Am i overvaluing my car?
Discussion
Trying to sell my car to buy a Z4, so have put it on autotrader. But after a few time wasters i think i might be over valuing it. so.. how much is it worth..
2002 VW Golf 1.6 S, Black with Black cloth. 76k, FSH,
Bit of damage to rear arch and bumper could do with a respray, quote 400 all in to restore to mint.
How much is it worth? i was thinking 3k?
oh and i live in somerset so factor that in, not much choice round here.
2002 VW Golf 1.6 S, Black with Black cloth. 76k, FSH,
Bit of damage to rear arch and bumper could do with a respray, quote 400 all in to restore to mint.
How much is it worth? i was thinking 3k?
oh and i live in somerset so factor that in, not much choice round here.
GreigM said:
koolchris99 said:
oh and i live in somerset so factor that in, not much choice round here.
Unfortunately fewer buyers also - so prices will be less.You're not going to like this, but if you got £2K you'd be doing very well
and ive had an offer of 2k but im looking for more, i think i might fix it first.
Hmm,
I sold my Mk4 Golf GTI 4 years ago; it was 6 years old with 50k on the clock and was in perfect condition with a few good options. I got around 5.5k for it. I'd suggest that you'd be very lucky to get 3k for your 1.6 without the damage. The golf isn't exactly a rare car, so I think that in order to sell it, you'd have to get it fixed first, then be ready to negociate on a deal.
I sold my Mk4 Golf GTI 4 years ago; it was 6 years old with 50k on the clock and was in perfect condition with a few good options. I got around 5.5k for it. I'd suggest that you'd be very lucky to get 3k for your 1.6 without the damage. The golf isn't exactly a rare car, so I think that in order to sell it, you'd have to get it fixed first, then be ready to negociate on a deal.
If you are having interest but low offers you migh want to UP the price.
I had my car up but people were making silly offers.
So I took it down, put the price up and soon received an offer, which was a big discount off the new asking price, but exactly what I was looking for in the first place.
I had my car up but people were making silly offers.
So I took it down, put the price up and soon received an offer, which was a big discount off the new asking price, but exactly what I was looking for in the first place.
Most people when they buy their "New car" want to show it off with pride, if it is damaged, the first thing you have to explain to them is the dent! So you end up apologising for your purchase, no fun. Also most private buyers will expect a mountain of cash off for the dent but never get it done on a car of that vintage so they too will be selling at a discount. Finally, the law of supply and demand will balance out your location with the number of buyers. Thats why there are no Bentley dealers in Somerset and why there is no scarcity of Gofs. In summary, drop your price or get back to the 2k offer and try and squeeze a touch more.
£3k? You are joking right.
Don't mean to sound like a t
t but just because it's called a Volkswagen Golf does not make it desirable (well it does to stupid people sadly).
I would take £2k and run for the hills.
On second thoughts I do actually think that someone out there would gladly buy it for 3k.
Don't mean to sound like a t
t but just because it's called a Volkswagen Golf does not make it desirable (well it does to stupid people sadly).I would take £2k and run for the hills.
On second thoughts I do actually think that someone out there would gladly buy it for 3k.
Tonberry said:
£3k? You are joking right.
Don't mean to sound like a tt but just because it's called a Volkswagen Golf does not make it desirable (well it does to stupid people sadly).
I would take £2k and run for the hills.
On second thoughts I do actually think that someone out there would gladly buy it for 3k.
If you look at Autotrader you wont get a sub 80k 1.6 =>2002 Golf for £2k.Don't mean to sound like a t
t but just because it's called a Volkswagen Golf does not make it desirable (well it does to stupid people sadly).I would take £2k and run for the hills.
On second thoughts I do actually think that someone out there would gladly buy it for 3k.
As above, sort the damage and you should be ok.
i hope this doesnt break any rules, but this is the ad, have i missed anything?
VW Golf Mk4 1.6, Dec 2002, Black with Black cloth interior. 76k motorway miles. Mot Jan 2011, FSH, Serviced 15k, 26k, 38k, 51k, 60k, 71k with Cam belt changed 2009 at 60k in 2009, Driver, Pas, and side airbags, ABS brakes, ESP, Central Locking, Electric Mirrors. VW CD/Tape/Radio. Free sat nav and road angel. Tints removed. Few Stone chips, front bumper paint flaking and small scratch to rear passenger door. Will repair before purchase if desired at cost (£400 ish). Very safe and reliable car, never skips a beat. Great for first time drivers. Selling to buy 2 seater. I hate haggling so have priced at lowest I will accept, please do not come to view and expect to get the price down.
VW Golf Mk4 1.6, Dec 2002, Black with Black cloth interior. 76k motorway miles. Mot Jan 2011, FSH, Serviced 15k, 26k, 38k, 51k, 60k, 71k with Cam belt changed 2009 at 60k in 2009, Driver, Pas, and side airbags, ABS brakes, ESP, Central Locking, Electric Mirrors. VW CD/Tape/Radio. Free sat nav and road angel. Tints removed. Few Stone chips, front bumper paint flaking and small scratch to rear passenger door. Will repair before purchase if desired at cost (£400 ish). Very safe and reliable car, never skips a beat. Great for first time drivers. Selling to buy 2 seater. I hate haggling so have priced at lowest I will accept, please do not come to view and expect to get the price down.
Edited by koolchris99 on Tuesday 1st June 21:28
Maybe it's just me, but the ad wording comes over as a bit aggressive. It seems to me that it's entirely possible to buy a sub 10-year old well-specced 1600cc hatchback in good condition for a bit over 2 grand (eg a Focus). So given that the thing needs a fair amount spending on it, it appears you're charging quite a premium for the badge?
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