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Thinking of trading up

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  • 12-11-2008 1:43pm
    #1
    billyhead
    Registered Users Posts: 9,877 ✭✭✭


    Hi,

    I have a 99 Nissan Micra GX car which is in good runningorder (60000) miles on the clock and I was thinking of buying a 08 or 07 car (Ford Fiesta/Renaualt Clio type hatchback). I would not need a big car becasue I have no kids. I was wondering is now a good time to go to a dealership and trade up or would i be best off waiting till the new year. I heard its a good time to get a car with a surplus of vehicles for sale with the economic downturn. Also if I went to a dealer how much do you reckon he would reduce the cost of the failry new car if I traded in my Micra.


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    #2
    Alanstrainor
    Registered Users Posts: 23,157 ✭✭✭✭Alanstrainor


    No one wants trade ins, especially low value ones, you'd get next to nothing on your micra, you'd get a better deal with cash only and no trade in.


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    #3
    peasant
    Registered Users Posts: 17,819 ✭✭✭✭peasant


    To answer your last question ...not at all, the dealer will just make it look as if.

    The last hing a dealer wants at the moment is yet another used car clogging up their yard. Sell the Micra privatly and then bargain like you never bargained before for your "new" car with cash in hand and no cumbersome trade-in


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    #4
    whiterebel
    Moderators, Business & Finance Moderators, Sports Moderators Posts: 14,925 Mod ✭✭✭✭whiterebel


    Alanstrainor wrote: »
    No one wants trade ins, especially low value ones, you'd get next to nothing on your micra, you'd get a better deal with cash only and no trade in.

    I had exactly the opposite experience. They were very interested in my 99 Passat as they could put it out to trade. Valued by different dealers at anywhere between €1500 and €3000.


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    #5
    Eoin
    Registered Users Posts: 21,257 ✭✭✭✭Eoin


    The value of your car probably won't drop as much as the value of the car you want to buy, so I would hang on. Even as bad as the 2nd hand market is, I would imagine that your micra would still be pretty desirable to a lot of new drivers, so why not have a go selling it yourself?


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    #6
    buzzbuzzbuzz
    Closed Accounts Posts: 26 ✭buzzbuzzbuzz


    I also had the opposite experience, i had one dealer offer me 1250 for my 96 nissan micra and the other 700. :)


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    #7
    mikemac
    Closed Accounts Posts: 19,986 ✭✭✭✭mikemac


    A Micra is a popular car for beginners and you might find it easier then you think to sell privately.

    Sure give a go at selling it privately and then you can haggle as hard as you can for your next car


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    #8
    bazz26
    Registered Users Posts: 51,245 ✭✭✭✭bazz26


    People are too obsessed with the trade-in value of their old car. The important price is the "cost to change" price.


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    #9
    L-M
    Registered Users Posts: 23,694 ✭✭✭✭L-M


    bazz26 wrote: »
    The important price is the "cost to change" price.

    + a million.

    If you can afford to, keep your micra and buy straight deal. I bet the cost to change would be the same if you kept your micra, or if you traded it in.( Example, the new car is 10,000. They give you a cost to change of 9,000. And at the same time they give you a straight deal price of 9,000. Then you sell your micra for 1,500 or whatever it's worth, then your cost to change if down to 7,500.)

    Keep your car, sell it privately, and bargain to your hearts content on a straight deal.


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