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Thread: Octavia - Poor resale

  1. #11
    Join Date
    Jul 2011
    Location
    New South Wales
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    178
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    Quote Originally Posted by BlackOctaviaRS View Post
    I'm getting shocking resale values for my 147TSI Jetta, and it's only 14 months old, so I'm hanging on to it for a while yet. What did you get for yours after 3 1/2 years?
    He got what the insurance company paid him - not really a true indicator of resale is it Anthony?

  2. #12
    Join Date
    Jan 2010
    Location
    Bathurst, NSW
    Posts
    542
    I don't agree with such a low figure, a quick look on carsales shows the dealers aren't taking that sort of hit on 2 year old stock. If you are trading in, having a good idea of what the dealer is selling it for down the line makes a big difference.

    I can agree that it might be lower than the norm. It is a good point that most Octavias didn't sell for retail. I got 10% off with little arm twisting. As such, I'd obviously have a lower amount to pay out the lease compared to the retail amount used to calculate their figure. This is where VW are doing Skoda no favours at all. If there's such a large margin, take it off the retail so you a) sell more, but b) don't devalue the brand down the line for your customers.

    That all said, if you can pickup a $45k octavia for $20k after 3 years, it is a bloody bargain!

  3. #13
    Join Date
    Nov 2009
    Location
    Illawarra NSW
    Posts
    568
    There you go. If you got 10 % off to start with and they are saying that the retained value after 3 years is 42 %, the retained value now becomes close enough to 52 % after 3 years, better than the Commodore Omega at 51.3 % and much better than the Falcon XT at 37.3 %. Most dealers were selling XR6s at $37990 drive away yet the list price used to work out these figures is $42990.
    2014 MY14 Corrida Red Elegance Wagon TDI
    2009 MY10 Race Blue RS Wagon TSI 6 sp. manual. (Gone)
    2011 MY12 Yeti 77 TSI DSG.

  4. #14
    Join Date
    Dec 2007
    Location
    GLENHUNTLEY,VICTORIA
    Posts
    1,938
    Quote Originally Posted by aware View Post
    He got what the insurance company paid him - not really a true indicator of resale is it Anthony?
    I paid $35900 drive away,and I got $25000 back,which was what insurance paid as the going price for that car at the time.

    I was thrilled,as got 70 percent back,or lost only 30 percent over 42 months and 56000 kilometers.

    That is good enough reason for me to buy another VW product in the future...

  5. #15
    Join Date
    Oct 2008
    Location
    Melbourne
    Posts
    2,729
    I was surprised to find that the racv market value for my rs hatch which is over 3yrs old was 23k, I paid 36k so happy with that. I think it will depend in which Octavia you own as well, the rs are by far the majority but there is nearly a 15k gap between them and the base model so hard to determine depreciation on such a wide range. I'd also bet the RS' sell better, probably the wagon moreso.

  6. #16
    Join Date
    Jun 2011
    Location
    QLD
    Posts
    347

    Quote Originally Posted by anthony View Post
    I paid $35900 drive away,and I got $25000 back,which was what insurance paid as the going price for that car at the time.

    I was thrilled,as got 70 percent back,or lost only 30 percent over 42 months and 56000 kilometers.

    That is good enough reason for me to buy another VW product in the future...
    Insurance company usually overestimate the market value so that you will have to pay a higher premium. Couple of years ago I bought a 3 year old Rover 75 for $35000. Lots of insurance company refuse to insure me because that price was well below their market value, and they believe it was a gray import. I told them I got from an authorized Rover dealer but they wouldn't believe me. Only one insurance company was willing to insure me at the time.

    It just shows how unreliable insurance company's market value is. Dont count on it. It is better to write off your car then try to sell it. That said, it's not that easy to write off a car and insurance will do all they can to fix the car! (that is, if you get approved by the insurance company)

    That said, I don't think Octavia's resale is as bad as 42% in 3 years. Recently I saw a few baseline 90TSi with DSG selling for $24985 drive away. Being a base model, they should be the one that retain the least value. So if it really only worth 42% in 3 years, it will be $10494! Now, give me a 3 year old Octavia with DSG (of course, assuming in good condition and reasonable mileage) for around $10500, I'll buy it any day!

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