GolfGTIforum.co.uk
Model specific boards => Golf mk7 => Topic started by: DougL on 21 September 2013, 19:32
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So I've just had an offer on my Mk6 and I'm almost at the point of agreeing the sale. Basically I've been offered £620 above a basic valuation (webuyanycar, who I would not touch with a bargepole!). Is this reasonable? I'm not particularly interested in holding on to achieve maximum value to be honest and would rather just sell...
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Oh, it's not a dealer, it's a private sale. I've already got a £3k 11% discount from my dealer via DriveTheDeal!
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With a discount like that I suspect the dealer would be wanting to value on the low side anyway - £3k discount and anything above WBAC.com valuation is a bonus. Saying that though - did they make you an offer for it?
Sounds good if you don't get a better offer. Private sales are always harder to come by at the higher end of the used market. I heard a WBAC.com radio advert today - they (James Corden) pledge to honour price agreed online if actual condition reflects web declared condition. I wonder if they will hold themselves to that.
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Sounds good if you don't get a better offer. Private sales are always harder to come by at the higher end of the used market. I heard a WBAC.com radio advert today - they (James Corden) pledge to honour price agreed online if actual condition reflects web declared condition. I wonder if they will hold themselves to that.
I think people always overestimate the value of their used cars... I think I have probably lost £5000 in a year and a half, which is about 25% - it's a lot of money, but probably not outrageous as most of the depreciation happens on leaving the showroom. I didn't take it in to WBAC, just got their valuation and decided that another £500 or so would be a reaonable uplift. I also used Honest John's pricing guide which showed what all the adverts are showing for my car over the last couple of months. His recommeded sale prices were way below that of the ads, which is interesting, seeming to suggest that deals should happen a fair whack (read £1k) below advertised prices...
As for my current car, it was bought with the head and not the heart (1.6 TDI :whistle:) so I can't say I love the car - it's a good car but not wonderful. The GTI will hopefully be a car that I can say I love with both head and heart!
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Depreciation is always at it's heaviest within 2 years from new and you've prepared yourself to accept that.
I've found that between years 2 and 3 for the VWs i've bought, the depreciation has been pretty constant, losing a consistent £250 or so a month but seeing my collateral in the car increase by at least the same amount month-on-month with every payment made. Cost to change is the important thing.
In 3 years time I expect to realistically get £15500-16000 for my car in a deal that sees me get very little discount (maybe £1k plus £500 freebies) on the new one. If i'm chasing a £3k broker discount, I expect to get the indicated GFV listed on the finance example for my car (£14470) or WBAC.com valuations. Swings and roundabouts really. Did a little better than normally this time around as the order being 10 weeks longer than expected saw my collateral increase by about a grand over expectations vs my fixed p/x value (3 extra payments).
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WBAC are way off he mark with their valuations, their offer on my MK6 GTI was £2000 less than I got in part exchange I have compared their quotations on other cars I own and they are always way off. :smiley:
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WBAC significantly offer less than market value. I would never use their quotes as a basis for a valuation of your car
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WBAC significantly offer less than market value. I would never use their quotes as a basis for a valuation of your car
Might depend on the car. My Scirocco was p/xed with a value set by the Dealer at the end of March - £15500. 3 months later WBAC's website was offering £14700 with declared single alloy scuff and bonnet stone chips. It took a £1600 dip with WBAC at the end of August (2 months later) with the new plate looming. P/x valuations depend on the dealer you use. Some use Parkers (if you are lucky, some use Glass' and some use CAP if it's lower than Glass'. Last time I was in Benfield they offered a variable CAP based valuation that depreciated with time becasse they wouldn't commit to a fixed p/x in case delivery was later than expected. Needless to say it was about £1100 less than Pulman offered, based on a July delivery (so about £1600 less based on actual Sept delivery).
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I got £14200 px for my 4 year old MK6 GTI, I have just seen online the dealers are only asking £14995 ,after they have done the 4th service including cam belt/chain and put a warranty on it they wont be making much money on my old car. :grin: im glad I locked in my part exchange :smug:
WBAC offered £12,200 with their online quote
Gap now offer 12800 max
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I'm getting £17k for my 3.5 year old mk6 but i haven't got a discount off the price of the mk7 apart from a few freebies!!
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I'm getting £17k for my 3.5 year old mk6 but i haven't got a discount off the price of the mk7 apart from a few freebies!!
Are you just playing black cat that seem very generous :wink:
They will lose about £2000
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I'm getting £17k for my 3.5 year old mk6 but i haven't got a discount off the price of the mk7 apart from a few freebies!!
It sounds like your discount is tied up in the valuation of your mk6. That is some part exchange value for a 3.5 year old car!
Edit: In fact going by that price I would go so far as saying that you probably have one of the best deals on here
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I'm getting £17k for my 3.5 year old mk6 but i haven't got a discount off the price of the mk7 apart from a few freebies!!
Gap top quote on your car is £13450 :shocked:
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As Craig says i think any discount is tied up in the trade in, i'm under no illusions that it's a crazy price for them to offer and is the only reason i've been able to spec the mk7 so well, i know my current car is in pretty immaculate condition but even i wouldn't pay that for a 3.5 year old GTI!
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I'm getting £17k for my 3.5 year old mk6 but i haven't got a discount off the price of the mk7 apart from a few freebies!!
Gap top quote on your car is £13450 :shocked:
When we did the deal i went on that Ford CAP site and it was £15900 so even then i was pleased with the valuation and tbh they're only screwing themselves with it taking so long!
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I'm getting £17k for my 3.5 year old mk6 but i haven't got a discount off the price of the mk7 apart from a few freebies!!
Gap top quote on your car is £13450 :shocked:
When we did the deal i went on that Ford CAP site and it was £15900 so even then i was pleased with the valuation and tbh they're only screwing themselves with it taking so long!
you did well :smiley:
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WBAC quotes really seem to vary, depending on how popular the car you have is. Something like a diesel Golf 1.6 seems to attract much higher offers, probably as they know it will be easy to move on. Moving something on privately is probably more difficult. My car has a few little scuffs and is certainly not mint, although the interior still looks like new. A scuff on the bumper, couple of scrapes on an alloy... anyway, I have now accepted an offer of £750 above WBAC and it goes next week. Hope my GTI gets delivered faster than the 4 weeks that the Tracker still indicates!
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Quick tip here Guys ,the Vat you pay is full vat on List price , and whatever % less on discounted price ,so with or
without P/Ex you pay less period on a discount , If you have a P/Ex and it shows on the order at Trade or dealer
SIV (stand In Value ) you are paying less . IE: the discount , say £1500 , is the amount you would be payed on
your SIV to bring your P/Ex to market sounding money , but with no Vat on it . :wink: