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S3 Values as of late...

Discussion in 'General Automotive Chat' started by vavavag, Aug 5, 2012.

  1. vavavag
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    vavavag Member

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    [Aug 5, 2012]
    Been looking at S3s once again and it seems that pre face lift have dropped in value over the past 2/3 months? Is this a current trend or have I just been seeing below average condition cars up for sale sub £3000?! It seems that even later facelift models are selling for less than 4k with a mileage of over 100k miles?!

    What are your thought?!
    #1
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  3. Tooks
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    Tooks Active Member

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    [Aug 5, 2012]
    Well, I think the general price pressure will always be down for the foreseeable future?

    There are enough S3's about that they're not rare or desirable enough to push prices up, plus the general downward pressure on used car prices and fuel costs escalating.

    Mind you, have you actually looked at some of those cheaper ones? There are some real rats nest S3's out there, and I think with a pool of cars this old, the nicer ones will start to stand out from the garbage and differences in price will start to show.

    Its a specialist car, and anybody who looks at a few will start to see the wide range of condition across them, and that should affect prices more than anything.

    'Book prices' don't really apply to cars of this age I find, but that doesn't stop some hopelessly optimistic pricing for some cars that should really be heading for the scrap yard rather than a new owner.
    #2
  4. Y83OLK
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    Y83OLK Hulk Smash!

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    [Aug 5, 2012]
    I tend to go off ebay for realistict prices.. However, the nearest s3 to me is over 100miles away from me and priced £1.2k higher than i priced mine.
    So i think im off the mark a bit.
    #3
  5. s33nyboy12
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    s33nyboy12 Well-Known Member

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    [Aug 5, 2012]
    As with any car , there will be apprx 3k different in price range between good ones, probably most of ours, and the crappers that run through eBay for £3k . As with anything you get what you pay for. I still ave original purchase invoice for mine, all 3 keys, folders and brochures! FSH hpi clear ect ect. Probably get a knacker with 180k mile on, part service history, cat d , one key and god knows how many marks/ broken features on it for £2k ..........
    #4
  6. Ste_Nova
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    Ste_Nova Active Member

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    [Aug 5, 2012]
    i wouldn't be paying 2k for one that bad, £1500 maybe
    #5
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  7. Ste_Nova
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    Ste_Nova Active Member

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    [Aug 5, 2012]
    #6
  8. s33nyboy12
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    s33nyboy12 Well-Known Member

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    [Aug 5, 2012]
    I think ones like that should be scrapped, I know it's a major industry but. Think any car in an accident should be stripped for parts only not repaired and put back on the road......... Bottom line is there is a lot of bad examples of all cars for sale! You get what you pay for......
    #7
  9. thegoal007
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    thegoal007 Another S3 owner....

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    [Aug 5, 2012]
    #8
  10. sportquattro
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    sportquattro Active Member

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    [Aug 5, 2012]
    Damage comes in all shapes and sizes and there no reason why damage can't or shouldn't be repaired, the key is to repair it properly, wings and bumpers for example are a staightforward repair/replace often and the cars integrity is uncompromised. To say "any car in an accident should be striped for parts" is ridiculous IMHO each case needs to be taken on merit.
    #9
  11. s33nyboy12
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    s33nyboy12 Well-Known Member

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    [Aug 5, 2012]
    This is off topic from op and wasn't intended to be, as actually was wholly intended for the link posted.

    However to classify what I posted as "ridiculous" without further merit or fact is flippant and unjustifiable.

    I refer to my opinion or remark as the facts published online (motor insurance vehicle stats ) to 10% of accident repaired vehicles are not repaired to original safety standards and therefore are considered dangerous. A previously crashed vehicle to category c is considered unto 30% less safe if to sustain another accident than original crash safety values. So I put it to you that figures recorded by accident investigators, insurance inspectors, and the police conclude that deaths or serious injuries occur each year due to previous accident damaged vehicles being involved in accidents again and not providing adequete protection to it's occupants. This is why most of us and me included would never buy an accident damaged car and why hpi checks in the uk is a multimillion pound business.

    All I'm going to say to conclude is , if there was 2 identical cars for sale , but one was £5000 cheaper because it was accident repaired
    Would you still buy the cheaper one if you knew it was around 30% more likely to cause you a serious injury in an accident, if your answer is yes you obviously value money more than yours or other peoples lives!
    #10
  12. Ste_Nova
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    Ste_Nova Active Member

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    [Aug 5, 2012]
    it doesn't bother me, back in 90s/early 00s i was buying crashed stuff and driving it round, key issue with that 30% thing is airbags etc not being put back into service, seatbelt tensioners not replaced, but now with mot checking airbag lights this should be a thing of the past

    as for crashed stuff it can be very good value... i bought this for £75
    [​IMG]
    drove it for 2.5years
    [​IMG]
    sold it for £250
    [​IMG]
    #11
  13. s33nyboy12
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    s33nyboy12 Well-Known Member

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    [Aug 5, 2012]
    Ste nova.

    That's impressive! Who said motoring is expensive lol
    #12
  14. sportquattro
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    sportquattro Active Member

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    [Aug 5, 2012]

    If you re read my post it was about your asertion that ANY acciudent damaged car should be stripped for parts, and I said thats ridiculous and stand by it. accident damage can vary massively, would you strip and scrap a car for a dented door for example?? I further said every case should be taken on merit. If you regard that as "flippant and unjustifiable" then so be it thats your opinon.
    #13
  15. vavavag
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    vavavag Member

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    [Aug 7, 2012]
    So how much do you guys think say a prefacelift s3 with around 90/100k in good condition, with full history is worth?
    And what would you pay for a facelift in similar condition with the same mileage?

    I've been looking for quite some time and tend to find that those priced over £4500 need to be of the more rare colours in great nick otherwise they are up for sale for a while!
    #14
  16. Big_jim
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    Big_jim Member

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    [Aug 7, 2012]
    Ive got a 2001 facelift S3 with 107k miles. I would be happy to see £4k for it, but got a feeling im going to have to sell it cheaper if i want it gone.
    Just had a full respray in Ibis white, so the body is in as new condition.
    #15
  17. bigpapasmurf
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    bigpapasmurf Member

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    [Aug 7, 2012]
    I bought my 2002 S3 a couple of months ago with 42k on the clock with a three month warranty for £5500 if thats anything to go by...
    #16
  18. beanoir
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    beanoir Large Member

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    [Aug 7, 2012]
    I'd say if you want a decent facelift car thats been properly looked after with a complete documented service history then you still need to be prepared to pay around £5k+ for it.

    If you're happy to have a car with a mulitude of owners, not a complete history and high mileage then you can pick one quite cheap.
    #17
  19. vavavag
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    vavavag Member

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    [Aug 7, 2012]
    2002 s3 with that mileage for that price seems a very good buy!
    #18
  20. Jpd89
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    Jpd89 Member

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    [Aug 7, 2012]
    Just got my 2000 reg S3 for £3000 so can't complain about falling values really!
    #19
  21. jojo
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    jojo Looking for Boost! Staff Member Moderator

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    [Aug 7, 2012]
    Good for buyers, bad for current owners! lol
    #20
  22. gazzas3
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    gazzas3 Member

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    [Aug 10, 2012]
    i got my 2000 s3 about 8 months ago for £1400 but it needed a fair bit of work doing to it, i've got it pretty much mint now though
    #21
  23. voorhees
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    voorhees Moderator Staff Member Moderator

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    [Aug 10, 2012]
    All cars depreciate unless of course you drop extremely lucky or fool someone.
    #22
  24. Ste_Nova
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    Ste_Nova Active Member

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    [Aug 10, 2012]
    and when the new one comes out expect the older ones to drop even further
    #23
  25. s33nyboy12
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    s33nyboy12 Well-Known Member

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    [Aug 10, 2012]
    I'm looking at an 8p s3 tomorrow on 08 plate 64k 1 owner Fsh hpi clear ect sat nav for £12500 so I'm happy about falling prices! Lol
    #24

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