I might just have hit the jackpot!

I have been offered an interest free loan by my old man!

So a new car maybe in the offing after all, but it depends on the strings!

He wants to know what the residuals are like on the Octavia's are like, now I've read in the motoring press that they're pretty poor, is that/this true?

If so how bad a hit am I likely to take after 2.5-3 years?

My mileages vary from year to year so one year I may clock up 10,000, the next only 7,500 or less.

And I still can't make up my mind whether to go petrol or diesel! :confused:

Your help & advice once again would be appreciated.

Wazza

PS. I think he wants me to have a VW Golf!

Residuals are better than the press would have you believe. I would say no more depriciation than any other brand. You lose 17.5% of a new cars value as soon as you drive off the forcourt.

I think (but I may be corrrected) that the Diesels hold thier value better than petrol and the estates are better than the hatch.

I read before I bought that the vRS petrol had an expected residual of 52%. Can't remember where though.

Checking now What car has it at 42% with the derv at 44%.

If it's true then that's not bad but the golf is up above 50%.

I got 50% on my last 2 Octavias (3 years old). One was a private sale and one as a trade in with a good discount on the price of the new car, so a realistic 50% residual.

Dave.

My mk1 octy was bought at 13k and traded in three years and 82k later for

Don't go purely by percentages - don't forget that its the amount of cold hard cash that you loose on a car. Also, factor in running costs like servicing and the likes over your ownership period and planned mileage. I have a guarenteed future value on my VRS TFSi on the finance plan of

Autoexpress state 51% but don't worry too much about percentages as already said - it's about how much you actually lose. Factor in the fact that the VRs is cheaper to buy in the first place.

As for losing 17.5% driving it off the forecourt I think that that's a myth.

The oil burner is more expensive to buy from new too.

I guess the residual figures (%) quoted above are at 3 yrs.

But what annual (or total) mileage do they assume?

I guess the residual figures (%) quoted above are at 3 yrs.

But what annual (or total) mileage do they assume?

AFAIK its 12k per year on the mileage assumptions. Over and bove that is about

As for losing 17.5% driving it off the forecourt I think that that's a myth.

Surely it can't be a myth - it is what you pay in tax on a new car :confused:

And don't forget residuals are based on paying RRP for the car so you might actually lose less if you get a good deal and then a strong px value

Chris

Surely it can't be a myth - it is what you pay in tax on a new car :confused:

The biggest hit of depreciation is always going to be in the first year but you don't just lose 17% driving it off the forecourt, - it's gradual over 12 months. In the case of the VRs it's 33% over year 1 according to What Car, - therefore circa 17% after 6 months.

If you bought your car for 17k one week and then tried to sell it the next (daft I know but it does happen) you would expect to get more than