Is this a good part-exchange deal for a new Land Rover Freelander 2?

I own a Freelander 2, bought new in August 2007 and am considering purchasing a new Freelander 2 TD4 HSE. Under the Land Rover Finance agreement on the existing car, the final payment will be £13,482. I have been quoted the on-road price of £33,425 for the new car and with a similar finance deal, though Land Rover will pay a deposit of £18,074 and a final payment of £13,333 in two years' time. The dealer has quoted me a p/x of £15,500 on my existing car. I will give them the car plus £4592. Is the p/x figure realistic for a three-year-old car with one owner, full history and 34,000 miles on the clock? Also, can I expect a discount on the OTR price of the new car?

Asked on 31 July 2010 by cec

Answered by Honest John

I'm not prepared to comment on the finance because I think the price is far too high for a Freelander II. Base model Black and White were on sale at less than £20,000 at the turn of the year. The HSE has more spec, but not £13,000 worth.

Tags: car prices car values part exchange finance specification

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