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Information On Trade-Ins

widebody180
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widebody180 Collaborator

widebody180

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It is time for me to get rid of my R32 GTR to make room for a more suitable family car. I have previously had my car on the market at what I thought was a reasonable price, with not even a bite. I've also been watching carsales and the trader forum here and there seems to be a fair few of these cars on the market, and not a lot of them actually being sold.

Do other people think that it is fair to say that the market is in a bit of oversupply at the moment?

I am really considering doing a trade in at a local dealer. I know that you never get the same value that you could in a private sale, but honestly it seems that I would have to drop the price down to not much more than trade in value to get a private sale anyway. The other important consideration is that I won't have to go through the effort of getting a roadworthy and possibly having to fix some issues. I don't think there is anything big that needs to be done, but the RWC guys always seem to find some problem, no matter what the condition of the car. I presently have my eye on a car at a dealer, the only issue is that the price of the car is about the same as the trade in value.

If I do a trade in for a car that is pretty much the same value, the dealer is obviously going to want to make some money, so what is the minimum difference that they will usually accept for a trade in?

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Cowboy1600 Grand Master

Cowboy1600

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Posted

The second hand market is dead, has been dead for years and will remain dead probably for ever.

What I would do is find out what you'll get for a trade in and then advertise it here for a grand or two above that. You'll likely move it very quickly (as it will no doubt be very cheap) and get a couple grand more than what a dealer is willing to give you.

ras1983 Experienced

ras1983

Posted
Posted

The second hand market is dead, has been dead for years and will remain dead probably for ever.

What I would do is find out what you'll get for a trade in and then advertise it here for a grand or two above that. You'll likely move it very quickly (as it will no doubt be very cheap) and get a couple grand more than what a dealer is willing to give you.

Second hand market has indeed been dead for several years, with the exception being R34 GTR, which still have some demand. The second hand market seems have completely stalled once the harsher p plate laws were introduced. Also, the fact that a lot of the cars are now 15-20 years old doesn't help. You can buy a hot hatch today that will keep up with the turbo monsters of yesteryear. Again, this hasn't helped the market.

The above is excellent advice. Get a trade in quote, advertise the car for a couple of grand more.

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