Book value

[Gsedge1]

I've been looking for a B7 RS4 for a while now

I recently saw one advertised at a dealer, 4-5 owners, FSH, 61000 miles, bucket seats and flat bottom steering wheel etc.

Dealer wanted 22k and refused to budge (I know that they bought it for far less as I found a decent ad)

Put the Reg and mileage etc. into autotrader and parkers and it came out nowhere near 22k

So, how can I accurately price a RS4 if dealers are asking more than what the book value appears to be

[HYFR]

is this a wind up ?

[Wotsirb]

Buy the car from parkers then...

[HYFR]

Buy the car from parkers then...

as stupid as it sounds

if you want to buy cars at book price, go and buy cars from the auction

do you really not understand that a car dealer is a BUSINESS, i.e. they add value to the car (in the form of prep, warranty, finance options etc) and then they need to make a profit to feed their kids

even if a dealer bought the car for £5k, if they believe they can get £22k for it in the open market, then why should they budge on it

so, good luck at the auction

[Gsedge1]

is this a wind up ?

I'm asking for advise nothing more

What's the point of the valuations autotrader/parkers offer if it's no good?

[Gsedge1]

Buy the car from parkers then...

Do parkers sell cars then ???

[Covkiller]

is this a wind up ?

I'm asking for advise nothing more

All dealers are wankers, full stop. In my experience, they want your car for nothing and then sell it for loads more.
Tell them to fuckk off and buy a decent one from a member

[Gsedge1]

Buy the car from parkers then...

as stupid as it sounds

if you want to buy cars at book price, go and buy cars from the auction

do you really not understand that a car dealer is a BUSINESS, i.e. they add value to the car (in the form of prep, warranty, finance options etc) and then they need to make a profit to feed their kids

even if a dealer bought the car for £5k, if they believe they can get £22k for it in the open market, then why should they budge on it

so, good luck at the auction

I understand that a business needs to make a profit and they can ask any price they want (as can a private seller) and there's an arse for every seat

I'm not on here for abuse.........

[TobyRS4]

The easiest way I can explain it is this:

Autotrader/Parkers etc all get paid based on people using their services, if their services told you your PX was worth less than you wanted, would you then ever use them again or would you tell everyone it was rubbish.

I work in the trade and unfortunately these valuation systems are always to help a buyer (or give perceived help), however specialist vehicles such as RS4's will not be measurable against a computer screen statistic as its not reflective of the actual market place.

Hope this helps!

[Gsedge1]

The p/x price at both auto trader/parkers came back at roughly what I thought my car was worth so that's what really confused me

The car hasn't sold yet so what does that say

Like I said, I'm not on here to be made to feel a c*nt so HYFR get off your keyboard unless you actually feel like using your experience to help rather than mock?

[Gsedge1]

Oh, and thanks for the reply Toby

[HYFR]

the B7 RS 4 is a old, and niche car

the online valuations will link to CAP. CAP stands for current auction prices

so they reflect the hammer price in the auctions

put an RS 4 in an auction and thats what it will achieve

but a niche car such as RS 4 will vary hugely on spec (buckets, flat bottom wheel), condition (stone chipped, DRC, FASH), colour (Silver vs. Sprint Blue)

so the CAP values don't really reflect the true open market value as if a dealer has a good spec, good condition, right colour car - he will hold out for top money

and the CAP to Retail spread on this type of car will vary according to the spec, price and condition given their rarity and niche

it is not unusual for a car to take 60 days + to sell before dealer will start to break sweat

On a boggo Fiesta, expect a CAP to Retail premium of £1,000 - £2,000

on a B7 RS 4, expect £2,000 - £8,000 depending on spec condition

on a V10 R8, expect £5,000 - £12,000 depending on spec condition

on a McLaren MP4-12C expect £10,000 - £20,000 depending on Spec, condition

[TobyRS4]

the B7 RS 4 is a old, and niche car

the online valuations will link to CAP. CAP stands for current auction prices

so they reflect the hammer price in the auctions

put an RS 4 in an auction and thats what it will achieve

but a niche car such as RS 4 will vary hugely on spec (buckets, flat bottom wheel), condition (stone chipped, DRC, FASH), colour (Silver vs. Sprint Blue)

so the CAP values don't really reflect the true open market value as if a dealer has a good spec, good condition, right colour car - he will hold out for top money

and the CAP to Retail spread on this type of car will vary according to the spec, price and condition given their rarity and niche

it is not unusual for a car to take 60 days + to sell before dealer will start to break sweat

On a boggo Fiesta, expect a CAP to Retail premium of £1,000 - £2,000

on a B7 RS 4, expect £2,000 - £8,000 depending on spec condition

on a V10 R8, expect £5,000 - £12,000 depending on spec condition

on a McLaren MP4-12C expect £10,000 - £20,000 depending on Spec, condition

Right on the money, or not as CAP may be, CAP has a place but its not in specialist cars

[Covkiller]

Tell the dealer I want £30k for mine, but if he wants it he can have it for £35k.
When I sell my cars I study the sites and a gauge the price accordingly. The same when buying, including from dealers and I never ever ever take any dealer bullshit. If you like the car buy it.

[Gsedge1]

Guys, thanks for the replies

All I want is to learn and to be able to know what to look for etc.

Not looking for an argument or any keyboard warriors just trying to learn......