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Author Topic: The price of this Gti?  (Read 850 times)

Offline LC5F

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The price of this Gti?
« on: May 22, 2021, 12:28:00 pm »
I am struggling to understand the price of this Mk5 Gti:
https://www.motors.co.uk/car-57989304/?i=0&m=ds
Very nice spec, great condition 104k miles, 2 owners.... £7K

Seems a very strong price, is that not ED30 money?
Plus TM Hamza just got a Mk7 Gti for £8.5k - how can this Mk5 Gti be £7K??

Offline Clarkj93

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Re: The price of this Gti?
« Reply #1 on: May 22, 2021, 12:42:16 pm »
I put mine up recently for 5150 ( decided to keep instead! ) and it's similar to this one and had a lot of interest at that price with cambelt due in 12 months but new tyres brakes, fresh service and a load of spares. In my opinion that is worth 5500, maybe 6 if you really want to push it! It says it was reduced by 1k though so they put it at 8 previously?? Unless it's just had a respray or wheel refurb and a load of mechanical bits just done I can't quite understand what theve been smoking.... bet you someone will pay it mind haha!

Offline Pudding

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Re: The price of this Gti?
« Reply #2 on: May 22, 2021, 01:07:23 pm »
Everything is review and opinion driven these days. Popular Youtubers still highly rating the MK5 kind of props up values to a degree, because they make it apparent the window of improvement is so small between MK5 - MK7.5.  And I can attest to that having driven them.

Only the MK8 has moved things on a little, but even then, most of what you see underneath and under the bonnet harks back to the MK5.  But let's not talk about the MK8's chintzy 'on trend' tacky interior accoutrements and questionable exterior styling  :doh:  Haptic buttons and porn parlour LED lighting, I mean, WTF?  When did cars become rolling wine bars, ffs  :doh:

VW really did set the bar with the 5.  I'd even go as far as saying they overbuilt it.  Not in terms of the rust and overall fit and finish (as both are pretty shat tbh) but rather the driving dynamics. It's a difficult platform to improve on in a night/day fashion. The 5's steering feel is leagues ahead of the 7's. Haven't driven an 8 so can't comment on that one, but well done VW  :happy2:

That's partly why the 5 is holding it's value.  It marked the turning point from the utterly dreadful MK3 and MK4 GTIs and it still looks good today.  People still rate them.

I wouldn't pay that for that example personally.  I'd probably go for a MK7 for it's better rust protection and overall fit and finish, and try to make it drive like the 5  :grin:


2007 ED30 | Ohlins Coilovers | Revo Map | Plus some other stuff | Is all a GTI needs :-)

Offline shail

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Re: The price of this Gti?
« Reply #3 on: May 22, 2021, 02:47:36 pm »
That's nuts.  They are holding value though.  I bought mine 6 years ago for £6750 or thereabouts, even if it's worth half that now that's still very low depreciation.  If it's worth 4-5 then I consider £500 per year depreciation pretty much free motoring.

Offline imprezzaworks

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Re: The price of this Gti?
« Reply #4 on: May 22, 2021, 11:00:22 pm »
Think values have gone up a bit due to the amount of rubbish. I don't think I would lose on my car which I've owned for 18 months

Offline LC5F

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Re: The price of this Gti?
« Reply #5 on: May 23, 2021, 12:14:19 pm »
Thanks for the sanity check - I was starting to think I was seeing things.

I suppose location and a lower population in Perth reduces choice - and the "reduced by £1k" is just just sales patter.



Offline MKMike

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Re: The price of this Gti?
« Reply #6 on: May 23, 2021, 01:09:51 pm »
Used cars in general are all sky rocketing. From speaking to used car dealers business has never been better or easier, as most deals are done on click and collect basis.

On MK5 GTI in general, I've driven a few cars but not by any means a lot of cars so my experience is low. The MK5 blows everything else out of the water, and for 5-7k I keep asking myself what else do I need from a car? Since I upgraded the head unit with android auto it's actually perfect; practical, fast enough for me, comfortable, corners like a bullet, not even that bad on fuel.
« Last Edit: May 23, 2021, 01:14:21 pm by MKMike »

Offline imprezzaworks

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Re: The price of this Gti?
« Reply #7 on: May 23, 2021, 01:16:12 pm »
I work in car sales and yeah its mental how prices have gone up

Offline wacky

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Re: The price of this Gti?
« Reply #8 on: May 24, 2021, 02:57:17 pm »
Seems a lot to me - I'll be selling my eddie soon for not much more than that !

Offline Mekaniko

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Re: The price of this Gti?
« Reply #9 on: May 24, 2021, 04:05:05 pm »
Everything is review and opinion driven these days. Popular Youtubers still highly rating the MK5 kind of props up values to a degree, because they make it apparent the window of improvement is so small between MK5 - MK7.5.  And I can attest to that having driven them.

Only the MK8 has moved things on a little, but even then, most of what you see underneath and under the bonnet harks back to the MK5.  But let's not talk about the MK8's chintzy 'on trend' tacky interior accoutrements and questionable exterior styling  :doh:  Haptic buttons and porn parlour LED lighting, I mean, WTF?  When did cars become rolling wine bars, ffs  :doh:

VW really did set the bar with the 5.  I'd even go as far as saying they overbuilt it.  Not in terms of the rust and overall fit and finish (as both are pretty shat tbh) but rather the driving dynamics. It's a difficult platform to improve on in a night/day fashion. The 5's steering feel is leagues ahead of the 7's. Haven't driven an 8 so can't comment on that one, but well done VW  :happy2:

That's partly why the 5 is holding it's value.  It marked the turning point from the utterly dreadful MK3 and MK4 GTIs and it still looks good today.  People still rate them.

I wouldn't pay that for that example personally.  I'd probably go for a MK7 for it's better rust protection and overall fit and finish, and try to make it drive like the 5  :grin:

I understand what mean with the "small" window of improvement between Mk5 and Mk7. But as a GTI MK5 owner... for me GTI Mk7 Performance is a upgraded car to look for as brakes, interior and diferential are next level. Also the steering is much better as you never will turn it more than 90ºaprox. But considering that the mk5 costs 1/4 price a Mk7 this statments have another consideration. 

Then the 7,5 TCR it's just another level (also on the price).


« Last Edit: May 25, 2021, 01:43:55 pm by Mekaniko »

Offline chimp400

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Re: The price of this Gti?
« Reply #10 on: May 29, 2021, 07:44:35 am »
I've never been sold on the look of the Mk5, I always get a bit jealous when I see a Mk 7 R, I think they look very nice with the Pretoria wheels.
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Offline Pudding

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Re: The price of this Gti?
« Reply #11 on: May 29, 2021, 11:47:57 am »
Everything is review and opinion driven these days. Popular Youtubers still highly rating the MK5 kind of props up values to a degree, because they make it apparent the window of improvement is so small between MK5 - MK7.5.  And I can attest to that having driven them.

Only the MK8 has moved things on a little, but even then, most of what you see underneath and under the bonnet harks back to the MK5.  But let's not talk about the MK8's chintzy 'on trend' tacky interior accoutrements and questionable exterior styling  :doh:  Haptic buttons and porn parlour LED lighting, I mean, WTF?  When did cars become rolling wine bars, ffs  :doh:

VW really did set the bar with the 5.  I'd even go as far as saying they overbuilt it.  Not in terms of the rust and overall fit and finish (as both are pretty shat tbh) but rather the driving dynamics. It's a difficult platform to improve on in a night/day fashion. The 5's steering feel is leagues ahead of the 7's. Haven't driven an 8 so can't comment on that one, but well done VW  :happy2:

That's partly why the 5 is holding it's value.  It marked the turning point from the utterly dreadful MK3 and MK4 GTIs and it still looks good today.  People still rate them.

I wouldn't pay that for that example personally.  I'd probably go for a MK7 for it's better rust protection and overall fit and finish, and try to make it drive like the 5  :grin:

I understand what mean with the "small" window of improvement between Mk5 and Mk7. But as a GTI MK5 owner... for me GTI Mk7 Performance is a upgraded car to look for as brakes, interior and diferential are next level. Also the steering is much better as you never will turn it more than 90ºaprox. But considering that the mk5 costs 1/4 price a Mk7 this statments have another consideration. 

Then the 7,5 TCR it's just another level (also on the price).

Yeah they are nice to have bolt-ons but I personally don't like the MK7's steering.  Yes the dual ratio is easier and lighter but it has virtually no feel what so ever.  That for me is a step backwards.  Underneath is all stamped steel now.  All the alloy castings have gone.  Another step backwards. The interior feels better put together but the styling is subjective.  Don't get me wrong, they are far from awful cars.  They're just not a big enough leap forward for me.

There is only one MK7 that interests me, which is the Clubsport S, but they're like PS5s, you can't get one  :grin:


2007 ED30 | Ohlins Coilovers | Revo Map | Plus some other stuff | Is all a GTI needs :-)

Offline LC5F

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Re: The price of this Gti?
« Reply #12 on: May 31, 2021, 11:26:43 am »
Price change on the Gumtree listing for this Gti - Its gone up £500!
With the listing saying reduced to £7495.

Suspect this post may have excited the dealer by inadvertently put more traffic to their website listing.
Could we do a Gamestop thing and manipulate the market value for Mk5 Gti's?

Offline Mekaniko

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Re: The price of this Gti?
« Reply #13 on: May 31, 2021, 01:31:15 pm »
Price change on the Gumtree listing for this Gti - Its gone up £500!
With the listing saying reduced to £7495.

Suspect this post may have excited the dealer by inadvertently put more traffic to their website listing.
Could we do a Gamestop thing and manipulate the market value for Mk5 Gti's?

Haha we can have an influence on the MK5 GTI's prices like the bitcoin

Offline Pudding

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Re: The price of this Gti?
« Reply #14 on: June 04, 2021, 10:54:37 pm »
And we all wish we'd bought 1000 bitcoins when they were a buck each 10 years ago  :doh: :grin:



2007 ED30 | Ohlins Coilovers | Revo Map | Plus some other stuff | Is all a GTI needs :-)