Got a settlement figure from VW finance yesterday, then went onto WBAC to see what they'd give me for an easy sell.
There's a gap, but it's not an insurmountable one...
What's a 2018 Polo Beats with 5300 miles worth on the open market though, I wonder?
TBH I'd let it go for the finance settlement figure, or closer than WBAC are offering.
Time for a rethink, I really don't need a new car to do 6 miles per day and a bit of running around.
Our eldest daughter will be starting driving soon and I'd like to buy a used town car (Up/Mii/Citigo/Aygo) for us both to use and not give a crap about.
She can kerb it and dent it to her heart's content.
Wonder what it's worth
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Re: Wonder what it's worth
Put it on Tootle and see how much closer the dealerships who respond come. Not knowing what Beats RRP is offhand, but I'd expect 65% of RRP after incentives if selling to a dealership. It needs to be selling 20% cheaper than new after incentives and gove the dealership 15-20% margin.Andy Beats wrote: ↑Tue May 28, 2019 9:06 am Got a settlement figure from VW finance yesterday, then went onto WBAC to see what they'd give me for an easy sell.
There's a gap, but it's not an insurmountable one...
What's a 2018 Polo Beats with 5300 miles worth on the open market though, I wonder?
TBH I'd let it go for the finance settlement figure, or closer than WBAC are offering.
Time for a rethink, I really don't need a new car to do 6 miles per day and a bit of running around.
Our eldest daughter will be starting driving soon and I'd like to buy a used town car (Up/Mii/Citigo/Aygo) for us both to use and not give a crap about.
She can kerb it and dent it to her heart's content.
Do a search for used Polos same age/spec as yours and hope for 85% of that sticker price.
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Re: Wonder what it's worth
Ooh, never heard of this 'tootle', I'll give it a whirl.monkeyhanger wrote: ↑Tue May 28, 2019 10:48 am
Put it on Tootle and see how much closer the dealerships who respond come. Not knowing what Beats RRP is offhand, but I'd expect 65% of RRP after incentives if selling to a dealership. It needs to be selling 20% cheaper than new after incentives and gove the dealership 15-20% margin.
Do a search for used Polos same age/spec as yours and hope for 85% of that sticker price.
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Re: Wonder what it's worth
List price for the 95ps 5 speed Manual is £17,510. Sticker price of used examples registered Oct - Dec 2018 (Polo Beats 95ps 5 speed manual with 5k-6k miles) on VW website is in the range £14.5k - £15.5k. There are a couple of sub £14k examples for sale through dealers on Autotrader.monkeyhanger wrote: ↑Tue May 28, 2019 10:48 am Put it on Tootle and see how much closer the dealerships who respond come. Not knowing what Beats RRP is offhand, but I'd expect 65% of RRP after incentives if selling to a dealership. It needs to be selling 20% cheaper than new after incentives and gove the dealership 15-20% margin.
Do a search for used Polos same age/spec as yours and hope for 85% of that sticker price.
So using the 85% sticker price as a guide, based on the VW website prices, hope for £12.3k - £13.2k. Without knowing what the incentives are on the Beats model, 65% of RRP gives a figure of £11.4k, so after allowing for incentives (assuming these include a finance deposit contribution), you’d be likely to get less than £11k from a VW dealer.
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Re: Wonder what it's worth
We want any car have offered me £12203.SRGTD wrote: ↑Tue May 28, 2019 11:22 am
List price for the 95ps 5 speed Manual is £17,510. Sticker price of used examples registered Oct - Dec 2018 (Polo Beats 95ps 5 speed manual with 5k-6k miles) on VW website is in the range £14.5k - £15.5k. There are a couple of sub £14k examples for sale through dealers on Autotrader.
So using the 85% sticker price as a guide, based on the VW website prices, hope for £12.3k - £13.2k. Without knowing what the incentives are on the Beats model, 65% of RRP gives a figure of £11.4k, so after allowing for incentives (assuming these include a finance deposit contribution), you’d be likely to get less than £11k from a VW dealer.
I may take them up on that, it wouldn't leave me much to stump up to settle the finance and just get rid.
This is where damn private plates are a pain though....getting that sorted....
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Re: Wonder what it's worth
Private plate should be as easy as stick it on retention which is instant https://www.personalisedvehicleregistra ... cle-lookup
New V5C should come within a week, sometimes faster
New V5C should come within a week, sometimes faster
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Re: Wonder what it's worth
Ah, cool, for some reason I thought I'd need VW's assistance in doing this.alexperkins wrote: ↑Tue May 28, 2019 2:03 pm Private plate should be as easy as stick it on retention which is instant https://www.personalisedvehicleregistra ... cle-lookup
New V5C should come within a week, sometimes faster
Cheers.
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Re: Wonder what it's worth
If its on VWs standard PCP, youll just need to call VWFS and update the registration they have on file (free)
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Re: Wonder what it's worth
Thanks again.alexperkins wrote: ↑Tue May 28, 2019 2:07 pm If its on VWs standard PCP, youll just need to call VWFS and update the registration they have on file (free)