Resale value in light of recent events

[SagaciousB]

I'd second that. It's classic panic mentality. I was checking in out of curiosity, and because they have the exact model/options/color I want on the lot. I actually tried the same thing a few months ago, but we were about $1000 from having it make sense. I figured I would see if the bonus would fix that issue. Anyone who sells for a huge loss is going to regret it in a few months.

I'm not so much panicking as having my decision to upgrade to a 2016 pushed a bit earlier. I was already looking at a 2016 SE model before this whole thing happened. I was hoping to avoid the 40k service cost, and get Android Auto and a sunroof. But, yeah, if the panic is causing such low trade-in pricing, then now is DEFINITELY not the time to upgrade! VW would have to offer like an $8k loyalty incentive to make up for the low value, and that's just not going to happen.

 

[gnuworldorder]

What you owe on the car and what the car is worth is mutually exclusive. I owe nothing on my car, does it mean I should get what I owe? I never understood, why people think they should get what they owe.

Because if some hits my car and totals it my insurance will cut me a check for the value of the car before it was hit which is less than my loan even tho I put 10k down on it

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[no-blue-screen]

Really? That's the reason you want to get rid of your car? And then purchase from a manufacturer that has never had a blemish on their record?
We get lied to all of our lives.

Yes for me the trust has been broken. I am not getting rid of the car so I have not even though about a replacement.

While it may be true we get lied to all our lives that doesn't make it OK....at least in my case.

 

[IndigoBlueWagon]

Because if some hits my car and totals it my insurance will cut me a check for the value of the car before it was hit which is less than my loan even tho I put 10k down on it.

So change your insurance policy to cover replacement cost. Then drop the coverage when the dust settles.

VW Credit has gap insurance as part of their lease agreements. Not sure if they offer it on loans.

 

[Caseyb476]

I'm not so much panicking as having my decision to upgrade to a 2016 pushed a bit earlier. I was already looking at a 2016 SE model before this whole thing happened. I was hoping to avoid the 40k service cost, and get Android Auto and a sunroof. But, yeah, if the panic is causing such low trade-in pricing, then now is DEFINITELY not the time to upgrade! VW would have to offer like an $8k loyalty incentive to make up for the low value, and that's just not going to happen.

Right there with you. We were looking a few months ago, but there is effectively no documented 'blue book' for a used 2015 yet, so they low balled me at the time.

I do think the current valuation are based on panic selling and dealers unwilling to take on risk. I'm not personally panicking, but if I sold today, I would have to do it at a panic price.

 

[gnuworldorder]

So change your insurance policy to cover replacement cost. Then drop the coverage when the dust settles.

VW Credit has gap insurance as part of their lease agreements. Not sure if they offer it on loans.

Yes because I'm made of money and want to spend more on top of my almost 1000$ a year insurance already because vw ****ed up. Come on man use your head

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[no-blue-screen]

Cooler heads prevail. Control what you can control and control how you react to things you can't control. I am mad as hell about this...but for me it always works out best to do the logical thing. If you don't know what the logical thing is then simply do nothing. Gap coverage is good to have on any new car that your making payments on...I always recommend it to friends and family. It's relatively inexpensive piece of mind IMO.

 

[rickc007]

2014 Jetta TDI Premium
33k miles

15-16k trade in toward a GTI is what I was just quoted

 

[gnuworldorder]

Cooler heads prevail. Control what you can control and control how you react to things you can't control. I am mad as hell about this...but for me it always works out best to do the logical thing. If you don't know what the logical thing is then simply do nothing. Gap coverage is good to have on any new car that your making payments on...I always recommend it to friends and family. It's relatively inexpensive piece of mind IMO.

I have full tort so I if that happens I can probably make more than enough with pain and suffering, loss of income etc. Plus it might actually work out since I need my hip replaced again soon. Having that paid for would be nice

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[IndigoBlueWagon]

Yes because I'm made of money and want to spend more on top of my almost 1000$ a year insurance already because vw ****ed up. Come on man use your head

Insurance is to cover the cost of something (accident, illness, death) that an individual cannot afford pay for out of pocket in the event it happens. Sounds like the situation you're in. I bet the additional coverage cost would be minimal.

Good thing you don't live in MA. Coverage on my '12 Golf was $1,600 the first year. And I live in the suburbs, have a good driving record, and got a multi-car discount. I would have loved at $1,000 premium.

 

[Cutandthrust]

2014 Jetta TDI Premium
33k miles

15-16k trade in toward a GTI is what I was just quoted

That's not as bad as it could be. As right before the scandal when I bought my '15 GSW TDI, my dealer actually had two brand new '14, SEL TDI (auto) JSW's that were un sold. Sticker was $28K and some change, and the dealer was going to sell this to me for $19,500 + Lic & tax. This was a brand new un-sold JSW TDI, with about 130 miles on the odometer.

 

[jcpca356]

looks like i'm going shopping

 

[Caseyb476]

I received a trade in offer of $19,100 for my '15 Golf TDI SE, man, lighting package, with 15k miles and some hail damage. This was from a Nissan dealer and they haven't seen the car yet (they are aware of the hail damage).

Considering they haven't seen the vehicle, aren't a VW dealer, have to adjust for body work AND it's trade in value, I would say that's not terrible.

 

[showdown 42]

Sounds like amazingly good deal,but it's not a TDI.

 

[Caseyb476]

Sounds like amazingly good deal,but it's not a TDI.

Nope, but it gives 'some' insight into how values are affected.

 

[Sosin]

Who cares about the possible depreciation #'s. If your truly a TDI enthusiast then the last thing on your mind is selling it. Most people who buy TDI's buy them because they are unique and love the Hell out of them. They're not buying them to turn around and sell them in a few years. We keep these things until 300,000 to 350,000 miles. They're truly incredible cars and if you didn't buy one to keep it until you can't fix it anymore then you do not deserve to have one.

Oh and loan/lease gap coverage is roughly $10-$15 a year. I know because I'm an insurance agent. The majority of your insurance premium is in your comp and coll coverage.

Ronnie

 

[Random_Vibration]

Who cares about the possible depreciation #'s. If your truly a TDI enthusiast then the last thing on your mind is selling it...

I do if the car gets totaled. I'd care alot! I would like to replace it without losing my shirt in the process.

 

[dieselgrandad]

Good thing you don't live in MA.

Well, THERE'S your problem!

 

[totitan]

I was happy to get 14K two and a half weeks ago when I traded in my 12 JSW tdi for a 16 GSW tsi. I doubt that I could come close to that today

 

[william9]

I can understand being pissed if your resale/trade value has taken a hit in the short term, but I'm one of many (I hope) who are still waiting patiently to buy a new one. I can't imagine any market drop being long lasting once this gets resolved, particularly if you allow the fix to be performed. Fix it and move on if you like. There will always be a market for these cars. Knee jerk selling is never going to bring top dollar, IMO.

VW lied, but no one was hurt (though there will very likely be some serious eye roll stories in the coming months) and most seemed to love their cars before this news broke.

I'm still holding tight for a '16 or '17 GSW TDI SEL 6MT. If there were anything even remotely similar I'd give it a look. The gasser would do if I could get a manual. Without that option, and no lighting package on the S, no bueno.


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[oblivious]

So VW gave me a little more MPG's and a bit more performance and didn't let the EPA know. Big deal!! I was in the middle of figuring out how much it would cost me to have a DPF and EGR delete that I can reverse cheaply every other year so that my golf can pass smog. This just pushes everything a bit back since I have to see if I will be required to have my car "fixed" in a recall. Once all of that settles....I will end up deleting the DPF and EGR that the EPA wants me to have on there anyway. I'm sure most TDI owners wouldn't want their vehicles "fixed" as there is nothing wrong with them. From what I've read, the software "turns on" all of the emission reducing performance absorbing equipment in the car during a test. Once test is over......it has its "freedom" again. Lower resale values? think of it as an investment for fun. It has been fun, and hopefully will continue to be fun owning a TDI.

 

[william9]

I'm with you. But, this is about resale value which will be tied to the buyer being able to register and drive the car. If you're going to drive it into the ground yourself, and have a workaround, then resale is irrelevant. Except perhaps for insurance purposes.


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[IndigoBlueWagon]

I was at my local TDI Guru's last night and he told me a customer just bought a '12 Passat SEL with 117K on it for $8,700.

 

[aja8888]

I was at my local TDI Guru's last night and he told me a customer just bought a '12 Passat SEL with 117K on it for $8,700.

Just throwing out a statement like this without "qualifiers" is ineffective and may be misleading to many of the folks here.

Is this statement an endorsement that all "affected" Passat's have lost this much value or is it a data point that there are panicking sellers out there?

Also, when stating an event like this, it would be clearer if you stated the condition of the car, the title status (salvage? other?), whether or not it was a bank repo, was wrecked, etc.

 

[IndigoBlueWagon]

I think it's a data point that there are panicking sellers out there, in this case, a dealer. I believe it was an SEL (he mentioned navigation) and it was a trade in good condition, not salvage or repo. Due for a timing belt, but otherwise needed nothing.

As I watch ads from individual sellers here and on CL it appears their asking prices are driven by what they think the car should be worth, or, probably more frequently, what they owe on it. But it also seems that they aren't selling. Not surprising since we don't know what we're going to have for performance or economy post-recall. That wouldn't trouble me because I can always get the car chip tuned post recall, and as long as it shows readiness it'll pass emissions here in MA. But others may not think that way.

If someone dumps a car at a very low price right now it's impatience winning over good judgement, IMO.

 

[rickc007]

2014 Jetta TDI Premium
33k miles

15-16k trade in toward a GTI is what I was just quoted

Well, the above was from another dealer ...
Just went to the dealer I bought it from, and he quoated 13.5k

Which is about 50% depreciation from when I bought it, a year and a half ago ???

 

[aja8888]

Well, the above was from another dealer ...
Just went to the dealer I bought it from, and he quoated 13.5k

Which is about 50% depreciation from when I bought it, a year and a half ago ???

Dealers are taking advantage of the emissions scandal situation. Trade/retail pricing won't be normalized until this all passes. Keep your car or sell it privately.

 

[HappyRican]

in 2004 you couldn't get a TDI MK4 in California from a dealer since they didn't pass CARB restrictions but there were dealers bringing in used cars with low miles and selling them with a markup and getting asking price all day long. My sense is the longer cars are unavailable the easier it will be to sell it. On the other hand if someone decides to drop their pants on an MK6 or Audi A3 I'd scoop it up in heartbeat

 

[boy412]

Interesting thread! I'm glad I stopped in.



I'm still loving my '15 GSW (SEL, DSG, Lighting Package) and have no intention of selling it. Because then I'd have to replace it. And with what? The closest thing is a BMW 328d and that is a $hitload more money.

Like all of us I am curious about how VW is going to address this. Some money would be nice.

 

[ssffnomad]

We did not go after a 2015 GSW TDI MT6 SEL w/ Light Package. We test drove, looked at colors inside & out. Not in a rush, buying a Quality Car to have for 10-15 years. As with Family spread all over the country. Many miles in future.
Green Light from Mrs. To do what ever I want. All she asks for is a Manual , as she has not had one in a few years. Space to haul items to Family . And Pano Roof that she loves.
I held off for 16' , not wanting to buy first year off new Car/Motor. Although it's be produced elsewhere for awhile.
Sh**, could of , should of, **it.