We Buy Any Car Valuation, Surely Not?.....

[LosingGrip]

Just got an email saying my valuation had increased.

£9,150.

Few months ago it was £7,500.

VW Golf TDI. 2014. Just under 52,000 miles.

Paid £12,000 for it in April 2019 with 18,000 miles.

I’m tempted to sell and get a shed for a bit

[Silenoz]

I sold a 21 plate Toyota Yaris that I bought new in March for £200 more than I'd paid for it, so 5 months and 5.5k miles for free. It's replacement, a 21 plate Seat Ibiza, is currently showing as being £1300 more than I paid for it a month ago. I'd cash in again, but there isn't much out there for a replacement daily that meets the car allowance criteria.

[Ursicles]

Sold my Vantage to them on Friday... offered me £700 less than i paid 2yrs ago, and £3.5k more than the aston dealer. Shame to see it go, but warranty was due for renewal the day after at £2k, so made sense for me, esp as i rarely used it.

Mad thing is i wanted £40k for it November last yr, and couldnt find a buyer.

Was actually a really quick and easy process, and cleared the finance on it right away and balance transferred to me tomorrow.

[jonwm]

I told my sister about this boom so we put her 68 plate Dacia Duster in yesterday, she paid £13200 brand new in 2018, its done 11k miles and they are offering £12,400 absolutely bonkers!

£800 for 3 years motoring in a Dacia!!

If she could manage with one car they would sack it off but to buy something again is obviously more.

[anxious_ant]

Yup, low miles new-ish used cars are certainly in demand.

I find 2-3 year old cars with under 10k miles to be the sweet spot.

[gotoPzero]

Prices on the up again for sure I was looking over the weekend and a lot of the stuff I am looking at has gone up 2-3% in the last couple of weeks.

Its getting to the point where a 2 year old car is closing in on retail for a new car. Given most new cars have a 3 year warranty its madness to me to buy used at that kind of money. I am just hoping things calm down again next year but I am starting to think its going to be a while longer than that.

[bennno]

jonwm said:

I told my sister about this boom so we put her 68 plate Dacia Duster in yesterday, she paid £13200 brand new in 2018, its done 11k miles and they are offering £12,400 absolutely bonkers!

£800 for 3 years motoring in a Dacia!!

If she could manage with one car they would sack it off but to buy something again is obviously more.

I’d want more than £800 to drive one of those

[DSLiverpool]

I’ve had an amazing experience flogging the wife’s kid taxi.

See the video on Tiktok if you wish #dsliverpool

2017 67 29k qashqai 1.2 petrol auto n-tec with cameras and glass roof - cat nip spec.
“Help” scratched into the passenger seat back, “mum” onto the passenger dash - ffs !

2 scuffed alloys
Rear corner scuff
Windscreen scratched with a stone (kids)
Loose stitching on armrest
Seats biological hazards but disguised with dampening.

Three quotes without divulging damage of
£14450 AT
£14500 WBAC
£16450 Motorway

Went with motorway, divulged the damage lost £150
It went to bids and we got 16,750 !!!
Arnold Clark

I expected to be chipped down on handover but no - full price paid.

Got equity in 3 days, paying off finance is approx 10 days.

[MuscleSedan]

Had a couple of vehicles at auction again last week. Both did well - one made close to £2k over WBAC, purchased by a main dealer who I guess will put another £3k on it to retail it.

[jonwm]

bennno said:

jonwm said:

I told my sister about this boom so we put her 68 plate Dacia Duster in yesterday, she paid £13200 brand new in 2018, its done 11k miles and they are offering £12,400 absolutely bonkers!

£800 for 3 years motoring in a Dacia!!

If she could manage with one car they would sack it off but to buy something again is obviously more.

I’d want more than £800 to drive one of those

Its not the best I wont lie, they like it though

[skinnyman]

Prices just keep on going up, I'm waiting for the opportune moment to sell my Golf.

2018 Golf GTI PP
22k miles

Offers have gone from £18k back in Jan, to £25k last week. I can't not sell it at these ridiculous prices, guess I'll just have to potter around in a sub £2k and wait for this all to blow over.

[JS2808]

Sold my partners TT to WBAC last week. Paid 18.8 in September 2020 from an Audi main dealer, sold it for 18.8 with 10k more miles.

Selling process was very easy, car was pretty much immaculate bar the kerbed alloy, which the guy did notice but said he would ignore. Knocked off £150 ish for 5 small stone chips on the front end.

Easiest car sale to date.

[Trevor555]

skinnyman said:

Prices just keep on going up, I'm waiting for the opportune moment to sell my Golf.

2018 Golf GTI PP
22k miles

Offers have gone from £18k back in Jan, to £25k last week. I can't not sell it at these ridiculous prices, guess I'll just have to potter around in a sub £2k and wait for this all to blow over.

Has it gone up much this last month?

I'm wondering if I sold my wife's car too early?

But then, I was very happy with what we sold it for.

[sam greenock]

Stuck my Oct 2020 Defender 110 HSE ( with a fair few extras) and only 4000miles into WBAC. They came back with £64500. Which is £2500 more than I paid for it.

Dealership have told me they'll likely give more than that, depending obviously on what I would replace it with - problem is nothing much is available that suits our somewhat particular needs and we can't be ersed going through all the hassle of test drives and smarmy sales folks at landrover competitors again

[MattyD803]

I note one of the VW guys I follow on Twitter has posted up some details from the latest Drivethedeal offerings....

Brand spanker VW Golf 8 GTi DSG - £30,366.....(15% off list)

As it stands right now, there are over 20 Mk7.5 cars with 5k-15k miles on the clock on Autotrader listed for MORE than a brand new car, let alone an absolute shed load more at £29k plus.

I appreciate the lead time on the new ones but wow.....what a situation.....in this example, surely once production & delivery of the 8's ramps back up, the value of the 7.5's (then without warranty and "old tech") will fall through the floor?

Edited by MattyD803 on Monday 13th September 11:13

[Theoldguard]

MattyD803 said:

I note one of the VW guys I follow on Twitter has posted up some details from the latest Drivethedeal offerings....

Brand spanker VW Golf 8 GTi DSG - £30,366.....(15% off list)

As it stands right now, there are over 20 Mk7.5 cars with 5k-15k miles on the clock on Autotrader listed for MORE than a brand new car, let alone an absolute shed load more at £29k plus.

I appreciate the lead time on the new ones but wow.....what a situation.....in this example, surely once production & delivery of the 8's ramps back up, the value of the 7.5's (then without warranty and "old tech") will fall through the floor?

Edited by MattyD803 on Monday 13th September 11:13

I understand people here quoting genuine increasing WBAC et al prices but it was the first time in a while that I have seen adverts on AT with reduced prices which do seem genuine against the advertised prices of the last couple of weeks ago, maybe new stock coming through from the plate change.

Also new vehicle being listed on AT don't seem to be x £ above the last very similar one listed, get that kind of feeling we are getting close to a ceiling even if it's temporary as the summer boom fades away.

I don't get to see auction prices so not sure what is going on there but from previous experience the run up to Christmas and the first few months of the new year are normally quieter for the car market (but this is not a normal market at the mo), the poorer / colder weather / darker evenings tends to put those casual buyers off looking at replacing their current motors.

If I recall it was around March / April this year when prices really started to rise, next March when demand should in theory begin to pick up again I would like to think we will not see a repeat of the silly prices. The new car market should be in a better position to meet the demands unlike it was this year with chip shortages and general production issues having just come out of lockdowns etc, unless things take a turn for the worse during winter then most restrictions in Europe and advanced economies would have been lifted for many months. Supply chains should improve quicker in the months ahead and production increased to fulfil orders, while at the same time we should sew a number of quieter months ahead where demand is likely to drop off in the used market.

As you have pointed out, drive the deal are still offering 20% discount on a number of new vehicles, by comparison it does make used vehicles of a year or 2 old look rather expensive, so it's inevitable once production gets back to a kind of normality a re adjustment of the used market will be seen as normal business resumes.

Edited by Theoldguard on Monday 13th September 11:46

[Blanchimont]

Mrs car was worth £11k back in Jan last year.

Saturday she got £16500 for it, at the local Nissan dealer, against a new Qashqai, due December.

She lost £495 in 2 years, and 10,000 miles.
Even accounting 2 tyres and 2 services, she lost less than £1300.

[skinnyman]

MattyD803 said:

I note one of the VW guys I follow on Twitter has posted up some details from the latest Drivethedeal offerings....

Brand spanker VW Golf 8 GTi DSG - £30,366.....(15% off list)

As it stands right now, there are over 20 Mk7.5 cars with 5k-15k miles on the clock on Autotrader listed for MORE than a brand new car, let alone an absolute shed load more at £29k plus.

I appreciate the lead time on the new ones but wow.....what a situation.....in this example, surely once production & delivery of the 8's ramps back up, the value of the 7.5's (then without warranty and "old tech") will fall through the floor?

Edited by MattyD803 on Monday 13th September 11:13

The Mk8 is bloody awful, I wouldn't be surprised if alot of people interested in the Mk8 decide to go for the Mk7.5 after a test drive.

Lower quality materials, no physical buttons, a terrible info-tainment system. It doesn't matter if the chassis/brakes/suspension/engine is better than the previous generation if the way in which you interact with the car is significantly worse.

[MattyD803]

skinnyman said:

The Mk8 is bloody awful, I wouldn't be surprised if alot of people interested in the Mk8 decide to go for the Mk7.5 after a test drive.

Lower quality materials, no physical buttons, a terrible info-tainment system. It doesn't matter if the chassis/brakes/suspension/engine is better than the previous generation if the way in which you interact with the car is significantly worse.

I've driven both and whilst I absolutely agree there are some issues with the 8 GTi (particularly infotainment, haptic buttons and materials), "Bloody awful" is possibly a touch harsh, Nonetheless, all the subjectiveness aside, the point of my post was asking whether people really want to sink £30k of their money into an over inflated used car which is now also a 9 year old design. (A great design sure, but still - I wouldn't)

Back to personal opinions, I'm predominantly buying a GTi for the chassis and engine and the 8 is right up there with the 7.5, and if I can have one factory fresh (with any of the options I may or may not want), in the colour I want, I know what I would be doing.....Especially considering the finance packages on something new.....

Edited by MattyD803 on Monday 13th September 16:35

[skinnyman]

MattyD803 said:

I've driven both and whilst I absolutely agree there are some issues with the 8 GTi (particularly infotainment, haptic buttons and materials), "Bloody awful" is possibly a touch harsh, Nonetheless, all the subjectiveness aside, the point of my post was asking whether people really want to sink £30k of their money into an over inflated used car which is now also a 9 year old design. (A great design sure, but still - I wouldn't)

Back to personal opinions, I'm predominantly buying a GTi for the chassis and engine and the 8 is right up there with the 7.5, and if I can have one factory fresh (with any of the options I may or may not want), in the colour I want, I know what I would be doing.....Especially considering the finance packages on something new.....

Edited by MattyD803 on Monday 13th September 16:35

Oh I don't disagree on that part, if WBAC are offering £25k for mine that means it's going to end up £27k+ at a dealership, I think you'd be nuts to pay just £5k under the new price for a car thats 3.5yrs old and out of warranty, as you say especially with the finance packages on top. You're right 'bloody awful' is harsh, I think I'm just disappointed as I always intended to px mine for the Mk8 once it came out, but I was just left disappointed by it.