Bargain basement MG5 on Autotrader

Silver estate said:
Well jut seen this sub £9k MG5 on auto trader 127k miles though 71plt

Auto Trader UK - New and Used Cars For Sale

Find your next car with Auto Trader UK, the official #1 site to buy and sell new and used cars. Over 400,000 cars online. Simple, easy, quick!
www.autotrader.co.uk www.autotrader.co.uk
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I was looking for your MG5 to go on the Richmond site but it hasn't shown up yet:(
No I was wrong it is on there now
 
Silver estate said:
Well jut seen this sub £9k MG5 on auto trader 127k miles though 71plt

Auto Trader UK - New and Used Cars For Sale

Find your next car with Auto Trader UK, the official #1 site to buy and sell new and used cars. Over 400,000 cars online. Simple, easy, quick!
www.autotrader.co.uk www.autotrader.co.uk
Click to expand...
I don't see the point when £11k will get you a much lower mileage minter. 127k is still a lot of wear and tear on everything, even if the battery will still be good for a long while. Paintwork is probably all chipped up to h**l when you see it close up.
 
Paulie68 said:
I don't see the point when £11k will get you a much lower mileage minter. 127k is still a lot of wear and tear on everything, even if the battery will still be good for a long while. Paintwork is probably all chipped up to h**l when you see it close up.
Click to expand...
Was actually in very good condition, but warranty way past is cover date.

The MG5 inthe motor trade is seen as really good work hourse, VW are actually made by SIAC using SAIC parts
 
xcamfile said:
Was actually in very good condition, but warranty way past is cover date.

The MG5 inthe motor trade is seen as really good work hourse, VW are actually made by SIAC using SAIC parts
Click to expand...
I don't doubt it'll still be a good car, just don't see the point when a small amount more gets you a pristine, low mileage minter. :)

In a way, it's liberating to be out of warranty, no need to get fleeced every year by dealers holding you to ransom for warranty cover!
 
Very true motor traders are adding £1.5 k to £2.5k for cars from Auction. I have a BCA account and cars like this go for 6k. I have Total car app and see loads dealers snatching up private sellers cars and adding 2-3k just and saying they're taking risks.

Its snake oil
 
They are taking risks to some degree, and also financing their capital outlay which may not see a return for a few weeks/months, and cover their other outgoings, and trying to make some money for themselves. And fund the mats/free tank of fuel/nodding dog or whatever else people try to negotiate onto the sale.

Not sure why people think car dealers should be a charity!!
 
This account gives a fairly open account about the economics of the used car market.

I guess it is a case of buying a car that hasn't been loved, making it look more appealing and then selling it on:
www.youtube.com

RSymons “RSEV”

Share your videos with friends, family and the world
www.youtube.com www.youtube.com

Sadly there are some unscrupulous people out there who really give the industry a bad name. A friend got stiffed by a dodgy dealer (sold a pup, promised to fix it but didn't when he had it back, engine went pop). Took the dealer to court but couldn't get anything. Guy was just setting up new companies all the time.

Doesn't mean they are all like that.
 
smokie said:
They are taking risks to some degree, and also financing their capital outlay which may not see a return for a few weeks/months, and cover their other outgoings, and trying to make some money for themselves. And fund the mats/free tank of fuel/nodding dog or whatever else people try to negotiate onto the sale.

Not sure why people think car dealers should be a charity!!
Click to expand...
I'm OK with all that, the issue I have is many do almost nothing at all except a minimal valet whilst pretending all sorts of 100's point in depth checks are done and so on. Reality is they do almost nowt and typically buy for £3k less than a private sale price, then sell for £2k over a private sale price.

And if/when you do get any issues, it's usually like pulling teeth trying to get them to put them right and do the right thing as required by law!

xcamfile said:
Very true motor traders are adding £1.5 k to £2.5k for cars from Auction. I have a BCA account and cars like this go for 6k. I have Total car app and see loads dealers snatching up private sellers cars and adding 2-3k just and saying they're taking risks.

Its snake oil
Click to expand...
If people can't haggle, dealers make way more than £2.5k on a car. They may shift one or two for "only" that mark up when they want rid and meet a good haggler, but the norm is way more with "polite" people.
 
smokie said:
They are taking risks to some degree, and also financing their capital outlay which may not see a return for a few weeks/months, and cover their other outgoings, and trying to make some money for themselves. And fund the mats/free tank of fuel/nodding dog or whatever else people try to negotiate onto the sale.

Not sure why people think car dealers should be a charity!!
Click to expand...
Well when you buy for 7800 and sell for 10500 thats a tab bit of profit. Especially when all you did was wash and vacuum. I went to look at a car privately and a dealer purchased it and then did nothing other than advertising it. Car dealers sell snake oil and give you very little protection in reality. Lucky for me I got to a really good private sale before the dealer second time round and save myself £2500.
 
Do they always make that kind of markup? I doubt it somehow, they must sometimes buy a lemon, and if it's the glass palace type dealer which we're talking about they have some serious overheads.

Have you any idea of the markup on other goods you pay good money for? Food, or clothes for instance?
 
smokie said:
Do they always make that kind of markup? I doubt it somehow, they must sometimes buy a lemon, and if it's the glass palace type dealer which we're talking about they have some serious overheads.

Have you any idea of the markup on other goods you pay good money for? Food, or clothes for instance?
Click to expand...
Where they sometimes get stung is when a given model is dropping in value unexpectedly quickly and they don't shift it quickly enough, so end up making a loss. This is why some won't touch EV's due to the unpredictable depreciation profile in comparison with ICE.
 
smokie said:
Do they always make that kind of markup? I doubt it somehow, they must sometimes buy a lemon, and if it's the glass palace type dealer which we're talking about they have some serious overheads.

Have you any idea of the markup on other goods you pay good money for? Food, or clothes for instance?
Click to expand...
Sorry to say but because I have a BCA account I understand the reason that car dealers are so keen to sell. Example: Renault ZOE auction sale grade 1 with battery soh 97%, sold £6700, later advertised for £10,350.

If you know cars from a engineering perspective you can easily by pass these costs. I suggest you get your self an app called "Total car" you will the see how even £8,000 private sales are taken to much higher levels like £10,750. Big car flippers like car gaint make good money as well because they have direct access to all their leasing companies. The only reason they charge a fee is to push cost out off the accounts.
 
Last edited by a moderator:
Paulie68 said:
I'm OK with all that, the issue I have is many do almost nothing at all except a minimal valet whilst pretending all sorts of 100's point in depth checks are done and so on. Reality is they do almost nowt and typically buy for £3k less than a private sale price, then sell for £2k over a private sale price.

And if/when you do get any issues, it's usually like pulling teeth trying to get them to put them right and do the right thing as required by law!


If people can't haggle, dealers make way more than £2.5k on a car. They may shift one or two for "only" that mark up when they want rid and meet a good haggler, but the norm is way more with "polite" people.
Click to expand...

xcamfile said:
Well when you buy for 7800 and sell for 10500 thats a tab bit of profit. Especially when all you did was wash and vacuum. I went to look at a car privately and a dealer purchased it and then did nothing other than advertising it. Car dealers sell snake oil and give you very little protection in reality. Lucky for me I got to a really good private sale before the dealer second time round and save myself £2500.
Click to expand...

smokie said:
Do they always make that kind of markup? I doubt it somehow, they must sometimes buy a lemon, and if it's the glass palace type dealer which we're talking about they have some serious overheads.

Have you any idea of the markup on other goods you pay good money for? Food, or clothes for instance?
Click to expand...
This may be a video worth watching about how much money this well known (in EV circles) dealer makes from the cars they sell, he is quite open about it.

 
Thanks, that was an interesting watch especially as it proves my points - in fact he made even less on each of those than I thought he might. And it's not until the end that he mentions some you win some you lose, and the potential that a car might have quite significant mechanical issues they need to address.
 

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