What Could My Car Be Worth ?

H

heretohelp

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Hi there ,
Mods feel free to move my post to a different forum if ive posted in the wrong one. I have a 2008 kia ceed sports wagon purchased for 25000 euro in march 2008.
I now need to change the car to a 7 seater and am wondering what i can expect to lose on the car when i go to trade it in.
I have paid an estimated 4400 euro off the car so far this year and when the finance agreement was made the total repayment including the cost of the finance will be 29500 over 5 years.
Any help would be greatly appreciated.
Thanks
 
according to carzone you can pick an '08 up for €16k. For a trade-in price probably expect less than that unfortunately
 
paddyd said:
according to carzone you can pick an '08 up for €16k. For a trade-in price probably expect less than that unfortunately
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True !
i saw that car earlier please god its a once off !! the rest seemed to be around the 20 to 22k mark but that would be for a private sale
 
If its on carzone and a lot lower than the average then its most likely a scammer. carzone is riddled with scam ads.
 
AlbacoreA said:
If its on carzone and a lot lower than the average then its most likely a scammer. carzone is riddled with scam ads.
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do you think?
come to think of it the add says its been reduced twice for a quick sal, if i had paid 25k for my car a few months ago i would not drop the vaue by 9k no matter what !
 
It looks like that car is now €22K new (changes to VRT rates?)

I would expect any car to lose 20% of its value per year (compounded, = 50% every 3 years), especially a new car in it's first year.
With that rule of thumb, the car is worth €18K, but the market is slow at the moment...
 
I seriously doubt that ad is a scam. If the Kia is 22k new, then 16k for a 1yo Kia is not uncommon unfortunately. The details all look legit too. Also, with no disrespsect to the OP, scammers usually pick the mass market models, X5's, A4/3-series diesels and the like.

Back OT though, I don't think you should expect more than 16k from any garage, and perhaps only a Kia garage will take your trade-in.
 
my model is 22900euro new. i got offered 19k today in one garage and 20500k in another. neither were kia dealers. my aunts car was used for a scam recently. she had it for sale on carzone.ie and also in the car buyers guide, it was a 2005 mazda 3 .
She received a call from a foreign couple of romanian origin who came to see the car and asked numerous questions about it and asked to see the log book etc.
They left and said they would phone with a decision on whether or not hey would take the car. They never heard back from the couple.
Two months later they got a call from a garda station in Dublin and were told that they had a man who hade paid 17000euro for a mazda car that was registered to them , same reg etc. yet their car was in the drive way !
The romanian couple got the details of my aunts car and robbed another mazda got a reg made with my aunts reg and details etc and sold the car onto this poor man who is now 17k out of pocket, now thats a scam !!!
 
paddyd said:
I seriously doubt that ad is a scam. If the Kia is 22k new, then 16k for a 1yo Kia is not uncommon unfortunately. The details all look legit too. Also, with no disrespsect to the OP, scammers usually pick the mass market models, X5's, A4/3-series diesels and the like.

Back OT though, I don't think you should expect more than 16k from any garage, and perhaps only a Kia garage will take your trade-in.
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I'm just going by carzone. Not that its that accurate. Just that the 16k car has 5k on the clock. The next nearest one is 17k with 30k. All the rest range from 20~23k with 3~13k on the clock. As you say probably unrealistic considering they are around 22~26k new. But that 16k one really stands out from the pack, as the scammers cars do. That said, Could be someone who just need rid of the car quickly and has a valid reason.
 
heretohelp said:
my model is 22900euro new. i got offered 19k today in one garage and 20500k in another. neither were kia dealers.
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grab it with both hands! What car are you looking at buying? I can't see where they are getting any margin by offering 20.5k trade-in :)
 
heretohelp said:
Why do you say that ??
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because neither of them hold their value that well.....thats all

as killybram suggests, if depreciation is a factor, then get a Toyota or VW as they will definitely hold the value better than the Mazda or Hyundai
 
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