My Kodiaq finance scheme comes to an end in 3 months.

There is a £16k  bubble payment, or hand the keys in and walk away.

 

Do they sell well 2nd hand ?  ... in which case I could buy it and run on a few months before selling.

 

it’s a 2018 Kodiaq Edition ....

 5 seat with Tow bar.

Has the DSG automatic box, and the higher power 190ps engine.

Few extras such as auto tailgate opening & adaptive speed control.

 

 

You’ve left it a bit late, if you thinking of another. You should have been asking your dealer what equity you’d have as a deposit on a new car as it could  take more than 3 months to arrive.

Wouldn't think paying the bubble payment then selling later would be of any benefit. 

I’ve got another year to go on mine, but at the moment I’m thinking of paying the balloon payment and keeping it.

1 hour ago, Kenny R said:

You’ve left it a bit late, if you thinking of another. You should have been asking your dealer what equity you’d have as a deposit on a new car as it could  take more than 3 months to arrive.

Wouldn't think paying the bubble payment then selling later would be of any benefit. 

I’ve got another year to go on mine, but at the moment I’m thinking of paying the balloon payment and keeping it.

My post was about whether to hand keys in or buy the car - no intention of getting a nother.

Car valuation sites on line put in at £22,000    so looks like £4k  of equity

I can't get another as Edition not available any more, and neither is the 190 ps engine .... or a 5 seater than can tow 2.2T

 

Edited 1 January, 20215 yr by Sargan

A five seater 190PS Edition is super rare, I’d be keeping it. 

I'd say there is demand.  That spec is probably the sort I'd be looking for, albeit I'd be keener on a manual.  What's the mileage as that might influence things a bit in terms of future saleability

The car is Apr 2018 ... and currently 29,200 miles

I specifically wanted Automatic as that then updates tow capacity to 2.2T

The manual is too low rated of my needs.

At the time Skoda said only 5 seat variants could have a tow bar (rear suspension configuration) suited me as I only want 5 seat.

 

To be fair the DSG box is amazing, always in the right gear .... multiple modes via the central control.  Also you can set up gearbox and other responses (such as steering firmness) ... and create your own custom mode.

 

I tow a boat on weekends in the Summer, and the Automatic has been brilliant, select 4WD and it pulls up slipway effortlessly, as slow or as quick as you want, no wheel slip at all.

 

Surprising that Skoda have now lost 2.2T by dropping the 190ps engine.

When you say sell the car, do you mean privately? Selling any car at that price privately is going to be ultra tough - you'd have to be very lucky. It would have to be priced well below what a dealer would sell it for and although the Edition is no longer available, with the deals currently available on a brand new SE-L, the sell is going to be harder still.

 

What you want is a guaranteed sale. When you say valuation sites are you talking about lookup tables or have you described your car accurately and received an offer from WeWantAnyCar, WeBuyAnyCar, ArnoldClark, etc.

 

If you can buy your car for £16k and have a guaranteed offer for £22k then obviously it's a no brainer.  However if that's true then I have some words of negativity for you - you paid over the odds for your car in the first place   

I paid way under the Odds when I bought it.

Had dealer ‘best price’.  Then went to CarWow that got me almost £5k off car from the same dealer !
 

The valuation is from 2 different sites for ‘private sale prices’ 

 

As you specifically mentioned... guarateed price, I just put details into “We buy any car”. They give guarateed price of £21,565

 

Which is always going to be less than private sale.

24 minutes ago, Sargan said:

The valuation is from 2 different sites for ‘private sale prices’ 

 

As you specifically mentioned... guarateed price, I just put details into “We buy any car”. They give guarateed price of £21,565

 

Which is always going to be less than private sale.

 

If you can get £21,565 for a car you can buy for £16k then bite their hand off.  I'd defo ask you to try WeWANTanycar and Arnold Clark as in my experience they've given better values that WeBUYanycar.

 

If the auction site is offering £21565 then they'll retail that for around £24k - £25k. ( that's retail, the dealer may entertain a lower bid ).  I can only speak for myself, but if I'm paying that sort of money, I want dealer facilites and guarantees, I certainly do not want to pay £22k with no legal comeback rights. Most buyers require credit facilities so just like when you bought the car, Skoda dealers are offering easy PCP deals which include 2 services on used cars for £99. If selling privately, thats hard to compete against.

 

Regarding the price you paid, if the GFV was higher you wouldn't have required to fork out as much each month - that's what I mean by you've paid too much over the past 3yr. 

Edited 2 January, 20215 yr by Guest

Never had any car where GFV is correct

JEEP were bad and BMW were awful.

 

 

My last car I just handed back - as used price was less than GFV   .... they then tried to say car was below GFV, knocking £500 down as there was corossion on alloy wheels .....  I was lucky had an extra years warranty do told them to go change the alloys themselves -  guess its normal that they try to pay you back less.

What you think is fair wear & tear on 3 yr old car 35,000 mile car .... is irrevevant they expect car to be in almost perfect condition.

 

 

7 hours ago, Sargan said:

and the Automatic has been brilliant, select 4WD and it pulls up slipway effortlessly, 

 

How do you select 4WD?

 

There is a 4WD button to left of the gear shift lever , switches to 4WD, diff lock, changes display to incline, etc.

Edited 2 January, 20215 yr by Sargan

23 hours ago, Sargan said:

 

I can't get another as Edition not available any more, and neither is the 190 ps engine .... or a 5 seater than can tow 2.2T

 

Apparently there still is a 5 seater available that can tow 2300/2500kg But is only available in SE trim and has the 2.0 150 engine with DSG and is 4x4.

Also not much help to you, but the new 2.0 tdi 200HP engine seems to filtering its way into the lineup, but none with the towing capacity you required.

Edited 2 January, 20215 yr by Kenny R

9 hours ago, Scot5 said:

 

If you can buy your car for £16k and have a guaranteed offer for £22k then obviously it's a no brainer.  However if that's true then I have some words of negativity for you - you paid over the odds for your car in the first place   

Surely this just means the value (after x months) was set low, got nothing to do with how much the list price was haggled.

 

Could be that being paying more each month, there is logic in having equity assuming you are not intending to give up driving at the end of your deal.  Who wants a choice of no car, and no deposit for next vehicle, especially if you put in a deposit for this one.

 

By the way it sounds a sought after spec, if I was Op I would keep it if he/she likes it

 

Not really, the GFV figure was set before I got the 5k off the price.

I don’t think that is a bad deal.

 

I wont be getting another Kodiaq ... as can’t get a 5 door that will tow 2.2T.

I am considering buying, run it on for a few months then sell  .. in parallel I’m going to buy a 10 -12yr old 4x4 just for towing, with intention of keeping for as long as I need to tow.

 

Upgrade wife’s compact to a midsize and that will be main car.

 

 

Edited 2 January, 20215 yr by Sargan