GolfGTIforum.co.uk
Model specific boards => Golf mk6 => Topic started by: mojo555 on 05 April 2010, 15:57
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Just a quick question, i am looking at swapping to a gti, (would like the r but there is no way i can afford) i have looked into financing from the dealers but can't get anywhere near the payments i want...
Just wondering if i would be better buying from somewhere like drive the deal or haggling for discount at the dealers, what are peoples thoughts and experences regarding finance and discounts etc..
Thanks
Kev
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Seraching through previous posts found a little info about carfile, anyone had dealings with them???
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Have a look at this thread matey:
http://www.golfgtiforum.co.uk/index.php?topic=124236.0
Just for info i'm taking vw finance at 4% flat rate after a bit of haggling which i thought was quite good.
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Just taken a look thanks...
Seen uk car broker they are cheap i just need to find out more about them....
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I have just got a PCP type deal on my new R at 6.4% APR with Clydesdale Bank.
10% deposit minimum...downside is low final balloon payment and highish monthly payments, but over the whole term the low APR makes it quite a good package.
On a 5dr DSG Gti a 3 year PCP lease purchase would be about £426 per month on a £22,200 loan (after 10% deposit) with a GFV final payment of around £9,730 (APR 6.4%). You do not have the option of handing the car back though to get this low APR (you either have to make the final payment or part ex the car)
PM me if you want contact details.
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Just for info i'm taking vw finance at 4% flat rate after a bit of haggling
What does the APR work out at on this. I'm busy trying to way up whether to get a loan or dealer finance. Best loan I can see at the moment is 7.9% APR
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have a look at contract hire, the gti's start at around £300 per month +vat. You wont be able to lose the vat like a business but its still cheaper. deposit is from 3x payment down.
Pom
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The VW finance I agreed on was a 30% deposit over three years with a final payment of around £10K. Works in at 7.5%APR.
The 30% deposit was the maximum they would accept but they would have accepted less. Bigger the deposit, lower the monthly payments tho.
Contract hire seems as though you pay out a lot per month and the car is never yours? Am I right? Or do you have the option to buy at the end of the term?
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contract hire you pay the depreciation essentially. At the end of the 1, 2 or 3 year term you get another brand new one.
Pom
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contract hire you pay the depreciation essentially. At the end of the 1, 2 or 3 year term you get another brand new one.
Pom
It is definitely something I'm thinking of doing in the future as it is literally no different to paying a monthly payment for 36 months then trading the car in and starting again with another 36 monthly payments.
Also less hassle trying to get rid of your present car.
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contract hire you pay the depreciation essentially. At the end of the 1, 2 or 3 year term you get another brand new one.
Pom
It is definitely something I'm thinking of doing in the future as it is literally no different to paying a monthly payment for 36 months then trading the car in and starting again with another 36 monthly payments.
Also less hassle trying to get rid of your present car.
Only problem iv'e found with contract hire is that when the vehicle is returned they try and sting you with excess milage, any minor damage, etc.
Or that is on fleet vehicles ie vans, i know cars get looked after better but when i returned a contract hire van, i got a £1500 bill :angry:
Which has pretty much put me off and the car is not yours so cannot do any mods etc
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It is definitely something I'm thinking of doing in the future as it is literally no different to paying a monthly payment for 36 months then trading the car in and starting again with another 36 monthly payments.
Also less hassle trying to get rid of your present car.
This is the route I went down, as it allows me to change cars every 2yrs which is ideal for me. They will usually offer you the car for bottom book price once the lease comes to an end (dependent on demand of course). Although technically this is not actually allowed with lease cars I am told, which means if you do wish to purchase, it will have to be done by someone you trust.
My deal is no longer available but to give you some idea I am on a 3+23 £239pm + vat. Everything else inc all mods belong to me and are declared to my insurance, but will obviously be removed at the end of the lease if I give the car back. The only thing I pay for during the lease is the service cost. :smiley:
.... and as Neil said they do try to hammer you at the end of the lease but I am more than wise to this now so know exactly how the car should be returned to them. :wink:
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It is definitely something I'm thinking of doing in the future as it is literally no different to paying a monthly payment for 36 months then trading the car in and starting again with another 36 monthly payments.
Also less hassle trying to get rid of your present car.
This is the route I went down, as it allows me to change cars every 2yrs which is ideal for me. They will usually offer you the car for bottom book price once the lease comes to an end (dependent on demand of course). Although technically this is not actually allowed with lease cars I am told, which means if you do wish to purchase, it will have to be done by someone you trust.
My deal is no longer available but to give you some idea I am on a 3+23 £239pm + vat. Everything else inc all mods belong to me and are declared to my insurance, but will obviously be removed at the end of the lease if I give the car back. The only thing I pay for during the lease is the service cost. :smiley:
.... and as Neil said they do try to hammer you at the end of the lease but I am more than wise to this now so know exactly how the car should be returned to them. :wink:
Who is this with mate
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Johnny G
this does seem like a good deal however i need to try and get the payments down to around £380 pm at most...maybe contract hire is the only way, although not wanting to do it that way...
Now if i was getting the r for that i may push it... :grin: :grin:
Kev
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http://www.broker4cars.co.uk/PCP-Payment-Calculator/Car.jsp?showOptionsTab=FALSE&selectedPeriod=48&selectedMileage=10000&enteredDeposit=3500&firstTime=FALSE&seenOptionsPage=FALSE&63647=on&82385=on&64572=on&87233=on&87010=on&70423=on&85908=on&20191=on&6387=on&39468=on&87235=on&selectedManufacturer=VOLKSWAGEN&selectedModel=GOLF+HATCHBACK&selectedVariant=2.0+TSI+GTI+5dr
What do you think of this???
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It is definitely something I'm thinking of doing in the future as it is literally no different to paying a monthly payment for 36 months then trading the car in and starting again with another 36 monthly payments.
Also less hassle trying to get rid of your present car.
This is the route I went down, as it allows me to change cars every 2yrs which is ideal for me. They will usually offer you the car for bottom book price once the lease comes to an end (dependent on demand of course). Although technically this is not actually allowed with lease cars I am told, which means if you do wish to purchase, it will have to be done by someone you trust.
My deal is no longer available but to give you some idea I am on a 3+23 £239pm + vat. Everything else inc all mods belong to me and are declared to my insurance, but will obviously be removed at the end of the lease if I give the car back. The only thing I pay for during the lease is the service cost. :smiley:
.... and as Neil said they do try to hammer you at the end of the lease but I am more than wise to this now so know exactly how the car should be returned to them. :wink:
Who is this with mate
VW fleet :smiley:
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How do i find out what offers they have now???
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Just for info i'm taking vw finance at 4% flat rate after a bit of haggling
What does the APR work out at on this. I'm busy trying to way up whether to get a loan or dealer finance. Best loan I can see at the moment is 7.9% APR
Sorry Hartside, it's 8.1%apr.
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Johnny G
this does seem like a good deal however i need to try and get the payments down to around £380 pm at most...maybe contract hire is the only way, although not wanting to do it that way...
Now if i was getting the r for that i may push it... :grin: :grin:
Kev
I agree on the monthly payments but at the end of the day you should be quids in at the end, when you part exchange / sell the car (as the car's value should be a lot higher than the final payment ... and you would gain at the end compared with a similar PCP deal with lower monthly payments and higher final value)
I've never done Contarct Hire as I don't fully understand a few things, such as
1. Can you insure the car with any company (seeing as you're not the V5 registered keeper) and would it cost a lot more to insure as a result ?
2. What if you wanted to get rid of the car after one year ? (easy on PCP but would there be a big penalty with contract hire) ?
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well had a very good deal offered to me today so just got to try and sell mine....
Anyone after a mint Leon cupra K1 in white?????
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http://www.broker4cars.co.uk/PCP-Payment-Calculator/Car.jsp?showOptionsTab=FALSE&selectedPeriod=48&selectedMileage=10000&enteredDeposit=3500&firstTime=FALSE&seenOptionsPage=FALSE&63647=on&82385=on&64572=on&87233=on&87010=on&70423=on&85908=on&20191=on&6387=on&39468=on&87235=on&selectedManufacturer=VOLKSWAGEN&selectedModel=GOLF+HATCHBACK&selectedVariant=2.0+TSI+GTI+5dr
What do you think of this???
Well found ... that is remarkably similar to the deal I got :wink: :wink: :wink:
Note the small print on this website
Quotations are free. However, all applicants for credit will be charged a broker fee before being introduced to a lender. This fee will be discussed and agreed at the point of sale, typically 1.75% of the amount borrowed.
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Johnny G
this does seem like a good deal however i need to try and get the payments down to around £380 pm at most...maybe contract hire is the only way, although not wanting to do it that way...
Now if i was getting the r for that i may push it... :grin: :grin:
Kev
I agree on the monthly payments but at the end of the day you should be quids in at the end, when you part exchange / sell the car (as the car's value should be a lot higher than the final payment ... and you would gain at the end compared with a similar PCP deal with lower monthly payments and higher final value)
I've never done Contarct Hire as I don't fully understand a few things, such as
1. Can you insure the car with any company (seeing as you're not the V5 registered keeper) and would it cost a lot more to insure as a result ?
2. What if you wanted to get rid of the car after one year ? (easy on PCP but would there be a big penalty with contract hire) ?
^Good questions, also how does it work if you want to change brands ie audi/bmw at the end of the agreement? does the guaranteed value still apply?
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http://www.broker4cars.co.uk/PCP-Payment-Calculator/Car.jsp?showOptionsTab=FALSE&selectedPeriod=48&selectedMileage=10000&enteredDeposit=3500&firstTime=FALSE&seenOptionsPage=FALSE&63647=on&82385=on&64572=on&87233=on&87010=on&70423=on&85908=on&20191=on&6387=on&39468=on&87235=on&selectedManufacturer=VOLKSWAGEN&selectedModel=GOLF+HATCHBACK&selectedVariant=2.0+TSI+GTI+5dr
What do you think of this???
Well found ... that is remarkably similar to the deal I got :wink: :wink: :wink:
Note the small print on this website
Quotations are free. However, all applicants for credit will be charged a broker fee before being introduced to a lender. This fee will be discussed and agreed at the point of sale, typically 1.75% of the amount borrowed.
Johnny
i did read that and that is what put me off the deal i have had is from a company who simply put you intouch with a dealer and the dealer pays them a referal fee...
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Johnny,
Also love the pic of your R, if there was anyway i could afford then i would deff get one, i used to own a 57 plate r32 and that was awsome...
:cry: :cry:
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Johnny
i did read that and that is what put me off the deal i have had is from a company who simply put you intouch with a dealer and the dealer pays them a referal fee...
Yes, but what if you could go straight to the lender :grin:
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Johnny
i did read that and that is what put me off the deal i have had is from a company who simply put you intouch with a dealer and the dealer pays them a referal fee...
Yes, but what if you could go straight to the lender :grin:
Do you know more than you are letting on johnny????
If so spill....
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Do you know more than you are letting on johnny????
If so spill....
Here's a big clue
I have just got a PCP type deal on my new R at 6.4% APR with Clydesdale Bank.
PM me if you want contact details.
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Do you know more than you are letting on johnny????
If so spill....
Here's a big clue
I have just got a PCP type deal on my new R at 6.4% APR with Clydesdale Bank.
PM me if you want contact details.
:embarassed:
really should pay more attention