MK5 GTI prices - eh ? What happened ?
Discussion
I watched a Black 5dr 2006 GTi with c100k miles and Polish car wash spec paintwork go through a BCA auction on Friday night for £4500... it was decent spec, xenons/nav/privacy etc. But I'd assume whoever bought that was happy at 4500 and valued it at a bit more, otherwise why play used car roulette at an auction rather than buying privately.
Cheers,
Grant
Cheers,
Grant
Yeah, I watched prices over the last 3 months or so. Lots of the cars in the classifieds seem to be permanent fixtures. Every now and then 1 pops up at a sensible price and it goes quickly.
I was totally confused by the prices as i was reading threads on here from 2 years ago saying "pick up an ED30 with 70k for £9k" when all I could see was the occasional 100k job for £11k.
I was totally confused by the prices as i was reading threads on here from 2 years ago saying "pick up an ED30 with 70k for £9k" when all I could see was the occasional 100k job for £11k.
RS Grant said:
I watched a Black 5dr 2006 GTi with c100k miles and Polish car wash spec paintwork go through a BCA auction on Friday night for £4500... it was decent spec, xenons/nav/privacy etc. But I'd assume whoever bought that was happy at 4500 and valued it at a bit more, otherwise why play used car roulette at an auction rather than buying privately.
I let mine go for only a few hundred more than that. Same age and similar spec/ mileage. Didn't cost me anything in depreciation over the 7 or so months I owned it but expensive in running costs. Prices have been quite firm for the past year or two but I think they will begin to slip now the Mk6 GTI is dropping in value. Its a domino effect really as more used Mk7 GTIs are starting to come on the market and fast approaching sub-£20k, so the similar Mk6 and Mk5 have to come down. Similarly standard Mk7 Golfs can now be had for £10k at car supermarkets, so that's impacting Mk6 values and then knocks back the late Mk5s (early cars are already cheap but people seem to pay loads for the 07/ 08s).
bonamassa said:
a4cabrio said:
Mk7 golf GTi's for £10k, do you mean mk6 GTi's??
Pretty sure he said 'standard mk7 Golfs',not GTi...This series of articles from a couple of months back is worth a read and has some discussion on prices - http://www.pistonheads.com/news/default.asp?storyI...
aka_kerrly said:
I've noticed this to, mk4s are barely more than shed money but the earliest mk5s are still near £5k and decent late models appear to be worth £1500-2000 more than this time last year.
But the mk5 is a vastly better car than the mk4 (build quality aside). The Gti isn't alone, other good hot hatches of the same age are also firming on price.It's 2 years since I sold my 05 Gti with 76k miles for £6k, probably still worth that now.
Edited by JackReacher on Tuesday 4th November 09:01
aka_kerrly said:
I've noticed this to, mk4s are barely more than shed money but the earliest mk5s are still near £5k and decent late models appear to be worth £1500-2000 more than this time last year.
It might be the case for rough cars with mega miles but FSH low mileage mk4 GT tdi's still make strong money. You can get base model mk5s for less than 3knunpuncher said:
They'll all be worth tuppence in 2 years time when 12 million used Mk7 Rs hit the used market after the leases run their course 
I'm waiting for the MK7 R's to hit the market in a couple of years time after hundreds of people hand their keys back. I reckon there could be some bargains to be had.I also think that some of the MK7 R's that hit the market in a couple of years or so will have lived an extremely hard life... having spoken to a few of my friends about it, they're also of the opinion that quite a few 'new to lease' owners will be in the mind set; since they're handing it back in two years and there will be no option to keep the car, what's the point of taking care of it quite as well as you would your own property when it comes to warming up/cooling down, mechanical sympathy etc.
Cheers,
Grant
Cheers,
Grant
JackReacher said:
But the mk5 is a vastly better car than the mk4 (build quality aside)
The MK5's build quality was appalling and it had a TSB list as long as your arm.RS Grant said:
I also think that some of the MK7 R's that hit the market in a couple of years or so will have lived an extremely hard life... having spoken to a few of my friends about it, they're also of the opinion that quite a few 'new to lease' owners will be in the mind set; since they're handing it back in two years and there will be no option to keep the car, what's the point of taking care of it quite as well as you would your own property when it comes to warming up/cooling down, mechanical sympathy etc.
Exactly. I would never buy an ex-lease or ex-company car.All those R's will be almost without exception poverty spec in flat colours - I imagine the guide books will have to price 'Lease Spec' models very differently to those bought through more regular channels with some choice option boxes ticked.
As with any used model the ones that stick to the forecourt are clearly overpriced or underwhelming condition. I was looking at S5s over the last 9 months and there's still some poor spec over-priced tat listed that was around when we first started looking!
As with any used model the ones that stick to the forecourt are clearly overpriced or underwhelming condition. I was looking at S5s over the last 9 months and there's still some poor spec over-priced tat listed that was around when we first started looking!
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