I’ll stick my neck out and say not a chance.

A lot of owners wanting to trade up knowing production was going to stop have already done so but even then new cars including the final editions were still being discounted.

The increase in insurance premiums especially for TTS / TTRS models will deter a lot of potential new tt owners and the additional car tax due for the first 5 years after initial registration may deter existing owners wanting to trade up.

You may find someone who is prepared to pay a premium but suspect the car will continue to depreciate and if your lucky will be worth between 50% -60% of its original value after 3 years.

If it were a Porsche GT3 RS then you might be looking at a different story

 

I’ll stick my neck out and say not a chance.

A lot of owners wanting to trade up knowing production was going to stop have already done so but even then new cars including the final editions were still being discounted.

The increase in insurance premiums especially for TTS / TTRS models will deter a lot of potential new tt owners and the additional car tax due for the first 5 years after initial registration may deter existing owners wanting to trade up.

You may find someone who is prepared to pay a premium but suspect the car will continue to depreciate and if your lucky will be worth between 50% -60% of its original value after 3 years.

If it were a Porsche GT3 RS then you might be looking at a different story

With you there, in 20 years maybe but that's based on how ICE cars are seen today, who knows what things will be like when people wake up to the fact electric cars are the new diesels and we're being told to buy whatever the latest (not really) green alternative is.

 

So here's my theory coming from a 73 plate TTS Final edition which to quickly add I have no intention of selling but I do like to follow the market out of interest. So my particular car was 57k list price as it had every option ticked. I bought if from Drive the deal so paid 49.5k for it, if I traded it into WBAC I would only get around 34k which is kind of mad crazy !! Audi dealerships would pay around 40k im told. Honestly if I had paid list price for my TTS I would feel sick, selling it to WBAC six months later for nearly a 25k loss!

However, what with Audi ending production of the TT, there are very few 2023 and new TTS's on the market. So for customers wanting a new TTS or RS they have to have either one of the very few new ones or a nearly new one. This could be new customers, or one's wanting to trade in an older TT that want a newer TTS. When i looked on Autotrader today there are just 6 2023 TTS's on the market which is miniscule, so in the next 6-12 months will prices rise of nearly new one's eg 2023+ plate as demand outstrips supply? Discuss

Thought you'd accepted it wasn't an investment after last time

 

Thought you'd accepted it wasn't an investment after last time

Never said it was an investment , I just follow the market out of interest, like some people look at housing market prices yet never move.

One of the beauties of the TTS is the low Insurance, I pay less than £400 a year similar to my mx5. I've also seen 4 TTS special editions sell in the past 3 weeks 2 for around 53k, so demand is there. New car tax over £40k has been around since 2017 and aside from annoying is not really a disincentive to buy cars over 40k, even a ford focus st specced up comes to over 40k.

It will be interesting in 6 months with no new TT's being advertised what happens when a new customer, or a TT owner who's on end of PCP deal , or car is coming up for for MOT wants the same car but newer, will drive up demand and with a scarce market prices do tend to go up, time and demand and supply will tell, watch this space for your end of year update!

 

They're not, athough nearly all insurance for any car has gone up of recent. The TTS mk3 is has similar performance to the mk2 TTRS but tbh I have always found the insurance really good for the TTS. I renewed at end of Feb this year for £400, even the RS was only £650, much cheaper than an RS3 quote which was 1k plus

 

my local dealer advised that the only model likely to improve would be the RS, special editions don’t tend to increase much from a general model,
I guess we will all see in time

 

Big difference between a marketing led special edition, ie sticker jobs with a couple of options, to proper ones like the run out R8s. Thankfully, as long as we don't mention the Ironic Edition, the TT ones shouldn't depreciate any quicker than normal models as they didn't spoil or overprice them in the process.

 

Personally think only low mileage RS garage queens or Iconic Edition will increase in value.

 

Agree with your assessment here as I see the same thing currently applies to BMW M coupes and the like. High mileage drivers are reasonably priced, while examples under 20k are through the roof.

 

I would agree in terms of collectability, however for customers wanting an everyday TT like the TTS, with cheap insurance, low running costs - a shortage in supply would normally increase prices. Dont't forget the TTS has the same performance as a Golf Type R which is more than adequate for most and not everyone wants a family sized hatchback either for their daily drive.

 

They won't increase There is no shortage in supply, check Autotrader, there's loads of them, not being made anymore is not a supply problem and will actually put a lot of people off. Everything is still massively over priced at the moment too so they will definitely come down by a fair chunk. They already have really good residuals compared to a lot of cars though and I don't see that changing anytime soon, percentage not absolute value, so you're money won't disappear at the rate it might have done if you bought something else.

 

I think you missed the point biggles, its the simple law of supply and demand econmics that you seem to fail to understand. Your incorrectthat there is not a shortage of supply. I,ve specifically refered to newish TTS and you will find just 5 TTS from 2023, and just 12 TTS from 2022 on Autotrader. So if you saying that 12 TTS from 2022 in the whole of the UK is "loads of them" then hens teeth must also be common too !

Interestingly the value of my own TTS in the past month has risen £750 in the past few weeks on both Autotraders valuation and wbac, which kind of proves my point. Further more there are now only 2 Final edition TTS for sale now there were 5 just a week or so ago, shows near the entire stock has been sold out to discerning buyers

 

Bless, totally delusional

 

No doubt a significant number have been bought on finance so it’s hardly surprising there are so few 22 / 23 cars available given the owners would have to pay a large settlement figure to get out of their contracts.

The fact less than 200 new TTS’s were registered last year, 65 of which were final editions, probably gives a better indication of overall demand rather than number currently available.

 

I personally doubt any Mk3 TT will actually increase in value - I'd hazard a guess that the RS variants will depreciate less than the other models in the range, but even then, it'll not increase. They're not rare enough for that to be the case.

 

Agree, the only model with any chance is the RS and highly unlikely

 

My Dec 2017 15k miles TT RS is currently valued at £32K, it was valued around £33K before the lockdown in 2020 and rose to £44K during the lockdown.

 

Seems that the used car value correction is happening pretty fast.

Prices on everything seem to be plummeting - including the final edition TTS I would think!

 

Seems that the used car value correction is happening pretty fast.

That does seem to be the way things are going but no one's told my local Audi dealer.

I bought my TTS from them seven months ago now so prices were still quite high, but it had very nearly every box ticked, the face lift launch spec that you see in the media, and was very low mileage so I thought it was worth a bit extra.

Was in there today and they have one with absolutely identical spec to mine, bar it's Nano Grey rather than Glacier White, and heading for double the mileage for a grand more than mine was!

 

The final edition isn’t anything special spec wise so hard to see it will drive up value, I think Audi must have got a deal from Halfords for the red valve caps though,

 

My opinion....

There are very few cars that identify as a potential investment and fewer still that are modern, under 10 years old. There is a lot of discussion on this topic in magazines and online and very few modern cars pop up as appreciating classics. Generally it is limited and rare cars, but even these guesses can be miles off. I am aware of several cars being touted as future classics previously, but most of them are still waiting.

For most cars will take decades before they will appreciate, if ever, and ahead of that are several stages of pain;

• Depreciation - All cars, bar a very select few will depreciate. Some will benefit from doing so slowly but it will happen.
• Low value - At this point dedicated owners give up and some very good cars get snapped up, they are often run on a tight budget, and suffer.
• Rock Bottom - Cars at this point become worth more as a bunch of spare parts. The forum / ebay will be full of "breaking" adds.

After the values have bottomed out there will probably be few cars left and we will be regularly viewing the "How Many Left" and hoping values will begin to recover. It is possible that the MK3 TT will benefit slightly from the fact there is a MK1 & MK2 ahead of them, and this may take some of the MK3 pain. There are signs that the MK1 TT may be starting to recover. The numbers have reduced significantly in recent years and certain models do seem to be gaining traction.

HOWEVER
Covid caused some very unusual conditions. Shortage of supply resulted in an increase in second hand values, with some cars actually exceeding sold values. This bubble seems to have burst but who knows what will happen to IC car values in the future. The push for EV may cause a future spike in demand for IC vehicles, but this could backfire and force ever further restrictions to try and force people out of them, who knows?

Almost all cars will depreciate. I really don't want to stick it away hoping it offer some investment return. I am unlikely too see any increase in value of my TT before I'm in my 80's. I bought the car to use and enjoy.

 

I wonder if I'll live long enough to see Mk3 barn find on Bangers & Cash.

 

probably not