Hi All,

I was wanting to get everyone's views on the how likely the Superb is likely to hold it's value, in January I will be able to pay of my Superb Elegance 170 4x4 estate. The thing is I'm not sure if it's actually worth doing given the amount it may depreciate in the next couple of years.

Having looked at Auto trader they appear to hold their value fairly well at present, there are a few high miler Superb 2's at bargain prices.

My concern is the fact the Mark1 value appears to have tanked, you can pick up an elegance version with around 60 - 80k between 3 - 5k, these cars around around 5 - 6 years old. With the Superb 3 likely to come out in the next couple of years I'm not sure if it's worth paying off.

What are peoples views on this?

Edited 4 August, 201213 yr by Sw1

you are always going to lose money on cars unless you buy a ten year old one.my last car a 4 year old Mercedes 320 v6cdi elegance estate with all the toys 42000 miles full merc service 42 000 cost new. i paid 12.000 where did all the money go its daylight robbery by the car industry.stick with what you have thats the only other way to win.

bill

The Mark1 values tanked because it did not sell very well, demand for secondhand ones is weak and when the new model came out this did not help either. The Mark 2 on the other hand is a far better car, and holds its value really well compared to the MK1 as there is strong demand for them and still a long wait if you want a new one.

IMO summerizing

MK 1 are aa great buy IF

You want a saloon

Research the water ingress issue and find a good one.

Don't buy a 2.0 pd

Get an elegance/Edittion 100 but that is a risk of toys/comfort with more to go wrong if the water gt in

MK2 mostly high mileage on the market but he odd early hatch one coming through at OK prices.

Estates are behind the hatch curve.

What is your alternative? Hand the car back and get suckered into another multi year lease deal on another brand new car that is guaranteed to depreciate at a higher rate than your now 2/3 year old Superb?

Assuming A you have the cash to pay it off, and B the car hasn't been heavily used, I.e starship mileage, then keeping your current car is always going to be the much cheaper option in the long term.

Chris

If you still enjoy it - keep it. I normally keep my cars for at least five to six years so get the best out of them. Depreciation then does not seem such an issue as I am not giving up a perfectly good car for someone else to pick up a bargain! Over the time I own a car I reguarly save a monthly amount in my "car fund" so when I am ready to chance I have the cash available. it's like buying on hire purchase in reverse but I get the interest (what little there is nowadays) rather than the finance company. It's cheaper in the long run.

Yep, all valid points.

Now I've sorted the seating I'm happy with the car, traditionally I've always swapped in cars every 2 - 3years but I'm getting bored of that now and would rather just keep the money in the bank. I've decided I will pay of the Superb in January and then keep it until it's 5 years old.

It ticks all the boxes and has great fuel economy, thanks for the comments everyone