Part Ex rip off!

[Three Leons]

I bought my 53 plate LC back in May for just under 7k but have just come into a bit of unexpected cash so was thinking about maybe, possibly, upgrading to an LCR . I went down to see one today and asked the garage what he'd give me part-ex for the LC - and he said 4k!! Now I know they have to make a profit but did he really expect me to accept a loss of 3 grand over 3 months!!

Good though the R was I think I'll stick with 180bhp for now. It makes you wonder why anyone would part-ex with a dealer.

 

[Skorchio]

Dont. Sell its privately and get an LCR. You wont regret it

 

[barnsley]

fit an ihi turbo to it it then will be faster than a LCR

 

[Mike Green]

Blimey that is quite a drop!! part ex is so undervalued but it is easy to do without the fuss of selling. I would only part ex right at the end of a cars life. My old golf they offered me £500 for, which I went on to sell quickley at £1k but could have got £1.5k if I was prepared to wait.

If i had a car worth more than £2k I would sell privately. But the reason why the part ex is so low is that the garage either auctions the car off (possible v low price) or sells directly to another garage to sell on - therefore in the latter you are actually being offered a double drop for the dealer to then sell on to another garage. Then you have to factor in if you do not sell the caaar for a few months you have the cost of 2 cars OTR which can add up.

 

[Skorchio]

fit an ihi turbo to it it then will be faster than a LCR

An lcr is a better option. Yes and IHI would be faster but u dont get all the other parts. 4 Pots , wheels, nice seats etc..

Id sell private mate and get an LCR.

 

[Big_daddy]

Private is always better! Most of the local traders are ripp off!

 

[Cupraloon]

I bought my 53 plate LC back in May for just under 7k but have just come into a bit of unexpected cash so was thinking about maybe, possibly, upgrading to an LCR . I went down to see one today and asked the garage what he'd give me part-ex for the LC - and he said 4k!! Now I know they have to make a profit but did he really expect me to accept a loss of 3 grand over 3 months!!

Good though the R was I think I'll stick with 180bhp for now. It makes you wonder why anyone would part-ex with a dealer.

That is without doubt... taking the pi$$, car dealers eh,

I had a similar thing not so long ago, when i considered selling my 02' 20vt i paid almost £8,500 for it in August 06, with only 30k on the clock, 2-3 months ago (34k), i was offered not a lot more than the 4k you were, car dealers I hate em' and they sit there acting like their doing you a favour...

 

[Three Leons]

The reason I was so tempted to upgrade was finding, to my surprise, that there were quite a few LCRs going for £9k and under (some as low as £7500). Is it just me or have prices taken a dive recently? To be fair a few of them had over 90k on the clock but even so a grand or two extra over a decent LC for the R isn't bad

 

[BCM]

They have taken a drop, they seem to be leveling out,
don't be worried about big miles either,
both myself and my lil bro have high mileage 20vT engines (me LCR him K03s Ibiza)

 

[chughes163]

They probably have thought:

£4000 PX - maybe £4500 if you pushed them
£1000 Prep costs (inc. £300/400 warranty)
£1000 markup - allowing for negotiations

Its low from your point of view though, so definitely sell privately

 

[dan__smith]

As everyone else has said, sell privatly. You'll get the better deal

 

[si-mate]

Also what they offer will depend on how much they want your car. They're not going to offer top money if they've got 3 of them sat on their forecourt.

 

[dan__smith]

Also what they offer will depend on how much they want your car. They're not going to offer top money if they've got 3 of them sat on their forecourt.

Yip! Very valid point!

 

[vinylrichy]

good points on here - yeah defo sell private and its been discussed on here before about moding LC to get same or more power than an LCR and the insurance goes sky high - plus like its been said, you dont get all the nice features and looks of the LCR. if it was me i would sell LC on ebay/autotrader and get an LCR

 

[Three Leons]

Also what they offer will depend on how much they want your car. They're not going to offer top money if they've got 3 of them sat on their forecourt.

Yeah good point - aswell as the LCR I went to see they had another LCR (which had just been sold) and a TDi Cupra (which had done 123k miles and they wanted 8 grand for it - definitely a 'buy low sell high' garage!)