Second hand values of golf R

Second hand values of golf R

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Discussion

mikeouk

Original Poster:

100 posts

183 months

Wednesday 4th March 2015
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Values seem to be high at the moment but just wondering what effect will be when end of lease vehicles start appearing on the market?

foreverfalling

527 posts

164 months

Thursday 5th March 2015
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I'm hoping it will destroy them!

I have a lease R golf and when my lease is up I would love to buy one smile

Andy OH

1,903 posts

249 months

Thursday 5th March 2015
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I'm also hoping the many lease vehicles coming onto the market, probably early next year, will destroy the second hand values as that's when I'll buy one.

Crafty_

13,248 posts

199 months

Thursday 5th March 2015
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Used/ex demo cars are going for near on new prices, even near list at the moment because of long delivery times (6 months not uncommon).

When the lease cars appear on the market I reckon there will be a price correction. But, if the manufacturing issues are not resolved lead times will still be long, the car is proving popular and will continue to be.

So I'm dubious that a "collapse" would happen. I think in 12 months a poverty spec car will be low 20s (keep in mind a new one is availbable for 27k now). High spec cars will be 25+.

The cynic in me suggests the VW may not be too bothered about speeding up delivery times to help regulate the number of cars out there. They have a reputation of good residuals to protect.

The car is certainly attracting lots of attention, several owners on VWROC have been relieved of their keys in the middle of the night recently.

There seems to be some disparity between new prices and used with some cars at the moment - M135i prices are all over the place too, as it is at the moment it looks like you can get a new facelift for obi a very small amount more than a 18-24 month old car

mikeouk

Original Poster:

100 posts

183 months

Thursday 5th March 2015
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Crafty_ said:
Used/ex demo cars are going for near on new prices, even near list at the moment because of long delivery times (6 months not uncommon).

When the lease cars appear on the market I reckon there will be a price correction. But, if the manufacturing issues are not resolved lead times will still be long, the car is proving popular and will continue to be.

So I'm dubious that a "collapse" would happen. I think in 12 months a poverty spec car will be low 20s (keep in mind a new one is availbable for 27k now). High spec cars will be 25+.

The cynic in me suggests the VW may not be too bothered about speeding up delivery times to help regulate the number of cars out there. They have a reputation of good residuals to protect.

The car is certainly attracting lots of attention, several owners on VWROC have been relieved of their keys in the middle of the night recently.

There seems to be some disparity between new prices and used with some cars at the moment - M135i prices are all over the place too, as it is at the moment it looks like you can get a new facelift for obi a very small amount more than a 18-24 month old car
Yeh this makes sense. Not in a position to change my car until end of year, so hopefully there will be more choice at realistic prices then.

silentbrown

8,793 posts

115 months

Thursday 5th March 2015
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Not entirely sure why, but I think prices for decent spec cars will stay bouyant. Demand is high, waiting lists still seem long, there's the manufacturing problems mentioned - and I most of the lease cars will be base spec, or thereabouts.

Dr G

15,159 posts

241 months

Thursday 5th March 2015
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I agree, anything with nav, leather, heated seats etc. is going to attract a decent premium in a market full of base models.

RGambo

847 posts

168 months

Thursday 5th March 2015
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A friend of my has just got himself into one of these. I was very happy to have a go the other day. What a cracking little car! very impressed. It's got plenty of real world go, handles well and is a nice place to sit.
even after driving my RS6 then straight into it, it still felt special. I think Mrs, G would love one of those yes

Crafty_

13,248 posts

199 months

Thursday 5th March 2015
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I agree that spec cars will attract a premium. Leather because IMHO the stock interior is a bit cheap. The seat material reminds me of a mk3 cavalier sri from the 90s. It looks and feels the same. The white bits look a bit naff and will get grubby I suspect.
Leather is a £1700 option, which is almost criminal, I did read that most of it is actually vinyl with only the seat bases being leather. Not sure if true.

The other one is the optional wheel - the 18s look like a cheap aftermarket wheel. The optional ones are 19" and £900.

I'd prefer an 18" With the design of the 19".

Just these two options and metallic paint are over 3k. or another 10% on list. Most leasers won't bother but people buying used will be more fussy.

all this, the long lead times, thefts and owner reports of being underwhelmed put me off the car.
I'm trying to weigh up going for new now, waiting a year and seeing what prices do or going the M135i route.

At the moment the beemer is winning the argument, better equipped, more power, great sound from the six and cheaper. A broker has them listed at 25.8k for the new facelift and have seen a dealer offering the same on PCP. Sadly not 4wd but potentially more fun?

I did start out with a 20k budget but am struggling to find anything that piques my interest, so budget creep is setting in ! frown

Lucas Ayde

3,541 posts

167 months

Thursday 5th March 2015
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As all the 2-year lease cars start to come on to the market 12 months from now, secondhand prices should drop considerably simply due to a supply glut.

I don't buy that prices will stay high because of lead times. A 2-year old car isn't really going to take the place of a brand new car for an impatient would-be buyer.

Personally, the car is such good value new (compared to other new cars of similar capability) that I don't mind waiting for a new one. But it is a bit worrying that the residuals will probably plummet in a year's time. Then again, I'd be planning to keep the car for 5 years.

About the only thing that disappoints about this car is the interior. The prices to spec leather are ludicrous and there should be an in-between leather/alcantara option too. However, VW seem to be shifting cars as fast as they can churn them out so I doubt they'll be in too much of a hurry to change the formula.

silentbrown

8,793 posts

115 months

Thursday 5th March 2015
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Lucas Ayde said:
A 2-year old car isn't really going to take the place of a brand new car for an impatient would-be buyer.
No, but it ripples down: If the market for new is strong, them 'nearly new' will also be strong. and if 'nearly new' is strong, that in turn helps bolster the price of 2 year old cars. If new cars were being heavily discounted (or ridiculous leasing deals were still available) that would hurt the price of secondhand cars significantly.

Crafty_

13,248 posts

199 months

Thursday 5th March 2015
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Yes lease cars will appear next year but given the popularity now I can see them being desirable and dropping to sub 25k will open up a whole other bunch of potential owners. I can see dealers having waiting lists for used cars and them never appearing on a forecourt.


Not sure it is great value really, as you say the interior is poor for a 30k car. Alcantara is even more than leather I think!
The front needs something more to it, its too plain. I don't mean max power, new civic just something a little different to make it stand out. As it is the gti is more distinctive.

I need to drive one but bit concerned with performance. At only 300hp and 280lb/ft and dulled by 4wd combined with the "restraint" Golfs have it might be a bit lacking in the fun stakes. My current car is over 300lb/ft, not too far behind on power and has a great torque plot, its right through the rev range. I think the golf might be a bit too reserved - entirely capable but reserved. Have seen comments to this effect too. Golfs I have driven before are exactly like this, good but uninvolving.

The big plus is 4wd. 12 years on and I still miss my cavalier turbo!


Also at the end of the day is a golf. I'm seeing the bmw as being a bit classier.
probably my perception! Shocked to be considering a BMW, wouldn't believe it a few years ago but there it is.

if the golf popularity continues it will be become the chav chariot of dreams. I've already seen several with the sump scraping the floor with super stretched tyres over wide rims look. Devalues it IMHO And it'll only get worse as the brand has that following.

The modded BMWs I've seen have been done for track work, lsd, sway bars, coil overs etc. The only missing bit is the xdrive That they get in Europe.

either way I'm not modding again, current car is so I'm not anti it, just finally starting to grow up a bit!

foreverfalling

527 posts

164 months

Thursday 5th March 2015
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Crafty. Just try drive one of you can.

I was not as excited as I thought I would be but thought it was a great price on lease.
I was bowled over when I got mine. It's so much better than I thought and still feels fun when you want it to.
It's a great package.

There's a reason it's getting all this good press imo and not just from lazy reporters- some of the better car journalists out there too.

Crafty_

13,248 posts

199 months

Thursday 5th March 2015
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I am endeavoring to find one to drive. If nothing else you need a yardstick to compare other cars to.

As I said, I'm having to justify the (ever creeping) budget to myself. That itself may rule the R out.

Just wish this car buying malarkey was easier!


Little Lofty

3,275 posts

150 months

Thursday 5th March 2015
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I think I'll try and sell mine in the autumn before the lease cars hit the market early 2016. Hopefully prices will still be strong, if not I'll keep it another year as the 2 year GFV is stupidly high so I'll just hand it back to the dealer.

georgefreeman

214 posts

112 months

Thursday 5th March 2015
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I've ordered quite a high spec golf R in the hope that it will retain its value.

Hopefully keeping it for a good numbers of years but I am concerned at used prices due to the high number of lease.

Lucas Ayde

3,541 posts

167 months

Friday 6th March 2015
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silentbrown said:
No, but it ripples down: If the market for new is strong, them 'nearly new' will also be strong. and if 'nearly new' is strong, that in turn helps bolster the price of 2 year old cars. If new cars were being heavily discounted (or ridiculous leasing deals were still available) that would hurt the price of secondhand cars significantly.
It goes both ways. Currently there is strong demand for the new car (especially due to leasing deals) and the oldest model you can buy s/h is going to be about 1 y.o. which falls into 'nearly new' meaning the value gets a boost from people not wanting to wait for new builds.

In a year's time, there will be an absolute mass of 2 y.o. ex-lease vehicles coming on the market in a steady stream. Whatever way you look at it, that will lead to lowered s/h values all the way up as there will suddenly be a massive increase in the availability of 2 y.o. cars.

Crafty_

13,248 posts

199 months

Friday 6th March 2015
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Yeah lots of lease cars will be about, but when they drop under 25k I think there will be lots of people who wouldn't buy/lease new that will go for one, quite possibly they are saving right now in anticipation.

As I said, I don't think they will collapse. I do not think they will hold like the Mk6 prices did though.

I posted this on the lease thread, but for those interested:

For anyone who is looking/waiting pixelpeeps videos (Edit: on the lease thread) sound exactly like being in the car. I've just driven one this afternoon.

When on the gas its loud but not old-style-impreza-with-an-aftermarket-exhaust-I-can't-fecking-hear anything-else-loud. The other modes are indeed quiet.

Pedal map, even in race was fine.

I'm not totally sure how much is being made by the soundaktor thingy. I'd like to hear one with that turned off.

Overall it drives pretty much as I thought it would when you nail it. The needle moves round the speedo with a very pleasing velocity, it doesn't feel anything like that fast though.
Seemed that the steering wheel was too low but I would probably get used to it, visibility good.
The leather interior looks nice and should be much cheaper or preferably base spec, the cloth interior is poor imho and the material on the seat bases reminds me of a mk3 cavalier, it looks and feels almost identical.

I didn't realise how prominent the radar thingy in the bumper was, its a bit ugly to be honest. An aftermarket company needs to look at making some guards for the apertures for the intercoolers, they look rather exposed and the car I drove had all sorts stuck in the core already.

The one I drove was lapiz and horrifically swirled already, for the money being asked that is not acceptable in any way, it needed a full correction. Its much darker than it looks in pictures - more like BMW interlagos blue than sirrocco rising blue.
There was a limestone grey one awaiting prep in the car park - without doubt the colour to go for, its a heavy metallic and really pops in the sun.

M135i tomorrow!

foreverfalling

527 posts

164 months

Friday 6th March 2015
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What did you rate it out of 10 crafty?

Mines the lsg. Love it smile

ilduce

485 posts

126 months

Friday 6th March 2015
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Dr G said:
I agree, anything with nav, leather, heated seats etc. is going to attract a decent premium in a market full of base models.
No. Not compared to the original price paid for the extras. You might get 10% of the extras price when you come to sell and it might sell faster than a poverty spec but don't think you'll be laughing on the way to the bank. I've heard rumours of a GFV of about 17k after 2 years.