Fabia vRS Residual Prices.

Tom_vRS · 13-05-2006, 18:37

It seems to me that lots of vRS owners have enjoyed losing very little money on their cars. It was quite common to see year old cars selling for £11k, for which a new one costs a few quid more.

The residuals have been absolutely rock solid for some time, but for some reason I think the bubble will soon burst.

Quote:

Originally Posted by yashicamat

If I were you get it sold ASAP and take what you may consider to be a slightly lower price than you'd like. In the next few months a lot of vRS Fabias will be coming out of warranty and a lot of people will be selling these, the market is likely to flood a bit and used prices drop . . . well, that's my theory and I'm sticking to it.

Like Rob, I can see the above scenario coming true... I think there are a handful of vRS's now out of warranty due to high miles, but as this becomes a common thing I think prices are going to start dropping really quickly.

Why has the vRS enjoyed such rock solid residuals? And what do you think the future holds?

Either way I'm not bothered, I want my car to be worth peanuts when its 4 years old and has 80-100k miles on the clock so I can buy it from the lease company and run it into the ground.

I anticipate paying £2500. Any thoughts?

walkie · 13-05-2006, 18:41

I see them dropping like a stone shortly if I am honest.

ScoobyChris · 13-05-2006, 18:43

Quote:

Originally Posted by Tom_vRS

Why has the vRS enjoyed such rock solid residuals? And what do you think the future holds?

I suspect it's due to Skoda not producing very many of them as they didn't anticipate them being a strong seller (considering the Fabia's target markets). Then when the press gave a few good reviews, demand outstripped supply, but I'd agree with you two (as I've been saying right from the outset) that now supply is outstripping demand, buyers can afford to be more choosey which will bring prices down. Also the fact that several insurance companies have black marked them will not help.

Same thing happened to the Scooby turbo when it came out, but now look at how cheap they are to pick up

Chris

SteVRs · 13-05-2006, 18:43

Sounds good in theory, not sure in practice. I don't know why the residuals have been so strong - I reckon it's due to the dealers keeping them within the network and keeping prices high - unfortunately for used buyers I see this trend continuing - if your dealer has a 2.5 yr old at say 8K, would a private seller sell one at 3yrs for 5K? Hell no, they're going to sell for the most they can. As a result I predict perhaps a softening, but never a big drop.

Volvo used to do the same (keeping most within the dealer network) and it kept their residuals rock-solid even on very old cars.

ScoobyChris · 13-05-2006, 18:57

Quote:

Originally Posted by SteVRs

Sounds good in theory, not sure in practice. I don't know why the residuals have been so strong - I reckon it's due to the dealers keeping them within the network

You'd think this would have happened with the Octy though if they were going to do that. I remember when they first came out they held their value well, but look at how much you've been able to pick one up for for the past few years!

Chris

ChrisRs · 13-05-2006, 19:11

Quote:

Same thing happened to the Scooby turbo when it came out, but now look at how cheap they are to pick up

With or without the Ignition Barrel?

Johnwg · 13-05-2006, 20:05

Quote:

Originally Posted by Tom_vRS

It seems to me that lots of vRS owners have enjoyed losing very little money on their cars. It was quite common to see year old cars selling for £11k, for which a new one costs a few quid more.

The residuals have been absolutely rock solid for some time, but for some reason I think the bubble will soon burst.

Like Rob, I can see the above scenario coming true... I think there are a handful of vRS's now out of warranty due to high miles, but as this becomes a common thing I think prices are going to start dropping really quickly.

Why has the vRS enjoyed such rock solid residuals? And what do you think the future holds?

Either way I'm not bothered, I want my car to be worth peanuts when its 4 years old and has 80-100k miles on the clock so I can buy it from the lease company and run it into the ground.

I anticipate paying £2500. Any thoughts?

To be honest Tom that's why I ditched mine a little over a month ago.
I was faced with either keeping the VRS and spending another £1500 or so on it over the next year for things like Leather Seats, sorting the suspension out etc... and not getting anything back on it (I knew in 2007 the residuals would be no where near what they are now for the reasons outlined in your post) or trade it in for a straight swap on an older car which had Leather Seats, sorted suspension, nice alloys, decent tuning potential and, most importantly, had done most of its depreciation.
Hence why I am the owner of an 03 reg Saab 9-3 2.0t Vector Sports Saloon (not to everyones taste I know), and I love it. Best thing is for half the price of what I was going to spend on the Fabia (i.e. £700) I'm getting it mapped to 210bhp and that will be it - because its got everything else I want from a car as standard.

mdk1 · 14-05-2006, 19:46

Quote:

Originally Posted by Tom_vRS

Either way I'm not bothered, I want my car to be worth peanuts when its 4 years old and has 80-100k miles on the clock so I can buy it from the lease company and run it into the ground.

I anticipate paying £2500. Any thoughts?

Have a look at this

SHERLODGE GARAGE
Skoda Fabia 1.9 TD vRS 5-Dr Hatchback

Skoda Fabia 1.9 TD vRS 5-Dr Hatchback finished in Black Magic Metallic with grey/black sports cross-tuck interior.

Vehicle Details

Date of Registration: 2004 MAR Registration No: GN04GLV

Current Mileage: 90,143 miles* Transmission: Manual

Fuel Type: Diesel Price: £7,995

Specification Includes:

Anti-lock brakes
One previous registered keeper

Driver seat height adjustment
Power-assisted steering

Driver, passenger and side air bags
Radio

Air conditioning
Rear wash wipe

Alarm
Rev counter

16" alloy wheels
Split rear seat

Remote central door locking
12 Mths warranty

Computer
Traction control system

Cruise control
Rake/reach adjustable steering column/wheel

Electric/heated door mirrors
Tinted glass

Front electric windows
Immobiliser

Front/rear head restraints
Single CD player

Heated front seats
Front fog lights

Additional Details:

Registered Keepers: 1
Warranty period: 12 months

Škoda Approved used Benefits
12 months minimum comprehensive parts and labour warranty
12 months minimum Skoda Assistance
Multi-point vehicle inspection check
Vehicle status checks
30 day/1,000 mile exchange
Please refer to www.skoda.co.uk for further details

SHERLODGE GARAGE
26 HOATH LANE WIGMORE GILLINGHAM KENT ME8 0SW
Tel: 01634 377444 Fax: 01634 363361

Internet: http://www.sherlodgegarage.skoda.co.uk

Holding it's value very well, Drives like a new one too

flatfourburble · 15-05-2006, 14:42

I can see the prices droping as old model come out of warrenty and when the newier model comes out.

Am I bothered? Not really chances are I will keep this until I really need to change it (i.e. family on way etc).

Only issues I have is on the insurance front, this might change my plans if they become black listed (I know of one insurance company that has already done this)

Either way I dont see them dropping too much in price!

oskah · 15-05-2006, 21:55

when I first got mine I would see very few on the road. After about a year I was seeing them all over the place sometimes I would be in traffic and see at least two or three in the line in front of me and two or three parked in the supermarket etc (not the same ones) but I knew mine had to go when my girlfriend got one and I couldent face having his and hers black and silver outside my house when she comes round. lost just over a grand in a year and 10,000miles which I thought was ok. Got a mazda 6 sport 136turbo diesel now which I must say I really like, xenons, bose sound system, cruise etc and sticks to the road like mud to shovel. gf still has hers and think she will be keeping it but I can see the prices taking a bit of a hit. there are two outside a dealer near me and they have been there for a while now. when I wanted mine i couldent get one for love nor money.
now it seems they are all over the place, well up here they are anyway.

oskah · 15-05-2006, 21:59

btw I wanted an octy vrs estate but dont want petrol so it looks like I will be waiting a fair time by the looks of things

yashicamat · 15-05-2006, 22:26

I hope my theory is correct so I can afford one within the next 4 years! Otherwise I'll be heading off in the direction of less sensible purchases. . . 944. . . ahem.

ScoobyChris · 16-05-2006, 09:02

Quote:

Originally Posted by mdk1

Holding it's value very well, Drives like a new one too

Assuming it sells for that, yes. But to be honest, who in their right mind would spend that much on a car with 90k miles when there are lower mileage ones about for similar money that aren't selling!

Chris

SteVRs · 16-05-2006, 16:23

Last time I was in Simpsons they said the longest they'd had a used one on the forecourt was 9 days.

faboka vrs · 16-05-2006, 16:32

If the prices drop through the floor I dont care. Mine's here to stay. Cant afford anything else

Plus cant think of anything else I want other than a Propper vRS

SteVRs · 16-05-2006, 20:22

faboka vrs - I clicked on your loaf of bread and they gave me this egg thing?

How very strange.

yashicamat · 16-05-2006, 21:15

SteVRs . . it's spreading! I've got one too!

SteVRs · 17-05-2006, 10:33

How very silly

13-05-2006, 18:41	#2
walkie ............... Join Date: Aug 2004 Location: Monday: MK Tuesday: MK Wednesday: MK Thursday: MK Friday: MK/Home Saturday: Home Sunday: In bed ;o) Posts: 6,606 Thanks: 0 Thanked 1 Time in 1 Post	Re: Fabia vRS Residual Prices. I see them dropping like a stone shortly if I am honest. __________________ Having a little break, concentrate on the more important things in life, swmbo and my training. See you soon folks, take care - James

13-05-2006, 18:43	#4
SteVRs Briskodian Join Date: Sep 2004 Location: Leicestershire Posts: 3,065 Thanks: 4 Thanked 19 Times in 11 Posts	Re: Fabia vRS Residual Prices. Sounds good in theory, not sure in practice. I don't know why the residuals have been so strong - I reckon it's due to the dealers keeping them within the network and keeping prices high - unfortunately for used buyers I see this trend continuing - if your dealer has a 2.5 yr old at say 8K, would a private seller sell one at 3yrs for 5K? Hell no, they're going to sell for the most they can. As a result I predict perhaps a softening, but never a big drop. Volvo used to do the same (keeping most within the dealer network) and it kept their residuals rock-solid even on very old cars. __________________ Engined bike. Engined car. Neither a Skoda - been there, done that

15-05-2006, 14:42	#9
flatfourburble "Bones" Join Date: Jan 2004 Location: Heathrow/Crewe Posts: 5,449 Thanks: 0 Thanked 0 Times in 0 Posts	Re: Fabia vRS Residual Prices. I can see the prices droping as old model come out of warrenty and when the newier model comes out. Am I bothered? Not really chances are I will keep this until I really need to change it (i.e. family on way etc). Only issues I have is on the insurance front, this might change my plans if they become black listed (I know of one insurance company that has already done this) Either way I dont see them dropping too much in price! __________________ Oh to have the internet back..................oh have I missed it

15-05-2006, 21:55	#10
oskah Briskodian Join Date: May 2005 Location: N wales Posts: 98 Thanks: 0 Thanked 2 Times in 2 Posts	Re: Fabia vRS Residual Prices. when I first got mine I would see very few on the road. After about a year I was seeing them all over the place sometimes I would be in traffic and see at least two or three in the line in front of me and two or three parked in the supermarket etc (not the same ones) but I knew mine had to go when my girlfriend got one and I couldent face having his and hers black and silver outside my house when she comes round. lost just over a grand in a year and 10,000miles which I thought was ok. Got a mazda 6 sport 136turbo diesel now which I must say I really like, xenons, bose sound system, cruise etc and sticks to the road like mud to shovel. gf still has hers and think she will be keeping it but I can see the prices taking a bit of a hit. there are two outside a dealer near me and they have been there for a while now. when I wanted mine i couldent get one for love nor money. now it seems they are all over the place, well up here they are anyway.

15-05-2006, 21:59	#11
oskah Briskodian Join Date: May 2005 Location: N wales Posts: 98 Thanks: 0 Thanked 2 Times in 2 Posts	Re: Fabia vRS Residual Prices. btw I wanted an octy vrs estate but dont want petrol so it looks like I will be waiting a fair time by the looks of things

15-05-2006, 22:26	#12
yashicamat 114whp per ton Join Date: Nov 2005 Location: Macclesfield, Cheshire Posts: 2,670 Thanks: 37 Thanked 34 Times in 31 Posts	Re: Fabia vRS Residual Prices. I hope my theory is correct so I can afford one within the next 4 years! Otherwise I'll be heading off in the direction of less sensible purchases. . . 944. . . ahem. __________________ Rob Nissan Primera GT in Silver '56 Octy 2 2.0TDi Elegance . . . also gone but not forgotten 2002 Fabia 1.9TDi . . . . gone but not forgotten http://uk.youtube.com/yashicamatonline

16-05-2006, 16:23	#14
SteVRs Briskodian Join Date: Sep 2004 Location: Leicestershire Posts: 3,065 Thanks: 4 Thanked 19 Times in 11 Posts	Re: Fabia vRS Residual Prices. Last time I was in Simpsons they said the longest they'd had a used one on the forecourt was 9 days. __________________ Engined bike. Engined car. Neither a Skoda - been there, done that

16-05-2006, 16:32	#15
faboka vrs Briskodian Join Date: Oct 2003 Location: Merseyside Posts: 6,048 Thanks: 14 Thanked 46 Times in 46 Posts	Re: Fabia vRS Residual Prices. If the prices drop through the floor I dont care. Mine's here to stay. Cant afford anything else Plus cant think of anything else I want other than a Propper vRS __________________ John 2004 Skoda Fabia vRS - Xenons - Heated Seats - Cruise Control - Passenger Airbag Deactivation switch - Side Airbags

16-05-2006, 20:22	#16
SteVRs Briskodian Join Date: Sep 2004 Location: Leicestershire Posts: 3,065 Thanks: 4 Thanked 19 Times in 11 Posts	Re: Fabia vRS Residual Prices. faboka vrs - I clicked on your loaf of bread and they gave me this egg thing? How very strange. __________________ Engined bike. Engined car. Neither a Skoda - been there, done that

16-05-2006, 21:15	#17
yashicamat 114whp per ton Join Date: Nov 2005 Location: Macclesfield, Cheshire Posts: 2,670 Thanks: 37 Thanked 34 Times in 31 Posts	Re: Fabia vRS Residual Prices. SteVRs . . it's spreading! I've got one too! __________________ Rob Nissan Primera GT in Silver '56 Octy 2 2.0TDi Elegance . . . also gone but not forgotten 2002 Fabia 1.9TDi . . . . gone but not forgotten http://uk.youtube.com/yashicamatonline

17-05-2006, 10:33	#18
SteVRs Briskodian Join Date: Sep 2004 Location: Leicestershire Posts: 3,065 Thanks: 4 Thanked 19 Times in 11 Posts	Re: Fabia vRS Residual Prices. How very silly __________________ Engined bike. Engined car. Neither a Skoda - been there, done that

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