Re: Residual Values
Did the deal just in time, on the 24th, the new We Buy Any Car valuation went down to £15,380.00, it is currently sitting a £16,800.00.
The general problem is, manufacturers now tend to make new cars to order, if you want specific extras etc, so, the lead time on the factory build can be 3 months or more. The problem is valuing your part exchange, at the point of the sales order, the used market is so volatile, they cannot pre-empt what your trade in will be worth in three months time, so, unless you part with the present car early, and wait for your new one, the exact financials of the deal remain a mystery for a couple of months.