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Popped into my local stealers and was told they would buy back my UP GTi for what I pair £14.5k mine is a fully loaded white 3 door.

Go on VW and cars now fetching £17.5k at the end of the day its supply and demand and if people are willing to pay then the price will creep up.

I will be keeping mine another 14mths and then it will be chopped in
It’s possible.

If they have someone who is prepared to pay (say) £15,995 for a near new fully loaded example, they could take it off you at £14,500 and turn it around immediately for a £1,500 markup

Probably a fair bit more than they made selling new ones.
 

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Yeah the one listed for £17.500 was by Listers & They’re massively over pricing it by the fact it has no options on it. I’m half tempted to pull the trigger tomorrow on one I’m looking at but with the fact the Italian VW Website now has the New 2020 Up GTI on the Configurator now once again I’m hesitating knowing I could potentially get a Brand New with the Options I wanted in By order for Dec/Jan.

Hmmmm...
 

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It may appear that VW realised they seriously undervalued the Up Gti during its launch in early 2018.
Just look at the ridiculous asking prices main dealers are asking and getting for second hand examples of the GTi .nearly £15000 for a second hand car, which sold quickly.

If the 20,000Euro asking price on the Italian website, is an indication of the price for what may be a relaunch of the Gti for 2020, then it's no wonder main dealer prices are inflated.

As for heavy depreciation on our cars, what depreciation, the car is selling now, on the second hand market, for more than list price when it was new.

If there is to be a relaunch of the Gti next year, then current owners of Uk registered vehicles stand to receive one huge Christmas present, in a inflated valuation of their pride and joy.

Maybe main dealers know a lot more about the current situation with the Up Gti, than they are willing to tell.

Why hold onto heavily overpriced stock of a very niche car, unless they know the very same car is due for a relaunch next year, at a much increased price.

Being offered very low market values for a highly desirable car, makes little sense.

The best option is to sell our cars privately, then the true value of the Gti will be realised.

How can Volkswizzard, a small non franchised dealer ask and receive simply daft prices for a second hand car, unless the market for that car is very buoyant.
 

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Not sure the car is worth 20,000 Euros but who knows?
It sold well because it was cheap. If the price increases that much it becomes uncompetitive in the face of cars like the Fiesta ST
 

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I started to get excited that I finally have a car that I won’t take a bath on when I sell. But, having checked autotrader there appear to be lots of cars available for between £10-12k. Not sure where the figures in the above posts were coming from?
 

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Specialised and main dealers talking the price up.
Same as with the new Suzuki Jimny, short supply means dealers trying to sell them for £5,000 over list.

One thing though, many cars now are bought on PCP and the actual sticker price is less relevant
It’s the monthly payments that people are interested in, and if someone can get an Up GTi for £200 a month then who cares if it’s listed at £15,995

The car is never yours anyway
 

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How can Volkswizzard, a small non franchised dealer ask and receive simply daft prices for a second hand car, unless the market for that car is very buoyant.
The market IS buoyant due to a lack of supply and strong demand. It's always the way when dealer stocks have dried up and lease/PCP returns haven't started yet. Next year could be interesting as we hit 2 years as around May/June some PCP cars will be on market and if there is a new model then that might have an influence (though I suspect price will be higher maintaining a significant gap (even at today's prices) used vs new. They were too cheap initially thanks to dealers chasing sales targets but now that's past us, natural supply and demand are keeping prices firm.

When it sold that car was advertised at £14489 (not £14989) which was in line with others for sale with that spec and mileage. Condition couldn't have been better thanks to a fussy owner (thanks Chris) and it sold to an equally fussy buyer from Cornwall. He told me what I need to pay and I paid it in full (no offers or haggling) so he clearly though this was a fair trade price which it just about was (incidentally I believe I paid £5k more than the VW dealer he bought it from and can't see them asking less than £14500 for it....).

So these prices for good spec cars in as new condition with a handful of miles are not daft at all. These prices do not apply to basic spec cars which should be significantly less or cars with over 5k miles or any modifications. For example I don't buy basic cars at any price (unless they come in px).
 

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The market IS buoyant due to a lack of supply and strong demand. It's always the way when dealer stocks have dried up and lease/PCP returns haven't started yet. Next year could be interesting as we hit 2 years as around May/June some PCP cars will be on market and if there is a new model then that might have an influence (though I suspect price will be higher maintaining a significant gap (even at today's prices) used vs new. They were too cheap initially thanks to dealers chasing sales targets but now that's past us, natural supply and demand are keeping prices firm.

When it sold that car was advertised at £14489 (not £14989) which was in line with others for sale with that spec and mileage. Condition couldn't have been better thanks to a fussy owner (thanks Chris) and it sold to an equally fussy buyer from Cornwall. He told me what I need to pay and I paid it in full (no offers or haggling) so he clearly though this was a fair trade price which it just about was (incidentally I believe I paid £5k more than the VW dealer he bought it from and can't see them asking less than £14500 for it....).

So these prices for good spec cars in as new condition with a handful of miles are not daft at all. These prices do not apply to basic spec cars which should be significantly less or cars with over 5k miles or any modifications. For example I don't buy basic cars at any price (unless they come in px).
I am not affiliated with Andrew / Volkswizard, but once I decided to sell firstly I contacted the selling dealer who said that he would buy the car back at a trade price of £8/9000 (19 plate, 6 months old and 1700 miles) obviously this was a cheeky bid but on the off chance I then contacted Volkswizard, agreed a price and the deal was done, as stated no offers or haggling. I am happy with the price given and he's moved the car on relatively quickly, so everyone is a winner :)
 

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With it being relaunched I do have the dilemma of do I swap mine after two years for another, strange feeling as never by the exact same car twice.

Jimny bubble is weird, I have had people phone up offering to buy ours problem is I cannot get another
 

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I quite agree, changing a car that is still within the manufacturer's warranty, makes little sense, unless the deal to change vehicles is a sweet one.
The only people who stand to gain anything, is the dealership, who will be able to sell your car at a high asking price.

We all get carried away, and lured by the charms of a lovely new model, but like a total MUPPET, i swapped my mint low mileage A1 for a brand new Move Up.
It was a direct swap, no money swapped hands, a direct exchange of my 25month old A1 for a brand new Move Up in metallic blue.

The deal was a decent one, a brand new car for my Audi, but the depreciation i suffered on the Audi was significant.
I knew the mark up on my Audi would be substantial, but i was happy with the deal, and the Move Up has been a great little car, ever so reliable, good on fuel, and maintaining it over the long term will be significantly cheaper than the Audi.
 

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Huge excitement from a very wet and windy Llandudno.
We buy any car, have upped their offer for my Gti, from £9125 to £10500.
That's one big increase, somethings up, has the market value suddenly changed, with retailers realising the Up Gti was more than a standard Up model.

The mileage is very low, with 2389miles on the clock, and the car is pristine, almost as clean as when i collected it nearly nine months ago.
Something has excited the market,

That's nearly £1300 over their last offer, and no doubt if they had cast their peepers over my car, that £10,500 could be £11,000

Mighty intrigued
 

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That's nearly £1300 over their last offer, and no doubt if they had cast their peepers over my car, that £10,500 could be £11,000

Mighty intrigued
WBAC never increase their offer when you arrive at their place. I have sold a few cars to them, and I am always pleased with offered price. I did once try to haggle the price up as the guy agreed that my car was in perfect condition, but as it was as I stated on the valuation information, there was no room for manoeuvre. I did not sell that car to them that day, but went back later as I was fed up with the usual tyre kickers when attempting to sell privately.
 

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Just put My car’s details in and comes up with £9165,thats for a car in pristine condition,just under 12 months old with 1500 miles on the clock.
 

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All i can say about your valuation, is that the market must be different in which ever part of the country you live.
Week last Thursday i put in my details, and up came £9125, which even if i was thinking of selling the car, i would never accept.
This morning, another email, with an offer of £10,500.
Either there must be a very keen customer desperate to obtain a mint low mileage Gti, or they know the market has warmed up considerably.
They would not offer that kind of money unless someone was desperate for my car.

Thankfully my car is staying put, but we all know an Up Gti is not a standard Vw Up.
 

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Just put My car’s details in and comes up with £9165,thats for a car in pristine condition,just under 12 months old with 1500 miles on the clock.
You will possibly get an email from them in a week or so advising you that your car value has increased. Happens to me now and again. I check WBAC every month or so for valuations of our cars, and occasionally I get the email with an increase in value.
 

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All i can say about your valuation, is that the market must be different in which ever part of the country you live.
Week last Thursday i put in my details, and up came £9125, which even if i was thinking of selling the car, i would never accept.
This morning, another email, with an offer of £10,500.
Either there must be a very keen customer desperate to obtain a mint low mileage Gti, or they know the market has warmed up considerably.
They would not offer that kind of money unless someone was desperate for my car.

Thankfully my car is staying put, but we all know an Up Gti is not a standard Vw Up.
I live in Liverpool,seventy odd miles away from you but your GTI is worth £1335 more than mine?.Sorry,that does not make sense.
 
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