Cost of S1 in 18 months?

[CarlizzleFoSho]

Hi All,

I know this is a bit of a finger in the air one. However, I'll be car less in 18months so I'm looking to upgrade and step into a used S1.

What kind of price would you expect to see, realistically, on a S1 sportback with both quattro kits? I've been told by my local Audi dealer it'd be around £15k.


Cheers!

 

[josedebardi]

Hey! Nice to see you over here

No idea on the answer to your question. It's very hard to judge. The GFV on 3 year PCP's that were taken out in July last year would be a good indicator - just add 10-15% to those.

I'm sure someone will be able to tell you there's (mine is a 4 year so not helpful).

 

[CarlizzleFoSho]

I thought I'd take the plunge

Yeh from the quote I got about a year ago 15k sounds about right. Although not sure how great they'll work out on finance second hand :/

Trying to save up for a motorbike and an Audi S1 at the same time is interesting!

 

[Simon91]

Not sure if it helps but I attached a spec and the GFV on that is £12900 after 4 years with a monthly payment of £393 on a £28k model.

 

[CarlizzleFoSho]

That's definitely helpful! I'm not bothered about picking up one that's 2 years old by the time I need a car. (Around the end of 2016/ beginning of 2017).

 

[RMJ891]

I'd be pretty annoyed if it were only £15k! I have both kits on a sportback, plus the tech kit, arm rest, gear knob, aluminium vents, audi sound system etc.

My GMFV after 36 months is £16,031, doing 7,000 miles per year.

So I'd actually hope to sell for £18-19,000 after 3 years, to give me a bit of equity for the next car - and I should think it's significantly more than this now!

 

[josedebardi]

That's pretty low milage though RMJ - for average miles it's going to be a bit less. You should be correct in your estimated sale price based on your GMFV though.

 

[RMJ891]

Do you reckon Audi would give me that, Jose, or would it have to be private sale?

Problem I find with the S1 is that, presumably because it's rare, people don't know what it is - so for instance WBAC think of it as a variant of the A1, and say it's worth hardly anything!

 

[josedebardi]

If you are buying another Audi they should give you ~£17.5 I reckon. If you sold it privately maybe a little bit more BUT the GMFV is set at a place where it is possible (though unlikely) the car will be worth less, so there is no guarantee. Really we'll just have to wait an see.

 

[RMJ891]

Here's hoping - if I can get £2k equity and 7-8% off a TT-RS (on the threat of buying a Cayman) then I think that'll do nicely!

 

[Simon91]

That's definitely helpful! I'm not bothered about picking up one that's 2 years old by the time I need a car. (Around the end of 2016/ beginning of 2017).

No problems, just to add that's based on 12k a year so a mileage of 48k in 4 years

 

[willttqs]

well Audi are offering me a best price currently of around 19,400 on mine for a part exchange for a new car.

 

[ChinsTTS]

£19,400 is about right. Got mine upto £20k. Private sale might get another £1500 max. S1 with options doesn't seem to be doing well in the aftermarket