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Used Car Values Increased ?

Snake Pliskin Jan 22, 2019

  1. Phil3

    Phil3 Well-Known Member Team Nardo Saloon Audi RS3

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    BW getting pushed further and further away just screams out they’re making no more!?
     
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  3. D0C

    D0C Well-Known Member Team Nardo Team Panther Audi RS3 TTRS

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    I agree, it seems they are indeed restarting production. But I still find it odd, even more so now that it is pushing the dates back, considering the new A3 is imminent.
     
  4. nad

    nad Active Member

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  5. Bells

    Bells Well-Known Member Team Ara Blue Team Daytona Team V6 Audi S3 Audi S5

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    I was told by local dealer that order books and production should start in a couple of months (fairly vauge!) but they just couldn’t take deposits at the moment. However, he did say it had definitely been confirmed by their head office.
     
  6. D0C

    D0C Well-Known Member Team Nardo Team Panther Audi RS3 TTRS

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    I'd definitely want a decent discount seeing as it's an old model, even if it is an RS.
     
  7. Boosta

    Boosta Member Sportback Team Daytona Audi RS3

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    Sold my sport back 2018 5k miles for £44k on Sunday
    Paid £46500 for it so not bad really for a years use
     
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  8. Tristan2

    Tristan2 Guest

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    Private or trade?
     
  9. Boosta

    Boosta Member Sportback Team Daytona Audi RS3

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    Private
     
  10. D0C

    D0C Well-Known Member Team Nardo Team Panther Audi RS3 TTRS

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    Great result.
     
  11. jebusRS

    jebusRS Member

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    I know someone who works for a main dealer and was speaking to him the other day, they are 100% resuming production.
     
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  13. Snake Pliskin

    Snake Pliskin Well-Known Member Supporter Team Floret Silver Audi RS3

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    Just had my Dealer contact me - sounding me out for a car change now I've had it 3 years.
    I told him right now they have nothing in the range that interests - especially with a severe lack of S & RS cars.
    He said they hope that some RS models will be back in their range later this year.
     
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  14. terminator x

    terminator x Well-Known Member

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    Not the S3 then Snake?

    TX.

    Sent from my BBB100-2 using Tapatalk
     
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  15. D0C

    D0C Well-Known Member Team Nardo Team Panther Audi RS3 TTRS

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    Stick with yours mate! Much louder and visceral which is surely why we buy these awesome 5-cylinder cars!
     
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  16. Snake Pliskin

    Snake Pliskin Well-Known Member Supporter Team Floret Silver Audi RS3

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    No chance I would entertain a current platform S3 so close to its run out.
    Yeah I will for sure be sticking with my 5 cylinder soundtrack for at least another year.
    To be fair, it is the first car I have EVER had for 3 years.
    I am usually always itching to change after 1.5 to 2.
    The RS still makes me smile - I still blip it to make the pops & bangs - it still feels special - I still admire it and love the looks.
    I don't have that desire to change it, I'm still very content with it.
    I'm sure the reason for this is down to it being an RS - and the drama / sound / power / enjoyment that goes with such a beast.
    So I had to tell Mr Audi not to worry I have not defected to Merc or BMW, but right now I'm sticking with what I've got :icon thumright:
     
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  17. terminator x

    terminator x Well-Known Member

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    You have a queue of people waiting for yours though Snake!

    TX.

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  18. Snake Pliskin

    Snake Pliskin Well-Known Member Supporter Team Floret Silver Audi RS3

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    Ha ha ... even the Dealer wanted it today lol :tearsofjoy:
     
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  19. X3man

    X3man Well known member Gold Supporter X3 M40i Carbon Black

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    I bet he did
     
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  20. X3man

    X3man Well known member Gold Supporter X3 M40i Carbon Black

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    Suppose most likely down to the fact they will have “current” RS parts lying around they can flog
     
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  21. Snake Pliskin

    Snake Pliskin Well-Known Member Supporter Team Floret Silver Audi RS3

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    I agree ... they must have shed loads of parts now with the delays on Production.

    Will be interesting to see how it all plays out with run out vs the new model platform.
     
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  22. AudiNutta

    AudiNutta Moderator Staff Member Moderator Sportback Gold Supporter Team Racing Blue Mica Audi RS3 Audi A4 Audi Avant Owner Group quattro

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    Well I bit the bullet and put a valuation in for my car for the first time in ownership.

    £53k ticket price with the exclusive colour, £37k trade in £38,700 private... 15k miles on the clock.

    Sale price means nothing to me as the car isn’t going, but it’s got to be into the 40’s being exclusive, most options ticked and with the rarity at the moment.

    I wish the car cost a lot less to maintain, eating front tyres and just disgusting prices for discs and pads... but it still doesn’t make me want to get rid. There is nothing else I’d buy, if I was to buy another car now alongside the RS or not it would be a B7 A4 all day long... just nothing that really takes my fancy from the current range for the price tags and packages they offer.
     
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  23. Snake Pliskin

    Snake Pliskin Well-Known Member Supporter Team Floret Silver Audi RS3

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    That doesn't seam a right price mate.
    My car is 3 years old next month and was valued with WBAC and Evans Halshaw on line @ £31k ... so yours will be worth way more than £37k
     
  24. D0C

    D0C Well-Known Member Team Nardo Team Panther Audi RS3 TTRS

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    That's probably about right for a valuation online, but as you say, an Audi dealer will give you a bit more at trade in. Private, you should get £45k or so. Residuals seem to be holding up very well.
     
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  25. dno_uk

    dno_uk Active Member Team Ara Blue Team Riviera Audi RS3 Audi A6

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    It’s worth remembering that these automated valuation sites generate a figure based on CAP which in turn does not take into consideration any extra specification.

    For a true valuation speak to a specialist who knows about desirable spec and I’m sure you’d be bid thousands more.

    As Doc says RS3 values look to be holding up pretty well at present and whilst you can’t order a new I can’t see that changing any time soon.
     
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  26. deanshaw24

    deanshaw24 Well-Known Member VCDS Map User

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    Also when the rs3 becomes available again it will be a few £1000 more than before. More likely to be £46k starting mid 50s for a half decent spec, that should sustain and possibly even push up used prices.
     
  27. AudiNutta

    AudiNutta Moderator Staff Member Moderator Sportback Gold Supporter Team Racing Blue Mica Audi RS3 Audi A4 Audi Avant Owner Group quattro

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    Used car valuations are always way off and as it usually goes a dealer won’t pay extra in PX for options as they are desirables and don’t nevessarily add value (as I’ve been told before and total rubbish), supposedly they just make a car more attractive to another but don’t add value. If you managed to sell private you’d get the value of your options back in some form, but with the way the RS car market is now I suspect a dealer will stretch beyond their normal CAP value buying prices.

    Had this doesn’t add value argument with my tracker on the S3, they said despite it costing £1000 it doesn’t add value just might make the car more desireable to somebody who wants a tracker and another incentive. Needless to say the tracker came out of the car, not giving it away for free no chance.
     
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  28. deanshaw24

    deanshaw24 Well-Known Member VCDS Map User

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    Yes a suspect if pressured dealers will pay over cap for rs cars at the moment. With your tracker I would agree it wouldn’t add any value to the car purely because it’s not a factory option. (But on the flip side if someone who is looking at the car wants a tracker then they may be prepared to pay a little extra). Options like tech pack, dynamic package etc will add value as they’re desirable and costly factory options.
     
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  29. Snake Pliskin

    Snake Pliskin Well-Known Member Supporter Team Floret Silver Audi RS3

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    I posted the above back in January this year.

    Whilst I have no interest in selling my car currently I got an email from webuyanycar promting me to re-validate my cars value - which I usually ignore.

    On this occasion I thought I would just see what it has lost in value over the last 8 months and to my amazement it has increase by £800 :blink:

    After 3.5 years, the car is still worth 70% in value of what I paid for it in March 2016 :icon thumright:

    Plus I know I could get more than WBAC offer if I really did want to sell it.

    Pretty chuffed with that :)
     
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  30. deanshaw24

    deanshaw24 Well-Known Member VCDS Map User

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    It’s quite simple, new car prices have gone up considerably in the last 5 years. That in turn has naturally driven up used car prices. To give an example the rs3’s base price has gone up nearly 20% from 4 years ago.
     
  31. Snake Pliskin

    Snake Pliskin Well-Known Member Supporter Team Floret Silver Audi RS3

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    The RS3 was £40k base price when I bought vs £45k / £46k now (albeit with more standard kit now) so yeah that does explain some of the retained value to a degree.
     
  32. royalsteve68

    royalsteve68 Well-Known Member TeamMisano Team Ara Blue Audi S3 Audi RS3

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    Given that the new merc a45s is a ridiculous £50k for something that’s got nothing special about it then I can see the next gen rs3 being over£50k
     
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  34. Snake Pliskin

    Snake Pliskin Well-Known Member Supporter Team Floret Silver Audi RS3

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    I agree ... & would I want to put £20k to £25k on top of my car to buy one ... atm I’m doubting that very much.

    Prices have been hiked up a bit too much imo.
     
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  35. deanshaw24

    deanshaw24 Well-Known Member VCDS Map User

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    And that is exactly why used car prices have gone up.. the demand for them has increased because no one wants to pay £50,000 for a new hatchback
     
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  36. simonali

    simonali Well-Known Member Audi RSQ3 5 Cylinder

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    And the inflated VED bill that comes with them.
     
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  37. Snake Pliskin

    Snake Pliskin Well-Known Member Supporter Team Floret Silver Audi RS3

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    Totally agree.

    I think car prices have been pushed up too high too quickly now - and the VED tax is an added sting on top.

    I'm just happy I've got a car that I am content to keep indefinitely until I feel the time is right to change - and price to change will definitely factor in that.
     
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  38. simonali

    simonali Well-Known Member Audi RSQ3 5 Cylinder

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    It's because most.people don't buy new cars now, they HP or PCP them. With that being the case the sticker price can be anything the manufacturer likes as long as the monthly payments are affordable to the "buyer". The only one who suffers is the one who likes to pay for their car up front and drive around in something they actually own.
     
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  39. Snake Pliskin

    Snake Pliskin Well-Known Member Supporter Team Floret Silver Audi RS3

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    Surely its all pro-rata ... cash buyer pays more for the car outright - HP buyer has higher monthly payments ... or am I missing something ?

    Based on exactly the same car of course.
     
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  40. X3man

    X3man Well known member Gold Supporter X3 M40i Carbon Black

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    I think you are spot on snake. They always “incentivise” on PCP which is how they get people, so best (as mentioned many times on this forum) is to get discount and take PCP then settle within the 14 days or whatever to pay minimum interest.
     
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  41. simonali

    simonali Well-Known Member Audi RSQ3 5 Cylinder

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    I meant it from the point of that I can't afford to buy a £50K hatchback outright but I can afford the monthly payments to lease one. Everyone else thinks like that, too, because they want a shiny new car and not the old banger they can actually afford to buy and as a result the manufacturers aren't really selling many cars any more. They've therefore figured that they can set the prices much higher because

    a) it doesn't matter to all the punters who only want to know what it'll cost them per month and

    b) if they do get a poor sod in through the door that wants to pay cash they're laughing because he/she's having to shell out a small fortune!

    In a nutshell, what I'm trying to get at is that (in my opinion) the marketplace has reshaped car pricing due to the proliferation of the PCP.
     
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  42. deanshaw24

    deanshaw24 Well-Known Member VCDS Map User

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    Yep completely agree.. people don’t really care how much the car costs... and in reality it doesn’t matter how much car the car costs... as long as you’re happy with the monthly payments and will keep the car for the term of your agreement

    It’s all down to the difference between cost and residule. Not the price of the car. So the boom in new car prices has naturally risen the used car market. (It has too! because manufacturers are setting these high balloons to offset the cost of the cars new price and therefore making an attractive monthly cost)

    So really the car manufacturers have created a rod for their own backs.
     
  43. D0C

    D0C Well-Known Member Team Nardo Team Panther Audi RS3 TTRS

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    Agree with that last comment. I think the prices of cars has gone mad. I also think used car prices are due a correction. I’ve been looking for months now and used cars aren’t selling but prices aren’t budging either. The time will come soon when surely car dealers will be under pressure from their banks to shift stock.
     
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