Golf R's - Used Market - Did someone lose the optional extras list?

[Mr Savage]

After deciding to wait on the 7.5 R due to problems with allocations and my dealer plain right refusing to discount the price whatsoever i've been taking a look at what used R's are on the market. Now i'm guessing this is due to the mass amount of lease car deals a while back but has anyone noticed that every single R seems to be standard? I had a gigantic smile when I saw the R starting now on the used market at just £19500. What fantastic value for money! Then after clicking through a countless amount of cars I couldn't find a single car with 1 single optional extra until I got into the 26k territory. Do optional extras really push the resale value of these cars up so much? I might be in the minority here but I really don't understand why someone would spend the best part of £30,000 on a car and not add even the cheap options like keyless entry and reversing camera?

[monkeyhanger]

Hi Mr Savage,

Maybe people thought that spending £30k on a car thay's well equipped as standard was enough. Seriously though, most of the cheap cars coming through now will be leasers in white or red with Cadiz wheels. I'm sure tgese lease cars will be your only opportunity to get an R so cheap. There's a small window of opportunity to get a 6 month glut of these cars. Having Rs go as cheap as GTIs and GTDs is unsustainable in the longer term.

Even an options tightarse like me couldn't say no to Prets as I find the Cadiz so ugly (nothing to do with the size - it's the design). A few novelty options on a £30k car wouldn't sway me either way.

[Exonian]

Indeed. We are now mid way through the cheap leases hitting the auction rooms and these cars will be zero spec for obvious reasons.
And dealers will be making as much money was they can on specced up non 'ex-fleet' stock.
What you can also guarantee is that those part ex'ing the highly specced late model cars won't be getting anywhere near the forecourt sticker price unless they're pretty much paying full whack for the car they've replaced it with.

It'll settle down a bit after a while but right now the cheap R's are killing the trade values on all Performance Golfs.
Over supply of GTD's (that will be forced out of fashion very shortly), lower demand on GTI's due to the closeness in price to an R and good old leasegate R's.
Happy days. 

[Zack]

If 'your' dealer will not discount a MK7.5 for you shop elsewhere, there are many dealers offering discounts of £3-4K. Try Carwow, Drive the deal etc. OR discounts of around £7K available for remaining stock of MK7 Rs (mate of mine just got one). Many dealers are not advertising they have MK7 Rs as they want orders for the new(ish) model. Good luck.

[mattwilko92]

Agree with the above. It's the mass of cheap lease cars now filling up the used market.

[jv]

Easy. The reason is that almost all lease deals load the full retail value of the options onto the lease period. So if you are borrowing a 30k R for 2 years for 5k, anything at all you spec gets added onto the 5k. So you aren't spending 30k and scrimping on a few options, you are thinking, "keyless, camera and appconnect probably costs me 50 quid a month extra over two years, perhaps i'll pass".

[fredgroves]

JV is largely right ^^^

I was a tight arse and worked out which options I was paying 100% for and which the lease company thought added value to the car.

Sat nav = adds value
19's = doesn't

Somewhere I had the list I worked out, but it is very lease company specific.

[juggler]

Bought my MK7 through CarWow. Highly recommended

[OscarStorm]

I ordered a R facelift through DTD at the beginning of February and have a build week of the 6th March which was much quicker than expected. You will get a good discount with DTD so worth speaking with them as I have found them reliable from previous experience.
I can understand now why some owners go easy on the options and I have with this order. Having spoken to one of the guys recently at Orange Wheels regarding using my GTI as a part-ex on a S3 and the options to add to that car, I was told only pick the ones you really need as you get nothing for them come sale time. So my understanding is the only ones who benefit from a high spec car are the dealers, I have had a few quotes for the GTI which I added around 3k of options and it has not improved the value unfortunately for me.

[volkswizard]

As I am a dealer I found this thread very interesting.
I've been to a couple of VW Finance auctions and prices there seem inconsistent with reserve prices based on what the car owes them rather than what the trade guides would suggest - I've seem two identical cars go through, one sold for £18100 the other was reserve not met at £18900.

Also the price owners are getting to buy at the end of the lease is ridiculously high with around £500 between that and a dealer asking price. I guess if you like it and want to keep it then it's OK but it's way more than they sell for at auction.

Red is the predominant colour due to the shortsightedness of the leasing companies who wanted to charge the full cost of other paint during the term of the lease - Lapiz and even Pure White cars make at least £500 more than red.

As stated the amount of basic cars is unbelievable.
Even a car with heated seats is leagues ahead of the rest, I am pretty sure no car had nav at either auction so the retrofit market for the Kenwood kit will be huge. Same goes for leather, not one.
1 car had Pretorias but was otherwise basic.

A non red, DSG car with heated seats is almost a unicorn!

On the plus side condition was generally pretty good but when they were rough they were bad, like a red one with lacquer peeling on the canter rail due to a hasty blow over down the side, a Lapiz where something (roof box) had rubbed right through the paint on the roof. Also quite a few cars with damage on the front wheel arch by the front bumper. A couple with airbag lights on too.

Stonechipping to the nose can be pretty heavy for the mileage and will tell you a lot about how hard it's been driven and is a good place to start assessing the car - obviously be just as wary about no chips at all.

Can you finance a new 7R for less than a secondhand one? If so I'd do that and add a few bits.

NB I haven't bought one yet!