[srbs73]

I was just looking on UK websites and it seems they are priced at about 80% of the original OTR price for a 2-3 year old car. That just seemed a bit high. Has anyone purchased a used car recently?

Looking to sell a high-spec 118i and finding it hard to price.

[Soul_Glo]

https://www.businessinsider.com/used...eapest-2022-12

This article was an okay read.

The general views seem to be avoid buying one unless you really need it. However, the article mentions keeping away from high demand models is an idea.

It’s a sellers market for certain in demand cars. It’s not exactly a buyers market. So in theory, your 118i might just be in demand.

Your best bet is to have several dealerships value it in person (including non BMW). Online calculators provide a rough idea which helps but it’s not the be all and end all.

You might get more on as a part-exchange depending where you look. Good luck with your sale and upgrade.

[Soul_Glo]

Here is another very interesting read:

https://cardealermagazine.co.uk/publ...to-fall/279736

[srbs73]

Originally Posted by Soul_Glo

Here is another very interesting read:

https://cardealermagazine.co.uk/publ...to-fall/279736

Very interesting! Sounds like given the spec of the car, better to go in with a high price and see if anyone bites.

[Soul_Glo]

Originally Posted by srbs73

Very interesting! Sounds like given the spec of the car, better to go in with a high price and see if anyone bites.

Yes, it varies. It all depends on what the dealer is looking to stock and sell. Individual dealer supply and demand is a factor too.

You can start here to get a free CAP HPI valuation:

https://www.volkswagen.co.uk/en/used...-exchange.html

Be honest and realistic with it if you can. Good does not equate to 4 badly damaged alloys being acceptable.

Keep in mind this doesn’t take note of extras. If your car came with plenty of extras from the options list then this is a loose guide.

There are a number of types out there and these are only three examples:

1. We don’t care about your specifications and base it on mileage. Usually a non-specialist dealer or cheeky trader.
2. We’ll pay you a little more as it’s high specification and then they go and make a 25-30% profit when they sell it.
3. We want your part-exchange and we’ll give you X amount extra on it or Y amount off your new/used car with us.

It’s a heavily profit margin based model at the moment. Anywhere they can knock down a price they will etc. If it’s not selling they won’t take too much interest etc. High specification models appear to be most in demand.