Are Whatcar price guides reliable or is it a sale / demand issue..

Discussion in 'General Discussion' started by petef, Jul 5, 2006.

  1. petef

    petef Active Member

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    I am looking for a peugeot 106 for my son. Went to view one last night and it seemed ok.. The only problem is the price. It is a 1.6 xs, R reg ( 1997 ) and priced at £1,795... ( Insurance will be £1,500 ) !!! with 5 weeks mot left and 6 months tax. Now the sellers seem really nice and a bit niave, thinking they would sell a car with only a month mot left. They have agreed to get it motd and this will give the car 13 months mot. Idid a search on whatcar price guides and put in the mileage of 67,000 miles. The price private came out at £1,375. I did a search on WiseBuyer and they came out with a price of £1,195. I left the printed out documents with the sellers and explained my dilema, not wanting to pay over the odds.I am going to ring the sellers tonight to discuss price. I was going to offer £1,400 ..no more, but this is 400 quid less !.....Are these guides reliable ? I have checked auto trader but there arnt too many around to compare or they are forecourt cars...:)
     
  2. pammy

    pammy MB Enthusiast

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    At the end of the day - if you're the only intrested person then it's up to the buyer. You have given him evidence of what the car's worth. You need to add a bit back though due to the lower milage - but if he wants to sell and you have offered what you think it's worth then it's up to him. He sells it at the price you offer or he doesn't.

    Personally, I think £1795 for an R reg is a bit high. Is it the car your son really wants? If so perhaps meet the seller half way if it's in really good condition. Maybe try £1500 and see how that goes.

    You've nothing to lose - there's always another car.
     
  3. fuzzer

    fuzzer MB Enthusiast

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    offer what you like ..

    its not as if there are arent thousands of 106's for sale elsewhere. Stick to your guns.
     
  4. imadoofus

    imadoofus MB Enthusiast

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    Buyers (collectively) always know what cars are worth. There are, as fuzzer says, plenty to choose from. If it looks like the car you want, then offer him whatever amount other cars are being advertised for. Either he'll take it, becasue he's just being cheeky, or he'll turn you down. If he does that, wait a week and see if he still has it. If he does, then he'll be grateful that you came back to him, and will be more likely to take your lower offer.

    However, my POV is that there are so many about that it's not worth wasting time on. If it doesn't look 100% at first glance (including price), then move on. His loss, not yours.

    PJ
     
  5. grober

    grober MB Master

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    Negotiating a car deal, its a minefield. Couple of comments. I assume that the car was advertised at £1795 so you must have known that before you went to see it. Both parties seem to be acting in a civilised manner and this is always a pleasant surprise! Remember the seller has every right to ask what they want for the car. They may be niave, or been badly advised or plain greedy but its their car. The end result is they may not sell it but eventually realise the error of their ways. What you want to do is short circuit this learning process and you have done all the right things to help the process by supplying the sellers with the information you have. Make them a decent offer and give them a day or two to think about it hopefully they will come round to the idea, particularly if they are not inundated with offers. Bear in mind that just as there are niave sellers there may be a niave buyer out there, who will snap it up in the meantime.
     
  6. glojo

    glojo Hardcore MB Enthusiast

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    You have certainly had some good\excellent advice. what tends to be the going price of a 106 in your area? When we were looking at cars for my son, I briefed him before we started looking that he might have to be VERY patient, there are a lot of cars out there with a lot of hidden or not so hidden problems :) What I very quickly found out was that a) price did not necessarily equate to quality, and b) Nice people did not equate to nice cars.

    I would keep looking and you will find the car that makes your son's eyes pop out on stalks! ;) ;) This may, or may not be the one, but be prepared to negotiate, but pay a fair price for a fair car. I would also want at the very least 9 months MOT, but preferably the full 12 months, particularly for the money you are prepared to spend. It also surprised me that the 1.6 Ford Escort was not heavily penalised for insurance. We started by looking at 1.3 models, but as soon as we got firm quotes for insurance we went for the 1.6 which offered a much better choice of cars at attractive prices (we are anti French :eek: :eek:;) )

    Good luck,
    John
     
  7. Vlad

    Vlad MB Enthusiast

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    Starter cars like the 106, Clio and KA tend to make more than the What Car guide price as they are in high demand.....they always go for more than the guide price at auction.
     
  8. Rory

    Rory MB Enthusiast

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    Interesting you say that - in my experience, people think their cars are worth much more than they really are.

    That may be true, but I wouldn't have thought a 1.6L 106 was a typical starter car.
    I live in same area as Petef and we got a good price for a 1.1XS 106 a few yrs ago from a guy looking for a car for his daughter to take to Uni. However we lost a small fortune on 1.6 Clio we had, because the sort of person looking for a Clio is looking for a small engine.
     
  9. dougal74

    dougal74 Active Member

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    The larger engine rules it out on insurance grounds for the starter car market. I would bargain hard and walk away if you can't get a good deal. £1,250???

    There will always be another car.

    P.S. my wife ran a 106 Mardi Gras (1.0) when I met her and it was a dog with fleas, I would put my money in a car which is better screwed together
     
  10. imadoofus

    imadoofus MB Enthusiast

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    I said:
    PJ
     
  11. Vlad

    Vlad MB Enthusiast

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    Doh....my fault, I didn't clock the fact that it was a 1.6 106.....my comments only apply to the 1.1's and diesels in the 106 range.

    Sorry about that
     
  12. Rory

    Rory MB Enthusiast

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    You did - sorry. :headinpaperbag:
     
  13. dagd

    dagd Active Member

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    I don't think I've ever seen a (decent) car are the prices quoted in the mags, no matter where it was from! Perhaps I just don't look hard enough or long enough, or maybe it's something to do with living in Surrey?
     
  14. agatward

    agatward Active Member

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    Gah... shame this thread wasn't around a week and a bit ago - traded in my N reg 106 at the Stealership. Had only done 63k miles, not bad for a '95 car. It would have been worth around £500 for private sale, Stealership gave me £350 :(
     
  15. fuzzer

    fuzzer MB Enthusiast

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    i agree with the comments on the 1.6

    the larger engine are normally included in free insurance deals for 1 year , after the year , some of the owners cannot afford to insure the car any more , this a glut of warm hatches 1 year old.
     
  16. OP
    OP
    petef

    petef Active Member

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    Some really helpful advice ...thanks everyone. Unfortunately my son is very picky with cars...! We have been looking for two months now and I am exhausted ! The negotiating has been very civilised i must say and whilst nice sellers are not always completely honest,from my experience a nice house, nice area and nice people usually equate to a reasonably honest car...well, cars that havent had the **** welded to the front !!! Any way i called the sellers tonight and explained that the most we would offer was £1,400. The whatcar price is £1.325 but they have just taxed it and the mot will be put on tomorrow.

    It is a minefield out there and there is only so much you can check when looking at private cars. Personally i would have gone for a fiesta that a friend was selling, sensible and 1.1 cc ....but hey kids and youth ..its got to be black and look sporty.

    It does remind me of my ole man who tried to flog me his one owner N reg ( 1975 ) Austin Maxi back in 1982 for £500...not the sort of car that would pull the oposite sex....so i settled for a mini van with a 1.3 Allegro engine...(the piece of concrete in the back maintained some rear grip.) That neither helped in attracting the opposite sex but did attract the same sex who all wanted to experience the white knuckle ride !!!! Boys n their toys !!:eek:

    As John pointed out there is very little difference in terms of price for quotes for 1.3 / 1.4 and 1.6 engined cars which actually amazed me. Having the speed of a 1.6 for an 18 year old though does not settle well with me, but he is sensible and i do trust him..... Thanks again
    Pete :)
     
  17. glojo

    glojo Hardcore MB Enthusiast

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    Hi pete,
    I agree with everything you have said, I was really concerned about my son having a 1.6ltr car, but he was a sensible fellah, and I suppose if they are going to be silly then a 1.1ltr car will be just as dangerous.

    I encouraged him NOT to get into any 'burnups' with white cap lad..... just let them roar away from the traffic lights and know that you have a nice car with a clean licence.

    We bought him a very nice 1.6 Escort Ghia which he chose, all the smaller engined Escorts we saw were not a patch on this one, yet most were more expensive. Unfortunately if your son wants a Puegot, then Puegot it is.

    Good luck,
    John
     
  18. jeremytaylor

    jeremytaylor MB Enthusiast

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    I had to read that twice to make sure I got your point. :D (I mean I'm sure when you met your wife she didn't have fl...:D and obviously it is better screwed together )
     
  19. kensalriser

    kensalriser Active Member

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    I know how you feel, I have also been looking for two months (nearer three actually) and am negotiating at the moment, at £4800 the seller's offer is £300 over what was really my highest price for the car in question but it ticks most boxes and I probably need to start valuing my time (ie is going £200 over my preferred highest offer worth it in terms of time saved not continuing to look).

    Surprised you are having so much trouble with a very common model in that price bracket. Even £1400 sounds a bit high, as a comparison very acceptable - ie lowish mileage and very good condition - Rover 200s of a similar age are going for about £1000-1200 and are probably better equipped. Saying that, at £1500 or under you should be looking at the basics - when was the car last serviced? (allow £200) Are the tyres good ? (£200) Exhaust? (£300) and so on. Are there any other faults that need rectifying? It's easy to dismiss a few minor faults but they soon add up.
     
  20. OP
    OP
    petef

    petef Active Member

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    Yes John, the issue over other young lads is a concern and we have discussed about letting things go if someone cuts him up or wants to race...and theres nothing we can do about the choice of car ! When they make their mind up thats it ! Kenalraiser, good point though about haggling over a couple of hundred quid ....the time and effort and petrol involved is silly. I thought we had sealed the deal but the ladies father ( Percy ) is still trying to get the £100 quid for the tax now. The whatcar guide price for this car is £1,325 and I am giving £1,400 with the tax which I think is fair ( there is a dent on the side ). Although negotiation is getting a bit silly I am actually getting to like this ole geezer, Percy. He's quite a character and after all he is only lookin out for his daughter...!!! Infact I may put him on my christmas card list...:)
     

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