Ford S-Max - Trade-in value depreciation waiting for new car

Honest John Back Room » Motoring discussion
View Threaded
Tue 10 May 2011 11:27
Ford S-Max - Trade-in value depreciation waiting for new car - Phil P
Hi all,

Some advice would be appreciated - currently considering ordering my first new car and have been given a trade-in valuation on my current car, however the dealer says this valuation will decrease 2% each month until delivery of the new car (which he estimates will be 3-4 months).

Is this reasonable and normal practice?
Reply | Report as offensive | Link
Tue 10 May 2011 12:11
Ford S-Max - Trade-in value depreciation waiting for new car - happy polo

Unless you're looking at something with sufficient demand to mean the dealer isn't fussed as to whether you buy it or not, I'd suggest you negotiate a little and tell him you want the trade-in price underwritten. If there is suddenly an 'unexpected' delay in the new car arriving, your trade-in will continue to reduce unless you make it clear you're not willing to buy on those terms.

Reply | Report as offensive | Link
Tue 10 May 2011 14:31
Ford S-Max - Trade-in value depreciation waiting for new car - Craigdm

I currently have two new cars on order, both with p/x. Neither of them are subject to this restriction, I'd walk away and find a decent dealer.

53 Punto is underwritten for £1100 and I have the right to sell it privately for more if I want.

2010 IX35 is underwritten for £16,500 as long as I don't put more than '5 or 6K' on it before the Juke arrives in about 6 weeks.

Reply | Report as offensive | Link
Tue 10 May 2011 15:20
Ford S-Max - Trade-in value depreciation waiting for new car - pd

Hmm...yes, but you still have use of the car. If you expect them to hold the price then I suppose it is only fair you agree not to add any more miles or wear and tear for it.

For all the dealer knows you could add 15000 miles to it.

Reply | Report as offensive | Link
Tue 10 May 2011 15:28
Ford S-Max - Trade-in value depreciation waiting for new car - Falkirk Bairn

Try another few Ford Dealers - they may have one in stock - you never know it could even have a lower price as it is in stock and costing the garage interest charges on the value.

Reply | Report as offensive | Link
Tue 10 May 2011 17:09
Ford S-Max - Trade-in value depreciation waiting for new car - Phil P
Thanks for the advice guys. I've gone back to the dealer and told him I want a fixed price, which he is going to obtain and come back to me with (although he stated that he thinks I may do better with the non-fixed reducing price).

I'm a little restricted since the new car is coming via the Motability scheme.
Reply | Report as offensive | Link

Our honest used car pricing is a little bit different to all the others. You can get to our values through make or model - you don’t have to follow a prescribed route. Plus, it’s live, which means we can react to changes in the market quicker than any printed price guide.

Honest Used Car Prices

From which small car to buy at which price point to the best UK-built cars, our Top 10s have the lot. Click now for your shortlist.

Unsure of what to buy? Our Top 10s are here to help you....