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Discussion Starter · #1 ·
Well I guess its time to knuckle down and hold on....

Had a great offer last week on a new Z4M Coupe, brand new, unregistered, full spec, lists at £46,205,00 so imagine my suprise when I was told I could have it for £35k all in. Now for the problem, to px my beloved 6 month old 57 R32 DSG (full spec) I have been offered trade prices starting at..........wait for it....£16,500.00 - £19,000.00 ! Nice, only lost 8k in 6 months ! Apparantly, all the dealers have stopped buying stock and have closed their chequebooks (sensible if we're heading towards a recession I guess!)

The second problem was finance, even though the base rate is unchanged at 5%, I am getting quoted at 8.8% (this was 6.1% 3 months ago), so the damn thing would still end up costing over 42k ! I didn't really want to sell the Golf, its just this deal looked so good until all the factors were taken into account, I guess during a recession, the first thing to go is the metal on the driveway :dong:

Needless to say, I won't be giving the car away !
 

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.:R32OC Site Contributor
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5,616 Posts
Sounds like the dealers are not only keeping their cheque books closed but are also having to give away their stock!

Sign of the times indeed!
 

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842 Posts
just shows that now is not the time to be selling really!

should have waited to buy mine now instead of earlier this year! lol
 

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887 Posts
I'm trying to sell another car just now and no garages will take it and not had a single enquiry from PH or autotrader.

The depreciation on the MKV is brutal just now, hopefully it stabilises again once the hysteria has calmed down.
 

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.:R32OC Site Contributor
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595 Posts
The money supply has been turned off so people are not able to buy expensive things as easily any more. This plus our car-hating government's stance on VED means the R32 is not loved by anyone other than the hard core enthusiast. The same can be said for any other car in the £400+ tax bracket.
 
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