Why are all GTi Edition 30s all so overpriced?

[Pipps]

I am struggling to understand why so many current vendors are asking £10-11k for GTi ED30s, when the the current market value (before minor spec adjustments) is only around £7,800 (link).

I am not talking about anyone in particular here - this is just my initial disbelief after browsing AutoTrader, PistonHeads, and several forums. Many normal GTis are being sold at around market value, but all the ED30s seem to be around £2k more than their list prices. Why?

I appreciate that many of the Edition 30s currently for sale have had additional aftermarket work performed - e.g. an uprated air intake costing £300-400 - but what else can possible account for an extra £2-3k which is being asked for?

Is it just me, or are Edition 30 vendors slightly out of touch with market value?

I would be grateful to know if there is something I am missing here. Thanks

[edewer]

I don't think they're overpriced at all really.

At the end of the day a car worth what people are willing to pay, not what Glass's guide, Cap or anyone else recommend. After all, none of these valuation companies will actually buy your vehicle. They're simply controlled by a board of industry big wigs who want to manipulate the market.

The Edition 30 is very much a car of the moment and so prices are being driven up as a result. Owners are asking what they feel is the value to them, and buyers are paying the money, therefore creating a new market value, even if it's not what's written in a dealer principals book.

So I wouldn't say they are overpriced at all. I do agree in that I'm a little intrigued as to why they're currently £2-3k more desirable than a gti (especially when I own a very high spec gti) but it's the way of the market, and if I was an Edition 30 owner right now I'd be flipping pleased about the way things are going

[richtung]

I think its just a simple case of supply and demand...

Rich

[skard]

If those cars are overpriced, then why are they selling privately for £9000 and more? Those guides are extremely generic.

It is hard to find a good one, many have CAT C or D, and as mentioned there is a greater demand than supply.

The 25th Anniversary is an 11-12 year old diesel yet still sells for £5k.

[garrardrj]

Being an ED30 owner i would be biased but when you look at what you would have to pay to upgrade it to a newer version (2010 Golf R or ED35) around £10-13 k plus the ED30 gives great value for money priced at £9 -12k . Having had mine for 3 years i have been looking at replacing it with a Golf R , S3 , Audi Avant etc i cannot really say that if i spend another £10 - 13k i will have any real "Driving" benefit other than having a 10 plate against a 07 plate . I think as my car has only done 22300 miles makes it still like driving a new car and the test drives are not any improvement like you normally get by driving a newer car , you can normally feel it . so for the time being i will be keeping it unless something different jumps out of Pistonheads/Autotrader/Ebay at me  

[MAT ED30]

Don't look for white even they cost more  they are 100% worth the money if they were crap so many of us would not have kept them 7 years now like I have.

[MC71]

I am struggling to understand why so many current vendors are asking £10-11k for GTi ED30s, when the the current market value (before minor spec adjustments) is only around £7,800 (link).

I am not talking about anyone in particular here - this is just my initial disbelief after browsing AutoTrader, PistonHeads, and several forums. Many normal GTis are being sold at around market value, but all the ED30s seem to be around £2k more than their list prices. Why?

I appreciate that many of the Edition 30s currently for sale have had additional aftermarket work performed - e.g. an uprated air intake costing £300-400 - but what else can possible account for an extra £2-3k which is being asked for?

Is it just me, or are Edition 30 vendors slightly out of touch with market value?

I would be grateful to know if there is something I am missing here. Thanks

Well, don't buy one then!!

You can have mine for £22k if you want, no wait, I'm out of touch! 

[Deago]

Anything is worth as much as someone is willing to pay. This works both ways, with ED30's people will pay north of 10000 if it's right spec. They're in demand! I payed a good whack more than 7800 for my regular Gti

[VEA]

I've been looking recently, and I have to agree, a car is worth what people are willing to pay for it.

I am also selling a car at the moment and the "guide price" of it is around 4k under what the "real" market value of it appears to be. Guides are exactly that, guides.

[DANBOY66]

Hi everyone

I feel I paid a little over the odds for my car
I needed a car as my car was stolen and it had the exact spec apart from the stereo
3 door
Dsg
Grey
40000 miles
Highline dash
Steering wheel controls
2008MY
Sometimes you have to pay for what you want and getting a grand more from my insurance company for my old car was worth just made it feel a little better
Hopefully it will still be worth a bit more than the gti's when I sell it

I love this car and do not even think about how much it cost when I started looking I thought I might find a bargain as I am pretty good at finding a good deal but soon realised that was never going to happen
Dan..

[MC71]

^^^^ Buying it the cheap bit, modding it is the expensive part in my experience!  

[Deago]

^^^^ Buying it the cheap bit, modding it is the expensive part in my experience!  

Was putting away a invoice for something done on my car and did the dreaded "lets add these all up and see how much i've spent so far" 

[MC71]

^^^^ Rookie error right there! Never add it up and never EVER let your wife add it up!! I've had the raised eyebrow more than a few times! 

[D Squared]

agreed, thay are expensive, i couldn't stretch that bit further to get one....shame..

[GrayMK5GTI]

Think you will find that with threads like this the ED30 owners will be very defensive over their pride and joy and of course say it is worth every penny.

For someone who isn't bothered about some red thread around bit of the upholstery and painted bumpers nor the 30bhp extra then it it's a TREMENDOUS premium over a normal GTI.

It's still the same chassis, similar engine just with some fancy bits of trim and bearing in mind the later generation golf is only a couple of thousand £'s more. . .

Then again, the people who know of the potential of the engine and want to pay for the luxury of having a limited edition GTI (it is a luxury as the stock GTI is a great hot hatch)  then they are willing to pay for it.

As others have said, if people will pay the money then to them it's worth the money. It's a car you buy with your heart rather than your head with the stock GTI being very good as it is.