Hi
Been quoted 16,500 as a px for my 08 GTI, with 18,000 miles on it.
Bit of a long shot, but any ideas what that could be in June with say 28,000 miles on it and again the following June with say 44,000 miles on it?
Just with used prices being so high, just weighing up when's the best time to change.
Thank you
Rob
Used car prices are artificially high at the moment. Nine months ago they were artificially low. You can only best guess a cars future value. My best guess right now would be that if you wanted to part-ex against a brand new car the next few months could be the best time before the winter lull sets in and dealers won't want cars sat around on forecourts over the winter. If you're part-ex'ing against another used car then you will still fall foul of the inflated prices as the one you would be buying would be inflated even higher than your p/x price.
So in short:
p/x against new: Good time to do it (or as good a time as any as recent used cars are in short supply)
p/x against used: Not such an ideal time right now
Also I didn't think £16,800 is that good a price as there are many recent mk5 GTIs on forecourts at mk6 money and beyond if they have desireable extras.
I think MKV prices will start to fall a bit quicker into the new year so now just maybe the time to change. There was a price thing in Autocar last week (for whats its worth) basically predicting a serious drop in MKV values.
I also doubt that the early MKV's on 05 plates can hold their values around the £11K mark for much longer, some as high as £13K, which is one reason why I just sold one of mine on an 06 Plate.
Hi
Been quoted 16,500 as a px for my 08 GTI, with 18,000 miles on it.
Bit of a long shot, but any ideas what that could be in June with say 28,000 miles on it and again the following June with say 44,000 miles on it?
Just with used prices being so high, just weighing up when's the best time to change.
Thank you
Rob
Used car prices are artificially high at the moment. Nine months ago they were artificially low. You can only best guess a cars future value. My best guess right now would be that if you wanted to part-ex against a brand new car the next few months could be the best time before the winter lull sets in and dealers won't want cars sat around on forecourts over the winter. If you're part-ex'ing against another used car then you will still fall foul of the inflated prices as the one you would be buying would be inflated even higher than your p/x price.
So in short:
p/x against new: Good time to do it (or as good a time as any as recent used cars are in short supply)
p/x against used: Not such an ideal time right now
Also I didn't think £16,800 is that good a price as there are many recent mk5 GTIs on forecourts at mk6 money and beyond if they have desireable extras.
Just one comment on this, the reason forecourts are holding MKV's at near MKVI money is pretty obvious...If the MKV prices fall then the MKVI will follow very quickly & the dealers will be the ones having to offer discounts or sit on their stock, including their inflated MKV's that ultimately they may struggle to get rid of.