MK5 Golf GTI

All Things Mk5 => Mk5 General Area => Topic started by: jsklair on February 18, 2018, 12:56:23 pm

Title: Is the Mk5 GTi becoming a 'classic'?
Post by: jsklair on February 18, 2018, 12:56:23 pm
I ask because I was looking to sell mine due to being unable to drive right now (injury, not legally), and the prices as per auto trader appear to have gone up about 20% from the prices I observed a couple of years ago, I would've expected a small percentage drop.

Has anyone else noticed this?

Or am I getting the wrong end of the stick? (Poor sample, overall industry trend, etc...)
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: Prewy on February 18, 2018, 02:05:33 pm
I am  not sure about being a classic but I will be following this thread with interest as I was puzzled by the very same thing when I got a valuation on Auto Trader.
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: v4rley on February 18, 2018, 02:25:06 pm
A friend has recently been looking for a gti and i was shocked by some of the prices! I have had mine for 5 years I bought it for 6.2k on an 05 with 62k. A few he looked at were basically the same including age / price and mileage. So technically if I had just stored mine in the garage for the last 5 years it would have held its valve  :laugh:
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: Wardy42 on February 18, 2018, 03:53:41 pm
Just put mine up for £7750 because of this very situation so will keep you posted


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Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: Joshy on February 18, 2018, 05:22:09 pm
Just put mine up for £7750 because of this very situation so will keep you posted

What are the spec's on your gti if you don't mind me asking?

Hopefully selling my old gti in the coming months, so this topic has definitely sparked my interest! :happy2:
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: Bodyboarder81 on February 18, 2018, 06:01:44 pm
A classic ? Mk5 golf ?

In a word

No

Maybe in several years time but not now . Over the past few years older second hand cars ( and more so with decent performance orientated ones ) have held their value pretty well ..... probably all to do with the pound  dropping in value , all the pcp deals , and the fact that there are hardly any private sales anymore. Just my opinion though
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: Tuffy on February 18, 2018, 06:38:40 pm
I bought a Mk5 as a project (2005) and was going to put it in the lockup next to my 25th Anniversary....with it being the diesel Anni I may sell both to fund a R32 as I think this may appreciate 🙏
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: bigeyd on February 18, 2018, 07:04:12 pm
The mk5 gti is the turnaround for the gti as the mk3 only had the vr6 and the mk4 had the r32 as half saves for the gti's (remember the 112bhp gti !!!!)
mk5 will become a classic and is always a beauty.
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: Bodyboarder81 on February 18, 2018, 07:30:45 pm
I bought a Mk5 as a project (2005) and was going to put it in the lockup next to my 25th Anniversary....with it being the diesel Anni I may sell both to fund a R32 as I think this may appreciate 🙏

Better off buying a good Honda S2000 for appreciating   :ashamed:
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: lukemk5gti on February 19, 2018, 08:04:18 am
I bought a Mk5 as a project (2005) and was going to put it in the lockup next to my 25th Anniversary....with it being the diesel Anni I may sell both to fund a R32 as I think this may appreciate 🙏

The R32 doubled in price in Ireland since 2015

Nobody wanted them back then with the huge tax costs so they dropped to €4500 and now they're upwards of €9,000
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: pudding on February 19, 2018, 09:38:30 am
Speculators have driven up the price of MK4 R32s to insane levels.  It was a dreadful car dynamically, which was not universally praised at launch due to it's many flaws. Heavy, slow for it's spec, soggy body shell, rubbish 4WD system, poor ride quality and very thirsty.   It was an 'interesting' car with and interesting engine and made in limited numbers, which just about earns it a slot in classic land......but as a drivers car, it was awful. Decent FWD hot hatches rang rings around it.  It certainly was not a 'great' car.

The MK5 GTI on the other hand, most definitely was a 'great car', universally praised and everyone loved it.  That is 100% a criteria for earning classic status.
Give it 10 years and mint ones will be fetching good money.
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: mk1mad on February 19, 2018, 05:00:32 pm
In years to come there is a good chance the mk5 will be come a classic  as it was such a better gti than it's 2 predecessors and because of it's new price the numbers made were lower.

I do think it will need to be a 3 door with tartan trim, look at the past gti's as they get older the 5 doors become a lot less valuable and desirable.
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: jsklair on February 19, 2018, 05:16:20 pm
I do think it will need to be a 3 door with tartan trim, look at the past gti's as they get older the 5 doors become a lot less valuable and desirable.

What kind of price differentials do you generally get between 3 door and 5 door on the likes of a Mk2?
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: Bodyboarder81 on February 19, 2018, 05:29:17 pm
I do think it will need to be a 3 door with tartan trim, look at the past gti's as they get older the 5 doors become a lot less valuable and desirable.

What kind of price differentials do you generally get between 3 door and 5 door on the likes of a Mk2?

Hard to say .... but looking at a like for like car either a mk1 or 2 probably around 40% different in favour for the 3 door .
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: Bodyboarder81 on February 19, 2018, 05:31:44 pm
In years to come there is a good chance the mk5 will be come a classic  as it was such a better gti than it's 2 predecessors and because of it's new price the numbers made were lower.

I do think it will need to be a 3 door with tartan trim, look at the past gti's as they get older the 5 doors become a lot less valuable and desirable.

Sounds good for my mk5 limited Pirelli edition then  :happy2:

One can hope !
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: jsklair on February 19, 2018, 05:49:40 pm
looking at a like for like car either a mk1 or 2 probably around 40% different in favour for the 3 door .

Wow, did not expect that much difference.  I suppose the classic market can become very subjective.

I'll be selling in the next year or so anyway, so I probably won't experience the price jump associated with the Mk5 being a consensus 'classic'.

But I am happy with the fact that it appears my 55-plate GTi has only depreciated about 30% since I bought it in 2010. 

I'll only know for sure when the car is finally sold though...
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: neilw on February 19, 2018, 06:01:31 pm
I was in two minds about modding mine because of this. Where my car is an ex vw press car and edition30 number 2 could make it more desirable.

I only intend on making mods that are easily revered.
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: mk1mad on February 19, 2018, 06:12:02 pm
I do think it will need to be a 3 door with tartan trim, look at the past gti's as they get older the 5 doors become a lot less valuable and desirable.

What kind of price differentials do you generally get between 3 door and 5 door on the likes of a Mk2?
Like for like a 5 door 16v golf mk2 is worth about half of a 3 door.
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: colesey on February 20, 2018, 07:40:14 am
There's been a couple of recent media mentions about the Mk5 GTi becoming a future classic and, whilst I don't expect this to happen any time soon, we could be close to the point where prices bottom out.  Maybe in 15 years time, values for good examples will overtake their original list prices just like what has already happened with many 80’s hot hatches.  IMO values will be determined more by mileage/ownership history/condition than the number of doors and manuals may become more sought after as the motoring world will be mostly hybrid electric by then. Here's a snippet from today's Telegraph on the spread of 205 gti values

"At its December 2017 sale, Barons sold an immaculate, one-owner, very low mileage Peugeot 205 1.9 GTi for £26,620. It’s presenting another 205 1.9 GTi, made in 1992, at the same sale. The guide price is £2,000-£4,000 - unlike the car sold in December, it has almost 200,000 miles on the clock and is unrestored, although the auctioneer says that it has been well maintained."
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: pudding on February 20, 2018, 09:57:27 am
I bet the 200K example drives a lot better!   Cars like that are meant to be driven.  It's a shame greasy little speculators drive up the prices of mint ones beyond the reach of average earning enthusiasts.
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: colesey on February 20, 2018, 11:12:12 am
I imagine the buyer is likely a middle aged guy taking a trip down memory lane.  I had a 1.9 gti shortly after I graduated and it was a cracking car, great fun. Am amazed there are any left given their build quality and appetite for lift off oversteer 😂
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: pudding on February 20, 2018, 12:37:48 pm
I imagine the buyer is likely a middle aged guy taking a trip down memory lane.  I had a 1.9 gti shortly after I graduated and it was a cracking car, great fun. Am amazed there are any left given their build quality and appetite for lift off oversteer 😂

I preferred the 309 GTI as it was a bit less tail happy, but yep, very flimsy cars!  The 405 MI16 was better still in terms of handling, imo.   Funny what happened to Peugeot. A brief period of greatness, followed decades of dreary trash driven by pensioners.   They still make mighty fine salt and pepper mills though  :grin:
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: probedb on February 20, 2018, 01:01:12 pm
Pistonheads put this out just a few days ago too.

https://www.pistonheads.com/regulars/ph-spottedykywt/volkswagen-golf-gti-mk5-spotted/37555

I did notice between when I originally decided I wanted one early last year to actually buying one, general prices had risen. When I first considered them a couple of years back there was a mint Edition 30 on for just under £5k....low miles and one lady owner.....really wish I'd have had the money back then :)
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: probedb on February 20, 2018, 01:03:31 pm
Pistonheads put this out just a few days ago too.

https://www.pistonheads.com/regulars/ph-spottedykywt/volkswagen-golf-gti-mk5-spotted/37555

I did notice between when I originally decided I wanted one early last year to actually buying one, general prices had risen. When I first considered them a couple of years back there was a mint Edition 30 on for just under £5k....low miles and one lady owner.....really wish I'd have had the money back then :)
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: pudding on February 20, 2018, 01:47:34 pm
I can't stand Piston Heads.  It's full of middle aged angry throbbers. 
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: Dogma on February 20, 2018, 06:46:59 pm
I don’t ever recall seeing a 5 door mk1 GTI.


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Title: Is the Mk5 GTi becoming a 'classic'?
Post by: Dogma on February 20, 2018, 06:49:30 pm
Pistonheads put this out just a few days ago too.

https://www.pistonheads.com/regulars/ph-spottedykywt/volkswagen-golf-gti-mk5-spotted/37555

I did notice between when I originally decided I wanted one early last year to actually buying one, general prices had risen. When I first considered them a couple of years back there was a mint Edition 30 on for just under £5k....low miles and one lady owner.....really wish I'd have had the money back then


DOH

Real shame bud ED30 is what the mk5 GTI should of been.


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Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: recardo on November 26, 2019, 06:09:11 pm
Not sure about it being a classic, this decade.
Given the MK5 is the GTi that got its mojo back after staid Mk3s and Mk4s prices will eventually bottom out, but clean examples will become sought after and desirable over MK3s & 4s. 

There has always been a trend with golfs and applying the styles of later models - for example lights etc, to older models, and modding in general.  This will ensure a variety of cars and prices on the market for a few years yet from unloved, badly modified, professionally modified, standard, well maintained and looked after etc, but as the knackered and crashed cars diminish the numbers, the clean and well kept shouldn't depreciate too much if at all.

My personal opinion is like most versions of the GTi, there will always be enthusiast interest, especially for standard, well maintained or sensibly modified examples, with history, a certain number of doors and probably manual boxes etc.

 
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: pudding on November 30, 2019, 05:54:20 pm
Cheap leasing deals on MK7s, MK7.5s, MK8s are driving down the MK5 prices.  People quickly forget the golden nuggets when bargains are to be had, but Edition 30s & Pirellis are still holding their value.  They will only go up in value in the next decade, 100%.  The same will happen to the GTI as well.  How can it not when E30 325i sports fetch £51k now???  Nothing remarkable about that car in it's day......but anything old and low mileage commands big cash these days.  Even RS Turbos are well north of £20K now, which always was and still is a dreadful car compared to it's rivals from the 80/90s.

Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: webup2 on January 30, 2021, 12:57:22 am
Whoever the mod is on this site needs to get a grip!

This topic was discussing lowest mileage GTIs and I posted one i saw for sale (not mine) and got a instaban.
Title: Re: Is the Mk5 GTi becoming a 'classic'?
Post by: Andy on January 30, 2021, 10:08:06 am
Whoever the mod is on this site needs to get a grip!

This topic was discussing lowest mileage GTIs and I posted one i saw for sale (not mine) and got a instaban.
Not sure who banned you..Was it with the username your using now