Joke values on my car

It is crazy how prices go, but supply and demand.

I just traded in my 1.6 polo 2006 comfort line with 165k km, for R54k. It did however have full service history book and I had just spent 4k on the 165k service + new back brakes.
 
Dealers will lowball you hard certainly...but they know their stuff - its what puts food on their table. So take their offer, add 30% and list that. This disconnect between they offering 24-26 and you wanting 50+ is not normal...one of those numbers is very wrong.

I rate 35k private sale. Much less with access to the cars history / your post history.

nakedpeanut said:
I just traded in my 1.6 polo 2006 comfort line with 165k km, for R54k
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Don't think a polo comfort line is in the same class as a picanto base model though? The older VWs cope pretty well anyway. I had an ancient one & that thing was built like a tank. Glad I never had a crash in it (no safety feature/crumped zones)...but built like a tank. Same for the old mercs...over-engineered like hell.
 
That is true. I was thinking along the lines of depreciation %.
What would the picanto cost new in 2010?

The polo was 147k (with maintenance) so it retained over 36% of its value after 9years. Obviously a good service history and clean car play in your favour.

HavocXphere said:
Don't think a polo comfort line is in the same class as a picanto base model though? The older VWs cope pretty well anyway. I had an ancient one & that thing was built like a tank. Glad I never had a crash in it (no safety feature/crumped zones)...but built like a tank. Same for the old mercs...over-engineered like hell.
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Dealers will obviously subtract every little issue from trade to get to the offer price so as to cover themselves. Its all about minimizing risk at the end of the day.

I know I would never buy a car with no service record unless it was dirt cheap and I had some change to fix it if required.
 
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OP - you may be reading my advice and that of others, but it is obviously going straight over your head, and you are stuck on the fact that you should be getting your money back.

Read the following very slowly, so it sinks in:

YOU...........WILL..........NOT..........GET.........YOUR...........MONEY.......BACK!!

You will have to suck it up, put on your big boy panties, and take the loss, and hopefully buy something else that isn't a lemon. Just because it's a Kia, doesn't automatically mean that it will walk off the car lot - I have just remembered that we sat with a Picanto for 8 or 9 months, and NOBODY wanted it, even though it appeared to be a sweet little car. We eventually sold it for less than we paid for it, just to get it off our books.

I wish you would listen and stop complaining, this is now getting frustrating.
 
eg2505 said:
To breifly answer your question, yes car was a ex rental from europcar, was financed by mfc
My understanding was car was repod from someone,
Dont got a lot to go on to try track down the original book,
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These are pretty key points. This will devalue the car massively to anyone who knows the history. Next to being a code 3 (previously written off by insurance), being a rental is the 2nd biggest devaluing factor. I wouldn't touch a previous rental as they have typically been driven badly. After all, nothing revs like a rental...
Being a repo would also be quite a large devaluing factor as if a person couldn't afford the payments, they probably couldn't afford the upkeep. Repos are a massive gamble, hence the prices are quite low at auctions.

If the dealer knew that the car was previously a rental and it was repo'd, then I would say their offer was actually quite generous.
 
Lol @ trying to make your money back.

Rather drive it OP. Drive it into the ground.
 
eg2505 said:
I'd agree, yes cars depreciate, but sure its possible to get some nice compramises,
I mean isn't it 20% for each year?
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When bought as an asset by a company they may depreciate at 20% per annum for tax purposes, but there is no hard and fast rule for second hand selling price. It's market driven, supply and demand, and quite frankly the market isn't demanding what you are supplying.

As Fazda and others have said - you will not get your money back. Not unless you find a sucker who knows even less about cars than you do, and if you do that, he will want to sue you quite soon after realising what you've sold him. And hopefully you'd be unable to sleep at night. Either take the offer or drive it till it stops.
 
well look I do appreciate what everybody saying;

option still open to me to sell on gumtree and see what I get,
I mean my dad sold a ford escort station wagon in the 70's with the gearbox held on by bailing wire,
only had 2nd gear working, but after fixing it very badly worked for a very short time......

so maybe ill find a nice little sucker and get rid of the car quickly and at a resonable cost, if I get 45-55K for it ill be quite happy;
at least it wont sting so much;
and Ill recover what I can from it;

you live and you learn I suppose,
 
Fazda said:
OP - you may be reading my advice and that of others, but it is obviously going straight over your head, and you are stuck on the fact that you should be getting your money back.

Read the following very slowly, so it sinks in:

YOU...........WILL..........NOT..........GET.........YOUR...........MONEY.......BACK!!

You will have to suck it up, put on your big boy panties, and take the loss, and hopefully buy something else that isn't a lemon. Just because it's a Kia, doesn't automatically mean that it will walk off the car lot - I have just remembered that we sat with a Picanto for 8 or 9 months, and NOBODY wanted it, even though it appeared to be a sweet little car. We eventually sold it for less than we paid for it, just to get it off our books.

I wish you would listen and stop complaining, this is now getting frustrating.
Click to expand...

no It makes sense fazda, and yes I see some picantos being sold for next to nothing sometimes;
so makes sense I now have a lemon im trying to get rid of and its not working as should be;

look as always appreciate the tough love, suppose you live and learn next time dont buy from auction and definetly not ex rental;
 
eg2505 said:
option still open to me to sell on gumtree and see what I get,
I mean my dad sold a ford escort station wagon in the 70's with the gearbox held on by bailing wire,
only had 2nd gear working, but after fixing it very badly worked for a very short time......

so maybe ill find a nice little sucker and get rid of the car quickly and at a resonable cost, if I get 45-55K for it ill be quite happy;
at least it wont sting so much;
Click to expand...

Disgusting. :wtf:
 
Brawler said:
Disgusting. :wtf:
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alternative is to drive it until it falls apart;
and then what? whole point of this was to eventually upgrade to something better, and avoid taking finance if I can;
personal loan and buy cash is the best if its possible;

so not drive it until its worthless, but get rid of it in time before the really expensive repairs start to mount up;
I mean ECU was very pricey; the entire engine is only 10K and kia quoted me 12K for this little computer box,

Ive obviously kept the car for too long; and its time I get rid of it with at least a reasonable loss
so Im hearing many different things, and its about time I look at gumtree and so on and try get rid of it that way;

yeah its not the nicest way to do business, I do agree, and I wont sleep well with it at all;
but what else should I do? fake a hijacking? :p
 
Are you 100% sure the ECU was faulty... Usually the braindumped stealerships use this as the first port of call when they are not exactly sure what is wrong with the car.
 
I'm in a similar boat: I'm planning on leaving for the UK in a few weeks, and have to start selling everything - my car included. It's a dusty 2006 Honda Jazz 1.5i with 135000km on the clock. I bought it in 2008, have the service book, but never got round to taking it in for one - the extended warranty expired, too, and Honda services are hellishly expensive. I was involved in an accident in it - went off the road when I hit a gravel patch. All repaired and good to go, though. I still owe money on it, as I was retrenched in 2012 and had to refinance the car to keep it. It needs some cosmetic TLC, but is a dependable little car and gets me where I need to go.

TL;DR: I'm making peace with the fact that whether or not I sell it privately or to a dealer, I'll probably not even break even on what I owe. :(
 
The Voice said:
I'm in a similar boat: I'm planning on leaving for the UK in a few weeks, and have to start selling everything - my car included. It's a dusty 2006 Honda Jazz 1.5i with 135000km on the clock. I bought it in 2008, have the service book, but never got round to taking it in for one - the extended warranty expired, too, and Honda services are hellishly expensive. I was involved in an accident in it - went off the road when I hit a gravel patch. All repaired and good to go, though. I still owe money on it, as I was retrenched in 2012 and had to refinance the car to keep it. It needs some cosmetic TLC, but is a dependable little car and gets me where I need to go.

TL;DR: I'm making peace with the fact that whether or not I sell it privately or to a dealer, I'll probably not even break even on what I owe. :(
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What do you owe?
 
The Voice said:
I'm in a similar boat: I'm planning on leaving for the UK in a few weeks, and have to start selling everything - my car included. It's a dusty 2006 Honda Jazz 1.5i with 135000km on the clock. I bought it in 2008, have the service book, but never got round to taking it in for one - the extended warranty expired, too, and Honda services are hellishly expensive. I was involved in an accident in it - went off the road when I hit a gravel patch. All repaired and good to go, though. I still owe money on it, as I was retrenched in 2012 and had to refinance the car to keep it. It needs some cosmetic TLC, but is a dependable little car and gets me where I need to go.

TL;DR: I'm making peace with the fact that whether or not I sell it privately or to a dealer, I'll probably not even break even on what I owe. :(
Click to expand...

What do you owe?

Edit - what were the repairs?
 
eg2505 said:
well look I do appreciate what everybody saying;

option still open to me to sell on gumtree and see what I get,
I mean my dad sold a ford escort station wagon in the 70's with the gearbox held on by bailing wire,
only had 2nd gear working, but after fixing it very badly worked for a very short time......

so maybe ill find a nice little sucker and get rid of the car quickly and at a resonable cost, if I get 45-55K for it ill be quite happy;
at least it wont sting so much;
and Ill recover what I can from it;

you live and you learn I suppose,
Click to expand...

Yes you will hopefully learn something every time you make a mistake.
However in life, you should rather learn from other people's mistakes and advice.
You sell that car privately and be in for a hell of a time with the buyer.
 
Sonic2k said:
Are you 100% sure the ECU was faulty... Usually the braindumped stealerships use this as the first port of call when they are not exactly sure what is wrong with the car.
Click to expand...

well , it wasnt starting and no light that show the check engine and immobiliser in yellow;
on my original ECU, changed it, to another faulty one, and now on ECU no 3 and it works,

and it sat for a week at a auto electricain who didnt understand what happened; and coudnt fix it;
so went to kia sat there for a month nd a half waiting for parts;
 
eg2505 said:
well , it wasnt starting and no light that show the check engine and immobiliser in yellow;
on my original ECU, changed it, to another faulty one, and now on ECU no 3 and it works,

and it sat for a week at a auto electricain who didnt understand what happened; and coudnt fix it;
so went to kia sat there for a month nd a half waiting for parts;
Click to expand...

I am willing to bet the ECU wasn't faulty, and something else was the cause, that got inadvertently fixed on the third attempt
 
I am disappointed.

To openly admit that you will happily rip some poor sucker off is NOT cool.

And we moan about dealerships! :rolleyes:
 
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