GolfGTIforum.co.uk

Model specific boards => Golf mk7 => Topic started by: Hawaii-Five-O on 06 April 2013, 22:31

Title: Can ordering mid-plate effect future residuals?
Post by: Hawaii-Five-O on 06 April 2013, 22:31
Very close to placing my order for a GTD DSG 3 door in white.

Just wanted to throw a question your way.

If I order next week, build week 15, roughly expect a 12 week turnaround, that would place delivery at around 1 July. That's only 8 weeks off a the new 63 plates being issued.

How may receiving a 13 plate car, so close to the change over to 63 plates, effect the future residuals of my car when I sell it on in 3/4 years time?

Should I wait to place my order so I get a September 1st delivery (thus increasing my future residual price)?

Thank
Gaz
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Gryzor on 06 April 2013, 22:39
In today's climate of having two plate refreshes every year, it won't make too much difference over the 3/4 years you are talking about.  8 weeks is two months - that pits it at 2/3 through the current cycle, so I'd just place the order and enjoy it.
Title: Re: Can ordering mid-plate effect future residuals?
Post by: master_hayabusa on 07 April 2013, 00:11
Very close to placing my order for a GTD DSG 3 door in white.

Just wanted to throw a question your way.

If I order next week, build week 15, roughly expect a 12 week turnaround, that would place delivery at around 1 July. That's only 8 weeks off a the new 63 plates being issued.

How may receiving a 13 plate car, so close to the change over to 63 plates, effect the future residuals of my car when I sell it on in 3/4 years time?

Should I wait to place my order so I get a September 1st delivery (thus increasing my future residual price)?

Thank
Gaz

I agree with Gryzor, better to be one of the first to drive that model. Ask yourself, would you rather have it during the Summer or just before gloomy Autumn?
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Ginge 35Edition on 07 April 2013, 06:54
Agree with both above, you'll be talking a matter of pounds so don't worry about it and enjoy ya new motor and decent weather.
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Hawaii-Five-O on 07 April 2013, 09:16
Thanks for the reassurance chaps.

However, I'm still not sure how much it will reduce the asking price of the car when it comes to selling on.

When people do a search on Pistonheads or AutoTrader (in 3/4 yrs time) the car would come up as a 13 plate as apposed to a 63 plate. Psychologically because 63 plates run through to Feb 2014 would you not gravitate towards that and overlook the 13 plate because its cheaper?

Sorry to bang on but every penny counts these days :wink:
Title: Re: Can ordering mid-plate effect future residuals?
Post by: dubber36 on 07 April 2013, 10:50
As said before, with the twice yearly plate changes, it doesn't make that much difference these days.

Most people buying a 3-4 year old used car will buy on spec, mileage and condition over what number plate it had on it. If you px it, the dealer will tell you the older reg is worth less, but you'll have no trouble selling a nice car privately at that age, so should get way more than a px value. Plus with cash, you'll be in a better negotiating position for your next car.
Title: Re: Can ordering mid-plate effect future residuals?
Post by: SRGTD on 07 April 2013, 10:56
If I was looking to buy a 3 - 4 year old car, condition, spec, service history (and to a lesser extent, mileage) would be more of a priority to me than whether it had 13 or 63 reg. plate.

I was in a similar situation when I got my mk6 GTD. I took delivery on 14 July 2011 so I could enjoy using it during what was left of the summer. I'd waited 8 months to get it from time of ordering (6 - 8 months wait wasn't unusual a couple of years ago for GTI's / GTD's). I could have asked the dealer to delay registering it as a 61 plate and taking delivery in September, but I'd waited long enough.

Go on, bite the bullet, order it now and enjoy driving it during the summer!


Title: Re: Can ordering mid-plate effect future residuals?
Post by: charlie on 07 April 2013, 11:00
I think if anything it would be a £500 difference but you also have to think that if your car is a minter then you can push for a better deal I personally look at condition rather than plate number :smiley:
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Hawaii-Five-O on 07 April 2013, 11:09
Cheers guys. Your counter arguments are becoming quite persuasive. Ha!

Just finding it hard to press the green light on my order – it's a lot of money so makes me feel nervous :wink:
Title: Re: Can ordering mid-plate effect future residuals?
Post by: charlie on 07 April 2013, 11:12
Cheers guys. Your counter arguments are becoming quite persuasive. Ha!

Just finding it hard to press the green light on my order – it's a lot of money so makes me feel nervous :wink:
dont feel nervous doit  :evil:
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Rhyso on 07 April 2013, 11:23
Depends if they make any revisions

MY14 cars will be built from June / July onwards so there may be some slight changes in spec.......

Equally, in my opnion, you should be ordering a car to enjoy, not worry about what its worth when you come to sell it.

If thats your main worry I'd wait buy 2nd hand as the main depreciation will have taken place. That and any early production niggles will have been sorted
Title: Re: Can ordering mid-plate effect future residuals?
Post by: monkeyhanger on 07 April 2013, 12:41
Depends if they make any revisions

MY14 cars will be built from June / July onwards so there may be some slight changes in spec.......

Equally, in my opnion, you should be ordering a car to enjoy, not worry about what its worth when you come to sell it.

If thats your main worry I'd wait buy 2nd hand as the main depreciation will have taken place. That and any early production niggles will have been sorted

Most people worry what their car is worth when they come to sell it. Buying any car less than 3 years old and your depreciation will usually be higher than your fuel bill. It is the most costly purchase most people will make in terms of depreciation as houses don't (generally) depreciate like cars do.

Many VW owners buy them partially due to their higher than average residuals as well as for the car itself. VW nearly new prices usually mean that an ex-demonstrator costs you nigh-on as much as a brand new one if you managed to negotiate a discount on the new one. If VWs depreciated like Fords and Vauxhalls I certainly wouldn't be buying one, no matter how good they were.

Changes in spec on a MY basis usually doesn't affect the value by much unless a major revision has come in, like when VW start giving away free leather seats on cars heading towards the end of their model life. Minimise VW depreciation by minimising the extras - they add almost nothing to the used value. I considered ordering Leather on my current car but my dealer advised me taht for the £1740 cost, it would enhance the used value by just £300 at trade in time - very poor value. Always better to buy the next trim level up if it includes a lot of the speccable extras you are looking at. a late 11 plate is not worth much less than an early 61 plate for a Golf/Scirocco GT/GTD, there'll be a difference of around £250 per month's age difference e.g. Jul 11 (11 plate) Golf is worth £500 less than a Sep 11 (61 plate Golf).
Title: Re: Can ordering mid-plate effect future residuals?
Post by: charlie on 07 April 2013, 15:42
Depends if they make any revisions

MY14 cars will be built from June / July onwards so there may be some slight changes in spec.......

Equally, in my opnion, you should be ordering a car to enjoy, not worry about what its worth when you come to sell it.

If thats your main worry I'd wait buy 2nd hand as the main depreciation will have taken place. That and any early production niggles will have been sorted

Most people worry what their car is worth when they come to sell it. Buying any car less than 3 years old and your depreciation will usually be higher than your fuel bill. It is the most costly purchase most people will make in terms of depreciation as houses don't (generally) depreciate like cars do.

Many VW owners buy them partially due to their higher than average residuals as well as for the car itself. VW nearly new prices usually mean that an ex-demonstrator costs you nigh-on as much as a brand new one if you managed to negotiate a discount on the new one. If VWs depreciated like Fords and Vauxhalls I certainly wouldn't be buying one, no matter how good they were.

Changes in spec on a MY basis usually doesn't affect the value by much unless a major revision has come in, like when VW start giving away free leather seats on cars heading towards the end of their model life. Minimise VW depreciation by minimising the extras - they add almost nothing to the used value. I considered ordering Leather on my current car but my dealer advised me taht for the £1740 cost, it would enhance the used value by just £300 at trade in time - very poor value. Always better to buy the next trim level up if it includes a lot of the speccable extras you are looking at. a late 11 plate is not worth much less than an early 61 plate for a Golf/Scirocco GT/GTD, there'll be a difference of around £250 per month's age difference e.g. Jul 11 (11 plate) Golf is worth £500 less than a Sep 11 (61 plate Golf).
agree agree agree  :cool:
Title: Re: Can ordering mid-plate effect future residuals?
Post by: linc-dub on 07 April 2013, 21:08
I'm waiting to order my GTD as I want a Sep 1st 63 plate reg
Title: Re: Can ordering mid-plate effect future residuals?
Post by: SF-GTD on 07 April 2013, 22:13
Very close to placing my order for a GTD DSG 3 door in white.

Just wanted to throw a question your way.

If I order next week, build week 15, roughly expect a 12 week turnaround, that would place delivery at around 1 July. That's only 8 weeks off a the new 63 plates being issued.

How may receiving a 13 plate car, so close to the change over to 63 plates, effect the future residuals of my car when I sell it on in 3/4 years time?

Should I wait to place my order so I get a September 1st delivery (thus increasing my future residual price)?

Thank
Gaz

Are you trading in your Scirocco for the GTD?  I understand your concern about the future value of the GTD, but how much will your Scirocco lose if you hold on for the new reg on the GTD?  In trying to a avoid losing money in the future, you could lose money on your trade in now.  If you're in a position to order your car now, I say go for it.
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Jimble on 07 April 2013, 22:14
I'm waiting to order my GTD as I want a Sep 1st 63 plate reg


I've ordered mine already but don't want it till sept, i've told my dealer it had better not be used as a demo or we'll have big problems!! >:( :D
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Hawaii-Five-O on 07 April 2013, 22:19
I'm waiting to order my GTD as I want a Sep 1st 63 plate reg


I've ordered mine already but don't want it till sept, i've told my dealer it had better not be used as a demo or we'll have big problems!! >:( :D

Why do you want to wait until Sept 1st for delivery Jimble? Is it for the same reasons as my concerns? (i.e. that you want a 63 plate for kudos and better future residuals?)

Gaz
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Jimble on 07 April 2013, 22:28
I'm waiting to order my GTD as I want a Sep 1st 63 plate reg


I've ordered mine already but don't want it till sept, i've told my dealer it had better not be used as a demo or we'll have big problems!! >:( :D

Why do you want to wait until Sept 1st for delivery Jimble? Is it for the same reasons as my concerns? (i.e. that you want a 63 plate for kudos and better future residuals?)

Gaz


No mate, it's for financial reasons for me, my current finance will be cleared by then.
Title: Re: Can ordering mid-plate effect future residuals?
Post by: blueheaduk on 07 April 2013, 23:50
I'm waiting to order my GTD as I want a Sep 1st 63 plate reg


I've ordered mine already but don't want it till sept, i've told my dealer it had better not be used as a demo or we'll have big problems!! >:( :D

Why do you want to wait until Sept 1st for delivery Jimble? Is it for the same reasons as my concerns? (i.e. that you want a 63 plate for kudos and better future residuals?)

Gaz


No mate, it's for financial reasons for me, my current finance will be cleared by then.


Were they agreeable to that!? Sounds a good idea but I hadn't thought it an option...
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Gryzor on 08 April 2013, 07:38
It's my 40th soon, and I wanted something special to keep from my mum.  She suggested a private plate, top idea!  Eliminates plate-envy to a degree, and unless the car slips into August, chances are I'll pick mine up as soon as I can!
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Jimble on 08 April 2013, 08:04
I'm waiting to order my GTD as I want a Sep 1st 63 plate reg


I've ordered mine already but don't want it till sept, i've told my dealer it had better not be used as a demo or we'll have big problems!! >:( :D

Why do you want to wait until Sept 1st for delivery Jimble? Is it for the same reasons as my concerns? (i.e. that you want a 63 plate for kudos and better future residuals?)

Gaz


No mate, it's for financial reasons for me, my current finance will be cleared by then.


Were they agreeable to that!? Sounds a good idea but I hadn't thought it an option...

Yeah, didn't seem to be a problem tbh, i'm not sure how other dealers would feel about it though as i have quite a good relationship with the one i use.
Title: Re: Can ordering mid-plate effect future residuals?
Post by: monkeyhanger on 08 April 2013, 08:28
For those that trade in every 2 or 3 years there is nothing really in it between getting now and getting at the new plate. My Scirocco is depreciating at the rate of approx £250 a month between years 2 and 3. The GTD/GTI will probably be doing the same at the same point in time after purchase. Prices between plates differ on a monthly basis rather on a 6-monthly basis. My June 2011 Roc is worth about £750 more than a March 2011 Roc that was on a brand new plate. Age between plates is far more relevant than it was on the annual plate changes when for the sake of a few weeks your car could look a year older than it actually was.

I think there's more Kudos to getting one of the first ones in the country (unless it's riddled with teething troubles) than getting a newer plated one - there will always be a newer plate, every 6 months of ownership. For me it's not worth hanging on for the new plate unless maybe your car isn't ready until  literally 4-6 weeks away from the new plate. If you're superstitious you might want to avoid the "13" plate. I have high hopes for my GTD. It seems that every other car I own gets clattered off someone very early in it's life. The current Scirocco was the latest victim of someone driving into a parked up bright blue car on a clear and sunny day, so this new GTD should hopefully survive unscathed.
Title: Re: Can ordering mid-plate effect future residuals?
Post by: monkeyhanger on 08 April 2013, 08:35
I'm waiting to order my GTD as I want a Sep 1st 63 plate reg


I've ordered mine already but don't want it till sept, i've told my dealer it had better not be used as a demo or we'll have big problems!! >:( :D

If it's hanging about in the dealership for a few months you can be pretty sure it'll be on display (you'll have saved them having to buy a display/demonstrator). It won't get used on the road, but you'll probably have plenty of curious dealership visitors looking it over and having a sit in it. Make sure they keep it out in the locked lot until you want it.
Title: Re: Can ordering mid-plate effect future residuals?
Post by: dubber36 on 08 April 2013, 11:14
I'm waiting to order my GTD as I want a Sep 1st 63 plate reg


I've ordered mine already but don't want it till sept, i've told my dealer it had better not be used as a demo or we'll have big problems!! >:( :D

If it's hanging about in the dealership for a few months you can be pretty sure it'll be on display (you'll have saved them having to buy a display/demonstrator). It won't get used on the road, but you'll probably have plenty of curious dealership visitors looking it over and having a sit in it. Make sure they keep it out in the locked lot until you want it.

Doesn't stop zips and buckles tho'. Just get the thing as soon as it lands James. I'd even take mine with all the stickers and plastic still on it. The less time the dealers have got to damage it, the better
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Gryzor on 08 April 2013, 11:28
Far be it from me to interpret somebody else's financial situation, but I wouldn't have thought that a couple of months would make too much difference on the trade and purchase of a car worth £26,500.  Having said that, we all have boundaries and expectations, and I certainly stuck to mine, so...  Just not sure I could stand the wait knowing my car had landed and was potentially being oogled at and sampled by grubby mitts!
Title: Re: Can ordering mid-plate effect future residuals?
Post by: monkeyhanger on 08 April 2013, 12:16
Most dealers give you a part-ex price based on you picking the car up as soon as it is available. In the instance of my 11 plate Roc, if the GTD was available early in June and I didn't want it until Sept, the dealership might be rightly pee'd off. That part-ex Roc would depreciate £750 in the "waiting" time and in the meantime the dealer has tied up money or credit against VW UK with the GTD by ordering it in well before it is wanted as well as having to ensure it's safekeeping in the meantime. Of course 3 years down the line your Sep 13 GTD is worth £750 more than your June 13 GTD. Have you gained anything at all?

If you are making your dealer wait to deliver your car, don't be surprised if he wants to renegotiate your part-ex price if he wasn't already aware of the intended delayed pick-up as part of the agreed deal.

Completely agree with Gryzor's comments above.
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Gryzor on 08 April 2013, 13:29
Good points too monkeyhanger, on newer cars the trade-in is affected a lot by the expected delivery time.  Either way, you end up losing the money somehow, somewhere along the line!
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Jimble on 08 April 2013, 13:52
He has agreed to it being delivered in sept and has agreed to stand on a very good trade in. If it has any more than about 5~7 miles on it i'll be kicking up a fuss and as far as condition goes it'll be checked over with a fine toothed comb!

Mines in for service and MOT next week so i'll ask about trading sooner but the difference in monthly payments might not add up.
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Gryzor on 08 April 2013, 14:28
Sounds like a plan Jimble, and in 6 months time none of it will matter :wink:
Title: Re: Can ordering mid-plate effect future residuals?
Post by: GolfTi on 08 April 2013, 22:58
Jimble

Your dealer should ' manage' your order.

Anyone who orders after you and wants it before you gets it before you.

And why not? Better than having it delivererd in July and being a show car for 2 months....
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Jimble on 08 April 2013, 23:13
I paid a £500 deposit early march to secure allocation with the understanding that i wanted it in sept, being honest i am quite surprised he ordered it as soon as he could? I have told him i don't want it in the showroom or used as a demo. What else can i say??
Title: Re: Can ordering mid-plate effect future residuals?
Post by: GolfTi on 08 April 2013, 23:27
I totally understand.

But do you have an order number yet?
The dealers are dealers after all and will probably just put you in the queue.

If that coincides with a Sept delivery then great.

The three dealers I tried wanted at least 1k before they would take the order.

Get the order number and ask your dealer for a screenshot of confirmation.
Title: Re: Can ordering mid-plate effect future residuals?
Post by: blueheaduk on 08 April 2013, 23:37
My dealer put my order through with a £500 deposit... I haven't heard from them re: an order number though. I'm assured the order has been put through though!

Gosh we're all so impatient and eager to get these cars aren't we lol
Title: Re: Can ordering mid-plate effect future residuals?
Post by: GolfTi on 08 April 2013, 23:47
Yes, because us mk6ers remember the last time.

No order number?
Dealers will take orders and put them in front of you if they have a pushy customer.
They have also been known to take orders knowing that they cannot fulfil them. :shocked: :shocked: :shocked:
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Jimble on 08 April 2013, 23:56
No order number but tbf i haven't asked and didn't get one for my mk6, although they didn't do the tracker when i ordered my 6 so i'll give him a call tommorrow and ask. :smiley:

You lot have got me thinking about an earlier delivery now, DAMN YOU!! :evil:
Title: Re: Can ordering mid-plate effect future residuals?
Post by: GolfTi on 09 April 2013, 00:06
Mission accomplished. :grin:
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Gryzor on 09 April 2013, 07:45
No order number but tbf i haven't asked and didn't get one for my mk6, although they didn't do the tracker when i ordered my 6 so i'll give him a call tommorrow and ask. :smiley:

You lot have got me thinking about an earlier delivery now, DAMN YOU!! :evil:
Haha, the old battle of good on one shoulder and evil on the other!  Do it, do it! lol  :evil:
Title: Re: Can ordering mid-plate effect future residuals?
Post by: monkeyhanger on 09 April 2013, 08:25
I have the order number for mine and my dad's GTDs. I only had to put £200 down on mine but the dealer wanted £500 off my dad. How does the tracker work then? Anyone got a web address that I assume you input your order number into? The dealer has confirmation that our cars will be delivered to Tyne Dock (about a mile from my house and 8 miles from the dealership) rather than one of the 2 main VW delivery hubs (i'm assuming one near Hull/Grimsby and another around Folkestone/Kent) which will supposedly knock nearly a week off delivery time.
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Jimble on 09 April 2013, 10:58
Just put the order number in the box on this page mate:

http://www.volkswagen.co.uk/owners

 :wink:
Title: Re: Can ordering mid-plate effect future residuals?
Post by: ROO1 on 09 April 2013, 12:57
I was going to wait till sept too, however on reflection I couldn't see the point due to the car being on pcp
Title: Re: Can ordering mid-plate effect future residuals?
Post by: monkeyhanger on 09 April 2013, 13:15
I had an email from my dealer today at 11am. Both mine and my dad's GTDs have moved from order accepted to "assigned" status, meaning that they are now in the build queue but no build week has yet been allocated. If VW are a bit slow on work right now we might get them sharpish.
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Jimble on 09 April 2013, 13:21
I had an email from my dealer today at 11am. Both mine and my dad's GTDs have moved from order accepted to "assigned" status, meaning that they are now in the build queue but no build week has yet been allocated. If VW are a bit slow on work right now we might get them sharpish.

Exactly what i've just been told by my dealer, he says it'll be here around mid june.
Title: Re: Can ordering mid-plate effect future residuals?
Post by: dubber36 on 09 April 2013, 13:40
I had an email from my dealer today at 11am. Both mine and my dad's GTDs have moved from order accepted to "assigned" status, meaning that they are now in the build queue but no build week has yet been allocated. If VW are a bit slow on work right now we might get them sharpish.

Exactly what i've just been told by my dealer, he says it'll be here around mid june.

Just in time for Inters then.
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Jimble on 09 April 2013, 14:18
I had an email from my dealer today at 11am. Both mine and my dad's GTDs have moved from order accepted to "assigned" status, meaning that they are now in the build queue but no build week has yet been allocated. If VW are a bit slow on work right now we might get them sharpish.

Exactly what i've just been told by my dealer, he says it'll be here around mid june.


Just in time for Inters then.

Nah, having spoken to my dealer i'm pretty sure i'm going to wait till september so will miss most/all shows. :sad:
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Mr GTD on 09 April 2013, 14:18
I had an email from my dealer today at 11am. Both mine and my dad's GTDs have moved from order accepted to "assigned" status, meaning that they are now in the build queue but no build week has yet been allocated. If VW are a bit slow on work right now we might get them sharpish.

Exactly what i've just been told by my dealer, he says it'll be here around mid june.

Sounds promising mate... :cool:
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Jimble on 09 April 2013, 14:26
I had an email from my dealer today at 11am. Both mine and my dad's GTDs have moved from order accepted to "assigned" status, meaning that they are now in the build queue but no build week has yet been allocated. If VW are a bit slow on work right now we might get them sharpish.

Exactly what i've just been told by my dealer, he says it'll be here around mid june.


Sounds promising mate... :cool:

I'll go and have a look round it when it arrives but i'm def waiting till sept, he has promised me that it'll be kept indoors (not the showroom) and no one will drive it other than for PDI and i'm quite happy with that, i asked if having it sooner would make a difference to the trade in value but he said no as he's giving me what it's worth now anyway which is fine, so no incentive other than kudos to have it sooner.
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Gryzor on 09 April 2013, 14:34
I'll go and have a look round it when it arrives but i'm def waiting till sept, he has promised me that it'll be kept indoors (not the showroom) and no one will drive it other than for PDI and i'm quite happy with that, i asked if having it sooner would make a difference to the trade in value but he said no as he's giving me what it's worth now anyway which is fine, so no incentive other than kudos to have it sooner.
I admire your patience Jimble :)  Sounds like you have a good relationship with your dealer.
Title: Re: Can ordering mid-plate effect future residuals?
Post by: Mr GTD on 09 April 2013, 16:03
I'll go and have a look round it when it arrives but i'm def waiting till sept, he has promised me that it'll be kept indoors (not the showroom) and no one will drive it other than for PDI and i'm quite happy with that, i asked if having it sooner would make a difference to the trade in value but he said no as he's giving me what it's worth now anyway which is fine, so no incentive other than kudos to have it sooner.
I admire your patience Jimble :)  Sounds like you have a good relationship with your dealer.

You have more patients than me then so hands up to ya mate... :cool: