GolfGTIforum.co.uk
Model specific boards => Golf mk7 => Topic started by: stuart.cameron on 23 August 2013, 18:12
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Okay, after not getting anywhere with the local dealer regarding a deal on a new GTD. I turned to this forum and Drive the Deal.
I wasn't sure about DTD as I didn't want to pay a deposit without first speaking to a dealer.
Today I found a website www.carwow.co.uk, put in my spec and within a couple of hours a few dealers had left me quotes. One dealer around 100 miles away left me a descent price but I asked if he would match the Drive the Deal price and he agreed to this if I pick the car up from them.
Anyway he can do me a Golf GTD 3dr DSG in carbon grey w/ discovery nav pro, park assist, winter pack and keyless for £26224 which is a 12% discount and delivery in December(!!!)
Now my problem is I have a 2011 VW Polo GTI to get rid off, 44k miles. He said he would offer me £8000 in December at that point my finance will be just below £10000 :(
What would you do?
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Congrats on the good deal Stuart - for a brand new GTD order I would have thought that December was being a bit optimistic. I was under the impression any new orders from now will be Feb 2014 deliveries at the earliest.
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Congrats on the good deal Stuart - for a brand new GTD order I would have thought that December was being a bit optimistic. I was under the impression any new orders from now will be Feb 2014 deliveries at the earliest.
Yeah, not to sure whether to believe that lead time or not...
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Regardless of deal, if you are in negative equity with your current car, buying a new one isn't the smartest idea as that void will only grow larger as you drive away the new one. If you can stomach it, and really want the car, by all means go for it, but I'd be thinking twice about my priorities. Sorry to be blunt!
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Regardless of deal, if you are in negative equity with your current car, buying a new one isn't the smartest idea as that void will only grow larger as you drive away the new one. If you can stomach it, and really want the car, by all means go for it, but I'd be thinking twice about my priorities. Sorry to be blunt!
Yes I understand, but I messed up with my mileage on the last deal and I'm now paying the consequences!
if I keep the car I'm going to be in the same situation 6 months down the line...
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Okay, after not getting anywhere with the local dealer regarding a deal on a new GTD. I turned to this forum and Drive the Deal.
I wasn't sure about DTD as I didn't want to pay a deposit without first speaking to a dealer.
Today I found a website www.carwow.co.uk, put in my spec and within a couple of hours a few dealers had left me quotes. One dealer around 100 miles away left me a descent price but I asked if he would match the Drive the Deal price and he agreed to this if I pick the car up from them.
Anyway he can do me a Golf GTD 3dr DSG in carbon grey w/ discovery nav pro, park assist, winter pack and keyless for £26224 which is a 12% discount and delivery in December(!!!)
Now my problem is I have a 2011 VW Polo GTI to get rid off, 44k miles. He said he would offer me £8000 in December at that point my finance will be just below £10000 :(
What would you do?
Take the deal and flog the Polo privately? Not sure you can get £2k more for it though, sounds a bit of a stretch. Can any of the other dealers give you a better p/x?
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Okay, after not getting anywhere with the local dealer regarding a deal on a new GTD. I turned to this forum and Drive the Deal.
I wasn't sure about DTD as I didn't want to pay a deposit without first speaking to a dealer.
Today I found a website www.carwow.co.uk, put in my spec and within a couple of hours a few dealers had left me quotes. One dealer around 100 miles away left me a descent price but I asked if he would match the Drive the Deal price and he agreed to this if I pick the car up from them.
Anyway he can do me a Golf GTD 3dr DSG in carbon grey w/ discovery nav pro, park assist, winter pack and keyless for £26224 which is a 12% discount and delivery in December(!!!)
Now my problem is I have a 2011 VW Polo GTI to get rid off, 44k miles. He said he would offer me £8000 in December at that point my finance will be just below £10000 :(
What would you do?
Take the deal and flog the Polo privately? Not sure you can get £2k more for it though, sounds a bit of a stretch. Can any of the other dealers give you a better p/x?
That would be the ideal situation, sell it to clear the finance and start again.
Got offered a better P/X from my local dealer but no discount on the new car :(
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Get the Dec delivery and 8K PX in writing, by the time the new GTD arrives you will be in profit
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Wait until you can Voluntary terminate you finance agreement which is once you have paid half the total amount payable.
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Wait until you can Voluntary terminate you finance agreement which is once you have paid half the total amount payable.
+1.
Rule of halves.
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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.
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http://www.experian.co.uk/consumer/questions/askjames229.html
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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...
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http://www.experian.co.uk/consumer/questions/askjames229.html
Fair enough, I stand corrected! :smiley:
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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.
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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.
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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!
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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 :wink:
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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.
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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.
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http://www.experian.co.uk/consumer/questions/askjames229.html
I love how the expert has quoted "should not be affected" & "may add a voluntary termination flag to the record"
We all know what should and shouldn't happen doesn't always happen in the real world :huh:
My work colleague handed back his car as a ‘Voluntary termination’ and he was more or less blacklisted and had a horrendous time trying to clear his name and have his credit rating put back on track. Granted this was around 8 years ago and things may well have changed but his experience has certainly put me off going down that line.
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I did this about 10 years ago and no adverse affect on any credit rating. problem now though is that lenders are more choosy about who they deal with so any excuse for them to knock you back so be used
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Ordered! :smiley:
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If you dont mind me asking Stuart, what garage did you buy from?ta
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If you dont mind me asking Stuart, what garage did you buy from?ta
Just PM'd you!
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Hi I would like to know also please. I think my low post count means I cant pm but I will try. I tried my local dealer but was pretty rubbish.
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Hi I would like to know also please. I think my low post count means I cant pm but I will try. I tried my local dealer but was pretty rubbish.
Just emailed you back if that was you...