V8V Values Cap guide

[Chipchap]

Totally coincidentally I have started researching the values etc of a V8V Coupe' Sportshift. Hoping that I can maybe buy one in May.

Had a fried email me across the CAP guide for Feb 201.

Just some examples of price spread. Using Retail for dealer selling and Average for dealer buy in. It is a fair gulf.

eg

2007 "07" 10,000 miles. Retail @ £52000. Buy in @ £44600 less repairs evident

2007 "07" 30,000 miles. Retail @ £47500. Buy in @ £39700 less repairs evident

2008 "08" 10,000 miles. Retail @ £59000. Buy in @ £51200 less repairs evident

Roadster is on average £4500 more

So when you go to PX do not expect a small spread between what the dealer is selling similar cars at and what he offers you.

Also if looking to sell privately the best that can usually be hoped for is Trade Clean [add c£1k to above trade values]

Of course this data will be out of date within weeks as the market changes and the cars get older. It is however a good guide


A

Edited by Chipchap on Thursday 3rd February 10:30

[UH-Matt]

Sounds about right, the spread on the dealer offer for my V8V last year was about £5k after some negotiation and it was a perfect example. Sold privately in the end

[Adam2S]

Sounds about right to me on a £50-£60k car. Did you think dealers made less than this? Work out how much they make on a £100k car then!

[bogie]

seems fairly tight by the time youve got all those big overheads of the glamourous showroom and staff

sure, £5K seems a lot for a one man band off a lot, but not a main dealer

what about a 2006 car with 60K miles?

[Chipchap]

Wasnt knocking it, merely providing information.

Bogie on a 60,000 mile 2007 "07" it is c£33 trade and £43k retail if an AM dealer were interested.

Can only guess that an 06 car is c£5 or £6k less than the 2007 car


A

[bogie]

guess I will be keeping my old banger Jan 06 car another 5 years then LOL

[Chipchap]

As we are to share the car a little my GF wants Sportshift. This limits us to an 07 car and as such pushes our potential buy back a bit.

I really wanted to keep to £40k or less. So this means a 25,000 mile car bought privately I suppose. As that is the sort of money a dealer will offer.


A

[MrOrange]

£8k spread is not that bad. Dealer will normally have to put a warranty on it (£1k), service/tidy-up (£1k), finance, sales commission, sales haggling plus overhead. Not bad at all IMHO.

[Jay_Davis]

The real interesting part is just how small the difference is between the car with 10,000 miles and the one with 30,000 miles.

It really is well worth it to just drive the car.

[mikey k]

Totally agree
Mine is a "high" mileage car at 18k miles in 2 years
I reckon on putting ~9k miles a year on it.

[UH-Matt]

Jay_Davis said:

The real interesting part is just how small the difference is between the car with 10,000 miles and the one with 30,000 miles.

It really is well worth it to just drive the car.

Yes and no.

While the value may not be as big as you think, one with less miles is more likely to be appealing to more people and sell faster. More people than not prefer low miles unfortunately.

[Jay_Davis]

UH-Matt said:

Yes and no.

While the value may not be as big as you think, one with less miles is more likely to be appealing to more people and sell faster. More people than not prefer low miles unfortunately.

The price is driven by the demand for it. That difference you see IS the difference in demand.