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How much loss in three months?

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We have ordered a red 1.2 DSG Yeti SE with a few bits and bobs. Due 1st September. (it was ordered far in advance)

I would have prefered a diesel 4x4 with the DSG box, but I didn't know that Skoda were going to make one available at the time. :(

So the question is, if I really do decide I want the diesel 4x4 DSG SE how much do people think I'll lose on the petrol DSG SE if I trade it in at three months old with something like 2,000 miles on the clock?

Am I going to get hammered, because if so I might as well keep the petrol for a while.

Edited by CT17

Ask dealer if it's not too late to change order. You may be lucky! In the past I bought my company car (Honda Accord) after 6 months and it had lost a bundle.

  • Author

Ask dealer if it's not too late to change order. You may be lucky! In the past I bought my company car (Honda Accord) after 6 months and it had lost a bundle.

It was built two weeks ago. :'( They are holding it mid-August (I think) for a September reg.

I'll try them anyway, but was interested on opinions here.

I must admit I was simarly intrigued as to how much the 'cost to change' would be from my 2 month old 2,000 1.2 DSG Elegance, up to the diesel DSG. To get a feel for what 'worst case' might be, I had a look at 'We Buy Any Car'. They valued my car, which had a new list price of just over £20k 2 months ago... at £13,000!

This is going the be the worst I could expect , and it would be hoped that a friendly dealer as a trade-in would give you more, but how much more? WBAC only work from what's called 'bottom book' in the trade (i.e. the minimum of what the trade residual guides such as Glasses or Cap guide state), so I wouldn't have thought a dealer would be hugely more generous than WBAC. £1,500 tops I would have thought?

Whichever way, a big drop on the list price, but that's new cars I suppose! As soon as they get registered they drop a lot, and given that used cars don't attract VAT, you lose this too.

Needless to say, my idle thought about swapping for a 4x4 DSG didn't go any further! The 1.2 with the DSG is a great combination that I'm more than happy with.

You will lose at least 17.5%, the current VAT rate as you dont get the VAT back when you sell on, you will also lose on the road tax and then have depreciation to worry about. Saying that, there does seem to be a supply delay so that could help your case should you decide to sell.

It was built two weeks ago. :'( They are holding it mid-August (I think) for a September reg.

I'll try them anyway, but was interested on opinions here.

Wouldn't it be wiser to negotiate with the dealer that they keep the car as new (and try to sell it to someone impatient) and instead you make another order, paying the difference in price and, of course, also certain surcharge to cover dealer's expenses and trouble. Of course, that would mean another wait for you, but it might be much less painful for your pocket.

Wouldn't it be wiser to negotiate with the dealer that they keep the car as new (and try to sell it to someone impatient) and instead you make another order, paying the difference in price and, of course, also certain surcharge to cover dealer's expenses and trouble. Of course, that would mean another wait for you, but it might be much less painful for your pocket.

I second this idea. The car is still unregistered and it could thus just be sold by the dealer as a pre-ordered car. You just transfer your already paid deposit to a new car and start the long wait again. Good things come to those that wait!

''WeBuyAnyCar.COM.................''

Yes at a stupidly low price that anyone could achieve by sticking the car through an auction!

They valued my old Octavia at almost £3k less than I got in part ex from a Skoda dealer. I know that when part exchanging sometimes the deal is sweetened by the dealer upping the value of your old car but the figures quoted to me by WBAC.Com were frankly ridiculous.

I'd try and do a deal with your dealer. The spec you're getting seems to be quite popular so they may be interested.

''WeBuyAnyCar.COM.................''

Yes at a stupidly low price that anyone could achieve by sticking the car through an auction!

But still higher than most dealers will give you.

I would say that you are going to lose a minimum of 20% on a brand new delivery mileage car , especially as 17.5% of that is VAT (if you have paid the VAT?

  • Author

Thanks for the replies.

I need to wait until Monday until the owner comes back from holiday. Guy left in charge couldn't answer the question and when I asked how much would it cost me to change, so I can make a decision the answer was "a lot". Not sure quite how much that is. :D

Worse way we'll keep the petrol one (fuel economy is about the same) and live without the 4x4.

Good point though, if a deal is done before registering the car it will not actually be second hand.

Thanks for the replies.

I need to wait until Monday until the owner comes back from holiday. Guy left in charge couldn't answer the question and when I asked how much would it cost me to change, so I can make a decision the answer was "a lot". Not sure quite how much that is. :D

Worse way we'll keep the petrol one (fuel economy is about the same) and live without the 4x4.

Good point though, if a deal is done before registering the car it will not actually be second hand.

How much deposit have you paid? The dealer may be prepared to do a deal if you were prepared to walk away from the existing deal and forego the deposit.

If you were looking to change your order from something that would prove hard to sell, then the dealer is bound to be less likely to negotiate favourably than with an attractive car like the one you already have on order. If that makes sense!

I reckon its worth talking asap and I would be disappointed if the chap left in charge was correct in saying ''a lot''.

I must admit I was simarly intrigued as to how much the 'cost to change' would be from my 2 month old 2,000 1.2 DSG Elegance, up to the diesel DSG. To get a feel for what 'worst case' might be, I had a look at 'We Buy Any Car'. They valued my car, which had a new list price of just over £20k 2 months ago... at £13,000!

Don't know what extras you've gone for, but a 1.2 DSG SE can be had from DtD for £15,136, so £13K for a 2 month old with 2K miles doesn't seem that bad. You have to remember that extras add little to the value of a second hand car and you'll recoup next to nothing on them.

As others have said, best option would be to negiotiate with dealer and order a new one. There seems to be plenty of people willing to buy demonstrators off dealers in order to avoid the wait, so I guess your dealer would be able to off load yours with comparitive ease.

As someone who used to work in the motor trade I often heard people saying that you lose the value of the VAT on a new car as soon as you drive off the forecourt. This is nonsense. The amount of money you lose is purely down to the value the market places on the resale of your car and nothing to do with what percentage of the new price is made up of taxes. When a highly desirable car is launched and in short supply you will often be able to sell the car for list price and sometimes more. This is often the case with supercars but also with more affordable models such as the Mini when that was launched. The market, and only the market, values the car.

In answer to the original question; to sell a two month old Yeti would be financially disastrous. Change your order unless you have deep pockets.

To disprove the VAT thing. If you collect a new Morgan from the factory/dealer today and put it on the market immediately it will invariably sell for more than you paid for it!!

For what it's worth as a dealer, if I had a 1.2TSi SE Yeti on order and the customer asked to reorder as a DSG TDi to be honest I'd be really happy. As the 1.2TSI DSG Yetis are really hard to get hold of and having one physical in stock would be an excellent thing for most if not all dealers.

Don't disbelieve them when they tell you that SkodaUK now charge us £500 if we untag a sold vehicle into our stock, they really do!!

I'd speak to your dealer, tell them you'd like a DSG. Explain to them you are happy to wait further although if you've got a part exchange expect the valuation to drop.

Failing that. They can transfer the red DSG to me and if you order a DSG Yeti through me I should be able to cover the £500 untagging expense. But I imagine your original dealer will be more than helpful enough to facilitate what you want.

We have ordered a red 1.2 DSG Yeti SE with a few bits and bobs. Due 1st September. (it was ordered far in advance)

I would have prefered a diesel 4x4 with the DSG box, but I didn't know that Skoda were going to make one available at the time. :(

So the question is, if I really do decide I want the diesel 4x4 DSG SE how much do people think I'll lose on the petrol DSG SE if I trade it in at three months old with something like 2,000 miles on the clock?

Am I going to get hammered, because if so I might as well keep the petrol for a while.

I could be tempted to take it from the dealer for a start - its even the right model and colour -and I'm probably not the only one.

You would then have a Yeti-less wait for the new order for diesel DSG of course.

(I think James knows what I'm looking for.) ;)

Edited by Fred_Bristol

  • Author

Thanks again.

As I said, I need to wait until next week when the owner gets back.

I was just surprised as I've had great service from the dealer and salesman (got a Fabia Greenline II on order for work too) and when I asked, getting a negative response from the man left in charge "a lot" was not a welcome surprise.

I'm not expeting a freebie after all, but you can't make a decision unless you have the facts and figures.

It was almost like they didn't want to do it.

Still, registering here is already proving itself worthwhile. :)

Edit: There is no part exchange by the way, it's a cash purchase with £500 deposit put down.

Edited by CT17

you'll lose between 25-33% the second you drive it off the dealers forecourt!

you'll lose between 25-33% the second you drive it off the dealers forecourt!

I'd be very surprised if it were that high for a Yeti at the moment!

Sounds like it depends on wether you are willing to wait for a new factory order as to wether you lose money or not.

If your own dealer is unwilling to do the exchange for free, either cancel the order and loose your deposit and buy through a discount dealer DtD or someone willing to match it, or take James up on his offer.

If you don't want the extra wait for a yeti and want your original car for a few months then please leave your trousers at the dealers doorway and take a recommended lubricant.

I wonder how much hassle it would be if you were to find an alternative buyer yourself and introduce them to your dealer, obviously before your first Yeti is delivered and registered? Would that work?

Sounds like it depends on wether you are willing to wait for a new factory order as to wether you lose money or not.

If your own dealer is unwilling to do the exchange for free, either cancel the order and loose your deposit and buy through a discount dealer DtD or someone willing to match it, or take James up on his offer.

If you don't want the extra wait for a yeti and want your original car for a few months then please leave your trousers at the dealers doorway and take a recommended lubricant.

IF YOU CANCEL THE ORDER WITH THE DEALER YOU MAY BE IN BREACH OF CONTRACT AND LIABLE FOR MORE THAN THE DEPOSIT PAID.

That 25-33% is the industry average. I havent see a proper "used" Yeti on the market yet, they are all ex-demo's, so it is hard to say, but I would expect 25% loss would be not far off.

I just bought a year old Mitsubishi with 9k on the clock from a dealer for less than 50% of the new price (£10,500 against £21,999), AND it had several extras and 3 years servicing included; worth another grand or more on the price ( Diamond paint and upholstery protection, full car mats, and cruise control).

That 25-33% is the industry average. I havent see a proper "used" Yeti on the market yet, they are all ex-demo's, so it is hard to say, but I would expect 25% loss would be not far off.

But that would be against manufacturers list price, not the price the deal was struck at.

If you sell privately you would might take less of a hit; there may be someone who wants your spec Yeti without having to wait for one to be built; but whatever the discount you got off of the dealer, remember; he will want a profit margin on reselling it, so he is never going to offer that much; he has to take it in, have it inspected and cleaned, pay to advertise it, and have it take up valuable sales space on his forecourt, etc.

25% loss from driving off the forecourt is not a myth, it is a fact of life for new car buyers (and why I will never do it unless I win the EuroMillions).

Edited by GentleGiant

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