Hi all,
I am a newbie in the car buying game. What i cannot understand is the following:
According to most surveys, car is only worth 40 percent of list price after three years ( i presume this is trade-in value to the dealer). I have no experience of buying new car and trading in after three years so i take this as gospel.
I am looking to buy a three year old mazda3 (but it is the same for ford focus and opel astra). The prices that i am being quoted both privately/dealers on carzone.ie, buyandsell.ie, papers, etc are 14,000-15,000 euros average.
The list price is 21,000 for the base model which i am looking at.
This percentage is approximately 70 percent...
Am i missing something here? Surely dealers are not turning around cars and making a 30 percent profit?
How much of a discount on these asking prices should i be expecting?
With this in mind, The other option i am looking at is buying a new toyota corolla and trading in every three years.. has anybody any experience of what type of trade-ins you would get from toyota on trading every three years?
Thanks,
R
I am a newbie in the car buying game. What i cannot understand is the following:
According to most surveys, car is only worth 40 percent of list price after three years ( i presume this is trade-in value to the dealer). I have no experience of buying new car and trading in after three years so i take this as gospel.
I am looking to buy a three year old mazda3 (but it is the same for ford focus and opel astra). The prices that i am being quoted both privately/dealers on carzone.ie, buyandsell.ie, papers, etc are 14,000-15,000 euros average.
The list price is 21,000 for the base model which i am looking at.
This percentage is approximately 70 percent...
Am i missing something here? Surely dealers are not turning around cars and making a 30 percent profit?
How much of a discount on these asking prices should i be expecting?
With this in mind, The other option i am looking at is buying a new toyota corolla and trading in every three years.. has anybody any experience of what type of trade-ins you would get from toyota on trading every three years?
Thanks,
R