Selling or trading in a vehicle

[Speedster]

I'm helping a friend who is considering selling two vehicles. I realise they'll get more selling them out of hand (assuming they can find a buyer), but was just thinking through the options. How do trade-ins work (ito pricing, that is)? If they trade-in on another second-hand vehicle, are they able to negotiate more discount with the dealership? The one is a 2005 Isuzu KB (450k km) and the other a Mitsubushi ASX (130k km).

i.e. apart from selling on autotrader etc, which option is likely to be the best option?

1. Sell to specialist Isuzu and Mitsubishi dealerships and buy a replacement from a specialist dealer.
2. Trade-in both vehicles at the same dealer where they're buying.
3. Webuycars
4. Other

 

[WAslayer]

Selling privately will yield the best results.. Dealers want and need to make money off of any vehicle traded in and would never pay the same money a private buyer would, for that reason..

The Isuzu is unlikely to be wanted by most dealers, too old and too many km's.. The ASX stands a chance of being more valuable to a dealer..

Sell Isuzu privately, use money as deposit and ASX as trade(purely because it's effortless compared to selling the ASX privately) in on new vehicle..

 

[Illegal Allien]

Try Webuycars, in my personal experience their offer was a good 10% more than the next best offer. Whole experience was quick and painless.

 

[airborne]

It's a sellers market at the moment.
Just get offers from as many people as possible, the trade in offer from the dealer, Webuycars and their numerous competitors. You'll be surprised at the different offers you'll get.

Obviously a private sale is the best and can get you a pretty solid amount more than the car dealers, it's not particularly risky either as long as you do it by the book.

 

[Speedster]

Thanks. Much appreciated

 

[pinball wizard]

It's a sellers market at the moment.

Um... Petrol price hike, rate hike around the corner, people being downsized at work left, right and center. I'm not certain that leads to a sellers market.

 

[airborne]

Um... Petrol price hike, rate hike around the corner, people being downsized at work left, right and center. I'm not certain that leads to a sellers market.

Clearly you don't know what you are talking about, perhaps better to keep quiet sometimes..

2hnd vehicle prices are insane currently, apparently due to the new vehicle shortage due to lack of chips. I've heard of more than a few instances of people selling 5yr old vehicle's for more than they paid for them new. It's more on newer model vehicle's but it's even filtered down to cheaper older cars.

 

[pinball wizard]

Clearly you don't know what you are talking about, perhaps better to keep quiet sometimes..

Ok.

I just bought a car this morning and traded one in after weeks of looking at all the options and figures. Several dealers had a glut of stock and were keen to do a lot to get a deal done. But you go girl.

 

[UrBaN963]

I would try the webuycars route, only add in weelee.co.za as well. You can play the offers against each other, but it's good to have options either way.

 

[UrBaN963]

Ok.

I just bought a car this morning and traded one in after weeks of looking at all the options and figures. Several dealers had a glut of stock and were keen to do a lot to get a deal done. But you go girl.

What did you get and why haven't we seen pics yet?

 

[ShaunSA]

Ok.

I just bought a car this morning and traded one in after weeks of looking at all the options and figures. Several dealers had a glut of stock and were keen to do a lot to get a deal done. But you go girl.

Pics or gtfo

Not of the girl. Of the car! In case you misunderstood me

 

[notayoba]

I found private selling to be quite a mission. You'll definitely get more, but some people seem to think you are responsible for that car years down the line.

Be careful who you sell to and manage their expectations. Once had a guy phone me almost 2 years after I sold him my car, told me the battery is dead. Suggested I should be paying for a replacement. I thought he was joking.

In another example I sold an almost 10 year old bike to someone. Roughly 8 months later the dreaded phone call. The fork seals started leaking. The guy actually got properly grumpy about it. WTAF do people think when they buy a 2nd hand vehicle is beyond me.

Since then I only sell to a dealer. I just cannot people anymore.

 

[PsYTraNc3]

In order of what gets you the most money
1) Selling privately
2) Trade in
3) Selling to a dealership as non trade in

 

[rodga]

In order of what gets you the most money
1) Selling privately
2) Trade in
3) Selling to a dealership as non trade in

You forgot to add insurance write off lol

 

[PsYTraNc3]

You forgot to add insurance write off lol

we have a new #1 (If insured for retail value)

 

[airborne]

Ok.

I just bought a car this morning and traded one in after weeks of looking at all the options and figures. Several dealers had a glut of stock and were keen to do a lot to get a deal done. But you go girl.

I'm sorry to hear no one wanted your Citroen Karen

 

[JSparrow]

I am in the motor industry and the used car market is insane these days. Everyone is looking for stock. So much so that the dealership is starting to pay the sales people R500 per trade in vehicle just to get extra stock in.

I traded in a 2010 Opel Corsa 1.4 Essentia last week with 176 000km. Book value was R76 000. The customer got R65 000. Normally cars over 150 000km get about just over half of book value. The Corsa was sold the same day that it came in for R94 900 although there are still some repairs that we have to do to the vehicle.

Most dealers are selling used cars at 10 to 20% over retail price.

 

[airborne]

I am in the motor industry and the used car market is insane these days. Everyone is looking for stock. So much so that the dealership is starting to pay the sales people R500 per trade in vehicle just to get extra stock in.

I traded in a 2010 Opel Corsa 1.4 Essentia last week with 176 000km. Book value was R76 000. The customer got R65 000. Normally cars over 150 000km get about just over half of book value. The Corsa was sold the same day that it came in for R94 900 although there are still some repairs that we have to do to the vehicle.

Most dealers are selling used cars at 10 to 20% over retail price.

@pinball wizard Speak to us, I thought you would know better than to believe the lies dealers tell you, a glut of stock they said??