Haggling - cars

[shipitgood]

I'm going to be getting a car in the next couple of weeks, looking at a bmw or Audi.

Last time I got a car I had a trade in, versus new car. This time I'm probably selling my car prior to purchasing new one.

Just wondering if any1 knows what a reasonable % discount is versus a 2nd hand 1 year old car approx 10k miles when negotiating with the salesman. So a car on sale At say 15k, what is a reasonable price to try and get that for.

[ripple11]

When I last bought a second car from a dealer, I found some very similar models/ mileage etc online (auto trader) and used that info to help negotiate money off the price to what I thought was fair. I think it's difficult to give a general %....also when they throw in free services,  guarantees etc to complicate matters.
Obviously good if you have different options, so you can walk away if they won't be reasonable.

[Longines]

If you're considering 1 year old, look at brand new as well. Brokers are offering 21% off certain BMWs so they can be cheaper than a warrantied 2nd hand car.

[PokerBroker]

PHP not a better option these days?

[Doobs]

If you're considering 1 year old, look at brand new as well. Brokers are offering 21% off certain BMWs so they can be cheaper than a warrantied 2nd hand car.

I'd also look at the end of the quarter (end september).  Quarterly bonuses weigh heavy.  I got a pre-registered car at over 20% off list price last year.  This was on condition it was sold by the end of September.  Ring round the dealers maybe around the 10th and ask if they have any deals on cars like this.    If they haven't move on to the next.  Of course you can't be too fusy on colour and extras to get this kind of deal. 

On a year old car, I'd be googling similar cars, but I wouldn't want to pay any more than 2/3rds of list price unless it was a very desirable new model. 

Calling m3boy? 

[EvilPie]

Even if you're paying cash you might be better off taking it on finance and then paying it off after a few weeks. I've got some decent discounts by taking the finance and they'll often throw in service packs/paint protection/GAP insurance type things.

If you are taking finance don't accept the first deal they give you. I've had an APR reduced from 11% down to 7% and they threw in about £2k worth if extras when I showed them a comparative finance quote from someone else.

They have power to do deals so really push it and don't let them know you love the car.

[Oxford_HRV]

 it really does work out better to take a car on finance than to pay in cash oddly enough. A website called carwow makes dealers compete to get you the best price. You won't be able to get Apr down less than 7% I'm pretty sure this is their rock bottom fig. My house mate is a new car salesman and he says the smallest profit margins for them come from selling off carwow

[Mark_Porter]

Agree - I Just used Carwow to bash Nottingham Audi down on a new car.

Got close to 15% off list price and some other bits thrown in. Felt like I got a fantastic deal and took all the guesswork out of it by taking in quotes from 6 other Audi dealers and they were forced to match.