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Golf R, used or new?

Golfer883

Ready to race!
Location
IL
There is a guy selling a 2018 gti SE with like 12,000 miles near me for 22,000, like new. I can get a new 2019 gti SE for 5 grand off sticker so 30,000. I can maybe talk the guy down to 20 grand so I would save 9-10 grand vs new.

Once I bought that 2018 gti SE for 20 grand. I could turn around a month or two later and still get 20,000 if I sold privately. There isn’t any immediate depreciation, kbb doesn’t ask what owner in line you are before giving a number you can reasonably ask for, it may not look as good being second owner though.

Trading in a car is different, they rip you off each way they can. You had some good points about the used car having tires, brakes etc with more wear but you are still saving like I mentioned above, 9-10,000 dollars
 

Mk_GTI

Ready to race!
Location
Hellinois
There is a guy selling a 2018 gti SE with like 12,000 miles near me for 22,000, like new. I can get a new 2019 gti SE for 5 grand off sticker so 30,000. I can maybe talk the guy down to 20 grand so I would save 9-10 grand vs new.

Once I bought that 2018 gti SE for 20 grand. I could turn around a month or two later and still get 20,000 if I sold privately. There isn’t any immediate depreciation, kbb doesn’t ask what owner in line you are before giving a number you can reasonably ask for, it may not look as good being second owner though.

Trading in a car is different, they rip you off each way they can. You had some good points about the used car having tires, brakes etc with more wear but you are still saving like I mentioned above, 9-10,000 dollars
Congrats, you got a decent deal at $4k under market. That's wholesale value, which is why you can immediately turn it around for what you paid, but you are losing out on any profit because you're selling it for well under market value not to mention whatever costs you incurred buying the vehicle (tax, title, license, etc).

BTW, you're not "saving $9-10k off new". You are buying a vehicle that has been in service for one year and 12k miles. You save "$9-10k off new" when you buy a brand new one for $9-10k off. Don't fool yourself with the semantics.

Not every deal is the same. People sell for different reasons and for different prices. Some people know the car market, most don't. There's too many factors to say that all cars depreciate 25% instantly but no used cars ever do" to be firmly true.
 

Golfer883

Ready to race!
Location
IL
Congrats, you got a decent deal at $4k under market. That's wholesale value, which is why you can immediately turn it around for what you paid, but you are losing out on any profit because you're selling it for well under market value not to mention whatever costs you incurred buying the vehicle (tax, title, license, etc).

BTW, you're not "saving $9-10k off new". You are buying a vehicle that has been in service for one year and 12k miles. You save "$9-10k off new" when you buy a brand new one for $9-10k off. Don't fool yourself with the semantics.

Not every deal is the same. People sell for different reasons and for different prices. Some people know the car market, most don't. There's too many factors to say that all cars depreciate 25% instantly but no used cars ever do" to be firmly true.
go to kbb.com and look up 18 gti SE minus leather with 12,000 miles. In excellent condition private sale range is 21,800 - 23,600 so he has it priced right at 22,000. Not sure where you are getting 4g under market?? He’s literally using the kbb used value for private seller
 

Mk_GTI

Ready to race!
Location
Hellinois
go to kbb.com and look up 18 gti SE minus leather with 12,000 miles. In excellent condition private sale range is 21,800 - 23,600 so he has it priced right at 22,000. Not sure where you are getting 4g under market?? He’s literally using the kbb used value for private seller
KBB, NADA, Edmunds, etc are nothing more than a rough guide that leans heavily towards the consumer and tends to give generous numbers because they want you to use their service to make money. Black Book is the most accurate because the vehicle values are figured using actual auction data, but you need to be a dealer to get that.

Autotrader.com and Cars.com, where actual cars are priced with actual prices, the average 2018 SE with a manual, 12k miles is around $23.5-25k. Go look for yourself at www.cars.com. The prices dealers list on the internet are usually close to their bottom price.The internet has definitely shifted car buying power to the buyers. The longer it sits in inventory, the more the price drops until the dealer sends it to auction before they lose money on the car - usually 90 days.

Remember, the only true number is what someone actually pays you for your car and what number you are willing to accept.
 
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Golfer883

Ready to race!
Location
IL
KBB, NADA, Edmunds, etc are nothing more than a rough guide that leans heavily towards the consumer and tends to give generous numbers because they want you to use their service to make money. Black Book is the most accurate because the vehicle values are figured using actual auction data, but you need to be a dealer to get that.

Autotrader.com and Cars.com, where actual cars are priced with actual prices, the average 2018 SE with a manual, 12k miles is around $23.5-25k. Go look for yourself at www.cars.com. The prices dealers list on the internet are usually close to their bottom price.The internet has definitely shifted car buying power to the buyers. The longer it sits in inventory, the more the price drops until the dealer sends it to auction before they lose money on the car - usually 90 days.

Remember, the only true number is what someone actually pays you for your car and what number you are willing to accept.
so you are going off dealer prices vs private seller, aka the guy who lives next to you. I agree dealer prices are higher than kbb private sale. The dealer has expenses they pay (salesman, managers, maintenance etc etc ) for the cars on their lot so they charge more than the guy up the street selling his car. Plus the dealer will the tools to detail the car better than your neighbor selling a car plus they are much more convenient. That’s the reason they are able to charge more, I can list my car for dealer prices but I’m going to have a hard time selling it since I don’t offer the perks the dealer has.
 

Mk_GTI

Ready to race!
Location
Hellinois
so you are going off dealer prices vs private seller, aka the guy who lives next to you. I agree dealer prices are higher than kbb private sale. The dealer has expenses they pay (salesman, managers, maintenance etc etc ) for the cars on their lot so they charge more than the guy up the street selling his car. Plus the dealer will the tools to detail the car better than your neighbor selling a car plus they are much more convenient. That’s the reason they are able to charge more, I can list my car for dealer prices but I’m going to have a hard time selling it since I don’t offer the perks the dealer has.
Since dealers offer the vast majority of used 2018 SE's on the market, they are a good indicator for a range of what a particular model is selling for in that market. I would always assume a private party sale would go for less money for the reasons you list.
 

MyGolfMk7

Ready to race!
Location
FL
Ride
B5 S4, Mk7 GTI
Correct. A buying a used vehicle isn't immune from steep depreciation, just like a new one. When you sell eventually the used vehicle, it depreciates just like a brand new one. Just because you bought a used one year old vehicle for 20% off the price of a new one doesn't mean you won't lose another 15-20% a year later when you sell.

Most vehicles depreciate around 40-50% in the first three years. How much it depreciates whether new or used depends on the vehicle.

Figure that that car bought new has also used up 6k-12k miles on the tires, warranty, wear & tear, possible accidents, etc. So that instant 20% drop starts to become less unless that new car was traded in immediately after it was purchased. If you sell that brand new vehicle a year later, the depreciation isn't likely to be 40% unless you bought a car that no one wants, like a Mitsubishi Mirage.
I was considering the situation posed by the OP where they are considering buying new versus a '16-'18 with 30-40k on it.

I agree the used car will depreciate, but I haven't found any information that suggests cars have a constant rate of depreciation from the time they are sold to a period of time multiple years later. Every source I have seen indicates during the first 12 months the vehicle will experience a higher rate of depreciation than in any subsequent 12 month period.
 

Mk_GTI

Ready to race!
Location
Hellinois
I was considering the situation posed by the OP where they are considering buying new versus a '16-'18 with 30-40k on it.

I agree the used car will depreciate, but I haven't found any information that suggests cars have a constant rate of depreciation from the time they are sold to a period of time multiple years later. Every source I have seen indicates during the first 12 months the vehicle will experience a higher rate of depreciation than in any subsequent 12 month period.
That is highly dependent on the vehicle purchased. Some vehicles depreciate much faster than others, some hold their value incredibly well. A vehicle depreciates most in the first five years, but then vehicle has also already been in service for five years and is probably out of warranty.
 

MyGolfMk7

Ready to race!
Location
FL
Ride
B5 S4, Mk7 GTI
That is highly dependent on the vehicle purchased. Some vehicles depreciate much faster than others, some hold their value incredibly well. A vehicle depreciates most in the first five years, but then vehicle has also already been in service for five years and is probably out of warranty.
Agreed, I'm referencing general trends. I started off by mentioning that the 10-15k saved up front would buy a lot of maintenance with the thought that some ongoing maintenance, that would not be covered by a warranty, would be needed during the period of ownership.
 

Genegenie

Go Kart Champion
Location
North Yorkshire
Always bit risky with used stuff, I've had some great deals and also been stung, kinda luck of the draw though one can reduce the risk. While one may give a 'thrashed within an inch of its life from cold - car loved it' ads a miss, unless really (really) cheap but the 'one owner from new, low miles' ads also require caution. Knew a guy with no disabilies but was so lazy if breathing wasn't mostly automatic he'd suffocate, would drive 100 yds through traffic plus a road junction and back every day to pick up his newspaper, his car was indeed low miles but he never, ever selected neutral (manual gearbox) or used the handbrake "too much messing about" apparently. So a good idea to maybe to have the seller take you for a quick spin just to observe their driving style. Wish I'd recorded the brand of car battery he had, as his car (FIAT) never let him down....
 
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