6 May 2010
Do car dealers really have to pay to get rid of part exchange cars?
Author: admin | Filed under: MotorsI have a mate who saw Top Gear about once and he says that it costs some classy car dealers around £1000 to get rid of unwanted part exchange cars. and that if you ask them right they will sell them to you for not very much money at all.
I disagree; I don’t see why a car dealer would not take the opportunity to make even a few hundred quid.
Is my friend right? And if he is, how do I go about claiming one of these old cars for myself?
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Car dealers rip everyone off be carefull
Ive never heard of that before. I agree with you, i cant see them paying for a car to be taken away if they could make a few quid from it. If it is true, ill be at the nearest dealers in the morning!
When we get in cars like that, we want to get rid of them as quickly as possible. We have no use for them. We cannot resell them, we don’t want the bother of taking them to auction, and they look bad sitting on our lot.
If you are looking to buy something like that, simply ask the dealer about the wholesale cars that they just want to get rid of. Explain to them what you are trying to accomplish, and they should be more than happy to work with you.
They usually sell them down the chain to smaller 2nd hand car dealers
A lot of dealers collect “junk” which they’ve had to accept to get the sale and they don’t want lowering the tone of the forecourt. Quite often it is cheaper for them to flog them off at a minimal price just to get rid of them and save the hassle of sending to an auction. Or they pass them down the food chain to the cheap end of the market. They’ve already allowed for that in calculating the deal. Have a look round the back to see what I mean. Just ask, there usually is a collection they’re desperate to get rid of.
The price of scrap metal has greatly increased in the last couple of years, meaning that even a complete wreck is now worth a good few quid
apparently this is correct how often do you see old cars on a [for sake of argument a mercedes] dealership car lot you don’t they just want rid
Most good dealers will not ‘retail’ cars that they take in part exchange on their own forecourts unless the condition, age and mileage of the car are exceptional for the age and they can get given it.
So what they do is either to send them to auction and take whatever they get for the cars as the stand…..
or sell them directly to a trader, someone comes around and buys everything they have taken in PX the good and the bad. They rarely loose money although they are usually GIVEN the cars! The screen forecourt price is over inflated to such a degree (on the car that you are buying) that they can knock massive amounts off and still be in profit eg: Car costs £500 displayed at £3000 your car worth £1000, they give you £1200 for yours in part exchange and you pay a 1800 balance; you think you have got £1200 for yours but all that has happened is they have knocked £1200 from the screen price of theirs so you bought a £500 car for £1800, and have GIVEN them your car. They then sell yours at auction for another grand and laugh all the way to the bank.
It is worth asking dealers for one of their PX cheapies sometimes, you’ll buy it as seen, no warranty etc, but it should be cheap, some dealers will, some won’t. Contray to your belief though, you WILL have to pay for it, even if oit is a complete pile of junk (which most are, why PX a good car?), you’ll get a ‘cheap’ car or cars, but not I am afraid a free one!
And if you are ever buying….Ask the CASH price, the best price they can sell for FIRST, then bring you PX into the deal!