To repair or to trade
Discussion
Hi, I have a Mark 5 Golf GTI and apparently the dual mass flywheel is on its way out and needs replacing at a cost of £600. It's an 06 plate with 75,000 on the clock and we are debating as to trade in for a new car or repair and carry on with this. Is the GTi prone to any further problems that will cost me a lot to repair? We are thinking that whilst it is still desirable now may be the best time to sell it? Would getting a car with £0 road tax and 75mpg be worth the change? Advise needed as we are 50/50!!
grannah said:
Hi, I have a Mark 5 Golf GTI and apparently the dual mass flywheel is on its way out and needs replacing at a cost of £600. It's an 06 plate with 75,000 on the clock and we are debating as to trade in for a new car or repair and carry on with this. Is the GTi prone to any further problems that will cost me a lot to repair? We are thinking that whilst it is still desirable now may be the best time to sell it? Would getting a car with £0 road tax and 75mpg be worth the change? Advise needed as we are 50/50!!
Do the work to the GTIIt will be infinitely cheaper than the cost to change and the subsequent instant depreciation on your new car.
PLUS, the dealer will spot it needs the work done so knock off the £600 + the hassle factor of having to fix it in his price for your car.
Crystal ball time ......... this is a common issue.
If you like it, keep it. You are going through the phase where depreciation gives way to repairs, and in general repairs cost less. With some exceptions.
Your GTi must have cost about £23,000 new, depending on options. I think with wheels, leather and upgraded sat-nav they were about £25,000.
I'm guessing it's gone down by about £18,000, or about £2,250 per year (average). So £600 per year on repairs now doesn't sound too bad. A new one will lose value again.
If you like it, keep it. You are going through the phase where depreciation gives way to repairs, and in general repairs cost less. With some exceptions.
Your GTi must have cost about £23,000 new, depending on options. I think with wheels, leather and upgraded sat-nav they were about £25,000.
I'm guessing it's gone down by about £18,000, or about £2,250 per year (average). So £600 per year on repairs now doesn't sound too bad. A new one will lose value again.
Were also planning a family and we are a one car family with a dog so thinking we would need a bigger boot. I love it so much! Trying to be practical and plan a bit to whether as its still desirable to change it now and get enough money for it or wait until we actually have a kid and then change unless people have experience of a dog and a child in a golf - seen the size of these buggies!
grannah said:
Were also planning a family and we are a one car family with a dog so thinking we would need a bigger boot. I love it so much! Trying to be practical and plan a bit to whether as its still desirable to change it now and get enough money for it or wait until we actually have a kid and then change unless people have experience of a dog and a child in a golf - seen the size of these buggies!
You are going to be at least -£600 either way at the moment.Either you spend the £600 OR the dealer will stiff you on the value of your car to the tune of at least £600 for the repair anyway so you're not "saving" anything by disposing of the car right now.
AND going in with a car in need of significant repair will put you on the back foot in terms of negotiation.
Personally - get the work done and drive on at it. Change the car if / when you need to at some point in the future - and at that point it will be a positive on the car "new flywheel fitted" rather than a negative dragging the value down.
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