Golf Highline? How Much?

[ZippyVR6 0]

Ive been offered a Golf vr6 Highline for what I think is a fairly good price. It has all working bits and the mulberry paintjob and only 86k on a P plate, Im not going to sell mine so was looking to make a bit of dollar on the side. and I wont be posting on here caus that would be rude,

 

But, what do you reckon it is worth?

[Kevin Bacon 5]

3 or 5 door?

 

I've seen HLs go for between £2K for a tatty one and £4.5K for a minter.....

 

The later OBD2 engine management affects values too as it drives a lot better than the earlier OBD1 version. If there's no idle valve, it's OBD2.

[ZippyVR6 0]

5 door, in fair to good condition.

 

so being obd2 would it be more powerfull then?

[Kevin Bacon 5]

5 doors go for a bit more too, suits the 'family' buyer you see....

 

Yep the OBD2 2.8s put out an average of 190bhp as standard...but VW never disclosed it. A good selling point ;-)

[ZippyVR6 0]

Mmmmm good to know. Thanks very much. could be my first step into 2nd hand car trading. :cowboy:

[Slimbo 0]

If it's immaculate and standard, then it should fetch £4k on a good day. Some people seem to think they're worth a lot more than that though.

[VR6 0]

Mmmmm good to know. Thanks very much. could be my first step into 2nd hand car trading. :cowboy:

 

.....and your first step towards capital gains tax ;)

[Taggart 0]

Mmmmm good to know. Thanks very much. could be my first step into 2nd hand car trading. :cowboy:

 

.....and your first step towards capital gains tax ;)

 

Guess what Tom was revising last night!

[Walesy 0]

:roll: ...accountants... :roll:

[VR6 0]

Just trying to drum up some business to fund this sodding car :lol:

 

And business tax was last week

[ZippyVR6 0]

Unfortunatly it is unlikely with what I have earned this year, but it would be nice to think so.

[Slimbo 0]

Motor Cars aren't assessed under CGT.... ;)

[VR6 0]

Depends if you're trading them or if they're for private use.

 

Badges of trade :)

[Walesy 0]

I think you have to buy and sell more than 4 cars a year before you can be classed as a trader... at least with regards to business insurance anyways.

 

 

..... so they say..... :wink:

[Slimbo 0]

Depends if you're trading them or if they're for private use.

 

Badges of trade :)

 

Well if you're trading them, the gains you make will be Schedule D Case 1 profits assessable under Income Tax as the cars will be classed as stock. That's my interpretation of it anyway :)

[VR6 0]

Sounds about right to me - my focus has been business tax but yeah, it would be Schedule D1 if assessed as trade.

[Slimbo 0]

I only say that because I had an advanced taxation exam last week and had been studying, otherwise I wouldn't have a clue what I was going on about.