Trade in or hold what I've got

The Little Fella

Currently driving a 2012 golf which is coming up to his timing belt change point and is also soon going to need 4 new tyres. Have been doing a bit of researching recently and have been quoted 9k for a 151 golf highline with all the bells and whistles. Looking for some advice on whether to trade in or hold what I've got and do the tyres and timing belt change.

Atlantic Dawn

A timing belt, service and 4 premium tyres will be around a grand. The 151 Golf might be coming up on needing a new set of tyres depending on the mileage 30k miles could be them near done so factor that in.

Toyotafanboi

Yeah, you'll be a long time saving back €9k through service costs.

That said, if you fancy a change, that doesn't sound like a bad price to get into a 151 highline.

Mickiemcfist

Toyotafanboi wrote: »

Yeah, you'll be a long time saving back €9k through service costs.

That said, if you fancy a change, that doesn't sound like a bad price to get into a 151 highline.

Jesus I've lost touch, I thought 3k a year for a golf seemed fairly steep

JoeA3

Not a bad cost to change imo. You’re coming up several years and into the the current (ish) model. The MK7 is a serious step up from the MK6.

But as per above I’d be making sure the new car has a good fresh set of tyres and isn’t due any significant maintenance for the next 12 months.

The Little Fella

Thanks for the advice guys, there's 90k km on the car and dealer has agreed to put 4 new tyres on the car as the ones on it are worn. Full service history with laharts in kk so I'm happy with that. There's a few surface scratches/scuffs on the front bumper which I might chance my arm and get him to respray if I decide to go ahead.

Mickiemcfist

What mileage is on your current one actually?

bazz26

9k to trade up from a 2012 Golf to a 2015 Golf is a great price imo presuming both cars are similar.

The cost of a timing belt and tyres is not the reason to do it however.

The Little Fella

Mickiemcfist wrote: »

What mileage is on your current one actually?

166k km on the my own

The Little Fella

bazz26 wrote: »

9k to trade up from a 2012 Golf to a 2015 Golf is a great price imo presuming both cars are similar.

The cost of a timing belt and tyres is not the reason to do it however.

My current is a golf edition r. Have had the body kit robbed off it about a year ago so have been on the lookout for one without removable parts!

Mickiemcfist

The Little Fella wrote: »

166k km on the my own

Yea I agree with the above, 9k seems good to go up 3 years & down 76k Kms

Cee-Jay-Cee

The Little Fella wrote: »

Thanks for the advice guys, there's 90k km on the car and dealer has agreed to put 4 new tyres on the car as the ones on it are worn. Full service history with laharts in kk so I'm happy with that. There's a few surface scratches/scuffs on the front bumper which I might chance my arm and get him to respray if I decide to go ahead.

Ensure that they fit 4 reasonable brand tyres and not 4 of the cheapest budget tyres available (which is what they are guarantee'd to do) If they wont agree to that then ask for a €200 discount and tell them you'll get your own tyres (which is what I'd do)

Heres Johnny

If it's in the ballpark of your 2012 being worth 50% of what they are looking for the 2015 car, the deal is more or less sound.

In this case 18k for the 2015 and 9k for your 2012.

How close are my numbers??

After that you are talking about haggling only a couple of hundred.

Cars generally lose half their value every 3 years, with some exceptions.

The Little Fella

Heres Johnny wrote: »

If it's in the ballpark of your 2012 being worth 50% of what they are looking for the 2015 car, the deal is more or less sound.

In this case 18k for the 2015 and 9k for your 2012.

How close are my numbers??

After that you are talking about haggling only a couple of hundred.

Cars generally lose half their value every 3 years, with some exceptions.

No flies on you! 17k for 2015 and 8k for my own. My own car needs a bit of work done by the dealer anyway before it can be sold on again...missing side skirts and needs the new tyres.

Heres Johnny

The Little Fella wrote: »

No flies on you! 17k for 2015 and 8k for my own. My own car needs a bit of work done by the dealer anyway before it can be sold on again...missing side skirts and needs the new tyres.

It's not an amazing deal and it's not a poor deal. Most people just stick to the same age profile of cars, buy new and sell at 3 or buy at 3 and sell at 6 whatever suits their budget and lifestyle. I usually buy at 9 for half nothing and sell at 12 for absolutely nothing, it works for me with the cars I like and my aversion to borrowing.

Push for another 500 off and you'll probably walk out a happy man.

colm_mcm

bazz26 wrote: »

9k to trade up from a 2012 Golf to a 2015 Golf is a great price imo presuming both cars are similar.

The cost of a timing belt and tyres is not the reason to do it however.

€9k to go from a 15 to a 18 would be great, is €9k to go from a 6 year old car to a 3 year old car really that good? Fair enough the high line is a nice spec.

bazz26

colm_mcm wrote: »

€9k to go from a 15 to a 18 would be great, is €9k to go from a 6 year old car to a 3 year old car really that good? Fair enough the high line is a nice spec.

I think it is the way the second hand car market is today. 3k per year seems about right to me and going up a generation to a current model also. I wish I could trade up for 3k per year.

colm_mcm

Seems a lot. Like what’s a 12 Golf worth? What’s a 15 Golf worth?

New Golf highline is €26500 RRP before discounts, new Trendline is €22k

I dont think you’d pick up a 12 Golf in Ireland for less than €7k, so is a 3 year old Golf worth say €16k straight assuming they give €7k for the trade in Maybe it is and I’m crazy.

I see 2015 Golfs for much less than €16k

I’d have thought €7k to change would be about right.

bazz26

I suppose put it this way, could you trade a previous generation 2012 Corolla for a newer generation 2015 Corolla for less than that? I'd say you would be doing well if you could. Golfs have a bit stronger resale values than Corollas.

colm_mcm

bazz26 wrote: »

I suppose put it this way, could you trade a previous generation 2012 Corolla for a newer generation 2015 Corolla for less than that? I'd say you would be doing well if you could. Golfs have a bit stronger resale values than Corollas.

Yes, but heavier depreciation means the car you’re buying is cheaper too, so cost to change on a heavy depreciating car to another newer heavy depreciating car should be smaller due to how the depreciation curve goes.

bazz26

Well I'll bow to your experience in that market over mine but on first impression I would have thought 3k per year was a good price for a Golf. Out of interest, would you think it's possible to trade up from a 15 Golf to 18 Golf for 9k?

colm_mcm

Lookit, a lots probably changed since I was selling cars, and Golfs are a law unto themselves with regards what people are willing to pay.