Trade in same model with more miles

[TW]Fox;24193366 said:
Unless your dealer offers a straight swap then of course you are losing money.
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The dealer wants £2k more to swap a car you bought for £5 (to make the example easier to understand) for one that he sells £12 (and I could then sell for £10). Where am I losing money?
 
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mranderson said:
The dealer wants £2k more to swap a car you bought for £5 (to make the example easier to understand) for one that he sells £12 (and I could then sell for £10). Where am I losing money?
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You're paying £2k for probably £500 added value over a car with less miles?

You're going to lose more value in your newer car as the mileage increases than you will in your current car.

You have no tangible benefit other than a "feel good" factor.
 
mranderson said:
I've met the one and only owner of the other car and being in the mid 50's I don't think he has "abused" the car in any way. All services by Citroen dealer and car in mint condition. Did a test drive and all ok, would even say the suspension felt better and was less noisy over bumps.
On the other hand my car has had 3 owners, one of who did 40k in one year.
As I said, trade money is more that what I paid for the car so I am in a good position at the moment.
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All pretty irrelevant, you're trading in a **** sandwich for a **** sandwich with ketchup on and handing over your hard earned for the pleasure.

If you're going to trade in, at least pick a decent car from a decent manufacturer with a decent dealer network.
 
Not sure why you bothered to make this thread. Its clear you've made up your mind so just do the deed and be happy unless you need ocuk motors validation which I guarantee you won't receive.
 
mranderson said:
The dealer wants £2k more to swap a car you bought for £5 (to make the example easier to understand) for one that he sells £12 (and I could then sell for £10). Where am I losing money?
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The price paid for your car is a sunk cost and is therefore not relevant to the calculations involved in your investment appraisal for it's replacement.


What matters is the current value of both cars and the future value of both cars.
 
mranderson said:
Is that supposed to be an excuse? Seriously? Grow up.
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It's hardly an excuse as I'm not apologising. You ask for advice, people give their advice on what you should do, yet you argue that your idea is still the best plan of action.
Just do what you have to do, you obviously have no intention of doing what others have suggested. You were probably under the opinion that people would agree with you that it would be a cost effective idea....albeit, nobody agrees with you.
 
A correction to my previous post - I think that you're being idiotic, there is no guarantee that a car with 60k miles on will be less "trouble" than a car that you already own with more miles on - in fact, at this kind of price point it's a case of "better the devil you know", where you know what work has been done on your car, what needs doing etc. As opposed to a car that you've driven once and believe that the suspension is in better condition (Wishful thinking anyone?).

Despite the fact that someone did 40k in a year in your car, which in the vast majority of cases would be motorway use, which puts barely any wear on the suspension whatsoever.

Of course, if you want to spend around £2k changing to an exact same car but with a lower number on the clock, then feel free - but bear in mind that you won't be able to dodge the "servicing" bullet forever.
 
£2k to drop 40,000 miles off a Porsche or Ferrari? Yes please. £2k to drop 40,000 miles off a £5k Citroen C5? You've got to be kidding me..
 
mranderson said:
... is exactly what I will be saying to the dealer :p
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But it's a Citroen? they are worth about 50 pence once they are a few years old.

If you've looked after yours, why loose money on a senseless trade?

100k isn't a big deal for a car that's been well looked after, better the devil you know with this kind of car surely?
 
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