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Current trade in values

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Old 01-18-2010, 09:10 AM
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Default Current trade in values

I just went to my local dealer to get a trade in price on the S2000 and I was expecting a poor value but didnt quite realise how bad.

Checked What Car valuation and it came out at around £11k on trade in. My car has a few scratches, new rear tyres, just been serviced etc. They offered me £9000, I thought I would ask for a better price and they came back and said that the Honda dealer in their group would only pay £8500!

I know im not going to get £11k but I really didnt expect that! Might as well hold onto the car for the moment I think, or maybe half-heartedly put it up for private sale.

Is this the dealer trying it on or is it typical in other owners experience?
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Old 01-18-2010, 09:13 AM
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Stump up for membership and sell it on here.

You may very well get your asking price.

£11K for an 05 should be snapped up.


Condition, mileage etc???
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Old 01-18-2010, 09:13 AM
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Mileage?
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Old 01-18-2010, 09:18 AM
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thats stupid.. makes mine worth about 50p ! and i know mine is worth at least 7k to sell...
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Old 01-18-2010, 09:23 AM
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47k on the clock. Slight scratches on the rear and a small hole in the soft top. The dealer didnt notice the hole which is even more annoying considering the price! Alloys are a little scraped up thanks to the previous owner (but nothing you wouldnt expect with a 4/5 year old car).

Anyway I think im going to just give it some TLC and keep running it for the moment. I presume it can only lose another 4k or so before it hits a floor in the price anyway?
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Old 01-18-2010, 10:24 AM
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Originally Posted by Gaspode,Jan 18 2010, 07:13 PM
Stump up for membership and sell it on here.

You may very well get your asking price.

£11K for an 05 should be snapped up.


Condition, mileage etc???


Not exactly a high seller this time of year
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Old 01-18-2010, 10:28 AM
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you'll rarely get a good deal trading in. I was offered 4200 for my 3-series, i sold it privately the following week, the morning I advertised it for sale, for nearly 7k.
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Old 01-18-2010, 11:05 AM
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The low trade-in price doesn't necessarily represent the value of the car but probably the dealer's reluctance to take on a part-ex, what he's selling to you (you need to look at the whole package, not just the trade-in price) and how reckons it will make for him.

I'd agree - sell privately to find out what its worth on the open market, but wait until the weather picks up.
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Old 01-18-2010, 11:20 AM
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This is beginning to look a bit like a "For Sale" Thread, particularly with the details being asked for, so I'm closing it, especially as the question has now been answered.
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