A fair price to offer a dealer for a car.

Acquaintance about to buy a 2006 Toyota Aygo priced at ?3850 from an independent dealer.

But parkers.co.uk value the retail price of this car at ?3245 from a franchised dealer and ?2930 from an independent dealer. (these last two prices should be a bit higher as the car is 20K miles under the one being sold).

Now we know its general practice for all sorts of things, to ask a bit more for something and then accept a slightly lower offer.

In these 'straightened times' for everyone, what would be a fair offer; that the dealer might accept. Ten percent under the asking price?

Reply to
P Bentley
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In my estimatimation, the half life of a car's value is 3 years or less. That makes an optimistic value of this car (0.5)^(8/3) = 15.7% of new price.

Reply to
johannes

Seems a lot for a 7/8 year old car! That said, small cars seem to hold their values longer due to the young driver/first car demand. I'd shop around.

Tim

Reply to
Tim+

Is it of much practical use to take an average over all cars when the variation between makes/models is empirically quite large? And that's before all the other factors which come into play.

Reply to
Robin

Then he probably shouldn't buy that car at that price.

It depends on where the asking price sits in relation to a fair price.

Reply to
Adrian

The Toyota Aygo is nothing special, the Citroen and the Peugeot is virtually the same car, probably made in the same factory.

I have a car which runs perfectly and is 20 years old. But what is the market value when it come to trying to find a buyer willing to pay? That's a very different question.

If I buy another secondhand car, I would prefer to have money left over for the inevitable contingencies. There is always a reason why people are selling their cars...

Reply to
johannes

Definitely made in the same Czech factory.

Reply to
Adrian

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