If anyone has a good feel for the current market conditions, then any specific pointers for the model below, or the market in general would be apppreciated.
I'm looking for a 1 year old V2 190bhp 4DRIVE model, and I'm a bit confused by the Autotrader prices.
Found one I like the look of, a 23 plate, with less than 4000 miles, priced at £28.5k - Autotrader says it's below average price, giving it a "Great Price" sticker.
However when I put this car's reg number into Autotrader's "Value Your Car" for a trade-in value then it gives just £23.5k.
Surely one of these 2 numbers is wrong, dealers aren't making £5k on a £23k car are they ?? I mean I understand they need to make a profit, prep any scratches to bodywork, alloys, etc (which should be minimal on a car less than 1 year old), but that's a 21% markup which seems excessive.
I know the 2nd market has been all the over the place the last few years, I've not bought a car since 9 years ago, so I'm a bit lost as to what I should be aiming to pay.
Are Autotrader's "Value Your Car" valuations very pessimistic and in practice you'd get more for a trade-in ?
It's valuing my current car at just over £6k, so going by their prices that would be about £22k to change, if I could get that down to nearer £20k then that would be a lot better, but I don't know how realistic that would be.
I'm looking for a 1 year old V2 190bhp 4DRIVE model, and I'm a bit confused by the Autotrader prices.
Found one I like the look of, a 23 plate, with less than 4000 miles, priced at £28.5k - Autotrader says it's below average price, giving it a "Great Price" sticker.
However when I put this car's reg number into Autotrader's "Value Your Car" for a trade-in value then it gives just £23.5k.
Surely one of these 2 numbers is wrong, dealers aren't making £5k on a £23k car are they ?? I mean I understand they need to make a profit, prep any scratches to bodywork, alloys, etc (which should be minimal on a car less than 1 year old), but that's a 21% markup which seems excessive.
I know the 2nd market has been all the over the place the last few years, I've not bought a car since 9 years ago, so I'm a bit lost as to what I should be aiming to pay.
Are Autotrader's "Value Your Car" valuations very pessimistic and in practice you'd get more for a trade-in ?
It's valuing my current car at just over £6k, so going by their prices that would be about £22k to change, if I could get that down to nearer £20k then that would be a lot better, but I don't know how realistic that would be.