Quizzes & Puzzles9 mins ago
Trading In Car Against New One
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My 2014 car is selling at an average price of £10,000. I approached my local garage to see how much extra i would have to pay if i traded it in against a brand new model which costs £17,500. He quoted me £9,500. Would that be a reasonable amount or am i being ripped off?
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For more on marking an answer as the "Best Answer", please visit our FAQ.TWR - he asked how much extra he'd have to pay, not how much he would give him for it. £9500 extra to pay is £8000 for the car, a shortfall of £2000 from the average selling price. Bear in mind the dealer will give a warranty and also have to pay VAT on his profit. On top of that, if it's a main dealer (he's buying a brand new car) a 2014 vehicle may be too old for him to put on his forecourt and he may just send it off to auction.