhg481]

TWR - he asked how much extra he'd have to pay, not how much he would give him for it. £9500 extra to pay is £8000 for the car, a shortfall of £2000 from the average selling price. Bear in mind the dealer will give a warranty and also have to pay VAT on his profit. On top of that, if it's a main dealer (he's buying a brand new car) a 2014 vehicle may be too old for him to put on his forecourt and he may just send it off to auction.

[Zacs-Master]

Some people’s maths n logic are a bit dodgy. All porkchop is asking is, should they take £500 less than he thinks it’s worth.
My advice would be to ask for £250 off the new car and £250 more for the old one. Good luck.

[bhg481]

ZM - "I asked how much extra I would have to pay"
I understand that as being the dealer wanted his car and £9500 for the new car, not that he was being offered £9500 for the new car.