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Model specific boards => Golf mk7 => Topic started by: ajmoir36 on 22 May 2013, 17:17

Title: Trade in Price...
Post by: ajmoir36 on 22 May 2013, 17:17
I'll start it off with what I have been offered...

7.5% discount and £11,500 :shocked: for September delivery for my GTD April 2010 with 55k miles, full VWSH.

Will I be buying a mk7 I think that's a confirmed NO.
Title: Re: Trade in Price...
Post by: dubber36 on 22 May 2013, 17:28
Personally I think that's a fair trade price for your car considering that it's done a few miles. It's worth what it's worth dictated by what they are making at auction. You've been offered a reasonable discount off the list price of the new car, so can't expect an over allowance on yours as well. That would be like having two lots of discount.

Title: Re: Trade in Price...
Post by: Bill_the_Bear on 22 May 2013, 17:33
But given the September delivery he probably deserves two discounts! :grin:
Title: Re: Trade in Price...
Post by: dubber36 on 22 May 2013, 17:38
By September, the car will be another plate change older and be nudging 60,000 miles. That needs to be factored in as well.

How much was the car new? £24k? If so, that's a 48% retained value which to me is pretty good all things considered.
Title: Re: Trade in Price...
Post by: ajmoir36 on 22 May 2013, 17:46
With all the options it would have been 27.5k new fortunately I didn't pay that. That's why there's a  :shocked: look only 42% then. Cost of change is 16k, which to me is too much to pay. I could buy a used mk6 GTI for that and have some fun instead. What will be interesting to see is what other brands will give for it.
Title: Re: Trade in Price...
Post by: dubber36 on 22 May 2013, 17:55
Still not bad considering it'll be 3.5 years old and done above average mileage.

The thing is, that whilst VW's do have strong residuals in terms of percentage, because the list price is comparatively high, the actual monetary depreciation is large due to being a percentage of a bigger number to begin with.

Nice cars cost, there's just no getting away from that.   
Title: Re: Trade in Price...
Post by: matchboy on 22 May 2013, 18:13
Sell it on autotrader. You'll get far more than that.
Title: Re: Trade in Price...
Post by: dubber36 on 22 May 2013, 18:33
Selling privately will always get you the best deal, even if it means buying a cheap car as a stop gap.
Title: Re: Trade in Price...
Post by: Running Man on 22 May 2013, 18:35
He won't   :sad:
Title: Re: Trade in Price...
Post by: simonpolly on 22 May 2013, 18:58
July 2009 3dr mk6 gti with 17,000 miles and I got £14,200 part exchange on mine.Cost around £24,000 when new (15% vat then)
Title: Re: Trade in Price...
Post by: dubber36 on 22 May 2013, 19:08
July 2009 3dr mk6 gti with 17,000 miles and I got £14,200 part exchange on mine.Cost around £24,000 when new (15% vat then)
Was  that £14,200 against a discounted price Simon?
Title: Re: Trade in Price...
Post by: simonpolly on 22 May 2013, 19:20
July 2009 3dr mk6 gti with 17,000 miles and I got £14,200 part exchange on mine.Cost around £24,000 when new (15% vat then)
Was  that £14,200 against a discounted price Simon?
Yes but only around 3%
Title: Re: Trade in Price...
Post by: dubber36 on 22 May 2013, 19:30
With your car having such a low mileage and having been supplied by them, they'll happily keep it for retail stock. 
Title: Re: Trade in Price...
Post by: simonpolly on 22 May 2013, 19:34
With your car having such a low mileage and having been supplied by them, they'll happily keep it for retail stock.
Yes they will sell it on pretty quickly and make a profit but I`m happy with the deal,it was time for a change. :smiley:
Title: Re: Trade in Price...
Post by: oblong on 24 May 2013, 00:41
I think that's a good price given by the dealer tbh!
Title: Re: Trade in Price...
Post by: monkeyhanger on 24 May 2013, 07:41
I think that's a good price given by the dealer tbh!

Me too, I can't see them selling that on for more than £16k at absolute maximum (depending on options)and most dealers would be looking to make more than £1800 on a £16k car taking into account your low mileage. Parkers info below on an 09 plate GTI 3 door manual with many more miles than you:-

Original Price £22,415
Franchised Dealer £13,985
Independent Dealer £13,590
Private Good £12,930
Private Poor £11,270
Part Exchange £12,135
The prices above are based on:

A mileage of 40,000 (average for age)

Options selected: None

 
Title: Re: Trade in Price...
Post by: simonpolly on 24 May 2013, 19:38
I think that's a good price given by the dealer tbh!

Me too, I can't see them selling that on for more than £16k at absolute maximum (depending on options)and most dealers would be looking to make more than £1800 on a £16k car taking into account your low mileage. Parkers info below on an 09 plate GTI 3 door manual with many more miles than you:-

Original Price £22,415
Franchised Dealer £13,985
Independent Dealer £13,590
Private Good £12,930
Private Poor £11,270
Part Exchange £12,135
The prices above are based on:

A mileage of 40,000 (average for age)

Options selected: None

Me too,i am more than happy with the price they gave me.I did a search on Gap and I got top dollar for my car which they wont be taking ownership of until the end of july. :smiley: