Do it?

You're not obligated to part ex with the dealer. Why would you turn down more cash from elsewhere.

 

That’s true

 

I do agree that you are not obligated.

The issues are mobility, planning and execution of the P/X at one place, collecting the new car at another. What do you do while you don't have a car? What happens if Motorway, negotiate you down? And so on.

If you have a second car in the family and you are pretty confident that you can manage the rest... how much is the hassle worth it to you?

Good luck in your sale/purchase, it is a good place to be in at the moment.

 

Yes that’s a very fair point and one that I am fortunately in a good position to workaround. Just hadn’t realised how much second hand cars had gone up recently. There is the chance that Motorway might negotiate down. I haven’t shared photos with them as yet.

 

I bet Motorway will argue the price down by £2k when they see all the little scrapes & dings. Isn't that the usual rigmarole?

 

Yep maybe. The alloys have some nicks

 

No, they don't if you provide enough pictures and are fair in your description.

Same with WBAC.

We sold our last car through Wizzle, which is carwows version. It just puts your car infront of 1000s of dealers to bid on. They turned up, drove it away no questions asked.

The logistics side is easy you can arrange they collect on the same day you collect yours. Or just get a hire car in between, friends to help and so on.

 

No, they don't if you provide enough pictures and are fair in your description.

Same with WBAC.

We sold our last car through Wizzle, which is carwows version. It just puts your car infront of 1000s of dealers to bid on. They turned up, drove it away no questions asked.

The logistics side is easy you can arrange they collect on the same day you collect yours. Or just get a hire car in between, friends to help and so on.

Yes I will need to provide photos and see what they say. It’s pretty clean apart from a couple of the alloys having some kerb rash,

 

I sold my car with WBAC. Excellent!

They give you a price based upon your description or assume it's perfect.

When you arrive, they have a set format of any damages and a corresponding price reduction. So on mine they assumed perfect then knocked off £168.50 for each panel with 5 stone chips or less. Fair enough. Other combinations/levels of damage are also listed.

Price agreed, money in the bank the next day if you pay a next day fee, as I recall £25.00 or wait 4/5 working days and it's free.

With mine there was an admin charge of £75.00 I think because of the value?

All good, so my mate who is in exactly the same position as you is going to try it. He's got a trade in price, going to get a WBAC price 2 days before the deal, and if
it's better, then go to WBAC the day he picks up his new car. I'm giving him a lift. If it turns out wrong, no problem, just walk away and go back to plan A dealer trade price.

It's a bit of a no brainer really.

Keep us posted on how you get on. 👍

 

Thanks Geoff. I think am going to flag to the dealer the option of possibly going elsewhere with the PEX if I get an offer it would be difficult to refuse. Will wait to see what they say

 

I sold my Leaf 30kwh through Motorway. It was in very good condition and I got the price they offered. It was collected next day by a dealer from the IoM, although Motorway say it can take up to 3 weeks.
The car is now up for sale in the IoM for over £4000 more than they paid me! Overpriced compared to other 30kwh Leafs, but maybe it's an IoM thing?

 

My old car is now showing deposit taken! £15400 for a 66 plate Leaf 30kwh with 22000 miles and a 6.6kw charger seems insane money, but maybe that's a bargain in the IoM? 😳

 

I can vouch for Motorway as well. Sold my last car with them and got exactly as was offered, they won't haggle as another dealer will be behind them wanting it. A pal last week sold his car through them and he could not believe how painless it was. he has only had the car 6 months and he got more last week for it than what he paid a dealer for it 6 moths previously.

 

Just to trump all the stories, we got offered 12k for our Volvo V60 PHEV from motorway; we got £13695 transferred into our bank account a week later. And just to upset myself, we'd probably get even more today !!

 

Three things to add....

1) Just ask the dealer to match the Motorway offer. Even if they can't / won't they may get close enough you are happy.

2) The price on the new car may have been discounted more because of your PX (So they have adjusted the PX down to save VAT on the new car). - So if the new car is discounted by £1500 say and then you pull the px they may put the new car up a bit.

3) Check the new car price doesn't include a "PX bonus" otherwise again the new car may go up in price if you pull the PX.

But certainly try - new cars are on about 6 month wait at the moment but used cars are in very short supply - The dealer will sell your new car easily if you don't want it, but he will pay all the money for the used one if it's desirable.....

 

I haven’t heard back from them since I emailed on Sunday so will have to wait and see. There was no significant discount on the new car apart from an advertised dealer discount circa £700 applicable in the week I ordered it.

 

In exactly the same situation, 225xe is 'worth' 2ish more on motorway than the dealer offered. But got a decent discount off the new car, and I'll be honest, even if they give me the exact price they offered (they won't let's be honest) I just cba with the grief. With the dealer I don't need to worry about speaking to finance company (bmw) or getting any of that sorted, don't need to worry about finding all the paperwork, don't need to worry about getting to pick up the new car etc, etc.

But all depends I suppose, what's your time and agro worth to you?

 

In exactly the same situation, 225xe is 'worth' 2ish more on motorway than the dealer offered. But got a decent discount off the new car, and I'll be honest, even if they give me the exact price they offered (they won't let's be honest) I just cba with the grief. With the dealer I don't need to worry about speaking to finance company (bmw) or getting any of that sorted, don't need to worry about finding all the paperwork, don't need to worry about getting to pick up the new car etc, etc.

But all depends I suppose, what's your time and agro worth to you?

Someone hasn't read the responses in the thread.

If you're honest in your description they won't knock you down.

You don't have to do any liaising with BMW finance, the purchasing company be it through WBAC, Wizzle, Motorway etc will pay off the finance for you and send any residual cash to you. They'll also sort out the V5 change of ownership into the trade.

When I sold my Karoq a couple of months ago someone collected it, paid off the finance and sent me the remaining balance there and then of which I had confirmations by email etc.

Don't be fooled into thinking the dealer is doing you a favour, they're not they're making as much money as possible. Treat the two transactions seperate. Don't confuse the two, you agree a new car purchase price you then agree a part ex. If not happy with one then pull out, that's how dealers suck you in by making you think you got a great deal by knocking "more" off the new car but making that back and probably more via the part ex.

 

And if you manage to squeeze them hard enough, you might just manage to put the new car dealers out of business entirely. Think how fabulous that would be, no more messing about with test drives, or having someone there to talk to about spec and so on. Buying a car could be like buying a pair of pants, just get the cheapest, that you like the look of and sit there all day really uncomfortable.....

Carwow already means most dealers lose money on new cars (yes, really) and have to cover that by making money on used cars. Motorway and WBAC don't have those costs (the new cars) so can afford smaller margins on used cars.... So you could end up with no more main dealers and having to use 2 dealers to change your car, those who sell new direct from manufacturers (see above ref buying without demos etc) and all used stock going to back street garages with rubbish warranties etc.....

I don't agree with dealers ripping people off - but I also don't like the fact it's getting hard to even make a profit.... and sooner or later we'll end up with a car sales model that makes it cheaper to buy a car - but a whole lot less helpful and almost impossible to get demo's and so forth.....

We need manfacturers to brave up, cut prices a bit, but then not use discounting and cut people like Carwow out, and offer a good, fair deal out the box - but retain enough margin to stay in business......

 

And if you manage to squeeze them hard enough, you might just manage to put the new car dealers out of business entirely. Think how fabulous that would be, no more messing about with test drives, or having someone there to talk to about spec and so on. Buying a car could be like buying a pair of pants, just get the cheapest, that you like the look of and sit there all day really uncomfortable.....

Carwow already means most dealers lose money on new cars (yes, really) and have to cover that by making money on used cars. Motorway and WBAC don't have those costs (the new cars) so can afford smaller margins on used cars.... So you could end up with no more main dealers and having to use 2 dealers to change your car, those who sell new direct from manufacturers (see above ref buying without demos etc) and all used stock going to back street garages with rubbish warranties etc.....

Sorry but this logic is the same as shopping around for car insurance or energy ... the market is competitive. Dealers have to provide something more than sales to stay competitive, service that you actually trust for instance, or genuine knowledge about the vehicles beyond what's in the brochure.

As Tesla has shown most people would be happy to buy online, why is this a problem? I guess you feel sorry for the people who lose their jobs but in the end that labour will find a place, the world will never have enough salesmen.

 

For gods sake dont feel sorry for the dealer - we P/Exed a Zoe 40 for our ZE50, which was a grand or 2 less than others because of relatively high mileage, so we took £7k for it. 2 weeks later, it looks like they sold it for £13k !!! Id have been really upset if the volvo deal hadn't been so good. But lets be honest here, although we did better than in normal times, and as has been said before, certain cars will actually have made people money (strangely the cars that only the already well off would have been able to afford !) the dealers always always win, so go the extra mile to save, because over all the years and all the cars, adding up all your losses is a very very sobering exercise.

 

so we took £7k for it. 2 weeks later, it looks like they sold it for £13k !!

Similar to you, Got £11k p/x (as deposit) for Zoe 40 (Mar 20) for MG and they sold it Aug 20 for £14.5k. (AFAIK still with the battery lease)

 

I have a 71 plate car on my forecourt with 11miles on it..... less than a month old

Owner bought it online, didn't like it, found he couldn't return it because of the catches in the 14 day "returns policy"... hated it.

So saved £120 compared to what his local dealer was charging by buying online and lost £3000 part exchanging it into us...... buying from a dealer is barely any dearer, a hundred pounds or so, but the ultimate cost is ending up with something you hate....

As someone said, Teslas are white goods, you buy forthe numbers not cos you like driving - fine to sell online, but good cars...... they need to betest driven

 

I took a risk buying my Leaf in January online but it turned out fine.

I am flabbergasted that anyone will pay £50k+ online for a Tesla which comes with no PDI. If you find problems you can return or book it into a service centre to be fixed apparently. It's 30mile each way to my closest sc.

 

When I bought my i3 I had a BMW X5 to trade in. The dealer was very specific in saying that they would offer a trade-in price but I was welcome to sell it privately if I could do better (which I did). This has also been the case for other vehicles I have sold.

 

Just a quick update ……thanks for all your inputs. I did speak with the dealer this week about the part exchange. The opportunity to do so was helped by the fact that the purchase/sale doc had not been signed off although the order for the car has gone through.

They explained that the vehicle valuation they have provided will not be reduced and allows for the fact that I will retain the car until the new one is delivered in early December and I will add miles over that period. This seems very accommodating and reasonable. The dealership also confirmed that there is no issue if I choose to sell the car privately. So I am pleased that I have spoken with them.

I must say the dealership have been really good throughout the purchase process. They were the only one of 4 dealerships to offer and provide me with a test drive of a particular model and they were the first to enable me to view the new spec of that same model.

 

They explained that the vehicle valuation they have provided will not be reduced and allows for the fact that I will retain the car until the new one is delivered in early December and I will add miles over that period. This seems very accommodating and reasonable.

Then again you have to weigh the fact that most EV are depreciating massively slower than ICE and may even be appreciating. Your dealer could stand to make more the longer you hold on to the car. Probably not a lot but certainly enough to make the accommodating and reasonable to sound a little false.

Don't forget you're still making the payments and the amount you owe will definitely be less come the day of handover. I'm not surprised he's being reasonable.