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Im in two minds about trading my mk2 for a mk3.

What prices are we looking at on trade in ?

Mines a fw, cp400, k sports, lowered, spacers, rs500 alloys, kms firestorm decat, just over 33,000 miles, im the 4th owner.

If people dont want to post exact prices thats ok just a ball park number would be nice :thumbsup:
 

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We buy any car will pay 19 ish for your car now and if you leave it till the mk3 comes out and you trade then ford will pay a lot less. If you are selling the mk2 because you are buying a mk3 then get rid now so you get the best deal
 

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Ford cannot put a trade in price any car at the moment until the new rs is built or available there and then. Book values change each month, downwards usually.
You can get a trade value now from a dealer as if you were doing a deal today.
For a rs Mark 2. 2009/2010 with 25000-30000 miles the value of a trade today would be around £17000. Dealers usually will have around a £3000+ mark up. We buy any car come up with a figure of £16800 for a 30,000 mile 2010 RS
There are quite a lot for sale on autotrader, dealers are listing 2009/2010 models with around 20,000-30000 miles between £20 -£21000.
You would still be able to do a deal on these prices if you were a cash buyer.
The new RS has no cash discounts so do not expect high px prices as they have to prep the vehicle and sell them on.
No dealer will offer £23000 on a 6-7 year old RS when you can buy a new one for several thousand more not even with 500 miles on the clock.
 

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Ford cannot put a trade in price any car at the moment until the new rs is built or available there and then. Book values change each month, downwards usually.
You can get a trade value now from a dealer as if you were doing a deal today.
For a rs Mark 2. 2009/2010 with 25000-30000 miles the value of a trade today would be around £17000. Dealers usually will have around a £3000+ mark up. We buy any car come up with a figure of £16800 for a 30,000 mile 2010 RS
There are quite a lot for sale on autotrader, dealers are listing 2009/2010 models with around 20,000-21000 miles between £20 -£21000.
You would still be able to do a deal on these prices if you were a cash buyer.
The new RS has no cash discounts so do not expect high px prices as they have to prep the vehicle and sell them on.
No dealer will offer £23000 on a 6-7 year old RS when you can buy a new one for several thousand more not even with 500 miles on the clock.
I agree with most of the above except the dealer markup. Of the 2 main dealers I have had associations with, neither would even make 10% on a £20k list price, it would be more like £1500 and they would also discount off this if pushed!

An independent second hand car dealer I know only puts £250 on every vehicle he sells but he does sell 15-20 cars a week and offers no discount!
 

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I agree with most of the above except the dealer markup. Of the 2 main dealers I have had associations with, neither would even make 10% on a £20k list price, it would be more like £1500 and they would also discount off this if pushed!
An independent second hand car dealer I know only puts £250 on every vehicle he sells but he does sell 15-20 cars a week and offers no discount!
I don't know of any dealer who will only put a £250 mark up on a vehicle costing them £17-£18000 to purchase. That may be true on a back street trader selling cars between £500 and £5000.
 

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If I was in a mk2 now and was thinking of selling, I would probably use a good wbac type company. I have 2 friends wanting to get into a mk2 :rs: But are now waiting till after the mk3 launch to see how prices are affected. This was my advice as now is the most uncertain time for value. They could be safe, pay £20k get a nice one but if prices drop like the mk1 did they would be foolish to buy now. They may as well wait until March and try and pick up a bargain. I would have thought anyone wanting a mk2 :rs: Now will be waiting also, hence suggesting the wbac route as the prices are still solid from them.

It might not happen, but it is definitely worth the wait. I will also be doing the same (one for the wife) hopefully my dealer will have 3 nice mk2 that I can squeeze even more on price in March.
 

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The option with the least risk, would be to sell now, private.

Values aren't going to plummy because the mk3 has been released, but will continue to reduce with age and milliage as they have done over the past few years.
 

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I don't know of any dealer who will only put a £250 mark up on a vehicle costing them £17-£18000 to purchase. That may be true on a back street trader selling cars between £500 and £5000.
His whole business idea revolves around selling cars fast and he sells cars from £500-£30,000 using this method, he has been doing it this way since internet selling began and has a very nice home, villa in Portugal all paid for and no debt. I don't think he has ever had a car much longer than a week :nope: Funny think is, he has very little interest in cars for himself and rides a bicycle to work!
 

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The option with the least risk, would be to sell now, private.

Values aren't going to plummy because the mk3 has been released, but will continue to reduce with age and milliage as they have done over the past few years.
Selling a £20k car now privately would be my worst nightmare. I would have thought most buyers will be waiting to see what happens on price. If the car doesn't sell privately, there is a risk that you could end up not getting anywhere near the current value from wbac, particularly if the market gets flooded with other people thinking the same. I would say selling private is the MOST risky strategy right now!
 

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His whole business idea revolves around selling cars fast and he sells cars from £500-£30,000 using this method, he has been doing it this way since internet selling began and has a very nice home, villa in Portugal all paid for and no debt. I don't think he has ever had a car much longer than a week :nope: Funny think is, he has very little interest in cars for himself and rides a bicycle to work!
Prehaps he should try an make £500 per car and Double his profit so he can have a villa in Spain too and upgrade his travel to work by buying a moped!
I am giving you an honest opinion on values of the used car trade as I have several friends who are in the trade. I also drive a McLaren 650s (sorry not boasting) am a mature guy early 50's (Young at heart)and have had many prestigious and high value cars.
If it were true on what you were saying, the price traders are paying for a 2010 car with the mileage mentioned earlier is most defiantly around the 17k mark,they then would be retailing them at £17,250. That is not happening, neither are they paying £20,000 for them and retailing them at £20,250.
 

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Prehaps he should try an make £500 per car and Double his profit so he can have a villa in Spain too and upgrade his travel to work by buying a moped!
I am giving you an honest opinion on values of the used car trade as I have several friends who are in the trade. I also drive a McLaren 650s (sorry not boasting) am a mature guy early 50's (Young at heart)and have had many prestigious and high value cars.
If it were true on what you were saying, the price traders are paying for a 2010 car with the mileage mentioned earlier is most defiantly around the 17k mark,they then would be retailing them at £17,250. That is not happening, neither are they paying £20,000 for them and retailing them at £20,250.
I am not saying every dealer is only making £250, and he would not buy an :rs: As it is too specialist for him. He buys run of the mill cars, does any paint or mechanical work, mot etc then puts £250 on top. I am not saying this is how all dealers do it, far from it. I think he is pretty much unique in the way he does it.

I traded in a mk2 focus st for £10k at a Ford main dealer and they put it on the forecourt at £11295. I spoke to the sales guy a few months later when buying another car for the wife and he said they got just under £11k for it. By the time they did any prep they probably only made £6-700 on a £11k sale
 

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It's a nightmare selling private.
I had my mk7 golf r up for ages at the right price. With no interest what so ever. Apart from the odd chancer offering 23k.in the end sold it to a dealer for nearly my asking price
Did you approach the dealer asking them to buy your car or was it a trade in?

Im thinking a dealer buying mine would be the best option too.
 

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I am not saying every dealer is only making £250, and he would not buy an :rs: As it is too specialist for him. He buys run of the mill cars, does any paint or mechanical work, mot etc then puts £250 on top. I am not saying this is how all dealers do it, far from it. I think he is pretty much unique in the way he does it.
I traded in a mk2 focus st for £10k at a Ford main dealer and they put it on the forecourt at £11295. I spoke to the sales guy a few months later when buying another car for the wife and he said they got just under £11k for it. By the time they did any prep they probably only made £6-700 on a £11k sale
That may be in that particular case as it depends on how much the dealer had profit in the car you were buying. This thread is on the value of trading in a mk2 RS in for a new RS and the figures I have mentioned are about right.
I would estimate that come March/April next year the Mk2 rs trade in value will decrease by another £500-£1000 when the new rs is out and more Mk 2's flood the market.
 

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Family are Ford used sellers. Used to be main dealer. Git out if that...no money in it!
Margins vary a lot with location and your market. And RS is slightly specialist.

He will pay 11k for a good Fiesta, put it on the forecourt for 13 or 13.25. Then give 1000 in discount or trade in or subsidise the finance. So making 1200 gross. Knock out commission and prep and it's more like 6-700. So 5%. But 10%+ is achievable. Mugs are born every second
Focus ST at 23k. Will have paid 19ish.
But this is in Devon where most of your bread and butter is Fiesta and low end Focus models and almost no fleet/company buyers.
You go to a big city and the market changes.
 
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