I wrote a reply but it didn't come up... hmmm....
in a nutshell - no I'm not desperate for the money but I've made my mind up I'm selling and therefore she's gotta go. Need space. Need to get my wife a car and me something smaller. I did 3k of work recently but 6k this year (not upgrades ie work-work) ... don't think I'm asking silly money either 14,250....
Market forces....
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Cornishmoocher
- Top Gear
- Posts: 1957
- Joined: Wed Mar 12, 2008 10:55 pm
- Location: FY/Kernow
RE: Market forces....
Quite agree, £14250 is nothing to pay for one of these. Whoever gets it will get a cracking car. Bide yer time matey... 
It's all Bollox.
Half of what you read is bull and the other half is all <beep>.
Half of what you read is bull and the other half is all <beep>.
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white23
- 2nd Gear
- Posts: 212
- Joined: Sun Dec 20, 2009 1:42 am
- Location: London & South Wales
- Contact:
RE: Market forces....
thats re-assuring because I was starting to wonder if I was in cloud cuckoo land or something. Not one frigging call though!
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Cornishmoocher
- Top Gear
- Posts: 1957
- Joined: Wed Mar 12, 2008 10:55 pm
- Location: FY/Kernow
RE: Market forces....
Mine was for sale at 17, 16 15 & finally 14, then the phone did not stop ringing..... took over a month tho......
It's all Bollox.
Half of what you read is bull and the other half is all <beep>.
Half of what you read is bull and the other half is all <beep>.
I hope this amount come up if (when) mine finally sells, just glad there has only been 1 daytona.
Someone has said on srs that a low price will put just as many people off as a high price.
dunc
Someone has said on srs that a low price will put just as many people off as a high price.
dunc
previous- Pug 205 gti, 306 gti, 309 gti Goodwood.
Audi S3, S4 V8 avant.
Porsche Macan Turbo.
Gone but NEVER forgotten - C5 RS6 Misano red avant.
Now - Empty garage
If you don't know where you're going, any road will take you there!
Audi S3, S4 V8 avant.
Porsche Macan Turbo.
Gone but NEVER forgotten - C5 RS6 Misano red avant.
Now - Empty garage
If you don't know where you're going, any road will take you there!
you wont have any issues selling it at £14,250 ... dont budge from there, it might take a while, but it will sell.
coming back to the original topic, market forces ... the reason(s) the market price for these cars is so much lower than we all hope, is not down to me or other people commenting on these forums, to believe that is the reason why our cars are not worth what we think they are is just not living in the real world and is ignoring any number of the below :
- erm .... recession ! quite a bad one so I've heard?! and all that goes with it, job uncertainty etc etc
- run up to xmas just beginning
- petrol is £1.25 pl
- 19mpg
- car insurance premiums up YoY at record rates (20%+?!)
- uncertaintly over K band car tax going forward
- running costs (tyres, brakes, servicing)
- repair costs / need for a warranty
- cars are now between 8 and 6 years old ... majority 7 yrs ... cars still depreciate !
- based on an even older car (A6 came out '97)
looking at Autotrader, 80% of C5's are for sale from Traders ... its the motor trade that set the market price, influenced by all the above factors and some more specific to their businesses (i.e. vehicle funding)
bottom line is I would love these cars to be worth what we think they are I would love to have sold Darth for £17k, ask Bam_Bam if he thinks he's worth £17k, its a fecking great car ... I would love it if Mooch got what his beast deserved, it was a beast ... and I would have loved it if Eddie's beast got £18/19k as it IS stunning ... but we all live in the real world, as harsh as it may be
coming back to the original topic, market forces ... the reason(s) the market price for these cars is so much lower than we all hope, is not down to me or other people commenting on these forums, to believe that is the reason why our cars are not worth what we think they are is just not living in the real world and is ignoring any number of the below :
- erm .... recession ! quite a bad one so I've heard?! and all that goes with it, job uncertainty etc etc
- run up to xmas just beginning
- petrol is £1.25 pl
- 19mpg
- car insurance premiums up YoY at record rates (20%+?!)
- uncertaintly over K band car tax going forward
- running costs (tyres, brakes, servicing)
- repair costs / need for a warranty
- cars are now between 8 and 6 years old ... majority 7 yrs ... cars still depreciate !
- based on an even older car (A6 came out '97)
looking at Autotrader, 80% of C5's are for sale from Traders ... its the motor trade that set the market price, influenced by all the above factors and some more specific to their businesses (i.e. vehicle funding)
bottom line is I would love these cars to be worth what we think they are I would love to have sold Darth for £17k, ask Bam_Bam if he thinks he's worth £17k, its a fecking great car ... I would love it if Mooch got what his beast deserved, it was a beast ... and I would have loved it if Eddie's beast got £18/19k as it IS stunning ... but we all live in the real world, as harsh as it may be
Last edited by HYFR on Wed Oct 27, 2010 8:28 pm, edited 1 time in total.
It would appear there is two tier market at the moment for the RS6 as there always has been in many high end performance cars.
Quality cars well looked after, good money spent on them, good history and on any given day don't need much doing to them. Currently owned by those that did their research, knew what they were buying into in terms of running, repair and maintenance costs and can maintain them accordingly. Market value circa £14,500 - £17,000.
Then there is a second tier well we all know what that looks like and i have read enough posts on here to know what to look out for.
Due a service soon £300- £450
Cambelt in 10,000 miles or next few months £1000
Discs and pads all round £2000
Inter cooler £550
That's why it up for sale. Seller can't afford the REAL running costs
So this tier is offered at £11,500 to £14,000 because they will never get top tier prices.
Problem we all face is that when we want to or need sell it don't matter how good your car is, it will be the second tier prices that the next buyer always looks at and if he/she has not done their research etc..... They will never understand why a "quality, looked after car" is up for £16,000 and that £16,000 is a fair price
"Why would I pay £16,000 for yours when there are so many on the market for £14,000 looking for offers?"
Car Financing costs are creeping up again as well - another reason for a depressed car market.
What we need to do is buy up all the crap ones, break them for spares, or simply crush'em!!!!
But at the end of the day no one car or seller can buck the MARKET.
RECESSION
6-7-8 years old
£90.00 to fill up the tank for 300 miles
70K - 100K on the clock
Warranty.
Running Costs
As post above me says dealers are looking to let stock go they need to get cash moving around. Dealers have no loyalty to the brand or the car it is an asset they need to shift and move onto the next car.
Quality cars well looked after, good money spent on them, good history and on any given day don't need much doing to them. Currently owned by those that did their research, knew what they were buying into in terms of running, repair and maintenance costs and can maintain them accordingly. Market value circa £14,500 - £17,000.
Then there is a second tier well we all know what that looks like and i have read enough posts on here to know what to look out for.
Due a service soon £300- £450
Cambelt in 10,000 miles or next few months £1000
Discs and pads all round £2000
Inter cooler £550
That's why it up for sale. Seller can't afford the REAL running costs
So this tier is offered at £11,500 to £14,000 because they will never get top tier prices.
Problem we all face is that when we want to or need sell it don't matter how good your car is, it will be the second tier prices that the next buyer always looks at and if he/she has not done their research etc..... They will never understand why a "quality, looked after car" is up for £16,000 and that £16,000 is a fair price
"Why would I pay £16,000 for yours when there are so many on the market for £14,000 looking for offers?"
Car Financing costs are creeping up again as well - another reason for a depressed car market.
What we need to do is buy up all the crap ones, break them for spares, or simply crush'em!!!!
But at the end of the day no one car or seller can buck the MARKET.
RECESSION
6-7-8 years old
£90.00 to fill up the tank for 300 miles
70K - 100K on the clock
Warranty.
Running Costs
As post above me says dealers are looking to let stock go they need to get cash moving around. Dealers have no loyalty to the brand or the car it is an asset they need to shift and move onto the next car.
This happens all the time I'm afraid.
Mr White, I hope you don't mind but I went back to your first post and I see what you originally paid for the car, and the bad luck you had after that. If you want to know why people aren't jumping to buy your, now well-sorted 6; ask yourself why you shunned higher-priced cars to go for yours in the first place. People simply look at headline figures when car buying and therein lies the problem.
These cars are expensive to run, and prices are dropping because the cars are getting older and they creep further towards 100k miles. For whatever reason, people have mileage limits in their head - 25k, 50k, 75k and 100k. The higher up the scale you go, the less likely people are to buy, full stop. That's emphasised when the number of things that can go wrong increases proportionally with the mileage. If you do a search on audi.co.uk, there is a 46k RS6 up for nigh on £25k (whether it sells at that price is a different matter!) so the prices of these cars aren't intrinsically low.
I wish you all the very best of luck with the sale but I fear you might have been hit in the pocket by owning what is still afterall , a supercar.
Mr White, I hope you don't mind but I went back to your first post and I see what you originally paid for the car, and the bad luck you had after that. If you want to know why people aren't jumping to buy your, now well-sorted 6; ask yourself why you shunned higher-priced cars to go for yours in the first place. People simply look at headline figures when car buying and therein lies the problem.
These cars are expensive to run, and prices are dropping because the cars are getting older and they creep further towards 100k miles. For whatever reason, people have mileage limits in their head - 25k, 50k, 75k and 100k. The higher up the scale you go, the less likely people are to buy, full stop. That's emphasised when the number of things that can go wrong increases proportionally with the mileage. If you do a search on audi.co.uk, there is a 46k RS6 up for nigh on £25k (whether it sells at that price is a different matter!) so the prices of these cars aren't intrinsically low.
I wish you all the very best of luck with the sale but I fear you might have been hit in the pocket by owning what is still afterall , a supercar.
RE: Market forces....
I just got 20k for mine .. Hold on and don't panic sell.
Unit 20
0151 3366888
The northwest's only dedicated 'RS' repair centre.
http://www.facebook.com/pages/unit-20/104343529619713
0151 3366888
The northwest's only dedicated 'RS' repair centre.
http://www.facebook.com/pages/unit-20/104343529619713
I have to agree with Greg here, very good points and well presented. What I DON'T agree with is DK, Where on earth do you get 19MPG!!GregR1 wrote:This happens all the time I'm afraid.
Mr White, I hope you don't mind but I went back to your first post and I see what you originally paid for the car, and the bad luck you had after that. If you want to know why people aren't jumping to buy your, now well-sorted 6; ask yourself why you shunned higher-priced cars to go for yours in the first place. People simply look at headline figures when car buying and therein lies the problem.
These cars are expensive to run, and prices are dropping because the cars are getting older and they creep further towards 100k miles. For whatever reason, people have mileage limits in their head - 25k, 50k, 75k and 100k. The higher up the scale you go, the less likely people are to buy, full stop. That's emphasised when the number of things that can go wrong increases proportionally with the mileage. If you do a search on audi.co.uk, there is a 46k RS6 up for nigh on £25k (whether it sells at that price is a different matter!) so the prices of these cars aren't intrinsically low.
I wish you all the very best of luck with the sale but I fear you might have been hit in the pocket by owning what is still afterall , a supercar.
I think these beasts are so specialist, that you can't expect to find a buyer within a week or 2 (unless you set the initial price so low that you get bargain hunters knocking your door down.
Grizz is right - be patient.
When (or if) I sell mine, I'll be planning for it to take 3 months to find a buyer. Blitz all the top places to advertise with top notch adverts, allow a budget of a fair few quid for marketing costs, and wait patiently for a select few people to view.
And yes, I too think "book price" is bollox. How can the guides determine sale prices on so few rs's sold each month - each with varying levels of care, maintenance or abuse..!!
Just my opinion, of course.....
Grizz is right - be patient.
When (or if) I sell mine, I'll be planning for it to take 3 months to find a buyer. Blitz all the top places to advertise with top notch adverts, allow a budget of a fair few quid for marketing costs, and wait patiently for a select few people to view.
And yes, I too think "book price" is bollox. How can the guides determine sale prices on so few rs's sold each month - each with varying levels of care, maintenance or abuse..!!
Just my opinion, of course.....
c5 RS6 plus in silver
'Course there is also the added problem of people seemingly being more eager to get their hands on a 'plus' rather than a standard one. Regardless of the condition and what's been done to the standard one, the plusses will always sell first due to their exclusivity/desirability, making the private sale of a standard one that tiny bit tougher still. The last couple of plusses have sold pretty quickly.