GolfGTIforum.co.uk
Model specific boards => Golf mk7 => Topic started by: clubsport on 26 June 2015, 15:29
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I have been following prices of petrol GTi for a while now. I tried to buy a car at the end of last year from a VW dealer which apparently sold before I could place a deposit.
As an observation since then, very few non VW franchise cars seem to come to market and seem to be offered at prices higher than 6-8 months ago?
I understand spec makes a difference to the price and right now due to spec changes on new cars the purchase price has increased. This has held or dragged 1 year old cars up?
What next, do we see a few cars come to market when the 2 year lease deals are up from 2013?
Although prices appear to be holding up, I am not so sure dealers are paying over the odds to current owners who look to move to another car.
There just seems to be quite a few cars hanging around at VW, still for sale with prices often £2k above a comparable spec or mileage car.
I really thought I was going to get a 5 door PP Gti next, but am now wondering what else to consider.
Any other observations on current offered prices?
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What sort of money was the GTI that you nearly bought? out of interest.
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£22,950 in carbon grey, no other extras, under 20 miles driven..... nothing like that available now.
I guess I am on the wrong planet with this observation, most people don't need to know or care how much a car costs, only what the monthly payment is over 2-3 years!
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I've just put a 5 door,carbon grey,PP in orangewheels online car broker and you can get a brand new one for £24924.
Mention matching orangewhes to your dealer they will be aware of them,they should at least match it might even beat it depending on how you play your hand.
It's worth considering,nearly all on here haven't paid anyware near list price.
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Several of my friends (up and down the country) have had phone calls from their dealer trying to get them to sell them their 12-18 month old Mk7 GTI/GTD and buy a new one...
This might well hold the price if they can corner the second hand market...
Remembering as you say, the Mk7 is already more expensive new than it was previously.
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My dealer is giving me £19 for my year old GTD, I suspect they will advertise it for £21-22k
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What does the same car sell for new these days and what (if you don't mind me asking) did you pay originally?
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What does the same car sell for new these days and what (if you don't mind me asking) did you pay originally?
I paid £21k for it back in Feb from VW main dealer, was 8 months old and had 4k miles
It's now got just under 10k miles, so £2k hit in 5 months, although that £19k is valid until my new car arrives in about 4-5 months time so really it's a £2k loss in 9-10 months.
I'm not too bothered about losing a bit of money, you only live once and if I want something I just go for it :smiley:
I will say I advertised it myself privately and was getting some awful offers, well below £19k, I may have got £19500-20000k eventually but I would rather lose out on that extra than put up with messers, I'm done with private sales, it's just a headache these day :angry:
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Its not just MK7, MK5 prices are amazing. Everything from 100,000mile ones at £5000 to showroom condition for £11,000
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I generally keep an eye on the prices of my cars and noted that both my previous mk6 GTI and mk7 GTI dipped in value between Nov and late Feb then recovered in price by up to £1000 between Feb and June using CAP black book trade prices.
If you're buying cash then buy in winter when sales are slow and dealers keen to shift metal. If part ex'ing then there's no particularly ideal time as both cars values will fluctuate according to market conditions.
The best buys are generally ex demo or sales manager's company cars that they will want shot of after about three to six months as they will be under pressure from VW to order new ones.
If you have no part ex and aren't in a rush you can get some amazing GTI deals via brokers that will make buying used totally unnecessary. Also keep an eye out for cancelled orders and be ready to deal quickly at the end of a month if a dealer has bonuses to meet.
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Tks, I looked at Orange wheels.
5 door PP with paint comes out at around £26,300 as I have the disadvantage of being a cash buyer rather than finance, so add the £1250 back.
Unfortunately at that level I ask myself do I want a Golf?
Foolish I know!
Agree on Mk5 prices, great cars, but let's be fair getting on now and a few known issues to possibly attend to. Almost an "enthusiast" car.
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Tks, I looked at Orange wheels.
5 door PP with paint comes out at around £26,300 as I have the disadvantage of being a cash buyer rather than finance, so add the £1250 back.
Unfortunately at that level I ask myself do I want a Golf?
Foolish I know!
Agree on Mk5 prices, great cars, but let's be fair getting on now and a few known issues to possibly attend to. Almost an "enthusiast" car.
I did this, Take the finance out, take full advantage of the 1250 off (was only 750 when i did it), The about 10 days into the deal and ring up VW finance and cancel, they will send you a figure, it cost me about £100 to do this but it meant i could take the 750 off and also lets you get into the service pack
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To take advantage of the £1250 contribution you take the finance and take delivery of the car say on a Monday.Then on Tuesday you ring VW finance and tell them you are exercising your right to cancel the finance and pay the balance.You keep the £1250 contribution and only pay the remainder balance minus of course the interest.
It's a bit of a loophole, it was a dealer that told me,and you keep any free maintenance deals that may be on offer with the finance.
EDIT: great minds think alike.as charv94 above posted same time as me.
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My dealer is giving me £19 for my year old GTD, I suspect they will advertise it for £21-22k
My 21 month old GTD trade-in is currently being advertised at £22k. Standard 5 door TR, no extras. I got £18500 in p/x. I suspect yours will more likely be up for £23k. So the dealer will be looking at a 21% margin if someone pays sticker price. IMO that's a bit greedy, 15% mark-up is about right if you've pushed hard for a discount on the new one.
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My dealer is giving me £19 for my year old GTD, I suspect they will advertise it for £21-22k
My 21 month old GTD trade-in is currently being advertised at £22k. Standard 5 door TR, no extras. I got £18500 in p/x. I suspect yours will more likely be up for £23k. So the dealer will be looking at a 21% margin if someone pays sticker price. IMO that's a bit greedy, 15% mark-up is about right if you've pushed hard for a discount on the new one.
Got £3200 off the new one, about 11%