GolfGTIforum.co.uk
Model specific boards => Golf mk6 => Topic started by: VWKev on 10 July 2009, 11:49
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We all know we should be trying to haggle the first years depreciation at a garage if we can manage it, and we all know that as soon as we drive our car's out the garage the value immediately drops, but has anyone thought that the value of the GTI will actually not change at all by the end of the year ?
The reported 3% rise by VW in Sept/Oct, and the 2.5% VAT going back on on 31st Dec, rumoured to be more than 2.5% but i doubt it.
So the GTI's will be 5.5% more expensive by 1st Jan 2010.
As long as the £ doesn;t go nuts again or VW drops the GTI to a crazy price, the GTI's bought just now should still theoretically be worth the same or roughly the same a year on from purchase.
:smiley:
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I can see the lower spec ones holding their value very very well for the next year or so but I think anyone who ticks more than the metallic paint option is going to loose money straight away. Esp anyone who goes for the full monty 27k options. The value of the extras will be gone as soon as they drive off the forecourt. Sad but true.
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I can see the lower spec ones holding their value very very well for the next year or so but I think anyone who ticks more than the metallic paint option is going to loose money straight away. Esp anyone who goes for the full monty 27k options. The value of the extras will be gone as soon as they drive off the forecourt. Sad but true.
Ahh good point about the extra's. Never factored them in.
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Most of those factors will not effect 2nd hand values though, its more about demand. Seeing as not many will be around on the market 2nd hand they will stay strong, once they start coming into the market the price drops. I think they will stay strong for a while, VW's usually do!
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I still don't understand Top Gear on this point.
The reviews of the Golf give it great marks for everything except running costs, where it only gets 8/20. In contrast the Focus ST gets 10/20, and the text specifically says it's cheaper in this respect than the Golf.
Now the Focus officially only does 30 mpg as opposed to the Golf's 39 mpg.
The Golf is in a cheaper road tax bracket.
The two cars are in the same insurance bracket.
So where is the Golf losing points in running costs? Is it all the expensive maintenance it needs and the Focus doesn't? Like what? Or is it depreciation? I genuinely don't follow the reasoning.
Rolfe.
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I still don't understand Top Gear on this point.
The reviews of the Golf give it great marks for everything except running costs, where it only gets 8/20. In contrast the Focus ST gets 10/20, and the text specifically says it's cheaper in this respect than the Golf.
Now the Focus officially only does 30 mpg as opposed to the Golf's 39 mpg.
The Golf is in a cheaper road tax bracket.
The two cars are in the same insurance bracket.
So where is the Golf losing points in running costs? Is it all the expensive maintenance it needs and the Focus doesn't? Like what? Or is it depreciation? I genuinely don't follow the reasoning.
Rolfe.
Running costs can be general things like parts and labour, could also factor in things like maybe the Focus service is cheaper, maybe the Focus is generally cheaper to insure, Focus could be in a cheaper insurance group, stuff like that.
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*Note to Kev* Learn to read a full post in future.
you already said half the stuff I mentioned. :grin:
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Searched the AA Rolfe, and found this..
http://www.theaa.com/motoring_advice/running_costs/
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Yeah, I know the basic principles. What I don't know is what's so expensive about the Golf to run (compated to the Focus ST) that more than counters its better fuel consumption and lower road tax? We know the insurance is the same.
Are servicing costs really astronomical compared to the Ford?
Does the Golf's resale value drop like a stone while the Focus holds its value?
Can we expect the Golf to go wrong a lot more than the Focus?
The last one seems to be very unlikely from all I've heard, so we're more or less down to the first two. Unless there's a major item of expenditure I haven't considered.
Rolfe.
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Its probably down to all the extra petrol you will be putting in, due to it being so nice to drive. :laugh:,i`ve already planned miles of uncessary driving just to run it in, so i can drive it to its full potential :laugh: :laugh:
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I can see the lower spec ones holding their value very very well for the next year or so but I think anyone who ticks more than the metallic paint option is going to loose money straight away. Esp anyone who goes for the full monty 27k options. The value of the extras will be gone as soon as they drive off the forecourt. Sad but true.
ah but the options make me so much happier.... sad but true!
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I can see the lower spec ones holding their value very very well for the next year or so but I think anyone who ticks more than the metallic paint option is going to loose money straight away. Esp anyone who goes for the full monty 27k options. The value of the extras will be gone as soon as they drive off the forecourt. Sad but true.
ah but the options make me so much happier.... sad but true!
Quite so and quite right. Just making the point :wink:
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If your even slightly concerned with depreciation then a new car is not the best route to go down. The only way it makes it slightly better is that it tails off after a few years.. so the longer you keep the car the less it becomes year after year.
If you are bothered by it like me then lease like I do :laugh: new car every year and no depreciation to worry about :wink:
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I bought my present car new in February of 1998. I'll probably keep the next one about the same, so I'm not that fussed about depreciation.
It's probably worth about £500 now, maybe less. And it's theoretically due for a service. Nice of the government to give me £2,000 for it, at just the right moment!
Rolfe.
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I bought my present car new in February of 1998. I'll probably keep the next one about the same, so I'm not that fussed about depreciation.
It's probably worth about £500 now, maybe less. And it's theoretically due for a service. Nice of the government to give me £2,000 for it, at just the right moment!
Rolfe.
11 years is a long time to keep a car.
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11 years is a real achievement. I find it difficult to get past a year!
When you think about it, the mk6 GTI could be an ideal candidate for long term ownership.
Most of the car is mk5 based (sorry Kev) so the electricals and most mechanicals are fairly proven and should be well developed by now. The engine however is revised and has no cambelt so should need a little less routine work. I would think most of the things that are likely to go wrong over the years Rolfe hasn't specced anyway (RNS unit is typical modern gadget and although all the rage now will be old hat in 3 years, and the rear parking camera is just begging to become faulty).
Morag: What is the secret to keeping a car more than 12 months? Staying away from temptation on internet forums is probably a good first step I reckon. I really want to get a mk6 and keep it a long time but the R model will effect me badly despite there's probably no way I could justify the likely cost of one, in fact I have trouble justifying the cost of a normal mk6 GTI as I get no car allowance and am not exactly on an executive salary either!!! :sad: I'm waiting for a decent deal on an ex-demo car with fairly basic spec.......
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The secret? You get fond of the car. You still see it as that sleek brand-new model you drove away in at the beginning, even though you know it's not. It's maybe an old-ish car, but it's your old-ish car. The longer you keep it, the fonder of it you get.
It's really quite upsetting me, thinking about scrapping it. But the time comes to anything that's been driven that far. :cry:
Last night I phoned a friend, whose husband had been keeping a wreck in their driveway waiting for the scrappage to be announced. I asked her to tell me about the new car. No new car, she said. The wreck doesn't qualify because it's not roadworthy. Despite the fact that they need a smaller runabout that they can insure for their student son, after the older student son wrote off the previous Honda Civic (and lost his licence, silly boy).
So I brought up the subject of her own car, one of these Volvo estates built like a tank. 15 years old and 145,000 miles, and a tail light with a Heath-Robinson repair. She's had that from new, too. She launched into exactly the same spiel about liking the car and not wanting to get rid of it. I said, now shut up a minute and listen to me. Two months ago I was singing exactly that tune too. But then I thought about it. If this scrappage deal was going on indefinitely then fine. Do it next year. Or even the year after. But it isn't. It'll stop in a few months. You can't keep that car forever, but nobody's going to give you £2,000 for it if you don't bite the bullet now.
I pointed out that she is a senior member of the medical profession (and has more money than God by the way) and just look what she's driving round in. She said she felt the old car gave her a bit of individuality, a quirk. (It's a Volvo estate, not a bloody Silver Spirit!) She still went on and on hesitating, but at least she promised to think about it.
It's a personal thing. Some people grow fond even of inanimate posessions, and don't want to move on even when common sense says it's the sensible thing to do. This car that's on order will only be the fourth one I've ever owned.
But if you're built so that you can leave your former pride and joy behind in the dealer's yard without a backward glane, then there's no much can be done about it.
Still, I look on the bright side. I had originally intended to downgrade so something sensible and economical. But I realised the only way I could be reconciled to giving up the Peugeot was by replacing it with something even nicer. So, Golf GTi MkVI is on the way!
Rolfe.
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I thought the £2k scrappage scheme only applied if you traded in for an economically friendly car?
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I thought the £2k scrappage scheme only applied if you traded in for an economically friendly car?
Nope! :grin:
Rolfe.
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I thought the £2k scrappage scheme only applied if you traded in for an economically friendly car?
It is economically friendly,less emissions than most old cars hence cheaper road tax,i`m scrapping a 2 ltr 16v sport astra 1996,tax is £200 a year on that and only £150 on the golf so i`m guesing its more economical.
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Maybe so, but there are no restrictions on what you can buy with the scrappage money. Nobody says the GTi isn't allowed - or a top-of-the-range Porsche, or a Chelsea Tractor.
Rolfe.
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I thought the £2k scrappage scheme only applied if you traded in for an economically friendly car?
That would be hugely hypocritical if true. It cost so much more (in gay environmental terms) to scrap, dispose of and make a new car than it does to keep running an old one.
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I thought the £2k scrappage scheme only applied if you traded in for an economically friendly car?
That would be hugely hypocritical if true. It cost so much more (in gay environmental terms) to scrap, dispose of and make a new car than it does to keep running an old one.
:laugh: :laugh: :laugh: gay enviromental terms
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I thought the £2k scrappage scheme only applied if you traded in for an economically friendly car?
That would be hugely hypocritical if true. It cost so much more (in gay environmental terms) to scrap, dispose of and make a new car than it does to keep running an old one.
I think you're probably right. I was justifying keeping the Peugeot so long in more or less these terms. Nevertheless the government in its wisdom decided it wanted cars over 10 years old off the road and replaced by new models (any new model, didn't have to be supporting British industry, and didn't have to be a "green" car). And it was prepared to give me £2,000 (OK, £1,000 and mandate the dealer to give another £1,000) to do that. So, do I look that stupid?
Rolfe.