Sheds Posted August 1, 2005 Report Share Posted August 1, 2005 Really love my new GTi, but dont want to get too sentimental about it. My current plan was to keep it for three years (approx 36k miles) and then trade it in for another one. Residual values seem to be currently estimated at around 50/60%, so the £400pm i'm saving to a car fund at the mo should allow me buy another one, no probs. Kinda like self leasing I suppose. Well at least the that's the plan. Anyone got any views on RV's and how long it's best to keep one for etc. What do you guys generally do? Would be interesting to compare notes. Link to comment Share on other sites More sharing options...
Yahoo Posted August 1, 2005 Report Share Posted August 1, 2005 I think that RV's will be high 60 - 70% within the next 3 years. Although there will be plenty of GTI's around by then, there will still be relatively few on the second hand market - initially keeping RV's artificially high. After 3 years though I would anticipate a 3 year old GTI to be holding approx 55 - 65%. I plan on keeping hold of mine for 2 years, depending upon how good the R32 is. Link to comment Share on other sites More sharing options...
Simonl Posted August 1, 2005 Report Share Posted August 1, 2005 [ QUOTE ] I think that RV's will be high 60 - 70% within the next 3 years [/ QUOTE ] Don't be fooled.There's a few gti's knocking around in the Autotrader already. It's a great car, but next year, waiting lists will be a thing of the past and they'll be something else in the limelight (R32, S3). The new GTI will drop just like everything else. Get a trade in price now... you'll be shocked! Link to comment Share on other sites More sharing options...
aswall Posted August 1, 2005 Report Share Posted August 1, 2005 I think anyone hoping for an RV around 60-70% is living in cloud cuckoo land. It's good but not that good and there will be plenty on the market. Mine will go in 18 months time and I would be very happy with 70% then. In 3 yrs time I reckon you should bite their hand off if a dealer offers you 50%! Link to comment Share on other sites More sharing options...
RedRobin Posted August 1, 2005 Report Share Posted August 1, 2005 This thread shows how different we all are....I've got no plan to sell mine for the foreseeable future! If I like it as much as I think I will based on my test drive, I see no point trading in until at least Mk6 or 7 or if there are problems. I'm certainly not going to sell it early just to get the best price. Link to comment Share on other sites More sharing options...
aswall Posted August 1, 2005 Report Share Posted August 1, 2005 I certainly wouldn't sell a car early to get a better price either, the more frequently you change your car the more you will always lose. I will enjoy my car 'til the end of 2006 and then it wil be time to move on. My philosophy is that life's too short to have the same car for too long or more than once But looking forward to 18 months of fun Link to comment Share on other sites More sharing options...
RedRobin Posted August 1, 2005 Report Share Posted August 1, 2005 Sounds like there's going to be a fair number of secondhand Mk5 GTIs for sale 2006/7. Not mine though....unless I discover something I really don't like. Link to comment Share on other sites More sharing options...
Chins Posted August 1, 2005 Report Share Posted August 1, 2005 Not sure the bottom hasnt started to fall out already. Mines for sales at under £20k, one call and no viewings. 05/54, 7000miles, 5dr, Leather, 6CD, FCA in Red - 22.5k new Jonathan Link to comment Share on other sites More sharing options...
Neimad Posted August 1, 2005 Report Share Posted August 1, 2005 [ QUOTE ] Not sure the bottom hasnt started to fall out already. Mines for sales at under £20k, one call and no viewings. 05/54, 7000miles, 5dr, Leather, 6CD, FCA in Red - 22.5k new [/ QUOTE ] There are a helluva lot of second hand Tornado Red GTI's around at the moment though, although admittedly not so many in 5 door or with leather. I'm sure someone will be more than glad to take it off your hands for that price though -- if it was blue I'd be on it like a shot! Link to comment Share on other sites More sharing options...
Yahoo Posted August 1, 2005 Report Share Posted August 1, 2005 [ QUOTE ] I think anyone hoping for an RV around 60-70% is living in cloud cuckoo land. [/ QUOTE ] I have seen reports that the standard MkV is expected to retain 56% over 3 years. Surely a low mileage GTI will be nudging over 60% - OK 70% was over optimistic. To make a comparison, I would expect the GTI to achieve similar RV to a Focus RS. Low mileage examples are still going for over 75% after 2.5 years. Link to comment Share on other sites More sharing options...
Chins Posted August 2, 2005 Report Share Posted August 2, 2005 You can get a PCP with a guaranteed RV of 55%, which means the car should be around 60% at 3 yrs. Link to comment Share on other sites More sharing options...
chriswastle Posted August 2, 2005 Report Share Posted August 2, 2005 Just take a look at VW website, they have loads of them and they are not shifting! This may be due to people who want one, want a new one ? My local dealer has a five door with centre armrest and multi CD.5k on the clock. They have been trying to sell it for 6 months. Was £21250 then £19995, last week dropped to £18995, and its still there.ho hum... Link to comment Share on other sites More sharing options...
Simonl Posted August 2, 2005 Report Share Posted August 2, 2005 [ QUOTE ] Surely a low mileage GTI will be nudging over 60% - OK 70% was over optimistic. [/ QUOTE ] My low mileage cars have never exceded book prices, it's a battle to even get book these days... & i do under 6k a year!!! Link to comment Share on other sites More sharing options...
RedRobin Posted August 2, 2005 Report Share Posted August 2, 2005 It's all simply supply and demand. Too many cars have been manufactured in recent years (though NOT Mk5 GTIs!!). Link to comment Share on other sites More sharing options...
Simonl Posted August 2, 2005 Report Share Posted August 2, 2005 ...not yet Link to comment Share on other sites More sharing options...
aswall Posted August 2, 2005 Report Share Posted August 2, 2005 The Golf 5 will make nowhere near that amount after 3 yrs and you can't compare a GTI, with the low numbers of RS Focusses (Foci?). The only cars that make that sort of money are Porsches and Mercs with the odd diesel BMW. Sorry, but if you trade a GTI in 3 yrs time you will be offered 40-50 % of purchase price, depending on options, with a bit more as a private sale. You can protest I'm wrong all you like but come back and post up what happens when the time comes. I know what happens in the car biz and VWs just don't rate a s a 60% car. Try and find a PCP that will guarantee you 60% after 3 yrs Link to comment Share on other sites More sharing options...
RedRobin Posted August 2, 2005 Report Share Posted August 2, 2005 I expect that that is almost certainly correct. But does it really matter? Why are we getting twitchy about resale values. We get what we get at the time and I see no point speculating....Best to get on and enjoy what you got....Your GTI might still exist in ? years but there's no guarantee you (not anyone personally!!) will. Anyone who wants to make profits or even break even from trading should look to things other than cars. Link to comment Share on other sites More sharing options...
aswall Posted August 2, 2005 Report Share Posted August 2, 2005 Absolutely right, I lose loads on cars by changing so often and piling on options but don't really care. I was just trying to point out that those buying a GTI because it possessed some magic that would make it worth 60-70% need to be more realistic or they're in for a big disappointment. If residuals are really important to you, pay £19995 and don't put a single option on it Link to comment Share on other sites More sharing options...
Chins Posted August 2, 2005 Report Share Posted August 2, 2005 Vehicle Details 04 GOLF 2.0T GTI 5DR HB M List Price £ 20,147.00 Cash Price £ (Including 36 months Road Fund Licence at current rate) 21,183.03 Optional Final Payment (Balloon Payment) 11,381.42 The above is Lex - guaranteed RV. VWFS also had very strong RV. These guys dont like to get too close to the bone and would expect the car to be worth more than this. Therefore 60% will be close to the mark. Look at how much a MKIV Anniversary is selling for and thats hardly a stunning car - even if a little limited. None of this worries me as I'll be well into another motor by then, but I do think 60% in a private sale will be easily achieved Link to comment Share on other sites More sharing options...
aswall Posted August 2, 2005 Report Share Posted August 2, 2005 Yes just under 55% for a basic one should be just about achievable, though likely to fall off as oversupply kicks in and the model nears it's replacement time. Bear in mind RVs are based on what you can get for it and any options will be worth less proptionately, which will drag the RV % down. 50% should be achieveable for moderately specced cars in 3 yrs time but none of this crazy 60-70% talk please Link to comment Share on other sites More sharing options...
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