JohnDeere8530
Active Member
- Joined
- Nov 13, 2009
- Messages
- 505
these are trade in figures for your car @ current age and mileage..
You forget what you pay from a trader is retail price, normally a big difference between that and trade in (as seen here). Dont forget a dealer normally has to tidy a car up, service it, offer a warranty, pay for his overheads/fixed costs and make a profit. This comes from the differential between trade in and retail price
Also car prices have fallen recently due to the massive price hike of fuel and poor affordability of the general public. This is especially true for any petrol engine over 2 ltrs
So I suspect these figures are not that far out. Everyone thinks their car is worth more than it is, this is esp true with older recently aquired cars from any sort of dealer
You forget what you pay from a trader is retail price, normally a big difference between that and trade in (as seen here). Dont forget a dealer normally has to tidy a car up, service it, offer a warranty, pay for his overheads/fixed costs and make a profit. This comes from the differential between trade in and retail price
Also car prices have fallen recently due to the massive price hike of fuel and poor affordability of the general public. This is especially true for any petrol engine over 2 ltrs
So I suspect these figures are not that far out. Everyone thinks their car is worth more than it is, this is esp true with older recently aquired cars from any sort of dealer