Alfa Romeo Forum banner

1 - 9 of 9 Posts

·
Registered
Joined
·
443 Posts
Discussion Starter #1
Has anyone else found Parkers prices not reflected in reality of late?

It seems that they are nearly always too low.

I've been looking for cars for my wife (Rover 25s, Daewoos Matizs etc) and you will be hard pushed to find anything at the ‘right’ price. For example, according to Parkers, we paid about what you should pay for a V reg matiz at an indy dealer (950). But it was a private sale and the car has very little history. And yet the cheapest Matiz in the country on autotrader is 895.

Reason I ask is that now my mission is to sell my Coupe and find a 166. The price for the Coupe seems about right (2.5k ish) but all the 166s are overpriced way over Parkers prices. But then I think maybe they are NOT overpriced - it’s just that Parkers is underpriced.
 

·
Registered
Joined
·
2,275 Posts
I think Parkers use prices according to insurance company's,which is always lower than what the car is actually worth.
 
E

·
Guest
Joined
·
0 Posts
I have always found they under value. I think you are better looking on autotrader to get an idea.
 

·
Administrator
Joined
·
46,080 Posts
I'm starting to look at what my Coupe is worth to sell too. Looking at Autotrader, something around 3-4K seems appropriate, but then I went on FCCUK, and there's a guy selling a very similar one (albeit with much lower mileage) for 6k! And there are posts on the thread saying it's a really good price!
I do think some of the guys on there kid themselves a bit about what they're worth, but on the other hand, if people on there are willing to pay those kind of prices, I might advertise mine there!
 

·
Registered
Joined
·
1,305 Posts
I find parkers is actually a fairly good representation normally. If selling a car, I will advertise a little over parkers price, and accept that as an absolute minimum. If buying a car, I will bring a copy and ask the buyer what is so special about his car that I should pay more than what its worth, before pointing out all the flaws and price to correct them. It's true you will often find people asking silly prices for cars, but note down their phone numbers and call them back in 2 weeks, 4 weeks, etc. and they will still have the car. Price it well and it should be gone in a week or two max.

I think part of it is when people have bought a car brand new, they feel they should get a certain amount back for it, and they are often shocked what the true value is.

On another forum, some guy posted an ebay link to his j reg (91-92ish) bmw 316. He was expecting something like £2000-£2200. I said to him he was aiming a little high. He then said he was going to lower the buy it now to £1500. So I found him a link to one just like his for £800.
 

·
Registered
Joined
·
197 Posts
Rob 156 said:
*bump* Seriously, I wanna hear some more views on this.
It is hard for a lot of people to acknoledge how much depreciation they have suffered. This is why I never buy a brand new car. Alfas as we know depreciate more than the equivalent German rivals, but all us Alfisti don't care about that as we are such dedicated enthusiasts.

I find a lot of BMW owners (mainly my friends who all have atleast one!) think their cars are worth much more than they actually are. I agree with your point, an E36 shape beamer 316 which is over 15 years old can no way be worth over £2000. You can buy an E36 M3 for a little over £3000 if you search enough. These people never get to sell these cars and then have to sell them for peanuts because they've had them so long! Saying that, I also have some jammy friends who manage to get silly money for sheds. Last year one chap sold an E30 shape (G reg) BMW 325i for £3800!!!! If only I could meet some of these numb nut buyers:eek:

A car (like most electric devices in your house) is going to go down in value of the years because of new technology and the constant demand by us public to have something new and exciting. It's hard for a lot of people to get to grips with as our houses and cars are probably the most valuable items we own. The house keeps going up in value but the car keeps going down as time goes by. If you can't stand depreciation, buy a classic car. This will either stay at it's value or go up as the years pass.
 

·
Registered
Joined
·
1,467 Posts
According to parkers guide my old 306 GTi6 was worth £1950 but I sold it for £3200, I find there prices on more specialist /unusual cars to be way off the mark.

My GTA is a prime example.

Parkers website -
Alfa Romeo 147 GTA (03 on)
3.2 V6 24V 3d 2003/53
Average mileage 30,000 miles
Franchised Dealer £11,025
Independent Dealer £10,060
Private Good £9,625
Private Poor £7,785

Find me a GTA as cheap as the prices listed above.

When I was selling my other half’s old clio I was asked by a potential buyer why I was asking £2150 for a car that was worth £1500 in the glasses guide?. My reply was why did you come and have a look at it if its £650 over priced?

Half hour later he drove it away for £2000

Cars are worth what the market dictates and values should be based on what others are asking for similar cars.
 

·
Registered
Joined
·
4,150 Posts
bazza said:
I'm starting to look at what my Coupe is worth to sell too. Looking at Autotrader, something around 3-4K seems appropriate, but then I went on FCCUK, and there's a guy selling a very similar one (albeit with much lower mileage) for 6k! And there are posts on the thread saying it's a really good price!
I do think some of the guys on there kid themselves a bit about what they're worth, but on the other hand, if people on there are willing to pay those kind of prices, I might advertise mine there!
I sold my coupe last year on fccuk forum - Sold in a couple of days for £8500 (2000 20vt[6] with 15k miles), I think that parkers stated around £5k at the time!
 
1 - 9 of 9 Posts
Top