went to trade Hilux on a Prado - low trade-in
Submitted: Saturday, Feb 04, 2006 at 17:43
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Anthony
Went to trade the '92 hilux 2.8D (213,000kms) at a toyota dealer for a Prado. I was a bit surprised at the trade-in offered.
I know that it's an older model dual cab but its gots lots of after market stuff bolted on and they were only prepared to offer around $8K as a trade. I estimated I put on at least $13K of extras, ARB front & rear bars,
suspension, turbo, radiator, side steps, h/d clutch, and more.
The dealers don't appear to consider the value of the after market add-ons when working up a trade price. Time to try a private sale - cheers Anthony
Reply By: Member - Phil G (SA) - Saturday, Feb 04, 2006 at 22:12
Saturday, Feb 04, 2006 at 22:12
Lots of people I know will sell off the accessories privately before selling or trading the vehicle, as they don't add a brass razoo to the trade-in value.
The other fact of life is that you'll probably do better selling the Hilux privately, no matter how little you get for it. Then for a cash, no trade deal on a new Prado, you should be able to get about $4-5,000 off the asking price, which makes a further mockery of the $8k trade-in value.
I tend to sell privately, and ask a little less than normal, so it sells first time round.
Cheers
Phil
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Follow Up By: Anthony - Saturday, Feb 04, 2006 at 22:57
Saturday, Feb 04, 2006 at 22:57
I'II give it a go selling private, a lot of the stuff is near new, the turbo, H/D clutch, H/D radiator but a but hard to sell seperate without creating other problems.
I wasn't expecting much for a trade but I was hoping for at least $10K.
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Reply By: Truckster (Vic) - Saturday, Feb 04, 2006 at 23:19
Saturday, Feb 04, 2006 at 23:19
Why are you that suprised?
Its old and high klms for people buying from a dealer..
I agree with others, you should have jumped on it.
How much do you expect to sell it for privately?
Private sales as mentioned elsewhere can take months.. you probably will end up taking similar $ in the end, while you could have been enjoyin your new car all that time,
AnswerID:
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Follow Up By: Anthony - Saturday, Feb 04, 2006 at 23:30
Saturday, Feb 04, 2006 at 23:30
I wasn't expecting to get heaps for an old hilux but I thought $10K would be fair, considering what it has in the way of add-ons. The turbo, H/D clutch, radiator are less then 18mths old.
I said that I would
sign the paper for $40K change over, which is the top end of what was expecting to
fork out. The best they did was $43K c/o. It don't sound much writing about it here but it's more than I had to play with. Cheers Anthony
FollowupID:
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Follow Up By: Gerhardp1 - Sunday, Feb 05, 2006 at 10:01
Sunday, Feb 05, 2006 at 10:01
Sorry to say this Anthony, but the clutch and radiator replacement are normal wear and tear items. They will add zero value to the trade-in.
The 18month old non-factory turbo will make many dealers hesitate to take the car on at all, and it will also not increase the value of the vehicle because they just look at the redbook or glass's value for the model and they can't look up a price with a turbo because it doesn't exist.
You haven't mentioned the length of rego left or how bald your tyres are, but if those items have little life left you will also be pushing to sell privately for the money you think it's worth.
It seems, as I said above, that you already have a pretty good price for it.
Try another dealer and see if you can get $41500 c/o to "split the difference" and save yourself from having the car pinched while a private buyer is
test driving it.
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Reply By: Member - Landie - Monday, Feb 06, 2006 at 23:18
Monday, Feb 06, 2006 at 23:18
After market accessories don't add any real value to a vehicle. After all you put them on for your own reasons. The second hand price will generaly closely resemble the price of a stock standard vehicle.
Car yards will only give you the price that they could purchase the same vehicle at auction for. No reason to give you any more, unless they are adding it on to the price of a new vehicle you are purchasing.
The other problem is that the mainstream car manufacturers are bringing out new models and variations regularly, only means one thing - the second hand price goes down with every new model..........
The biggest
test as always is to put a price on it - if it doesn't sell your asking too much as everything will sell at the right price.
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Reply By: Russ - Tuesday, Feb 07, 2006 at 01:15
Tuesday, Feb 07, 2006 at 01:15
Anthony,
Had an 89 2,8D 160K on the clock, like you in the last 12 month we had it spend 13K on it,
suspension, motor etc, I spread the word and sold it privately for $13k.
Was pretty
well set up and the right buyer came along.
Similarly with a corolla we had, was 1986m 120,000km on the clock, auction mob told me would be lucky to get $700. Sold it for $2,500 cash, didnt even
test drive it. BUT was in good nick and again I spread the word and the right buyer came along.
Just a matter of being patient and finding the right buyer.
Regards
RB
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