Does this part-exchange offer for my Volvo C70 against a Honda Jazz look fair to you?

I drive a 65,000 mile 2007 Volvo C70 automatic in good condition. I'm thinking of changing it for a more practical car such as a Honda Jazz 1.4ES CVT-7, which is £15,995 on the road. The salesman says he was quoted £6200 to £6750 in the trade for my car but could offer me £7000 in part-exchange, including a £500 contribution from Honda. They are also expecting some ex-rental cars, registered on a '13' plate, top of the range, some autos, low mileage, priced at £12,995. Do you consider this a fair offer, or should I shop around for a better offer?

Asked on 30 November 2013 by PL, Chard

Answered by Honest John
A Jazz 1.4iES CVT-7 lists at £15,100 + metallic paint. That's about £1000 more than a year ago. What manufacturers are now doing when a new model is imminent (the new Jazz comes to the UK in 2015) is to raise the list price of the old one so they can claim minimal price rise for the new car. Then they discount the old car back to the sort of price it should have been anyway. I can't price your 2007 C70 without knowing which engine and drivetrain it has. Glass's trade book starts at £5350 for a 2.4SE manual, rising to £6330 for the SE Lux 2.0 diesel manual, all at 63,000 miles, so you may be getting a bit back that way. I think the ex-rentals at £12,995 make more sense than a new Jazz.
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