GTD Deal

[matchboy]

Wait until you can Voluntary terminate you finance agreement which is once you have paid half the total amount payable.

+1.

Rule of halves.

Except this could effect your credit rating and stop you getting a deal in the future.

[evo1986]

http://www.experian.co.uk/consumer/questions/askjames229.html

[stuart.cameron]

Just going to wait until Monday and ask if he could get me a little more on the trade in then he has a deal. See what happens...

[matchboy]

http://www.experian.co.uk/consumer/questions/askjames229.html

Fair enough, I stand corrected! 

[Bill_the_Bear]

Just going to wait until Monday and ask if he could get me a little more on the trade in then he has a deal. See what happens...

I think that if he sees you as serious and you give him the opportunity to make a sale you'll get what you want.

I believe one sales tactic is to hold a little back so that when the customer is wavering and just about to say ok they can suddenly add on that tiny little bit extra to push you over the edge.  Something physiological about being given a little more when you're trying to think things over.

Anyway assuming he does the above just say you'll sign up right now but you need just a bit more on the p/x (or whatever) and you'll probably get it I think.

[monkeyhanger]

Wait until you can Voluntary terminate you finance agreement which is once you have paid half the total amount payable.

+1.

Rule of halves.

Except this could effect your credit rating and stop you getting a deal in the future.

Couldn't do this on a standard GTI or GTD in the future - the GFV is such that you'll never reach the halfway point in 3 years. Just about possible on a well specced example, but at halfway point on that you'd be within a few months of the end of your agreement.

[stuart.cameron]

Voluntary termination is an option but I would have to wait another 9 months I think...

Just a thought but the residual value seems pretty low on the GTD. Would of thought it would be pretty strong considering the prices on some 3/4 year old GTDs with 80k miles on the clock!

[JonnyG]

Just a thought but the residual value seems pretty low on the GTD. Would of thought it would be pretty strong considering the prices on some 3/4 year old GTDs with 80k miles on the clock!

Well at least you won't be in -ve territory again when you eventually sell the GTD 

[monkeyhanger]

Voluntary termination is an option but I would have to wait another 9 months I think...

Just a thought but the residual value seems pretty low on the GTD. Would of thought it would be pretty strong considering the prices on some 3/4 year old GTDs with 80k miles on the clock!

What would you consider a strong residual? guaranteed future vale (GFV) of 56%, it doesn't get much better than that for new cars. In reality you'll probably see 60% at part-ex time (GTI GFV is 51%). When you see those MK6 GTD prices - don't forget that'll be retail price, those dealers need to make a profit. If you buy a £25k GTD and in 3 years time you get £15k part-ex, the dealership will be looking for £17-18k on the forecourt.

[stuart.cameron]

Voluntary termination is an option but I would have to wait another 9 months I think...

Just a thought but the residual value seems pretty low on the GTD. Would of thought it would be pretty strong considering the prices on some 3/4 year old GTDs with 80k miles on the clock!

What would you consider a strong residual? guaranteed future vale (GFV) of 56%, it doesn't get much better than that for new cars. In reality you'll probably see 60% at part-ex time (GTI GFV is 51%). When you see those MK6 GTD prices - don't forget that'll be retail price, those dealers need to make a profit. If you buy a £25k GTD and in 3 years time you get £15k part-ex, the dealership will be looking for £17-18k on the forecourt.

True, hopefully the prices of GTD's stay strong.