Part Exchange for S3

David83S1

David83S1

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So........I have my S3 order placed and have my current car built into the deal as a part exchange. My current car is a DS3 Dsport 1.6THP 155. The car was valued by Audi in November @ £9500 and the HP settlement figure from Citroen was £8500 giving me £1000 towards my new car.

Now...... Once March comes along this will have changed. The settlement figure will be £7442 and I do not expect my car to have depreciated by that time .......so I should push for a £2000 equity figure ...right?

Things I am not sure of:

1. I signed my contract for a £1000 equity in my car ......I assume this can be changed?
2. The new reg will be looming in March ....Will this drop the value of my current car?
3. Anybody else had a similar scenario whereby a figure is agreed on signing ...but then it changes at the point of exchanging?


Any help much appreciated :)
 
You're very lucky if you have a guaranteed trade in value for March. I couldn't find any local dealer that would fix a trade in price.
Perhaps the £1000 includes decrease in value along with the associated reduction in settlement.
 
Well ..... the way I see it is simple ....The car is worth £9500 ...the settlement is £7442 ...... I get £2000 in equity. I cant see how it can be any more complicated than that really?

My contract states £9500 for my car based on £8500 HP settle.

Will be interesting to see how they intend to manage this.........I can see my haggling hat coming out again ;-)
 
When i'd looked into part exing the A3, they offered to hold it at the difference between the trade in and value so i would like to think they'd do the same for you. If they've agreed £2008 equity then thats what you should get. All they do is adjust the figures so say in march settlement is £6992, they give you £9000 based on £8000 HP settle.

Hopefully thats what they'll do.

Si.
 
Psyman79 said:
When i'd looked into part exing the A3, they offered to hold it at the difference between the trade in and value so i would like to think they'd do the same for you. If they've agreed £2008 equity then thats what you should get. All they do is adjust the figures so say in march settlement is £6992, they give you £9000 based on £8000 HP settle.

Hopefully thats what they'll do.

Si.
Click to expand...
Thanks Psy .....that helps me understand a bit more of how they might manage it. i might be clutching at straws to hope i might get a bit more equity from it ?!!!?

Maybe if i play hard ball and then do a deal on a service with them ....... they might be more willing to negotiate rather than money off the figures.
 
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I didn't bundle my car in with the deal, I just said you will need to buy it off me before I change cars. As it's an Audi only dealership they will just pass it on. He wouldn't give me an exact price until closer the collection date, but did say it would be around £13,000-£13-500 going on todays prices.
I got a price via the car buying service on the 31st December, they came in with £13907, that price ran out today! So 5 days later I did another quote and it's come down to £13633 (I presume mainly as we are now year 15 rather than 14 when I did the first quote!). So yes I would expect your car to depreciate after 4 months and going from 2014-2015.

I wouldn't hold my breath to get another £1000 out of your car, you have already said that you have signed a contract for £1000 equity in your car. They will just pay off the outstanding £7442 direct to the finance company, put £1000 into your deposit/deal and then sell your car on for what they can get for it.

If in March they said to you that Audi has put the price of the S3 up by £1000 to buy...would you pay the extra £1000 or wave the signed agreement in their face?
 
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I had a valuation of £9.4k on my Lexus in October that was honoured 9 weeks later. £2k above trade value plus a good discount on my S3. Very happy.
 
Hi S32B .....good points well made. I can agree with all of that, but I will be sticking with my theory of if my car is still worth £9.5K and the HP settle is £7.4K ....then I will push for a higher equity .... and if they don't budge on this I could possibly use it to negotiate my service plan pricing down (Or free)

The contract I signed is out of date already as my HP settlement will have changed so I don't see how they can wave it in my face. It doesn't mention £1000 .....it just states £9.5K value and £8.5K HP settlement.

What pricing site did you use S32B?
 
Oh right it's just that you posted "1. I signed my contract for a £1000 equity in my car". Going on that it just means that they have agreed a price to buy your car, they will pay off what is owed at the time of taking ownership and give you £1000 towards the new one. Did they ask how much you were paying for the car each month to come up with the price they gave you?

The site I used is http://www.thecarbuyingservice.co.uk/ unlike another well known one the money is in your bank the same day and they have no admin fee, so the price you see is what you get...plus it was a little bit more than the other we buy any car site!!!
 
Yep they asked how much I pay each month so would have worked it out I guess. Just been on that site and it valued my car at £8125 lol ...... not surprised as Webuyanycar came in at £8000. I wouldn't take these valuations as realistic.

Might be worth an email to my Audi sales executive just to test the water on this.....see what he thinks will happen.
 
Have you tried going direct to a Citroen dealer? I called the dealership that did the first service on my Vauxhall and he told me to phone back a week before I'm due to give Audi my car and he'll give me a price. TBH if it's less than £200 I'll just let Audi have it for the hassle free side of it, far easier just to drive in with one and out with the other! Going to the Vauxhall dealer means a 14 mile trip from home to there and then getting from there to Audi which is another 15 mile. Home direct to Audi is 3 mile.
 
I had not thought of that as an option ...... Might give them a call tomorrow and see what they will be willing to offer.

I do not have any issue with informing Audi I have received a better offer and will give them cash instead of a car. I have the use of an Audi A5 black edition to see me through ;-)
 
As long as they get their agreed £1000 deposit I can't see a problem (check with them). But if you can sell it now and make more than £1000 after paying off the finance then I'd do it. It also means you are saving between now-March on car payments.
 
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Its not unheard of to get a guaranteed equity on your trade in.

I had to wait 5 months for my S3 and negotiated my trade in would have £1,500 equity. I was happy with that so it worked out.

If you can sell your DS3 privately you will always get a better offer in my experience. Hard to know what the car market will do before you get your S3 but I doubt your equity will increase by the bucket load during the wait period.
 
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I was surprised that you assumed your present car would not depreciate. They go down all the time.
However, i did get a valuation for my car that was honoured 29 weeks later when my A3 arrived.

Just ask the dealer how it all works. They are in control (if they get the old car) so it's a waste of time speculating.
 
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I must admit after doing what I usually do with these types of things (Pedantic, OTT, Obsessive) .....I am thinking is it really worth the hassle? Lol I am probably just doing this to kill some time after exhausting every existing piece of S3 media (I am not even kidding)

I have however sent an email to my friendly Audi dealership to ask whether I will enjoy an increased equity if one is due.

We shall see! Will get a quick quote from Evanshalshaw too for good measure
 
I arranged PX then sold my car privately. As I recall as long as I had sufficient deposit they were unconcerned about where it came from. They did let me adjust the deposit just before I collected the car though (when you actually sign the papers), I increased the deposit as I'd made significantly more cash through the private sale than they were offering on trade in.
 
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Thanks Fibble ..... that helps a lot !! I need to figure all this out and see what the best option is ....
 
Had a response from my Audi garage today ..... No further news on the S3 including no build week info???? He said it is still on track for the 1st March though (Would be nice to have a build week). He also responded to my question regarding Part ex and said "Once I get a confirmed delivery date I will get you to come in and we can re look at the figures" ....

That sounds good to me ......but we shall see what the outcome is after this meeting :)
 
David Northen said:
Had a response from my Audi garage today ..... No further news on the S3 including no build week info???? He said it is still on track for the 1st March though (Would be nice to have a build week). He also responded to my question regarding Part ex and said "Once I get a confirmed delivery date I will get you to come in and we can re look at the figures" ....

That sounds good to me ......but we shall see what the outcome is after this meeting :)
Click to expand...

That sounds a bit odd to me! If he's saying a 1st March delivery then you'll need a build week around 3-5, 3 being next week. I would call Audi Customer Services on 0800 699 888
(Open Monday to Friday 8am to 6pm, Saturday 8:30am to 3pm) with your order number (an 8 digit number) and get a proper update.

Paul
 
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How strange, just had an email from webuyanycar to say that my car valueation has expired, it gave me a link to refresh it, I did and the price has gone UP by £400!!! :)
 
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S32B said:
How strange, just had an email from webuyanycar to say that my car valueation has expired, it gave me a link to refresh it, I did and the price has gone UP by £400!!! :)
Click to expand...


I had the same. Mine went up weekly for 3 weeks, but was still less than what I managed to get as a trade in. Seems a bit of an underhand tactic to me, but I suppose that's how they make their money.........
 
Well as long as it goes up, Audi told me they will give me a fixed price next month ready for March switch over. They mentioned when I ordered the car trade in price is based around WBAC prices! So let it go up and up ;)
 
S32B said:
Well as long as it goes up, Audi told me they will give me a fixed price next month ready for March switch over. They mentioned when I ordered the car trade in price is based around WBAC prices! So let it go up and up ;)
Click to expand...

I disagree that the Audi quotes are based on WBAC prices .....WBAC is quoting me £8.5K .....Audi have quoted me £9.5K .... Unless its a case of they look at WBAC and just add a grand?
 
Well that will do for me, WBAC is quoting £14k so I'd be chuffed with £15k :)
 
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Audi came in less than WBAC for me by £1800 - Audi was £10000 WBAC was £11800. Admittedly my miles are quite high but that is a big difference in favour of WBAC. I still plan to sell privately as I am sure I can get £14k for it
 
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