Whats it worth?

[snedden9485]

Its a sad day as it looks like I may be selling my Polo GTI. Iv bought a new house thats needs work and a inside toilet is much needed, hence the required reno money. Iv recently moved work places and now dont drive to work, I ride my pushbike so the Polo does about 50km a week. Im going to get something around 10k and pocket some cash.

The car is a June 2011 Mod with almost 9,000km. Its perfect condition inside and out. Anyone got an idea of what its worth? Im thinking around 30,000. It is a Candy white with comfort pack. Are there still extended wait times on these?

Shoot me a PM if your interested in buying it.

CHeers

Chris

[Hail22]

Its a sad day as it looks like I may be selling my Polo GTI. Iv bought a new house thats needs work and a inside toilet is much needed, hence the required reno money. Iv recently moved work places and now dont drive to work, I ride my pushbike so the Polo does about 50km a week. Im going to get something around 10k and pocket some cash.

The car is a June 2011 Mod with almost 9,000km. Its perfect condition inside and out. Anyone got an idea of what its worth? Im thinking around 30,000. It is a Candy white with comfort pack. Are there still extended wait times on these?

Shoot me a PM if your interested in buying it.

CHeers

Chris

Sad to hear this, considering the wait and the amount of K's should get 30k private sale...maybe 29k.

Check redbook?

[Acko1991]

its worth 24,900 on redbook

[GTi Bhoy]

Im not being smart but its a Polo not a Golf.
You should advertise about 27990 and take as low as 24k.

[06eleven]

The new price (now with comfort, bluetooth & audio) is 28-29k depending on doors. When you buy a new car the outlay is higher, but this is because of dealer delivery & stamp duty. One of those is a service fee, the other is a tax. Trying to recoup the cost of a dealer delivery is the equivalent of adding on the price of every service you've had done. With stamp duty, the new buyer will have to pay it anyway. So, if you're selling for 30k, the new owner will have to shell out nearly 31.5 which is around what I've got a new one on order for.

Any buyer would be paying new car price for something which has some mileage on it, a substantial chunk of the warranty period gone, that they're unable to insure as a new car (replacement in first 2 years, etc) and that they will need to organise rego for soon. There's certainly a few private sales online with the price set at, or above, new value. The long wait time on a new order is skewing the market somewhat. That being said, I've noticed a lot of the private sales have been sitting there for months & months. Either the sellers aren't removing the ads, or people are just not willing to pay that much for a second hand vehicle that is going to suffer massive depreciation as the waiting list gets shorter.

If you can advertise it & get 29-30k, go for it. But, if it was any other car in the same price bracket you'd probably have to sell it for around 25k.

[Acko1991]

I would take it off your hands for $24 k if it is 6 speed manual.

[snedden9485]

There is no way im selling it for 24k. I paid $33k and waited 6 months in the process. I'll see how I go, if i cant sell it for close to what im after, il keep it.

---------- Post added at 06:52 PM ---------- Previous post was at 06:51 PM ----------

New ones are selling for 28-29k on road? WHere is that because il take 2!

[THE_EGG]

There is no way im selling it for 24k. I paid $33k and waited 6 months in the process. I'll see how I go, if i cant sell it for close to what im after, il keep it.

---------- Post added at 06:52 PM ---------- Previous post was at 06:51 PM ----------

New ones are selling for 28-29k on road? WHere is that because il take 2!

lol, although mine was a trade, I paid $30, 100 (i think it was 100 anyway), for a 66TDi DSG with sport pack and stamp duty etc included and i sold after 6 months and I got $19k for the trade. Private sale I could probably have gotten around $22k. However it had only done 1, 600kms. So I would advertise for around $28k and let it got for $25-26k. Always remember that cars depreciate the most in the first year.

[Acko1991]

you paid 3 k in delivery charges and ergo...you are never going to get what u paid for it...what the point may as well wait and get a brand spanking new one

[snedden9485]

Yes I paid the 3k in dealer delivery etc, but everyone pays that, so effectively a new one will be around 32 - 33k with most likely a long wait. The wait isnt as easy as it sounds, if i could have got one only 7 months old for 4-5k less i would have jumped at it.

[06eleven]

[/COLOR]New ones are selling for 28-29k on road? WHere is that because il take 2!

That's not what I meant. The retail price is 28-29k, the rest of your 33k is essentially made up of service fees & taxes. I was trying to show that these are throw away costs. The dealer charges a delivery fee for a series of services that the buyer of a second hand vehicle is not receiving (even on a new car the value is questionable). And, while you're not charging the next owner stamp duty, they'll have to stump it up when changing the rego over.

As I said, if the next owner purchases the car from you for 30k they will end up paying 31.5k "on the road". They could quite easily walk into a dealer and negotiate a new purchase for that. The only benefit they'd be getting is immediate delivery. Everything else would be negative relative to purchasing a new vehicle for the same price.

Sorry if I seem a bit forward with this, but I'm just trying to point out that what you paid for was not just the car and the second hand value is based on the retail price of the car. Not the on road cost. The fact that there are several second hand polo gtis on carsales.com which have been sitting there for months suggests that the prices are not in line with the market. Some of them have had several price adjustments, yet they're still unsold.

If you have enough time, then you may find someone to buy it at 29-30k. It might be worth a try. I'd suggest you be a little more realistic and in the process undercut the other sellers. You'll probably get a quicker sale without having to really bargain. If it weren't for the waiting lists the realistic second hand private sale price would be 24-25k. However, with the waiting list you're probably looking around the 27 mark.

If you can find anyone willing to pay more, sign 'em up quick because they're deciding based on emotion only. If they have time to think about the decision, they're likely to come to the conclusion that it's not good value as a long term proposition.

[Molotov]

^^^ Wot he said.

I think 27k is spot on the money in this market (and 24/25k in a normal supply market).

By all means, list for 30, but be prepared to wait. Also, I get the impression that the delivery blow-out is going to start to ease, as the hype dies down and the fan bois (oh wait, that's us...) get their early fix a la the Mk 5 Golf Gti.

[gavs]

List it at $30,000 mate, if someone is doesn't want the long wait and is happy with only 9000kms on the clock, they will pay it.

I would take it off your hands for $24 k if it is 6 speed manual.

Ummm, polo GTI only comes with 7spd DSG.......

[pologti18t]

Yes I paid the 3k in dealer delivery etc, but everyone pays that, so effectively a new one will be around 32 - 33k with most likely a long wait.

The supply issue is easing AND the standard Polo GTI comes standard with comfort and RCD510 (bluetooth as well???) for no extra cost.

[Acko1991]

LOL ah well...I can't stand automatic.... fun fun ....