Have any facelift owners dared brave to find out what their car is worth trade price?
As we all know, the RS3 if you keep it for the full 3/4 year term has very strong residuals, £26k and £23k respectively which going from the base £45k price represents a healthy retained value. 57% retained value after 36 months, no complaints there.
However, something very strange has happened in the RS3 market over the last few months and intial trade prices have literally fallen off a cliff.
The trade price for a 4 month old RS3 Saloon on the Audi valuation tool in excellent condition is £35,300, £34,000 for good and £32,800. We buy any car are coming in below all of those.
There are now sub £40k cars being listed on Audi used. WTF. (Albeit a poverty spec car)
What on earth is going on? How can a 4 month old RS3 be worth £35k trade when the 36 month residual is £26k? That essentially means the bulk of the depreciation has already happened and there’s only £9k left to fall for the remaining 32 months.
Audi offered virtually no discounts and some poor buggers have spent £55k on them without any kind of discount. These cars now are worth to the trade only £35k having dropped £20k from list price only 4-5 months ago. I suspect with a good spec however, Audi dealers would probably stretch a few £k over and above that £35k figure.
It’s almost like someone at CAP have entered the figures wrong, the trade prices come from somewhere and everyone else just jumps on the bandwagon.
Of course, this doesn’t mean anything much to those that are planning on keeping their cars for the full term. Perhaps those that chose the PCP path will infact need to use the protection of their initial strong GFV’s and those that have paid cash with no GFV protection are at risk of depreciation keeps plummeting how it has been doing.
Reading the latest discount thread, some people are managing 10%+ off the cars now, probably the reason why this initial depreciation has fallen off a cliff.
No real purpose to the thread other than the shock should you dare find out what Audi would give you back for your car.
If you’re planning on selling the car then it looks like the private sale will be your only sensible option.
As we all know, the RS3 if you keep it for the full 3/4 year term has very strong residuals, £26k and £23k respectively which going from the base £45k price represents a healthy retained value. 57% retained value after 36 months, no complaints there.
However, something very strange has happened in the RS3 market over the last few months and intial trade prices have literally fallen off a cliff.
The trade price for a 4 month old RS3 Saloon on the Audi valuation tool in excellent condition is £35,300, £34,000 for good and £32,800. We buy any car are coming in below all of those.
There are now sub £40k cars being listed on Audi used. WTF. (Albeit a poverty spec car)
What on earth is going on? How can a 4 month old RS3 be worth £35k trade when the 36 month residual is £26k? That essentially means the bulk of the depreciation has already happened and there’s only £9k left to fall for the remaining 32 months.
Audi offered virtually no discounts and some poor buggers have spent £55k on them without any kind of discount. These cars now are worth to the trade only £35k having dropped £20k from list price only 4-5 months ago. I suspect with a good spec however, Audi dealers would probably stretch a few £k over and above that £35k figure.
It’s almost like someone at CAP have entered the figures wrong, the trade prices come from somewhere and everyone else just jumps on the bandwagon.
Of course, this doesn’t mean anything much to those that are planning on keeping their cars for the full term. Perhaps those that chose the PCP path will infact need to use the protection of their initial strong GFV’s and those that have paid cash with no GFV protection are at risk of depreciation keeps plummeting how it has been doing.
Reading the latest discount thread, some people are managing 10%+ off the cars now, probably the reason why this initial depreciation has fallen off a cliff.
No real purpose to the thread other than the shock should you dare find out what Audi would give you back for your car.
If you’re planning on selling the car then it looks like the private sale will be your only sensible option.
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