GolfGTIforum.co.uk
Model specific boards => Golf mk7 => Topic started by: eatontrifles on 03 January 2018, 12:28
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I've come to the very difficult decision to sell my GTI 7.5 DSG 5 door, due to a combination of personal reasons. :cry:
It's really nicely specified with dynamic chassis control, Dynaudio, dynamic light assist, lane assist with traffic sign recognition, art velours interior, keyless, metallic Isaac blue. It was registered in May 2017, done 6900 miles and is spotless.
I'm after £25k and I know that it would go straight on a forecourt for around £27k with the options and condition meaning it would sell fast.
Pictures are in my signature below - posting here first before going to other classifieds in case anyone was thinking of buying.
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Such a shame eatontrifles, hope all is okay :smiley: Someone is bound to snap it up sharpish.
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Do you think you could get 25k for it as a straight sale?
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I would have thought it would book at around £21k.
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I would have thought it would book at around £21k.
Your book is way out of date, I've been offered far more than that in Part Ex already.
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Do you think you could get 25k for it as a straight sale?
If someone on here was looking for one at a dealer, with equivalent mileage & spec they are listed for around £27k - some are even higher.
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Wanting 25k and getting it is going to be your problem.
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I would have thought it would book at around £21k.
Your book is way out of date, I've been offered far more than that in Part Ex already.
PX value will all depend on the deal. If the dealer has a good margin in the car you are buying, or needs to get rid, there's a good chance you'll be offered a higher trade in price. I'm also guessing that you're rolling over your current finance deal over onto the next car. In which case there will be finance commission, which also increases the dealers margin.
A car is worth what a car is worth. That can be quite different to the perceived value on the sales invoice as there are other variables. If a dealer was buying your car for stock, I'm confident that my value is about right.
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Indeed - I recently got a DtD quote for a 5-door Performance Pack GTI with DSG and metallic - 27k! I believe this car is a standard GTI so presumably can be had for a grand less, new via this method (albeit without the extra options)
The options on your car are really nice to have but sadly (as I have found out to my great cost) they don't add anything significant to the vehicle value once it becomes a used car. This is particularly so with the GTI range as the car is so well specified to begin with and most options are very personal.
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Problem is private buyers with that sort of cash. And your specific extras as opposed to buying new to a chosen spec with cash and getting 15++%off. Or simply leasing as most seem to do.
I would think try £25k Ono with £23k your realistic expectations.
Shame you have to sell so early and therefore taking the biggest hit.
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Top CAP price on this is £22,300 by my reckoning.
My suggestion would be to take it to a car buying company (not WBAC) and get that maybe plus a little bit more.
Sure, the forecourt is going to see this up for £27k but a 5k margin is about what a dealer wants to make on a nearly new car. Its nuts but its true.
When you drive a new vehicle away for the first time, you expect to loose the VAT on it immediately - on a 27k vehicle, that's £5400... so I think if you can get £22k you'd be about right.
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The PX offer I had was not subject to buying a particular car as the car I went in to look at sold to someone else while I was on the test drive. :rolleyes:
I know I will be taking a hit and I have done the financials, but I have to move on and will either PX it against the replacement or pay the settlement and sell standalone, either privately or elsewhere.
The figures quoted so far are wrong, the real world is offering more.
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I suggest you take it then.
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You need a different car not just no car at all?
If you can find someone prepared to give you a PX price more than the max CAP figure I quoted, rip their arm off is what I say.
Of course the PX price and the price you pay for the new car are both variables. Often they will increase the PX price rather than decrease the sale price of the new vehicle because it makes a customer happier to imagine that their old car was worth more...easier to close the deal.
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You do not automatically loose the vat on a new car, I've heard this loads of times and it simply is not true. I bought my new Golf R for £28600 and sold it to a trader 8 months later for £28500. I've bought a few other cars and sold after a year for around 10-12% loss. Supply and demand dictates car prices, vat doesn't come into it, loads of salesmen go on about the loss of vat, but it's just their way of justifying their profit margin.
OP, put your car on Tootle and try Sellcar, you'll get more than the likes of WBAC, just remember January generally isn't the best time to sell. To get top money you need to sell privately, but selling cars privately above £20k is tough and most buyers want them for less than trade price in my experience, total time wasters. Nearly all of mine have gone to traders, I never part-ex, I usually stick them on Autotrader and state on the ad that I'll consider sensible trade bids, nine times out of ten that what I get and that's where I end up selling them.
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OK in that case the PX price they gave you will most likely be in relation to the screen price on (any of their) their stock vehicles. Its very unlikely you will get a stonking discount of the screen price as well as way over book price for your existing car - its normally either one or the other.
In other words its not a straight purchase price for your car so the true deal is somewhat masked by the associated purchase you will be making.
In my experience I have got the best deal by selling the existing car on Autotrader and purchasing via broker (and three cars ago it was a dealer that bought it). But that might not be convenient for you I appreciate.
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Out of interest EatonRifles, what are you looking to buy instead? (Just after we had the great OAP SUV debate the other day :grin: :grin: :grin: :grin:)
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Looking at a 530d touring, around 3-4 years old.
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Thats a big old beast of a car.
At least its not a SUV! :grin: :grin: :grin: :grin:
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Thats a big old beast of a car.
At least its not a SUV! :grin: :grin: :grin: :grin:
It does sound a little bit pipe and slippers :wink: :whistle: :laugh:
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Thats a big old beast of a car.
At least its not a SUV! :grin: :grin: :grin: :grin:
Thanks :laugh:
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It does sound a little bit pipe and slippers :wink: :whistle: :laugh:
Probably sounds more like baby buggy and associated metric sh1t ton of baby equipment
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It does sound a little bit pipe and slippers :wink: :whistle: :laugh:
Probably sounds more like baby buggy and associated metric sh1t ton of baby equipment
Not quite, but she does have plans. The decision was driven by other external factors as well.
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I second giving Tootle a go - I sold my high spec S4 on there on the same day I listed it, for about £2-4k more than P/X prices I was being offered (inc. WBAC).
Dealers offering P/X prices didn't place any value on the high specification at all, whereas the dealers on Tootle could distinguish between the book price for a standard car and a desirable high spec car
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You could always put a detailed ad up on this site and see how it goes? The classifieds seem a bit damp on this site.
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You do not automatically loose the vat on a new car, I've heard this loads of times and it simply is not true. I bought my new Golf R for £28600 and sold it to a trader 8 months later for £28500. I've bought a few other cars and sold after a year for around 10-12% loss. Supply and demand dictates car prices, vat doesn't come into it, loads of salesmen go on about the loss of vat, but it's just their way of justifying their profit margin.
OP, put your car on Tootle and try Sellcar, you'll get more than the likes of WBAC, just remember January generally isn't the best time to sell. To get top money you need to sell privately, but selling cars privately above £20k is tough and most buyers want them for less than trade price in my experience, total time wasters. Nearly all of mine have gone to traders, I never part-ex, I usually stick them on Autotrader and state on the ad that I'll consider sensible trade bids, nine times out of ten that what I get and that's where I end up selling them.
Agree VAT is part of the total and it basically follows the car to it's end. In the real world of valuation.
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I find that cars tend not to sell too well on car specific forums. Probably because most people on here already have one.
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It might be worth sticking it up on here, as people do definitely visit forms just to hunt for cars. I sold my mk6 GTI to someone on here and that was without even getting as far as advertising it.
Also, there’s a few pre facelift R’s for sale on VWROC (R forum) though you need to be a member with 25 posts to view them in Classifieds.
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Little Lofty is right, you don't lose the VAT when you drive off the forecourt. This is simply a myth, as VAT is only ever a factor if you buy from a VAT registered seller. Even then, in the case of used cars VAT is only usually paid by the dealer on the difference between purchase and sale price. It's called the VAT margin scheme.
Supply and demand drives used car values, VAT is incidental.
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Seams stupid not to put an advert up here. Any free advertisement is good advertisement.
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Seams stupid not to put an advert up here. Any free advertisement is good advertisement.
I thought my first post was as close to an advert as I would be allowed - don't know the rules of posting for sale threads in the forums. I'm serious about selling and am having discussions with dealers about PX values currently.
Are you looking to buy? Drop me a PM with your phone number if you want and I'll give you a call.
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Seams stupid not to put an advert up here. Any free advertisement is good advertisement.
I thought my first post was as close to an advert as I would be allowed - don't know the rules of posting for sale threads in the forums. I'm serious about selling and am having discussions with dealers about PX values currently.
Are you looking to buy? Drop me a PM with your phone number if you want and I'll give you a call.
I think they mean put an advert in the for sale section of the forum.
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Surely anyone with £25k would order a brand new one via DtD? As others have said, options mean different things to different people, I’d rather have a brand new car with zero Miles and full warranty for sure!
Anyway, just put a proper ad up in for sale!
Good of luck
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Surely anyone with £25k would order a brand new one via DtD?
Current price that way with the same options is £28600, and it's a 3-4 month wait. VW have used ones with less spec listed for almost £29k!
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Think you need to get a decent advert online and see if your right then mate. Your problem is that your not a dealer and can’t offers things like finance options etc. The majority of people buy a car like yours on finance. I have sold many cars and the hardest one to sell was my 20 month old Mk7 GTI, older cars are easier to sell. You will have to be lucky enough to find a buyer who has the cash waiting. I think you need to avoid comparing yours to a forecourt car as you are not a dealer and people will want it off you at a bargain price.
I ended up getting £1500 more than I was offered part ex.... and it took weeks to sell. Luckily Audi held on to the S3 I had put a deposit on to give me time to sell but their patience was running out!!
I reckon you are in for a shock on what you actually get for it on a private sale.... but it could be debated for an age. Get it on autotrader and see what happens and I hope you get what you want for it.
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Have you Finance on the car? If you have that will really complicate a private sale. I sold my 4 year old GTD privately recently and finance showing on an HPI check was off putting. Yes a private buyer can pay the finance company direct but buyers don’t want any hassle and look for a clean simple HPI clear purchase. To that end you really need to be able to pay off the finance yourself before advertising.
And I concur with dealers being able to sell cars for a lot more than a private seller can. They offer all facilities and reassurances to a buyer but it’s also true dealers struggle to sell cars at a few months old as often brand new is more attractive to buyers especially as finance rates tend to be lower.
Having said all that get it advertised using all the regular sites and if you have time to wait for the right buyer and are realistic on price you should sell it.
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I've been offered £23750 by a VW dealer this morning. The straight PX offer against the retail price of a 530d I am interested in was £23k but I had already been offered £750 off the retail price for a purchase without PX.
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If it was me, I'd jump at it as I hate selling privately and that sounds very fair.
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I would take it. The ease of selling to a dealer saves a lot of grief with private buyers making silly offers and needing test drives with all the associates insurance issues!
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Would consider part ex. For this if u sell to the trade...
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I've been offered £23750 by a VW dealer this morning. The straight PX offer against the retail price of a 530d I am interested in was £23k but I had already been offered £750 off the retail price for a purchase without PX.
I would be all over that offer like a rash but then again I don’t like to wait around and take a risk. That’s a good offer and, if you wait, it can only go one way.
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Would consider part ex. For this if u sell to the trade...
I'll post up on here once I've handed it over.
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Would consider part ex. For this if u sell to the trade...
I'll post up on here once I've handed it over.
Thanks, good luck with the sell...
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Sold to VW Leeds for £24k.
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Sold to VW Leeds for £24k.
Shame it had to go but a great result! :smiley:
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So roughly 17% loss.... I guess if VAT was still 17.5% I'd have been about right.
When I said "loose the VAT", I don't mean literally, I mean that you loose about 17-20% in resale value when you take delivery compared to purchase price!
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So it's a goodbye from me then, I enjoyed my time with the GTI immensely and if it wasn't for the scumbags who try and steal them I'd still have it. VW do need to fit better tyres as standard though, trying to pull off in anything other than perfectly smooth and dry tarmac was a wheelspin-fest.
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Great result! Best of luck going forward :smiley:
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Theft of GTIs can't be that bad as my insurance is dirt cheap. If thefts were more prevalent the premiums would show it
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Great price, true regarding tyres... I’ve put winter tyres on mine, and it’s changed the car, so much more grip, even in the wet...
Bridgestone are toilet
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Theft of GTIs can't be that bad as my insurance is dirt cheap. If thefts were more prevalent the premiums would show it
It was two break-ins (one was an attempt, the second they actually broke in and only a Ghost saved my car but they still stole my wife's) within the space of 3 months in my case. The first was three months after I took delivery of the car.
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Sad times eatontrifles. :cry:
Hopefully you and your family weren't hurt. As much as I enjoy my car, family means more. Let's hope the wicked little scumbags leave you alone now.
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I was going to post here when my old car appeared on the VW used site to let folk know but it's been over a week now and it still isn't listed. I wonder if they sold it straight on without advertising?
Has anyone else sold to VW? How long would it normally take to be listed? I'm slightly curious about what value they'd have it up at as well TBH.
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It has now appeared; https://00246.usedcars.volkswagen.co.uk/en/used-cars/volkswagen/golf/mk7-facelift-20-tsi-gti-ss-230-ps-dsg-5-nxbjfmj
Just as I predicted - listed for £27k.