Interested to hear your experience: Trade-In values  ,depreciation rates, when liked to the various launch offers etc.(Discount,% finance, free servicing)

 

Cheapest -highish mileage Hatch on Skoda Used website.:http://www.skoda.net.r66.co.uk/carview.aspx?id=604867187

 

£17990 @21000miles

 

Cheapest Estate approx. £18500 @12000 miles.

Edited 5 March, 201511 yr by vrskeith

My experience : Octavia vRS TSI Estate in top condition, with a few minor extras: Purchase Price £20995 ( 0%, 3 years free servicing package ) Sold as a trade-in 12months later @11500 miles for £18500 (Over top offers of many Skoda and VW dealerships.

I was offered £18,200 for my 1 year old 8K mile VRS TSI Manual against the purchase of a new 335i Touring. Bearing in mind that BMW Dealers have £3k-£4 margin to play with on such cars, I thought that it was a shockingly poor offer. They can stuff the 335i, lovely engine, decent leather (unlike the VRS), but too small in the back.

My experience : Octavia vRS TSI Estate in top condition, with a few minor extras: Purchase Price £20995 ( 0%, 3 years free servicing package ) Sold as a trade-in 12months later @11500 miles for £18500 (Over top offers of many Skoda and VW dealerships.

Interesting follow up: My old Octavia was then advertised at £20500 but after approx. 2 months sold for around £18750 about breakeven or slight  loss!  

 

Sept 2013 63 plate.

 

I wonder if the New 230 vRS, on sale at the end of 2015, will have an impact on the 220 TSI residuals soon?

Edited 5 March, 201511 yr by vrskeith

Some reasonable viewings but not many tales to be told yet.

I'm sure there must be other contributions to help develop a picture.

So is it a keeper? or just a big PCP take up - 3 years.

Edited 5 March, 201511 yr by vrskeith

I intend keeping mine at the end of the 3 years (I kept my mk1 VRS hatch for 11 years) so not really bothered about the resale price.

(mind I haven't even got the car yet!)

Interesting follow up: My old Octavia was then advertised at £20500 but after approx. 2 months sold for around £18750 about breakeven or slight  loss!  

 

Sept 2013 63 plate.

 

I wonder if the New 230 vRS, on sale at the end of 2015, will have an impact on the 220 TSI residuals soon?

Did you get a decent discount on your new motor or was the discount added to the trade in price? I'm not changing but last month was considering my options and was offered £11,500 trade in for my Jun 13 150CR Elegance Hatch with 40k on the clock at the time. I paid £20.5k cash for it after receiving £500 deposit contribution, then paid off the SUK finance as it was 6.9% and I borrowed the balance elsewhere for 3.1%. I had no trade in as was opting out of company car scheme. It's list price was £24k including options plus I got free servicing. The price I was offered last month was the true trade price, so I would have been offered 18% discount against a new £25k Superb, so against list price, trade in would have been nearer to £16k.

Did you get a decent discount on your new motor or was the discount added to the trade in price? I'm not changing but last month was considering my options and was offered £11,500 trade in for my Jun 13 150CR Elegance Hatch with 40k on the clock at the time. I paid £20.5k cash for it after receiving £500 deposit contribution, then paid off the SUK finance as it was 6.9% and I borrowed the balance elsewhere for 3.1%. I had no trade in as was opting out of company car scheme. It's list price was £24k including options plus I got free servicing. The price I was offered last month was the true trade price, so I would have been offered 18% discount against a new £25k Superb, so against list price, trade in would have been nearer to £16k.

I achieved approx. 18% discount on the New car I was buying. The trade-in was over £500 more than any other offered and in fact probably more like a £1000 on average.

They wanted to deal, so right place at the right time and a bit of fine tuning in negotiations.

Edited 5 March, 201511 yr by vrskeith

Bought about 3 months ago one Octavia vRS Estate 2013-63 with 17k miles. DSG box, Race Blue, Amundsen Nav, Scotts Paint and Interior Protection and Spare Wheel. 13 months old when purchased, paid £19,000 from a non-franchise garage. Even managed to transfer the service plan and recently had the 20k service done FOC. Faultless car, just one miniscule scuff on one wheel. 2 new Conti tyres on the front and rubber over-mats too. I'm confident that was an absolute steal of a deal.

Sorry the O3 residual values really are nothing at all to write home about, not even for the vRS.

a number of sub 20k cars around now....trade dealers would have only paid 16-17k tops for a 20-21k retailed car.

For my year old 2.0 Elegance I was offered £14250. Paid 23k for it.

IMHO supply has exceeded demand and its becoming rather a victim of its own success...and bloody common at that.

Today I was part of a three car convey...all white Elegance estates, on 63 (mine), one 14 and a 64 plate.

I think you got a good deal vrskeith. 

Just for a laugh I put my 5 day old Elegance reg into WeBuyAnyCar (who I sold my 2007 mark II VRS to 6 days ago and got what I thought was a very good price) and they came back with just under £16k - I nearly fell on the floor!

Sorry the O3 residual values really are nothing at all to write home about, not even for the vRS.

a number of sub 20k cars around now....trade dealers would have only paid 16-17k tops for a 20-21k retailed car.

For my year old 2.0 Elegance I was offered £14250. Paid 23k for it.

IMHO supply has exceeded demand and its becoming rather a victim of its own success...and bloody common at that.

Today I was part of a three car convey...all white Elegance estates, on 63 (mine), one 14 and a 64 plate.

well for a laugh I just emailed my dealer for a p-x quote and price on an identical replacement.  I suspect it will be an unsatisfying response.  However I bought it with the intention of keeping it for may 10 years, and still have that intention.

Just for a laugh I put my 5 day old Elegance reg into WeBuyAnyCar (who I sold my 2007 mark II VRS to 6 days ago and got what I thought was a very good price) and they came back with just under £16k - I nearly fell on the floor!

Scary isnt it!

We're all prepared to do alot of cash on a new car but nearly 40% (in my case) in year one is just ridiculous.

Interestingly Which magazine suggests the O3 ought to retain 43% of its original value after 3 years so I hope it bloody slows considerably now haha

Edited 5 March, 201511 yr by pipsyp

Not seen many Octavia Estate cars for sale in my neck of the woods but a local dealer did have about three of them for sale late last year, all 1.6TD S spec models with metallic paint, maybe ex Skoda cars or suchlike? Think they were asking something like £15000 for them and at that time the cars would have been about a year old. Of course a Skoda dealer would be able to get a decent price (and maybe offer a good trade in price) for a low mileage decent specification version, if that is what you were trading into them as all they will do is play with the numbers on the profit margin of the new car you're buying balancing that with the potential margin on your old car, kind of heads they win and tails you lose!

I would expect the Estate versions to maybe hold their value a bit better than the equivalent Hatch versions and again diesel engines usually hold a bit more of their value than petrol engines although that might not be the case in the not that far away future as there does seem to be a bit of an anti diesel agenda coming out from Government. I think our lot over in Edinburgh seem to be against virtually everything except covering scenic areas in loads of windmills and concrete (allegedly this is a good thing!) adopting the George Orwell novel 1984 as a way of life with full state control over virtually everything including newborn children and all our personal information, with no dissension allowed and promising to spend lots of money we haven't got and would need to borrow in bribes to encourage people to vote for them in the General Election. Maybe time to dig the bike out of the garage!

Although i keep thinking about it (which is why I am looking at this thread) and do quite fancy a new scout, I just cant bring myself to take the depreciation hit, no matter how often the dealership finance manager tells me it is a cost effective option and especially whilst my late mk1 estate with spaceship miles and all the toys continues to perform so well. £350.00 all in for the mot this year including some minor repairs 2 tyres  and a full service!!

Although i keep thinking about it (which is why I am looking at this thread) and do quite fancy a new scout, I just cant bring myself to take the depreciation hit, no matter how often the dealership finance manager tells me it is a cost effective option and especially whilst my late mk1 estate with spaceship miles and all the toys continues to perform so well. £350.00 all in for the mot this year including some minor repairs 2 tyres and a full service!!

Comparatively the O3 is a good deal to buy, particularly on PCP.....so long as you are prepared to hang onto it for at least a couple of years.

If like me you get bored of cars easily and chop and change a fair bit you'll end up with a bit of a shock. Its definitely not a good short term proposition and a bit of a depreciation disaster. Partly I think this is because the O3 has been a big success for Skoda and is becomming a very common sight on UK roads. Actually I think down my way (south coast) i see as many if not more O3's than I do Mk7 Golfs. They seem to literally be everywhere.

I looked on the Skoda used site the other day and I was shocked at the large number of used Mk3 vRSs available

As to what that number means is beyond me

Currently standing at 164 cars under one year old in total between hatch and estate

Supply and demand?? Oversupply surely  means reduced s/h prices?? Just need you lot of enthusiastic PCP'ers to get a few scouts into the system!!!

There are lots of attractive lease deals about at the moment which may affect residuals in a couple of years time when the cars go back to VW Finance.

 

Steve

Just got an answer from the dealer. Skoda PX value for my car now is just over £15500. That's for a tsi 220, hatch, manual, 5500 miles, registered June '14, with sunset glass and service pack but nothing else added.

That first year, in fact those first few seconds,  of ownership are costly.

Just got an answer from the dealer. Skoda PX value for my car now is just over £15500. That's for a tsi 220, hatch, manual, 5500 miles, registered June '14, with sunset glass and service pack but nothing else added.

That first year, in fact those first few seconds,  of ownership are costly.

That is crap.

So what % depreciation ?

I don't understand why this is such a shock. Very very few cars don't depreciate heavily after leaving the showroom. Many posters complain about the high cost of the better specced O3, having often driven the cost down by using Internet brokers to beat down the 'Stealers', the same people they want top dollar from on trade-in. it's simple, it's a business and Skoda is not a luxury brand. My MKII VRS also got poor valuation at the 2 year point. Solution for me was to keep it longer. From talking with owners, previos Jag and BMW 7 and even M3 owners really have had something to complain about. It's not just Skodas.

My GFV is set in stone, if its worth less than that then, I won't be the one crying. Morale of the story is, if you want a new car every 18 months you're gonna have to pay for it.

Not sure what the depreciation % is list was about £23k when I ordered in December 13. It's £25k on the same car. Interestingly I Mentioned the hefty price rise to the dealer and he said they had slightly more margin to pay with now and have me a replacement cost that was only about £200 more than I paid.  I got a very hefty discount through military sales, discount now is bigger still.

My extra cost over trade in would be about £3650 right now.

He also mentioned the discount he could give on the Superb is bigger still, skoda must be clearing out the old ones.  Only one that would remotely interest me right is the 3.6 litre 4x4 and that has a list price of £30.5k basic. No...I rather like my vrs thanks, very happy to stick with him. :clap: