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10-26-2017, 04:04 PM | #1 |
Scooby Newbie
Member#: 475593
Join Date: Oct 2017
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WRX/GTI depreciation
I was looking at 5 year depreciation charts on kbb and edmunds.com. It had the wrx keeping its value by about 2 grand more than the gti over 5 years. I thought it would be more?
base wrx (26,200 fair market price) depreciation over 5 years wrx depreciate 14,671 dollars over 5 years gti sport model (25,800 fair market price) depreciation over 5 years gti depreciate 16,495 dollars over 5 years
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10-26-2017, 04:38 PM | #2 |
Scooby Specialist
Member#: 475983
Join Date: Oct 2017
Location: Upstate NY
Vehicle:2018 WRX Limited Silver |
All Subi s hold their value pretty well as compared to most others... It may be more depending on region. It s only an est..
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10-26-2017, 06:27 PM | #3 |
Scooby Newbie
Member#: 425438
Join Date: Jul 2015
Chapter/Region:
BAIC
Vehicle:2015 WRX ISM |
KBB is definitely just an estimate. When I was looking to buy a WRX, if I found a stock one selling at KBB pricing that would have been a steal.
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10-27-2017, 05:34 AM | #4 |
Scooby Newbie
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Join Date: Nov 2016
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MAIC
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Vehicle:2022 WRX Premium Sapphire Blue |
WRX's and Subarus in general tend to hold their value pretty well. This was definitely a contributing factor for me in getting the Subie over a GTI or Focus ST.
In my experience, VW's are great when new but don't hold up very well past the 100k mark. Hence their lower resale value. |
10-27-2017, 02:37 PM | #5 | |
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Quote:
You get a greater discount on the GTI than the WRX. So less discount when buying WRX new, but less depreciation. More discount when buying GTI new, but more depreciation. I'd get what you are saying, if both cars when buying new, had the same discount but they don't. The market dictates that depreciation. |
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10-27-2017, 04:06 PM | #6 | |
Scooby Newbie
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Quote:
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10-27-2017, 04:42 PM | #7 |
Scooby Newbie
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Join Date: Jun 2016
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Its all a marketing game, the cars with less discount usually have better resale values than those with bigger rebates. Ever since 2001 vehicles prices keep rising exponentially, after early adopter purchases, i guess it easier to sell a vehicle for 32k grand with a 4-5k rebate than to just list it 28grand to begin with.
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10-27-2017, 05:34 PM | #8 |
Add Lightness
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Location: Hopkinton, MA
Vehicle:2021 Building It Better |
VW has fire sales on previous year cars right about now. My local dealer has 88 '17 GTI's, most with $6k or more off MSRP. So starting at $20.6k.
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10-27-2017, 06:04 PM | #9 | |
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NWIC
Location: Boise, ID
Vehicle:17 WRX CWP |
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10-27-2017, 07:11 PM | #10 |
Scooby Specialist
Member#: 419593
Join Date: Apr 2015
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It depends on your location. The GTI is discounted as much as a 8K new here so their resale value is horrible. They are overstocked and don't really sell well in the grand scheme of things.
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10-28-2017, 05:33 PM | #11 |
Scooby Guru
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Location: Gilbert, AZ
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I could have bought a new base GTI with the DSG for $20k last year. You're not going to get anywhere near that with the WRX, but you'll make most of it up on the backend. There's at least one volume dealer on VWvortex that will cut you a pretty incredible deal without any haggling.
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10-28-2017, 05:37 PM | #12 | |
Scooby Specialist
Member#: 141952
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MWSOC
Location: milwaukee'ish
Vehicle:2023 M340i |
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11-02-2017, 05:37 PM | #13 |
Scooby Specialist
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Chapter/Region:
MAIC
Location: Gambrills, MD
Vehicle:2015 WRX Limitd Stg2 '02 Stg4 & JSW TDI Stg2 |
no clue where you are pulling those numbers but they are totally wrong.
I own(ed) a 2015 WRX Limited and a 2016 VW Golf Sportwagen. Bought 2015 WRX in April 2014 for $27,232 + tax/tag/title/loan interest, sold it recently in Octrober, 2017 for $25,000. It lost $2,232 in value in 42 months I bought my 2016 VW GSW for $19,161 (way under invoice btw). Car stickered for $26,402. If I were to sell it privately I'd be lucky to get $16k after only owning it 15 months! GTI depreciation is way worse even if you get them for 6-8k off like you can in the Mid-Atlantic region. To me it makes no sense b/c after owning both I'd say the mk7 is a far superior vehicle platform and reliability between both is somewhat similar, its just the perception of VW reliability being crap and Subaru's being amazing that people have that make the values soar so much. |
11-02-2017, 06:20 PM | #14 |
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The region definitely makes a difference. Here in the Pacific NW people don't act rationally when it comes to their willingness to pay for a used Subaru. I often see early to mid 2000's WRXs on car lots with a price of $10k or more.
I even sold my '09 WRX for $19k just a few months ago. Low mileage, great shape, and modified but only $5,500 less than I paid for it 8 years ago. Had a fair amount of interest in it too at that price. Having this reminder makes me happy the Audi ordered didn't work out so I'm now getting an '18 STI. Should get an excellent price when I go to sell or trade it in in a few years. |
11-02-2017, 07:24 PM | #15 |
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I was looking at used '15/'16 WRXs with 15-35k miles for about a month until I priced out the cost per mile driven, assuming I were to get 100k miles out of the car I chose. The way the math worked out, I was getting more bang for my buck buying a brand new '18. The '18 WRX was a few cents cheaper per mile than the 15's, plus I would be getting full warranty and would know no one had driven my car through hell and back before me.
I think this is another indication that Subarus hold their value quite well. |
11-02-2017, 08:10 PM | #16 | |
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Vehicle:2013 WRX Hatch Dark Gray Metallic |
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Another reason why trading in one of these cars is terrible. I traded in my 02 WRX wagon to get my 2013 wagon without checking private party first and the difference still makes me loose sleep. |
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11-03-2017, 12:50 AM | #17 |
Scooby Specialist
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Vehicle:2019 STI SportTech CWP |
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11-03-2017, 06:59 AM | #18 | |
Scooby Guru
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Location: philadelphia
Vehicle:2016 STI |
Quote:
I feel like if I bought a new car and sold it 3 months later I'd have to eat at least $2-3 grand to get it sold. |
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11-03-2017, 09:46 AM | #19 |
Scooby Newbie
Member#: 445965
Join Date: May 2016
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The 2018 GTI will come with a bumper to bumper warranty for 6 years or 72,000 miles which is a really solid bumper to bumper. I also believe all 2018 models get the 220hp bump which is nice. In my opinion, the GTi has a much better interior, better gear box, sound-system, and a more forgiving ride.
If you could get all that for around 20k which seems like what the left over 2017's go for would make a good argument of GTI vs WRX if keeping it stock. Obviously the 2018's wont be discounnted as much as the 2017s now but maybe come next year it may be the more solid buy in some peoples eyes. Either way competition is good, and for the money the GTI may soon start to take some sales away from the WRX if some don't want AWD or the bigger stock HP. |
11-03-2017, 11:28 AM | #20 | |
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Quote:
$17k for the car (45k miles, excellent condition) + $2k for mods - $24.5K purchase price in 2009 I want to say KBB estimated the upper end of a retail sale was around $19k so the buyer felt like he was getting a good deal. And I was happy not to have to part out the car and have the dealer try to change the trade in offer. Win for all...but mostly for me. |
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11-03-2017, 11:54 AM | #21 |
Scooby Guru
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11-04-2017, 05:53 AM | #22 | |
Scooby Newbie
Member#: 457465
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Chapter/Region:
MAIC
Location: Maryland
Vehicle:2022 WRX Premium Sapphire Blue |
Quote:
https://www.cars.com/vehicledetail/d...9314/overview/ Good luck finding a new '17 WRX for anything close to $17k. There's a reason GTI's are practically given away then proceed to depreciate their ass off haha |
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11-04-2017, 11:51 AM | #23 | |
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11-04-2017, 04:07 PM | #24 |
Scooby Guru
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11-04-2017, 10:03 PM | #25 |
Scooby Specialist
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Join Date: Apr 2015
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There is a reason Subaru holds the value a lot better.
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