GolfGTIforum.co.uk
Model specific boards => Golf mk7 => Topic started by: Schuey on 16 September 2014, 07:27
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How do you think the MK7 GTI residual values are holding out?
There seem to be a lot of demos or pre-reg available yet I have seen some strong prices recently.
Has anybody considered p/ex? If so were you pleased or disappointed with the valuation?
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How do you think the MK7 GTI residual values are holding out?
There seem to be a lot of demos or pre-reg available yet I have seen some strong prices recently.
Has anybody considered p/ex? If so were you pleased or disappointed with the valuation?
The initial valuation of my p/ex was, quite frankly, a joke. I actually laughed in the bloke's face. After some discussions, it was bumped up to a more realistic figure. Which means they'll still make a profit when they sell it. Residuals seem to be pretty good at the moment I think.
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MB: how low are we talking here? Like £2/3k lower than where you ended up on the p/x? Usually there's nowt between 1 year old and 2 year old p/x prices, because for the 1 year old model the dealer wants to make £4k on it and still have it priced noticeably less than a moderately discounted new one.
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MB: how low are we talking here? Like £2/3k lower than where you ended up on the p/x? Usually there's nowt between 1 year old and 2 year old p/x prices, because for the 1 year old model the dealer wants to make £4k on it and still have it priced noticeably less than a moderately discounted new one.
They offered me £3,000 less than where we ended up. I think they think you don't do any research before you turn up on how much your car is actually worth :grin:
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£3k? They would've thought all their Christmas' had come at once if you'd have accepted that. Greedy b'stares. Good price on p/x and discount on the R? Worst case I'd be wanting £500 more than WBAC and broker price on the R, or any combination that gave the same price to change. Did you do better than that?
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How do you think the MK7 GTI residual values are holding out?
There seem to be a lot of demos or pre-reg available yet I have seen some strong prices recently.
Has anybody considered p/ex? If so were you pleased or disappointed with the valuation?
The initial valuation of my p/ex was, quite frankly, a joke. I actually laughed in the bloke's face. After some discussions, it was bumped up to a more realistic figure. Which means they'll still make a profit when they sell it. Residuals seem to be pretty good at the moment I think.
This is what I thought, some dealers are definitely trying their luck on p/ex values, my recent valuation jumped from £20K to £22K in a phone call after I said the deal would not happen @ less than £22K.
I have seen 63/14 plate GTIs as direct trade purchases for £23 -£24.5K (not high/fancy spec) which seems to leave two options of a high retail price or de-valuation of a part ex given the margins we know they want to make. It seems unlikely that a main dealer would ever offer that in part ex for the same cars.
Also all quotes I have been given include gap which I guess offsets the perceived higher part ex values given by £400-£500.
Changing cars is becoming hard work. :undecided:
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@Schuey Yes, they are really trying their luck with part ex figures. I was offered £18,500 and told them I would not accept anything less than £21,500. My mileage is higher than what it should be (17k) however the car is in impecable condition bar some stone chips. I did my research into what similar cars were going for, allowed for a dealer margin, and then came up with £21,500.
What made me laugh was that in their forecourt they had a Mk 6 GTI on for £18,000 and they were offering me £500 more for my Mk 7. When I pointed this out to the dealer his face was a picture :grin:
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sorry interrupt you guys, I'm looking at trading up to a GTI or and R from my GTD within the next 6 months or so. what I was interested in is I have looked around on the Autotrader etc and it appears that similar spec GTDs are retailing at between 24500-26500. now I only have 8800 miles on mine. If I was to hazard a guess I should be looking at atleast 22000 on a PX or am I under/over estimating here.
I initially intended to pay the balance off early and then sell privately, however, I have just used all my money to buy a house so now, whilst the monthly's are easily affordable and within budget. I do not have the ability to pay ff the lump sum on the PCP. now I think about it with hindsight as a new person to the world of PCP I may have put too much in to begin with so I am bound to lose out but I dont want to lose too much.
also from your experience Matchboy, i know you went for a PCP but from all these lease deals on the R that are around I cant help but think that might be a good idea.
I want the best of both worlds a good deal and minimal input (money) to change. I have a client who has a Ind dealership in Birmingham and he said that he will put me in touch with his finance guy who is able to secure preferential rates so I may go down that route.
my head hurts from thinking about all of this. I have emailed my existing dealership Johnsons VW in Birmingham to see what they will offer but I know they will try and rip me off.
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sorry interrupt you guys, I'm looking at trading up to a GTI or and R from my GTD within the next 6 months or so. what I was interested in is I have looked around on the Autotrader etc and it appears that similar spec GTDs are retailing at between 24500-26500. now I only have 8800 miles on mine. If I was to hazard a guess I should be looking at atleast 22000 on a PX or am I under/over estimating here.
I initially intended to pay the balance off early and then sell privately, however, I have just used all my money to buy a house so now, whilst the monthly's are easily affordable and within budget. I do not have the ability to pay ff the lump sum on the PCP. now I think about it with hindsight as a new person to the world of PCP I may have put too much in to begin with so I am bound to lose out but I dont want to lose too much.
also from your experience Matchboy, i know you went for a PCP but from all these lease deals on the R that are around I cant help but think that might be a good idea.
I want the best of both worlds a good deal and minimal input (money) to change. I have a client who has a Ind dealership in Birmingham and he said that he will put me in touch with his finance guy who is able to secure preferential rates so I may go down that route.
my head hurts from thinking about all of this. I have emailed my existing dealership Johnsons VW in Birmingham to see what they will offer but I know they will try and rip me off.
£20K would be my guess if its a manual with a few options.
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22k at least if they gave you 22k for your gti!
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22k at least if they gave you 22k for your gti!
It's dsg with leather keyless sat Nav in DPB
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22k at least if they gave you 22k for your gti!
Sorry, I meant that's what I thought the dealers initial offer would be.
It's dsg with leather keyless sat Nav in DPB
Hopefully that should do well, none of the ones last week were as high a spec as that & like I said they were 22-23K.
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Anyway the dealer emailed me saying we have immediate availability of the following cars
Golf R 2.0 TSI 300PS DSG 5Dr
Lapiz Blue Metallic
Discover Navigation
Panoramic Sunroof
Winter Pack
Climate Windscreen
Golf R 2.0 TSI 300PS DSG 5Dr
Reflex Silver Metallic
Rear View Camera
The Golf GTI we have onsite is:
Golf GTI 2.0 TSI 220PS DSG 5Dr
Tornado Red
Vienna Leather – Black
Discover Navigation Pro
19” Santiago Alloys
And then the email that made me :laugh:
The Lapiz Blue Golf R has a list price of £35,145
The Reflex Silver Golf R has a list price of £32,670
The Golf GTI has a list price of £32,870
All of the above cars are available for immediate delivery, and of course I would look at doing you the best possible deal to secure your business once again.
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Anyway the dealer emailed me saying we have immediate availability of the following cars
Golf R 2.0 TSI 300PS DSG 5Dr
Lapiz Blue Metallic
Discover Navigation
Panoramic Sunroof
Winter Pack
Climate Windscreen
Golf R 2.0 TSI 300PS DSG 5Dr
Reflex Silver Metallic
Rear View Camera
The Golf GTI we have onsite is:
Golf GTI 2.0 TSI 220PS DSG 5Dr
Tornado Red
Vienna Leather – Black
Discover Navigation Pro
19” Santiago Alloys
And then the email that made me :laugh:
The Lapiz Blue Golf R has a list price of £35,145
The Reflex Silver Golf R has a list price of £32,670
The Golf GTI has a list price of £32,870
All of the above cars are available for immediate delivery, and of course I would look at doing you the best possible deal to secure your business once again.
A pity the R's don't have the 19" wheels. They make the car for me..... otherwise the car looks a bit ordinary imo.
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also from your experience Matchboy, i know you went for a PCP but from all these lease deals on the R that are around I cant help but think that might be a good idea.
I think you'd probably get a cheaper monthly payment if you went for a lease, but I prefer doing a PCP so that I have some equity available for my next car. Don't forget to get at least 10% off an R too!! :smiley:
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also from your experience Matchboy, i know you went for a PCP but from all these lease deals on the R that are around I cant help but think that might be a good idea.
I think you'd probably get a cheaper monthly payment if you went for a lease, but I prefer doing a PCP so that I have some equity available for my next car. Don't forget to get at least 10% off an R too!! :smiley:
Orangewheels are currently offering 13% off new orders so may use that as a bit of a carrot.
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So very tempted by the prospect of an R, on the assumption I would get £21k for my car and still be able to get 10% off the R. My GTD is vanilla, but the retention of optional equipment costs is poor, I wouldn't expect a car loaded with £3k options to be worth more than a grand more than a vanilla one at a year old.
I owe about £15k on my GTD right now - £6k equity in the GTD would put me right back where I was when I got it.
For those wanting to trade a GTI/GTD with Pro Nav and want it on the new one, they're probably far better off asking the dealer to swap the units over on a non-pro Nav equipped R than buying new.
My only concern about trading up to an R is wondering how long my commute might be in 9 months time when I need to find another job. I wouldn't want to be fuelling an R to potentially do an 80 mile round trip to work every day. Decisions, decisions.
The Sales manager promised me a "great deal" on my next car following the discovery of the transport pucks in my front suspension.
There seems plenty of stock about for the R, but assuming you were ordering from scratch, I wonder what the lead times are right now on an R, and how long they still are on GTIs and GTDs.
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Questions questions questions!!!
Going to possibly wait until a little but later on this year but I really doubt the equity I started with and what I am owed will be the same so it's about negotiating the beat deal and Bham vw don't negotiate the way I like
Lead times apparently are January 2015 on gti and r. This is via a broker car life who advised that I sell privately as car is too new for their used car buyer and he said their dealer will quote me too low
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So very tempted by the prospect of an R, on the assumption I would get £21k for my car and still be able to get 10% off the R. My GTD is vanilla, but the retention of optional equipment costs is poor, I wouldn't expect a car loaded with £3k options to be worth more than a grand more than a vanilla one at a year old.
I owe about £15k on my GTD right now - £6k equity in the GTD would put me right back where I was when I got it.
Does that mean your GFV remains the same for both? Dealers have a tendency to load up the deal at the back end to give the impression of similar monthly payments for the same duration with up to 30% deposit.
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So very tempted by the prospect of an R, on the assumption I would get £21k for my car and still be able to get 10% off the R. My GTD is vanilla, but the retention of optional equipment costs is poor, I wouldn't expect a car loaded with £3k options to be worth more than a grand more than a vanilla one at a year old.
I owe about £15k on my GTD right now - £6k equity in the GTD would put me right back where I was when I got it.
Does that mean your GFV remains the same for both? Dealers have a tendency to load up the deal at the back end to give the impression of similar monthly payments for the same duration with up to 30% deposit.
I'm not on VW finance, I borrowed £20k off my Dad at the rate his ISA was paying (2.8%). I pay him £410 a month, because that's what my last car cost and I wouldn't miss it and i'm paying the car off quicker. I owe my Dad about £15k right now, and i'm assuming the car is worth £21k = £6k equity.
I'm always aware of what GFVs are for a car I buy, just as a measure of worst case scenario p/x price, so I do measure GFV from time to time.
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My local dealership group, Pulman, have 3 GTDs on offer at the moment, 63 plate 5 door manual is £24k,DSG same price, 5 door DSG is £24.5k. No mention of options, so i'd expect mine to be up for £24k right now if they had it available for sale, £21k should be achievable as a p/x if the dealership isn't wanting to be too greedy. If I wanted to hang on until the next plate, i'd probably expect £1500 less (£200 a month depreciation for 5 months after a plate + an extra £500 off at plate change month after year 1 right through to year 3 is about right).
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@monkeyhanger Lead times are as you would expect - I'm looking at 5-6 months ie. 1st March delivery :cry:
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@monkeyhanger Lead times are as you would expect - I'm looking at 5-6 months ie. 1st March delivery :cry:
I did wonder whether they were banging these out any quicker than the first lot of GTIs and GTDs. 1st March delivery would probably suit me, if I was being really sensible it would be next Sept, but I would still have to order one before I know how far i'll have to travel for my next job, following redundancy next June. I think i'll be looking to get a 24 hour test drive and take it on my commute. It might be the case that on a commute of 12 miles like mine, a cold start commute on an R might not be miles away from a cold start commute in a GTD where 9 of my 12 miles are done before the oil is up to 90C. 32mpg on my commute in an R vs an actual 45mpg currently in my GTD would be a win for me.
Do I want to jump ship to an S3, just for a nicer (probably the best interior in its class) interior and have to pay for all the equipment that is standard on the Golf? I totted up everything we get and added it to an S3 - the equipment amounts to around £2700, just for things like ACC, upgrading the Xenons to adaptive, parking sensors, rain and light sensors, interior lighting (ambient), folding mirrors, privacy glass etc.
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What colour? If I do make the change, I do like the look of Lapiz Blue (loved the Rising Blue of my Scirocco), but wonder whether every R out there will be that colour. Pearl black looks great but is a bugger for swirls and keeping clean, Or Carbon Grey - love the colour but grey seems to be second only to white in how many there are on the roads. It will probably be between Carbon and Lapiz. Tried to phone my dealer this morning, but he's going to be in late and transferred to another branch which is usually less able to give the best deals.
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That's my point. I'm on a PCP so I get the interst they roll up back if settled early. But in terms of lead times if I want to switch in September may be that I order in March and see what's on offer then but the the GTD DEpreciats as monkeyhanger has set out. I can order via a broker and utilise a private loan at aore favourable rate I.e 2.9%. Meaning anything around about what I am paying I'm happy with question is PP GTI in TR or R and when do I order.
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R not available in carbon grey.Pity would look good in this colour.
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R not available in carbon grey.
Is that for sure, or is it assumed because it isn't on the configurator? In the early days of GTI/GTD ordering it wasn't on for them either, but the dealer could get on the system and place an order.
Do Rs come with blue ambient lighting in the same way as GTIs have red on the internal door strips?
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R's are definitely not available as standard in Carbon Grey. Blue ambient lighting on the door sills and door strips. Dial needles are also blue rather than red
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They do a limestone grey which I have just seen and looks nice as the sun is setting. Dunno about broad daylight.
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Reflex silver looks superb imo, so much so i wish i'd gone for it myself! If your concerned about swirls and marks i'd give Lapiz a miss if i were you, it looks great when you put some SERIOUS effort in but it needs to be treated with kid gloves unfortunately.
(http://i762.photobucket.com/albums/xx265/blaarp1/th_543f6616ae9b91a56ef34c22ea496eb4_zpscb044cfb.jpg)
(http://i762.photobucket.com/albums/xx265/blaarp1/th_901ff7e3e47fee1420ca2fae1f427033_zps8021322a.jpg)
This is a great website for colour choices:
http://www.autoscout24.ch/de/autos/vw--golf?lng=de&make=82%2c%2c&model=585%2c%2c&page=1&sort=price_desc&typename=r%2c%2c (http://www.autoscout24.ch/de/autos/vw--golf?lng=de&make=82%2c%2c&model=585%2c%2c&page=1&sort=price_desc&typename=r%2c%2c)
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The grey and the silver bang on the money.
Jimble what spec is you R
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I always managed to keep my Rising Blue Scirocco looking smart - it was a bit of a standout colour on the roads when 40% of the cars on the road seem to be white, and 50% of the remainder were a greyscale shade. Carbon Steel Grey and similar shades (like Audi Daytona grey) are my preferred area of the greyscale. My first Scirocco was a grey that got discontinued early on, not sure why, it was a great colour, had a strong purple hue about it.
Looking at the pics link, for me it has to be reflex silver (as long as it doesn't look bare/unpainted - some cars do) or Lapiz blue. I've had a few black pearl Polos and Golfs in the past, and they do look great if you don't mind washing the car every day (not as keen on washing the car more than once a week as I used to be).
I'll be steering clear of Tornado red if I get an R, it just doesn't seem like an R colour to me and i've been a bit shocked by the thickness (or lack of) of the paint - a strong metallic colour needs a thicker coat to achieve the colour opacity. Hopefully that means fewer paint chips that go down to the basecoat.
Still don't see the need to load up spec - keyless might be the only thing i'd think of adding, and that would be purely for the novelty.
Specced up an Audi Sportback S3 to minimum spec i'd want (about 2/3 of the standard spec on the R that is optional on the S3), and with a 10% discount on both, the R would be costing about £2800 (10%) less than the S3. It's a bit of a toss-up between the 2. 5 door R is externally nicer than the Sportback IMO, but the S3 interior is just the best you'll see on a car less than £50k, the R is reputed to be a slightly better drive, but will you only notice hooning around a track and driving it like you stole it, as the journos do. The Audi dealerships around me do seem to look you up and down to determine if you can afford their products or whether you're just "riff-raff". There's just one more thing to consider between the 2, it's obligatory to be a twit behind the wheel in the Audi and non-one will flash you out of a junction as karmic payback. :whistle:
I think I might be swaying more to the R
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Monkeyhanger are you going towards a manual or DSG. Also if I'm in 2 minds reflex silver R or Tr gti. As it's not a metallic what is the TR like does it look faded or do you have to keep it really clean to get it to shine.
I'm struggling to stay on top of my DPB its too much hard work.
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MisterP: Not really a DSG person - if I did so, it would only be for the marginal 0-62 increase (which is only really true when you're using launch control?). I'd be more tempted in DSG if it brought you down a road tax band or gave you noticeable increase in mpg (1.1mpg on the combined, more like 0.7mpg around the doors is negligible for me). My dad has always gone with DSG, i've never liked them in use. It's a cheesy cliche, but I feel far less engaged when using a DSG and cruise control, and I always feel that there is no middle ground with DSG - put your foot down and it'll hold onto gears for far too long, and every other time it's shifting up far too early, even with moderate acceleration. I'm sure plenty of DSGers will strongly disagree with me though.
I would steer clear of TR for my next car - the paint is so thin, if you get a stone chip it will almost certainly be down to the off-white basecoat. My dad's stone chips on his DBP GTD have never gone down to the basecoat, the metallics/pearls seem so much thicker. With no work or product on (as was the case with the demo me and mcmaddy tried out while waiting for our GTDs) it does look flat. When sealed and/or waxed up the colour glows and looks it's best at night. Paint thickness is making me err on reflex silver - i'm sure I read a while back that it is the thinnest metallic paint (thinking about stone chips again). I'm still torn, probably 80:20 Lapiz:Reflex. TR does hide a moderate amount of muck well. Reflex Silver will have better contrast with the black bits than the Lapiz.
Unless the slightly plain looking front bumper and seat cloth of the R sways you towards the GTI, i'd be going with the R. You don't buy either for mpg, and the fuelling costs are likely to only be £20 a month more than the GTI. The GFV of the R is such that an R costs the same on PCP as a GTI, a similar situation that the GTD shares with the lesser GT 150TDI. Going to ring my local dealer today and probably shoot through to Pulman Durham this afternoon to see it I can negotiate 10% off list and a decent part-ex price for mine.
Out driving today in the GTD and the lack of grip with even moderate acceleration has really peed me off (sh!tty Bridgestones! I will rotate my tyres and put up with them if I am getting an R for next March).
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Was pleasantly surprised about the insurance on the R. I ran a number of scenarios:-
Me as sole driver - parked on drive/parked on road outside my house
Me and the Wife, assuming she'd just passed her test (she is going to take lessons soon as she gets a lift to work now on the way to mine, but will need a car of her own when I have to change jobs following impending redundancy.
£259 on my own, a tenner cheaper parking it on the road than my drive - presumably that's the reduced risk of someone breaking into your house for the keys, if it's parked on the road then the thieves can't be sure which house it belongs to.
£400 including a newly qualified driver - wow, potentially a new driver let loose with a 300PS car for £400 a year, unbelievable!
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The grey and the silver bang on the money.
Jimble what spec is you R
Mines 5DR, manual, 19" Pretoria wheels, DCC, Pro nav. With the baby on the way we're still trying to decide whether to keep it and see how we go or get something a bit more "suitable"? :undecided:
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The grey and the silver bang on the money.
Jimble what spec is you R
Mines 5DR, manual, 19" Pretoria wheels, DCC, Pro nav. With the baby on the way we're still trying to decide whether to keep it and see how we go or get something a bit more "suitable"? :undecided:
Keep it you only need the boot space at the outset then you can switch to a stroller instead of a gigantic pushchair.
I'm thinking reflex silver keyless discovery Nav and leathers and that's only because the leathers are easier to clean if my little one throws up on them or makes a mess in comparison to the cloth.
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Was pleasantly surprised about the insurance on the R. I ran a number of scenarios:-
Me as sole driver - parked on drive/parked on road outside my house
Me and the Wife, assuming she'd just passed her test (she is going to take lessons soon as she gets a lift to work now on the way to mine, but will need a car of her own when I have to change jobs following impending redundancy.
£259 on my own, a tenner cheaper parking it on the road than my drive - presumably that's the reduced risk of someone breaking into your house for the keys, if it's parked on the road then the thieves can't be sure which house it belongs to.
£400 including a newly qualified driver - wow, potentially a new driver let loose with a 300PS car for £400 a year, unbelievable!
Was surprised too just now when I tried a couple of quotes.
Cheapest I could find for a 2014 R was £465 but for a standard 2014 GTI it was £490, yet a GTI with PP was only £442! :shocked:
How is it that the more expensive and powerful cars are cheaper for me to insure? :huh:
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Was surprised too just now when I tried a couple of quotes.
Cheapest I could find for a 2014 R was £465 but for a standard 2014 GTI it was £490, yet a GTI with PP was only £442! :shocked:
How is it that the more expensive and powerful cars are cheaper for me to insure? :huh:
Maybe they think you'll look after the expensive car more? S3 was £40 more than the R, lack of ACC sensors as standard to potentially save you from a smash?
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Reflex silver looks superb imo, so much so i wish i'd gone for it myself! If your concerned about swirls and marks i'd give Lapiz a miss if i were you, it looks great when you put some SERIOUS effort in but it needs to be treated with kid gloves unfortunately.
(http://i762.photobucket.com/albums/xx265/blaarp1/th_543f6616ae9b91a56ef34c22ea496eb4_zpscb044cfb.jpg)
(http://i762.photobucket.com/albums/xx265/blaarp1/th_901ff7e3e47fee1420ca2fae1f427033_zps8021322a.jpg)
This is a great website for colour choices:
http://www.autoscout24.ch/de/autos/vw--golf?lng=de&make=82%2c%2c&model=585%2c%2c&page=1&sort=price_desc&typename=r%2c%2c (http://www.autoscout24.ch/de/autos/vw--golf?lng=de&make=82%2c%2c&model=585%2c%2c&page=1&sort=price_desc&typename=r%2c%2c)
That's my girl right there :cool:
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Reflex silver with the pano roof looks particularly stunning
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http://www.pistonheads.com/classifieds/used-cars/volkswagen/golf-gti-mk7/volkswagen-golf-2-0-tsi-gti-3dr-dsg/2451034
£21,000 3 door white DSG 4000 miles
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£21,000 3 door white DSG 4000 miles
You need your eyes tested :shocked: :laugh: