Omega Owners Forum

Chat Area => General Discussion Area => Topic started by: adi on 24 March 2008, 15:33:46

Title: 2003 2.2 petrol CDX Valuation
Post by: adi on 24 March 2008, 15:33:46
Does anyone know what a 2003 2.2 manual Omega CDX with leather and colour satnav &  sunroof is worth.  Its got under 60k on the clock... Its pretty good condition with new tyres all round.
Its a lease car thats coming to the end of its lease & can be bought or given back...

Thanks
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: Martin_1962 on 24 March 2008, 16:03:59
Offer them £1500 and see if they accept it
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: adi on 24 March 2008, 16:10:15
They are asking for £5,000...
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: waspy on 24 March 2008, 16:17:00
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They are asking for £5,000...

 :o :o :o :o No way. They're in Cuckoo Cuckoo land
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: adi on 24 March 2008, 16:21:50
the residual was 5k after 3 years but i kept it for an extra 2...but they say the price cant be changed as thats what the contract price was.
They wont recalculate for a 5 year old car  :(
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: Ken T on 24 March 2008, 16:24:32
Remind them that (a) the car's getting old, 5 years, and (b) its in the new high road tax band, so its value dropped drastically after the last budget. Then offer £1000 cash !.

Ken
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: albitz on 24 March 2008, 16:26:39
remind them how much the price of petrol has increased in the last 2 years and do a bit of research on how much they would get for it if they sell it elsewhere (i.e. auction ?). ;)
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: adi on 24 March 2008, 16:39:01
I tried haggling but they said that they cant adjust the price due to tax reasons or something... It will go in the auctions if I dont buy it and the girl on the phone said that itll prob go for less than 5k in the auction but theres nothing she can do to adjust the price to me.... I had it from new and I love it. I had the same car before this one but a 2l without sat nav...and this one is one of the last ever made...
I never really seen another cdx with the colour nav and manual, so Im wonderin if Ill ever get one again...
Then again a 300C looks like a good replacement... :)
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: Martin_1962 on 24 March 2008, 16:42:51
Take it up the chain - are they really happy to let it go to auction andf get no more than 2500?

Remind them of that - easy way out for them - or follow it to auction and buy it back for a fraction of what it would cost otherwide
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: albitz on 24 March 2008, 16:47:48
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Take it up the chain - are they really happy to let it go to auction andf get no more than 2500?

Remind them of that - easy way out for them - or follow it to auction and buy it back for a fraction of what it would cost otherwide
excellent idea.if you can do a bit of digging/bribing to find out which auction they will use you could probably pick it up quite cheap  :y
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: adi on 24 March 2008, 16:48:53
Thats what Ill probably do...follow it to the auction and see what it goes for there... But i think book value is 2-3k, but looking online some lesser models go for over 6k... Thats why I wanted to know a realistic price for a same speced model...
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: albitz on 24 March 2008, 16:52:48
since the budget and with recent fuel increases cars like this will lose value fast.i wouldnt take too much notice of book prices etc;......are the cars you are looking at actually selling for those prices or is that what they are being advertised at ?
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: adi on 24 March 2008, 16:56:54
I just searched on vauxhall.com, loot,& ebay...dunno if they would actually shift at that price.

so anyone got an idea of what auction price might be...
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: Sir Gingerlot on 24 March 2008, 18:11:32
Look at it another way. If you like the car, know its history and are planning on keeping it then try and get it no matter what. I paid £5000 for one of the last 2.2's and don't feel cheated at all. My company have just given me a 57 Volvo V50 worth £15,000 and I prefer my Omega. Even at top book price you get alot of car for the money.
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: adi on 24 March 2008, 18:28:58
I would not be driving it for work cos if i bought it id have to insure and maintain it myself, which isnt economically viable. It would be kept for when I leave and need a car. Im gonna get another company insured & maintained car, so theres a good chance it would just end up sitting for who knows how long.
I dont know of another car that appeals, apart from the 300c chrysler, that I dont know whether I could get thru the company scheme. I test drove audi A6, Li220 ,& x-type but didnt really like any of them for one reason or another...
Im digressin here, but whats a good Omega alternative...?
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: Taxi_Driver on 24 March 2008, 18:29:10
Quote
Quote
Take it up the chain - are they really happy to let it go to auction andf get no more than 2500?

Remind them of that - easy way out for them - or follow it to auction and buy it back for a fraction of what it would cost otherwide
excellent idea.if you can do a bit of digging/bribing to find out which auction they will use you could probably pick it up quite cheap  :y

It'll probably be Manheims, most of the big lease companies use them.
I agree tho, if you want to keep it.......give it back and follow it to the auctions. Remember tho if you paid for the tax disk, take it off before handing back and send off for a part refund........coz you can bet the lease company will if you leave it in the Omega.
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: miggy on 24 March 2008, 19:19:02
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since the budget and with recent fuel increases cars like this will lose value fast.i wouldnt take too much notice of book prices etc;......are the cars you are looking at actually selling for those prices or is that what they are being advertised at ?

This bloke seems to shift them, he has just updated today having sold another 2 above 6K.

http://users.autoexposure.co.uk/rogerbuddenautomobiles/search.cfm?


Title: Re: 2003 2.2 petrol CDX Valuation
Post by: adi on 24 March 2008, 19:29:23
thanks for the link... Hes got a 3.2 estate for 8k... and  another sold 03 for 8.5k...  BTW...whats the wheels in your omega sig pic
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: miggy on 24 March 2008, 19:32:55
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thanks for the link... Hes got a 3.2 estate for 8k...

I had my CDX from him and i believe someone else on here had theres from him............he is expensive but he has the demand for them....he moves his stock pretty quick...........all his cars are mint and nothing is too much trouble for him on his after service....he gives 12 months warrenty in the price.

Even so...he moves them

 :y :y :y
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: miggy on 24 March 2008, 19:34:14
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thanks for the link... Hes got a 3.2 estate for 8k... and  another sold 03 for 8.5k...  BTW...whats the wheels in your omega sig pic

AK RIMS 18s, Polished alloy......look like chrome, they are going with the car.

 :y
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: adi on 24 March 2008, 19:37:26
lookin at the prices on that site 5k seems cheap... I never seen prices so high for omegas...
how much is yours goin for...is it the 2.6 auto
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: miggy on 24 March 2008, 19:42:43
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lookin at the prices on that site 5k seems cheap... I never seen prices so high for omegas...
how much is yours goin for...is it the 2.6 auto

As said.he sells them at those prices.....demand

I have the bidding starting a 4k, see what happens. :-/ :-/
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: theowletman on 24 March 2008, 21:26:37
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Does anyone know what a 2003 2.2 manual Omega CDX with leather and colour satnav &  sunroof is worth.  Its got under 60k on the clock... Its pretty good condition with new tyres all round.
Its a lease car thats coming to the end of its lease & can be bought or given back...

Thanks
Dont know about the technicalities of the lease deal but I'll check the book price in Glass's guide at work tomorrow. At the moment most large petrol engined cars are struggling to do anywhere near book price at auction. I would guess that if you went to the auction you would get the car for 2K or less. Only obstacle would be if there was another bidder who wanted the car as much as you. We have a 2001 facelift 2.2 for sale, 70k with history at £1995, usual dealer package etc. and we haven't had a single inquiry in 6 weeks. I know the CDX is more desireable and newer but at the moment you struggle with thirsty cars.
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: adi on 24 March 2008, 21:36:38
the 5k is residual after 3 years (I think new book price was like 23-24k but with fleet discount it was 18k ish) The trouble is theyre saying that even though the car is now 5 years old they cant recalculate the price... Omegas seem do depreciate more than most cars, but take a look at that link a few posts back... some dealer seems to be able to shift them at 8k...
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: theowletman on 24 March 2008, 21:43:17
I noticed his location, in one of the most affluent areas of the South. If he really is getting that sort of money then the cars must be truly immaculate or he is one hell of a salesman. The alternatives to Omegas for comfort, space and being nice to drive are probably still in the 20k plus bracket when new. If you want a large executive saloon with all the toys then his cars are an affordable alternative. Still think that they are overpriced though.
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: miggy on 24 March 2008, 21:45:38
Quote
I noticed his location, in one of the most affluent areas of the South. If he really is getting that sort of money then the cars must be truly immaculate or he is one hell of a salesman. The alternatives to Omegas for comfort, space and being nice to drive are probably still in the 20k plus bracket when new. If you want a large executive saloon with all the toys then his cars are an affordable alternative. Still think that they are overpriced though.

His customers come from all over the UK, the cars are exceptional, i had my CDX from him, i drove over 170 miles for it, as do most of his customers. again its down to demand, and his are moving all the time, he tells me he cannot get enough of them.


Title: Re: 2003 2.2 petrol CDX Valuation
Post by: theowletman on 24 March 2008, 21:52:11
Quote
Quote
I noticed his location, in one of the most affluent areas of the South. If he really is getting that sort of money then the cars must be truly immaculate or he is one hell of a salesman. The alternatives to Omegas for comfort, space and being nice to drive are probably still in the 20k plus bracket when new. If you want a large executive saloon with all the toys then his cars are an affordable alternative. Still think that they are overpriced though.

His customers come from all over the UK, the cars are exceptional, i had my CDX from him, i drove over 170 miles for it, as do most of his customers. again its down to demand, and his are moving all the time, he tells me he cannot get enough of them.


Fair play to him. Sounds like he gives good service he has found a nice niche in the market. Satisfied customers are always the best advert.
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: Entwood on 24 March 2008, 22:01:27
Quote
Quote
Quote
I noticed his location, in one of the most affluent areas of the South. If he really is getting that sort of money then the cars must be truly immaculate or he is one hell of a salesman. The alternatives to Omegas for comfort, space and being nice to drive are probably still in the 20k plus bracket when new. If you want a large executive saloon with all the toys then his cars are an affordable alternative. Still think that they are overpriced though.

His customers come from all over the UK, the cars are exceptional, i had my CDX from him, i drove over 170 miles for it, as do most of his customers. again its down to demand, and his are moving all the time, he tells me he cannot get enough of them.


Fair play to him. Sounds like he gives good service he has found a nice niche in the market. Satisfied customers are always the best advert.

I got mine from him and would highly recommend his service. Not only was the car I got beautifly prepared, but when I discovered that the (normally standard) self levelling suspension had been replaced - and he didn't know this either - he arranged for the suspension to be replaced even though it was not in any way faulty. I phoned him on the Monday, the suspension was changed, for free, on the Thursday.

I agree.. he is not cheap...  but you certainly get what you pay for from him. If you want a cheap motor, go to ebay or a real auction .. but you have added risk, with this guy you don't.

Some folks might recognise a couple of the cars in the advert link, I believe similar photo's are exceedingly close ....   :)
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: miggy on 24 March 2008, 22:04:01
Quote
Quote
Quote
Quote
I noticed his location, in one of the most affluent areas of the South. If he really is getting that sort of money then the cars must be truly immaculate or he is one hell of a salesman. The alternatives to Omegas for comfort, space and being nice to drive are probably still in the 20k plus bracket when new. If you want a large executive saloon with all the toys then his cars are an affordable alternative. Still think that they are overpriced though.

His customers come from all over the UK, the cars are exceptional, i had my CDX from him, i drove over 170 miles for it, as do most of his customers. again its down to demand, and his are moving all the time, he tells me he cannot get enough of them.


Fair play to him. Sounds like he gives good service he has found a nice niche in the market. Satisfied customers are always the best advert.

I got mine from him and would highly recommend his service. Not only was the car I got beautifly prepared, but when I discovered that the (normally standard) self levelling suspension had been replaced - and he didn't know this either - he arranged for the suspension to be replaced even though it was not in any way faulty. I phoned him on the Monday, the suspension was changed, for free, on the Thursday.

I agree.. he is not cheap...  but you certainly get what you pay for from him. If you want a cheap motor, go to ebay or a real auction .. but you have added risk, with this guy you don't.

Some folks might recognise a couple of the cars in the advert link, I believe similar photo's are exceedingly close ....   :)

oi........my CDX is on ebay... ;D ;D ;D
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: Entwood on 24 March 2008, 22:05:23
I rest my case M'lud .....   :)
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: miggy on 24 March 2008, 22:08:31
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I rest my case M'lud .....   :)


She aint cheap ;D ;D bought from him 5 months ago ;) ;) ;)
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: theowletman on 25 March 2008, 10:54:56
Quote
Does anyone know what a 2003 2.2 manual Omega CDX with leather and colour satnav &  sunroof is worth.  Its got under 60k on the clock... Its pretty good condition with new tyres all round.
Its a lease car thats coming to the end of its lease & can be bought or given back...

Thanks
Glass's Guide March 2008 as follows
03 with 52000 miles bottom book £3375, top book ( retail ) £5400, To get retail the car has to be very good and with FSH. It will be interesting to see Aprils guide for the effect the budget has had. The book only values an automatic though.
Title: Re: 2003 2.2 petrol CDX Valuation
Post by: ians on 25 March 2008, 11:22:46
If it was worth 5k 2 years ago , I wouldn't put it above 2.5k now.  In reality I think you would struggle to get 2k for it today.

But I'm not clear if you are buying it to sell on, use, or mothball..