on ebay, real clean
Wow! Sold for $8,799 new and I think he expects to get a t least that.
I could really see owning this but then I would be torn with what to do with it.
For the price of a just about any used car do you get a car that you drive for the next 5 years and then sell at a healthy price? A GTI with 75K miles is still likely going to be worth $4k?
Continue to keep it in pristine condition and watch the price go up but get absolutely no pleasure form actually driving it?
Save it. You can still get a GTI with 75k miles and drive that. A GTI with 150k miles in good shape is still worth $2k. That's less loss for the car and your wallet.
With 6 days and 6 hours left in this 7 day auction there are already 14 bids and the price is at $8,500.
How high do you think it will go? Maybe more importantly, do you think the auction will be able to truly run its course or will VW fanboys place crazy inflated false bids?
This could be interesting. Kids who were 18yrs old when these were new (like me), but could not afford them then are now 44 years old. That would mean that the GTI is just hitting it sweet spot to be the 'Cuda or Judge of its own generation.
Personally, I would slap vintage plates on it and take it to shows. I would drive it only on perfect weather days and in 10 years would likely not put 20k miles on it. It would be fun to show up to an autox and register in perfect stock trim.
It should go in a museum. There should be one perfect example of every car that is kept original and not used. Those cars are almost extinct, I bet they are all going to start incresing in value.
Ross,
The GTI was the original "hot hatch" in the U.S. It was a huge giantkiller in it's day, and a ball to drive. These cars really changed the game, and paved the way for the Civic Si, Nissan SE-R, and even the Focus SVT.
A perfect one like this will be worth decent $$ someday soon. I wouldn't be surprised to see this car go for $20K- $30K in a few years.
That said......I'd probably drive the wheels off of it! It would be pretty cool to have a "new" GTI.
I checked into Vortex and as expected there is discussion going on over there. One interesting point was to consider inflation.
New price of $8,800 in 1983 dollars would calculate to $18,955 in 2009 dollars.
It is therefore somewhat arguable that if you had a time machine and went back and bought the exact car you would pay $18.9k today. It is also somewhat arguable that at anything less than $19k, the GTI is a bargain.
Certainly too rich for my blood but I will put it out there, I expect this to sell for close to $18k.
Joe Gearin wrote: Ross, The GTI was the original "hot hatch" in the U.S. It was a huge giantkiller in it's day, and a ball to drive. These cars really changed the game, and paved the way for the Civic Si, Nissan SE-R, and even the Focus SVT. A perfect one like this will be worth decent $$ someday soon. I wouldn't be surprised to see this car go for $20K- $30K in a few years. That said......I'd probably drive the wheels off of it! It would be pretty cool to have a "new" GTI.
Yeah I realize that it was the oringinal hot hatch and I'm sure its a ball to toss around, I just cant tell myself that its worth $8.5K let alone $19k. I guess what I'm saying is that I am by no means emotionally attached to that car. Just like I am by no means emotionally attached to 1970 Chevelle SS454 'Vert that sold for $148k at Barrett-Jackson. They are both just cars to me.
I could see paying $5k or so for the GTi though.
I remember when this same car came up for sale several years back, seems like it sold for $10-$12k then, but I might be wrong.
I think ebay may have been the wrong venue for this car. With proper marketing, and a better choice of timing(relative to the economy), I bet they could get $16k or more for it.
Yeah I agree now is the time to buy this one - if you could tie up the $$ in it for the next 5 to 10 years and had a nice place to store it.
Rusty, stop that. My drooling is killing my keyboard.
If I could find a Mk.2 in that condition, I'd pay it (if I had it). If they invent the time machine soon, I'm going back for one.
Joe Gearin wrote: A perfect one like this will be worth decent $$ someday soon. I wouldn't be surprised to see this car go for $20K- $30K in a few years.
I agree 100%. I think it'll be a decent investment car. Fairly significant car and there can't be many (if any) with mileage that low.
If the 4-mile IROC fetched $25k, this GTI should be able to fetch $10k IMHO.
I hope the VW Museum (I assume they have one) is aware of this. Not even a major manufacturer can replicate this without extreme dollars. This is a very significant car. I hope it ends up in a museum for later generations to appreciate.
David
I agree David.. it does deserve better than to fall into the hands what a friend of mine refers to "uberdubbers"
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