I've just seen Dicky has sold the 2-seater Strad after a small reduction in price.
As someone from the outside looking in on the motor trade, I often wondered about whether these small reductions are effective. I see it a lot when I'm considering a car where the dealer reduces it by about 2%. Does it make a significant difference?
Like if you can afford £50k you can afford £51k. It's very difficult for me to get my head around.
It’s all about the maths and how far you push the limits of what you want to spend. So £51k v £50k for example can present a stumbling block for someone like me, that over analyses things. I think the other factor is fear. So when you’ve been tracking a car for sale and suddenly the price drops, it’s a trigger to buy it or at least get a firm offer in before another potential buyer snaps it up. This is reference to niche cars like Maserati and not for main stream cars, where a price drop may indicate the car is overpriced etc.
I currently have my eye on a car that I’d buy in an instant. I can’t as I first need to sell my own car, but once done and if it’s still available I’ll be making an offer.
On the Stradale, it’s a very niche car and if the price has been dropped by a small amount and it’s resulted in a sale, then the seller has done the correct thing.