MK6 Golf Resale

[alebonau]

Changing jobs, looking at options to transfer my novated lease to the new company, looked up market value, which is what will be transferred across at and nearly chocked in shock !


Car Valuation results: Volkswagen - drive.com.au


VOLKSWAGEN *GOLF*GTi*1K MY10
5D HATCHBACK, 2010, 2.0*lt, 6 SP AUTO DIRECTSHIFT

View valuation details Estimated Valuations:
$29,520 - $36,080*private*sale
$28,000 - $32,800*trade*in
$39,100 - $46,920*dealer*price

What is even more scary if sold second hand you would know you'll be lucky to get glass value either. This for a car only 4 month old ? I thought vw had good resale this is plain cr@p. Mine had a sticker price of 56k !

The irony of it all this actually helps my situation as my new lease will cost me less, and also be able to buy the car cheaper at the end of 3 year lease.

Scary *

[MurphyTheElf]

Most of these estimations are a complete crock. Check out Carsales - there is not a single MK6 on offer for under 40k.

[v0a]

arent those prices based on basic gti's with no options whatsoever

[cameronp]

Most of these estimations are a complete crock. Check out Carsales - there is not a single MK6 on offer for under 40k.

Hell, when I looked a few months ago there weren't even any Mk5 GTIs for under $35k! As the dude in The Castle said, tell 'im hes dreeeaaaming. The prices on there now look a little bit more realistic, but still suggest a really strong resale value for the GTI.

[ratedr]

Ignore redbook... Highly unreliable on reality!

I am currently selling Pug 308 XTE HDi, sticker on road, 52k with all options (I paid 45). Redbook is quoting half that for 2 year old car. In reality, its a rare model in high demand. Only a limited number imported with the spec and therefore, there is a market price well beyond redbook for my car.

Also, from perspective of someone that has used novated leasing before, have you considered just taking out a car loan and claiming through tax? You can vary your regular tax rate down if you are using the car for work/study purposes. That's what I do... Works out better than hassle of doing 25,000kms a year and having to fork out FBT (if using statutory method)... I was worse off for doing it that way. Leasing has you pay a whole lot more interest than a car loan too as you are deferring the principal. Car loan may be slightly higher repayments, but you are cutting interest in half, interest rates are generally lower and when you come to trade, you will come out a lot more favourably. That is better for me and my circumstances, yours will obviously vary.

[pologti18t]

The irony of it all this actually helps my situation as my new lease will cost me less, and also be able to buy the car cheaper at the end of 3 year lease.

You sure about that? Who is taking a bath on the money tied up in the car?

[alebonau]

You sure about that? Who is taking a bath on the money tied up in the car?

From the horses mouth ! Well from the lease manager anyways in the end will come down to what they see as market value. I'm just doing my own due diligence, how much say I have in the matter god only knows !

Re actual resale, as anyone would know what something actually sells for is only ever what anyone is willing to pay for it

As someone who got rid of my previous car 4 months ago, I can tell you the used car market is pretty much shot ! Good luck if anyone is selling. And yeah re car values, options and all that mean Jack, all those expensive options you heap on a car at purchase you never get your money back on.

Ps re buying vs re-leasing will certainly weigh up, part of due diligence. Buying new was no question buying through the company lease was a better way to go, but in re-leasing will certainly re evaluate the options

[JustCruisn]

The valuation is based on an un-optioned car with New Price (standard): $42,990
Top of private sale is almost 84%.

[pologti18t]

Ignore redbook... Highly unreliable on reality!

I am currently selling Pug 308 XTE HDi, sticker on road, 52k with all options (I paid 45). Redbook is quoting half that for 2 year old car. In reality, its a rare model in high demand. Only a limited number imported with the spec and therefore, there is a market price well beyond redbook for my car.
.

Let's us know how much you sell it for eventually.
I am guessing that if that model was really as in demand as you say then you wouldn't have got such a huge discount when you bought it....

[FJ Steve]

Let's us know how much you sell it for eventually.
I am guessing that if that model was really as in demand as you say then you wouldn't have got such a huge discount when you bought it....

Exactly....you can't have it both ways.