OcUK Car Traders - help!

monkey_boy

monkey_boy

monkey_boy

Associate
Joined
15 Aug 2006
Posts
1,764
Location
Leicester UK
Hi All,

I'm toying with the idea of changing the X5. Obviously one of the first things to do is to see how much it's worth. If you guys could give me an idea of what I should be selling it for either PX or Private, I'd really appreciate it.

Also, how useful is AT for determining the value of your car? How should I view the figures that come from the free valuation sites?

The car:
2004 '04' BMW X5 3.0d SE Manual, 64k, Dark Green, FBMWSH, full leather memory seats, no nav or BT.

Cheers,
 
I'd say looking on PH and AT will give you an idea how how much your model/spec is going for. Then chop a chunk off if you're going to PX it.
 
Yea I've tried that but there seems to be such a massive difference between AT and Glass's guide, that i'm struggling to come up with anything useful.
 
Personally I would study AT for cars with around your age/miles/spec and use that as a guide. Obviously the lower the price quicker it will sell.

Things which are going to count against you price and customer intrest wise are the manual, green and no Nav parts so take that into account :)
 
BMW X5 SE
3.0TD Diesel 5-door Station Wagon
6 Speed Manual Four Wheel Drive
Year: 2004 04
Mileage: 64,000






Part-exchange Price:
Excellent condition:
£9490

Average condition:
£8610

Below average condition:
£7610



as said the colour may well not work well for you
 
Thanks Rotty. I've got the same figure from Vauxhall's website, but looking at AT suggests there's nothing similar for less than £11k. Is an independent dealer really looking to see £2.5k profit on a £10k car?
 
monkey_boy said:
Thanks Rotty. I've got the same figure from Vauxhall's website, but looking at AT suggests there's nothing similar for less than £11k. Is an independent dealer really looking to see £2.5k profit on a £10k car?
Click to expand...

Not all profit he has all the usual business expenditure, traders insurance etc and also would / could have a few bits done to the car to bring it up to scratch for retail.
 
I was under the impression that a trader would be looking to make £1000-£1500 off of something at this price, so £2500 minimum seems steep. I am expecting the manual gearbox to go against me but the other manuals on AT with otherwise similar spec are on at £13k!
 
This car wouldn't be valued using Glasses, more and more traders are ditching Glasses as their prices vary massively from CAP and are now very inconsistent not to mention finance companies use CAP to set a max advance for a finance agreement.

Your car books @

£6800 Below Average
£7575 Average
£8250 Clean

The things that really don't help your car is it's colour and the fact that it's a manual not to mention that it's got nothing going for it in terms of spec.

If the car came to me as a part exchange I'd be looking to pay around the average mark.

And I'd retail it for £10k -£11k

Thing you've got to remember is after I've paid £7500 for the car and sold it for say £10250, I've already spent £100 on a warranty, £200 servicing it, £200 getting it through an MOT, £250 painting it to be perfect, few hundred quid in getting his px right, and then 20% of that remaining profit to the VAT man.

It whittles it down quite a bit, I think if you can get £8k part exchange then you've got a good price for it!

Privately I doubt you'd get £10k for the car.
 
Is CAP generally more pessemistic than Glass's Maz? I've got Glass's but not CAP.

Does CAP give you a retail value? Whats retail on a Pro Nav fitted 2008 335i M Sport with average miles and a manual box? Be interested to compare it to Glass's.
 
[TW]Fox;19246788 said:
Is CAP generally more pessemistic than Glass's Maz? I've got Glass's but not CAP.

Does CAP give you a retail value? Whats retail on a Pro Nav fitted 2008 335i M Sport with average miles and a manual box? Be interested to compare it to Glass's.
Click to expand...

CAP is better for most stuff where as Glasses is miles away and only rarely consistant with market prices and values acheived, I value all my stock using CAP and not Glasses, and I underwrite cars using CAP and not Glasses.

Just looked up an 08 with 30k miles, retails at £20k without NAV - doesn't give me an option to value with NAV which would basically then be down to a judgement call.

If it came to me I'd retail it for £1k-£2k more for a car with NAV.
 
Maz said:
CAP is better for most stuff where as Glasses is miles away and only rarely consistant with market prices and values acheived, I value all my stock using CAP and not Glasses, and I underwrite cars using CAP and not Glasses.

Just looked up an 08 with 30k miles, retails at £20k without NAV - doesn't give me an option to value with NAV which would basically then be down to a judgement call.

If it came to me I'd retail it for £1k-£2k more for a car with NAV.
Click to expand...

Do you use CAP because you're a trader and CAP gives you a bigger margin between PX and sale value? ;)
 
Maz said:
CAP is better for most stuff where as Glasses is miles away and only rarely consistant with market prices and values acheived, I value all my stock using CAP and not Glasses, and I underwrite cars using CAP and not Glasses.

Just looked up an 08 with 30k miles, retails at £20k without NAV - doesn't give me an option to value with NAV which would basically then be down to a judgement call.

If it came to me I'd retail it for £1k-£2k more for a car with NAV.
Click to expand...

Seems like Glass's is a bit high then, it places that car - but with 38k as I cant be bothered to fiddle with the mileage table - at £22125 retail with 19 inch wheels and Pro Nav.
 
Dabbles said:
Do you use CAP because you're a trader and CAP gives you a bigger margin between PX and sale value? ;)
Click to expand...

Not necessarily, it's just more consistent with prices, CAP retail prices are generally taken as gospel by insurance companies, finance companies and auctions.

So a Glasses margin might be higher for a particular car, but the CAP trade and retail price will be more realistic.

Fox well it's in the same region, the 8k mileage difference won't make a massive difference in price.

So £20k + £1k - £2k for NAV. In the same region and not too far apart - which can't be said for things like Range Rovers etc.

This spec BMWs are frequenting Manheim auctions at the min as they host a sale for cars provided by BMW UK (Trade only sales) and they just about make CAP average, rarely over clean.
 
Last edited:
You must log in or register to reply here.
Back
Top Bottom