Facelift RS3 FL Depreciation

[skibuddy]

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.

Probably doesn’t help all the press, Audi own demo, and speculative non Audi dealers who bought new looking for a quick mark up are all competing on the used market. I think, over time it will settle down. I bought a spec ed up saloon for 52k and I will sell it 4 years later privately for 23K. I will take that.


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[ashley cliftron]

think in 3 years i will just write the car off and claim the gap cover and then get most of my money back

 

[Callump01]

think in 3 years i will just write the car off and claim the gap cover and then get most of my money back

Might wanna be careful posting that on a public forum mate, even in jest

 

[AudiNutta]

think in 3 years i will just write the car off and claim the gap cover and then get most of my money back

In 3 years I bet they will find this comment you made, haha.

 

[Evil Diesel]

Completing the px paperwork today (had to do all of this even though it ended as a straight swap) I noticed the px value was £41,700. List was £52 and invoice was £48.

 

[Evil Diesel]

Probably doesn’t help all the press, Audi own demo, and speculative non Audi dealers who bought new looking for a quick mark up are all competing on the used market. I think, over time it will settle down. I bought a spec ed up saloon for 52k and I will sell it 4 years later privately for 23K. I will take that.


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If the rumours are true that the 2020 RS3 is going to be a hybrid I would say that the value of these cars is going to hold up well - imagine all that weight of the batteries and additional electric motors - no way that car is going to be 1,500 kgs.

 

[Jonnie]

If the rumours are true that the 2020 RS3 is going to be a hybrid I would say that the value of these cars is going to hold up well - imagine all that weight of the batteries and additional electric motors - no way that car is going to be 1,500 kgs.

The Prius weighs under 1,400kg. I’m sure if Audi tried hard enough they could keep the weight down

 

[Evil Diesel]

The Prius has a hairdryer for an engine! I had a rental hybrid Yaris when I went to Italy in the summer and the thing constantly tried to kill me - a gentle bend on the Autostrda? - a near death experience at 120km/h.

 

[Evil Diesel]

Anyway - when have you ever seen a Prius going quicker than 20?

 

[lee_fr200]

my dad just wrote his prius off! he's quite happy as he hated it,

i think if audi go the 48v mild hybrid route as they say they will then they will have to cut weight in other areas, didn't they go carbon front wings on the 8p? going to have to do stuff like that, but i don't think there is any batteries on the 48v system it just lowers weight in the engine bay and makes the starter and alternator a generator like on a jet engine so i don't think it uses batteries after looking into it

the weight loss from the engine bay by losing the air con pump the alternator and starter motor into one unit with no belt drives is fascinating tbh and will lower front axle weight significantly don't be surprised if the next rs3 is properly nimble on turn in

 

[lee_fr200]

my dad bought one as he was using his range rover sport for work and the costs were crazy so bought a prius to try and cut his costs but hated every single minute of it, a van ran into the back of it on wednesday at around 30-40mph, and I've never seen him more happy that its gone

 

[AudiNutta]

my dad bought one as he was using his range rover sport for work and the costs were crazy so bought a prius to try and cut his costs but hated every single minute of it, a van ran into the back of it on wednesday at around 30-40mph, and I've never seen him more happy that its gone

“Never seen him more happy” to have been in a total loss accident brilliant

 

[Jonnie]

Anyway - when have you ever seen a Prius going quicker than 20?

I did a J-Turn in a Prius once, and hammered it round a test track, it was quite the experience. Even overtook a McLaren 650s mule although I suspect they weren’t trying

 

[lee_fr200]

“Never seen him more happy” to have been in a total loss accident brilliant

it true as well! he's told the insurance company he doesn't want a new one (it was only 3 month old) so don't know how they're going to handle that as its a replacement car if it gets written off

 

[Evil Diesel]

My man - I want what you are taking. Life will be smooth.

 

[AudiNutta]

it true as well! he's told the insurance company he doesn't want a new one (it was only 3 month old) so don't know how they're going to handle that as its a replacement car if it gets written off

Hm, don’t you get the option to take cash back out?

 

[deanshaw24]

I’ve just heard from my mates at Audi that the FL RS3 will not end production after 1 year like the last 2 have, it’s gone into full production mode and they are even bringing out a black edition version. That will obviously hinder residues as well.

 

[Jassyo06]

Bored the other day, went window shopping on the Audi approved used website now there site does not the defacto pin point true value of any given car, but l was surprised to a few brand new/demo RS3"s for under £40k and there's plenty of RS3s available suppose its all down to supply and demand

 

[Leo-RS]

Bored the other day, went window shopping on the Audi approved used website now there site does not the defacto pin point true value of any given car, but l was surprised to a few brand new/demo RS3"s for under £40k and there's plenty of RS3s available suppose its all down to supply and demand

Yes, would have been great if they had protected number of sales but I guess they’ve went for volume which doesn’t help. Market looks to be saturated, there are lots of cars for sale currently.

Regardless, those on 3/4yr PCP’s are protected with very good residual values so if they continue to plummet, it’s Audi that will eventually take the hit.

Some very poorly specced cars also which will be hard to shift at the lower end.

 

[Jassyo06]

Yes, would have been great if they had protected number of sales but I guess they’ve went for volume which doesn’t help. Market looks to be saturated, there are lots of cars for sale currently.

Regardless, those on 3/4yr PCP’s are protected with very good residual values so if they continue to plummet, it’s Audi that will eventually take the hit.

Some very poorly specced cars also which will be hard to shift at the lower end.

I think that extra £5000 Audi added to the facelift has taken it's toll on sales mate, previous RS models kept the prices well due short build spans and l am sure production of this current version will halt early next year so residuals should stay healthy most Audi's do

 

[SPIKE_]

I’ve just heard from my mates at Audi that the FL RS3 will not end production after 1 year like the last 2 have, it’s gone into full production mode and they are even bringing out a black edition version. That will obviously hinder residues as well.

Any more info on what the black edition will have? Sounds interesting.

 

[T-800]

I think that extra £5000 Audi added to the facelift has taken it's toll on sales mate, previous RS models kept the prices well due short build spans and l am sure production of this current version will halt early next year so residuals should stay healthy most Audi's do

Crikey if i was worried about depreciation i'd never buy any car

 

[Jassyo06]

Crikey if i was worried about depreciation i'd never buy any car

Not worried either its only a car mate that l keep in my driveway as much as possible lol keeping this one for 3 years which is a first for me

 

[Jassyo06]

Any more info on what the black edition will have? Sounds interesting.

Black Edition ergo Black optics pack besides Dean has been known to tell a Tale or 2 lol

 

[T-800]

Not worried either its only a car mate that l keep in my driveway as much as possible lol keeping this one for 3 years which is a first for me

Agreed @jassyo06

Although I swap them frequently

A bit too frequent sometimes

 

[Jassyo06]

Agreed @jassyo06

Although I swap them frequently

A bit too frequent sometimes

You've obviously got toooo much money lol holidays in my book come before cars mate and they don't cost as much lol

 

[Spinstorm]

Any more info on what the black edition will have? Sounds interesting.

LOL your mates at Audi are idiots just like everyone else at Audi. The black edition will just be like having the black parts now except if its like the S3 then it will include some other options at a discount; that’s all. Of course the discount will lower the values of our cars further...

 

[deanshaw24]

LOL your mates at Audi are idiots just like everyone else at Audi. The black edition will just be like having the black parts now except if its like the S3 then it will include some other options at a discount; that’s all. Of course the discount will lower the values of our cars further...

It’s just a rumour, I personally don’t believe it as no RS car has had a black edition. However it could mean there’s a performance pack possibly? All they do know for sure though is that they no longer have allocated slots per dealer like they used to. Now they can just order as many as they like, like normal a3’s and s3’s.

 

[Jassyo06]

LOL your mates at Audi are idiots just like everyone else at Audi. The black edition will just be like having the black parts now except if its like the S3 then it will include some other options at a discount; that’s all. Of course the discount will lower the values of our cars further...

You have such Elegance with the Queens language Old Boy....
What you should have posted was Audi don't do a black edition when there's a option that includes a black optics package ...... Simple as that.. .

 

[Jonny B]

LOL your mates at Audi are idiots just like everyone else at Audi. The black edition will just be like having the black parts now except if its like the S3 then it will include some other options at a discount; that’s all. Of course the discount will lower the values of our cars further...

Bit harsh !


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[Spinstorm]

Let me rephrase - If there is a black edition it won’t really be any different than what we have now. Just a new pack putting stuff together at a discount.

However my language suggests that I think Audi only employ idiots and therefore I don’t think anyone knows what they are talking about.

And I base this fact on the fact that the technicians talk rubbish when you have a problem and the sales guys don’t know all the features of all the cars when its all they do all day long...

 

[Jassyo06]

Let me rephrase - If there is a black edition it won’t really be any different than what we have now. Just a new pack putting stuff together at a discount.

However my language suggests that I think Audi only employ idiots and therefore I don’t think anyone knows what they are talking about.

And I base this fact on the fact that the technicians talk rubbish when you have a problem and the sales guys don’t know all the features of all the cars when its all they do all day long...

Salesman. . !!! why should they know everything about the cars they sell, its the clients they are more interested in, ie if they are welcoming, courteous, friendly and get you the deal your looking for they don't need to do nowt else ..... Salesman are far too busy.. ... To memorise absolutely everything about the spec of cars . . .

 

[D0C]

Salesman. . !!! why should they know everything about the cars they sell, its the clients they are more interested in, ie if they are welcoming, courteous, friendly and get you the deal your looking for they don't need to do nowt else ..... Salesman are far too busy.. ... To memorise absolutely everything about the spec of cars . . .

Anybody would think you had a son who was a salesman...

 

[Jassyo06]

Anybody would think you had a son who was a salesman...

A General Manager now for BMW..... And his knowledge of Audi's was OK but nowt out of the ordinary, its like every job you don't need to know everything about it, ye just need to know enough to get by and pick up yer wage packet

 

[Spinstorm]

Salesman. . !!! why should they know everything about the cars they sell, its the clients they are more interested in, ie if they are welcoming, courteous, friendly and get you the deal your looking for they don't need to do nowt else ..... Salesman are far too busy.. ... To memorise absolutely everything about the spec of cars . . .

If I didn't know everything about what I was selling I would be out of a job. It is amazing that car dealers are the only profession where no one knows anything about what they are selling and everyone seems like that is fine.

If I was running Audi I would get salesmen who know everything - technicians who have independent thought and a result would be happy customers in every aspect and increased sales. However it appears that the people who run car companies also don't know what they are doing because that is common sense.

 

[T-800]

So if I spend a ridiculous amount of money on an Arlo System I’ll know where to come for technical queries

 

[Jonnie]

However it appears that the people who run car companies also don't know what they are doing because that is common sense.

Audi sold 1.8 million cars last year, I don’t think they need any advice on how to sell cars... But if you think you know better set up your own company and show them how it’s done.

And if I had to pick between a salesman that had a personality and a salesman that memorised a brochure I’d take the one with the personality.

 

[oli356]

I'd expect sales people to know more than they do at times but then not to the level of detail people on here know things, like when the exhaust valves open and close on different models.

My dads in sales and struggles with remembering brochure stuff and more so the technology in the cars these days (he's in his 60s now so it's not 2nd nature like it is for me in my 20s!)
However he's good at getting to know the customer and what they want etc. and think that sells the car. The people skills.

I think lots of dealerships have product specialists now also who can work with the sales team and should know the products inside out..
I work in IT and it's impossible to know everything about all the different products, software versions etc... But what matters is using resources we have internally to find out information that you don't know. ... Mind you it took Audi UK and Audi dealers months to figure out that I needed to use Bluetooth for Audi Connect to remain logged in.. So who knows

 

[Evil Diesel]

It’s just a rumour, I personally don’t believe it as no RS car has had a black edition. However it could mean there’s a performance pack possibly? All they do know for sure though is that they no longer have allocated slots per dealer like they used to. Now they can just order as many as they like, like normal a3’s and s3’s.

Not what Audi UK and the dealer were telling me last week when they had to find one for me - the talk was very much of dealer allocations.

 

[D0C]

Audi sold 1.8 million cars last year, I don’t think they need any advice on how to sell cars... But if you think you know better set up your own company and show them how it’s done.

And if I had to pick between a salesman that had a personality and a salesman that memorised a brochure I’d take the one with the personality.

I can give you plenty examples of large companies that have gone bust over the years when they should of supposedly known what they were doing!