My Trade In

[benmartingolf]

Hi All,

I placed an order for my car at the end of Feb and I am trading in my Audi A1. They gave me a price which was slightly lower than I was expecting.

Do they factor into the price they gave me that the car won't be traded in for a few months or will they have to do me another price?

Cheers Ben

[Mark V GTD]

Ben - you would really need to ask them that....

[benmartingolf]

Ben - you would really need to ask them that....

I was just wondering if that was practice amongst dealers to do so when ordering a new car. This is the first car iv have had to wait so long for.

Il give them a bell tomorrow.

[p3asa]

I would reckon if they gave you a trade in price against a GTI which "they know" would take 24 weeeks or so to be delivered then they should have given you the price that it would be come trade in time.

When I was changing my Golf Mk6, I went round various garages looking for trade in prices and most of them said they couldn't really give me a price as the cars I was interested in were taking about 20weeks. So at least they were up front about it.

Personally I would play daft and assume the price they gave you is for when you get your new car. If they try and tell you otherwise ask for where the figures you have state the trade in price will be altered.

[Mark V GTD]

OK the point is they have not given you an expiry date for the trade-in and they need to - in writing. Common sense would suggest it would be valid until you collect your new car but sadly I have to report that its not necessarily the case and its imperative that is made 1000% clear in print.

[monkeyhanger]

Your "low" p/x value is based on what your car will be worth at the expected time of arrival for the new one, not what it is worth now.

If you have a fixed price trade-in and that price is stated on your order form then that should be that - no changes. You have a contracted value for yours. In situations where the car takes a lot longer and the dealership gets stung, they can apply to VW UK for subsidising discounts to make up their unexpected residual losses on your p/x.

My R is almost 3 months later than originally anticipated and the salesman hasn't asked me for a penny extra.

Some dealerships are cautious about extended VW waiting times - the local rivals to my preferred dealership group don't do fixed p/x prices on GTI/GTD/R, they promise to maintain your equity.....Say you had a car they said was worth £15k to them right now and your VWFS settlement cost was £13k, you have £2k equity. So you order your GTI and it takes 5 months to come, you've made 5 more PCP payments and now your settlement is £11500 - they would give £13500 to maintain your £2k equity.

Doesn't work well if you own your car outright though.