S3 - prices affected by new S3?

S3 - prices affected by new S3?

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Discussion

nig-gtv

Original Poster:

518 posts

240 months

Thursday 28th September 2006
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I'm thinking of buying an Audi S3 in the next few weeks, but the prices seem to be on the slide at the moment, with some 2002/3 cars dropping to about £10k. Do you think that the new S3 is having an effect and if so will it continue to or do people think prices will steady up again?

angrys3owner

15,855 posts

234 months

Friday 29th September 2006
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I don't think you'd get a good car for less than 10k, but that's my opinion.

I'm not sure what will happen to prices could go either way but who knows.

nig-gtv

Original Poster:

518 posts

240 months

Friday 29th September 2006
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Hmm, cheers. I expect some depreciation, but it seems a bit hard to read at the moment, and prices do seem to have slipped. Need to set a bit aside for a remap and some RS4 wheels too - seem to make all the difference!

cuprabob

15,370 posts

219 months

Saturday 30th September 2006
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I actually think you may see a rise in the prices, as the new S3 has had a mixed response. I think a lot of current S3 owners are a bit dissappointed and may hold on to the original car, keeping demand high.

If I'm wrong and all the current owners decide to update, then prices will reduce as more cars enter the market. Even so i think your being a bot optimistic at £10K

dontfollowme

1,159 posts

238 months

Saturday 30th September 2006
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Why is it these cars hold their value so well? I have read how they are an excellent point to point car but have also read of expensive things going wrong. I was behind one the other day and it looked great and has reignited my interest in them after previously dismissing them because I thought they looked a bit dated.

angrys3owner

15,855 posts

234 months

Saturday 30th September 2006
quotequote all
I think they hold there value so well because there are very few cars if any that offer the same mix of practicality, pace (more so if remapped) and the total sure footedness of the 4WD. I think the S3 is probably one of the best cars for making progress in all conditions on english roads in total comfort (Audi like to point out there's rain for over half the year in the UK) - unless you can afford a 4WD 911.

I also still think they have one of the best interiors of any car, I've done 60,000miles in my car over the last 3 years and I can't think of a better place to have been. I also don't think the new car has raised the game as far as the old one over the bog standard S3 and know a few people with old S3s or A3 3.2Qs that have cancelled their orders because it's not special enough.

nig-gtv

Original Poster:

518 posts

240 months

Saturday 30th September 2006
quotequote all
cuprabob said:
I actually think you may see a rise in the prices, as the new S3 has had a mixed response. I think a lot of current S3 owners are a bit dissappointed and may hold on to the original car, keeping demand high.

If I'm wrong and all the current owners decide to update, then prices will reduce as more cars enter the market. Even so i think your being a bot optimistic at £10K


I seriously doubt there'll be a rise in prices (!) as the residuals are already excellent. £10k would have bought a 1 owner, 79k miles S3 in ming blue with full leather, but although the car was orginal and clean I appreciate the miles were a bit high and it was probably a comparatively low price. Unfortunately I didnt have the cash available!

As to the question as to why the prices are high, I think it is partly due to the build quality and that there isnt much that is directly comparable. However, I think they need a remap to get the best from them, as I drove one recently and although it felt very solid I wasnt exactly blown away by the performance.

insurance_jon

4,067 posts

251 months

Sunday 1st October 2006
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best place for advice si rs246.com or tyresmoke.net

nig-gtv

Original Poster:

518 posts

240 months

Sunday 1st October 2006
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Cheers Jon, just joined rs246.

angrys3owner

15,855 posts

234 months

Sunday 1st October 2006
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as were plugging other forums you may actually find more useful information specific to the S3 on audi-sport.net

nig-gtv

Original Poster:

518 posts

240 months

Sunday 1st October 2006
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Yeah cheers, great site. Already a member as my daily runabout is an A4 1.8T Avant.