Question about financing and trade-in

K

Kloofvreter

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I am sure someone here knowledgeable about the car scene could help me out here. Say I've got a 2004 BMW 320d E46, good condition with 156,000km's on the clock. Settlement amount is R50,000. I want to trade it for a car to the value of R125,000. Anyone know what kind of deposit I am looking at with this trade? And what the monthly installments on financed part of the amount would be more or less at about prime+2?
 
You might get R70k tradein on your vehicle (i'm assuming of course so I could be very wrong)
 
Why not use those websites that you pay like R25 for an indicative market value of your car? AFAIK I think transunion runs one?
 
IzZzy said:
Why not use those websites that you pay like R25 for an indicative market value of your car? AFAIK I think transunion runs one?
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I'm just looking for a ballpark figure. I refuse to pay to find out the value of my car.
 
johnomonn said:
I had gone through the posts. According to my knowledge, There is not much difference between trading in the old car at a loss and having the dealer finance a new car without a trade in. Could you please produce some more attachments about the topic for view detail information.
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Your post makes no sense and links to USA sites are not likely to be of benefit to the OP from Cape town.
 
Slootvreter said:
I'm just looking for a ballpark figure. I refuse to pay to find out the value of my car.
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I just had a look at their site - R10 for a report...but...they want email/phone/ID/address etc. etc. etc. So very obvious that it is a data mining exercise. Definitely not spending 10 bucks to get properly spammed afterwards... :(
 
BMW 320D (E46) F/L 6SP 2004
Market 78150
Retail 84800
Trade 71500

BMW 320D (E46) F/L AUTO 2004
Market 84650
Retail 94000
Trade 75300
 
Velenoso said:
Book value doesn't mean much. Check about 10 similar vehicles on Gumtree and take the average?
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Doesnt work that way, the car dealers will take the book value as a "base" then add or subtract based on the condition of your car including mileage.
 
fonoi said:
Doesnt work that way, the car dealers will take the book value as a "base" then add or subtract based on the condition of your car including mileage.
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They pretty much all subtract nowadays, for the warranties and stuff they have to hold now thanks to the CPA
 
ToxicBunny said:
That site is beyond bonkers with its valuations....

Its valued my car at R185k when i KNOW the book is about R80k.
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Your 2011 HYUNDAI i10 1.2 GLS AT with a mileage of 10000km has an estimated book value of:

R119,783


The estimated trade in value of your car is between:
R96,725 - R106,906

The estimated retail value of your car is:
R130,863 - R144,638

Something isn't right because: The Recommended Retail Price New is R124900.
 
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