Part ex values through the floor?

[Mk1Macca]

I visited my dealer today for a warranty issue on my GTD (the key broke in the ignition...) and while there, I thought I'd talk to the sales lady about trading in for an R.

I've bought two brand new golfs from her before, so left my details with her to crunch the numbers and email me later.

Well, the email's just come through and i'm staggered.

A GTD in CSG, bought Jan 2014, 23K, winter pack, Discover Nav and Adaptive Chassis, that would have been values around the £30K mark new, is now worth... £15,750! When I enquired about a month ago, it was nearly £2K more.

Are they really worth so little now, or are they just being super stingy with the part-ex offer?

Needless to say, i've politely declined. It seems the emissions scandal has hit the brand hard, so this is sadly likely the last VW i'll own if this is the value they drop by now. At this rate, i'll owe money at the end of my term, rather than having equity. Bugger.

[mk7gti]

When I was in making my purchase of my GTI one dealer did say diesels had taken a hit residual wise and petrols residuals had increased. 

Worth having a look at the parkers web site for a valuation.

[mk7gti]

2.0 TDI GTD 3d 2014/63
Volkswagen Golf (13 on) 2.0 TDI GTD 3d
Based on 30k mileage

Original Price £25,565

Part Exchange £15,860

[clubsport]

2016 makes everything a year older?

I am not surprised at VW diesel models being hit fairly hard, as it was the diesel models that had VW hit the headlines in a negative way.
I appreciate it may not be such a big deal in the scheme of things, but to many non VW devotees, it has certainly turned a few away from the marque.

[HA54SYM`]

Nope, same with Petrols to my eyes.

GTi is pretty low to be honest, I think the loyalty thing just helps prop the px value a bit to be honest.

It's pushing me more to looking at Broker max discount and PCP pay off early as the cost to change is getting bigger than ever.

Dave

[Bungleaio]

I think (hope) it's a temporary thing as this is such a recent occurrence, I'm sure similar happened with Toyota when they had the issues with the faulty accelerators.

Give it a couple of years and everyone will have forgotten all about this and things will be back to normal. The Golf is a very high quality car, whatever happens with this situation that won't change.

[monkeyhanger]

The GTD's GFV have taken a real pasting lately. Back around Easter 2013 when the GTD/GTI order books opened, the GTD (5 door manual) had a healthy £14600 3 year value (55% retained) , now it's around £12700.

The GTI's 3 year GFV has dropped by less than a grand in that time. The R's dropped by £3k in Nov 14 from around £18500 to £15500 and is currently around £15200.

With all that in mind, the GTI owners have had the least surprises in p/x terms and shouldn't be far off what they were expecting to get in p/x. For early adopters of the GTD and R, I expect the PCPers will be handing them back and walking away with no equity to entice them into another on financials alone. Even so, £3320 between the RRPs for GTI and R, and £2500 between the 3 year GFVs, it costs only £32 a month more to spec an R over a GTI.

The PCPers buying another are not losing out despite the lower GFVs, the VW % APR is very low (4.9% typical vs 6.7% typical not so long ago) - there's around a £1300 off the typical cost of financing a GTI/GTD for 3 years. The PCP monthlies haven't changed much at all, despite the expected p/x being lower.

[itavaltalainen]

Well, just loses value as soon as it goes off the forecourt.....

Mine was list just under 30k, LP paid around 26.... usual buying sites offer me around 9k for it now.

[Vdub43]

It seems values across the board have taken a hit which is disappointing.

[Exonian]

It's the time of year when values are at their lowest, sales are at their slowest and the trade is at its most cautious.
This time of year generally sees a grand knocked off used car values.

Add in Dieselgate, huge new car incentives and massive discounting by VW and many other marques and we don't really have the recipe for strong residuals on 'not very old' cars.

swings and roundabouts really if you're chopping in a car only a couple of years old, don't forget the mk7 turns 4 years old this year...

I wonder how the equivalent MQB generation cars from Audi, SEAT and skoda are faring in comparison.