£21000 new 14 month old 6000 miles now worth £ 15000 to trade in for a new Scarla HaHaHa having a laugh

Edited 12 August, 20196 yr by john999boy
Amended title.

@skoda1982

Is the £15,000 trade the same if you wanted a £40,000 plus Kodiak vRS or a £100,000 Bentley?

?

How much do you think your 14 month old Karoq should get as a trade in and how much will the Asking Price be for it when sitting on the Forecourt?

29 minutes ago, Roottootemoot said:

@skoda1982

Is the £15,000 trade the same if you wanted a £40,000 plus Kodiak vRS or a £100,000 Bentley?

?

How much do you think your 14 month old Karoq should get as a trade in and how much will the Asking Price be for it when sitting on the Forecourt?

at that rate i will be worth nothing for it in 3 years

Doubt it, leased it is worth what they valued it at at start of lease, if you bought it and tried selling it anyones guess.

 

The 3 year depreciation in not going to be pro rata to something showing at 14 months.

Wait 6 years and the cars value will be what ever.

After 10 years it might work out as having cost you £2,000 a year.

14 hours ago, skoda1982 said:

£21000 new 14 month old 6000 miles now worth £ 15000 to trade in for a new Scarla HaHaHa having a laugh

Thats a good price compared to My GTI,paid £14900 last December,worth about £9500 now.

We paid a lot for a high spec Spaceback in 2015 and nearly 3 years and 28,600 miles later I was actually surprised it had only lost £10,000. Salesman said it was the high spec which would make it attractive on the forecourt. They put it up for £9,995 which was a £1,395 mark up.

In July 2018 we paid £24,800 for a Karoq SLE 2ltr tdi 4x4 DSG registered in March of that year it had 5500 mls, saved hell of a lot, got a very decent trade in on my Octy Scout DSG and didn't have to wait a long time for a build date.

We are very happy with the car and the dealer Rainworth Skoda. A car is not an investment you are always going to lose money.

48 minutes ago, Gomezz said:

In July 2018 we paid £24,800 for a Karoq SLE 2ltr tdi 4x4 DSG registered in March of that year it had 5500 mls, saved hell of a lot, got a very decent trade in on my Octy Scout DSG and didn't have to wait a long time for a build date.

We are very happy with the car and the dealer Rainworth Skoda. A car is not an investment you are always going to lose money.

If you were lucky enough to buy a Ferrari 250GTO between 1962 and 1964  for its then new price of $18,000 and never sold it you would make a tidy profit today. One sold in June 2018 for a World Record price of $70 million.

Around 1996 as best I can recall I bought a 1984 Mitsubishi Shogun (one of the first) from a main dealer for £7450 including a very generous part exchange on a Suzuki Jeep (again one of the first) that had been rolled and DIY repaired, the oil feed had been starved to the cylinder head and the a couple of cam lobes & followers wrecked & bodgeg by reprofiling by hand with an engineers oilstone, bottom line it was a dog which I would have struggled to sell privately and got a lot less than the trade in, a not unusual story but you pay through the odds for the new car, I think it was £1K over book at the time and had its own skeletons that had been covered up, but they were in short supply.

 

I sold it 2 years later after putting loads of miles on it and having used it in off road competitions, it had got pretty beaten up but with a some cheap Fred in a shed body repairs looked presentable, importantly they were still thin on the ground and in demand.

 

I sold it privately for £7500 making a notional profit of £50 and I would add to that at least a grand on the Jeep trade in.

 

Had company cars for several years after that and when I bought my own cars again I never again spent big money, I would also buy write offs and repair them and drive them for a few years (could put all the repairs through my accounts) so avoiding depreciation, my current car which is better than anything that I ever owned before cost one tenth of the price of the Shogun, its predecessor bought for £3500 and driven for 12 years before scrapping for £100 cost £283 per year in depreciation but some kind soul drove into the back of it resulting in a £2000 insurance pay out for repairs that cost nothing, a kettle of hot water on the bumper and the towbar snatched by a chain on a JCB plus £1500 for whiplash so a free car.

 

I expect this one to give me 10 years and who knows someone might drive into the towbar again.

20 hours ago, skoda1982 said:

£21000 new 14 month old 6000 miles now worth £ 15000 to trade in for a new Scarla HaHaHa having a laugh

 

Average depreciation in year 1 is 20%, then 10% in years 2 and 3.

 

£21,000 to £15,000 is 28%, so exactly as expected.

Most cars, average mileage, excellent condition, FSH will lose 50-60% (from RRP) in three years. Unwanted models such as French, or traditionally difficult to move will lose as much as 70%. Newly launched desirable or fashionable models will initially lose less, very few less than 40%, but that is short term, and these cars soon fall out of fashion or the second hand supply gets plentiful.

Skoda are the fastest depreciators of the VAG brands, VW golfs are perennial favourites and hold their value well in comparison to anything that Skoda can produce.

 

 

5 hours ago, xman said:

Most cars, average mileage, excellent condition, FSH will lose 50-60% (from RRP) in three years. Unwanted models such as French, or traditionally difficult to move will lose as much as 70%. Newly launched desirable or fashionable models will initially lose less, very few less than 40%, but that is short term, and these cars soon fall out of fashion or the second hand supply gets plentiful.

Skoda are the fastest depreciators of the VAG brands, VW golfs are perennial favourites and hold their value well in comparison to anything that Skoda can produce.

 

 

I thought SEAT were the fastest depreciating?

On 08/08/2019 at 09:32, shyVRS245 said:

We paid a lot for a high spec Spaceback in 2015 and nearly 3 years and 28,600 miles later I was actually surprised it had only lost £10,000. Salesman said it was the high spec which would make it attractive on the forecourt. They put it up for £9,995 which was a £1,395 mark up.

That's not bad considering they have to cover overheads and maybe warranty. Part/exed my Yeti a few weeks ago and it was up for sale for £2k. more. 

 

No longer listed, so assume it's been sold, maybe for a bit less than the £9995 advertised for. Someone has got a cracking car. Only sold because we wanted a petrol auto now. 

Edited 9 August, 20196 yr by VAGCF

Mine has Amunsden sat nav family pack towbar prep colour display heated front seats. over £1000 of extras you still get book price of an SE but i bet they sell it for more than a standard SE great re sale 

£21k brand new - 14 months on with 6k miles - £15k trade-in sounds fine to me.

 

Not too sure what people think their cars are worth;  just taking it off a forecourt can loose you a couple of grand and before people start shouting rubbish, I did exactly that.

 

Daughters 66 plate Polo was £14,250 brand new...at almost a week old with a mere 27 miles on the clock, bought it for less than £12.5k cash, from the supplying VW main dealer

Edited 9 August, 20196 yr by Defenderben

2 hours ago, Defenderben said:

£21k brand new - 14 months on with 6k miles - £15k trade-in sounds fine to me.

 

Not too sure what people think their cars are worth;  just taking it off a forecourt can loose you a couple of grand and before people start shouting rubbish, I did exactly that.

 

Daughters 66 plate Polo was £14,250 brand new...at almost a week old with a mere 27 miles on the clock, bought it for less than £12.5k cash, from the supplying VW main dealer

Before even sitting in your newly purchased car you have spent over £4000 VAT so its now only worth £17000 and youve not even started the engine yet!

Edited 9 August, 20196 yr by Breezy

I can never understand why main dealers selling demos etc. ask so much. They obviously don't devalue them as much.

@VAGCF

Because they can and greed.

Nice cheap cars in the first place for them as a Showroom car sometimes, then registered as Demonstrator, or straight to demonstrator status, 

or just a business perk with not many actual potential customers getting to drive them, 

then dealerships fill their boots getting as much as they can punting them.

They never want them to look like they have dropped in value, and they get shot of them anyway one way or another, 

 and the truth being you might as well be a 'Brand New' car with a full 3 years manufacturers warranty that has not been ragged hard maybe for at least 3 months and at least 3 months by various drivers.

Edited 10 August, 20196 yr by Roottootemoot

Karoq SEL might be going in part-ex for a July 2019 Superb Sportline Plus Estate which has delivery mileage (10 miles on the clock) at the end of the month subject to a decent trade-in offer. Superb saving £7,620 off list price (20%).

9 hours ago, VAGCF said:

I can never understand why main dealers selling demos etc. ask so much. They obviously don't devalue them as much.

 

Because they restrict the supply of new cars. 

I bet you can’t walk into any dealer, buy a car from the showroom and have it home by this evening.

 

So consumer is stuck with either waiting, or buying a used (nearly new) car

 

The question should not be why are there so many nearly new cars, but why is it dealers don’t seem to want to sell you a new car unless you are prepared to wait.  What advantage is there buying nearly new and losing all the new car incentives and some of the warranty, if price works out similar.

 

Think about it, if a dealer sells a delivery mileage car for £5k off, are they going to make more money than selling same car new with £5k off.    They will have paid manufacturer same.   The only possible thing is they could get a volume bonus in a specific month (but why they would get it selling to themselves, but not to a customer on same date isn’t clear).

 

Edited 10 August, 20196 yr by SurreyJohn

3 minutes ago, shyVRS245 said:

........subject to a decent trade-in offer. Superb saving £7,620 off list price (20%).

 

I’ll be interested to know what sort of deal you get on Karoq as dealers have a habit of want their cake and eating it whichever way around it’s cut......?

1 minute ago, Berisford said:

 

I’ll be interested to know what sort of deal you get on Karoq as dealers have a habit of want their cake and eating it whichever way around it’s cut......?

Paid £23,500 for it in Jan 2018 now showing 18,000 miles so hoping for £17,500 trade in which would allow them to put it on the forecourt at £18,995 showing a good saving on the new cost of almost £26,000 now in Moon White metallic.

 

1 hour ago, Berisford said:

 

I’ll be interested to know what sort of deal you get on Karoq as dealers have a habit of want their cake and eating it whichever way around it’s cut......?

That is business, they are not there to make friends and supply free coffee  That is why if you are very “aware” of things there is always a deal to be done, it’s striking the right balance, no one on either side wants their pants pulling down.

Edited 10 August, 20196 yr by Defenderben

4 minutes ago, Defenderben said:

 

That is business, they are not there to make friends and supply free coffee  That is why if you are very “aware” of things there is always a deal to be done, it’s striking the right balance, no one on either side wants their pants pulling down.

Nothing wrong with a good spanking.

First year depreciation is always the worst as you have 20% VAT hit that can’t be recovered. Then you have the actual depreciation so around 30% in the first year is about right.  Bit of a mugs game buying a new car and then changing it so soon, add to that financing it too and you’re basically throwing money away