Lovely car customed to our spec but the leasing company won’t extend the lease. 
 

27,000 miles April 2018
230 petrol vrs estate
Corrida red
Extras front and rear beepers
Front and rear heated seats
Electric boot
Good to excellent condition 
Skoda finance will put it in bca auction or sell to me for £20,900

That is very high.
What is likely auction sale price it will achieve? What are bca and other likely selling costs?
Anyone had success in making Skoda finance an offer they accepted?

 

 

whats the WBAC price? auction price anywhere upto £2k lower than that, Skoda finance price doesn't seem to bad to me looking on Autotrader, pester them for a lower price, got to be better for them rather than the cost associated with sending and putting through auction.

WBAC £14705

parkers private: £15675-£17665

parkers dealer: £18430-19050

Maybe slightly different but in October I sold my 2018 245 (the normal VRS one, not the 245 edition) that was pretty well specced up (virtual cockpit, DCC, heated seats, reverse camera and a few others) for £23.3k to arnold clark, it went back up for sale at £26.5k and its gone. I didnt realise 230 extended into 2018 but all you can do is look at what an equivalent would cost you and see how it works out. Factoring in that if it went tomorrow you'd be waiting best part of a year for another new car aswell. I'd be interested how competitive the 20k offer is.

If it was me I'd haggle with intent to buy. 

Consider what it'll cost you to get something you like as much. 

Is it worth paying the extra for a car where you know it's history?

 

I'd haggle with them but if the car hasn't had any issues then the extra could be worth it.

 

Happy deciding. 😀😀👍👍

Sounds like a reasonable price, certainly cheaper than the equivalent on Autotrader. 

Thanks everyone. They said the lease could be extended and now say it can’t. So we didn’t expect to be in this situation.

 

 

Get it bought! I haggled and got around £200 off the initial buy back price which brought it to £17k for a 2018 245 estate (launch edition or however they're described now!). 

 

Unlike a PCP deal, you'll have also paid for each option in full? Be a shame to let the car go...

18 hours ago, ExSEAT said:

I didnt realise 230 extended into 2018

The facelift had 230bhp in normal (or non 245) guise. 

4 minutes ago, Swirly182 said:

The facelift had 230bhp in normal (or non 245) guise. 

Nice bit of info, I thought that it was only the pre face lift model. My 2018 was a 68 plate 245, with the special one being from earlier that year. I had to wait 6 months before the order books opened again so I just assumed they were all 245s that year! 

If you have the cash saved to buy it and you like the car I would say buy it. If you are having to take out a loan to buy it I would think more carefully, as you will be tied into that car and loan for a few more years and you will not be able to change the car without it costing a lot more money.

I would have a look at what else is out there both new and used car. Also bare im mind that given the cost of living is going up drastically and if you are UK based. That means there will be less money for people to change their cars and will be more likely to make do with what they already have. Most places who buy used cars the prices they offer are going down as the new car market is starting to get going aswell.

I check mine every week on wbac and other sites. About 6 weeks ago I was offered £13000 for my 65 plate 86000 miles VRS tdi. Now the same companies are offering me £9750.  I personally would not want to be in that position of buying a used car at the moment given the prices will drop and will be in negative equity for a while.

Edited 3 April, 20224 yr by Ecomatt

Was in this situation earlier last year with my lease Octavia SE Tech Estate, hardy used it for a long time during Covid lockdowns but managed to extend the original two year lease by six months to give me time to work out what to do. Could have bought the car for £14500 last July, which was a bit higher than it would normally have been with used car prices rising from springtime last year. A few months earlier I missed out on a mint SEL Estate car at local dealers on offer for £15500 with extremely low mileage, which kind of put me off buying my car as I could have had that car for around £15000. Dealers offered me a 4 year old high spec Superb Estate with 4 wheel drive, TD etc but highish mileage and solid red colour; they wanted about £18000 for that car, which again I thought was a bit more than it should have been selling for.

 

In the end I chose to take another lease car and the dealers actually bought my old lease car from VW Finance but this time it cost them over £18000, less than six months after I could have bought the same car for £14500. Crazy times, used values are very high just now but who knows how long they will stay like that!