Thinking of selling MK6 GTI for 2010 Polo GTI. Thoughts?

[sharkablue]

Hey guys,

I am thinking about selling my MK6 GTI to 'down grade?' to the new Polo GTI.

The main reason is that im a 22 year old guy and im thinking of traveling and maybe even changing jobs next year. I currently have a 'smallish' loan on the MK6 GTI and Im thinking I might be able to wipe it out by selling the GTI and getting the Polo.

What are your thoughts?

2010 Golf GTI:

3 Door
DSG
Candy White
Sunroof
Adaptive Chassis Control
Park Assist
Reversing Camera
18" Detroit Alloys


What I would get on the Polo GTI:

3 door
Candy White
Xenons
Comfort Package
Audio Package
***maybe the alarm system***

What are peoples thoughts on what I would be able to get my MK6 For how much roughly the rumors are pointing to with how much the Polo GTI will cost?

[sharkablue]

One other thing as well is, what is depreciation like on Polo's compared to the Golf? Car Sales seems to abit of dogs breakfast and I have been told to take what Red Book says with a grain of salt?

[BR @ ON]

I wouldn't do that if I were you...

Golf GTI 3 door beats half-arsed Polo GTI.

[Hail22]

3 Door Golf GTI = very rare...will retain value more then the 5 door.

You ask why?

Imagine 5 years from now...a new family wont buy a MK 6 Golf GTI 3 Door, some young Muhammad will love it to death and pay the coinage for it.

[pologti18t]

3 Door Golf GTI = very rare...will retain value more then the 5 door.

You ask why?

Imagine 5 years from now...a new family wont buy a MK 6 Golf GTI 3 Door, some young Muhammad will love it to death and pay the coinage for it.

What a load of rubbish. Come back with accurate figures to back up your claims.
The point is this... VW finds it hard to sell the 3 door simply because it is NOT as popular as a 5 door. Therefore you will find it harder to resell a 3 door Golf down the track.

Sharkablue: The only way to reduce your outstanding debt is to sell the Golf and buy a USED car. That or start paying the debt off faster on the Golf and save some interest.

Secondly you have fallen into the same trap with the Polo GTi as you have with your Golf. You've added too many options (crikey , nearly 9K worth). If you are going to get the Polo to save money then get a base spec one.

[RedSky83]

Kinda similar position as the OP, still owed money on a loan and would need car finance for the new Polo. I ended up canceling my order and focusing on paying my debt off first.

Justification: I'll appreciate it more if I wait and save for it. Plus debt free cars go faster

[MariusGT]

Agree w pologti18t: there are a stack more 5dr gti's for a very good reason. They appeal to a larger group of people.

Even though you may own a less common 3dr the fact is when you sell a 5dr you will have a much larger audience looking to buy.

Option your car/s as much as you want- just don't expect to get 10c in the $ for your outlay when you sell down the track. A fully optioned gti (at $10k+) will only attract a SMALL premium over a stock gti.

When I have bought used cars (including my current GT) my top priority has always been low kms.

[sharkablue]

huh? Im getting confused with the replies.

All I was wanting to see is what peoples thoughts were on what I would get for the GTI?

And what people think the Polo GTI with those options will come up to?

I am guessing:

2K for Xenons
$1200 for Compfort
$900 for Audio Package

Its like 4K of options which will bring it to about 32 - 33K with my estimates?

[Flighter]

huh? Im getting confused with the replies.

All I was wanting to see is what peoples thoughts were on what I would get for the GTI?

I suspect you'll get hosed on depreciation etc., which would probably make sticking with your GTI a better option financially once you factor in paying all those additional fees and taxes on a different car.

[Allegiance]

I wonder how much I could get for my TSI if I traded it for a GTI.....

[goodfella]

common fact accessories dont add to the value in 2nd hand trade in.. so if you are going to do it I would suggest you find someone with 17" Denvers and take your 18"s off. Then when the Polo comes along, give the brand spankers to you new best friend and put the 18's on the Polo....

The assumption is that the Polo GTI is also borrowing from the Mk5 GTI parts bin.

[MariusGT]

huh? Im getting confused with the replies.

All I was wanting to see is what peoples thoughts were on what I would get for the GTI?

ok, i have no idea how many kms your GTI has done so it's hard to say. whatever the local market dictates for a similar car (ie: kms 3dr and DSG) then bang on an extra 1 or 2k for your options and that's about right.

also your location is listed as "Australia" and as most people know state by state the price of cars can vary considerably.

a friend recently sold his CV8Z Monaro to a guy from Hobart (he is in Sydney also). Buyer flew up and collected w his missus then enjoyed his new toy all the way back south to ferry and across to tas. people do that all the time.... though i think i couldn't be bothered!!!!

as for polo gti pricing.. no idea.

if i was you? stick with the Golf and focus on paying it off quickly to save on interest. (hopefully your loan allows early repayment without exit penalties)

[Mountainman]

if i was you? stick with the Golf and focus on paying it off quickly to save on interest. (hopefully your loan allows early repayment without exit penalties)

Sound advice.

Or you could trade it in for a new $12,990 driveaway Hyundai Getz with 5 years warranty and the difference you could put towards loans repayment and your anticipated travels. After all, that seems to be your new priority in life. And the bonus is it would really make you appreciate a bit of Euro class.

[danielb]

I'd be surprised if you pocketed more than even a couple thousand if you did this. Probably not a great idea...

[brad]

You've already copped a depreciation hammering when you drove out of the dealership with the Golf, no point doing it a 2nd time with the Polo. A better strategy would be to decide to keep the Golf for another 5-10 years.

Get a 2nd job & pay down your loan or save for whatever your other goals are. If you don't want a 2nd job then do a budget & stick to it.

Also, maybe plan out what your goals are over the next few years (travel, education, bonging) so that you can prioritise other major/significant purchases (ie: if you knew you wanted to travel before you bought the Golf, then you probably would have bought a cheaper car).

Another small piece of advice: Never borrow money for a depreciating asset unless you can claim a tax deduction on it.