@Jb55 : Hi there!
Mine was sold to me by a good friend who had bought a MK6 GTI and wanted it gone quickly - I paid £2K - Mileage is 152K on an 05 Plate 5 Door with no optional extras.
He had it up on Gumtree for £2.4K with interest, however none turned out to view. I needed a car quickly after the MK7 debacle and driving around in a T25 Camper as a daily becomes a chore, not to mention expensive.
The car was clean, albeit with the usual issues and I knew it had been cherished, it did need a thorough service though and that is where the low buying price was compounded.
I had it serviced, but didn't replace cambelt as it hadn't done too many miles since the last one, plus it was done within 5 years.
The spend is increasing though, at first I was going to sell/trade on to purchase MK7 GTI/R but that fell by the wayside as I love driving the MK5 so much.
So, I'm stuck with a high miler that needs a few mods to sort and this is where the condition/mileage vs modifications/upkeep comes in, as I would really like one that's clearly been cherished throughout it's life and sits below 100K.
Originally I thought I could live with it's high miles and mismatched paintwork (prev owner incident - a minor repair, finished poorly), but as it transpires, its becoming addictive and I naturally like to improve things and so more money than anticipated is being spent on it.
The dilemma is to either stop now and buy a better example or keep going with no thought about wasted expenditure and just simply enjoy it for what it is.
I originally had in mind that a top drawer K03 with mileage below 100K would see no more than £5.5K but that's proving hard to find (as you know). Due to this I shifted to K04's but again, a really good one will be a minimum of £7.5K if you're lucky!
Personally, I'm taking stock for a minute and making do, as searching for the 'perfect' car is downright mentally tiring and time consuming.
It sounds like you're like me, bit of a bargain hunter who doesn't like to pay top dollar and relishes a good deal. Thing is, (I say this as a new found appreciator of the MK5) owners of decent K03's will be either on here publicly, or lurking in the shadows and will know their stuff, meaning they will know whats out there and what they can be sold for. I'm sure if you spoke to a long term member on here they'd say they've seen interest in these cars climb exponentially!
To sum up yours (and mine) buying situations:
1. Get very lucky through word of mouth locally.
2. Become a slave to the search, but keep plugging away for the 'perfect' find.
3. Buy through this site or a recommendation from it and travel.
4. Buy a shed and drive the f*ck out of it!!!
As for the cars history, in my eyes the MK5 GTI is at a stage in it's life where generally they've gone through a few owners, where the later ones in the ownership bought them cheaper and may very well have neglected them. The good ones are low owner cherishers who fully realise the climbing prices, leaving you with the middle ground, unfortunately it's this middle ground that is the hardest to negotiate as theres a lot of hidden sh*te in there!
Compromise is the key, unfortunately I don't think they're solid enough to last a couple of neglectful owners without some sort of scarring, so think it'll come down to 'making do' or getting very lucky (
@OldGTI )
Best of luck mate, seriously