What is my Octavia RS worth?

[powerd]

G'day everyone

Can you give me some advice please.

I am looking to trade my Octavia on a near new Superb V6 wagon. My kids have turned into basketballers and I need more legroom.

My car is a Spint Yellow vRS manual wagon, late 07 build but late 08 compliance. Has done less than 80,000kms, full dealer service history, has Xenons, sunroof and satnav (options from factory). In great condition overall, usual stone chips, everything works and is present as original.

Dealer realised I had Skoda finance and checked payout, so offered that - way too low. Has now come up to equivalent of about $15k which is still too low.

What do yo think its worth as a trade?

Cheers
powerd

[illusnz]

What is my Octavia RS worth?

Checknthe carsales red book guide for rough idea. Also depends on demand as well



Sent from my iPad using Tapatalk HD

[Jake02]

Around $20-22k I'd say, but that's just me seeing the ones on Carsales and what not...

[dArK5HaD0w]

whereabouts r u in canberra?
i've noticed a yellow pre-facelift wagon in the dunlop area.

[donweather]

I have never ever traded in my old car when buying a new one. You get such more bargaining power on the new one when you tell the dealer you're paying cash, and I've always sold my old car within a week of advertising it online for what I considered way more than I'd get if I traded it in.

So for me, selling the old car privately has always been a win win.

[powerd]

I have never ever traded in my old car when buying a new one. You get such more bargaining power.

Firstly, I can't really be bothered as i work and travel and have various scommitments. Secondly, I have worked in the trade and usually do very well on the changeover. Its just that there seems to be a big gap between the carsales value and what they are edvertised for on the net.

Eg the carsales value is around $13k as a trade, but the cheapest vRS wagon on carsales is $22,900 and it has 112,000 and not the desirable extras mine has (although a DSG) .

The Superb is very cheap but i still think I ought to be able to get more than $15k on the trade.

BTWm i live in Weston Creek, not on the northside.

Cheers
powerd

[K1W1]

Around $20-22k I'd say, but that's just me seeing the ones on Carsales and what not...

I hate to say this but I think Jake is being wildly optimistic I suspect what the dealer offered you will be around about what you will get.

[Rooboy]

That doesn't surprise me. My sister had an Audi A4 and was offered $17k as a trade in by the dealer at a time when the same model and age were going for around $35k on carsales. They decided not to get another Audi and bought an Accord Euro instead.

[Jake02]

I hate to say this but I think Jake is being wildly optimistic I suspect what the dealer offered you will be around about what you will get.

What it's worth and what you'll get for it are two different things Richard. I based $20-22k on what I've seen on Carsales, but that doesn't mean they will get that (as we all know). In reality, have that many Octavias of that age been sold lately to tell what they're worth and actually selling for? I suppose not enough were bought in the first place...

[Mysticality]

Try a private sale for $18k, maybe?
I reckon thats probably the best you can do. Unfortunate, but thats how it is.

Definitely planning to keep my Octy until it dies.

[powerd]

Try a private sale for $18k, maybe?
I reckon thats probably the best you can do. Unfortunate, but thats how it is.

Definitely planning to keep my Octy until it dies.

Thanks guys. It seems the resale might be a bit lower than I expected.

Not really interested in the wait and the time involved in a private sale. I have sold lots of cars and bikes that way but these days, i really don't have the time or patience for it. Plus it is a company car and so I have to pay tax on any book profit. I got it very cheaply 3 and a half years ago, so even at $15k it is still a 50 percent return.

You make a good point Jake - perhaps that's why there is such a big gap between the trade in price and the likely retail - because few were sold around 08-09 the dealer wants as big a margin as possible as insurance, because its onsell price is so uncertain.

BTW, the Surperb is surprisingly cheap so i will do well anyway. But that's how I buy - near new, as cheap as possible then I am protected against big depreciation. And the V6 Superb wagon is a brilliant vehicle for my purposes, and nothing else apart from a volve V70 wagon has that much room.

I'll go and negotiate mmore tomorrow and see where I end up - you've helped my thinking.

Cheers
powerd

[Mysticality]

Good luck!!

I hear the big V6 is simply... Superb.

[space-godzilla]

G'day everyone

Can you give me some advice please.

I am looking to trade my Octavia on a near new Superb V6 wagon. My kids have turned into basketballers and I need more legroom.

My car is a Spint Yellow vRS manual wagon, late 07 build but late 08 compliance. Has done less than 80,000kms, full dealer service history, has Xenons, sunroof and satnav (options from factory). In great condition overall, usual stone chips, everything works and is present as original.

Dealer realised I had Skoda finance and checked payout, so offered that - way too low. Has now come up to equivalent of about $15k which is still too low.

What do yo think its worth as a trade?

Cheers
powerd

I recently sold my 2008 pre-FL RS wagon (diesel, DSG, 45,000 kms, 3-year extended warranty and new Michelins) and I shopped it around as a trade-in to just about every Skoda dealer in the east of the Nullabor. None of the dealers were beating down my door for it and I got values in the range of $15,000-20,000. My gripe on trade-in values is here.

Based upon my experience, $15,000 for a 2007 manual wagon with 80,000 kms sounds pretty good if it's a diesel. If it's petrol, then I think that you are doing even better. I got the feeling that if a Skoda dealer took my car as a trade-in, they were just going to send it to the auctions and had absolutely no interest trying to sell it on their lot as a used car. I figured that the dealer price on my car might be $25,000 so by offering $15,000, they were factoring in a $5,000 profit for themselves and another $5,000 for whichever dealer bought it at the auctions.

In the end, I listed my car on carsales and got $27,000 by selling it privately. The advantage was that I have to sell the car so when a potential buyer showed interest, I just stuck to my price. Getting to $27,000 was a long and arduous process (I don't have time to tell the entire story here) but it can be done. And as other people have said, you have a lot more bargaining power if you walk into the dealership with $27,000 cash in your pocket. But having said that, I have also had very good experiences trading-in other cars. You just have to have a make and model that the salesman wants. But unfortunately, my 2008 Skoda Octavia didn't fall into that category.

If you are in Canberra, you might also want to try allclassifieds.

[K1W1]

Most prices on places like CarSales are nothing but ambit claims. The majority of people who advertise there do so at an inflated price because that is what they think their vehicle is worth. That is the whole reason why they are on CarSales in the first instance, they didn't like the valuation they got from the dealer. Very few vehicles actually get sold at anything like the asking price on CarSales.
As Jake said a vehicle is worth what somebody will pay for it not one cent more or one cent less. A cheque for $15k is real money a "mate who says you will get $20k on CarSales" is totally worthless.

[donweather]

Very few vehicles actually get sold at anything like the asking price on CarSales.

This is utter bull IMO. I have sold all my 2nd hand cars on carsales and they all sold within a week of advertising them and within $300-$500 of what I was asking for. In fact 2 of my cars have sold within 1 day of listing on carsales!!!