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Anyone concerned about the depreciation of the RS3 MK1?

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#21
45bvtc

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On date of purchase in September 2011 I planned for mine to be worth £0 in September 2021 so any more than that will be a bonus



#22
dbm

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Yes, the easiest way not to lose any money on your car is to not sell it. Unless you are talking genuine collectors items, sat in a garage all the time, the 'value' of your car is going to go down. That's just life. But you only realise the loss at the point of sale.

 

I keep looking at the S3 saloon. It's very pretty and I'm sure it's as capable point-to-point as a standard 8P RS3. But what would I actually get for my hard-earned? A pretty rear, but I don't see that when I'm in the car. A better satnav, but still not as good as the TomTom app on my iPhone. Slightly higher MPGs and adaptive suspension to help with cruising. It doesn't make a very compelling reason to make the change so I keep coming back to just keeping the car!


RS3 8V | RS3 8P


#23
AudiRS3

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Yes, the easiest way not to lose any money on your car is to not sell it. Unless you are talking genuine collectors items, sat in a garage all the time, the 'value' of your car is going to go down. That's just life. But you only realise the loss at the point of sale.

 

I keep looking at the S3 saloon. It's very pretty and I'm sure it's as capable point-to-point as a standard 8P RS3. But what would I actually get for my hard-earned? A pretty rear, but I don't see that when I'm in the car. A better satnav, but still not as good as the TomTom app on my iPhone. Slightly higher MPGs and adaptive suspension to help with cruising. It doesn't make a very compelling reason to make the change so I keep coming back to just keeping the car!

 

Fairpoint, but I couldnt help but reading articles on how the S3 is the lowest depreciating car! and when when I had my S3 2009 DSG Sportback I traded it in and Audi gave me 2K higher than what I paid for it when it went against the RS... 

 

The obvious factor to me is that RS3 MK1 is starting to look a bit dated compared to the new one given the fact that mine is of very good spec, 2012, 32500 miles, I think it will be happier with another owner now.... Audi have offered me £23200 for it if I take order of a new car this month.... 

 

Upgrade is near for me I think!



#24
45bvtc

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But the 8P RS3 still does it for us and there's little if anything we'd complain about as we both love it inside and out

 

Ok, so we have the TT roadster for sunny days and an A2 (just brilliant) for shopping and the rest, but the RS3 is still a magic machine for us

 

Maybe we're hoping for a repeat of our Lotus Elan experience where we paid £1250 for it in 1977 then ran it for 35-years and 200K plus miles later sold it for £30K plus and nearer £40K with all the spares accumulated over them years

 

But to be fair if there was anything else we'd prefer to the 8P RS3, our 8J TT, and/or 8Z A2 we already have and use daily we'd have it by now...

 

Our 8P RS3 is perfect for us anyway and however much it's worth when we decide to pass it on is irrelevant...

 

No pockets in shrouds and all that...



#25
T-800

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I only changed from my 8p into the 8v because the right car, right spec and right deal came along.
Happy with what I got for my 8p and very happy with the 8v

I will admit one other factor and that was I'd become fed up of going in / out the dealer with it, but I will say Macclesfield have been great and they did replace an awful lot of parts in the search for the problems.



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#26
AudiRS3

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Its really weird but I swear my last 2 Audis have been bought this way....right deal, right spec, and when I am not really looking, 

 

I love my RS3, but in comparison to where the market is, I certainly like to stay ahead! well try to anyways haha



#27
terminator x

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This is my thoughts on this subject,

 

I believe the 8P will be worth more in the future than a 8V, it will take years but it will get there, you’ve only got to look at the current resale values of a low mileage, low owner good spec’d B5 RS4 compared to the B7 RS4, limited numbers is the key here and that’s something Audi doesn’t seem to do anymore.

So you think that Mk1's will eventually be worth more than Mk2's?! Why would someone pay more for an older and less powerful (like for like) Mk1 than a newer Mk2, surely the market will just correct the Mk1 prices down when the Mk2 gets close to them? I don't want to get in a punch up with Mk1 owners here as both versions are brilliant, just curious as to your thinking.

 

TX.


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#28
Uncle Fester

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So you think that Mk1's will eventually be worth more than Mk2's?! Why would someone pay more for an older and less powerful (like for like) Mk1 than a newer Mk2, surely the market will just correct the Mk1 prices down when the Mk2 gets close to them? I don't want to get in a punch up with Mk1 owners here as both versions are brilliant, just curious as to your thinking.

TX.

I havnt got either so I'll tell you why ,the fact that they were the original RS3 and a low limited number produced will make low mileage unmolested examples desirable and will command a higher price over a mass produced car.

Edited by Uncle Fester, 22 December 2015 - 05:29 PM.


#29
T-800

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If you get hung up about depreciation you'll never buy anything..........


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#30
Ozmosis

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In my opinion both 8P and 8V will become collectable 'enthusiasts' cars. Now in this I am not saying that we should buy them in the hope that they appreciate, as this will be a long way down the line.

Cars lose money. Simple. People trying to buy ANY car hoping to dodge the big depreciation cliff would never buy a new one!

The exclusivity of the 8P will aid their value later in life, but now is too soon in my opinion. Maybe not too soon, but the wrong timing. The 8V being introduced is going to have an effect on residuals for the short-term as some may trade in for the newer version. But long term, and as long as the numbers of 8V's do not grow too high, then both will in effect have their own levels of maximum depreciation (as a percentage of their original value as opposed to a definite figure!). Everything is totally dependant on how they have been looked after of course.

For me, I bought mine as a keeper, no PCP stuff going on and no monthly payments! It is actually mine and I cannot see anything coming in the near future that even makes me think remotely about selling it! Not for a looooong time anyway....

:blue: ​    Sepang Blue 8V RS3. Loud Exhaust. Loud Music. Louder Interior. Quiet Exterior.


#31
SK-RS3

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The obvious factor to me is that RS3 MK1 is starting to look a bit dated compared to the new one given the fact that mine is of very good spec, 2012, 32500 miles, I think it will be happier with another owner now.... Audi have offered me £23200 for it if I take order of a new car this month....

Upgrade is near for me I think!


Hopefully I'll get something near this too just coming upto 23k miles
I still want an RS3 I just don't want my one it runs find but the still persistent engine rattle that it get every now and then that 2 different dealerships can't find cause for is starting to annoy me if I did think of trying to source a lower miles 8p but think I'll just jump upto the 8v if can get a decent price don't want to put to much on tick

#32
terminator x

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Ah so just a small amount of low mileage pristine examples then rather than all of the Mk1's vs all of the Mk2's? What would happen if you had an almost identical Mk1 for sale and a Mk2 eg both similar miles but one a few years older than the other?

 

TX.


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#33
Ozmosis

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Ah so just a small amount of low mileage pristine examples then rather than all of the Mk1's vs all of the Mk2's? What would happen if you had an almost identical Mk1 for sale and a Mk2 eg both similar miles but one a few years older than the other?
 
TX.


Again it would depend on the history of the cars. Of course the 8P would be physically older, but with the same mileage 'could' mean it has been looked after more, or 'could' mean that it has been sat in a garage as the previous owner could not afford the petrol for it for a year or two!!!

Cars like this will become worthy to the prospective buyer. Some guys will want the original version for its more aggressive face, some the 8V for it being a newer interior etc. It is impossible to speculate how the values will be in X amount of years.

Buy it. Enjoy it.

:blue: ​    Sepang Blue 8V RS3. Loud Exhaust. Loud Music. Louder Interior. Quiet Exterior.


#34
Ozmosis

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Just to add for a further comparison, look at the original Audi Quattro. Everyone knows the later 20v versions were the better car overall, but everyone WANT the original!

Just sayin' ;-)

:blue: ​    Sepang Blue 8V RS3. Loud Exhaust. Loud Music. Louder Interior. Quiet Exterior.


#35
T-800

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It all depends on the individual I'd say........
Some will want an 8p and nothing else
Others will only see the later 8v as the only option.

I loved the MK 1........and spent a lot of money getting it the way I wanted it

However after owing the MK 2 for a month or so I'm very happy with it.

I was tempted by a S6 and an RS4 (looked at both in nearly new guise) but the S6 was too big and the RS 4 power delivery wasn't to my liking, although the noise it makes is spectacular




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#36
Uncle Fester

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It all depends on the individual I'd say........Some will want an 8p and nothing else Others will only see the later 8v as the only option. I loved the MK 1........and spent a lot of money getting it the way I wanted itHowever after owing the MK 2 for a month or so I'm very happy with it. I was tempted by a S6 and an RS4 (looked at both in nearly new guise) but the S6 was too big and the RS 4 power delivery wasn't to my liking, although the noise it makes is spectacular Sent from Cyberdyne systems


Yea Sean it's horses for courses so to speak ,my advice is don't worry about depreciation /GFVs PCPs HIVs..........just drive the car and enjoy it.😂

Edited by Uncle Fester, 22 December 2015 - 05:58 PM.


#37
scotexile

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Buy the car you want, pay for it however best suits you and then ... most importantly of all ... drive it, enjoy it and never leave anything to tomorrow; live for today
Maintaining status quo is not an option

#38
Mattjj82

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Interesting thread which ultimately has no wrong or right answer as it is all down to how the individual feels and how they want to shape their experience.
You have to expect when getting into a high value car you're going to get hit hard in the pocket when you buy new or nearly new.
Only once you near the 10yr old bracket will you see how the market is for your particularly model and that can clearly be seen by the B7 RS4's which are going for strong money if you have a minter.
Past experience has taught me one thing, if you buy a "drivers" car then bloody well drive it and don't save it for someone else. Enjoy it, have fun and spend lots of time in it and to hell with the mileage. End of the day just because you've clocked up some miles it doesn't mean you cant keep it in great condtion.
Where the RS3 is concerned regular use and thus average miles on the clock is a good thing as seldom using them seems to create reliability issues, which when you think about it isn't surprising!
I've upgraded several cars and years down the line wished I've hung on to them and when I'm around different Audis now, Some of my favs are the older models. So every time I think I'm going to trade up for the new RS3, as let's face it everyone likes new to begin with, I think about what I've just written and I'm happy again!

Edited by Mattjj82, 22 December 2015 - 08:35 PM.


#39
Roy

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Im happy with my MK1 , but on the other hand some niggles really P me off but when its good itS BLOODY GOOD ,,,,,,,,,,,,,

 

but having said that I could get a MK2 tomorrow if I really

 

wanted to but the two cars are to similar to cough up 20-25k to change.

 

And as reported by the few people who have changed from a MK1 to a

 

MK2 the Mk1 is quicker,,, until the 8V is mapped I expect then it will be probably the same so as mentioned I hope the original will be worth

 

more later on ,,,,, OR until I find a decent used 8v next year when a lot more examples come up for sale with at least a third off the new price 

 

Then I would want the 8v to hold its value  :P  :P  :P

 

Until then they are both stonking cars go out drive them be happy for what they both are !!!



#40
Mattjj82

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The thing is, we're enthusiasts, we love cars hence owning one with an RS badge. Because of this we're bound to pick up on every little niggle you may have whereas the average Joe probably wouldn't bat an eyelid!
I see there's already some niggles with the MK2 and Cars going back in for work so the grass isn't nesscessarily greener!

I really like some of the new features on the MK2 and it's grown on me but then I love some of the parts of the MK1 over the MK2, so like you Roy, it's hard to justify the additional spend.
Before I bought my RS I test drove a brand new 8V S3 and whilst a great car it just didn't do it for me. Whilst I accept the RS maybe vastly different I'm not sure whether it was the interior and the fact you could make an S3/S-Line look pretty much the same is what out me off!
I love the Buckets in mine and I think that's what really makes the car feel special, no offence to those that don't have them through personal choice!

Anyway, we don't buy these car as an investment, so get them out the garage and go use them as intended 👍




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