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Is it normal practice to drop the price of cars?

Posted: Fri Nov 23, 2007 8:21 am
by alpolo9n
Hi all,

I bought my polo 9n3 1.5 years ago at the price of BND26,500.00 which is roughly Sterling Pound 8850.00. Just today, I read in the newspaper my local dealer is dropping the price down to a very affordable BND20,000.00. Thats 2k pound less than the original price. The reason for this is that they are bringing in the new 6 speed steptronic 1.4l polo 9n3. In my term, 2k pound is a huge different.

Is this normal practice where you are or is just the dealer being an ass about it? Honestly! I don't have much of a high regards for this company in the first place but dropping the price so low is just a low blow to me and other customers who have just bought this version. Now why couldn't they have just sold it at that price? I felt cheated even if I had bought it more than a year ago. But then again imagine how those people feel who just bought it a couple of months ago.

Alex

Posted: Fri Nov 23, 2007 7:32 pm
by MateyGuv
Hello mate,
I'm a car salesman, not for VW, and your car was worth the price you paid for it when you bought it, but now as a new version is comming out the dealers dont want to have the old version hanging round in their stock as it may become difficult to sell. The dealer will want out as soon as possible of old model year products and will quite happily sell them making a very small profit is any at all. The other senario is that VW have made a deal with the dealer to purchase a large number of the old stock vehicle from them at discounted values so the dealers can sell them on very cheeply thus getting more business. VW are happy cause they get out of the old stock and the dealers are happy cause they get some easy registrations for the years target. I guess you didnt pay list price for your Polo either.... no one pays list price. If you haggle hard enough you probably could have saved nearly £1500 from the cost of your car new anyway bringing it down to the sale price of these cars you have seen. Unfortunately when buying a new car timing and where you choose to buy is everything. If you go to a large dealership that thinks it will make its quarter target they will eventually agree on a small discount. If, however, you go to a small dealership that is chasing a target they will nearlly give the car away to you. When I bought my Polo I saved over 2k off list price, but had to wait for the right time. It kinda sucks that dealers wont just come out and give everybody their best price straight away but dealers are in business and do need to make a profit somehow. Oh and there could be terms and conditions on these sale prices i.e "the quoted sale price reflects a dealer contribution of £xxx and a deposit contribution of £xxx from VW to go towards a PCP agreement at 99.99% APR"

Posted: Fri Nov 23, 2007 8:44 pm
by david burton
supply and demand, less demand and you just have to drop the price to suit.

it's all business, I see you feel cheated but they need to shift the cars. sometimes at a loss.

Posted: Sat Nov 24, 2007 8:13 am
by alpolo9n
Hi guys, Thanks for the info. This particular dealer is, as I found out after buying my car, to be somewhat of a crook. People have been complaining including myself of them changing parts from one car to the next. And the fact that they kept my car in their garage for 3 months after I have paid up and the boss lying through his teeth about why my car is delayed didn't help of course. So, you can understand my distaste for them especially after knowing the fact about the price reduction. But I guess business is business. Thanks.