Passat CC resale value

[Buggermedumplings]

Hi All,

Just wonder what everyone thinks about resale on a Passat CC TDI. Tossing up between 3 & 4 year leases and what the resale will be at the end of each lease.

Worth noting that car will have 75k kms after 3 years and 100k kms after 4 years. Input appreciated.

Cheers
Daniel

[Rocket36]

I'd say around 55% - 60%.

[adrock]

I've always gone 3 years with a higher residual as opposed to 4 years with a lower residual and have always had equity at the 3 years mark meaning I can upgrade into something new again which has a full warranty. on the R36 I'm running a novated lease so am using a new broker, but prior to that i've always used BMW Finance who have always been the most competitive, irrespective of what you're buying.

[Buggermedumplings]

Thinking I'll go with the 3 year lease, 4 years does not actually work out to be any better financially and selling with over 100k kms has a bit of a stigma attached.

Cheers guys.

[ccbloke]

Difficult

Always hard to say with a new model but the good news is a 'CC' is similar to the normal Passat. The CC is a great car so if you were to base your calculations on a normal (but still great) Passat, you'd have to be safe (I hope - this is not financial advice disclaimer etc etc).

Have a look at Redbook trade-in price, and what dealers are charging for 3/4 year old Passats of similar description (deduct an rough $4/5k for their profit) and that will give you an idea of their 'owe' price is or what they paid for the car (this is the true 'trade' value).

Apply these depreciation percentages to your car and it should give you an indication (we can't predict the future) of where your car will be.

If it were me, I'd absorb a little pain on a monthly basis, rather than cop a 'near fatal' injury come payout time - ie, play safe! Base your affordibility on the lowest residual value. If you're novating, any excess monies go into an account.

[Rthirsty6]

Hi All,

Just wonder what everyone thinks about resale on a Passat CC TDI. Tossing up between 3 & 4 year leases and what the resale will be at the end of each lease.

Worth noting that car will have 75k kms after 3 years and 100k kms after 4 years. Input appreciated.

Cheers
Daniel

Not sure if you are going for a Novated lease, I would go for the higher depreciation (= lower balloon) as when you buy the car at the end of the lease and sell it privately your profit is tax-free. Nice little earner at the end of the lease whilst the taxman is supporting your higher repayments..... depending what tax bracket you are in, this could work out ok for you. Especially considering the CC will likely be a popular car in the second-hand market in a few years and should sell quite easily for a good price.

[Buggermedumplings]

Yes gone with a novated lease, 3 yrs. Residual is around the $23k mark inc GST so a tidy profit will be had