Audi Offered Poor P/X

DampCat

DampCat

DampCat

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Leafy Cheshire
Looking for advice really.

Audi offered 7.4k for my late 2012 A3. FSH, 30k miles, 18" Alloys (addmitedly need refurbs), parking sensors, metallic paint blah blah. I'm looking at going for a late 15 TT.

Now, i thought that was insulting. I popped on to Parkers to appease myself and found the following:

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The "adjusted" prices are with the factory fitted options and lower mileage included (basic price is at 50k).

Am I wrong to be annoyed by the original offer? Should i be pushing for the 11k or am I honestly look at 7.4?

Also can someone explain what all the options are? Franchised Dealer etc.. is that like if i sell it to a Lookers?

I'm not looking to "win" because i know im not going to, but i dont want to lose catastrophically.
 
The value between Guide and Adjusted seems miles off. Frankly most options will add nothing come trade in either.
 
Put your details into we buy any car and adjust for defects, being very critical. Which price is it closer to?

From a quick look I'm not sure that even Audi would ask £11k for your car so I would suggest the value is extremely optimistic - you're probably down closer to their initial offer
 
Autotrader suggests 9-13k for similar cars. I mean, even 9 would be better.

Audi themselves have an almost identical car listed at 10,900. I dont understand margins, but if they could sell it for 10,900, what could i ask for it?
 
DampCat said:
Autotrader suggests 9-13k for similar cars. I mean, even 9 would be better.

Audi themselves have an almost identical car listed at 10,900. I dont understand margins, but if they could sell it for 10,900, what could i ask for it?
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If they have a similar car for £11k then £2-£2.5k would be plenty to cover their overheads and margin, but there's almost no way they're going to bounce up from close to £7k to close to £9k

I suspect you could get £9k privately easily enough - shouldn't be a difficult car to sell
 
This car is worth 7500 quid trade adjusted for mileage according to Glasses.

To expect materially more than this seems unreasonable - it's retail sale value is somewhat less than 10k.
 
arfoll said:
Somehow adjusted price vs new is 3240GBP diff, but part ex is 3346GBP diff? The adjust price on parkers seems to be a little on the optimistic side, options add very little... I'd look at autotraders to see what they are going for.
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£3140. Definitely seems amiss for the options to have appreciated in value by over £200 since fitted in 2012, especially if they "need refurbs". Dealers will probably be looking at CAP valuations for a guide so run a check on https://hpivaluations.com to see what it comes out as.
DampCat said:
Also can someone explain what all the options are? Franchised Dealer etc
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Franchised dealer = Price a dealership operating under Audi franchise would be wanting for it. Largely irrelevant here, more use when looking to buy.
Independent = Price an independent dealer e.g. "Honest Dave's Legit Motors Ltd" would be wanting for it. Largely irrelevant here, more use when looking to buy. Cheaper than above as may have inferior warranty and/or not subject to same checks as an 'Approved Used' scheme operated by many manufacturers via their franchised network.
Private Good = Price you would expect to get privately assuming good condition, FSH, two keys etc
Private Poor = Price you would expect to get privately assuming cosmetic damage worse than expected for age or mechanical issues, patchy service history etc
Part Exchange = Price you could expect on a p/x assuming in good condition, bear in mind the age/mileage of the vehicle here as older cars will likely go straight to auction rather than be put on the forecourt so there is less margin in it for the dealer. As your car is reasonably specced, low mileage, under 5yrs old there is a chance it might get resold by the dealership/franchise themselves which would suggest to me pushing for more money out of them.
 
Fair enough. It just leaves me in a fair bit of negative equity. I guess that's just how it goes, I wasn't really paying attention at the start cause I wanted the car.

I'm considering a loan at a far lower APR to settle the finance now and just giving it to the missus as she's looking around now.
 
Value isn't going to be high. It's nothing special and there's loads of them around.

If you want a high resale value you need to buy something relatively rare and something that petrolheads want.
 
I wasn't really looking for high resale value, I just honestly thought it was worth more. I'm just trying to minimise how out of pocket I'll be.
 
nick.lidgett said:
Be honest with Audi, tell them your settlement figure, maybe they can blow the figures on your new car, may be beneficial if the APR on the new car is cheaper than a personal loan.
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I would recommend doing this. When we were changing the Mrs car from a Fiat 500 to a Qashqai we were still on a PCP and needed to at least settle at the PCP value. I told the sales guy what I thought the settlement was, after some back and forth with the sales manager (as they do) they came up by around £1500 on the original offer to clear the PCP. Anyway when we shook and done the deal I checked what the actual settlement was and it was around £500 less than I thought so we had a bit of a result there.

Worth a punt!
 
That is one route. I did that with my 335d and got an extra £800 for the trade in to clear the PCP that was in place. After I had negotiated all I could off the 5 series.

Another option, so long as you have paid at least 50% of the total overall cost, is voluntary termination. That means you can just hand the car back and not pay any more. You can even get away with being over the miles if you want to go to court over it, else you can just pay the pence per mile cost. It'll be in your original contract that you are able to do this.
 
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