After 8 years from new, I'm looking to trade in my Octavia II FL and settled on another VRS despite reaaaaaally like the Superb Sportline - just don't need the extra size.

 

Just looking for advice/experience on what effect the upcoming new plates may have on say a 2nd hand 67 plate? I feel like I should have room to push for a reasonable discount if I purchase now, and if one isn't offered, that  I should wait and see if prices drop soon after new plates are out?

Tbh a lot of dealers leave no room in used car pricing for negotiation. The days of coming in and haggling hard are going and it’s being replaced with cars that are well priced to begin with. As the vRS orders have stopped now and there haven’t been petrol ones on sale for a long while, if you specifically want a petrol one I would find what you’re after and move quickly as they are in demand. If you are paying with finance consider the discounts on new cars in stock as they are discounting diesels particularly heavily to sell them before WLTP so you may end up with a better deal on a new one if you can find the car you like.

Be aware that all cars that do not have the WLTP Approval do not need to be registered now as a 18 Plate because they can not be First Registered after August.

 

Manufacturers / Dealers under the Degrogation Rule can First Register after August some (10% of 2017 Registrations) cars that were built before 1st June 2018.

 

So there might be deals that are worth looking at, but ask questions, when was the 'New Car Built',  because just maybe there will be a Flood or Tidal Wave of non WLTP 

MY19 Cars appearing with a 68 Plate in the UK.

 

If there are 18 Plate / Ex Demonstrators & Pre -Reg Cars sitting without new loving owners by OCT / NOV / DEC maybe 'Cheapness' will be on offer as they get desperate to punt them before 2019 or before new Reg's in March 2019.

Edited 25 August, 20187 yr by Offski

Thanks Sasha & Offski. 

 

Yeah I've seen petrol VRS coming and going quite quickly during my search. I think it also doesn't help being a cash buyer as they can't make anything on top like with finance. Has to be a petrol for me - I don't do the mileage to warrant a diesel. 

 

 

Take the finance and pay it off within 14 days. That has always helped me in the past. Petrol vRSes are much less common than diesels and are holding strong on value especially the earlier ones. There was nearly £5000 between my diesel vRS and the nearest petrol one with a similar spec and mileage.

10 hours ago, SashaGrace said:

Tbh a lot of dealers leave no room in used car pricing for negotiation. The days of coming in and haggling hard are going and it’s being replaced with cars that are well priced to begin with. As the vRS orders have stopped now and there haven’t been petrol ones on sale for a long while, if you specifically want a petrol one I would find what you’re after and move quickly as they are in demand. If you are paying with finance consider the discounts on new cars in stock as they are discounting diesels particularly heavily to sell them before WLTP so you may end up with a better deal on a new one if you can find the car you like.

 

Just this, i bought a 2nd hand vRS today and could only get £90 knocked off their asking price and even that was a battle.......i guess i hacked them off a tad as i didn't require finance  and yeah it was a petrol and had only been up for sale a day and whilst i was in the show room 2 groups of people came in and took the same car for a test drive!!!.

 

Why is petrol in such a high demand all of a sudden?

Edited 25 August, 20187 yr by BlockABoots

The anti diesel rhetoric is driving diesel values down. People who would have bought diesel in the mindset that it was more efficient by default are questioning the choice. Mostly it’s because the government have decided diesel is bad and the whole emissions scandal has aided that decision. I do a lot of miles so I’m just about better off with a diesel but it’s mostly depreciation for me. Mine was so cheap compared to equivalent petrol cars at the time it’s going to make sense for me this time around even if my mileage drops.

8 hours ago, SashaGrace said:

Take the finance and pay it off within 14 days. That has always helped me in the past. Petrol vRSes are much less common than diesels and are holding strong on value especially the earlier ones. There was nearly £5000 between my diesel vRS and the nearest petrol one with a similar spec and mileage.

 

Is getting finance and paying it of so quickly all above board?, are there no penalties for paying the full amount off all in one go and only a short time after taking the finance out?. Wont the dealership who set the finance up get investigated as it would seem strange getting finance and then paying it off almost straight away?

 

I mean the dealership today was pushing for me to get finance and took £200 off the asking price and offered 2 free services but over the course of the 4 years i would end up paying about 3k more than if i bought the car out right. If paying it off almost straight away is completely legal and im in my rights to do so and wont cause any bad blood between myself and the dealership then this could work in my favor to do this rather than paying it out right as im getting the car for cheaper and 2 free services on top!? 

Edited 25 August, 20187 yr by BlockABoots

Yes. There is a 14 day cooling off period and you can settle then at no charge. If you want to pay a months payment to be perfectly sure, then pay that, or pay it off whenever. Once the dealer has sold the finance and got the commission they don’t care anymore.

7 minutes ago, SashaGrace said:

Yes. There is a 14 day cooling off period and you can settle then at no charge. If you want to pay a months payment to be perfectly sure, then pay that, or pay it off whenever. Once the dealer has sold the finance and got the commission they don’t care anymore.

 

Ah ok then, i might as well go that route then, even if i keep it going for 2-3 months im still quids in what with the 2 services and what not. I'll contact them tomorrow and get them to email the T&C just to make sure..........will make them happy as they'll get a pay out also. 

 

They were also offering me GAP insurance also, so if i getting it cheaper i guess i could warrant the extra for this or is GAP insurance really not worth it?

Edited 25 August, 20187 yr by BlockABoots

Gap insurance will almost certainly be significantly cheaper from somewhere like ALA.

5 hours ago, ahenners said:

Gap insurance will almost certainly be significantly cheaper from somewhere like ALA.

Skoda will ask £399 or similar for a gap policy for three years. 

 

I paid £85 for exactly the same from Chris Knott. 

I can't believe how much I got offered for my Octy 3 13plate 72k £9000 felt like crying lol

Don’t worry about the months payment, pay it off within the initial 14 day cooling off period. That’s what it is there for.

10 hours ago, SashaGrace said:

Yes. There is a 14 day cooling off period and you can settle then at no charge. If you want to pay a months payment to be perfectly sure, then pay that, or pay it off whenever. Once the dealer has sold the finance and got the commission they don’t care anymore.

 

Not for an instant disagreeing with this - I know several people who've done just that.

 

There is one thing however nobody has been able to answer with any certainty. Put yourself in the position of the lender and manufacturer  (often two seperate entities).  Say a car costs £23k but take out finance and you're rewarded with £3k off the price + 2yr free servicing + a cuddly toy thrown in. So the buyer decideds to take finance, receive the goodies and end the agreement shorty afterwards.

 

The finance company then pay the dealer £20k. They also give the dealer their commission and pay for 2yr servicing.

 

Buyer then pulls out in within 14days but keeps the discount, servicing and cuddly toy. The financier gets his £20k back and everyone's happy. Now who's paid for that commission, 2yr servicing and £3000 discount?

 

As I say, I'm not disagreeing with the above but what I would question is that when people suggest the same deal isn't available for the cash buyer?  Of course it is. 

 

However that's not the whole story because in most circumstances a cash buyer would be by far better off buying a pre-reg / nearly new car where there's even greater savings to be had. With options my car listed approx £27k, or £22k-23k if I'd bought thru a broker / finance as per above. I bought it 4mth old, 1000 miles on clock for £17750.  It takes some searching but I've rarely ever found a cheaper way of buying a car than using cash.   

 

Edited 26 August, 20187 yr by Guest

If your buying a new Skoda and financing through the dealers then VWFS are paying the commission, subsiding the discount etc. You could conceivably argue the toss for a while to get down to the same cash price but it is much less hassle to take the finance deal and then you have 2 weeks to find a better deal via a loan or settle the balance in cash and it only takes one phone call. Buying nearly new is another matter altogether. A great many people aren’t cash buyers and if you aren’t then I still reckon most people would get a better deal all round buying a new car than nearly new if you consider the PCP subsidies, the APR on new cars vs nearly new etc. If you are a cash buyer or you get an unsecured loan at a good rate then nearly new could be the answer for certain cars. A diesel vRS right now could be a great deal new as they need to get them registered before the end of the month so a good deal could be had.

3 hours ago, SkoctyvRSTDI220 said:

I can't believe how much I got offered for my Octy 3 13plate 72k £9000 felt like crying lol

 

I feel you. I paid £21.5k for my VRS @ 4 months old. 3 years later I'll have said goodbye to at least 10k.

 

The sad truth about car ownership

9 minutes ago, KarlO3V5 said:

 

I feel you. I paid £21.5k for my VRS @ 4 months old. 3 years later I'll have said goodbye to at least 10k.

 

The sad truth about car ownership

Its so bad how much they depreciate, but I suppose it is what it is. Should have gone for the petrol!!!! Damn that engine is sick! 

14 hours ago, SkoctyvRSTDI220 said:

I can't believe how much I got offered for my Octy 3 13plate 72k £9000 felt like crying lol

 

That’s considerably more than the trade-in I’m being offered for a 63 plate car with the same miles!

5 hours ago, Black_Sheep said:

 

That’s considerably more than the trade-in I’m being offered for a 63 plate car with the same miles!

Well the sales man showed me the trade in for my car and was £8750. I was in shock haha. He said because its spotless and he's never seen a TDI with such a clean engine bay he would offer me £9k. 

Trade in value is almost irrelevant anyway. A good trade in value is often propped up by the discount available on the sticker price of the new car.

32 minutes ago, ahenners said:

Trade in value is almost irrelevant anyway. A good trade in value is often propped up by the discount available on the sticker price of the new car.

Exactly this.  It’s the ‘cost to change’ overall that matters. 

 

7 hours ago, Black_Sheep said:

 

That’s considerably more than the trade-in I’m being offered for a 63 plate car with the same miles!

But your "up north" now

We all know the Northerners are tighter than a Nun's chuff

Up North is where people know the value of stuff & used cars can be cheap to buy, hence people 'go north to buy them.

The country is sinking under the weight of used cars and 'Asking Prices' and offers of Trading for something they want to shift and cost to change has nothing to do with what 'Cash Money' you can get for a car which is what 'Selling a car' is all about.

 

Dealerships obviously want a profit selling or leasing a car when new, then when the cars is back in and being sold as used, and then make more profit as they punt you another new car.

 

At every point along the way people are making a living supplying and servicing vehicles and those driving them are the source of the profits and income.

Not rocket science. 

Tony,

 

Car being traded in on South coast...

 

Obviously, cost to change is what counts, and let’s just say the deal is worth the 600 mile round trip...

 

Whilst I appreciate businesses have to make money, as explained by Offski, some urine extraction on the trade in offered for a very clean, good spec, FSH has been applied. I actually thought that £9k was a very good offer for a 13 plate car, considering that I was being offered £12k when the Octy was only 2 years old.

 

PCH/PCP deals flooding the used market have definitely affected used prices, but I have been informed that WLTP is now helping used prices to stabilise.  The only thing concerning me now is the new car will have taken 10-12 months to arrive, which has meant another service/MOT not originally planned and more depreciation than anticipated.