I don't really want this to go down the same route or as the same question as 'why are Tesla trade in prices in the toilet' also known as I'll give you 50p and a bag of maltesers BUT can anyone explain why current trade in prices, for example, for my 2021/22 M3 LR (new one with heat pump etc.), 4k miles can be as low at 26k/the wrong side of £30k yet if you look at Autotrader the cheapest one is @£40k?
When I'm trading in a car, I quite often look at AT dealers prices, assume there's £3-4k in there for warranty, check over etc etc. so would think OK, £40k for 'my car' - I'd be guessing I'd be getting offered @£35-36?
A dealer could literally wash my car and stick it on their showroom floor and what, expect to make £10-12k profit?
Is there a lag somewhere? If there's such an over supply why are used prices online still reasonable?
When I'm trading in a car, I quite often look at AT dealers prices, assume there's £3-4k in there for warranty, check over etc etc. so would think OK, £40k for 'my car' - I'd be guessing I'd be getting offered @£35-36?
A dealer could literally wash my car and stick it on their showroom floor and what, expect to make £10-12k profit?
Is there a lag somewhere? If there's such an over supply why are used prices online still reasonable?