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Model specific boards => Golf mk5 => Topic started by: sharman on 08 September 2008, 12:28

Title: Thinking about selling my GTI, whats a fair price?
Post by: sharman on 08 September 2008, 12:28
I'm considering selling my GTI and wondered whats it worth? It's an 07 Pearl black standard manual GTI with 13K miles and FVWSH. The only option is cruise control.
 I bought this car from a dealer knowing that it was an import from Holland. I registered it with VWUK and it came with 2 years warranty from time of PDI, which runs out end of December this year. The warranty can be extended.
It's taxed till December and the tyres are very good. It took a long time to find this car, as I'd viewed quite a few that weren't as described! The car is in excellent condition, no dents/scrapes or scuffed wheels! Been a pleasure to own, but now I need something a little larger (kids and camping)? I've looked on various sites/mags and the prices seem to vary quite a bit, from around £15K to £17K. Just wondered if anyone had any ideas.
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: ben1.8T on 08 September 2008, 12:45
Suppose it depends on how quick you wanna sell it and to be honest prices have dropped due to the credit crunch.  :angry: You got another car in mind?
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: Cass on 08 September 2008, 13:27
I'd say £14 - £15 tops for a private sale - probably £11.5 - 12k part ex as it's an import (if you are lucky) :shocked:

Market isn't good at the moment with the credit crunch and carbon footprint lefties running the country :laugh:

My advice is keep it.

Cass
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: Saint Steve on 08 September 2008, 13:53
agree with cass, you'll be lucky to see 13K for trade in. Not really the time to trade up in the current climate.Sell privately to get maybe 15k.

Dealers simply do not have the cash to splash currently.
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: Horney on 08 September 2008, 13:59
Not having a go mate but how do people not manage with Kids in a car this size? My Mum a nd Dad used to take me and bro all over the country in a MKII Ford fezza 1.1. What do kids need now that they didn't then?

Nick
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: andrewparker on 08 September 2008, 14:13
I think the camping might have something to do with it!

I agree though. A colleague recently had his first child and immediately traded his TT and A3 in for a Range Rover Sport, claiming they needed more space! I mean I'm no expert, my wife and I are expecting our first in March, but babies are pretty small right?! I've certainly no plans for trading in my GTi, though I do feel fortunate that I chose a 5 door.
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: Saint Steve on 08 September 2008, 14:18
a Mk5 especially a 5 door will carry the same as a Hangover sport! (people terms and boot space). Ive tried a larger car in an estate passat, and got bored of it very very quickly.and in essance, the boot in the golf is big enough for your day to day dutties including having 2 young kids of 1 and 5 years old.

When someone can actually point of why a car like a hangover or toureg etc can carry more people etc, is talking bollox!.A friend of mine has a merc ML and i can sit the same number of people in mine as comfortable as the Merc.
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: wellzee on 08 September 2008, 18:13
unless you're desperate to get rid, i too would agree with cass and just say keep it. If you sell it now it wont be for a price near what you probably feel it is worth in reality. If some people are selling these for 17k they wont get it. As a point of comparison for you, I paid 17k for mine about 1.5-2 months ago. Thats an 08 plate with only 2000 miles on the clock, with leather, monza 2s arm rest etc. And its not an import. i think even 15k is gona be your TOP price at this point, its a buyers market and whoever makes you an offer will know this. So i say its a great car - keep it!
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: k4ith on 08 September 2008, 22:14
I think the camping might have something to do with it!

I agree though. A colleague recently had his first child and immediately traded his TT and A3 in for a Range Rover Sport, claiming they needed more space! I mean I'm no expert, my wife and I are expecting our first in March, but babies are pretty small right?! I've certainly no plans for trading in my GTi, though I do feel fortunate that I chose a 5 door.

I thinks it women and the feel safe factor, I am driving a big car so if anything happens were fine, more space lol!
I have a 3year old and a 8month old kid and theres plenty room, 5dr ed30 takes all the family and luggage to c/parcs for holiday.
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: JonnyG on 08 September 2008, 22:45
This guy had to advertise twice on E-bay AND lower his reserve to finally sell it :

It's a 2007 ED 30 (Aug 07), 11,000 miles .. looks like he got around  £15,450 in the end

http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&rd=1&item=140261924782&ssPageName=STRK:MEWA:IT&ih=004

Anyone on here ??  :rolleyes:   Check out the write up  :laugh:   obviously not a DSG fan  :grin:
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: Saint Steve on 08 September 2008, 23:25
he would say that about the dsg, hes trying to flock his manual!!!!. If its that good ,whys he selling it and bigging up the renault sport R26 when thats about as comfortable as a ride in a tesco trolley!.

Bargain though, and makes horrifying reading for us owners seeing how much devalued 2nd hand residuals are now.Although it has no bells or whistles and its buy it now is abit hopeful to say the least!.
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: Hurdy on 09 September 2008, 00:33
Don't sell - you'll regret it :wink:

IF you do sell, I reckon on £14k private, £12.5k trade.
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: Teutonic_Tamer on 09 September 2008, 13:16
This guy had to advertise twice on E-bay AND lower his reserve to finally sell it :

It's a 2007 ED 30 (Aug 07), 11,000 miles .. looks like he got around  £15,450 in the end

http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&rd=1&item=140261924782&ssPageName=STRK:MEWA:IT&ih=004

Anyone on here ??  :rolleyes:   Check out the write up  :laugh:   obviously not a DSG fan  :grin:

Me thinks that ad needs reporting, because the Ed30 and the standard GTI have identical suspension!  :rolleyes:
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: potster on 09 September 2008, 15:15
I've just been offered £13,300 for an 07 Gti with 12,000 miles, 5 door, extras - met paint, cruise control, upgraded sound pack

That was against a Skoda Octavia Vrs Estate  :embarassed:

But at that trade in value I'll be sticking with the GTI  :cool:
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: Cass on 09 September 2008, 15:23
I've just been offered £13,300 for an 07 Gti with 12,000 miles, 5 door, extras - met paint, cruise control, upgraded sound pack

That was against a Skoda Octavia Vrs Estate  :embarassed:

But at that trade in value I'll be sticking with the GTI  :cool:

I take it that's for a UK car, not an import ?

Good decision - keep it, residuals are sh@t at the moment and unlikely to recover :shocked:

Cass
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: Wh|t3R@bb|t on 09 September 2008, 15:31
Got to put my two penneth worth in on this topic...

I bought an 54 plate Audi TT 3.2DSG in January and paid £18k....the same dealer offered me £11k 4 months later and said it was the current market and no one buying big engined cars.  And that was also me trying to part-ex it against a brand new 3.2DSG which they had on there forecourt.  When I tried to apply his logic for such a low price to the newer car he said "It was a more prestigous car" as it was the newer model blah blah blah.

I vowed never to go back to an Audi dealer and wrote a fairly stern letter to the sales manager to which I have never had a reply.

In the end, I found a great little independant garage in Manchester and got just under 13k for the TT against my 07 GTi DSG with 10k on clock.  I put about 4k onto that for the GTI.  So I was now 10 grand down in 4 months of buying my two cars....now thats a kick in the nuts.

All I would say, is that people are so uncertain about the current market, its not the time to sell.  I would wait 6 months and I bet ya prices will have risen again and people won't be making fool hardy decisions to try and reduce their financial liabilities.

Stick with it and enjoy the GTI.  I flippin love mine and won't be selling for some time...
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: sharman on 09 September 2008, 20:50
This is probably the best car I've ever owned! I just thought now might be a good time to sell, before prices plummet too far! I was thinking about getting something maybe cheaper and a little larger to accomodate the kids and the mass of camping gear that we recently crammed into the Golf!
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: Top Cat on 09 September 2008, 20:52
This is probably the best car I've ever owned! I just thought now might be a good time to sell, before prices plummet too far! I was thinking about getting something maybe cheaper and a little larger to accomodate the kids and the mass of camping gear that we recently crammed into the Golf!


Im afraid the kids must go. :sad:
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: SteveP on 09 September 2008, 21:08
This is probably the best car I've ever owned! I just thought now might be a good time to sell, before prices plummet too far! I was thinking about getting something maybe cheaper and a little larger to accomodate the kids and the mass of camping gear that we recently crammed into the Golf!


Im afraid the kids must go. :sad:

Thats a harsh but fair solution to the problem TC.  :laugh: :laugh:
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: Cass on 09 September 2008, 22:11
Stick with it and enjoy the GTI.  I flippin love mine and won't be selling for some time...

Here here  :wink:

Cass
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: Cass on 09 September 2008, 22:19
This is probably the best car I've ever owned! I just thought now might be a good time to sell, before prices plummet too far! I was thinking about getting something maybe cheaper and a little larger to accomodate the kids and the mass of camping gear that we recently crammed into the Golf!

I went through this dilemma a couple of weeks ago Sharman and my priority was to accommodate a new dog :shocked:

After what I was offered part-ex against a VW Tiguan by my supplying dealer (£12.5k when my loaded car was £25k new 2 years ago), I told them to feck off and cancelled my private advert on Pistonheads after only 3 days. My car is superb and in great condition after doing only 10900 miles in 2 years. Even the wife thinks so. I'm keeping it because there is no other car that does what it does for the money and I'm not prepared to lose that amount of money. It's a no brainer mate :wink:

Cass
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: VeeDubDan on 10 September 2008, 12:50
It's true to say prices have taken a pounding recently.  I lost £9k on my '07 3.2 Mk2 TT after selling it a couple of months back.

Now that the prices have dropped I doubt they will go back up, especially as the Mk6 is on the way.  Given the amount you will have lost on the purchase price you may as well keep the car, enjoy it and get the most for the money.
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: Wh|t3R@bb|t on 10 September 2008, 12:58
It's true to say prices have taken a pounding recently.  I lost £9k on my '07 3.2 Mk2 TT after selling it a couple of months back.

Now that the prices have dropped I doubt they will go back up, especially as the Mk6 is on the way.  Given the amount you will have lost on the purchase price you may as well keep the car, enjoy it and get the most for the money.

Blimey...between the two of us we've lost a shed load on TT's....how come you lost so much?  Did you buy from new?  What did you get for yours (if you don't mind me asking).  When I was looking to get rid of my Mk1 TT 3.2, the one I wanted to originally get was a MkII 3.2 DSG and it was up for £24k on a dealer forecourt.

But hey...you know what...your never gonna make money on these kind of cars so I've just believe now that you pay the money, get your moneys worth out the car and then don't think about the depreciation, mods etc otherwise you'll always be grumpy.

I just think with the market the way it is, most of us should just stick with what we've got and enjoy it.  We've made the expense so live with it...rather than selling, losing more money, and then buying a lesser car and always wishing we hadn't.  Nothing worse imo as guys in family wagons, thrashing the nuts of them, cause they wish could have something different.
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: RedRobin on 10 September 2008, 18:14
But hey...you know what...your never gonna make money on these kind of cars so I've just believe now that you pay the money, get your moneys worth out the car and then don't think about the depreciation, mods etc otherwise you'll always be grumpy.

I just think with the market the way it is, most of us should just stick with what we've got and enjoy it.  We've made the expense so live with it...rather than selling, losing more money, and then buying a lesser car and always wishing we hadn't.  Nothing worse imo as guys in family wagons, thrashing the nuts of them, cause they wish could have something different.

....I couldn't agree more! Love your car for the pleasure it gives you and ignore the financial 'losses'. When you spend money on a holiday, you don't get it back, so think the same about cars - Anything you get back is a bonus. Same with property - Enjoy living in your home and don't wind yourself up over house price fluctuations.

:afro: :cool: :afro:
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: sharman on 10 September 2008, 21:15
Thanks for all the sound advice. The wife went mad when I mentioned about selling the GTI, as I seem to swap cars every year! Secretly, I think she loves driving it too much, but won't admit it! The funny thing is, she has a brand new Polo 1.2 60ps Match that I use regularly for 60 mile round trip to work (economy and keeping miles off GTI) and on average I only get 35mpg.
 Yesterday I went in my Golf and got according to trip computer 39.9mpg driving at the same speeds. Work that one out! Wer'e on about asking VW why the mpg on the Polo is crap, but guess they'll say it isn't run in yet @ 2000 miles.
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: Teutonic_Tamer on 11 September 2008, 12:40
she has a brand new Polo 1.2 60ps Match that I use regularly for 60 mile round trip to work (economy and keeping miles off GTI) and on average I only get 35mpg.
 Yesterday I went in my Golf and got according to trip computer 39.9mpg driving at the same speeds. Work that one out! Wer'e on about asking VW why the mpg on the Polo is crap, but guess they'll say it isn't run in yet @ 2000 miles.

That is the age old problem which the stealers fail to mention!  :rolleyes:

A smaller engine needs to work much harder to maintain the same pace, when compared to a larger engine - which explains why small engines are less economical than a lightly loaded larger engine.  Drive a GTI at a modest pace, and the "stratified" or lean burn mode will be enabled for much longer than a smaller engine which will need more right pedal for the same go.
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: Wh|t3R@bb|t on 11 September 2008, 13:08
I can't believe you said you got 39.9mpg from a GTi?  I'm lucky if I get 27/8 mpg on a short trip.  And thats driving miss daisy.  I get 30.3ish on a motorway long trip.

Must be doing something wrong ;-)
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: VeeDubDan on 11 September 2008, 13:44
It's true to say prices have taken a pounding recently.  I lost £9k on my '07 3.2 Mk2 TT after selling it a couple of months back.

Now that the prices have dropped I doubt they will go back up, especially as the Mk6 is on the way.  Given the amount you will have lost on the purchase price you may as well keep the car, enjoy it and get the most for the money.

Blimey...between the two of us we've lost a shed load on TT's....how come you lost so much?  Did you buy from new?  What did you get for yours (if you don't mind me asking).  When I was looking to get rid of my Mk1 TT 3.2, the one I wanted to originally get was a MkII 3.2 DSG and it was up for £24k on a dealer forecourt.


Bought from new for £34k sold at £25k in order to buy a house.  Still at least I can say I enjoyed the car for a year, I always new it would be an expensive dream, but it was made worse by the credit crunch kicking in. 

When I think that I also took a £5k hit on my R32 when buying the TT I've burned something like £14k in 2.5 years!  :sad:  Still can't take it with you.  Either way for the time being I will be more cautious as with a new stonking mortgage I can't splash out too much on cars.  I'm hoping to pick up a Mk5 for pennies next spring!  :wink:
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: wellzee on 11 September 2008, 13:49
I can't believe you said you got 39.9mpg from a GTi?  I'm lucky if I get 27/8 mpg on a short trip.  And thats driving miss daisy.  I get 30.3ish on a motorway long trip.

Must be doing something wrong ;-)

39.9mpg is ridiculous are you moving when doing that??  :laugh: WhiteRabbit I get similar levels to that, think my overall avg is about 27-28. And i have got over 30 on the motorway but never higher than 32ish
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: sharman on 15 September 2008, 23:01
I was driving like a nun! It's a 30 mile trip, mostly dual carriaige way. Honestly, normal day to day driving I get around 30 MPG. But I was determined to prove a point to the missus, or was it just and excuse to warrant driving the GTI more ;)
Title: Re: Thinking about selling my GTI, whats a fair price?
Post by: Cass on 16 September 2008, 00:42
I was driving like a nun! It's a 30 mile trip, mostly dual carriaige way. Honestly, normal day to day driving I get around 30 MPG. But I was determined to prove a point to the missus, or was it just and excuse to warrant driving the GTI more ;)

Keep it - you know it makes sense :rolleyes:

Cass