Dumb part ex question?

[stabilio]

Having bought cars new and used in the past they've always been ready to collect in a 7-10 days so part exchange was straight forward and quick.

Missus is now looking at part exchanging her car for a new one but theres a wait of months. As she needs to order her spec how does part exchange work?

A. Will the dealer give her a price for her motor and take the car leaving her without a car?

B. Give a price for her car and she keeps it until new car is ready?

C. Not bother with her old car and take a deposit now for new car leaving us unsure of what hers will be worth when new car is ready?

D. None of the above

Nissan dealer btw.

Edited by stabilio on Friday 31st December 18:54

[Capt Bravz]

B.

Deal should be agreed and confirmed in writing on order form. P/x value will be agreed for when the new car arrives assuming a nominal increase in miles and no new damage or defects arising.

[stabilio]

Thanks, will they give us an indication of price at the time of ordering as dont want to be shafted 6 months down the line?

[Puddenchucker]

In my experience: C

(2 cars, both on 3+ months lead-times)

[Capt Bravz]

What Nissan are you ordering that takes 6 months to turn up???

Assuming that the part ex isn't something obscure the garage should be able to 'guesstimate' its rough value in 6 months time by a) valuing it now as though it were 6 months older itself or b) extrapolating current depreciation from recent book drops.

What you need to agree with them is that in 6 months time you will be giving them your current car and x amount of money for the new one. That's how I've worked it in the past with my customers.

[x 7usc]

stabilio said:

Thanks, will they give us an indication of price at the time of ordering as dont want to be shafted 6 months down the line?

yes they should do by law before you sign anything, as signing on the line means you are entering into a contract, dont sign until you have agreed trade in price, based on its condition and milage at present as stated above

[R1 Loon]

Another vote for C.

They'll give you an indicative price, but won't be bound by it. All the claims of legal contracts etc, isn't true, as you will continue to use (and depreciate) the car. If you want a legally binding value then you'll have to give the car up now.

[stabilio]

Capt Bravz said:

What Nissan are you ordering that takes 6 months to turn up???

Assuming that the part ex isn't something obscure the garage should be able to 'guesstimate' its rough value in 6 months time by a) valuing it now as though it were 6 months older itself or b) extrapolating current depreciation from recent book drops.

What you need to agree with them is that in 6 months time you will be giving them your current car and x amount of money for the new one. That's how I've worked it in the past with my customers.

Juke. Says on Nissans website that orders with the 2wd CRV gearbox are suspended tho due to shortage of gearboxes!
Looking on a Juke owners forum some have ordered in Sept and now not expecting delivery until June 11 so thats more than 6 months.

[hairyaardvark]

In my experience: always B.
Having said that though, 6 months is a long time. So they'll probably have to give you an indicative price based on how many extra miles she intends to do in her car between now and then.

[Capt Bravz]

R1 Loon said:

Another vote for C.

They'll give you an indicative price, but won't be bound by it. All the claims of legal contracts etc, isn't true, as you will continue to use (and depreciate) the car. If you want a legally binding value then you'll have to give the car up now.

If they want the order they should be giving a firm price. I wouldn't expect a customer to buy a car without knowing the final deal price.

Saying that, this is only possible with a confirmed or at least reasonably accurate ETA for the new one. If the OP is correct and Nissan don't know when the Jukes are coming through then yes it will be ballpark values all the way.

OP, in this senario if the misses really does want a Juke then get one ordered in the spec she wants. This way you are on the waiting list and it's just a case of suck it and see.

If demand is stong and supply poor then I doubt you'll be seeing a discount so selling privately the month prior to delivery could be an option.

[insanojackson]

stabilio said:

Capt Bravz said:

What Nissan are you ordering that takes 6 months to turn up???

Assuming that the part ex isn't something obscure the garage should be able to 'guesstimate' its rough value in 6 months time by a) valuing it now as though it were 6 months older itself or b) extrapolating current depreciation from recent book drops.

What you need to agree with them is that in 6 months time you will be giving them your current car and x amount of money for the new one. That's how I've worked it in the past with my customers.

Juke. Says on Nissans website that orders with the 2wd CRV gearbox are suspended tho due to shortage of gearboxes!
Looking on a Juke owners forum some have ordered in Sept and now not expecting delivery until June 11 so thats more than 6 months.

odd i was told 2-3 months in the dealer last week

[stabilio]

insanojackson said:

odd i was told 2-3 months in the dealer last week

After a manual or AWD?

[Engineer1]

It all depends, My parents ordered a car with a 3 month lead time and got a fixed trade in, unfortunately for the dealer they fked up the order and got the wrong spec meaning another 3 month or so wait they held the trade in value though as it was their mistake, so there is no real hard and fast rule, a dealer will decide based on how much they want/need the sale and how desirable the trade in is.