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Predicted vRS Depreciation

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Just wondering really. I know it's something we can't do much about but with the 20% off and long waiting times I'm curious as to what my car will be worth in 1,2 or 3 years time

If it's doing well, 50% of what you PAID for it in three years, 55-60% if it's doing VERY well

Realistically no one knows. Quoted depreciations for Fabias in general on one site I saw were 38% first year, and then 20% per year after that. Based on this then after 2 years it will be worth 50% and 3 years 40% :( . However I have no idea whether this is including any effect from the VAT free offer (the very high first year could be becuase they are basing this on the nominal retail price and not VAT free for example), and not knowing what Skoda are going to do with general pricing and offers over this time makes it difficult to predict.

Not the same car, but Greenline 2's that the dealers were selling second hand cost more than new ones were doing, with the 20% off offer.

I suspect that this is due to the tiny number of them about for sale (only 3 showing as second hand within the Skoda network).

I'm not sure how this will affect the VRS prices though

Going with what ive had in past,bought a new car discounted by manufacturer when coming to sell this info is available to your new buyer, i.e they will know the price you paid and that were the pricing starts, losses after 5 years on a VRS likely to be high as much as 70% :thumbdown:,so whats the point buying new, we are mugs!!!!!:wonder:

Not the same car, but Greenline 2's that the dealers were selling second hand cost more than new ones were doing, with the 20% off offer.

I suspect that this is due to the tiny number of them about for sale (only 3 showing as second hand within the Skoda network).

I'm not sure how this will affect the VRS prices though

Wow, that's impressive

Any fancy buying a Black Greenline 2, £13500. :rofl:

  • Author

I dont think after five years the vrs will lose 70%. 5 year old mk1 vrs are still selling for 6k so that's only 50% If after five years my vrs is worth 8k I'll be very happy

Would suggest if the vRS's get to 3 years old and as owners we retain somewhere between 52% - 47% of the value we are doing well.

Audi A1 Hatchback 1.4 TFSI 185 S line 3dr

vs

Seat Ibiza Hatchback 1.4 TSI 180 Cupra 3dr

vs

Volkswagen Polo Hatchback 1.4 TSI 180 GTI 5dr

vs

Skoda Fabia Hatchback 1.4 TSI 180 vRS 5dr

http://www.whatcar.com/car-depreciation-calculator/results?edition1=22791&edition2=36846&edition3=23085&makeId=5289&modelVersionId=6792&editionId=37126

Considering the Fabia is based upon the price without the VAT discount it looks pretty good to me.

Edited by InsQuoOrgUk

Audi A1 Hatchback 1.4 TFSI 185 S line 3dr

vs

Seat Ibiza Hatchback 1.4 TSI 180 Cupra 3dr

vs

Volkswagen Polo Hatchback 1.4 TSI 180 GTI 5dr

vs

Skoda Fabia Hatchback 1.4 TSI 180 vRS 5dr

http://www.whatcar.c...editionId=37126

Considering the Fabia is based upon the price without the VAT discount it looks pretty good to me.

Well the curve for depreciation is similar in all the cars, however you lot did'nt pay 16.5k for your VRS'S so your final figure will be well below this final figure of 5.5k it will be in the high 4k after 5 years,so losses will be around the 65-70 % mark thats crazy, although skoda now is better at keeping the residuals down, Fabia based on the price without the VAT exactly so you would'nt get thet price it will be based on what you paid for it rather than the RRP, the discount is a myth although you get it initially it will dissapear when you come to part-ex it!emoticon-0106-crying.gif but this is on all cars that have a discounted price the only way to trick the system, sell private B)

  • Author

A car like a vRS will be pretty easy to sell private. If it was a bog standard Fabia then it would be a lot harder. At the moment people seem to be paying a premium on used ones just to avoid the wait. Obviously this doesn't apply so much in a few years time. I'll be keeping it for at least 5 years (can't see no reason why not) and if I can sell it then for anything between 6-8k I think I've done OK. Skoda residuals are pretty good and if anything are going to get better with them stealing sales from Audi/VW/SEAT, etc.

Depreciation is relative to cost new plus it does depend on the car. Manager in work bought a A5 Convertible 2.0 TDI for 36k and sold it last week after a year privately for 29k so that's a loss of 7k. She's only done 7000 miles so that's £1 a mile in depreciation!

  • Author

Plus unless you are extremely lucky you lose money on any car you buy new or used. Since vRS estates are pretty rare at the moment it makes more sense to buy one new. For a start it's got ones less owner on the book, less miles and you get it from new so know how it's been treated. I had someone again tell me yesterday that I'll lose 2k driving off the forecourt but that only applies if I sold it straight back to the dealer and there's no reason why I'd do that.

its all relative to price paid,skoda is now on par with all the other VAG group cars, all new cars loose roughly loose 20% in first 12 months then gradually slows down,I bought 2 fabias the pre-owned one is a 1.4tdi 3 cylinder 70bhp 2008 standard spec but previous owner put leccy windows and air con extra, dont know what he paid but I paid £4,250 for it so I reckon must have been a £11,000 car originally so lost 7k roughly in 3 years :wonder:

Well the curve for depreciation is similar in all the cars, however you lot did'nt pay 16.5k for your VRS'S so your final figure will be well below this final figure of 5.5k it will be in the high 4k after 5 years,so losses will be around the 65-70 % mark thats crazy, although skoda now is better at keeping the residuals down, Fabia based on the price without the VAT exactly so you would'nt get thet price it will be based on what you paid for it rather than the RRP, the discount is a myth although you get it initially it will dissapear when you come to part-ex it!emoticon-0106-crying.gif but this is on all cars that have a discounted price the only way to trick the system, sell private B)

You are still better off with the discount, it's not a myth.

If you pay 20% less new (£3000) it's not going to be worth £3000 less in three or five years. It may be worth 20% less, but 20% of the 2nd hand value at 5 years old will be a lot less than the 20% you saved from new.

So overall you are better off. :thumbup:

I'd expect the mkII VRS to hold it's discounted price quite well. Doubtful you'd lose more than 50% IMO (basic, not options). It's just too much car for the money at only 3 years old and Skodas reputation is too good now.

You are still better off with the discount, it's not a myth.

If you pay 20% less new (£3000) it's not going to be worth £3000 less in three or five years. It may be worth 20% less, but 20% of the 2nd hand value at 5 years old will be a lot less than the 20% you saved from new.

So overall you are better off. :thumbup:

I'd expect the mkII VRS to hold it's discounted price quite well. Doubtful you'd lose more than 50% IMO. It's just too much car for the money at only 3 years old and Skodas reputation is too good now.

Not in my experience when selling my car seat altea sport I had 2k off list price however when you come to sell they check the car out on a website not sure which but that shows your purchase price,so you will get less for it, I may not be explaining myself correctly but the dealer will not give you the price it should've been without the discount,he will start from what you paid then give you a price he'd be shooting himself in the foot,he would have a car that was over priced on the forecourt, 3 years likely to loose 50% but 5+ years drop of a cliff,

Not in my experience when selling my car seat altea sport I had 2k off list price however when you come to sell they check the car out on a website not sure which but that shows your purchase price,so you will get less for it, I may not be explaining myself correctly but the dealer will not give you the price it should've been without the discount,he will start from what you paid then give you a price he'd be shooting himself in the foot,he would have a car that was over priced on the forecourt, 3 years likely to loose 50% but 5+ years drop of a cliff,

On a new Greenline in January I part ex-ed a 7.5 year old Fabia Elegance.

We got the standard 20% off the Greenline and also got £3000 in part exchange for the 7.5 year old Fabia.

Now I'll admit that I don't know what the Fabia cost new, but it can't have been more than 10K, meaning it was still worth 30% after seven and a half years. And the dealer was also giving 20% off the Greenline, so I doubt he had a high margin on it to bump up my part ex valuation.

The garage put the Fabia up for about £3,500 and in a week it'd gone!

i can only see the vat free prices having an effect on resales if they stay vat free. what you paid has no meaning 3 years down the road, your car couldnt be worth less than somebody who paid full price a few months before the vat free deal. its worth what its worth full stop, its like saying i won this car in a comp so paid nothing for it, does that mean its worth £0 as a part ex? the market dictates a price not what you paid

imagine if i said to the father in law, you only paid £500 for your house all those years ago so ill give you a tenner for it :rofl:

I don't think you can use the mk 1 as a base line, the mk1 as retained high values due to it being a small oil burning hatch. ie very economical.

I would expect the mk2 vRS to depreciate heavily after year 2. Partially due to its greater technology putting buyers off buying outside warranty, partially because it will appeal to a narrower market sector. I also think it will become dearer/harder to insure for younger/inexperienced drivers. Anyone looking for a vRS will know that the list price as never been paid and will expect to purchase accordingly.

Articles I have seen are suggesting around 37% after 3 years, so possibly 45% of the VAT free price if you are very lucky, excluding any extras/mods that aren't worth squat.

I think DSG and twincharge out of warranty may put people off though. I seriously thought about buying one of these but that and losing 52 lb ft of torque put me off. It's great if you can buy new and enjoy the car through the warranty but i tend to hang on to my cars for a while. I can't see this engine racking up big six fig mileages without big bills. That may knock prices, i'm not sure.

I think DSG and twincharge out of warranty may put people off though. I seriously thought about buying one of these but that and losing 52 lb ft of torque put me off. It's great if you can buy new and enjoy the car through the warranty but i tend to hang on to my cars for a while. I can't see this engine racking up big six fig mileages without big bills. That may knock prices, i'm not sure.

WOW Matt don't diss it too much !, they hang peoples here for less :D,I for 1 am in agreement 1.4dsg 180bhp and turbo + supercharger,to much this little engine may be overstretched may be wrong but, as for the F1 cars having a similar make up i.e small engine high output?,F1 engine are built not to last longer than a couple of races, simply because they get distroyed, the F1 steering wheel costs £55k and the engine is in the region of £500k in total, but I agree the 1.4 is maybe the VRS downfall maybe thats why it will be replaced by the 1.6 single turbo engine. the new VRS is a cracker but for how long may be easier to sell the mk1 rather than the mk2?

I think those silly little three cylinder engines are likely to be more stressed and fail.

PS I don't really, just trying to start a forum fight ;)

  • Author

Personally I think the engine will be fine. I think it's been about since 2006? in Golfs, Scirocco's etc. Think it's also used in the Polo Cup car and tuned higher. Yes the DSG and other tech will put some off but DSG has been about since the GTI Mk5 and both the manual and DSG versions seem to hold their value just as well.

I'd expect it to be 50% or more as just sold my 06 plate vRS for half what it was new :)

It was worth that too as offered 47% in part ex, not bad for a 5 year old car.

  • Author

I'd expect it to be 50% or more as just sold my 06 plate vRS for half what it was new :)

It was worth that too as offered 47% in part ex, not bad for a 5 year old car.

I'm in the same boat as you. Got a 56 plate vRS to sell or part ex come September and you're right it's worth about half.

Funny as my dad part/ex'd his 54 plate in late 2007 for an octavia and got £6000 and his was only 3 years old! So they've held value better more recently.

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