Just Bought new Octavia vRS - Have I got a good deal?

H0wz3r

H0wz3r

H0wz3r

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Location
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Hi guys,

Been driving a Fabia vRS from new since January 2005 and have just traded it in today for a new Octavia VRs TDI.

Dealer gave me £7k for my car as a trade-in (34000 miles, standard spec, no extras) and I managed to get the Octy for £20k flat including the following extras:


Dual-zone air-con, rear electric windows and jumbo box
Rear parking sensors
18" 'Zenith' alloys
Xenon headlights & headlight washers
Auto dimming rear view mirror with rain sensor & light assistant
Metallic paint (Silver)
Electric sunroof (slide & tilt)
Cruise control
Maxi-dot trip computer
3 Years free servicing


The extras I chose were xenons, parking sensors and cruise control. All the others came with it as it was on their stock list (in case you're wondering why there's both a sunroof AND air-con!)

Do you think I got a good deal? Seems good to me but hard to judge considering all the extras it comes with!
 
that car is 18.3k on drive the deal,you could probbably sell your car without hassle at the p/ex price of 7k, you could probbably get more.

Part-exchange Price:
Excellent condition:
£7350
Average condition:
£6690
Below average condition:
£5890

You could get 7.5-8k as its a desirable car.

So no, you got shafted for an additional 2k.

That's probbably not what you wanted to hear. If you paid £100 odd deposit. Tell him to keep it and tell him the deal is off.

Oh, also that doesnt include servicing, but 3 services shouldnt be more than£500 or so.

Edit- that was assuming you went for the petrol.
The diesel is 19.7k
 
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I just specced one up on Broadspeed.

A vRS with no options specified is £15910.

Selecting all the options you posted it came to £19079 OTR.

So not a brilliant deal really.

Only a good deal if you do a lot of miles and get 5+ services in the 3 year period.
 
Skodas are great cars but the whole point is that they offer fantastic value.

Spending £20k on a Skoda Octavia diesel just seems to defeat the object really.
 
Hmm.. That's nearly Audi A4 TDi 170 money, give or take mere grand...
 
It always amazes me that people ask if they've got a good deal after the event.

Why not ask before saying yes?
 
Gilly said:
It always amazes me that people ask if they've got a good deal after the event.

Why not ask before saying yes?
Click to expand...

LOL I agree with you generally but I already thought I had a reasonable deal at the time of sale. I knew what I wanted to pay, how much my car was worth and how much the OTR price was for the diesel hatchback.

I don't agree that you could get a 'far' better car for £20k, especially not an A4 with those specs, you're looking at least £22.5k just for the S-Line 170bhp and that's before you start adding extras.

The reason I went for the Skoda is because I haven't seen another car I like over the last couple of years and the garage I got it from (D M Keith in Wakefield) have been so good to me with my Fabia.

As regards the p/x price for my car, I don't think I've been leeched at all in that respect - the price guide on Parkers says that my car should get about £7350 in EXCELLENT condition which means fully prepared ready to sell, including any scratches etc that may have needed sorting out. To get £7k flat for a p/x isn't bad really and apart from which, it isn't the be all and end all - the dealer can just haggle the price on the car you're buying as he has more flexibility that way.

I know you'll always get the car cheaper from anywhere but a dealer, but then again when things go wrong, and I mean that in a whole host of ways not just with the car, at least I've got a local contact and a face to talk to.

To digress, the reason for the question was not for a 'yes mate, it's a stonker' or 'no mate, you were screwed' - it's because I don't often get to hear about deals that other people have done with a similar car. If I thought I'd been screwed over that much, I would have gone back to cancel by now!
 
Gilly said:
It always amazes me that people ask if they've got a good deal after the event.

Why not ask before saying yes?
Click to expand...

I've always thought that, ask for advice before you do the deal. By all means post he thread after, but do it to show off your new toy...

A quick Autotrader search for sub 40k 3 year old cars shows that you could have got an easy extra £500 for your Fabia, even priced for a quick hassle free sale.

The standard car at Drivethedeal is £16493, with the options you actually wanted, the car is £17355, and £19251 as specified. £750 for 3 years servicing is rather high for ~40k miles, but not nearly as much of concern as paying £1900 for unwanted options?

Saying that, I'd probably have specc'd most of those options anyway (bar a £665 headroom sapping sunroof in a dual zone air-con equipped car!) but gone for front and rear parking sensors, in Black, used the £500+ gained by selling quickly privately to cover the 3 years servicing, paid £18881, and gone on holiday/offset the horrific depreciation associated with buying a new car with the rest.

In short, if you got an uber finance deal, the deal for the car you've got, isn't too bad, but significantly (£2645!) more than you needed to pay for the you actually wanted.
 
Kingy said:
A quick Autotrader search for sub 40k 3 year old cars shows that you could have got an easy extra £500 for your Fabia, even priced for a quick hassle free sale.
Click to expand...

What cars are on autotrader for, and how much they actually go for are two different things though...

£500 loss for a trade in isn't actually that bad over a private sale.
 
ethos said:
What cars are on autotrader for, and how much they actually go for are two different things though...

£500 loss for a trade in isn't actually that bad over a private sale.
Click to expand...

True, which is why I said you could get 'an easy extra £500' rather than quoting advertised prices.

Whether £500 is worth the inconveinience of a quick sale is down to personal opinion. I can see why someone would take a couple of hundred quid less just to get it over and done with, but I'd bet £50 on an advert if I thought I could get >£500 more, while selling in a couple of days...
 
H0wz3r said:
LOL I agree with you generally but I already thought I had a reasonable deal at the time of sale. I knew what I wanted to pay, how much my car was worth and how much the OTR price was for the diesel hatchback.

I don't agree that you could get a 'far' better car for £20k, especially not an A4 with those specs, you're looking at least £22.5k just for the S-Line 170bhp and that's before you start adding extras.

The reason I went for the Skoda is because I haven't seen another car I like over the last couple of years and the garage I got it from (D M Keith in Wakefield) have been so good to me with my Fabia.

As regards the p/x price for my car, I don't think I've been leeched at all in that respect - the price guide on Parkers says that my car should get about £7350 in EXCELLENT condition which means fully prepared ready to sell, including any scratches etc that may have needed sorting out. To get £7k flat for a p/x isn't bad really and apart from which, it isn't the be all and end all - the dealer can just haggle the price on the car you're buying as he has more flexibility that way.

I know you'll always get the car cheaper from anywhere but a dealer, but then again when things go wrong, and I mean that in a whole host of ways not just with the car, at least I've got a local contact and a face to talk to.

To digress, the reason for the question was not for a 'yes mate, it's a stonker' or 'no mate, you were screwed' - it's because I don't often get to hear about deals that other people have done with a similar car. If I thought I'd been screwed over that much, I would have gone back to cancel by now!
Click to expand...

Majority of the online websites are brokers for the dealers. If you buy from them, they will tell you which dealer will sell the car to you at that price.
If anything goes wrong with the car, it's back to your local dealer for your 3 yr warranty.
 
Doesn't really matter much what you paid for it now, but there was at least another £1500 discount to come off that price and still leave a decent margin for the dealer.

The most telling thing is that it will cost you about £11-£12k in depreciation over 3 years, which is a lot.
 
jamoor said:
Majority of the online websites are brokers for the dealers. If you buy from them, they will tell you which dealer will sell the car to you at that price.
If anything goes wrong with the car, it's back to your local dealer for your 3 yr warranty.
Click to expand...

The average discounted price with all the options comes in at about £19500 I've found, not incuding 3 years free servicing so I don't think I would save as much as some people seem to think I would.

The last thing is that I got a great deal on finance. I worked out that it's actually only going to cost me about 400 - 500 quid in interest over the next 3 years so I can put the large wad of cash I would've spent into savings and gain much more interest that way.

All the extras it comes with I would actually specify (with the exception of the sunroof) if the discount was worth it.

Thanks for all the input so far, shows just how wide the gap can be depending on what you're looking for and what you're prepared to sacrifice!
 
Everyne knows you don't buy new cars get one thats 6 months to a year old with less than 10k on the clock , you can pick them up for around 14k-15k which would save you 5k, thats a few nice holidays!.
 
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