| Title: | Cars in the UK |
| Notice: | Please read new conference charter 1.70 |
| Moderator: | COMICS::SHELLEY ELD |
| Created: | Sun Mar 06 1994 |
| Last Modified: | Fri Jun 06 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 2584 |
| Total number of notes: | 63384 |
I'd just like a sanity check on this...
I assume that if I can afford not to part-exchange my existing car
when buying another one from a dealer, that in general it is not a good
idea to do so. The rationale for this being:
- You can probably get a higher price by selling the old car privately.
- If you fail to sell privately, you can always send it to an auction
and probably get at least what the part-exchange was going to be worth.
My own case is complicated by the fact that my old car's MOT runs out
in three weeks, so I basically need to take a guess as to whether the
"trade-in/auction price" is going to be greater than "private sale
price minus MOT pass cost".
Any comments ?
Trevor
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 1983.1 | Move it now, not later | UPROAR::DARRALLD | Dave Darrall, DECtrade , 769-8228 | Tue Jan 12 1993 08:55 | 12 |
With the MOT running out I'd trade in/auction now (reckon the trade in
is the simplier operation) and reduce any risks. Private sale might
have problems with little MOT Genuine people might not be interested,
people that would get the car throught the MOT would argue you down in
Price. Getting MOT could be costly.
Reckon your basic idea is a good one, trade ins are generally just
hassle for the dealer as he has to put them straight into auction
himself anyway. Gives you the same sort of discount for not having
this hassle.
DD
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| 1983.2 | Auctions are better for buyers | BLKPUD::WILLIAMSH | Tue Jan 12 1993 10:48 | 4 | |
With older cars, prices at Auction never reach what you would get
privately or in a trade in deal. (plus comission on top)
Huw.
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