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

[wigit]

I found the R market quite interesting and when I sold mine whilst it was not the best performer in residuals, I could have sold it 10 times over in three days as in the used market people were quite spec specific.

They do hit you with the options on the lease deals, on the Rental wagon I went white as it was £20 a month for a different colour but paid for the CarPlay and winter pack which I use all the time. CarPlay was the biggest revelation as you realise how dire the Nav is compared to apple maps. I was not too fussed as this is my daily work horse.

Fortunately the wife went night blue with some toys on hers.

[fredgroves]

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.

Getting bum raped by the lease company like this is one of my biggest pet hates.

They have a captive market fair enough, but they take the mickey to the extreme and the end user pays far more than they'd get at auction for the same car and without any hassle for them.

[Mr Savage]

Wow plenty of responses. Wasn't expecting that! Nice to see you're still around MH. Yeah as I feared they're all ex lease cars hence the lack of options. What's the best route into getting the old stock of the R then? Ringing the dealer direct?

[dubber36]

What's the best route into getting the old stock of the R then? Ringing the dealer direct?

Wait another 18 months or so for Booth11 to sell hers.

[monkeyhanger]

What's the best route into getting the old stock of the R then? Ringing the dealer direct?

Wait another 18 months or so for Booth11 to sell hers.

Too many bumps on Booth's!

Give it 6 month and I might be selling mine!

[SRGTD]

What's the best route into getting the old stock of the R then? Ringing the dealer direct?

Wait another 18 months or so for Booth11 to sell hers.

Too many bumps on Booth's!

Give it 6 month and I might be selling mine!

I think I'd much rather have Rebecca's (Booth11's) R than some of those end of lease R's that are now finding their way onto the market.

[infernox]

I found the exact same thing and I've been looking at getting a used GTI or R (and S3 too). In one way its good, if you look at the S3 market, the car flippers have raised the prices of them too much that it doesn't make sense. Have you also noticed the 66 plate DSG Golf R's with 3-6k miles being close to £30k? Seems insane to me, you can get facelift DSG Golf R's for around £30k with discount. Like you said, the added options aren't worth much unless your a dealer. They love to write about the list price and how much discount they're giving compared to it but the extra's aren't worth that amount used. Are leather seats worth that much used?

[monkeyhanger]

^ My favoured salesman talked me out of leather by saying it'll retain £300 at trade-in.

[fredgroves]

I guess the thing with optional extras on a second hand car is that by and large people don't care.

When I shop for second hand cars its only age and mileage I care about, maybe trim level or number of doors too. Even the colour is largely irrelevant (providing its not Barbie pink or gold (god I hate gold cars)). Red or Blue or White makes no odds.

Whether one has 17's or 18's or with or without a heated windscreen never really comes into it. Certainly not things like park assist or high beam assist or traffic lane assist...

The biggest thing is if its close enough for me to go see it and is it the best price for the age and mileage.

I'm sure most people buying second hand cars think the same and hence the little variance in the retail price.

Obviously if one dealer has two the same I might pick one over the other, but thats quite rare even at a main dealer - usually the age, mileage and price trump everything else.

[Exonian]

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.

Getting bum raped by the lease company like this is one of my biggest pet hates.

They have a captive market fair enough, but they take the mickey to the extreme and the end user pays far more than they'd get at auction for the same car and without any hassle for them.

They try and take the risks to themselves out of the equation as they're basically financing the car themselves for two years (or whatever) then going by price guides as to the likely value of the car they're leasing to you at the end of the term. Then they have to pay disposal costs.
As options are worth next to bugger all (on all but very high end cars where certain options will be essential) at trade auctions the leasing companies will generally insist you pay more or less the full retail cost of the options over your rental term.
Obviously the traditional leasers were those on company car allowances or owned their own business but now the private market is opening up thanks to the internet making deals far more accessible to the general knuckle dragging public there are a lot more leases being taken up.
The downside is that the more private leasers there are getting a new car at affordable prices then the second hand market takes a beating which in turn reduces the trade prices of used cars.
I find the easiest way to track what the leasing companies are expecting to get back at auction is to look at the PCP GFV's on a model and see how they drop over the model life as the PCP finance houses will be using the same guides to work their bottom line.
Elimination of risk!