Price of mk5 GTI's

[barelyrelevant]

Anyone else think the prices seem to have dropped recently?

When I was looking for mine last August i'm sure there was not much below £5.5k with a half decent spec and even cars with 110k+ were up for strong money.

Seems like there's been some good spec cars selling for cheap at the moment.

[AJP]

I'm guessing most of us on here that plan to keep them for a long time don't want to hear news like that

But yeah, compared to a couple of years ago there's maybe a 1.5-2k drop on average?

I reckon a hell of a lot of sub 5k cars are quite neglected though. Eventually you'll get a slight division in price and quality: Runners, that are starting to cost money; and labours of love, that have had money spent before, or whenever it's needed.

I'm aiming to get mine into the second category.

[PatchySan]

Also factor in depreciation and abundant supply of the newer generation Golfs coming to the end of their leases, there should be plenty of Performance spec Golf MK6/MK7 on the market these days (particularly the Golf R MK7 with their crazy low lease deals a few years back).

With many opting to choose them over the MK5 I don't think they are shifting as quickly as they used to these days so prices are going to drop to be competitive. Obviously not good news for us owners looking to move on in the short term but good for buyers looking for a hot hatch bargain.

Who knows keep them long enough with lots of TLC and you have something of a cult classic like the MK1/MK2 where prices are actually going up for them! Particularly a special edition like an ED30 or Pirelli.

[AJP]

Also factor in depreciation and abundant supply of the newer generation Golfs coming to the end of their leases, there should be plenty of Performance spec Golf MK6/MK7 on the market these days (particularly the Golf R MK7 with their crazy low lease deals a few years back).

With many opting to choose them over the MK5 I don't think they are shifting as quickly as they used to these days so prices are going to drop to be competitive. Obviously not good news for us owners looking to move on in the short term but good for buyers looking for a hot hatch bargain.

Who knows keep them long enough with lots of TLC and you have something of a cult classic like the MK1/MK2 where prices are actually going up for them! Particularly a special edition like an ED30 or Pirelli.

Mk1/2 prices have been rising for a decade. And I'll say it - they're massively overpriced today. You can spend ten grand and still inherit a moneypit.

I wonder if the mk3 is catching up, like the B3/B4 Audis...

[willni]

Also factor in depreciation and abundant supply of the newer generation Golfs coming to the end of their leases, there should be plenty of Performance spec Golf MK6/MK7 on the market these days (particularly the Golf R MK7 with their crazy low lease deals a few years back).

With many opting to choose them over the MK5 I don't think they are shifting as quickly as they used to these days so prices are going to drop to be competitive. Obviously not good news for us owners looking to move on in the short term but good for buyers looking for a hot hatch bargain.

Who knows keep them long enough with lots of TLC and you have something of a cult classic like the MK1/MK2 where prices are actually going up for them! Particularly a special edition like an ED30 or Pirelli.

The leasing market really has killed the 2nd hand car market a fair bit, people just don't seem to want to own things outright anymore. In fact a salesman was telling me they don't want people to buy cars outright anymore from new they're only interested in lease deals since they make more off them.

But performance and hot hatch cars always dip way down and then bounce back up, it wasn't that long ago the old E30 M3's were were £6,000 now they're starting at £30k for crap ones and loved ones £60k. If a car is looked after and the mileage stays below 70,000 you'll see it bounce back.

But as AJP said you can pay £3,000 for a rusty mk1/2 shell essentially just because it's a gti

[barelyrelevant]

I guess it will be hard for even good condition mk5's to hold their value against mk6's and 7's as they don't offer anything special the newer ones don't?

For instance an Integra DC2 holds strong money even though there's the DC5 because it was rawer/had better steering feel which will always have an appeal.

I can't think why someone would choose a mk5 over a newer GTi to help keep the values up?

[willni]

I guess it will be hard for even good condition mk5's to hold their value against mk6's and 7's as they don't offer anything special the newer ones don't?

For instance an Integra DC2 holds strong money even though there's the DC5 because it was rawer/had better steering feel which will always have an appeal.

I can't think why someone would choose a mk5 over a newer GTi to help keep the values up?

No offence but by that thinking no one would want to own older cars. I opted for a mk5 because I loved the feel, looks and mechanical nature of this golf, never fell in love with the mk7 even though it would work out cheaper in the long run it's just feels fake like the fake engine noises put into some cars, they're nice but each to their own just felt too electrical for me.

[flashp]

I guess it will be hard for even good condition mk5's to hold their value against mk6's and 7's as they don't offer anything special the newer ones don't?

For instance an Integra DC2 holds strong money even though there's the DC5 because it was rawer/had better steering feel which will always have an appeal.

I can't think why someone would choose a mk5 over a newer GTi to help keep the values up?

No offence but by that thinking no one would want to own older cars. I opted for a mk5 because I loved the feel, looks and mechanical nature of this golf, never fell in love with the mk7 even though it would work out cheaper in the long run it's just feels fake like the fake engine noises put into some cars, they're nice but each to their own just felt too electrical for me.

I'll second that. I drive a Mk7 GTI and have a modified Mk5 (currently for sale here) and yes, the Mk5 a much more engaging car. Were I not after a sports motorcycle I wouldn't be selling it. The Mk7 is great but it's heavily anesthetized by comparison.

[pudding]

I don't think a MK5 is the car to buy as an investment, it's a car you play with for a while and move on, or keep.

@AJP I doubt the MK3 will ever become more valuable, or the MK4 (except the R32).  MK5 possibly as it marked VWs return to form. It's a car with one foot in it's history and one foot in modernity, an 'analog' car.  The MK7+ is the 'digital age' and a completely different kettle of fish.  I don't really look at them as a 'Golf' any more tbh.....just another VAG product off the never ending conveyor belt.

MK3s rot from the inside out with ruthless efficiency, and MK4s were just boring to drive, but nicely made.  Agree on the MK1s and 2s.  I had them back in the day, but defo will never be going back there 

[willni]

I don't think a MK5 is the car to buy as an investment, it's a car you play with for a while and move on, or keep.

@AJP I doubt the MK3 will ever become more valuable, or the MK4 (except the R32).  MK5 possibly as it marked VWs return to form. It's a car with one foot in it's history and one foot in modernity, an 'analog' car.  The MK7+ is the 'digital age' and a completely different kettle of fish.  I don't really look at them as a 'Golf' any more tbh.....just another VAG product off the never ending conveyor belt.

MK3s rot from the inside out with ruthless efficiency, and MK4s were just boring to drive, but nicely made.  Agree on the MK1s and 2s.  I had them back in the day, but defo will never be going back there 

There's no car you can look at, at the time really and say that will only go up in value unless it's the pretty constant Porsche 911 GT3RS. Cars like the E46 M3 and Ford Escort were normal cars in their day and seen as something special the Escort being considered awful, but now they're going up in value.

The mk3 although awful I think the GTI and VR6 will go up in value if in well kept form, the mk4 the R32 and 25th anniversary would go up and the same for the mk5 plus maybe the gti, at the end of the day it's buyers that dictate the the market, once the worse cars drop off and the good ones remain they're be scarce enough and then people who did want one will be thinking maybe I should get one now at the bottom of their depreciation.

[AJP]

I don't think a MK5 is the car to buy as an investment, it's a car you play with for a while and move on, or keep.

@AJP I doubt the MK3 will ever become more valuable, or the MK4 (except the R32).  MK5 possibly as it marked VWs return to form. It's a car with one foot in it's history and one foot in modernity, an 'analog' car.  The MK7+ is the 'digital age' and a completely different kettle of fish.  I don't really look at them as a 'Golf' any more tbh.....just another VAG product off the never ending conveyor belt.

MK3s rot from the inside out with ruthless efficiency, and MK4s were just boring to drive, but nicely made.  Agree on the MK1s and 2s.  I had them back in the day, but defo will never be going back there 

There's no car you can look at, at the time really and say that will only go up in value unless it's the pretty constant Porsche 911 GT3RS. Cars like the E46 M3 and Ford Escort were normal cars in their day and seen as something special the Escort being considered awful, but now they're going up in value.

The mk3 although awful I think the GTI and VR6 will go up in value if in well kept form, the mk4 the R32 and 25th anniversary would go up and the same for the mk5 plus maybe the gti, at the end of the day it's buyers that dictate the the market.

I agree, the VR6 will at least hold its value. Same for the mk4 Anni, and definitely R32, Pudding.

The Ford market has become a bit of a joke. 10-15 years ago a clean Escort Cosworth went for 20k. Now they're selling for 40 plus all day long. Supply and demand dictates that - I assume lots have rotted and died, but I did hear a story about a rich 'collector' buying up as many Cossies, RS Turbos etc as he could, inflating the prices, and basically trying to monopolise the whole market. It sounded a bit far fetched, but looking at how much some old 3dr RS500s have fetched, there may be a slither of truth in it.

[Scottymon]

LINK

[AJP]

LINK

And there we have it. 65 thousand pounds. That's just ridiculous.

[TheHutchy]

That's just mad! Wonder why they are selling it if they have kept it for all this time?

[willni]

That's just mad! Wonder why they are selling it if they have kept it for all this time?

It's Parkway so they sourced and it's their business so have to sell it and the first owner probably only took it to the MOT/Service each year and for a drive the couple days after them a year. So at £21k new give or take £1,000 and the original owner probably profited £25,000 after services and mot's. Also the Edition 30 at 11-15 years younger and restricted to 300 less units (at least in the UK), there's hope for anyone with an Edition 30 sub-50k miles (even have the same power standard it's meant to be  )