Trade-in assist

Lol just yesterday Reba was going on about the pricing of the updated GLA 200 AMG Line, a snip under a million before options! A small MB crossover with a 1.3L for just under a mill before options! Are you jazz!

Give the vid, esp at the end, a skim.

 
Foxhound5366 said:
The way I see it, once my car becomes too old for banks to finance it, it is going to take another significant knock in value. Before it falls off that second cliff, I want to move into something new.
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You can finance a ten year old car, so you have plenty of time. Sounds like you want a new/different car, but you’re resorting to mental gymnastics instead of just saying it. Many people will say it’s a waste, but if cars are your thing then go for it, but at least wait until you can break even.
 
Foxhound5366 said:
The way I see it, once my car becomes too old for banks to finance it, it is going to take another significant knock in value. Before it falls off that second cliff, I want to move into something new.

The Polo was a wash: traded it in for what I owed the bank, and was happy enough to move on.

Don’t get me wrong, there’s not a massive shortfall at the moment with some of the better offers I’ve found, but I know I can do a little better and I’m holding out precisely because I’m not in a rush.

To think that some poor sucker goes into SMG Toyota Cresta and accepts an offer of R280 000 when WeBuyCars Dome down the road is offering R75 000 more … that’s sobering. WBC might not be ideal to buy from, but they at least offer values which aren’t pure extortion.
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Why not sell it yourself?
 
Foxhound5366 said:
Ford offers the best interest rate on a car I’ve seen, with zero deposit no less:
Three things about that deal: 1) Good luck when the interest rate climbs, you’re going to feel it more than somebody starting with an interest rate of twice that. 2) Car dealers aren’t dumb, they’ll factor the great deal you got into the trade-in price they one day offer you. 3) I can’t imagine paying R780 000 for a small crossover SUV. Yes it’s got all the modern toys at that level, but … even at the cash price of R614 000 it blows my mind. If they’re just scratching R130K off the retail price, that tells you how over-priced they know it is.
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Not a car, but BMW often has crazy low interest rates on their bikes:
IMG_0637.jpeg
 
Foxhound5366 said:
Are we gonna talk about the two year period? Imagine driving a vehicle with a shorter contract than your cellphone.
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They are very adjustable on this, what you see there is just the default.

You can of course just buy it outright at the end of the period.
 
SauRoNZA said:
Why not sell it yourself?
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As much as I hate being screwed over, there is a financial value to not having the risk of buyers going for a spirited test drive. And dealing with all the time wasters and hagglers. Never mind the risk of actual criminals. Some of the offers I got back for my car were daylight robbery, but no guns were involved so I’m here to post about it.
 
SauRoNZA said:
They are very adjustable on this, what you see there is just the default.

You can of course just buy it outright at the end of the period.
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What do you mean buy it outright? That’s a two year contract with no balloon, so after two years there is nothing to buy surely?
 
Foxhound5366 said:
What do you mean buy it outright? That’s a two year contract with no balloon, so after two years there is nothing to buy surely?
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Yeah I missed the 0% balloon, but was referring to it as if there was one.

But they are very flexible on these things, at least with the bike side of things, so may be worth an option and possibly better trade-in as well.

Sometimes they’ll massage it so that they don’t give you a higher trade-in on paper but instead discount add-ons to get to the same result.
 
Foxhound5366 said:
Ford Sandton: R320 000
BMW Sandton: R360 000
Weelee: “We really wanted to help you sell your car. But unfortunately, we couldn't find any better offers within your price range.”
Chery Northcliff: R340 000
WeBuyCars Dome: R355 000
SMG Toyota Cresta: R280 000

The search continues…

The interesting thing for me is that most dealers don’t offer values directly. They all do an evaluation and then put that out onto either a website or a WhatsApp group (no joke), and get back whatever offers they do.
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What’s outstanding on the car? KMs? For a 520i(?) these figures do seem a bit low. I’ll only be able to check Monday what trade and Retail is.

Chery/Omada will usually give you good money if you jump into one of their cars?

Edit : Saw the car details in earlier posts. Normally the price is dependant on KMs/Full Service History and people keen on the car. It would be helpful to find out what you owe on the car to better advise.
 
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Pho3nix said:
Omada is that price also. Why get a Vivo lol
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I can’t get onboard with a car that advertises that its interior lights have a “dance function”:
IMG_3604.jpeg
It does make me hella curious how that looks though. If you see Omoda drivers bopping and raving in the traffic, this will. E why.
 
Pho3nix said:
What’s outstanding on the car? KMs? For a 520i(?) these figures do seem a bit low. I’ll only be able to check Monday what trade and Retail is.

Chery/Omada will usually give you good money if you jump into one of their cars?

Edit : Saw the car details in earlier posts. Normally the price is dependant on KMs/Full Service History and people keen on the car. It would be helpful to find out what you owe on the car to better advise.
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How does what one owes on a car influence its value? I mean I know all sales guys ask that of course … and I wonder every time if any one out there says “Sir, you told us your bank settlement is R1 million but we’re going to offer you R1.5 million”. The second you share that value, that’s the maximum offer established and it’s just downwards from there, in my view.
 
Foxhound5366 said:
How does what one owes on a car influence its value? I mean I know all sales guys ask that of course … and I wonder every time if any one out there says “Sir, you told us your bank settlement is R1 million but we’re going to offer you R1.5 million”. The second you share that value, that’s the maximum offer established and it’s just downwards from there, in my view.
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Helps to give out the trade-assist offers which was what the OP was about?
If I see VW offering R15k but you need R150k it would be a waste of your time right?

Like I said, I'll see if I can get the trade + retail value for the car BUT you should also make peace that you won't sell it for the R200k in extra's.
I would also recommend trying to sell on BMWFanatics, they'll be able to advise on price also if it's a bit out of touch.
Looking at Autotrader, there are only 4 for sale. This is the closest in KM's https://www.autotrader.co.za/car-fo...315?vf=2&db=1&s360=0&so=1&pl=1&pq=0&pr=5&po=1 but might not have your extra's BUT less km's then your car.

Best advise would be to just drive the car until the wheels fall off.
 
Foxhound5366 said:
How does what one owes on a car influence its value? I mean I know all sales guys ask that of course … and I wonder every time if any one out there says “Sir, you told us your bank settlement is R1 million but we’re going to offer you R1.5 million”. The second you share that value, that’s the maximum offer established and it’s just downwards from there, in my view.
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Helps to give out the trade-assist offers. If I see VW offering R15k but you need R150k it would be a waste of your time right?

Like I said, I'll see if I can get the trade + retail value for the car BUT you should also make peace that you won't sell it for the R200k in extra's.
I would also recommend trying to sell on BMWFanatics, they'll be able to advise on price also if it's a bit out of touch.
Looking at Autotrader, there are only 4 for sale. This is the closest in KM's https://www.autotrader.co.za/car-fo...315?vf=2&db=1&s360=0&so=1&pl=1&pq=0&pr=5&po=1 but might not have your extra's BUT less km's then your car.

Best advise would be to just drive the car until the wheels fall off.
 
Regarding the short-fall being loaded onto another deal @Foxhound5366 , the finance manager will be creative with it. It can be done on demo vehicles under 20k km's if my memory is still apt but you will most likely have to take out a balloon still + you need to make peace that you will most likely need to live with that vehicle until you are done paying it off.

Might as well go find your forever car OR your next 8 year car and ask them to work something out for you.
 
My 2c here.. been there often because i don't keep my cars beyond 3-4 years, i get bored and i also don't want them to lose maintenance plan. I have 0 intention to buy parts for a car...

Firstly, you never get extras back. Always view extras as a "gift" to yourself, with no refund. Car A with R10k extras and exactly the same Car B with R100k extras are gonna be offered very similar trade-in values. My last Volvo had R228 000 of extra and they ignored them like they didn't exist on the trade-in... i expected that.

If you don't want to keep a car long, try a lease or GFV option. I like it because i don't want to keep my car and i don't see it as an investment i just want to pay to drive it, and one day it must go away.

That said, obviously some cars keep their values better. BMW's not too great - In 2015, I tried to trade-in a 2014 BMW 320i with 22 000km on the clock. It was spotless. Not a mark on the body.

2 BMW dealers offered me R300k below the new price and 1 dealership in the Northern JHB suburbs said it looks like the car had been rolled and re-built, and offered me R500k below new price lol hahaaha. I mean i never even bumped a door on it. Anyway, moral of the story is you will always lose because that's how they make their money. The lower they can get you, the more they make.

If you are looking for trade-in assist, some cars get deeper discounts because they don't push large volumes like Audi A5s, Mercedes C-classes, a few Chinese brands also offering a lot off like Tank 300 etc. Sometimes also they won't say they're giving trade-in assist, but will do so if you need it.

Ford does a lot of "interest-rate" discounts. So for example Car A costs R 200 000. With finance, they would make R100k on interest. They discount the interest and make R50k on the installment, and offer you the 50k as a discount, or trade-in assist etc. Just be careful though cause some of those interest rates are temporarily low and they climb...also prob won't allow a lease for that, only outright purchase.
 
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