Silverstar said:
Beerman said:
That is a nice private sale 30i come up on AutoTrader today. The seller wants £10,950 for a 60 plate.
CAP only value it at £7500-8000 for a private sale.
I like it, but that is too much of a premium. It will be interesting to see if it sells.
I wouldn't pay too much attention to CAP's values, many cars go way over what CAP reckon the price should be. Looking at all the other manual options on Autotrader it seems priced ok. I bought mine at auction (back in 2019) book value said 8k I knew it wouldn't go for that so I had in mind 10k ended up paying way more than that!
Why would you ignore CAP values? It's what the car industry is based on. Dealers will only offer you CAP value. It is what your insurance company would pay for a total loss and if you have trade the car quickly you'll only get around £6000.
During coronavirus there was a shortage of cars and values went crazy. It has calmed down now. Values of cars are coming down fast.
A couple of 30i have popped up in the last week at CAP money. They have been sold. For example I missed out of this one. It was very far away, but I did enquire.