GolfGTIforum.co.uk
Model specific boards => Golf mk7 => Topic started by: Jay6 on 08 April 2018, 18:19
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Hi All,
I always been a VW fan (currently drive a MK6 Golf GT TDI) and am looking at my next purchase of 5 door MK7 Golf GTi. This will be the only family car, doing the school run etc (2 kids under 5)
I have a max budget of £15k this will get me a 2013/2014 model. My question is were do we see the value of these in the next few years? The new GTI comes out in 2019, thinking shall I wait till then and then buy a used one? I probably have £5.5k equity in the MK6 as of now. I generally keep my cars 3-4 years, so do we think the GTI will still be worth 10k in 2022?
The only other car I am considering is a BMW 3 series F30/F31 320i/328i seem to be priced well at moment.
I have driven neither plan a test drive of both in the next 2 weeks.
Any help on used prices or experience of Bmw would be most helpful.
Thanks
Jay
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I've seen them at 12-13k so I can't see it holding its value by 2022
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If you spent £15k on a 2013/14 GTI now, I think it's unlikely it'd still be worth £10k in 4 years time.
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The longer you wait the cheaper they get. But if you want one you have to do it at some point so why worry? Just do it and enjoy :smiley:
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Not sure the Mk8 GTI will be out in 2019.
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Well you are right in that the Mk7 will take a dive when the Mk8 is available to buy.
Its probably going to be late 2019/2020 though.
On the other hand, I think if you bought now, the depreciation will have got to the point whereby its not significantly impacted by such things... ie a 1 year old Mk7 when the Mk8 arrives will take a big hit, but not a 6 year old one to any real degree because a Golf GTI basically has a bottom end price which it will almost be at I'd guess by then - the sorta 5k mark.
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Because I'm a geek I did a graph of used GTI prices when I was buying mine:
(https://s18.postimg.org/5mpx96361/image.png) (https://postimages.org/)
Very roughly depreciation in the first 5-6 years seems to be about £2k/year and then ease back to about £1.5k per year. Mk5's seem to have bottomed out at between £5k-£7k for good ones and are starting to rise in price again with all the recent articles about them being a bargain.
The Mk7 was so well reviewed, and so far the engine seems solid, so it seems like another classic in the making to me.. but.. and it's a big but, in three years time the electric revolution will be in full swing and battery ranges will probably be 500 miles plus by then. That's only going to do bad things to the used prices for cars with an IC engine in my opinion. Add on the arrival of self-drive cars in 3-5 years time and that will probably further deplete the demand for used cars from this era.
I weighed all that up and still bought a 2015 GTI and couldn't be more pleased with my decision ;D It does make leasing a tempting option at the moment though.
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Because I'm a geek I did a graph of used GTI prices when I was buying mine:
Very roughly depreciation in the first 5-6 years seems to be about £2k/year and then ease back to about £1.5k per year. Mk5's seem to have bottomed out at between £5k-£7k for good ones and are starting to rise in price again with all the recent articles about them being a bargain.
The Mk7 was so well reviewed, and so far the engine seems solid, so it seems like another classic in the making to me.. but.. and it's a big but, in three years time the electric revolution will be in full swing and battery ranges will probably be 500 miles plus by then. That's only going to do bad things to the used prices for cars with an IC engine in my opinion. Add on the arrival of self-drive cars in 3-5 years time and that will probably further deplete the demand for used cars from this era.
I weighed all that up and still bought a 2015 GTI and couldn't be more pleased with my decision ;D It does make leasing a tempting option at the moment though.
Mk5s gtis can be bought for 2000 these days I can't see anyone paying upto 7k for a mk5 unless it's a low mileage edition 30 or r32 our mk5 r32 with some nice extras is for sale at 5k as that's all it's worth
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3.5k to ~7k for a 2007 GTI (not a special one) depending on mileage seems to be the case.
Not bad for a ten year old car really!
As was said though, the next few years will see all dinosaur burners drop off in price rapidly, but the real crunch will be the ten years running up to 2040 when no more dinosaur burners to be sold.
I'd say most of us have at least 2 or more GTI's to come, unless VW get nervous...
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Golf Mk8 will come on sale in 2019 in the autumn in Germany, so it won't be in the UK until Spring 2020 (if the introduction of Mk7 is anything to go by).
GTI Mk8 thus will not be on sale in the UK sooner than 2021...
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The Mk7 GTI was available to order mid 2013... so in theory with a 5 year life cycle... I'd guess it was pushed out a year.
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MK7 was with dealers in Germany in November 2012.
GTI was announced in March 2013 (at the Geneva auto show).
So I suppose that a six month delay from the new Golf Mk8 till GTI can be expected again...
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Once cars get to 5 years old, not all cars are equal for condition, service and history. It doesn't always pay to buy the cheapest. I would be very cautious looking at a £12-13k GTi personally.
Let's see how the mk8 turns out, if it has any hint of hybrid technology I will not be looking to own one until I have to. The mk7-7.5 may be seen as peak Golf???
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Its definitely going to be mild hybrid at the very least. I'll happily put a small wager on that one!
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Once cars get to 5 years old, not all cars are equal for condition, service and history. It doesn't always pay to buy the cheapest. I would be very cautious looking at a £12-13k GTi personally.
Let's see how the mk8 turns out, if it has any hint of hybrid technology I will not be looking to own one until I have to. The mk7-7.5 may be seen as peak Golf???
I know some forum members who have cherished there car and only got close to those figures trading them in :sad:
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Yes Barry, but there is a difference between selling your car to a dealer for 12k and the dealer selling it to someone else for 12k! Probably at least 3k!!
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Yes Barry, but there is a difference between selling your car to a dealer for 12k and the dealer selling it to someone else for 12k! Probably at least 3k!!
They where willing to sell the car to anyone for the same money :wink: or anyone could buy one at auction as they are similar price there too
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Yes Barry, but there is a difference between selling your car to a dealer for 12k and the dealer selling it to someone else for 12k! Probably at least 3k!!
They where willing to sell the car to anyone for the same money :wink: or anyone could buy one at auction as they are similar price there too
I still stand by my point that not all cars are equal as they get older due to differences in condition, servicing and history. You may get lucky and find a desperate private seller or buy a dog at auction that a dealer is unloading?
Caveat Emptor!
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Yes Barry, but there is a difference between selling your car to a dealer for 12k and the dealer selling it to someone else for 12k! Probably at least 3k!!
They where willing to sell the car to anyone for the same money :wink: or anyone could buy one at auction as they are similar price there too
I still stand by my point that not all cars are equal as they get older due to differences in condition, servicing and history. You may get lucky and find a desperate private seller or buy a dog at auction that a dealer is unloading?
Caveat Emptor!
I've seen loads go through the auctions that the company I work for use dealers are snapping up due to over supply from leasing companies and your right not all are the same but the ones from forum members on here would have been really well looked after :smiley:
A grade 3 r and look at current retail value :wink:
https://www.centralcarauctions.com/vehicles/details/55323H42
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I have a full five year factory warranty on mine. Bought it when car new for not much. Intend to sell privately at four and a half years ,so buyer gets peace of mind of a six months warranty . Hope that helps get a good price .
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A grade 3 r and look at current retail value :wink:
https://www.centralcarauctions.com/vehicles/details/55323H42
That gave me a slight heart attack about the price I paid for my GTI, until I saw the mileage and condition in the inspection report
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Thank you all for your replies.
I have never contract hired/leased (PCP) a car before but will look into this avenue as well. I did notice a nice used example for £14k but it did not have sat nav, had everything else that I liked. Leather (must with young kids) and PP with sunroof.
keep looking though maybe look for a forum car, although budget will remain 15k. Still need to drive one (or be driven in one) so hoping to get a test drive soon. Is anyone in the essex area? I am in Gidea Park/Harold wood area just in case if a member is near by. If not plan to venture out next few weeks to get a drive in.
thanks again all.
Jay
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I wouldn't get that hung up on pleather. Fabric seats with a good water/stain repellent on like gtechniq will be better in the long run.
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I wouldn't get that hung up on pleather. Fabric seats with a good water/stain repellent on like gtechniq will be better in the long run.
He does mention kids - I doubt any form of water repellent will save cloth upholstery from a sticky sweet and the resulting mess from it being wedged between a kids seat and the upholstery for anything more than 10 minutes lol.
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I've got the gtechniq seat protection stuff on mine and water just sits on top without sinking in. Mud and chocolate just wipes/sponges off so I stand by what I said previously.
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This gives a rough idea of how the prices change year on year.
https://hpivaluations.com/report/view/VA18717866-SF14YGC
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I've got the gtechniq seat protection stuff on mine and water just sits on top without sinking in. Mud and chocolate just wipes/sponges off so I stand by what I said previously.
There was a lol at the end of my post, you must have missed the light hearted way it was meant.
However, I also stand by my previous statement - tell you what, when I get back from overseas, lets get together and agree a set of tests - I'll bring my (p)leather equipped car and you bring your treated cloth and we'll see what stands up best, eh?
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I'd still say the fabric to be honest. Had leather before on my Tiguan and even with protection it wasn't as good as the fabric.