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Model specific boards => Golf mk3 => Topic started by: snifferdog on 03 March 2011, 22:15

Title: Not a good time to be selling a mk3!
Post by: snifferdog on 03 March 2011, 22:15
They are ridiculously cheap at the minute. Been watching quite a few on ebay and they are literally selling for £200 - 300 for a good un. Most dont even meet the reserve. Surely the prices are gonna start climbing after this slump? Maybe petrol prices are to blame?
Title: Re: Not a good time to be selling a mk3!
Post by: tweed on 03 March 2011, 22:19
I think if you find a real good one you would be a fool not to buy it, beacause they will get rare and will go up in money. thats why I got my high spec gti. hoping one day it will be worth something
Title: Re: Not a good time to be selling a mk3!
Post by: Adezmk3 on 03 March 2011, 22:46
They are reaching an age where they are only worth anything to people who are interested and prepared to work on them as they are all getting a bit tired I think, for that reason I suspect everyone who isn't interested has decided to sell up and get a more modern, and in their opinion hopefully more reliable car, thereby swamping the 2nd market with hundreds of perfectly good cars.
The newest mk3 will be 13 years old now which is very old to a lot of people. Seeing anything pre the 'new' reg layout '**02 ***' is getting less and less common as people generally want newer cars I think and are flogging the old off at next to nothing or scrap value.
Title: Re: Not a good time to be selling a mk3!
Post by: BOILINGPOINT on 04 March 2011, 00:17
cost of fuel goes up
cost of mk3 diesels goes up
cost of mk3 gti's and vr's drops like a rock

I pretty much had to give away my tidy r-reg valver and have just paid a lot more for a half tidy bog standard tdi on a p-reg.

So it is a good time to be selling if you have an oil burner, not good if you have a pocket rocket.
Title: Re: Not a good time to be selling a mk3!
Post by: boneybradley on 04 March 2011, 00:27
one reason mk3 values have fallen is due to mk4 values falling (I have seen several mk4 gti's under £1000 recently..and they were selling for double that a year ago!)

and can I add I have looked at a few mk3 gti's in the last month (ebay and autotrader) and I don't think any were worth buying!! (I even upped my price range and they all still had some issues! 1 actually had 12 months mot and rotten sills!)
Title: Re: Not a good time to be selling a mk3!
Post by: Craiglannon on 04 March 2011, 16:21
pretty true the prices are dropping i bought a 96 golf gti 16v for £230 just a week or two ago all i had to do was sort the brakes for the mot.

Title: Re: Not a good time to be selling a mk3!
Post by: tdi_blu on 04 March 2011, 16:44
I dont think they have dropped to much tbh they have always been cheap a standard mk3 gti has always been between £500 to £1000 really for a while now ,VRs seem to still hold the money not to bad even with the rising fuel prices people still buy them but with VRs now you can get them on classic car insurance so that helps.Any car now without a MOT really isnt worth much just scarp value unless its a newer model car.I also think to really stand getting reasonable money the car needs to have some extras like coilovers,alloys and anything else will always help the sale.I recently put mine on pistonheads just to see if I would get any intrest I put it up at £1695 being cheeky which is pretty strong for a 8v and that same day I had 2 people intrested in the car but I bottled it then an took it off  :grin:
Title: Re: Not a good time to be selling a mk3!
Post by: DanTheDon on 04 March 2011, 16:53
I agree with the OP, even see the odd V5 go for under £1k.

Even so, two weeks ago i bagged myself a VR6 for £750, 9 months test & 3 months tax. Thought it was quite the bargain!
Title: Re: Not a good time to be selling a mk3!
Post by: harlemex on 05 March 2011, 14:16
Yeah prices have dropped I reckon. I paid 1100 for mine just over 3 years ago. There werent  many lower than that which were much cop. mine had 83,000 and full service and looked almost mint.
Title: Re: Not a good time to be selling a mk3!
Post by: *Jonnyg* on 05 March 2011, 15:47
Am awaiting for this lad to come pick my golf up,  AHU 1.9 tdi.. decked on rs5's ... few little problems like drivers window motor doesnt work.. and carpark dents n that.. but for 600 :(
Title: Re: Not a good time to be selling a mk3!
Post by: bulk66 on 05 March 2011, 16:34
I think the MK3 prices will start going up in the next couple of years, has any one been watching the prices om Mk2 roccos slowly going up they hit rock bottom and now there on the climb..... :smiley:
Title: Re: Not a good time to be selling a mk3!
Post by: Wayne on 05 March 2011, 19:50
I think the MK3 prices will start going up in the next couple of years, has any one been watching the prices om Mk2 roccos slowly going up they hit rock bottom and now there on the climb..... :smiley:

Don't think that will really happen, mk1 and mk2 Golfs yes they are on the climb but mk3 and 4 are dropping fast, in a few years a real nice anni or highline might be worth a little more.
Title: Re: Not a good time to be selling a mk3!
Post by: dom on 05 March 2011, 22:49
I think the MK3 prices will start going up in the next couple of years, has any one been watching the prices om Mk2 roccos slowly going up they hit rock bottom and now there on the climb..... :smiley:

Don't think that will really happen, mk1 and mk2 Golfs yes they are on the climb but mk3 and 4 are dropping fast, in a few years a real nice anni or highline might be worth a little more.

Agreed that they won't climb by much, but they can't really go any lower. Some mk3's are hardly worth more than scrap value and mk4's are rapidly heading that way too :undecided:
Title: Re: Not a good time to be selling a mk3!
Post by: Andy! on 06 March 2011, 01:08
Some good bargains to be had, saw this (http://this) for £350.
Low mileage, tidy paint, good tyres and a diesel too!
Title: Re: Not a good time to be selling a mk3!
Post by: snifferdog on 06 March 2011, 10:34
Dont worry - some of em are still worth 2 and a quater grand with no tax!

http://www.golfgtiforum.co.uk/index.php?topic=185137.0    :shocked: :shocked: :shocked:

I think the prices of mk3's will climb again but not in the near future, maybe when theyre really rare. Id give it another 10 years or so. :laugh:
Title: Re: Not a good time to be selling a mk3!
Post by: dom on 06 March 2011, 10:44
Dont worry - some of em are still worth 2 and a quater grand with no tax!

http://www.golfgtiforum.co.uk/index.php?topic=185137.0    :shocked: :shocked: :shocked:

I think the prices of mk3's will climb again but not in the near future, maybe when theyre really rare. Id give it another 10 years or so. :laugh:

That is stupidly overpriced :shocked: :grin:
Title: Re: Not a good time to be selling a mk3!
Post by: Seanl on 06 March 2011, 11:28
Granted that is in good nick, but seriously you could get a highline VR6, in decent condition with less miles than that!
Title: Re: Not a good time to be selling a mk3!
Post by: bulk66 on 06 March 2011, 12:56
Granted that is in good nick, but seriously you could get a highline VR6, in decent condition with less miles than that!

Nice car but really whos going to pay that?
Title: Re: Not a good time to be selling a mk3!
Post by: Wayne on 06 March 2011, 21:01
Dont worry - some of em are still worth 2 and a quater grand with no tax!

http://www.golfgtiforum.co.uk/index.php?topic=185137.0    :shocked: :shocked: :shocked:

I think the prices of mk3's will climb again but not in the near future, maybe when theyre really rare. Id give it another 10 years or so. :laugh:

That is stupidly overpriced :shocked: :grin:

Yep, well overpriced that is mk4 money these days, nuts trying to get that much not like it is low miles @ 126k.