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Considering VRS, depreciation concerns?

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What does we buy any car value your car at?

Any better than that dealer?

10p...

 

Lots worse than the dealer - £11,595

 

​and I should mention its perfect condition with not one bump, waxed to death etc so they'd have no problem shifting it on.

Edited by sworrall

Please tell me you didn't pay 44k for a skoda?

Gromle is from Norway, and I think the taxes there are somewhat higher...

Gromle is from Norway, and I think the taxes there are somewhat higher...

Nearly bankrupted me paying for a beer up there let alone a Skoda!

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OP, what prices have you got don to so far?

Now at about £23,700! Which is far more appealing!!! Year old cars, of similar, if not less spec'd, are on average £21k. It's just convincing the Mrs now that I need a new motor...that in itself is the hardest part, as I don't really need a car, I just want one!!!

Sort of linked to this.  Looking to change my 2013 (63)  vRS (manual, petrol, 18k, excellent condition), standard less black design pack, privacy and colour maxi, so have been touring the stealers.  

The PX they are quoting is (IMHO) taking the proverbial and below book.  I have looked on Autotrader today and there are no cars like mine available from my year, the nearest being a 64 DSG model, which has less miles and is from a dealer but is over £18k.

 

Do you think I would have any trouble shifting mine privately (supply and demand) and what would you realistically think of asking/getting?

 

I think you should

 

1) Consider buying freedom and JUST put your car for sale. You've posted the same thing twice across 2 posts now, are you trying to sell your car ?

 

2) Given the recent 2013 sale (but ok with more miles) thread which was also manual+petrol but also upgraded with satnav and sound,

 

I'd say yours is worth no more than £14K but its all relative to what cars are out there and what people are prepared to pay obviously!

Thats not even a deal for a quick sale, if it was I'd suggest maybe £13K ish

 

http://www.wisebuyers.co.uk/index.jsp?guide=prices&page=used_cars&no=3&make=Skoda&model=Octavia+%282013-%29&vip=63549&yearplate=2013%2F63&mileage=18&x=56&y=0

 

But there is a shortage of models at the moment so you could try and take the pee but then also people could also ignore you and just wait for another decent car price deal to come about, like that link !

 

Always better to buy from a dealer, so any car private is got to be AT LEAST £2k less than any equivalent lowest dealers prices. And given the one that just sold from a genuine dealer, you can't be looking for more than that lol

You'll always be in negative equity on a PCP if you try to get out early.

Not necessarily...much as Stu W responded.

I bought a Fabia vRS estate....retail about 18k....I think I paid about 14.5 for it with VAT deal. 18 months down the line I walked away from it and am sure I was given a little cash to put into its replacement.

Its replacement was a Mk2 Octavia vRS Blackline DSG estate.....I banked about a grand out of that and more or less covered my deposit on mk3 after 12 months.

The problem is their retail prices are unrealistic....the VAT deals by and large resolved that and prevented negative equity.

It will shoot Skoda in the feet eventually as people will suffer bad experiences PCPing their vehicles, change them less frequently and perhaps never buy another Skoda becuase of how locked in you become.

Given the experience with the Mk3, I am now very dettered from PCPing another Skoda...the only saving grace for me is that so far my car has been fantastic and not put a foot wrong in nearly two years....and other than the loan costs (which I could frankly do without as I never intended to run it as a 2nd runabout for the wife...was rather forced to by circumstance) it doesnt cost hardly anything to run otherwise. One area the 2.0 TDI 150 is very good.....its quick for a fairly nice but mundane looking car and wager it doesnt cost much if any more than a CitiGo in terms of actual running costs (v frugal, £20 road tax etc).

For those interested in current depreciation stats, my £24k Elegance that I paid £20.5k for on personal loan finance as was an early O3 pre 0% deals, so took a 3% 5yr loan through mortgage provider, currently owe £9.5k as have been over paying with extra funds from business mileage tax relief, dealer offered me £9500 against a stock model S3 or £8250 against a new order for March delivery, so basically, it's currently retaining 40% of list, or 46% of discounted new price and I am at break even point... just but I am effectively paying £22k including interest over 4 years to buy the car outright. Residuals reduce to 34%/40% respectively by next March. Current mileage is 61k and will be 70k by March. If I keep it for 4 years it will have 100k on the clock and be worth £1.50. I'm no worse off than what my S2 company car was costing me so any residual value is a bonus, but as my £24k 2009 S2 with 88k on the clock was still worth £9k at 4 yr old had I bought it from the lease company, I'm disappointed that the O3 is only worth marginally more at 2.5 yrs with 27k less on the clock. Ah well, it's only paper money, and the O3 is not a bad place to sit, just hoped to get into a decent spec S3 for the same monthly outlay but that will have to wait another 12 months or so!

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