What are our cars worth? In the dealers eyes and ours!!!

[CHRIS-M07GTI]

In April,picked up my £27500 specked gti 3 dr with dsg,recaros,xenons,monza2 wheels,winter pack,ipod conn,rear tints etc,and paid £25750 inc supaguard cash,good deal and well happy with motor(7300mls at mo),today asked for a price to swap for similar speck ed30 or R32 5dr as wife is 8mths pregnant,and its a nightmare with the recaros to get a car seat into the rear,(I love the recaros though,best seats ever imo) and they offered me £21000 I nearly fell off the chair and asked if he was taking the pi$$ and would he accept that price if he was in my shoes!!! he agreed, but said his boss had looked into it and came up with this price.

Am i right to be alarmed with this price? in my eyes it is a huge hit on a excellent car that is suppossed to hold its value very well.

Also,he said they take the price i paid in cash and work down,ie £25750 not the £27500.They accepted the cash after i went and haggled at 4 vw dealers to get the price down with a excellent spec.

Your opinions are appriciated guys and dolls.

Chris.

[illyun]

I was offered a similar amount by my local friendly (RIP-OFF) stealers for my almostly fully-loaded £27.5k Edition 30 after only having it 7 weeks!  I told them where they could stick their cash and went to Solihull VW who gave me a better offer - although still not tha good.  Considering you got a large discount - that was a miracle in itself - I think what they are offering you is good for a dealer - but ask other dealers.  Selling it private will be a headache if you are in a hurry, although you might get more for it.

[CHRIS-M07GTI]

Cheers Illyun,

I think £23000 would be acceptable in my eyes,a £3000 hit in 7months 7300mls at the cash price of £25750.

Chris.

[symonkey1]

So us losing 7k in 1.5yrs is not too bad then. Hmmmm and i thought it was painfull! The problem is the extras lists that all car dealers have now - these were not anywhere near as long, not so many years ago and it is so easy to take a 21k car into the class above by making it 25-27k! This seems to be where on trade in people lose so much cash.

If i was going to spec up a car in this way i think in future i would look for something at 25-27k Ie an R32 or an new S3! But hey thats just me everyones diferent.

All i went for was DSG ,18s and CD changer on my 05 GTi.
 

[speedynz]

Everyone seems to give the dealers (stealers?) such a good kicking.

Has anyone thought about the other side of life? Running a huge dealership and its associated expenses, expected to know every single minute aspect of every single car when you're selling 100 different variations. Having all of us guys walk in and tell them that blahblahblah.com will do whatever GTI for thousands less than list and why won't you match it. Offering back up to fussy idiots that complain about everything because it's under warranty.

I know that there are rubbish dealers out there but give the good ones a chance and understand that you won't get anywhere near private sale money for your car because they 'HAVE TO MAKE A PROFIT BECAUSE THEY'RE RUNNING A BUSINESS'.

It's become a thankless task being a car dealer and I don't blame dealerships for offering low on a trade-in deal on the first ask. You need to negotiate and as it's likely to be an ongoing relationship it would be good to build a rapport with your dealer.

I was recently offered 3k for a Clio 172 against 20k for an Edition 30. We talked, thrashed it out and I got 4k for the Clio and I paid 18k for the Edition 30. It took a week, everyone was polite, everyone did their 'sales patter' job done, everyone happy.

Have a go!

[Rigsby]

I was told to expext around £20600 for my 07 ED30 with 4500k. This was from the VW sales guy (who I bought the car from) and that was 'top book'. Now I don't know if he's feeding me rubbish but he did say they 'try' and clear £1500 on a second hand car :huh

I only asked about the price because I was tempted by a TT quatro sport (which was at a Audi dealership), they offered me a straight swap for the ED30 against it. The TT was up at £19995, 06 with 20k.  I'm not parting with the ED30 now though.

[Phil mcavity]

it just shows how much ANY car losses when you drive it off the forecourt, thats why i will never buy brand spanking new cus i just cant see the point, go near new, 1 year old, less money lost. i was offered £18100 recently for my 05 at a VW dealer against an ed30, ive had mine a year now and only paid £22k at the start.so ive lost less then buying brand new on CHRIS-M07GTI figures.Still painfull non the less

[Ollieb7]

Yep - they drop like a stone in the first year and half. I knew this when i bought mine and know i will have to keep it for 3 years for the payments to match the depreciation. Keep this in mind and buying new makes sense especially as you get the 3 year warranty benefit. Just hope the Audi RS3 is available in three years though

[symonkey1]

Yeah i am in same boat mate ollie - i have to wait for my payment to match depreciation or wait for the halfs agreement (assuming you know about this) but i can hand my car back in 6 months no questions - even though i owe more than its worth!

Most dealerships dont tell you about this but it is in every finance agreement.


Sorry speedynz - but dealers do RIP PEOPLE OFF FACT!!!

BUT>>> If you want a new car you have to pay for it!!!

And if you want a VW you have to pay for it badge and all!

If you want a cheap car go and buy a KIA RIO!

[08micsta]

Welcome back Ollieb7  

In SA you can get around R220 000 for a 2 year old GTI. And considering you pay about R270 000 for a high specced car I would say that is reasonably good?