We thought its time we gave you some inside tips of buying a used car, then we thought we'd help with tips towards selling and thought why not also give you info on what to do with your part ex so here's a full inside guide.
Firstly decide on if your going to be part ex's your car in exchange for a new one.
Then do your research on what your car is worth. There is always 2 prices, a selling price and a part ex price. Your selling price is always more. Your part ex price can vary depending on the value or how popular your car is. As a rough guide always work at £1000 less than its selling price. If you want to get a more detailed part ex guide go over to Autotrader and on there homepage is a car valuation tool. I can tell you now there's nothing worse for someone in the trade than a customer with unrealistic ideas on the price of there car. I've often had people wanting £1000's more than I'd successfully sell it for as a part ex. Once you have Autotrader's rough guide remember this is based on Good condition so go check over your car for any pitfalls a dealer might pick up. Check your MOT and service history is up to date. Now your armed with enough information you have a figure on which you can haggle with which is honest and true to your car. If the dealer is NO where near autotrader's guide could mean 2 things, you or him have miss priced the car, in this respect try a webuyanycar search for its ROCK bottom give it away price. The other answer may be the dealer has simply priced his car for cash buyers and is working on a much smaller budget.
If your route was to sell your car, follow all the above as if your where to trade it in, then the next steps are to MOT the car if very short, fix any issues with it, and do any outstanding jobs, all these will help your car sell. Next is to advertise it, you could sell it your self or you could use someone like our self's to sell it for you on your behalf most car dealers offer this service. We take a profit and a charge for any warranties and outstanding jobs, normally you will end up with more than if you part ex's but less than if you sold your self. We normally say cars under £10,000 can be sold privately fairly easy however we normally say over £10,000 privately you may struggle without a dealers help because of people wanting to partex and finance the car.
Now your ready to buy, if your trading your car in be aware dealers are less likely to want to discount the car to you as in theory its like giving you more for your part ex, Cash buyers, Finance buyers always get a better deal. Cash price means a NON part ex deal, so your paying the full balance without trading anything in.
Do some research on the car you want to buy, check price of tax, running costs, service and repair costs, if your not sure ring the dealer before visiting. Next check the insurance cost. There is nothing worse for you or the dealer than getting to the end of finishing a deal and then you say the insurance
is too expensive. So check this before visiting a forecourt.
Next check you happy with the price and any packaged extra's. I always say when buying from a dealer you normally don't need to HPI the car as its normally done by them however if unsure for the small outlay of the check just pay for it or ask the dealer to preform in front of you. If your taking finance with the dealer then there's no need to HPI it as the finance company are just as liable for the purchase as you. If buying privately ALWAYS HPI the car.
When you check the physical parts of the car do it on a dry day, make sure the car is dry and its light outside, Start on 1 side and go round panel to panel, check the tyres, look at the brake discs, next open the door panels, boot and bonnet, check for any painted screws that look like the panel has been replaced. if in doubt have the car checked by a local garage you trust or use a national inspection company like AA/RAC. Yes the checks are not cheap but if they find a problem that cost £200 to fix you saved money.
Next check MOT and service history, call 1 or 2 of the service stamps numbers to check the stamps are real, there's some dealers out there who fake service history and if service history is important to you check it. Don't be too worried if its missing a stamp in the past sometimes if the mileage was very low people skip services it could also of been off the road. The most important service stamp is the last service stamp.
These are just some basic rules to follow.
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