Volkswagen Passat (2005 - ) - Passat Estate SEL - value?

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Fri 9 Jan 2009 11:12
Passat Estate SEL - value? - cormiston
Currently have a Passat estate (2007/07) 2.0 TDI SEL (170 bhp). Condition is OK and it is 18 months old with 35k on the clock. Pretty sure tyres will be due soon (x4) and next service interval must be imminent.

This is a company car and I have the option to buy it. Any views on value? Parkers comes in at £12k PX but that seems on the high side to me and obviously want to get it as low as possible.

Any views on what I should accept as a price from the leasing company (LEX)?

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Fri 9 Jan 2009 13:41
Passat Estate SEL - value? - stan10
£13200 from a VW dealer, with 22k miles, deduct £1000 for your excess mileage.
Lex will presumably send the car to auction if you don't take it, where they will get far less than that, especially if bought by a dealer who has to spend money correcting the issues you mention, and will still obviously need to make a profit. They will also have to pay the auction house's commission (my est £300ish, but why not phone one, tell them it's your car, and ask what they estimate it will fetch, and what they will charge you for a car that sells for £12k? A dealer will pay less than you, but you will get an idea)

Check Autotrader for prices to get a real world "value to you" figure, guides - trade or public, are only guides ( you wouldnt ask £10k for your car because a guide said so, when the other 20 similar cars are advertised for £12k, and vice versa )
By a friends experience, any leasing company is unlikely to bargain with you - regardless of tyres / service, etc. its only a car and they have thousands to move, they won't mess about, so you are right to know its value before making an offer. (actually, don't make an offer - let them tell you what they want for it first - you may be surprised).
Do you have a relationship with the garage you use for servicing? maybe they could advise.

Decide what it is worth to you, would you be prepared to lose it because £10k would be a great deal, but Lex want £10500 ?
considering it probably cost £23k new 18 months ago, it looks like you have landed on your feet!
good luck.

Edited by stan10 on 09/01/2009 at 13:44

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