Possible switch to a GTI

[busa2000]

That's shocking p/x deal got 20k for my sept 2014 GTD only extras nav and deep black pearl paint against new PP GTI standard apart fro car net and 95% tint windows . Car delivered 20th October also got the lower APR so actually paying less than I did for my GTD per month !!! Would just look at what another dealer would offer. My old GTD is up for 24k which is very optimistic .

[Cossieian]

I got £18350 for my GTD p/x against my R 3 weeks ago. My GTD was 3 Door manual, no extras with 14k miles.
Dealer currently has it advertised for £20750, if you take into account a potential buyer knocking that price down to £20k, and it needed 2 new tyres, they aren't making a whole pile tbh

Before I got rid of the car I put my details into WBAC.com and they offered me £18500 (which I thought was great), as soon as the diesel scandal hit the value dropped about £3k

[ffrank]

Thanks for all your recent experiences everyone, interesting to see some of the prices you've had - and wholly depressing to see the difference the VW scandal has made to WBAC pricing - which is surely a fairly good measure of the market as a whole (seeing as they sell to auctions). We are all getting a bit screwed by VW's **** up at the moment... if selling!

I was expecting close to 20k which coincides with my finance settlement, as I presumed the dealer would chuck it up for 22k or so. I'll definitely speak to a few others and see what else comes back.

I've just run a CAP valuation on your car ffrank and although I don't have the full details and am assuming manual trans then yes, it books at between £16,500 and £17,700 at top book price right now.
What a dealer actually offers you will depend on what they think they can sell it on for in a jittery market at a quiet time of year.

Thanks Exonian, that's cool of you. Based on £16500 the car has lost close to 50% in 18 months, pretty shocking - do the CAP valuations vary from day to day (i.e. are they affected by the market... and  diesel gate? )

ffrank: I'd stick with the GTD for that money, get a DTUK box if you haven't already got one, get some decent tyres (if you have Bridgestones) and enjoy a car quicker than a stock GTI everywhere but off the line. Keep it for the 4 years and sell privately for £12-13k.

Alternatively i'd try another dealer. For an effective £15250 p/x, i'd expect the dealership to be selling tidy 2 year old examples for £18300 to get their healthy 20% mark-up. Did you see how much they're going for there? Bet they're up for around £21k.

I may well do that (the keeping it part), will see what prices look like over the next month I guess. I do already have a DTUK and much improved tyres, and yes - no complaints about the car's performance! Just doesn't get many longer journeys any more.

The dealer doesn't have any MK7 GTD's for sale currently, but get this - I just looked and they have a 2012 MK6 GTD with 25k miles selling for 18,490!! Salt to the wound that one... So yeah, I'm sure they would have my car up for 21/22 easy - not a bad mark up - especially when I am buying another!

I went through the same thing as ffrank over the last week or so. My car is similar and will be two years old next March.

But they are not really 'giving' anything....it simply boils down to an attempt to offset the poor residuals that are being quoted at the worst time of year.

I am almost resigned to taking my PCP to term and handing back (but even then there will be a mileage penalty which will force me to look for another disposal route).

I console myself that the GTD is still a great car and the spec I chose largely keeps it above the upgraded standard current spec
so it still feels 'new' - at least it does just after a good detail :-)

Whether I would buy on PCP again - I think probably not - the leasing deals are just too attractive and there is no disposal drama at the end to look forward to either.

Ah, we're in the same boat then Mark - I'm of the same mind - I do love the car still and having it for another year or 2 is no hardship, but I do feel a bit concious of my lack of longer journeys. I'm not sure whether to go for a GTI test drive or not, as that may or may not help matters! What have you been thinking of changing to yourself?

[p3asa]

I was expecting close to 20k which coincides with my finance settlement, as I presumed the dealer would chuck it up for 22k or so.

Thats the problem Dan, DTD can do these for just over £24k which is only £2k more than what you are expecting a dealer to sell second hand.
If you chuck in the loyalty £1k then you are only talking of £1k of a difference for someone to order a brand new car with the MY16 extras as standard which may be better equipped than the second hand car. Plus you also get a longer warranty and possibly better finance figures on the APR.

[Exonian]

CAP prices are updated monthly in general as they collate information from various industry sources and that takes time.
A bit like VW's own shares prices on the stock market, the actual value of a newer used VW will be affected by panic situations like we've just experienced, so although a car might have a £16k book price for 28 days or so, the real value might be significantly different due to dealers underwriters not risking a gamble in a jittery market situation.

[p3asa]

Or what about an R for £190 a month 
https://www.contracthireandleasing.com/car-leasing-companies/independent-brokers/carleasing-online/volkswagen/golf/70921380/

[ffrank]

Thanks, Exonian - good to know. would be interesting to see a graph of VW CAP pricing over the last few months!!

I was expecting close to 20k which coincides with my finance settlement, as I presumed the dealer would chuck it up for 22k or so.

Thats the problem Dan, DTD can do these for just over £24k which is only £2k more than what you are expecting a dealer to sell second hand.
If you chuck in the loyalty £1k then you are only talking of £1k of a difference for someone to order a brand new car with the MY16 extras as standard which may be better equipped than the second hand car. Plus you also get a longer warranty and possibly better finance figures on the APR.

That's true, but I think most dealers are already selling used close to DTD prices - 2 out of 3 of my local dealers couldn't even give me more than 5% off a new car! I mean look at the MK6 price I posted above - it's £3k more than the part ex price for my fully loaded lower mileage MK7! I think private sale may be the way to go.

Or what about an R for £190 a month 
https://www.contracthireandleasing.com/car-leasing-companies/independent-brokers/carleasing-online/volkswagen/golf/70921380/

Ha ha wow, by my calcs it comes to £357 a month - which is actually £6 a month less than my current payment! Tempting, but selling my car right now seems unlikely (for a good price), waiting 4 months for a GTI let's me sell the car when everyone has forgotten all about VW - and are angry at the new scandal from *insert car manufacturer*. Not sure how I feel about a 1 year lease either, but could work out well I guess - will always be another good offer around in a year?

[Mark V GTD]

Indeed - the key issue is disposal of current car - there are no end of bargains out there if you are buying unencumbered...

Yes I was also looking at a GTI PP - love the 'idea' of an R but cant justify the extra cost for less kit (performance upgrade aside).

[GatsbyIII]

Thanks, Exonian - good to know. would be interesting to see a graph of VW CAP pricing over the last few months!!

I was expecting close to 20k which coincides with my finance settlement, as I presumed the dealer would chuck it up for 22k or so.

Thats the problem Dan, DTD can do these for just over £24k which is only £2k more than what you are expecting a dealer to sell second hand.
If you chuck in the loyalty £1k then you are only talking of £1k of a difference for someone to order a brand new car with the MY16 extras as standard which may be better equipped than the second hand car. Plus you also get a longer warranty and possibly better finance figures on the APR.

That's true, but I think most dealers are already selling used close to DTD prices - 2 out of 3 of my local dealers couldn't even give me more than 5% off a new car! I mean look at the MK6 price I posted above - it's £3k more than the part ex price for my fully loaded lower mileage MK7! I think private sale may be the way to go.

Or what about an R for £190 a month 
https://www.contracthireandleasing.com/car-leasing-companies/independent-brokers/carleasing-online/volkswagen/golf/70921380/

Ha ha wow, by my calcs it comes to £357 a month - which is actually £6 a month less than my current payment! Tempting, but selling my car right now seems unlikely (for a good price), waiting 4 months for a GTI let's me sell the car when everyone has forgotten all about VW - and are angry at the new scandal from *insert car manufacturer*. Not sure how I feel about a 1 year lease either, but could work out well I guess - will always be another good offer around in a year?

Unfortunately ffrank, I think VW CAP pricing over the last few months probably looks something like this:-

____________                                                                                                 ____________
                      \                                                                                              /
                       \                                                                                            /
                        \____                                                                            ____/
                                \                  though it'll probably recover to:            /
                                 \                                                                        /
                                  \_________                                        ________/

Seriously though, I'm not sure how much broker sites affect second hand values. I've specc'ed up cars on Autoebid, DtD, Carwow, etc that are available new for less than you can get some of the second hand/ pre-registered ones that are out there. Seriously. I think broker sites are (currently) used by a pretty small percent of the car buying public in general.

I'm not in the trade though, so my opinion could be waaay off.

[monkeyhanger]

Seriously. I think broker sites are (currently) used by a pretty small percent of the car buying public in general.

Spot on here. My Wife's Aunty thinks she's got a great deal if she pays list then gets free mudflaps, rubber mats and a full tank of fuel when she picks up a new low end Peugeot 206/207/208 every 3 years.