Got a trade-in price of £14.5k for my 6 month old new model WRX PPP in rally blue from the Subaru network......crap!

Very surprised at how low this is.

 

TAKE IT TO AN INDEPENDANT DEALER YOU WILL GET MORE

 

Ooops

 

Keep It!?!?!?!

 

Macrash,

What were you trading it in for?

 

Thats only around 33% depreciation which is probably close to the average for a new cars first year...6months wouldn't be that different. Avoid new cars if you want to avoid the big initial hit.
Chuck

 

And the dealer will have it on their forecourt for £18k

 

Yes because they run a business and therefore have to make money!

My dealer said they would take me to the pub and get me drunk before telling what my trade-in would be!

Guess I will be keeping mine beyond the finance payment period!

 

So they're not making enough money on the car they sell you? They need to hit you twice by offering you £3.5k less for your car than they hope to sell it for? That's a fair bit of cash for a few hours work.

 

I hate these threads. What did you think you were buying, a van gogh?? When you are spending over £20k on a car, you should have researched depreciation etc. the second the dealer hands you the keys you lose thousands. You expect them to buy it from you for what they will sell at and stick it on their forecourt space / sell it for nothing ???

 

Sorry, that wasn't directly targeted at mcrash just these threads in general and some of the responses they generate. I have to say that is a very low trade in as PPP is valued at 1k trade-in by dealers. You need to shop around, it can vary by as much as 2k from dealer to dealer.

With the amount I've spent on mods I'll never ever see a fraction of it back, so I'm planning to gradually turn mine into a bloody monster sprint / hill climb car and keep it

 

wrx turbo - if I'd ordered one a year ago and paid then on the continent price all in was about £16k

New price in UK about £20.5k - which I can get for £19.5k throgh lease company

Add on ppp - which is fairly worthless on trade in - doesnt seem that bad

I'd sell in Trader, or something to see if I could get more

 

PPP is worth 1k on trade in at a main dealer.

 

I think as a 'rule of thumb' is that dealers aim for £2k profit on a 'trade in' and >£2k on a new car.

So your car cost £19k new, then someone buying it second hand would want to pay £16.5k tops for the car, this means that the garage would give you £14.5k to see a profit. They'll have to service it, valet it, advertise it, keep it in a showroom, pay for the admin and some sort of warranty possibly and pay interest on the money they paid for it. They will also expect to give a discount to the next purchaser giving them £1k net profit. Hardly robbing you blind is it?

Its a business, not a charity and remember they are not 'really' your friend...

F

 

Floyd - I think you hit the nail on the head there.

Old Fart - you are right too, avoid new cars if don't want to take the hit... One thing I still haven't learnt!

I lost a huge amount on a P1 a few years back, but as a 6month old car it had about 1.5-2yrs mileage on it, so wasn't overly surprised in the end.

Such is life I'm afraid, plus the second hand car market is suffering as is at the moment, loads of different makes/models are experiencing similar depreciation.

Rgds, Alex

 

What did you expect buying a car, paying through the nose for it, then wanting to sell it back to a dealer?? I think most cars costing the same new, would suffer as badly in the depreciation stakes!

And this is why I refuse to buy new cars!!!

I ran my MY00 for 4-5 months, modified it, stripped it back, sold the modificationss and sold the car. I didn't lose a penny!!!

I only paid for petrol and insurance!

 

woohoo!

People with common sense for a change!

now everyone who wants to sell thier 6 - 24 month old undesirable bugeye take a screen dump of this page & remind yourself why your trade in is low!

Out of interest what did you realistically expect? - I wouldnt laugh if you said 18.5k for it....

Dealers, as its been said before, would every ONCE in a while like to make a little bit of money, just as the company you work for does...

 

C,

Not a bugeye - latest model.....

I think that car dealers are an avaricious bunch in general to be honest. I would have expected around 16k as they will knock it out at 18k. 2k to cover some risk (small), valeting and space and a good profit. In my industry (I.T.) we would think that a good margin and a tidy piece of business.

I cannot complain too much as I bought an import for 17k, ran it for 4 months and 10k miles and then spun it on a motorway at 70MPH when it aquaplaned on marginal tyres (was booked in next day for a change!!). Direct Line gave me a new UK facelifted model in return complete with full 3 year warranty, RAC etc.....

Still a bit shocking for something that is supposed to be desirable though. I guess I'll keep it but I weas getting sick of wifey hitting pheasants with it and putting dents in the paper-thin metalwork which are costing me hundreds to get pulled out. Was planning to get her a Defender TDi Lara Croft edition - undentable!!

 

I would shop around for a trade in price a bit more. I sold to someone on here my MY03 the other week. Std car with 3000 miles, for £17,000. I had quite a few calls on the car. When I decided I'd made a mistake selling it, I couldnt find another one for love nor money. With the PPP, and asuming you havnt got huge miles, then £17,500 should easily be achievable.

Jonathan

 

Chins,

3500 miles only - interested?

Probably looking for 18k private sale though based on what you have just written.

Cheers

 

I got a good trade in (IMHO) for my Euro import MY01 WRX. Glad I imported!

Steve

 

Don't take it,traded my my03 with ppp last week for new sti8 and got 19,500!!!

no neeeeedd.

 

MY02 bugeye standard Sti7 - a couple of months ago I got offered £16k trade-in.

From what I understand, the "official" line from Subaru is that they believe that the "price-realignment" that happened with the new WRX model (and the flogging off of all the old stock at discount price) has not damaged trade-in values.

Seeing a 40% depreciation in the car's value I know what I think about that statement - what do the rest of you think about it?

 

Alan - got 19k for mine last month.

 

Hi Matt,

Was yours 19k trade-in? Prodrive model? PPP'd? I'd really like to know where you got that price!

My trade-in's just an example of how bad it's got really - I knew it was a p!sstake when he told me, and walked straight out!

Al

 

I know someone who lost £100k in 12 months on a Ferrari 456 and he wasn't crying about it!

 

go to the British Car Auction, u will see how much money the dealers would gain after u trade in ur nearly new car.

scoobyhummel

 

Scoobydick,

I think that if your friend can afford to buy a 456 in the first place then he's got far more money than I'll ever have! I'm sure most people on this forum would say that £10k+ depreciation in a year would be a bit tough to swallow. I expected to lose a fair old wedge on it, but considering that I'd bought the top-spec Impreza model at the time I thought it would hold it's value a little better that it has.

My point is, I don't think that Subaru have helped in the way they've repriced the new models. I understand it's business and at the end of the day they have to sell cars, but that doesn't mean I have to like it.

Al.

 

I think the main problem with Subarus at the moment is that since the bugeye came out they've become fairly undesirable and generally been caught up or overtaken by other manufacturers. 5 years ago they had a product which was unique and miles ahead of it's competitors, now the styling is terrible and the performance is common place. I'm afraid complacency set in and they are now paying the price. I've got a very late classic shape, which will do me for a few years, but then I'll be looking around for a different make.