“Surely it’s worth more than that?”
“But I’ve really looked after it”
Whether private or business, when it comes to acquiring a new car or entering a new lease or contract hire agreement most people end up saying one of the above statements.
This comes when a car is valued for part exchange or a lease or contract hire car is handed back. People always feel sure their car is worth more than they’re being offered.
Over the next few months we are going to look at the best ways to keep as much value in your vehicle as possible. We’ll also look at the ‘fair wear and tear’ rules for handing back lease or contract hire cars. This way you know exactly where you stand and we hope you’ll find some of these tips helpful.
Part 1 – Exchange values
At GWA we always advise our clients that a private sale will generally give you the highest return on your old car. All well and good, but most people really don’t have the time or inclination to go through the rigmarole of advertising, bartering and everything else that comes with selling cars.
Part exchange is the simplest solution, but you need to make sure you get the maximum value for your old vehicle. The following tips will help:
To be continued…
Look out for the next issue, where we’ll take a closer look at lease and contract hire ‘fair wear and tear’ rules.