Hi again guys.

My other thread regarding niggles with the new Blackline got a bit hijacked. But an interesting question regarding values was raised.

Am I being stupid, or is the gap between the trade value of a 3 year old VRS/Blackline and the price the dealers are asking for the car about £6000?

Looking on Autotrader, 3 year old FL VRS Tdi's with average miles are selling for around £12/£13k. Are Octavia owners who trade after 3 years, only getting offered around £7000 to trade? (based on the info given in a post in another thread)

If so then the dealers are onto an easy money making scheme! If I was offered around £7500 for mine in 3 years time, and the dealer put the car back onto his forecourt for £13000 I would go loopy. I know dealers need to make money, but that's borderline ridiculous.

Opinions?

Edited 13 November, 201213 yr by Thehulkster

Looking at Dealers & Traders 'Asking Price' means nothing.

THat is what they would like to sell for, but are they getting that,? well yes sometimes, because some people pay asking prices,

Just like somepeople take the offer they get to Trade in.

The country is sinking under the weight on New & used cars.

IMO it is pointless looking at other Deals, it is the deal you can get that matters.

If you can sell private then thats possibly the best deal & then buy cheep & thats your best deal.

Cars advertised for sale are not sold, 'they are still for sale & the price might be too high.

You make your offer & sometimes the seller accepts.

If you can buy cheep

& sell for more & do it all the time, then you to can be a salesman.

george

But dealers ARE selling VRS's mate - for the price they are asking.

My question is what are owners getting offered after 3 years? Is it only £7000? Meaning the dealers are putting around £5000/£6000 across the bonnet of a VRS?

Edited 13 November, 201213 yr by Thehulkster

Its an easy answer, do not deal with them then. That is the business they are in, they are car dealers.

I do not know of any Car dealing Charities, even Motability is a Business.

george

FFSake George. We all know car dealers are not a charity.

Sensible answers please, from Octavia VRS owners who have tried trading after 3 years. Otherwise this post will just be about George teaching us basic lessons in car buying.

I reckon the true value of my Blackline in 3 years will be closer to the £8700 quoted in my pcp plan. Possibly £9000.

Edited 13 November, 201213 yr by Thehulkster

LOL.

You asked for Opinions!

'Sensible questions please'.

We will wait on Derren Brown posting, he will know the future better than most.

He might have bought an Octavia vRS he intends getting rid of in 3 years.

george

No, I would rather wait for an Octavia VRS owner with actual experience of trading a 3 year old FL thanks.

No, I would rather wait for an Octavia VRS owner with actual experience of trading a 3 year old FL thanks.

You've just got the car and now your getting your knickers i a twist over what its value will be in 3 years!

Think you should chillax lol

Seriously tho, IMO main dealers look to make a min of £1k on each car, non franchise slightly less.

Just my past experience..

s

A dealer will always be charging more for a second hand vehicle that an independent garage would be asking - they arguably have bigger overheads to cover, but the quality of the car should be top notch and as it will be an Approved Used the warranty is second to that of a brand new car.

After changing my car three times in 14 months (don't ask, I try not to think about the costs involved) I would say that a main dealer asking £4-5k more on the forecourt than the trade-in price would probably be about right.

At no point when you are buying, selling or running a car for yourself are you going to make money - you will lose money. The PCP plan for me worked out a reasonable deal - I get a brand new car for less than I was paying on my current loan (and get to pay that off), and in 3 years time I will pay £2000 less for the car (which I know the full history of) than the dealer wanted for the 5 year old vRS estate with a lower spec that I do not know the history of that I originally went in to look at.

You've just got the car and now your getting your knickers i a twist over what its value will be in 3 years!

Think you should chillax lol

Seriously tho, IMO main dealers look to make a min of £1k on each car, non franchise slightly less.

Just my past experience..

s

Who's getting their knickers in a twist?

All I'm asking, is a question that was half-argued in another thread. When I saw the GAP Blackline value after 3 years, it made me realise the figure was way off what I would reasonably expect for a car like the VRS. We keep hearing how well certain cars hold their value, we know others don't, but all I know is the Skoda range is constantly being banded around as a genuine quality VAG based car that has good residuals. From what I have seen on here over the past few days, it's not true.

Another thing. What is the normal price for an oil burner VRS? Before the 0% offer? £21500? If after 3 years with careful ownership and average miles a VRS is only worth 35% of what it's original purchase price, then it's not really standing equally alongside the VAG group as we are led to believe.

The flagship model should be doing better than that.

I bought my Blackline in the 0% offer, with plenty of other perks in that deal, which we all now know about. Are we saying that the true REAL new VRS selling price is actually only £17500, NOT £21500, making the residuals a little better to accept % wise? Is the £21500 price tag just a pie in the sky figure, that can then be knocked down in various offers to give the buyer a sense of getting a bargain?

Edited 13 November, 201213 yr by Thehulkster

Nobody has paid full price for a VRS for over 3 years now (ok, maybe some mugs have). The VAT free offer has been consistently on for years; so yes, you are correct, your blackline is not a £22k car for £17.5k- it's a £17.5k car, for £17.5k unless you got a discount.

3 years ago, I paid £18,300 for a new VRS estate Tdi (allegedly worth £22000), with quite a few options, today it would be worth 8-9k trade and would sell for at least £12.5k. My local dealer puts 3k min on everything he touches, unless he's taken some money out of the p/x into the deal for the new car.

The gap between trade and forecourt is gargantuan at the moment.

Remember that in three years time, the Octavia III will have been out a couple of years and a new model nearly always depresses the values of old models. Also, CAP values are nothing more than an estimate made by a group of so called experts, though they must have an impact on PCP residuals.

As an indication, I privately sold my last vRS in 2010 (07, PD estate with 38K miles) for about £10.3K and I owed £8K on it. I think it had been about £20.2K when I bought it, so it lost about 50% of it's value, which I don't reckon is too bad.

Interestingly, our Yeti (170 Elegance) is likley to do much better at resale time (early next year) as the PCP balance is only about £8.3K and yet it should sell for about £13K. This represents a loss of only about 35% or thereabouts over three years, which is pretty well up there with the best for depreciation (Q5 I think).

Yup, sold my Golf G60 in 2008 for 4k when the book price was about half that, and my fully tricked out L&K was just under 18k brand new when the list price was massively more. Having said that, if I'd not shopped around and simply gone to my local dealer instead of going elsewhere and buying a 20 quid train ticket to pick the car up, they gave me a price which was at least another grand on top of what I paid!

Just saying, it's what someone's willing to pay on the day.

I think one of the issues is that people often over value their car, expecting it to be worth far more. I would hazzard a guess most dealers have 2k in a used car and this can either go towards profits or a margin to play with. Having watched a number of VRS's on autotrader it does seem there is no real consistancy to pricing. Most facelifts at the minute start around 12k, with red and yellow being worth slightly less. Mileagedoes seem to have a bigger impact on TSi models.

At the end of the day a car is only worth what someone is prepared to pay for it. My brother is currently looking for a used Ford Focus, there are plenty of them about but dealers are up to their usual tricks in either not returning calls or just failing to work for a deal. They won't knock a penny off the screen price and offer the bare minimum for PX's. He has even done the difficult bit and sold his car, so he just wants to buy another and not px .... used car sales are down and nobody expects £2000 off the screen price but they have the option of reducing there stock value and having a straight forward sale.

Webuyanycar offered me 14K for mine at 1 year old and 10K miles (which it wasn't at the time) was just a hypothetical one based on my car if it was a year old at time. They are well known for beating the price down further for anything they can but Watchdog hammered them for it and reported back since that they had improved vastly. Today at 18 months old and 9500 miles (which again it isnt yet) £11015 hehe still could be handy if I needed fast cash I appreciate the option is there should I be stuck! My bike on the other hand being only a matter of a few months old the bike version of site offers near 50% depreciation lol NO CHANCE!

To try and clear up some confusion (but I might add some extra confusion instead)

The prices which are quoted i *Beleive* are the price a dealer would pay you for the car. It is not necessarily what you would be able to buy one for on the forecourt. The residuals calculator doesnt offer the option to show that unfortunately.

I had a quick look through what the "used" price is now for a blackline and i would honestly take these figures with a very large pinch of sodium chloride...

So a used Blackline with 5K on the clock (62 plate)

Dealer price £19650 (good luck with that!)

Private sale, CAP clean (as you would expect for a 2 month old car) £17200

to be fair I wouldnt worry too much right now about residiuals. You might get run over by a bus tomorrow so itll make no difference in three years time.

Is the £21500 price tag just a pie in the sky figure, that can then be knocked down in various offers to give the buyer a sense of getting a bargain?

I'd say yes. To be fair, car manufactures arent the first people to advertise a super duper discount when in reality you are getting bugger all more than the next person.

Most of us work on the premise "its what you save not what youve spent" so we get sucked in everytime. So to me I saved 5 grand on my blackline (3K VAT, 2K extras) but ofcourse i know i saved bugger all and actually spent 18 grand

I got offered 9k for my then 3yr old TFSI several places. Bottom book was £7200 which Skoda dealer offered me to trade in for a new VRS.

I'd have thought the diesel would be considerably more than than especially now.

Agreed. I look after my cars, and IF I was trading it in three years I would expect around £9/£10k for a well specced, one owner, low mileage performance diesel from the VAG family. Surely?!?

Petrol/performance cars are going to be a luxury I think.

Edited 13 November, 201213 yr by Thehulkster

mine is nearly 2 years old bought new with xenons,dsg,diesel it as 11,500 miles in white and mint I was offered 13,500 against another skoda but declined so going to sell private as there is no finance on it.

Can I ask what you paid for your car buddy?

That seems a very good offer though. Gives us some glimmer of hope!

Edited 13 November, 201213 yr by Thehulkster

Can I ask what you paid for your car buddy?

That seems a very good offer though. Gives us some glimmer of hope!

to be honest I carnt remember but the vat offer was on just been upstairs to find paper work but think its gone in the bin!

I think it was about 24 with the dsg and xenons then there is the vat off but you take the vat off but then add delivery I think.

I only wanted 500 pound more.....they would not budge and so I declined

to be honest I carnt remember but the vat offer was on just been upstairs to find paper work but think its gone in the bin!

I think it was about 24 with the dsg and xenons then there is the vat off but you take the vat off but then add delivery I think.

I only wanted 500 pound more.....they would not budge and so I declined

just been on skoda website £23.495 then I had xenons and rear sunset glass so 24 and a bit......

Agreed. I look after my cars, and IF I was trading it in three years I would expect around £9/£10k for a well specced, one owner, low mileage performance diesel from the VAG family. Surely?!?

Petrol/performance cars are going to be a luxury I think.

This might help you (get a nights sleep) mate....

When I picked up my Blackline I asked about the residuals- sad but true! The dealer said he'd given 10.5 for the 09 plate LT vRS oiler he's got on his forecourt and said he'd give me at least the same in 3 years time should I want to trade it in all things being equal. He was dead keen as in his words low milage vRS oilers are popular and have the strongest residulas across the Octy range. He gave me what 'what car' said was the forecourt price for my 1 year old 1.4 octy and it never appeared on the forecourt so he must have sold it PDQ or already had a buyer waiting. What'll happen in 3 years I don't know but as others say you'll (probably) get more if you sold privately if you can be bothered with the agro. In the meantime enjoy.........

just been on skoda website £23.495 then I had xenons and rear sunset glass so 24 and a bit......

you havent got heated seats have you?im pos looking for a vrs dsg est, petrol or derv in white,silver or blue.but want privacy glass and bum warmers !!