Options for quick sale of Golf GTI

techguy

Alright folks,

The day has come where I need to sell my GTI.. After only 16 months. The only reason is I am moving to London and absolutely won't need a car over there... boy will I miss driving

I have a black 5DR DSG. Link.

Anyway, I'm trying to figure out the best way to sell. I've had it on DoneDeal and Carzone for about two weeks now and not one call. Granted, it's not a great time to sell as there seem to be many available right now. It's actually crazy, there are twice as many DSGs than manual right now, I often check and there are only ever a few DSGs.. what gives!?

At €11k it sits at the higher end of the price scale. Which I think is justified given the mileage and condition. I am just the second owner aswel, not 4 or 5 like some i've seen.

What do you think my options are for a quick sale and what price do you think I should get/ask for it?

Cheers

Cleveland Hot Pocket

Drop the price and list on DoneDeal not Carzone. Only dreamers and dealers on Carzone.

People looking to spend that kind of change usually like to do so at a dealer for piece of mind, not going to be an easy sell.
Would you not think of bringing it to the UK and selling it there?

Supergurrier

11k seems an awful lot for a 7 year old hot hatch, maybe a couple years ago.

Titzon Toast

No mention of a service history.

bazz26

No a chance of getting near €11k for a 07 GTI,

Here is the more popular 3dr 2008 DSG with low mileage for €500 less:

http://www.driving.ie/used-cars/Volkswagen/Golf/GOLF-2.0/201421224187316/

Also here is another low mileage 2007 asking €9500:

http://www.driving.ie/used-cars/Volkswagen/Golf/GOLF-2.0/201428225419727/

Marcusm

Why won't you need a car in London? I was 12 years in London before I got one and I certainly have got great value over the past 6 years of driving.

colm_mcm

Hasn't London one of the best public transport systems along with chronic traffic, expensive parking etc?

Cleveland Hot Pocket

colm_mcm wrote: »

Hasn't London one of the best public transport systems along with chronic traffic, expensive parking etc?

Depending on where you are moving to in London, yes you are correct IMO.

The DSG box would be handy in the chronic traffic though it might put the famed VW build quality and reliability to the test :pac:
Guess you would just have to trust in the reliability

Cleveland Hot Pocket

OSI wrote: »

Not a hope of getting 11k for an 07. I wasn't even getting attention on a late 08 for less than that 6 months ago. It's also a 5dr with cloth seats and the 17" Monzas, all of which put it at the less desirable end of the spectrum I'm afraid.

Well there you go OP, that should answer your question, the reason it's not selling is price.

colm_mcm

Cleveland Hot Pocket wrote: »

Depending on where you are moving to in London, yes you are correct IMO.

The DSG box would be handy in the chronic traffic though it might put the famed VW build quality and reliability to the test :pac:
Guess you would just have to trust in the reliability

I'm not getting all the cryptic messages here, you'll have to go easy on me.

djimi

€11k is a lot of risk on a private sale. I would imagine your market is quite limited, and that's before you take into account it's a car that has a very limited market to begin with.

Marcusm

colm_mcm wrote: »

Hasn't London one of the best public transport systems along with chronic traffic, expensive parking etc?

Cleveland Hot Pocket wrote: »

Depending on where you are moving to in London, yes you are correct IMO.

The DSG box would be handy in the chronic traffic though it might put the famed VW build quality and reliability to the test :pac:
Guess you would just have to trust in the reliability

Although neither of you has lived here?

Dublin traffic in my experience and I am here (Dublin) generally 1 week per month is often much worse and parking in Dublin is difficult to discern (rules wise) and enforced by clamp. Despite regularly parking in 6 boroughs (plus royal parks), it's easy to organise generally by App. On street parking for residents is also generally let hit and miss than Dublin as it operates on zones rather than streets.

If he enjoys driving, I think he should ponder on the point.

Cleveland Hot Pocket

Marcusm wrote: »

Although neither of you has lived here?

.

I've not lived there, no, but I've holidayed in and around London a few times and driven through it at peak traffic time.

leeroybrown

Big price drop needed. There's much more desirable three door cars in better colours in similar condition going from dealers for less money. If you had it up for months it probably wouldn't sell.

Sabre Man

A car can be handy for getting out of London at weekends. The motorways are generally very good, but the M25 can be very congested at rush hour. London isn't all tall apartments and no parking.

leeroybrown

Cleveland Hot Pocket wrote: »

Would you not think of bringing it to the UK and selling it there?

In the UK it'll likely be an import up against better spec cars (basic aircon v. full climate control will be a killer there against many) with really good service histories and also Edition 30s.

Mister Jingles

I know someone who got one the same year as yours OP with less miles and a full service history for just over 10k, this was over a year ago so a price drop would probably whats needed.

bidiots

techguy wrote: »

Alright folks,

The day has come where I need to sell my GTI.. After only 16 months. The only reason is I am moving to London and absolutely won't need a car over there... boy will I miss driving

I have a black 5DR DSG. Link.

Anyway, I'm trying to figure out the best way to sell. I've had it on DoneDeal and Carzone for about two weeks now and not one call. Granted, it's not a great time to sell as there seem to be many available right now. It's actually crazy, there are twice as many DSGs than manual right now, I often check and there are only ever a few DSGs.. what gives!?

At €11k it sits at the higher end of the price scale. Which I think is justified given the mileage and condition. I am just the second owner aswel, not 4 or 5 like some i've seen.

What do you think my options are for a quick sale and what price do you think I should get/ask for it?

Cheers

First, when I see QUICK SALE on any advert, I skip it. I'm sure I'm not alone there. And when looking for a quick turn around, the price usually reflects such, yours, does not.

porsche959

djimi wrote: »

€11k is a lot of risk on a private sale. I would imagine your market is quite limited, and that's before you take into account it's a car that has a very limited market to begin with.

Golf GTI very limited market? Of the 1,667 Golfs up on Carzone at the moment 99 are GTI's. Not as limited as you might think. Probably the best selling "hot-hatch" of all time. You might have a point if it was a very rare Golf R32.

Cleveland Hot Pocket

porsche959 wrote: »

Golf GTI very limited market? Of the 1,667 Golfs up on Carzone at the moment 99 are GTI's. Not as limited as you might think. Probably the best selling "hot-hatch" of all time. You might have a point if it was a very rare Golf R32.

It has a limited market, which is not the same as your point above. There is not a limited supply (which is what your post shows, there are apprx 6.5% of the total supply which are GTI models). Rather the limiting factor is the market (ie people who will buy a golf GTI for 8-9k in the first instance)

You're competing against people who want to buy a diesel golf for economy, and, of the section of the marketplace who want to buy a golf, only a small subset of that market will actually want a GTI, and, of that small subsection, some will prefer an R32.

leeroybrown

porsche959 wrote: »

Golf GTI very limited market? Of the 1,667 Golfs up on Carzone at the moment 99 are GTI's. Not as limited as you might think. Probably the best selling "hot-hatch" of all time. You might have a point if it was a very rare Golf R32.

As pointed out above you're looking at this completely the wrong way. The Mk5 GTi was a big boom time seller in 06/07/08 and now there's a glut of them in a market that isn't exactly looking for expensive to tax/insure/run cars. The OP is actually lucky because 18 months ago the market for them was even more congested and prices were weaker.

porsche959

leeroybrown wrote: »

As pointed out above you're looking at this completely the wrong way. The Mk5 GTi was a big boom time seller in 06/07/08 and now there's a glut of them in a market that isn't exactly looking for expensive to tax/insure/run cars. The OP is actually lucky because 18 months ago the market for them was even more congested and prices were weaker.

Golf GTI is not particularly expensive to tax/insure/run. We're not talking about a Lamborghini Gallardo here.

djimi

porsche959 wrote: »

Golf GTI very limited market? Of the 1,667 Golfs up on Carzone at the moment 99 are GTI's. Not as limited as you might think. Probably the best selling "hot-hatch" of all time. You might have a point if it was a very rare Golf R32.

Of all the people who are buying cars in Ireland, how many of them do you think are interested in a 2L petrol car full stop, let alone a performance hot hatch? If youre selling a car like that then its aimed at a very small percentage of the market of potential buyers, which is what I mean by limited market.

porsche959

Cleveland Hot Pocket wrote: »

It has a limited market, which is not the same as your point above. There is not a limited supply (which is what your post shows, there are apprx 6.5% of the total supply which are GTI models). Rather the limiting factor is the market (ie people who will buy a golf GTI for 8-9k in the first instance)

You're competing against people who want to buy a diesel golf for economy, and, of the section of the marketplace who want to buy a golf, only a small subset of that market will actually want a GTI, and, of that small subsection, some will prefer an R32.

You're not competing against people who want to buy a diesel golf, you're competing against people who are in market for a hot hatch. Punter in the market for diesel Golf has next to nothing in common in terms of their requirements to punter in the market for a GTI.

djimi

porsche959 wrote: »

Golf GTI is not particularly expensive to tax/insure/run. We're not talking about a Lamborghini Gallardo here.

Look around you at the type of cars you see on Irish roads. Something like a GTI or a Type R may as well be a Lamborghini for the amount of them that you see on the road. The vast majority of people in this country have no interest in cars like that; cheap tax and diesel are whats in fashion at the moment.

porsche959

djimi wrote: »

Of all the people who are buying cars in Ireland, how many of them do you think are interested in a 2L petrol car full stop, let alone a performance hot hatch? If youre selling a car like that then its aimed at a very small percentage of the market of potential buyers, which is what I mean by limited market.

I honestly dunno, I live in Ballsbridge, so probably get a distorted view, but no shortage of performance cars within a stone's throw of where I am.

porsche959

djimi wrote: »

Look around you at the type of cars you see on Irish roads. Something like a GTI or a Type R may as well be a Lamborghini for the amount of them that you see on the road. The vast majority of people in this country have no interest in cars like that; cheap tax and diesel are whats in fashion at the moment.

In average day could easily see half a dozen Golf GTI's.

djimi

porsche959 wrote: »

I honestly dunno, I live in Ballsbridge, so probably get a distorted view, but no shortage of performance cars within a stone's throw of where I am.

I live in Naas and drive the likes of the N7 regularly. People in Ireland do not want performance cars. The majority of cars on the road at the moment are seemingly economical diesels, and usually pretty low spec also.

Im not saying that there is no market for performance cars, but for every 100 people who go onto Carzone/DD looking for a car, Id be surprised if more than 2-3 are looking for something like a GTI. The car in the OP will sell, if its priced right, but the OP is going to have to be patient. If you want a quick sale for something like that its going to have to be something exceptional or priced very cheap compared to similar cars on sale.

djimi

porsche959 wrote: »

In average day could easily see half a dozen Golf GTI's.

In D4 maybe...

porsche959

djimi wrote: »

I live in Naas and drive the likes of the N7 regularly. People in Ireland do not want performance cars. The majority of cars on the road at the moment are seemingly economical diesels, and usually pretty low spec also.

Im not saying that there is no market for performance cars, but for every 100 people who go onto Carzone/DD looking for a car, Id be surprised if more than 2-3 are looking for something like a GTI. The car in the OP will sell, if its priced right, but the OP is going to have to be patient. If you want a quick sale for something like that its going to have to be something exceptional or priced very cheap compared to similar cars on sale.

I see what you mean, having just checked Simi, apparently of the 5,094 cars with engine capacity of 2 litres or more sold new Jan-Jul 2014 a mere 0.7% were petrol engined. :eek:

http://www.beepbeep.ie/stats?sYear[]=2014&sYear[]=&sRegType=1&sMonth[]=1&sMonth[]=7&sEcc[]=2001-2100&sEcc[]=2101-2200&sEcc[]=2201-2300&sEcc[]=2301-2400&sEcc[]=2401-2500&sEcc[]=2501-2600&sEcc[]=2601-2700&sEcc[]=2701-2800&sEcc[]=2801-2900&sEcc[]=2901-3000&sEcc[]=3001-99999&x=57&y=9

Of all new car sales only around a quarter are petrol engined.

djimi

porsche959 wrote: »

I see what you mean, having just checked Simi, apparently of the 5,094 cars with engine capacity of 2 litres or more sold new Jan-Jul 2014 a mere 0.7% were petrol engined. :eek:

Of all new car sales only around a quarter are petrol engined.

Its crazy how the trend has gone; I hadnt actually realised that it was as bad as that for petrol cars. This country has a major hangup about decent petrol cars at the moment.

leeroybrown

porsche959 wrote: »

Golf GTI is not particularly expensive to tax/insure/run. We're not talking about a Lamborghini Gallardo here.

I'd contend that in that part of the car market it is. The motor tax is comparably a lot higher than a lot of the BWM/Audi diesels people go for. The insurance is heavily loaded for the car it is. It costs a lot more to keep in fuel than say a 320d. Yes, there is a market for people who want them (I've owned one) but a lot of that 06/07/08 market are still looking for lower cost of ownership when they buy.

Cleveland Hot Pocket

porsche959 wrote: »

You're not competing against people who want to buy a diesel golf, you're competing against people who are in market for a hot hatch. Punter in the market for diesel Golf has next to nothing in common in terms of their requirements to punter in the market for a GTI.

I would wager that at least 50-60% crossover occurs. IE people who would like a GTI but are afraid of the "massive" (small) two liter engine, and go for a gtd/gttdi instead.

techguy

Alright folks, a nice few replies.. I see i've started numerous debates

Anyway, about the 11k asking price. I was just kind of going with the flow on Carzone and not much thought to be honest. My thinking was that i'd put it up for 11 and a buyer would haggle me down to about 10. Because to be honest any calculations I do are based on selling for 10, which I think is reasonable.

Actually, a few of you guys got me thinking about the London scene and also the fact that I do LOVE driving, especially my GTI. So, I think if I do move over i'll just be itching to get back on the road. I have also plans to travel for a few months before moving over so that was also behind selling.

In the long run i'm probably better to just hold on to it and bring it to the UK with me. I had always planned on keeping it about 5-6 yrs, why should I let a 4 month break force a sale..

On a sidenote, what are things like insurance and tax like in the UK?

wonski

techguy wrote: »

Alright folks, a nice few replies.. I see i've started numerous debates

Anyway, about the 11k asking price. I was just kind of going with the flow on Carzone and not much thought to be honest. My thinking was that i'd put it up for 11 and a buyer would haggle me down to about 10. Because to be honest any calculations I do are based on selling for 10, which I think is reasonable.

Actually, a few of you guys got me thinking about the London scene and also the fact that I do LOVE driving, especially my GTI. So, I think if I do move over i'll just be itching to get back on the road. I have also plans to travel for a few months before moving over so that was also behind selling.

In the long run i'm probably better to just hold on to it and bring it to the UK with me. I had always planned on keeping it about 5-6 yrs, why should I let a 4 month break force a sale..

On a sidenote, what are things like insurance and tax like in the UK?

Is it only 4 months you are going there for?

techguy

Sorry, my bad. I am finishing up work at the end of August, taking the rest of the year off for a bit of travel then will move to London in the new year.

djimi

techguy wrote: »

Anyway, about the 11k asking price. I was just kind of going with the flow on Carzone and not much thought to be honest. My thinking was that i'd put it up for 11 and a buyer would haggle me down to about 10. Because to be honest any calculations I do are based on selling for 10, which I think is reasonable.

There are two other cars on Carzone that are nearly identical to yours (that I can see anyway) and both are advertised at €9500. Even if you want to leave room for haggling, you are going to struggle to attract any interest when your car is priced at €1500 more.

There is even a 2008 up there that is priced cheaper than your car.

wonski

OK then.

In UK the Motor Tax is cheaper. The insurance - depends on many factors, so no idea really.

You can register the car in the UK without a problem.

If it was imported from UK and you paid VRT, you might get some of it back iirc, but that is a topic for another thread I think.

techguy

djimi wrote: »

There are two other cars on Carzone that are nearly identical to yours (that I can see anyway) and both are advertised at €9500. Even if you want to leave room for haggling, you are going to struggle to attract any interest when your car is priced at €1500 more.

There is even a 2008 up there that is priced cheaper than your car.

Fair enough.. I had actually spotted that kind of stuff also. Deep down I think I was being reckless because I don't want the car to sell

techguy

wonski wrote: »

OK then.

In UK the Motor Tax is cheaper. The insurance - depends on many factors, so no idea really.

You can register the car in the UK without a problem.

If it was imported from UK and you paid VRT, you might get some of it back iirc, but that is a topic for another thread I think.

I don't think it was imported but i'll check that out. Hmm, i'll need to get myself a MPH speedo >.< A few hundred at least i'd say?

Marcusm

techguy wrote: »

Alright folks, a nice few replies.. I see i've started numerous debates

Anyway, about the 11k asking price. I was just kind of going with the flow on Carzone and not much thought to be honest. My thinking was that i'd put it up for 11 and a buyer would haggle me down to about 10. Because to be honest any calculations I do are based on selling for 10, which I think is reasonable.

Actually, a few of you guys got me thinking about the London scene and also the fact that I do LOVE driving, especially my GTI. So, I think if I do move over i'll just be itching to get back on the road. I have also plans to travel for a few months before moving over so that was also behind selling.

In the long run i'm probably better to just hold on to it and bring it to the UK with me. I had always planned on keeping it about 5-6 yrs, why should I let a 4 month break force a sale..

On a sidenote, what are things like insurance and tax like in the UK?

VED (car tax) will almost certainly be £270; insurance will depend on your personal and residential circumstances, whether you can get NCB recognition etc. if you're exporting a car, you may get some VRT back (less €500 admin charge).

Marcusm

wonski wrote: »

OK then.

In UK the Motor Tax is cheaper. The insurance - depends on many factors, so no idea really.

You can register the car in the UK without a problem.

If it was imported from UK and you paid VRT, you might get some of it back iirc, but that is a topic for another thread I think.

All cars are imported at some stage! It doesn't have to have been a second hand import to attract a VRT rebate.

techguy

Marcusm wrote: »

VED (car tax) will almost certainly be £270; insurance will depend on your personal and residential circumstances, whether you can get NCB recognition etc. if you're exporting a car, you may get some VRT back (less €500 admin charge).

CRIKEY! I just did an enquiry on the Revenue site there.. I could get back just over €2K :eek: There's a surprise! THANK YOU!

wonski

Marcusm wrote: »

All cars are imported at some stage! It doesn't have to have been a second hand import to attract a VRT rebate.

Ha, didn't think of that.

OP looks very happy with all the advice he got today.

Definitely better option to keep the car, unless the money was to go forward the travel brake.

£270 / year tax:D

djimi

On claiming the VRT, am I right in saying that if you ever want to bring the car back into Ireland that you will have to pay the full VRT amount again? Just something to bear in mind if the move to London is not/might not be permanent.

techguy

wonski wrote: »

Ha, didn't think of that.

OP looks very happy with all the advice he got today.

Definitely better option to keep the car, unless the money was to go forward the travel brake.

£270 / year tax:D

I most certainly am.. Talk about going from wanting a quick sale to keeping and getting a €2k bonus for doing so... DAMN!

wonski

djimi wrote: »

On claiming the VRT, am I right in saying that if you ever want to bring the car back into Ireland that you will have to pay the full VRT amount again? Just something to bear in mind if the move to London is not/might not be permanent.

Wouldn't it be a VRT exempt if he kept it there for a specified period of time?

djimi

wonski wrote: »

Wouldn't it be a VRT exempt if he kept it there for a specified period of time?

I dont know. As far as Im aware, the legislation that allows for the rebate on the VRT specifies that the car be exported permanently from the state.

From the Revenue site:

The owner of an EU Classification M1 Passenger vehicle (saloon, hatchback, SUV, MPV etc) may claim a VRT repayment where a vehicle has been permanently removed or exported from the State, and where VRT has been previously charged on a Revenue VRT Category A basis.

http://www.revenue.ie/en/tax/vrt/export-repayment-scheme/index.html

The "permanently" part is key; I dont know the specifics, but I cant imagine you would get away with claiming the VRT rebate on an export and then reimporting it without penalty/charge.

wonski

djimi wrote: »

I dont know. As far as Im aware, the legislation that allows for the rebate on the VRT specifies that the car be exported permanently from the state.

From the Revenue site:



http://www.revenue.ie/en/tax/vrt/export-repayment-scheme/index.html

The "permanently" part is key; I dont know the specifics, but I cant imagine you would get away with claiming the VRT rebate on an export and then reimporting it without penalty/charge.

Can't see a difference between the GTI imported back, or another GTI that was never registered in the State and brought from the UK.

You might be right, this is Revenue, not the "it makes sense institution" - I would check it with them first.

rex-x

Did nobody mention the fact the pictures are some of the worst iv ever seen

djimi

wonski wrote: »

Can't see a difference between the GTI imported back, or another GTI that was never registered in the State and brought from the UK.

You might be right, this is Revenue, not the "it makes sense institution" - I would check it with them first.

Because allowing people to export cars, reclaim the VRT and then reimport then for free would open a massive loophole to circumvent VRT when importing cars into Ireland. I could be wrong, but to me it makes sense that where a VRT rebate has occurred on a car, it should be subject to VRT when it is reimported to Ireland (well, as much sense as VRT does make!)