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Bonkers valuations !

  • 28-02-2023 11:02am
    #1
    Registered Users, Registered Users 2 Posts: 1,623 ✭✭✭


    Hi everyone.

    We are selling my wife's car in the coming weeks and have started to look at valuations for it. Its a 142 skoda octavia estate. It's staggering what seems to be popping up. For example I put the reg into Carzones car valuation part and it came up with a bonkers 11,250 which is a grand more than we paid for it 4 years ago! Now I know to take that with a pinch of salt but I've seen them on other sites for upwards of 9-10k .

    It can't have gone that crazy in the second hand car market could it?

    I was presuming the car would be worth somewhere around 6k but am I way off? . Its a 142 skoda estate 1.6 diesel greenline with 280k km. Serviced in main hyundai dealer since we got it. Nct up in June.

    If anyone would have a good idea of its true value I'd appreciate it greatly.

    It's all left me scratching my head!



Comments

  • Registered Users, Registered Users 2 Posts: 7,201 ✭✭✭zg3409


    Firstly you can do your nct 90 days early and get same expiration date, so I would find the exact date nct expires and calculate 90 days back and book nct for April may timeframe. It will be worth more with valid nct.

    Car is only worth what others are willing to pay. Done deal is 99% of used market. Keep an eye on similar cars on done deal. You can ASK for any price but actually selling price may be much much lower. Often the high price cars sit there for months. You can put your car up for high price then drop it week by week until it sells, however you need time to do that, and may get lots of time wasters. 6k may be a fair price but look at what the same car with same mileage is asking for and see if it is sold 3 weeks later. Good photos, nct, proof of service history all help for quicker sale along with Dublin based location so more people can view it.



  • Registered Users, Registered Users 2 Posts: 401 ✭✭Mythago


    The donedeal and carzone valuations are indeed nuts! Donedeal suggested I could expect between 9000 and 11000 for my car. I advertised in that range initially but, after no real interest sold it over the weekend for 6000 (which was still more than I thought it was worth).



  • Registered Users, Registered Users 2 Posts: 51,484 ✭✭✭✭bazz26


    I'd love to know where carzone are getting their valuation data. I bet they are just taking average "asking prices" for similar models, year, mileage, etc listed on their website. Sure all of those asking prices could be stupidly high and most are dealer prices too, so all your getting is an average price based off silly dealer asking prices. They are totally irrelevant to actual private selling prices.



  • Registered Users, Registered Users 2 Posts: 1,623 ✭✭✭chiefwiggum


    how long did it take to shift ? my gut feeling is around the 6k mark for mine too. i am considering zg3409's advice too about booking the nct early. next date local to me is October! but i will put in for a cancellation test if thats the route i go down.



  • Registered Users, Registered Users 2 Posts: 401 ✭✭Mythago



    I looked at early NCT but, got October too (runs out May). After a week when it got boosted on DD I dropped the price to 7k, I got more realistic enquiries and it sold within 24 hours at €6k. I probably could have hung on for more but 6k suited me.



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  • Registered Users, Registered Users 2 Posts: 1,623 ✭✭✭chiefwiggum




  • Registered Users, Registered Users 2 Posts: 51,484 ✭✭✭✭bazz26


    FYI, the NCT release cancelled booking slots nearly every night between 23:30 and 23:45. These slots are usually for 2 or 3 days time. If your car is ready to be tested then you should scan the NCT website around that time for slots made available. You need to be sharp though as they get taken fairly quickly.



  • Registered Users, Registered Users 2 Posts: 1,623 ✭✭✭chiefwiggum




  • Registered Users, Registered Users 2 Posts: 8,387 ✭✭✭User1998


    As a private sale its worth around €6,250 in my opinion. For example this one has been for sale 22 days and will most likely sell for around €6k




  • Registered Users, Registered Users 2 Posts: 3,068 ✭✭✭Casati


    Greenline is sought after as they are the v odd 1.6 6 speed- for some reason Skoda reverted back to 5 speed for the 1.6 right up to 2020. Having said that its an import, has very high mileage so with a full NCT I'd be thinking 6k at best - but it might be lower. Skoda's take the miles well but most buyers will rather go down a few years than consider anything with 250km+

    This one is an Irish one, 2016 and is only €7500 - though it carries big mileage and has the dead 90bhp engine




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