How used prices go down

Honest John Back Room » Motoring discussion
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Sat 13 Dec 2008 12:50
How used prices go down - Andrew-T
I am halfway towards p/x'ing my 306 for a 207 SW at a Pug dealer in Cheshire, who was offering one at about a grand below current valuation (and about a grand below another example on his own forecourt - and two grand below others in the neighbourhood). There may be obscure reasons for this, but it seemed too good to miss.

No doubt in a few months that will also look expensive, but surely it can't be in garages' collective interest to push prices down that fast?
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Sat 13 Dec 2008 13:26
How used prices go down - smokescreen
They have little choice. Banks arent giving out much in the form of loans these days unless you have a near perfect credit record. Better they have some cashflow than nothing, by attempting to attract savers to spend.

Edited by smokescreen on 13/12/2008 at 13:26

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Sat 13 Dec 2008 13:31
How used prices go down - oldnotbold
You don't know how much he paid for the 207....he might be making a good profit, and if he gets a finance deal, or sells a warranty, then he's done well.
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Sat 13 Dec 2008 14:15
How used prices go down - Andrew-T
>You don't know how much he paid for the 207...< Indeed not. I believe it was a Peugeot lease car (13K miles), and probably the other one was too.

>If he gets a finance deal, or sells a warranty, then he's done well.< No, and No. But he seems happy anyway - and he gave me par p/x value too; in fact £300 more than Fords of Winsford offered. Unusual (in my limited experience) to get a better deal from a franchise than from FoW.

I am wondering how long that Pug dealer will last - many of the long-established ones have been sucked into big anonymous groups. Oddly enough I had an accountant's letter the other day about the Rochdale Renault dealer going into administration, where SWMBO's Clio came from years ago.
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