VALUATION EXPLANATIONS
The values provided by this service are NOT insurance settlement values, cash values or replacement prices and should not be presented as such.
All trade-in valuations given are based on a single transaction with a bona fide motor dealer involving the sale of the consumer’s car in part exchange for the purchase of a different car from the same dealer on the same day.
If the actual transaction is due to take place in the future (e.g. when ordering a new car), the value offered by the dealer will be affected.
Vehicle prices are affected by many different factors such as regional variations, sales promotions, a dealer’s perceived view of the condition of a vehicle, or if a franchised dealer is being asked to consider a transaction for a marque outside the franchise.
In any event, the amount quoted should not be relied upon solely, and should be treated as a guide only.
TRADE-IN - EXCELLENT CONDITION
Ready for retail sale; mechanically perfect, paintwork unblemished for vehicle under two years old, but may have slight stone damage on vehicle over two years old or with high mileage. Interior should be immaculate. A full service history must be provided.
All equipment fitted should be fully operational. Tyres should be new or nearly new, wheels and trims clean and undamaged. If appropriate, the MOT Certificate must be for a minimum of nine months.
TRADE-IN - AVERAGE CONDITION
Some wear and tear to mechanical parts may be expected. Some minor repair might be required to the paintwork, although there should be no serious damage requiring replacement bodywork.
The car will be of generally tidy appearance inside and out but some expenditure may be required for retail sale. A full service history must be provided.
All equipment fitted should be fully operational. Tyres should not be more than half-worn. Wheels and trims should be in good condition. If appropriate, the MOT Certificate must be for a minimum of six months.
TRADE-IN - BELOW AVERAGE CONDITION
Requires mechanical repair or some repair to bodywork. The interior may be worn and seats may have marks. Some corrosion, damage or poorly repaired paintwork may need attention.
The car may not have a full service history and would not be offered for retail sale without significant expenditure. Major items of equipment such as radios should be operational.
Tyres should be legal with an even tread depth across the tyre. Wheels and trims may show evidence of some scuffmarks. If appropriate, the MOT Certificate must be for a minimum of three months.
RETAIL PRICE
The "dealer asking price" or "windscreen price". It is not necessarily the price a consumer would actually pay, as it may be the subject of negotiation, discount or an extra allowance on the value of your own car.
It will also vary depending on any special offers applicable at the time, condition, length of warranty and any options and extras that may be fitted.
WHY IS THERE A DIFFERENCE BETWEEN THE TRADE-IN AND RETAIL PRICES?
The trade in price (the amount a dealer pays you) differs from the retail price (the price a dealer advertises the car) because a dealer has the following costs and considerations:
- refurbishment, valeting, servicing & stocking/storage
- warranty, administration & title checks
- profit, advertising & VAT