What is my Octavia RS worth?

[powerd]

Try a private sale for $18k, maybe?
I reckon thats probably the best you can do. Unfortunate, but thats how it is.

Definitely planning to keep my Octy until it dies.

Thanks guys. It seems the resale might be a bit lower than I expected.

Not really interested in the wait and the time involved in a private sale. I have sold lots of cars and bikes that way but these days, i really don't have the time or patience for it. Plus it is a company car and so I have to pay tax on any book profit. I got it very cheaply 3 and a half years ago, so even at $15k it is still a 50 percent return.

You make a good point Jake - perhaps that's why there is such a big gap between the trade in price and the likely retail - because few were sold around 08-09 the dealer wants as big a margin as possible as insurance, because its onsell price is so uncertain.

BTW, the Surperb is surprisingly cheap so i will do well anyway. But that's how I buy - near new, as cheap as possible then I am protected against big depreciation. And the V6 Superb wagon is a brilliant vehicle for my purposes, and nothing else apart from a volve V70 wagon has that much room.

I'll go and negotiate mmore tomorrow and see where I end up - you've helped my thinking.

Cheers
powerd

[Mysticality]

Good luck!!

I hear the big V6 is simply... Superb.

[space-godzilla]

G'day everyone

Can you give me some advice please.

I am looking to trade my Octavia on a near new Superb V6 wagon. My kids have turned into basketballers and I need more legroom.

My car is a Spint Yellow vRS manual wagon, late 07 build but late 08 compliance. Has done less than 80,000kms, full dealer service history, has Xenons, sunroof and satnav (options from factory). In great condition overall, usual stone chips, everything works and is present as original.

Dealer realised I had Skoda finance and checked payout, so offered that - way too low. Has now come up to equivalent of about $15k which is still too low.

What do yo think its worth as a trade?

Cheers
powerd

I recently sold my 2008 pre-FL RS wagon (diesel, DSG, 45,000 kms, 3-year extended warranty and new Michelins) and I shopped it around as a trade-in to just about every Skoda dealer in the east of the Nullabor. None of the dealers were beating down my door for it and I got values in the range of $15,000-20,000. My gripe on trade-in values is here.

Based upon my experience, $15,000 for a 2007 manual wagon with 80,000 kms sounds pretty good if it's a diesel. If it's petrol, then I think that you are doing even better. I got the feeling that if a Skoda dealer took my car as a trade-in, they were just going to send it to the auctions and had absolutely no interest trying to sell it on their lot as a used car. I figured that the dealer price on my car might be $25,000 so by offering $15,000, they were factoring in a $5,000 profit for themselves and another $5,000 for whichever dealer bought it at the auctions.

In the end, I listed my car on carsales and got $27,000 by selling it privately. The advantage was that I have to sell the car so when a potential buyer showed interest, I just stuck to my price. Getting to $27,000 was a long and arduous process (I don't have time to tell the entire story here) but it can be done. And as other people have said, you have a lot more bargaining power if you walk into the dealership with $27,000 cash in your pocket. But having said that, I have also had very good experiences trading-in other cars. You just have to have a make and model that the salesman wants. But unfortunately, my 2008 Skoda Octavia didn't fall into that category.

If you are in Canberra, you might also want to try allclassifieds.

[K1W1]

Most prices on places like CarSales are nothing but ambit claims. The majority of people who advertise there do so at an inflated price because that is what they think their vehicle is worth. That is the whole reason why they are on CarSales in the first instance, they didn't like the valuation they got from the dealer. Very few vehicles actually get sold at anything like the asking price on CarSales.
As Jake said a vehicle is worth what somebody will pay for it not one cent more or one cent less. A cheque for $15k is real money a "mate who says you will get $20k on CarSales" is totally worthless.

[donweather]

Very few vehicles actually get sold at anything like the asking price on CarSales.

This is utter bull IMO. I have sold all my 2nd hand cars on carsales and they all sold within a week of advertising them and within $300-$500 of what I was asking for. In fact 2 of my cars have sold within 1 day of listing on carsales!!!

[K1W1]

This is utter bull IMO. I have sold all my 2nd hand cars on carsales and they all sold within a week of advertising them and within $300-$500 of what I was asking for. In fact 2 of my cars have sold within 1 day of listing on carsales!!!

You are the exception that proves the rule then. Obviously you had vehicles that were were priced correctly and prepared for sale the fact is that the MAJORITY of vehicles are missing one or both of those ingredients.

[Yao]

2 cars sold on carsales, both sold within 2 weeks of advertising, and not less that $200 off the advertised price on one of them. The other went for the advertised price. I have to admit, both cars were very well maintained and kept very neat and tidy. That's the trick, I think to getting close to what you want for it.

[code618]

I read this thread with interest as my car is pretty much exactly the same. I have a pre-fl car, 07 build, late 08 compliance, petrol wagon rs, yellow with front parking sensors, exceptional condition full service and only 41k on the clock. Same purchase scenario, great price originally.
I was offered 12k 1 year ago from a couple of dealers as a trade when the car had 33k on the clock! I was absolutely stunned. The car is pampered and I am still astounded there are no dints. I just walked from both as the offer was simply insulting. Im still in the car, still enjoy it and am now glad I did not allow myself to get bent over by dealers who were not serious about selling.

[powerd]

Well i went to Sydeny today and bought the car. Up to now negotiations have been done over the phone and so the actual numbers have been theroetical and not based on their valuer seeing the car. So when it came time to do the negitation face to face things got protracted. Really, they didn't want my car and would have preferred i sold it privately. i haven't the time or the need to do that, its acompany car so any sale over book figure of around $9k is subject to tax, I am travelling regularly for the next couple of months and I haven't the time or motivation to detail it. For them, a Skoda, in yellow, and being a manual meant it could sell quickly, or being impossible to shift.

Its a little hard to put a specific figure on it because of the way the numbers are worked. Roughly speaking i bought a a 3000km old Superb V6 wagon in brand new condition for $42k (plus ACT onroads - almost $3k), against a trade-in of a bit more than $13k.. New, it is almost 62k plus onraods.

I am happy with the deal as the V6 wagon is a great car with loads of kit, and i only paid $30k for the vRS 3.5 years ago with the big dollar extras and 7,000kms on the clock. Mind you, I would be pissed off with the resale if I have paid anything like the retail price of $49k originally.

Can't wait to pick it up next wekend.
I

[donweather]

You are the exception that proves the rule then. Obviously you had vehicles that were were priced correctly and prepared for sale the fact is that the MAJORITY of vehicles are missing one or both of those ingredients.

Clearly then I'm an exception 3 times running!!!

I priced my car sale based on the other cars selling on carsales at the time (and checked against redbook), so they couldn't have been underpriced. But as others have said, they were very well kept cars and immaculately detailed at the time of sale. But I'm prepared to do that if I get the car sold quickly and at the price that I think is fair to me.......not giving money to a dealer for no reason.