I have bought a Polo Vivo 2012 in 2012, brand new, and added extras like ABS, Aircon, Central Locking etc.
So the finance amount came to R146230. One Year later to the date, the evaluation done by VW was a mere R80 000.
Taking into consideration that when taking delivery of a new car, there is immediate depreciation. But i cannot see how a car can lose 46% of its value in one year. Rand Value that is R66 230 loss in a year.
If VW is not prepared to take the extras into consideration for a valuation, this will be my last VW i own and I will as far as i go badmouth VW to prevent any other consumers falling into the trap. VW is interested in making the money on the first sale and does not give a flying about the customer there after.
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