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Trade in on old car

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  • 03-11-2008 7:31pm
    #1
    tuxy
    Closed Accounts Posts: 14,983 ✭✭✭✭


    I have a 95 corolla with 183k miles on it. I was just wondering if it would be difficult to off load this type of car as a trade in. I would only be looking for about €400 for it. The reason I ask is that I know dealers are having trouble selling cars at the moment and may be reluctant to take trade ins.
    Would I be better off selling it privately?


Comments

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    #2
    Rowley Birkin QC
    Registered Users Posts: 6,238 ✭✭✭Rowley Birkin QC


    Cars like that will always have a market tbh. Private sale is the best way to shift it.


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    #3
    unkel
    Registered Users Posts: 65,454 ✭✭✭✭unkel
    Chauffe, Marcel, chauffe!


    bigkev49 wrote: »
    Cars like that will always have a market tbh. Private sale is the best way to shift it.

    +1

    Put it on adverts.ie

    If there's nothing wrong with the car and it has a little bit of NCT left, it will sell for €400 within a day. Mark my words :)

    My ads on adverts.ie

    https://www.adverts.ie/member/5856/ads



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    #4
    tuxy
    Closed Accounts Posts: 14,983 ✭✭✭✭tuxy


    unkel wrote: »
    +1

    Put it on adverts.ie

    If there's nothing wrong with the car and it has a little bit of NCT left, it will sell for €400 within a day. Mark my words :)

    Ya it has an NCT and has not given any problems in the 2 months I have owned it. Thanks for the advice.


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    #5
    Anan1
    Registered Users Posts: 22,815 ✭✭✭✭Anan1


    tuxy wrote: »
    I have a 95 corolla with 183k miles on it. I was just wondering if it would be difficult to off load this type of car as a trade in. I would only be looking for about €400 for it. The reason I ask is that I know dealers are having trouble selling cars at the moment and may be reluctant to take trade ins.
    Would I be better off selling it privately?
    I probably don't need to tell you this, but just in case: Whatever you do, don't accept €400 off the asking price of your new car for it.


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    #6
    tuxy
    Closed Accounts Posts: 14,983 ✭✭✭✭tuxy


    Anan1 wrote: »
    I probably don't need to tell you this, but just in case: Whatever you do, don't accept €400 off the asking price of your new car for it.

    Is this because I should be able to get a good bit off the asking price with out a trade in?


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    #7
    Del2005
    Registered Users Posts: 18,992 ✭✭✭✭Del2005


    Anan1 wrote: »
    I probably don't need to tell you this, but just in case: Whatever you do, don't accept €400 off the asking price of your new car for it.

    The garage he's buying off most likely won't want a 95 car sitting anywher near their forecourt and while €400 cars will always sell they won't be enough margin for a garage to take it.


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    #8
    Anan1
    Registered Users Posts: 22,815 ✭✭✭✭Anan1


    tuxy wrote: »
    Is this because I should be able to get a good bit off the asking price with out a trade in?
    Exactly, your trade-in value should be the cash discount plus the real value of your trade-in. Say for example your new car is priced at €10,000, but the best price without a trade-in is €9,200. You should pay €9,200 - €400, = €8,800. As unkel and bigkev said, though, you'd be better off selling and buying privately.


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    #9
    Anan1
    Registered Users Posts: 22,815 ✭✭✭✭Anan1


    Del2005 wrote: »
    The garage he's buying off most likely won't want a 95 car sitting anywher near their forecourt and while €400 cars will always sell they won't be enough margin for a garage to take it.
    They'd sell it straight to trade - ie they'd essentially treat it as cash.


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    #10
    tuxy
    Closed Accounts Posts: 14,983 ✭✭✭✭tuxy


    Sound Anan1 that's good advice.


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