Disappointing cost to change

[Johnocyprus]

Encouraged by some comments of this forum about generous p/ex prices offered by hungry dealers we took our immaculate silver 28k 18 plate Jazz SE CVT to our local main dealer to see whether we could do a deal for a new MK4.

Firstly our impressions of the MK 4 as passengers only ( we didn't drive the car ) - a marginal improvement only, thought the finish throughout was better. Apparently it’ll do 70 mpg, well I’m content with the 50 mpg we get from the Mk3, we only do 4,000 miles p.a . As a passenger it felt very much the same as our existing car ( no surprise ) however much better legroom for the front seat passenger.

Sat down with the salesman, he offered £10000 p/ex against a new Jazz SR which had a list price of @ £22,300 so cost to change £12,300.  I asked him to better his offer and he offered cost to change £ 11,300 with five years free servicing.

We’ll keep the Mk3. I had expected a big improvement with the Mk4 perhaps the driver experience is a great improvement however the car belongs to my wife and she’s quite happy with the Mk3. We have a larger car for touring.
Very disappointed with the cost to change though, should we have done better?

[sportse]

Try putting your details into webuyanycar - for a good condition car they normally pay out the amount they say on the website.

Carwow also does car sales too - you put your details in and dealers bid for your car, so you pick the best offer.

There's no reason to do the trade in with the same dealer - you may be able to get a better price elsewhere.

From the details I've seen similar cars selling for I would have expected yours to trade in for maybe 12-14k, but webuyanycar usually gives a realistic price.

However if you are doing just 4k miles a year, it may be much better to keep your existing car for another 5/6 years - by then we should hopefully have cheaper EV's available. My Mk4 averages 50mpg and others are in the 40's so not a huge difference from the Mk3 on lower miles.

It's likely that my Mk4 will be replaced by a pure EV in maybe 5 years time.

[Kremmen]

I wonder why they didn't let you drive ?

It was the test drive that swung it for me. They just gave me the keys.

I've just looked up your model and in good condition should attract a dealer offer up to £11,680

[Jazzik]

Encouraged by some comments of this forum about generous p/ex prices offered by hungry dealers we took our immaculate silver 28k 18 plate Jazz SE CVT to our local main dealer to see whether we could do a deal for a new MK4.

Firstly our impressions of the MK 4 as passengers only ( we didn't drive the car )...

Have you asked the dealer to test drive (yourself, not as a passenger)? Seems like a strange way of "test driving" in the passenger seat...
A dealer who would suggest this to me lost a potential customer. We got a Jazz with a full tank for half a day (please, return it with a full tank  ), and our car stayed at their place.

[davejazz]

I have on order,  a new Mk.4, which will arrive in June, (hopefully)!

My current car is a Mk.3, EX Navi, auto, with 19,300 miles., similarly immaculate, on a 16 plate.

The WBAC site, has been giving me a price of 11k, for the last 3 months.

Yes I know, they would try and chip me, but I will sell privately, like I always do.

I know I will achieve 11k, even with a further 3 months depreciation, and 1000 miles.

Just go on the above site and get a starter price within a minute. Then get a 1k discount with no P/X. Good luck!

[embee]

I suppose it depends really on why you feel like you want to change. There's probably no practical reason (reliability etc) to change your current car if it still does what you want. My own experience is often that I just feel like something different (new toy syndrome).
The lower running costs, road tax and fuel, will take a long time to recoup the purchase costs, so not really a good financial reason to change.
I suspect from what the others say that you could probably eke out a slightly better deal by shopping around, but just remember you can't take it (money) with you so at some point you just decide to go for it ............ or not. 
I've recently bought a couple of new (to me) toys, just because I can. I need them like a hole in the head, but ........

[Kremmen]

Same here, new car, new top spec PC.

[Saycol]

I wonder why they didn't let you drive ?

It was the test drive that swung it for me. They just gave me the keys.

I've just looked up your model and in good condition should attract a dealer offer up to £11,680

If I do the maths correctly, the revised dealer p/ex offer was £11,000. If not taking extortionate dealer finance, the 5 year service plan costs c. £700. So effectively he is offering £11,700, near enough Kremmen’s figure.

[Jazzik]

The wisest decision, of course, would be to continue driving in your "as good as new" Mk3. But I know... that new one beckons!
Here's how it went for us: We got what I think is an insanely good price for our four and a half year old Yaris Hybrid. A depreciation of 21.5% of the purchase price. And then... you already understand: then you go for new

[Lord Voltermore]

I kept putting off replacing my Yaris. Still running well, meets my needs, a lot of money for not much better. 

Before I knew it the yaris is 14 years old. (and still running well)      But  for me it was  time to go SKIing (spending  the kids inheritance)
But if the Jazz is a second car, alongside something bigger the decision may be even harder

The OP did miss out by not driving  the car.  To me much of the Mk4's appeal is the driving experience. A new and different experience.
Also his experience was based on how and where  the driver drove.  If he drove  it like a reviewer, keen to demonstrate its performance,  the noise levels may not seem much of  an improvement on the old.    If he wafts silently around town in EV mode, its much more impressive.    Especially if you drive, and experience the instant torque and ease of driving. 

Get a test drive, you may change your mind.

[nowster]

Absolutely the only way to judge the Mk4 is to have a test drive in it.

[Marko55]

Yeah best to test drive it yourself, dealer let me have one for 3 hours and order put in after driving it 

[sportse]

The dealer I bought mine from just gave me the keys to a car and said to go for a drive - I’d particularly wanted to try it on the motorway and they said ok.

It didn’t take long to like the mk4.

[Lord Voltermore]

Happy twos day folks.  (22/2/22)   

Rather than think of the trade value in pounds it may be better to think of it as a  percentage of what  you originally paid for the car.   It could be significantly more than 50% of what you paid 3 years ago. And of course the dealer can inflate the trade in value to make it seem more palatable, but ultimately that comes off any cash discount and other perks  he can give.
 
In the not too distant past you could be lucky to get 40% on some 3 year old cars  but maybe a bit more on some favoured brands (such as Honda)   So current used car prices are crazy.

Even from the figures quoted by others it seems you could achieve more than 50% of the price of the new car, especially if you sell it independently.

Things could change if inflation gets out of hand. A £22300 car may still be worth £22300 in 3 years,  but in bad money, with a new replacement costing £44600   

[Jazzyone]

Johnocyprus,I ordered my new SR a couple of weeks ago and the on the road price of a new one on the Honda website is £21,360. A lot less than your quote. Also the offer of 5 years free servicing and warranty is dependent on using their finance which you can pay off after 6 payments and keep the benefits.