Dino
Established Member
With time to spare and a little curiosity I decided go have a chat with my local MG dealer who told me that they had great news that my 71 plate Excite is much in demand due to the ongoing chip shortage and they could offer me something newer and lower mileage for the same monthly payment.
In short it’s not so in demand despite only just doing 9000 miles and being pristine inside and out.
It’s in negative equity by about £3k with the settlement on current finance. They wouldn’t give me the actual valuation (newbie sales guy who was back and forth with the manager), but I make it about £12k, which is about £2k more than WBAC, but also nearly £2k less than a 21 plate Excite in the same colour but more than double the mileage they have on their website at another branch.
Good job I love the car and I’m happy to keep it for now.
Just hope the value rises a little when the finance comes to an end.
Quick look on Autotrader and you get much older and higher mileage on an ICE car of similar value, don’t get why the MG especially has crashed so much in price?
In short it’s not so in demand despite only just doing 9000 miles and being pristine inside and out.
It’s in negative equity by about £3k with the settlement on current finance. They wouldn’t give me the actual valuation (newbie sales guy who was back and forth with the manager), but I make it about £12k, which is about £2k more than WBAC, but also nearly £2k less than a 21 plate Excite in the same colour but more than double the mileage they have on their website at another branch.
Good job I love the car and I’m happy to keep it for now.
Just hope the value rises a little when the finance comes to an end.
Quick look on Autotrader and you get much older and higher mileage on an ICE car of similar value, don’t get why the MG especially has crashed so much in price?