How Much are our MK4's actually worth? Honestly.

[bert]

But the other costs of driving in the UK (insurance, fuel, rego) make it so that it'll probably break even over the life of the car

[pommy_golfer]

i dont think any of those things come into play when you are talking about the actual value of a car.

[fourmo]

I paid $13,500 for an 01 Bora 4mo with 135k and full VW dealer history and extended 6 month warranty.

Now is a great time to be buying cars IMHO

[TazzyVR6]

Wow, I'm going to look at an 03 GTI on saturday and the asking price is $19,500. I was intending to offer 18k for it if I decided to buy but now i'm wondering if I should be offering 17k.

http://www.carsales.com.au/all-cars/private/details.aspx?R=6900279&__sid=12399C991DD4&__Qpb=true&Cr=0&__Ns=pCar_RankSort_Int32%7c1%7c%7cpCar_PriceSort_Decimal%7c1%7c%7cpCar_Make_String%7c0%7c%7cpCar_Model_String%7c0&keywords=&__N=1216%201246%201247%201252%201282%204294962746%20391%20412%20902&PriceFrom=391&PriceTo=412&seot=1&tsrc=allcarhome&__Nne=15&trecs=20&silo=1011

[evorobin]

Wow, I'm going to look at an 03 GTI on saturday and the asking price is $19,500. I was intending to offer 18k for it if I decided to buy but now i'm wondering if I should be offering 17k.
http://www.carsales.com.au/all-cars/...s=20&silo=1011

You should be offering $14K imo

[dubbed]

Probably a little more expensive in Tassie too. It'd be worth the trip to Vic to check out some cheaper ones.

[TazzyVR6]

Well the Golf MkIV market in Tas in the 10-20k bracket is as such:
-03 GTI 74000km, $19500 private
-03 Generation 1.6L 79000km, $17990 dealer
-02 SE 2.0L 155500km, $16990 dealer
-03 Generation 1.6L 82000km, $16000 private
-01 GL 1.6L 106000km, $14990 dealer
-00 GLE 2.0L 190000km, $10990 dealer

From the sounds of what I've been reading, we have an overly inflated market when it comes to used car prices!

[h100vw]

Well the Golf MkIV market in Tas in the 10-20k bracket is as such:
-03 GTI 74000km, $19500 private
-03 Generation 1.6L 79000km, $17990 dealer
-02 SE 2.0L 155500km, $16990 dealer
-03 Generation 1.6L 82000km, $16000 private
-01 GL 1.6L 106000km, $14990 dealer
-00 GLE 2.0L 190000km, $10990 dealer

From the sounds of what I've been reading, we have an overly inflated market when it comes to used car prices!

Supply and demand. If there's loads and they're not selling the price will come down. Watch the market for a while if you have time. Check the cars out and be prepared to wait. Don't offer straight off unless you are really into it.
Find out the sellers motivation and pitch your bid based on that. If they have taken finance on another car and want funds to clear some of that debt, they'll be keen to get money quick and probably take a lower offer.

If they are selling 'cause they are going to walk to work or some other non financial reason you'll find it harder to chip them down.

Make a list of things that you feel need attention and put a cost to each so you can justify your offer. If it needs 4 tyres or a cambelt change, there's the best part of 1000 you can knock off in an instant.

On the other hand, if the car is mint, serviced up and no bad points, be prepared to pay for it and enjoy the fact you don't have to shell out anything after you take possession.

Look at the big picture.

best of luck.

gavin

PS I wouldn't be buying anything but the GTI, so much more for your money.

[SoVeReIgN]

Mine's in the process of being sold but nothings concrete till I see money so it's still on the market for $15k. Considering negotiations, I'll be lucky to get $13.5k.

When I bought the car 5 years ago, I was looking at this one and a 2003 model Type R Integra. The Integras on Carsales are fetching almost the same as they were 5 years ago ~$20 - 25k.

My next car is going to be a Type R.

Simple answer - P Platers.

I bet in a few years all the Mk5 R32's on the market will be worth premium $$ too over the GTIs.

[DIDZ]

Well the Golf MkIV market in Tas in the 10-20k bracket is as such:
-03 GTI 74000km, $19500 private
-03 Generation 1.6L 79000km, $17990 dealer
-02 SE 2.0L 155500km, $16990 dealer
-03 Generation 1.6L 82000km, $16000 private
-01 GL 1.6L 106000km, $14990 dealer
-00 GLE 2.0L 190000km, $10990 dealer

From the sounds of what I've been reading, we have an overly inflated market when it comes to used car prices!

I agree with what Gavin just said above my post. I'm still astounded what GTI owners are asking for considering the car market. And none of the cars I've seen out on there are really that special.

I'd love to recoup $17k on my car (just passed 120k - need to do timing belt change). It's serviced pretty much on the dot kms wise, and I see others looking for more than that with higher kms and ratty interiors.

I'd rather buy new than 2nd hand..

[Golf4]

Golf4 GLE 1.8

I bought my Golf Dec '08, paid 9K for it with 94000 on the clock. I've had to do a fair bit of work on it but by looking at carsales I figure I would put it up for 10.5k considering all the maintenance + roof rack + tint.

Also helps its got the 20v 1.8 which is a pretty sweet engine compared to the 2.0 slug.

[fuzion]

maybe time to sell mine................

[seangti]

to buy into your issue, when I bought the Polo GTi at christmas 08, I was also looking at the MkIV GTi with less than 80,000 for the high teens, yet could get a 12month old polo Gti, 10-20,000km for near enough $20k. Made my decision very easy.

A mate that bought my old subaru GT forester 2yrs ago has also just copped the whack of the used car market to the tune of $5k and 20,000km, when I'd already taken $2k off the general sale price of the time for him. The arse has fallen out of it.

[gavs]

Interesting, the subaruy forrester has had the best depreciation value of any used car for the past few years, it shows the arse really has fallen out of the used car market!

[philthy]

If it's any consolation I think prices for used mkV's are going to tank in fairly short order now that the 6's are out.

Redbook for an '05 5 door MkV GTI:


Private Price Guide $22,400 - $25,100

Trade In Price Guide $18,100 - $20,800

Trading in the teens..