Has anybody noticed the Fabia VRS valuation decrease in the last year?

I bought a Red Fabia VRS 61K back in March 2010, for £4800 it was advertised for £5000 and I remember they were all on sale for well over 5k

I understand its a 2nd hand car you never realy make money on cars, but such a price drop worth worrying about?

What car? valuation quote if I sell it private its now worth in the region of £3985, Its like I have lost £600 in a short time.

Could be partly because the new VRS is out.

Can you see the Fabia being worth 3k by next year?

http://www.whatcar.c...7&mileage=70000

Thanks for your replys

Don't pay any attention to What Car or Porker's (especially the latter!) - have look on Pistonheads and Autotrader for a more realistic feel for what they're going for now.

In car terms £600 is bugger all so I wouldn't worry about it - if you're planning to hang onto it for more than a while you won't lose much per annum.

I see What Car are saying you'll get less than a £1,000 more for selling it privately in comparison with a trade-in - just goes to show they're talking ball ox - who'd bother with the hassle of selling privately if that were the case .

Has anybody noticed the Fabia VRS valuation decrease in the last year?

I bought a Red Fabia VRS 61K back in March 2010, for £4800 it was advertised for £5000 and I remember they were all on sale for well over 5k

..

What car? valuation quote if I sell it private its now worth in the region of £3985, Its like I have lost £600 in a short time.

Could be partly because the new VRS is out.

You don't say what age your car is so it's difficult to comment in detail. I got £4,500 trade-in for my 2004vRS which was then sold on for £6,000 - but that did have leather.

Yes, the new vRS is now out and some previous owners may have been waiting for it to come out (as I was) - but in my view it's overpriced - particularly since Skoda have (had?) a "VAT free" offer on other Fabias making the vRS disproportionately expensive. Making the DSG gearbox standard obviously hasn't helped here.

I picked up a brochure from the dealer today. You could pay out a lot in options.

Since I bought my 2004 one the metallic paint for instance has gone up from £260 to £410. Then if you want a black or white roof it's another £355 and different coloured wheels is another £100. Then add cruise control at £160 (up from £125 on my last car) and you're looking at a price of £16,625 before you're tempted by other extras - like the "affordable" satnav at £500. Even floor mats are now £35 extra - and Xenons aren't even available.

You don't say what age your car is so it's difficult to comment in detail."

Sorry its a 2004 54 Reg - Standard no extras

You got a good price on yours but like you said leathers can help increase the value

Edited 18 September, 201015 yr by REDFABVRS

Sorry its a 2004 54 Reg - Standard no extras

You got a good price on yours but like you said leathers can help increase the value

Mine also had metallic paint, cruise and 6CD changer as well as bespoke leather. Dealer initially offered £4000 but upped to £4500 plus I got extras thrown in with the £10k SE...

Fabia vRS's have been massively overpriced for a very long time. I don't think you're so much seeing the impact of the new vRS as just a case of people coming to their senses. The absolute maximum your 2004 car in red with no extras could have been would be £11500 on the road. In depreciation terms the BEST cars are worth 60% of new at 3 years old with roughly 12k miles per year on the clock.

But you paid almost 45% of new for a 5-year old car. And now you're unhappy that it's only worth 35% of new at 6 years old. That's still phenomenally low depreciation. Just as a comparison, my TT is only guaranteed to be worth £11,000 at 4 years old with 120,000 miles on it. And it listed at £32,000. Now that's eyewatering depreciation!

The absolute maximum your 2004 car in red with no extras could have been would be £11500 on the road.

I think it might have been you who quoted that price before - it is incorrect.

http://www.fleetnews.co.uk/cars/review/skoda-fabia-vrs/33981/ dated 29/01/04 says £11,990

http://www.timesonline.co.uk/tol/driving/jeremy_clarkson/article455398.ece/ dated 11/7/04 says £11,990

My 2004/54 car purchased October was £11,990 without extras - just before the price increase.

Edited 18 September, 201015 yr by DRJ

I would say your correct in saying that the Fabia VRS has been overpriced for a while, as I watching the prices over the last year or so and they were in the range of 5-6k and all of a sudden now theyr in the low 4k range, could be partly because the new VRS is out.

Its the most I have ever paid for a car for me its a fair bit of money, I was under the impression since its literally a VW it may hold its value for a while.

My hope was to sell it in 2012 with 90k miles and get at least £3000 add another 3-4k and get the Octavia VRS 2.0 PD but it looks like I miss judged the whole thing.

I bought a Yaris T Sport 2 years ago for £3k with 49k Miles and sold it with 65k 2 years on for 3k how is that for a resale value never lost a penny

Many other diesels are way overpriced even at 100k

As somebody has already commented on here WHATCAR valuation and PARKERS do frighten you abit, but in reality its about the demand and what they actually sell for on Autotrader. Traders usualy rip off anyway.

I personally think the Fabia VRS wont loose so much with it being the only high performance "Fabia" diesel it makes it unique or should I say exclusive in its own way especially the limited Blue VRS.

I guess il just have to watch the prices if the prices drop dramtically I may have to let it go.

I think it might have been you who quoted that price before - it is incorrect.

http://www.fleetnews.co.uk/cars/review/skoda-fabia-vrs/33981/ dated 29/01/04 says £11,990

http://www.timesonline.co.uk/tol/driving/jeremy_clarkson/article455398.ece/ dated 11/7/04 says £11,990

My 2004/54 car purchased October was £11,990 without extras - just before the price increase.

And the difference that makes to my point is what? I paid £10850 for mine through drivethedeal.com in August 2006 and it had CD Changer, Cruise Control, Metallic Paint and Airbag Switch-off. Anyone who pays list is a mug. Whether the maximum is £11500 or £11990 is almost irrelevant, people (dealers mainly) are still asking silly money for 6 and 7 year old cars.

You've just paid £10K for a 3-year old Fabia vRS. And you handed over a near-identical specification car at 6 years old for less than half that. I stand by my point. Fabia vRS used values are ridiculous, and the correction is coming, and some people are going to take a bath on this.

If you want to know what your car is REALLY worth, try webuyanycar.com as they use an index of auction prices to set their rates, and they are part of a big car supermarket chain so they have an outlet and they will actually put their money where their mouth is. It's a much better guide than Parkers or anyone else. What you can negotiate from the dealer beyond that figure is effectively what the dealer would give you as a discount for cash. It's all about the price to change.

All cars lose money, as mentioned a typical 3 year old car is only worth between 30 to 40%.

Since the Fabia MK2 earky Fabias have started losing money a lot faster. The vRS was largely immune because there was no equivelent MK2, now there is so the vRS is playing catch up. The same thing happened with the Octavia, with the wait for the MK2 vRS. There was a delay of around 2 years for this model, and then the MK1 Octavia vRS values dropped quickly. The MK1 Octavia vRS was over 15K new, now look they can be had for 2K if you look around.

Between Skodas, I bought a Porsche Boxster S. Cost to me was £25K, I sold it 18 months later for £14K, so I lost £11K on a Porsche in that time.

You buy cars to enjoy them, if you worry about depreciation then you would never own a newish car.

You buy cars to enjoy them, if you worry about depreciation then you would never own a newish car.

Apart from LEs all vRSes are cheap - you're never going to lose that much.

I bought mine for £5k (£2k less than I sold my - admittedly 6 months newer - Lupo GTi for - although on the subject of depreciation it would probably still be worth £7k today :'( ) - if I get four years out if it and it's worth only scrap at the end (which I very much doubt) I'd still be very happy. I'm content (well, perhaps content isn't the right word) to lose £1.5k a year on a car - can easily live with that.

And the difference that makes to my point is what? I paid £10850 for mine through drivethedeal.com in August 2006 and it had CD Changer, Cruise Control, Metallic Paint and Airbag Switch-off. Anyone who pays list is a mug. Whether the maximum is £11500 or £11990 is almost irrelevant, people (dealers mainly) are still asking silly money for 6 and 7 year old cars.

The point I was making - and proved it 100% - was that your statement "The absolute maximum your 2004 car in red with no extras could have been would be £11500 on the road." was irrefutably incorrect.

I couldn't get the dealer to budge one iota on the price of the 2004 car and he gave me a poor trade-in value on my Freelander too. Hence I paid list price and surely others would have done too. He was then very accommodating over the custom leather retrim dealing with taking the seats and door cards out and in for the specialist upholster to retrim them - doing the door cards twice when the colours were inadvertently switched, and subsequently dealing with warranty items without question, and providing a courtesy car free of charge - all items I'd have had to pay extra for or had more hassle sorting if I'd bought the car elsewhere.

You've just paid £10K for a 3-year old Fabia vRS. And you handed over a near-identical specification car at 6 years old for less than half that. I stand by my point. Fabia vRS used values are ridiculous, and the correction is coming, and some people are going to take a bath on this.

There are more things than money to consider as I've noted above. The 2007 car I bought happened to be at my current dealer - a different one than I bought the 2004 car from since I discovered that garage had very high labour costs for servicing. I was prepared to pay the premium to get a car from the garage I knew rather than someone miles away. Money isn't everything.

Apart from LEs all vRSes are cheap - you're never going to lose that much.

I bought mine for £5k (£2k less than I sold my - admittedly 6 months newer - Lupo GTi for - although on the subject of depreciation it would probably still be worth £7k today :'( ) - if I get four years out if it and it's worth only scrap at the end (which I very much doubt) I'd still be very happy. I'm content (well, perhaps content isn't the right word) to lose £1.5k a year on a car - can easily live with that.

I paid £14,202 including extras for my original 2004vRS new and traded it in 7/10 for £4500 though kept £72 of extras and transferred to the new car.

I had it 5.75 years. That works out to depreciation of £1675 per year - for a new car I reckon that's pretty good.

Previous to the Fabia I'd had three, admittedly more prestigious, secondhand cars all bought for around £15k and traded in for £6-£8 two to three years later. Biggest loss was the Freelander as approx £4k pa - nice car though...

The point I was making - and proved it 100% - was that your statement "The absolute maximum your 2004 car in red with no extras could have been would be £11500 on the road." was irrefutably incorrect.

I couldn't get the dealer to budge one iota on the price of the 2004 car and he gave me a poor trade-in value on my Freelander too. Hence I paid list price and surely others would have done too. He was then very accommodating over the custom leather retrim dealing with taking the seats and door cards out and in for the specialist upholster to retrim them - doing the door cards twice when the colours were inadvertently switched, and subsequently dealing with warranty items without question, and providing a courtesy car free of charge - all items I'd have had to pay extra for or had more hassle sorting if I'd bought the car elsewhere.

There are more things than money to consider as I've noted above. The 2007 car I bought happened to be at my current dealer - a different one than I bought the 2004 car from since I discovered that garage had very high labour costs for servicing. I was prepared to pay the premium to get a car from the garage I knew rather than someone miles away. Money isn't everything.

Well, no, money isn't everything. All your other statements just back up the fact that you have been mugged my car dealers. Repeatedly, from the sounds of it.

... and happily!

... and happily!

Well, any deal both parties to are happy with, is a good deal! Good luck to you!