2014 model trade-in Values

[Berisford]

Had a test drive in the new C-HR Hybrid today, very impressed, however, the trade-in offered on our 2014 1.3 Icon-plus CVT (in very nice order with just 14k on the clock) was a paltry £5900 and no hope of any upward movement.

Whilst I appreciate the C-HR is new and thus, in demand, I consider their deal on the new £28k vehicle to be an insult. I'm looking at nearly £9k depreciation on the Yaris which is just under 3 years old. 

It was fairly obvious the dealer didn't want our Yaris when I pointed out that WBAC.com and Evans Halshaw were offering today just over £7k for the vehicle and all our man could do was shrug his shoulders and claim that WBAC are prone to knocking money off any quote given. They'd have to knock £1300 off to be in the same arena as the Toyota dealer!

I appreciate the dealer has got to make money but I must must have 'mug' written across my back or something?

I noted as we drove out, the world of Toyota seems to be awash with used Yaris, they must have had 15 on the front..........our drive will be home for ours for at least 2 more years I think.

 

[FROSTYBALLS]

With people trading in their cars for new ones before the end of March in order to avoid the new VED system, I would imagine there will be a glut of used cars around 2-3 years of age, on forecourts, which will, in the short term, adversely affect values.

Case of supply and demand - if there is a plentiful supply, demand will take a short while to catch up.

We had a different situation when the Government's scrappage scheme was in place around 2008-09. Often new cars had waiting lists due to the numbers of cars being traded in under the scrappage scheme. Owners of 2/3 year old cars were holding onto them because of the supply difficulties of new cars, and values of 2/3 year old cars rose in the short term because the supply was limited.

I swapped my three year old Corolla in 2009 for an Auris, and benefited from the higher values.

WBAC do 'negotiate' any on-line price down - quote a good price to entice the customer, then adjust that price due to the condition of the vehicle. WBAC are now owned by British Car Auctions, so the majority of their cars go through auction.

[monkeydave]

thats a horrible trade in value and i think you did the right thing in keeping it, i got my 1.33 icon pre registered with 3.5k off and tss and white (would have prefered silver/gray but not at 3k difference and not fussed over tss either buy hay) paint/mats thrown in, and it was a 66 plate (two months old) with 25 miles on the clock and is a £30 tax car too and i think i will be keeping this car a very long time 6 to 8 or more year until something big and expensive goes

the new yaris looks not as good as the current one in the front, the back is ok and the interior is about the same with some tweaks but the worst think they have done with the new one is every roof and pillars are black no matter what colour you buy

the prices are high because most people buy a car with the per month amount and not the full amount of the car so they can load them up with gadgets they dont need and charge lots more than needed because people dont care the car cost £15k and not £12k because they are paying monthly and giving it back and then there is a glut of these cars on the market after a few years so trade ins have gone down a lot, plus the mobility cars and two plate changes a year

[FROSTYBALLS]

The twice yearly plate changes have been with us since 1999 - so not likely to have had a recent impact on used values.

[monkeydave]

4 minutes ago, FROSTYBALLS said:

The twice yearly plate changes have been with us since 1999 - so not likely to have had a recent impact on used values.

i know i only lost 2.5k on a brand new polo after 2 years and 20,000 miles before the plates changed and you couldnt do that after

[FROSTYBALLS]

29 minutes ago, monkeydave said:

..... the worst think they have done with the new one is every roof and pillars are black no matter what colour you buy.......

The black roof is only available on the Bi-tone - the other trim levels (Active, Icon, Icon Tech, Design and Excel) don't have this feature. 

[Bemused2]

I bought my 64 Yaris Icon C.V,T on a P.C.P. plan and do not think its strictly true that people do not care about the price because they are paying monthly. I got £1000 off the list price, interest free credit and three years free servicing. Perhaps I am the exception.

To get back to trade in values. Next October I can buy the car back when the P.C.P. runs out for £5700. I presume this figure relates to the trade in value had I owned the vehicle.

[Heidfirst]

it's quite normal for mass market vehicles to depreciate by ~ 60% over 3 years (variable of course on mileage, condition etc.). It's usually the single highest running cost of a car.

[mrpj]

If the trade in that Berisford was offered is the current norm then I'm glad, after over three totally trouble free years of ownership,  I've decided to keep my Yaris long term.

It too was a pre-registered car when purchased at a saving on list at the time of almost £3500. It only had 8 miles on the clock and 13 when I picked it up. That was only because of the 5 miles test drive I did. As part of the deal and in addition, I negotiated a space saver kit, mats, mudflaps, rear bumper sill protector and exhaust trim. They must have been keen to sell. This was just prior to the "facelift" and I'm glad of purchasing then because the front of the later Yaris, in my opinion, is grotesque!

[Berisford]

We (wife) will be keeping the Yaris for some time to come, I can't let it go a such a low price as it's a very capable vehicle. In the 3 years nothing has gone wrong bar a new rubber bung on the rear parcel shelf that went a bit bubbly in the sun. The vehicle (1.3 CVT) gives over 50mpg* on a daily 15 mile commute and even performed adequately with the big boys on a 'emergency' trip (dash) to Milan and back!

If I could ask for more it would be illuminated steering wheel controls, a rest for spare left foot and a little less vagueness in the steering direction at speed and of course, dealer service charges** to be more realistic for low income areas.

* Average over the last 3 years......18341 miles - 345 gallons = 53mpg.

** Service charges from local main dealer over the last 36 months £550.

[FROSTYBALLS]

As regards servicing, the cost of Toyota servicing is comparable to current servicing costs of other manufacturers. For example the costs of servicing a Nissan for three years costs £567.

Manufacturers such as Ford, VW, etc don't offer fixed price servicing until the car is out of warranty - so it would be down to the individual dealer to charge what they think., Whereas with Toyota and Nissan fixed price servicing is available from the first service of a car's life.

For our last Mazda ( a 2007 Mazda 2), minor services cost £199 and major services cost £299 - and these prices go back pre 2012. These costs were common between local Mazda dealers.

The only way one can save money is to buy a service pack, if that is on offer from the manufacturer, when one orders the vehicle, or go for a service plan which fixes your service costs for the duration of the plan. For example, when we bought our current Hyundai, we went for the 3 year service pack, which could only be purchased with a new vehicle, ad which cost £349 for three years servicing. 

As regards low income areas, how does the manufacturer or dealer assess than an owner comes from a low income area? We live within five minutes of Sutton Coldfield which has houses ranging from £67,000 to well over £1,500,000, and, as with anywhere, parts of Sutton could be classed as low income. Postcode lottery?

If you keep the Yaris past five years, you can take advantage of Toyota Essentials Care where currently intermediate (silver) services cost £100 and full (gold) cost £180.

[Berisford]

2 hours ago, FROSTYBALLS said:

 

As regards low income areas, how does the manufacturer or dealer assess than an owner comes from a low income area?

In the same way as government statisticians come up with 'average income' or the way 'average house prices' are quoted....and on a lower scale, the way retailers or say Wetherspoons adjust their prices to fit the area.

Whilst I don't dispute that you may have been paying 199 / 299 for Mazda servicing a few years ago it just adds to my point, dealers charge over the odds for scheduled serving, no way can what amounts to little more than a oil and filter change cost £200.

Justifying it on the grounds that it's what the competition charge doesn't make it right. If the dealer can screw us over, he will.

£100 / £200 for the same servicing in the same workshop with the same parts on cars out of warranty is proof.

That aside I acknowledge what others have alluded to, keeping the warranty intact means that's what most of us will have to pay.

[Heidfirst]

5 hours ago, Berisford said:

£100 / £200 for the same servicing in the same workshop with the same parts on cars out of warranty is proof.

That aside I acknowledge what others have alluded to, keeping the warranty intact means that's what most of us will have to pay.

There is a difference between the Fixed Price Servicing Regime & Essential Care. Not necessarily a lot but the scheme is obviously aimed to try to retain servicing of older vehicles within the dealer network.

I have mine serviced at Mr. T. not for keeping the warranty intact (you can do that whilst having the car serviced outside the dealer network), it's keeping the goodwill intact - that may cover things out of warranty. Admittedly, it seems that I may get particularly good deals on service plans compared to others.

[FROSTYBALLS]

What manufacturers are trying to do by offering cheaper servicing when the vehicle is outside the new car warranty, is to draw business away from independents, and most manufacturers offer their fixed price servicing scheme, or like Toyota and Hyundai, specialist schemes, for these vehicles.

Toyota, Ford, Volkswagen, Hyundai, Peugeot, Citroen, Renault, and Skoda all offer reduced price servicing for vehicles outside of the new car warranty.

"In the same way as government statisticians come up with 'average income' or the way 'average house prices' are quoted....and on a lower scale, the way retailers or say Wetherspoons adjust their prices to fit the area."

Given my example of Sutton Coldfield, where housing prices in range from £67K to £1.5M, basing prices on average income or average house prices won't work. You will have owners from the higher priced areas, booking servicing in the lower priced areas, and getting around that system  Dealers won't be able to refuse people from outside the area, as they will be frustrating their contract with the manufacturer.

Wetherspoons may charge different prices in area A and area B, but they won't refuse to serve customers from area A, who go into a pub in Area B, if Area B is cheaper. if It's a nonsense.

At the end of the day, owners already have a choice - have their vehicles serviced at franchised dealers and retain any goodwill from manufacturers, or have their vehicles serviced outside the franchised dealer network and lose the goodwill.

 

[Berisford]

What is they say, you can lead a horse to water but you can't.....................thank you gents, but for now, I'm out.

[FROSTYBALLS]

Or more probably - 

'The bottom line is the bottom line.'

[dcweather]

The residual value of the Yaris hybrid has fallen dramatically since 2014. My wifes PCP plan of 30 mths had a Guaranteed minimum value of £8300. New PCP plan offered is over a £1000 lower making her monthly repayments with the same deposit go from £68 per month to something like £115 per month! We've decided to buy it as it is great and has only done £6k miles.