Wh|t3R@bb|t £10.5k is a total and utter insult. £12k is pretty much what you should expect from a trader I would reckon, with a little more for private (why I dont know)...anyway, thats another discussion for somewhere else.
Dealers have to start to accept, particularly against used cars, that they cannot make as much money on both ends of the deal. Else we will just hold onto our cars and not buy, their stock will rust and depreciate further and they will all go hungry.
There are not the same margins in a new car.
Now, just imagine the scenario where you trade your car in for that new R, you get 10.5k!
I come along the next day to the stealers, its up on the forecourt for £15k, I ask for a trade in price on my 05 (55) my06, FULLY loaded DSG GTI and get offered say £9k....a balance to change of £4.5k.....
I am thick
so I accept it....the next day the stealer sticks my car on his forecourt and slaps £12.5k on the windscreen....in total (gross) he wants to make £8000 on the deal! lol...
Of course...I am not quite as thick as I made out above
(though some people do pay sticker) and no way do I accept either price...so keep my car, walk away..a lose lose scenario. IF the tosser had not insulted me and offered a me a reasonable price to change then he would have had a sale, proved revenue on his books and kept trading, albeit with less profit than he would like....This is actually the position I am in now with a car locally, correct spec, dealer wont accept that he needs to make less profit on it....lol...the car has been on his forecourt now for 4 months...and I am waiting until he has to take it to auction and may buy it on the day for £11k ....drive up to his forecourt and moon at the twit
(in reality I am not interested in it now as it is another calendar year and the car was a 2006, so he can just sod off lol
).
It has ALWAYS been this way, but in these times unless they give a bit, they will not be in business for long.
Wh|t3R@bb|t If I were in the market for a newer GTI I would offer you £12.5k today for it, however its an R32 I have my heart set on....although I would have to move my beauty on first.
