RS3 fl Saloon Depreciation

[Rs1]

I was just interested in how much car was worth after 10 months of ownership put reg in we buy any car and was surprised it was only worth £31 k have they really gone down that much!!!!
Well over £10k down.
Mind you I have done 18k miles so far!!!!
Still enjoying car though..

 

[D0C]

Trade in price perhaps very likely. A dealer will then stick it on the forecourt at £40k+!

 

[Terminator x]

Imho you'd be mad to sell a bought as new car for at least 2 years ideally 3. I sold mine after 2.5 years and it was still painful!

TX.

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[FBF01]

Imho you'd be mad to sell a bought as new car for at least 2 years ideally 3. I sold mine after 2.5 years and it was still painful!

TX.

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Really, would have thought these cars would have held their value. Not even remotely interested in seeing how much money I’ve lost. Taken the car on a 4 year deal and struggling to think of a car I’d move to, so will be at least three years happy motoring, or failing that...holding on for full term and handing the keys back. Ideally PX after 3.5

 

[D0C]

Really, would have thought these cars would have held their value. Not even remotely interested in seeing how much money I’ve lost. Taken the car on a 4 year deal and struggling to think of a car I’d move to, so will be at least three years happy motoring, or failing that...holding on for full term and handing the keys back. Ideally PX after 3.5

We always say that, but give it a year or two and we'll be itching for the latest car!

 

[BadBoyWhiteRaps]

I'll be honest, I'm a little bit sceptical of some of the trade in prices. At the moment, you can't really get an RS3 for less than 40k. And yet if I put my exact car into audi's purchasing calculator I think they offer 33,000 or something. I refuse to believe they expect to make a 10,000 mark up on used cars. I would not even dream of trading it in for 33,000 right now.

 

[teslaboy]

We always say that, but give it a year or two and we'll be itching for the latest car!

I'll be honest, I'm a little bit sceptical of some of the trade in prices. At the moment, you can't really get an RS3 for less than 40k. And yet if I put my exact car into audi's purchasing calculator I think they offer 33,000 or something. I refuse to believe they expect to make a 10,000 mark up on used cars. I would not even dream of trading it in for 33,000 right now.

Exactly the reason you would have to either an idiot, have more money than sense or you're in a real desperate situation to get rid of pretty much any brand new car in the first 2yrs min maybe 3yrs in most cases.

The dealers know this, those blood sucking mother fffffffs !

 

[BadBoyWhiteRaps]

Exactly the reason you would have to either an idiot, have more money than sense or you're in a real desperate situation to get rid of pretty much any brand new car in the first 2yrs min maybe 3yrs in most cases.

The dealers know this, those blood sucking mother fffffffs !

Most likely, but I think if I went to Audi inquiring about a TTRS they have for, say, 50, and they offered me 34 for the RS then I'd have a seizure. I doubt it's depreciated around 8 in 3 months...

 

[D0C]

I'd imagine they'd offer me £38k if that for my TTRS. They'd stick it on the forecourt for probably £45-48k. They are struggling to sell new cars so fleece people with trade ins for secondhand sales.

 

[T-800]

I'd imagine they'd offer me £38k if that for my TTRS. They'd stick it on the forecourt for probably £45-48k. They are struggling to sell new cars so fleece people with trade ins for secondhand sales.

I’d say they don’t struggle selling new RS3’s and TTRS cars ......once production resumes that it......

Plenty of performance specialists out there that’ll buy good examples, while offering more than the Audi dealers

 

[FBF01]

I'd imagine they'd offer me £38k if that for my TTRS. They'd stick it on the forecourt for probably £45-48k. They are struggling to sell new cars so fleece people with trade ins for secondhand sales.

Old mans friend who works for Audi said the car market at the moment is nothing short of shocking! He makes some serious wedge, 2nd top performing salesman in Audi UK and he’s thinking of getting out of car sales all together now. Another of his friends worls for eastern western and says same thing. Well down on figures, I think 18% on last year

 

[TYb]

Old mans friend who works for Audi said the car market at the moment is nothing short of shocking! He makes some serious wedge, 2nd top performing salesman in Audi UK and he’s thinking of getting out of car sales all together now. Another of his friends worls for eastern western and says same thing. Well down on figures, I think 18% on last year

The dreaded B word has caused a lot of uncertainty. New car prices are getting silly, people holding off Electric/hybrids as well.

 

[BadBoyWhiteRaps]

I’d say they don’t struggle selling new RS3’s and TTRS cars ......once production resumes that it......

Plenty of performance specialists out there that’ll buy good examples, while offering more than the Audi dealers

I would take a 34k offer as an insult, honestly. Especially if I was trading it to buy a new car from that dealership. Appreciate they can be a little harder to home than an A3, but not to the tune of needing 8-10k in the car.

 

[jaysrs4]

Who on earth would trade their car into WeBuyAnyCar??! lmfao Or take their prices as gospel?

 

[Rs1]

Who on earth would trade their car into WeBuyAnyCar??! lmfao Or take their prices as gospel?

You’d be surprised Audi dealer I traded old rs3 in said they used We buy any car as a good guage of second hand car prices..

 

[jaysrs4]

I bet they did - good way to stiff people in the ar5e!

I’d use the same line too if I was buying someone’s car lol

 

[NevMan]

You’d be surprised Audi dealer I traded old rs3 in said they used We buy any car as a good guage of second hand car prices..

As others have said, you cannot get a less than 12 month old RS3 for much under £40k. I would have thought as they are so sought after, a private sale best option. You could probably safely add £4-£6k to the WBAC “valuation” to get a true value. Someone else on here bought a 2 year old PFL for mid to late thirties. Admittedly it did only have 250 miles on the clock!

 

[wab172uk]

I'll be honest, I'm a little bit sceptical of some of the trade in prices. At the moment, you can't really get an RS3 for less than 40k. And yet if I put my exact car into audi's purchasing calculator I think they offer 33,000 or something. I refuse to believe they expect to make a 10,000 mark up on used cars. I would not even dream of trading it in for 33,000 right now.

All dealers are the same tbh, when it comes to first year trade-in P/X prices. I once tried shifting my then 2015 Subaru Impreza STI PPP within the first 12 months of ownership. Had the same conversation with a dealer, as they were only interested if they could make £8-10K on my car. Needless to say I kept hold of it, and over 2 years later, got the same money as the dealer offered me after 7 months.

All dealers are the same. If they know someone `needs` to shift on the car, for whatever reason, they don't just take advantage, but they take the P***

 

[Bells]

I’m keeping an eye on prices at the moment of RS3’s as I’m considering swapping my S3 out at the end of the year.

Dealer prices are sporadic to say the least, I saw a great deal earlier this week for a 67 plate RS3, 13,000 miles and loads of options for 38k, sold in less than a day. Whereas some other dealers are charging more for a bog standard 67 reg than a new 68 plate, there is no consistency at all.

I do wonder how the launch of the new A3 (possibly next year) will potentially effect values I know the new RS3 will be possibly a few years off a launch but I guess it will still be the ‘old’ model. Although saying that if the list prices continue to rise it may make the current gen RS3’s look like a bargain.

 

[RS3 S.]

.............not being able to order a "new RS'' of any sort you would think second hand values would be steady?.

 

[stott]

I was recently offered 31.5k trade in for my 16 plate RS3, 16k miles

 

[RS3 S.]

I was recently offered 31.5k trade in for my 16 plate RS3, 16k miles

............same here, very close to that & they had already taken a load off the SQ5 i was intrested in so was happy with the deal i got.

 

[arressfree]

I looked at a brand new 55k rs3 saloon back in may. this very distinctive car sold to someone else but its back at same dealership but now as a preowned car and with 8k on the clock. however, the car is now advertise at 58k... how do you figure that....someone is winning...


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[BadBoyWhiteRaps]

I am honestly confused. I can only put it down to the calculators that are available online being wrong. If they're selling for around 43-55k, why would the trade in price be 32-40? It doesn't seem realistic and I honestly would be surprised if Audi offered me so little for my car. They'd simply not get the car and I'd not buy whatever they're selling. It can't be a practical way to do business.

 

[royalsteve68]

I was just interested in how much car was worth after 10 months of ownership put reg in we buy any car and was surprised it was only worth £31 k have they really gone down that much!!!!
Well over £10k down.
Mind you I have done 18k miles so far!!!!
Still enjoying car though..

In a year I’ve done 6.8k miles lol. I wouldn’t believe any of the figures we buy any car for f all come up with. My wife’s 14 year old merc a class with fsh 45k miles mint condition was worth £100 to them. We had and turned down genuine offers of 1750. My s3 was worth 17500 according to them, yet I was offered 20k at Audi and 25k private, turned down though lol


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[royalsteve68]

I’d say they don’t struggle selling new RS3’s and TTRS cars ......once production resumes that it......

Plenty of performance specialists out there that’ll buy good examples, while offering more than the Audi dealers

Agreed, when I receive my rs3 saloon is Oct 17 there were very few new rs3 about and rs3 saloon like mine were ultra rare to the point that some people were selling them for £10k over list. I saw one rs3 for sale at £72k....bonkers


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[royalsteve68]

Old mans friend who works for Audi said the car market at the moment is nothing short of shocking! He makes some serious wedge, 2nd top performing salesman in Audi UK and he’s thinking of getting out of car sales all together now. Another of his friends worls for eastern western and says same thing. Well down on figures, I think 18% on last year

Blame the dumb government and greedy manufacturers. I bought my s3 in 2014 and base spec with manual was very low 30k, now they’re very close to 40k


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[wab172uk]

I am honestly confused. I can only put it down to the calculators that are available online being wrong. If they're selling for around 43-55k, why would the trade in price be 32-40? It doesn't seem realistic and I honestly would be surprised if Audi offered me so little for my car. They'd simply not get the car and I'd not buy whatever they're selling. It can't be a practical way to do business.

It's not hard to understand really. The dealers keep forecourt prices high, as Audi and more so RS Audi's are seen as a premium car. Premium car, premium price.

What the sticker price says and what it's true value is, is not always the same. Dealers are out to make as much money as they can. If the trade in price on an RS3 is around £32k, then it's realistic to expect the car to the be advertised for around £37k. This allows the dealer to make some money after any prep required, while still having a bit of bargaining margin to let the customer `get a deal`.

However, as we all know, car price are just all over the place at the minute. Sticker prices are artificially high, as we now live in the `Billy Big ******` era, where bragging to friends, family and colleagues about how much something costs is somehow seen as a right of passage and show how successful (falsely so) you are. All started off with the housing boom !

Plus with the advent of PCP deals, cars are sloshed around in the system for year where no one actually owns it. So someone taking out a PCP deal out on a new RS3 may quickly realise that the £700 a month they thought they could afford just to be seen in the new RS3, now is not so affordable once fuel, insurance etc is added on top. Or their circumstances change. So the car gets back into the system. The dealers advertise it at list (or thereabouts) and waits for the next punter to walk in, who realistically can't afford a £50k+ car, but thinks for a few hundred more than what they are currently paying for their Ford Focus, they can have an RS3 instead. Look at me, I'm successful !!!

I would suspect if the PCP / Lease bubble ever bursts, car prices will very quickly find their realistic values.

 

[royalsteve68]

It's not hard to understand really. The dealers keep forecourt prices high, as Audi and more so RS Audi's are seen as a premium car. Premium car, premium price.

What the sticker price says and what it's true value is, is not always the same. Dealers are out to make as much money as they can. If the trade in price on an RS3 is around £32k, then it's realistic to expect the car to the be advertised for around £37k. This allows the dealer to make some money after any prep required, while still having a bit of bargaining margin to let the customer `get a deal`.

However, as we all know, car price are just all over the place at the minute. Sticker prices are artificially high, as we now live in the `Billy Big ******` era, where bragging to friends, family and colleagues about how much something costs is somehow seen as a right of passage and show how successful (falsely so) you are. All started off with the housing boom !

Plus with the advent of PCP deals, cars are sloshed around in the system for year where no one actually owns it. So someone taking out a PCP deal out on a new RS3 may quickly realise that the £700 a month they thought they could afford just to be seen in the new RS3, now is not so affordable once fuel, insurance etc is added on top. Or their circumstances change. So the car gets back into the system. The dealers advertise it at list (or thereabouts) and waits for the next punter to walk in, who realistically can't afford a £50k+ car, but thinks for a few hundred more than what they are currently paying for their Ford Focus, they can have an RS3 instead. Look at me, I'm successful !!!

I would suspect if the PCP / Lease bubble ever bursts, car prices will very quickly find their realistic values.

Agreed to some extent. My cars on PCP but unlike alot of people I could pay it off now. I would rather pay the big deposit and 550 a month than part with 55k or so in one lump sum. Some people PCP a car and put the lump sum onto a deposit for property. That's far far better than throwing the full amount on a car. All depends on your appetite to risk and finance

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[wab172uk]

Agreed to some extent. My cars on PCP but unlike alot of people I could pay it off now. I would rather pay the big deposit and 550 a month than part with 55k or so in one lump sum. Some people PCP a car and put the lump sum onto a deposit for property. That's far far better than throwing the full amount on a car. All depends on your appetite to risk and finance

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Agree. Cars like the RS3 are becoming so expensive now, that lump sum paying off, or standard finance over 3-5 years is now mostly unrealistic to anyone on an average to good wage. PCP is the only option for most. But it's also raising new car prices, and keeping second hand (forecourt) prices high as a result. The only winners are the dealers.

 

[jaysrs4]

This is the objective for all car manufacturers. With finance deals for cars hugely accessible the retail price of a car is mainly irrelivant for the general public. 90% of the people rocking round in 50-60K+ cars cannot afford to buy the car outright. So why not finance half the price of the car over 3 years and then get into another one when bored of it? Majority of people get bored of a car after then anyway. All people are focussed on is the monthly.

Pushing up the retail price of a car makes turnover and profits rise. It could be argued that this form of financing is artificially inflating these numbers. I think we're all in agreement that the majority of cars on the road aren't worth the screen prices.

I'd be interest to know how many people here would blow a named figure a month over three years for a Porsche GT3 (or equivalent) and have to give it back. Screen price then becomes irrelivant but to the dealer, they've sold the car. What would your monthly figure be?

 

[wab172uk]

This is the objective for all car manufacturers. With finance deals for cars hugely accessible the retail price of a car is mainly irrelivant for the general public. 90% of the people rocking round in 50-60K+ cars cannot afford to buy the car outright. So why not finance half the price of the car over 3 years and then get into another one when bored of it? Majority of people get bored of a car after then anyway. All people are focussed on is the monthly.

Pushing up the retail price of a car makes turnover and profits rise. It could be argued that this form of financing is artificially inflating these numbers. I think we're all in agreement that the majority of cars on the road aren't worth the screen prices.

I'd be interest to know how many people here would blow a named figure a month over three years for a Porsche GT3 (or equivalent) and have to give it back. Screen price then becomes irrelivant but to the dealer, they've sold the car. What would your monthly figure be?

That's it though. How much do you spend per month / year / 3 years on something like a GT3, and then after that, just hand it back. Say it costs you £50,000 over 3 years. After those 3 years, you hand the car back. You have no car, and are £50,000 lighter at the end of it.

Unless you are in the top 10% of earners, and have some ridiculous amount of disposable income every month (or put through your company), then something like a GT3 is just plain silly, as the cost to be seen in something with nothing to show for it in the end just crazy.

The ironic thing is, we're being told we are living in times of mass poverty, and of food banks. Yet personal debt is souring to extreme levels. And we are encouraged to get into debt through cheap finance and low interest rates. Even households classed as in poverty seam to have smart phones, flat screen TV's, Sky etc. All on the back of `Only £X amount monthly". When something goes wrong, through redundancy or ill health, it all gets taken away as you cannot now afford all your `Cheap` monthly payments.

While we may be in times of mass poverty, the poor are better off than they've ever been. So much so that everyone thinks they are entitled to have the latest smart phone, telly, car etc.

 

[jaysrs4]

100% agree but this is what people do! Only the very high net worth individuals pay for things like high value cars outright and don't think about it because they have the disposable income. The only reason manufacturers can exist is because of finance.

I'll be honest I couldn't afford my RS3 if it wasn't for a fantastic PCP deal and 6k up front. I certainly wouldn't pay over £4-500 a month for a car in my current financial situation and risk things for a car! I can choose to refinance and own the car at the end of my terms. In reality will I be stupid and move the car on and buy something else new? Depends if my business does well I suppose. However there are other priorities that should take president (so my wife will say!!). Circumstances take hold and people do what they do, I could have bought a Golf or something outright but people choose to load themselves with the debt they think they can handle. Society is screwed, it's all accepted and become the norm - you just don't know who's got more debt than others, thats why its so attractive to people, complete false perception.

People see me driving around in a new RS3 and think its a 50k car i've bought and couldn't be more wrong!! In reality I put 6k in, its an ex-demo with a retail price of £37k (because I bummed the dealer lol). I put 6k in and have financed half on a PCP so didn't even cost me that! Nothing to hide, may be stupid with it costing me £360 a month, affordable to me and I'm happy. Its certainly not crippling me - however £700pm may not cripple others if they're happy to pay it and can afford it.

 

[FBF01]

6k in for me and £556 a month on a brand new motor, which is affordable, no issues at all...but do think at times it’s a crazy amount to spend on a car...like stupid. Especially when you factor in fuel, insurance, road tax come March which will be a good bit over 900 a month for my car. Crazy really, but f*ck it lol, only here once and here to enjoy myself.

 

[wab172uk]

6k in for me and £556 a month on a brand new motor, which is affordable, no issues at all...but do think at times it’s a crazy amount to spend on a car...like stupid. Especially when you factor in fuel, insurance, road tax come March which will be over 900 a month for my car. Crazy really, but f*ck it lol, only here once and here to enjoy myself.

Yeah, I've spent god know how much money on finance deals for the latest car, back in the day. But I think it comes down to an age thing maybe? I'm not 45, and realised my pension isn't great due to reducing monthlies so I could afford a newer / better car.

3 years ago I was made redundant, and quickly realised you can't take anything for granted. Since then I've set myself away as self employed, and no contributing to a pension, but after years of low / no payments, my end pot won't be great. So now trying to set myself a target of X amount into a pension, and X amount to save. I was very very tempted to buy an RS3 Saloon, but thankfully deciding to think about it for a few weeks, realised that although I can afford it, I can't now justify it.

I'm now in the mind-set that I'd rather use my disposable income for weekends away, nice meals out etc, rather than blowing Hundreds of pound a month (or buying outright) on a car, which TBH as I work from home, just would be sat in the garage most of the time.

If I was back in my twenties / Thirties now, and with PCP deals available the way they are, I'd be like a child in a sweet shop. Wouldn't do my bank account any good, but when you're that age and a petrol head, you don't think of such boring things do you.

 

[Callump01]

£11ish grand deposit, £576 a month for me. My fuel bill is sometimes higher than what I pay for the car per month though as I use it daily. Any excuse to get out in it! Friends and family think i'm absolutely crazy shelling out as much as I do on my car, and I sometimes wonder too... but then I get in and go for a drive and quickly realise why I do

Not overly worried about depreciation. It'd be nice if the car held it's value a little bit, but I didn't buy with any expectations of getting anything back.

 

[FBF01]

£11ish grand deposit, £576 a month for me. My fuel bill is sometimes higher than what I pay for the car per month though as I use it daily. Any excuse to get out in it! Friends and family think i'm absolutely crazy shelling out as much as I do on my car, and I sometimes wonder too... but then I get in and go for a drive and quickly realise why I do

Not overly worried about depreciation. It'd be nice if the car held it's value a little bit, but I didn't buy with any expectations of getting anything back.

Surely with such a high deposit you’ll be fine?

Amazed your 11k in and still 576 a month. How much was your motor?

Thankfully I have Tesco very close by for Momentum, racking up the pizza express vouchers haaaa

 

[Callump01]

Surely with such a high deposit you’ll be fine?

Amazed your 11k in and still 576 a month. How much was your motor?

Thankfully I have Tesco very close by for Momentum, racking up the pizza express vouchers haaaa

That's my own fault really. Ticked the vast majority of options including all of the packs. Ended up financing £41,174 after my deposit at 6.07% interest, over 4 years with 15K mileage allowance. I got several thousand knocked off the price by the dealership too.

Out of curiosity I had a settlement figure generated and worked out that I could walk away clean now if I wanted to with no negative equity; but that 11 grand has vanished into thin air already.

 

[teslaboy]

50k for mine, PCP, 11k down and 450 a month.
Always wanted an RS.

You only live once.

And as someone once said, no point being the richest man in the graveyard!

 

[Terminator x]

Agree. Cars like the RS3 are becoming so expensive now, that lump sum paying off, or standard finance over 3-5 years is now mostly unrealistic to anyone on an average to good wage. PCP is the only option for most. But it's also raising new car prices, and keeping second hand (forecourt) prices high as a result. The only winners are the dealers.

How are they winning if the 2nd hand cars aren't selling?

TX.

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