How to bargain with dealers in used car trading
In the UK, a large number of people sell their cars by trading in with local dealers. When you go to a car dealer to trade in, they offer a trade in value for your car and deduct that amount from the cost of buying another car from them.
When you trade in your car, it's important to haggle over the trade in value and the amount you are required to pay. There is no used car trading dealers will give you an offer without giving them some room for bargaining.
Do some research before you go to the dealer to trade in. Go online and see how much your car costs elsewhere, bring your mobile device with you, or print some examples. If the dealer refuses to compromise on their initial offer, be ready to leave.
This brings us to another important point. Don't give your car keys or logbook to anyone else until you are willing to sell it. If dealers have your car keys and logs, they can sometimes make it hard for you to give up the used car trading. You need to be in a position where you feel comfortable, and if things don't go your way, you can look for better options elsewhere.
But it's important to be realistic. Dealers need to be profitable, and in order to achieve that, they will always offer you less than you get by selling your car in private. You can't go to a dealer and expect the same price, similar make and model to be sold in autotrader.
Bargain with used car trading dealers
The key to buying a used car is to know its value elsewhere. Never agree to pay more than you think you can pay private sellers, and if possible, you should consider paying less. Buy the latest version of autotrader and highlight the build and model similar to the car you want to buy. If your dealer claims that the price of this car is higher than the average price of similar models, you can use this information to correct them and bargain.
Don't be distracted by the optional extra items offered by the dealer to close the sale. A tank of gasoline and some car cushions are good add ons, but it may not be worth giving up bargaining. It's best to abandon these benefits to ensure a 5% reduction â In practice, though, it's rarely like this.
The benefits of trade in
It's very simple. Trade in is faster and more convenient than private trading. You are executing two transactions at the same time, and it may take weeks if you try to execute them separately. Even so, you should not pay more than its value. When considering trade in, you need to constantly weigh how long you think it will take to sell your car and buy another one privately, and how much cheaper it will be.
Trade in, you can sell or buy a car in an afternoon without doing any real work. Before you plan to trade in your old car for a new one, study the demand for your car in private. Use the online tools provided by glass's Guides for valuation. Or take a pen and a piece of paper from the most recent autotrader copy.
Of course, in addition to speed, there is also a safety factor. You don't have to worry about being cheated, about the cost of advertising your car, or about other difficulties in buying a car privately.
Remember what you want
Some cars are better to trade in. If your car is very old or the price drops, the percentage difference between the price offered by the dealer and the price offered by the private buyer can be very large. This is because dealers can only buy cars that they think can be sold reasonably and quickly. Private buyers, on the other hand, can buy any car they need. There is likely to be a 17-year-old who has just got a license, has a small budget and is willing to pay 200 pounds for your old Ford carnival. However, if dealers want to justify their purchase of the property, they must consider how many similar buyers will enter their property in the next few months. For this reason, older guys tend to get a better price to sell when private rather than dealer.
