Recent Car Trade prices

Dolby

Dolby

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I had heard that due to slow cars sales etc, the garages are offering you below what the trade says in the book - but I was shocked at what they do offer!

2006 Toyota RunX RSI ; 47,000km ; new price was R200,000 and they offered me R118,000. The book says R132,000 so I'd hoped for R10,000 more at least. A year ago trade was R142,000 and they offered me R140,000 which was alright!

My old RSI was traded almost 3 years back for R40,000.00 - R2,000.00 less than book for a 1997 model, 125,000km on the clock.

I'm now not even getting 3 times that :(
 
Yea but I didn't expect it at almost half :/

And that's only because they thought alot more than that and tried to assist. The salesman said if they know you own less, they'll offer you much less.
 
Yip unfortunately the second hand car market is dead at the moment, luckily I wrote my car off into a tree so did not have to try sell it :) cause I would have lost about R80k installments were killing me with all these interest rate hikes, now looking for a bargain in the second hand market there are a few out there as dealers need to try clear stock.
 
I was looking at an S3 at the garage that was already sold at R320,000. When he mentioned how bad the market was, I asked out of curiousity what the S3 owner received : he got R280,000 apparantly!

He told me about a guy last week that had a BMW Z4 and was offered R200,000 - and trade was sitting at R280,000 AND he owed R380,000 ...
 
I went to trade in my dads prado , the trade is 285k , they offered me 180k!
i felt so **** cos the prado is is good nick and well look aftered and this salesman wants to give me peanuts for it and he was probably going to sell it for 290 .
i was trading it in for the new grand voyager , the salesman wasnt very good , only wanted to screw me on the trade in and the new price .
he was willing to give us a 2 % discount on the new voyager saying that they dont give discounts on new models.
so i gave him a little bit of his own medicine , i went on to the chrysler website , emailed every dealer the spec of the car i want and whats the best they can give me .
i got a few that were giving NO discounts , and 1 dealer in a little town that was willing to give me 8 % !!
then i really made the salesman run around , i made him bring the voyager a few times , telling him i want to show my mum , then to show my aunt , then he brought a few different colours , at the last minute i told him i bought 1 elsewhere.
thats how its done folks :)
 
MAGANGAT said:
i felt so **** cos the prado is is good nick and well look aftered and this salesman wants to give me peanuts for it and he was probably going to sell it for 290
Click to expand...

Yup - I thought to myself that if he needs to offer me lower on the trade in, ten he should SELL it lower to the next person AND sell the S3 lower too :/
 
MAGANGAT said:
I went to trade in my dads prado , the trade is 285k , they offered me 180k!
i felt so **** cos the prado is is good nick and well look aftered and this salesman wants to give me peanuts for it and he was probably going to sell it for 290 .
i was trading it in for the new grand voyager , the salesman wasnt very good , only wanted to screw me on the trade in and the new price .
he was willing to give us a 2 % discount on the new voyager saying that they dont give discounts on new models.
so i gave him a little bit of his own medicine , i went on to the chrysler website , emailed every dealer the spec of the car i want and whats the best they can give me .
i got a few that were giving NO discounts , and 1 dealer in a little town that was willing to give me 8 % !!
then i really made the salesman run around , i made him bring the voyager a few times , telling him i want to show my mum , then to show my aunt , then he brought a few different colours , at the last minute i told him i bought 1 elsewhere.
thats how its done folks :)
Click to expand...


nice one;)
 
Dolby said:
I was looking at an S3 at the garage that was already sold at R320,000. When he mentioned how bad the market was, I asked out of curiousity what the S3 owner received : he got R280,000 apparantly!

He told me about a guy last week that had a BMW Z4 and was offered R200,000 - and trade was sitting at R280,000 AND he owed R380,000 ...
Click to expand...

So this dealer told you he made 40k of the poor S3 owner?
Trade ins are negotiable always... its who you know, they cant and shouldnt give you less than book value, only if you desperate youll go for it.
I bet if you go Audi tell them you want a S3 new or used, you could get more from them....

But then again its a RunX Rsi, not a big market for cars like that unfortunatley.
 
JK8 said:

So this dealer told you he made 40k of the poor S3 owner?
Trade ins are negotiable always... its who you know, they cant and shouldnt give you less than book value, only if you desperate youll go for it.
I bet if you go Audi tell them you want a S3 new or used, you could get more from them....

But then again its a RunX Rsi, not a big market for cars like that unfortunatley.
Click to expand...

hahaha
 
He's always got to get his little anti-RSI dig in, eh ;)
 
Sorry Dolby Digital, i have to go with JK. Look toyotas are good cars, reliable cars as my father used to say. But a RunX Rsi is some what a Hot Hatch according to toyota.

But then again its a RunX Rsi, not a big market for cars like that unfortunatley. ;)
 
Nah ... he has a point - I know they don't sell well. But do you know what I've never understood? Why are they disliked ...

Performance wise its comparable with other 'performance' cars

Its a Toyota so it's reliable

Its almost the same price as everything else - and also came standard with all the bells and whistles.

It includes a 5yr/90,000km service plan as standard.

Where is the negative? Styling i'd guess?
 
Sales are pretty bad, but still the banks are unwilling to negotiate! An idea or two:

Banks, instead of taking 7000 cars back per month, give the vehicle owners a lower interest rate for the interim. It does not make sense at all that you as a bank end up with 100 000 cars in your stores instead of getting an installment at a lower interest rate? I see GREED written all over this.
 
LottaFun said:
Sales are pretty bad, but still the banks are unwilling to negotiate! An idea or two:

Banks, instead of taking 7000 cars back per month, give the vehicle owners a lower interest rate for the interim. It does not make sense at all that you as a bank end up with 100 000 cars in your stores instead of getting an installment at a lower interest rate? I see GREED written all over this.
Click to expand...

Wonder if they'll still be raising new car prices?

Ja, as businessman I'll offer the client a product at a lower price just to get rid of old stock... they'll end up with brand new cars they'll be unable to sell as people will rather buy new cars and not the vrot new cars which have been sitting for months...

Will have to see what'll happen next, but it won't be pretty...
 
Dealers rape the customer, of that there is little doubt, however having said that I don't necessarily believe their profit margins are unreasonable. Of course I don't have any hard figures to back this up.

I've used aaautobay to sell a vehicle and the process was pleasant and the buyer got a good deal and I got more than I would have got from a dealer. I strongly recommend if sellers or buyers want to bypass the tyrannous dealer network then aaautobay is a relatively safe and reliable environment to conduct business. They get commissions on successfully brokered deals but I promise you not the same sort of commissions dealers are taking...

With times as tough as they are at the mo, dealers will over between 10-30% LESS than trade which is a hiding...
Dolby said:
was looking at an S3 at the garage that was already sold at R320,000. When he mentioned how bad the market was, I asked out of curiousity what the S3 owner received : he got R280,000 apparantly!
Click to expand...
Unlucky!!! 280k? mmmmm... I wonder.... Did you check out the silver S3 at Northcliff Audi? 315k with heaps of worthwhile extras...
 
Last edited:
The Silver was gone by yesterday :/
 
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