Octavia - Poor resale

[zach]

In todays car section of the Herald Sun.....very disappointing as was hoping to upgrade in 6-12mths time.

[brad]

would you have a link or be able to give us a clue what is said? Without some more info, i haven't a clue what you are talking about.

My Octavia cost me ~$31k. I'd figure it's worth $14k (tops) as a trade & $16500 as a private sale now that it's 3.5 years old & has 83k on the dial. That's sounds about average doesn't it?

[zach]

only what's in the paper Octavia is 4th worst in terms of resale only behind Falcon XR6, Aurion and Camry.

after 3yrs 42% and 5 yrs 29%

[spellbound]

I got 52% as a trade after 34 months , RS manual wagon low kilos , might have got more on carsales.com .

Mate bought his wife a golf in june sale , offered $12k for a 2008 focus with 23kilos , said no, sold in one week carsales $15k .

You really need to hold a car 3 years minimum or you will get burnt .

[woofy]

I'd be curious as to how the paper figured out Skodas resales as two friends recently complained how expensive 2nd hand ones were going for even at 3 yrs old. I know personally two people who sold at that time as well, and got a lot more than I would have expected.

I also have some feelers into carsales and they have really struggled since day dot to get their redbook numbers right and have actually increased the average price in the last 2 yrs. I call BS, because in reality I've seen them do better than equivalent Jettas. I noticed in a recent car running cost table from one of the motor clubs that the other clubs copied it had the Superb with higher depreciation than a falcon or commodore, again, I find that verging on fictional from the short time they were selling.

[Jake02]

Just because a media outlet says the resale is going to be bad and predicts (key word there) a 42% rating after 3 years doesn't mean that it's actually true, nor does it mean that you have to sell it at that price. The thing is, different media outlets report different things. The Octavia and Superb were recently class winners in Wheels Magazine's Gold Star Car Awards because of their good resale rating.

So take what they say with a grain of salt because that's the only really consistent negative thing of all Skoda reviews since they arrived here. Only a select few of us have been in the position to sell our Skodas so ask them.

[Gnat]

Media ..... sometimes they are just pullin the shyt out their arse, or someones paying for a point of view.

[Antiplastix]

What you ve got to take in account is what you actualy paid for the car. I dont know anyone who has paid full retail for a Octavia. Aurions and XR6s are always sold way below list price. The better performing cars, Mazda 3, Toyota Hi-Lux are always sold at full retail.

[anthony]

Not sure about Octavias doing better than Jettas,my 3 and a half year resale on a Jetta was brilliant...

[BlackOctaviaRS]

Not sure about Octavias doing better than Jettas,my 3 and a half year resale on a Jetta was brilliant...

I'm getting shocking resale values for my 147TSI Jetta, and it's only 14 months old, so I'm hanging on to it for a while yet. What did you get for yours after 3 1/2 years?

[aware]

I'm getting shocking resale values for my 147TSI Jetta, and it's only 14 months old, so I'm hanging on to it for a while yet. What did you get for yours after 3 1/2 years?

He got what the insurance company paid him - not really a true indicator of resale is it Anthony?

[bobski]

I don't agree with such a low figure, a quick look on carsales shows the dealers aren't taking that sort of hit on 2 year old stock. If you are trading in, having a good idea of what the dealer is selling it for down the line makes a big difference.

I can agree that it might be lower than the norm. It is a good point that most Octavias didn't sell for retail. I got 10% off with little arm twisting. As such, I'd obviously have a lower amount to pay out the lease compared to the retail amount used to calculate their figure. This is where VW are doing Skoda no favours at all. If there's such a large margin, take it off the retail so you a) sell more, but b) don't devalue the brand down the line for your customers.

That all said, if you can pickup a $45k octavia for $20k after 3 years, it is a bloody bargain!

[Antiplastix]

There you go. If you got 10 % off to start with and they are saying that the retained value after 3 years is 42 %, the retained value now becomes close enough to 52 % after 3 years, better than the Commodore Omega at 51.3 % and much better than the Falcon XT at 37.3 %. Most dealers were selling XR6s at $37990 drive away yet the list price used to work out these figures is $42990.

[anthony]

He got what the insurance company paid him - not really a true indicator of resale is it Anthony?

I paid $35900 drive away,and I got $25000 back,which was what insurance paid as the going price for that car at the time.

I was thrilled,as got 70 percent back,or lost only 30 percent over 42 months and 56000 kilometers.

That is good enough reason for me to buy another VW product in the future...

[woofy]

I was surprised to find that the racv market value for my rs hatch which is over 3yrs old was 23k, I paid 36k so happy with that. I think it will depend in which Octavia you own as well, the rs are by far the majority but there is nearly a 15k gap between them and the base model so hard to determine depreciation on such a wide range. I'd also bet the RS' sell better, probably the wagon moreso.