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Model specific boards => Golf mk5 => Topic started by: MAW73 on 03 January 2011, 09:09

Title: Keeping your MK5?
Post by: MAW73 on 03 January 2011, 09:09
I'm trying to gauge how long to keep my Mk6 for and therefore wondering how long everyone has kept or intending to keep their mk5's GTi's for?

Is it best to sell after 3 years or 4 years. I do about 15k a year.

What's the difference in resale on a 3 year old Mk5 say with 4OK miles and a 4 year old with say 60K.

Thanks M

Title: Re: Keeping your MK5?
Post by: robern2 on 03 January 2011, 10:01
had my mk4 turbo for 10 years from  new, only  covered 70k. Plan to keep the ed30 for a similar period of time provided of course it remains  in  good nic.
Title: Re: Keeping your MK5?
Post by: Stitch on 03 January 2011, 10:09
I've had my mk5 GTi for 3.5 years now (it's 4 years old). I normally only keep cars for 2 to 3 years and the golf is now the car I've owned the longest, which has surprised me.

I'm planning to keep it for another 18 months so it'll be 6 years old and I would guess milage will be 75k to 80k miles but may well keeping for longer.
Title: Re: Keeping your MK5?
Post by: MAW73 on 03 January 2011, 10:10
had my mk4 turbo for 10 years from  new, only  covered 70k. Plan to keep the ed30 for a similar period of time provided of course it remains  in  good nic.

Thanks. Its nice to know other peoples views regarding this. I think I swap and change my cars to quickly tbo. I kept my previous car a mk5 GT for just under 3 years. As soon as it was fully paid for I traded it for the mk6 gti. All very well and nice to get a new car but continaully paying finance is not such a good thing.  :undecided:  

My mk5 was a great car by the way and never caused me any problems mechanically. Just a vw service every year and that was it  :wink:
Title: Re: Keeping your MK5?
Post by: Stitch on 03 January 2011, 10:20
Totally agree with you there!

I was fortunate enough to be able to pay cash for the golf when I bought it and not having had finace on it has been a nice feeling. I actually think that's contributed to me keeping it so long as what I wanted to change it for would mean between £5k and £10k worth of finace which I don't want to do!
Title: Re: Keeping your MK5?
Post by: MAW73 on 03 January 2011, 11:38
In hindsight it would have made good sense to have traded my Mk5 GT for a new as possible \ low millage ED30. I think when I've kept my mk6 3-4 years I'll maybe just opt for a another mk6 as opposed to a mk7.

Title: Re: Keeping your MK5?
Post by: Hurdy on 03 January 2011, 11:53
I usually change my car every year and the MKV Edition 30 I ended up keeping for 3.5 yrs. I now have a new Lexus IS-F sport, but will be trading it in for an RS3 soon :evil:
Title: Re: Keeping your MK5?
Post by: simond65 on 03 January 2011, 12:03
Mine is just over 4 years old and is now the longest I've owned a car. Having just done over 31 thousand miles I'm not looking to get out for mileage reasons and although I get the odd pang as we all do and then spend some time scouring the web for suitable replacements I never seem to come up with anything that's making a compelling reason for putting my hand in my pocket and changing.

So for now at least I'm staying put and although I'd like to upgrade the stereo to an RCD510 I read so many things on here about battery drain that I suspect I won't bother although if I was less inept with a set of spanners I might have had a different opinion.

Simon
Title: Re: Keeping your MK5?
Post by: MAW73 on 03 January 2011, 12:08
Sounds very nice Hurdy and glad your going back to a German car.

Title: Re: Keeping your MK5?
Post by: Stitch on 03 January 2011, 12:09
My initial ownership experience of the GTi was far from positive but when it comes To changing it I can't find anything i want to spend money on to replace it as it's such a good all rounder.  Cayman s Gen II is next car on the list form me.
Title: Re: Keeping your MK5?
Post by: MAW73 on 03 January 2011, 12:23
simond65 it says a lot for the mk5 that a lot of people have kept there ones 3 & 4 years +

Yep this has convinced me to keep the car I've got for a good few years (as I love it anyway) and even just go and buy a nearly new MK6 next time and not say a mk7.



Title: Re: Keeping your MK5?
Post by: Egbutt Wash on 03 January 2011, 14:38
I'll keep my GTI for about 6-8 years as the family runabout then give it away.
They tick all the boxes for me.
Title: Re: Keeping your MK5?
Post by: MAW73 on 03 January 2011, 15:00
What's a 4 year old mk5 worth these days with average millage? 10K??
Title: Re: Keeping your MK5?
Post by: Phil1980 on 03 January 2011, 18:29
Yes still worth about £10k, I will be selling mine this year will have had it 3 years in May, may end up just buying a newer GTI or if not will probably be a diesel A3.  Undecided, by far the best car I have had and insurance etc has always been cheap as well.
Title: Re: Keeping your MK5?
Post by: G864 TST on 05 January 2011, 00:33
Forever and ever!!!!
Seriously will never sell it, took my 17 years to own GTi - fell in love with the MK2 but just couldn't afford the insurance
Didn't like the mk3 or 4
Bought a mk5 1.4 s in 2005 loved it, finally bought my dream car 2 years later - brand new 2007 3dr completely standard black GTI
It's only done 11k, spent every night in the garage and I still get excited when I open the door and see it
Was tempted for a second with the mk6, probably will be again with the mk7 but know I'd regret it if I did
Nope it's me and the GTi forever!

CT
Title: Re: Keeping your MK5?
Post by: MAW73 on 05 January 2011, 14:25
Forever and ever!!!!
Seriously will never sell it, took my 17 years to own GTi - fell in love with the MK2 but just couldn't afford the insurance
Didn't like the mk3 or 4
Bought a mk5 1.4 s in 2005 loved it, finally bought my dream car 2 years later - brand new 2007 3dr completely standard black GTI
It's only done 11k, spent every night in the garage and I still get excited when I open the door and see it
Was tempted for a second with the mk6, probably will be again with the mk7 but know I'd regret it if I did
Nope it's me and the GTi forever!

CT

TBO is probably not a bad I idea to skip a generation and go from a Mk5 to a Mk7 anyway?