GolfGTIforum.co.uk
Model specific boards => Golf mk7 => Topic started by: GTI7me on 26 October 2014, 12:57
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My GTI is just about to go in for its first 10000 miles service. After the long wait for the GTI and the hours of forum reading, I've just been enjoying the car and ignoring what other people have been paying etc.
Since booking in for a service I've started noticing the crazy cheap lease deals on the R, I'm talking £180 per month with £2000 up front. I'm currently paying £220 per month on PCP with a deposit of £8000. My first payment was 13 months ago.
To be honest i'm feeling a little like I've been mugged by VW here as initial calculations suggest I could have had an R for two years for what I've lost in depreciation in one year in the GTI.
So the question is, do I chop the GTI in now and go for a lease deal on the R, or even "upgrade" my PCP package and go for an R. Or do I stop worrying and keep the drivers seat warm in the GTI?
Thoughts people?
J
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Iv faced a similar problem. Had my first service on my GTI ppand they gave me a R dsg for the day while service was being done. I had asked for a drive as I had noticed the deals on the R also. Anyway i ordered one the same day for next march. If you get a decent discount like 10% it makes good sense to swap. The R is a great drive.
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Iv faced a similar problem. Had my first service on my GTI ppand they gave me a R dsg for the day while service was being done. I had asked for a drive as I had noticed the deals on the R also. Anyway i ordered one the same day for next march. If you get a decent discount like 10% it makes good sense to swap. The R is a great drive.
Thanks for your input. What are your monthly payments like on the R compared to your existing GTI?
J
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The thing is, you have paid nearly £11,000 so far. It's quite a big chunk off making it properly yours. It's all very well these people driving round in an .:R for however much a month on these current lease deals, but when all their payments are made and the car goes back, they'll have no .:R any more...just memories.
Some people worry about depreciation as well, but it has to be remembered that you only realise that loss when you sell the car. Own the car, drive around in it and enjoy it, and depreciation isn't even a factor.
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Funny I was talking to my friend who works for VW finance in a main dealer last weekend. He was saying the R's are flying out of the show room at the minute and hardly anyone is buying a GTI due to the PCP deals on the R.
He was telling me internally they are worried as customers who have purchased an R will more than likely not have any equity in the car at the end of three years due to market being flooded with used R's. They are expecting R owners to only receive their GMFV which makes selling them a new car tougher. He did say GTI owners could be quids in due to higher residuals. Its all swings and roundabouts go and enjoy the GTI its a great car :smiley:
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Funny I was talking to my friend who works for VW finance in a main dealer last weekend. He was saying the R's are flying out of the show room at the minute and hardly anyone is buying a GTI due to the PCP deals on the R.
He was telling me internally they are worried as customers who have purchased an R will more than likely not have any equity in the car at the end of three years due to market being flooded with used R's. They are expecting R owners to only receive their GMFV which makes selling them a new car tougher. He did say GTI owners could be quids in due to higher residuals. Its all swings and roundabouts go and enjoy the GTI its a great car :smiley:
I doubt that GTIs will have better residuals as a result of plenty of people jumping into an R. They are likely to soften if R used prices are lower than anticipated. If the R is the better car in the view of the buying public than the GTI, why would GTI used values strengthen?
Supply and demand is exactly that, one affects the other. If more people want an R than want a GTI then that is going to do nothing positive for used prices. If there are plenty of used Rs out there in a few years time, on the back of the lease deals and the demand is there for them, used prices wont soften either. If the demand isn't there then they will fall some, but the R should always be worth proportionally more than a GTI. If the R used prices fell to anywhere near what a GTI's are right now then the GTI would have to fall from where it is now. The R is a different car to the GTI - 4WD traction can't be replicated with a tuning box or remap. You can tune a GTI up to near R levels, but do the same to an R and the gap will still be there.
There's a fair bit of scaremongering going on right now with the R, but personally I don't think VW can afford to let the GTI's GFV fall below 50%, and indirectly to let the R's fall much either. One of the main reasons the Golf does so well in sales in the face of cheaper competition is it's strong residuals. Take those away and people will be looking to save thousands by moving to other hot hatches that are cheaper to buy in the first place. Take away the "equity" (p/x value above GFV) at p/x time for those on PCP to keep you coming back to VW and there may be more sales lost - that equity is engineered to promote brand loyalty. VW engineers the financials better than the cars these days, I can't honestly believe they've dropped a bollo<k with R GFV.
They're both great cars, but the GFV fate of one affects the other very much.
I still believe it's enthusiasts that frequent forums such as this one who are buying the Rs, the general car buying public don't know what an R is. I believe VW hasn't got through as many Rs as it had planned to, and as a result we're seeing some of these lease deals to get the cars on the road and seen.
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My GTI is just about to go in for its first 10000 miles service. After the long wait for the GTI and the hours of forum reading, I've just been enjoying the car and ignoring what other people have been paying etc.
Since booking in for a service I've started noticing the crazy cheap lease deals on the R, I'm talking £180 per month with £2000 up front. I'm currently paying £220 per month on PCP with a deposit of £8000. My first payment was 13 months ago.
To be honest i'm feeling a little like I've been mugged by VW here as initial calculations suggest I could have had an R for two years for what I've lost in depreciation in one year in the GTI.
So the question is, do I chop the GTI in now and go for a lease deal on the R, or even "upgrade" my PCP package and go for an R. Or do I stop worrying and keep the drivers seat warm in the GTI?
Thoughts people?
J
You're looking at 18 month values for your p/x by the time you'll get your hands on a newly ordered car. Whether it makes financial sense to change depends on your options, which are very modest, excluding PP which depreciates like a model designation and not like an option. Your Nav and park assist might enhance GFV of a 5dr PP by £300 tops. I'd expect your car to be up on a used forecourt for about £22k next March, meaning that £18k p/x is acheivable as an "honest/realistic" value that won't undermine your ability to squeeze 12% discount out.
By £8k deposit, I take it to mean whatever you put down and whatever discount you got combined, so you PCP'd about £20k on a £28k RRP car? At the moment then, i'd say about £100 a month of your payments is interest and the other £120 a month is coming off your capital at this early stage, so in 18 months you'll owe about £17800k (£20k - (18x £120pm)). You're nigh on evens on what it's worth vs what you'll owe. I'd be chasing £500 equity + 12% discount on the new R if you're PCPing again.
Officially your GFV equivalent at 18 months will be lower than £18k because VW finance values the car at teh same value for 18 and 24 months which is ridiculous - they'll have an 18 month old example in their used forecourt for £1500 more than a 2 year old example.
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As others have said....either is a great car at the end of the day.
We looked into changing into a R but after taking into account the waiting time, the additional running costs and the fact I prefer several things the GTI offers over the R im sticking with the GTI. This debate will continue for ever more...If a person wants a R over a GTI they will justify it in their own head regardless what anyone says on the subject.
On a personnel note ive done the the Golf thing now...not that there is anything wrong with Golf's, im just not sure id buy another even if it was a R.
Now the proposed Polo R or a MQB based Scirocco.....they could be tempting.
Ken
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Now the proposed Polo R or a MQB based Scirocco.....they could be tempting.
Ken
You'll be waiting a while for an MQB Scirocco, they've only just done their mid-life facelift - another 3 or 4 wait there methinks, and the Polo R won't be MQB based either.
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I didnt say the Polo would be MQB based
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I didnt say the Polo would be MQB based
I know, but i'm sure you'd like it to be. The MQB platform is miles ahead for handling and refinement over the old platform as anyone coming from a MK5/6/Scirocco etc will attest to.
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I'm getting a bit fed up with all these threads about R lease prices, and people jumping ship over to an R because it's the cheaper option, for anyone that actually WANTED an R in the first place the difference in cost was never huge, i can understand that a few guys on here have had a GTI/D since before the R was available and changing is an attractive proposition, i personally wish i hadn't bothered and just got another GTI because in general day to day use the R just ain't all that! It's not as nice inside as the GTI imo, it's no more comfortable, less so in fact and apart from the odd day when you can give it a bit round the twisties the GTI PP is every bit as capable if putting a smile on your face.
I'll be honest i just don't get the hype thats surrounding the R atm, yes it's quick but for the majority of buyers who will never explore it's real capabilities, myself included whats the point?
Rant over.... :angry:
I actually had a nose round a Touareg R line while at the dealers over the weekend, hmmm very nice! :drool:
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I'm struggling to understand VW's thinking behind these ultra cheap lease deals. It surely can't be good business financially for VW and imo it's devaluing the R brand by opening it up to so many who would never in a month of Sundays be able to afford this type of car. Hell, you have guys trading in 1.2ltr Clios and VW Ups for the R. :angry: :angry:
The latest deal mentioned on the R forum was a 5-door DSG for £2k deposit and 23 x £175 (exc vat) inc metallic paint - that's just insane!!!!
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Clarkson seems to rate the new R. But as he hates Audis made no mention of the S3 which is mechanically identical. Have had ours since March and love it.. when not in the old 16v :-) -- well worth a look and I believe cheaper on a PCP...
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My take on it in as short a message as possible so as not to bore anyone:
MK6 R sold in very low numbers due to poor value hence high retained value.
VW considered not importing R at the time when a lot of us early adopters ordered.
7R GFV set high by VW and trade in general reflecting the low anticipated sales of halo model.
Lease companies saw a niche and filled it - then all hell broke loose thanks to hotukdeals threads (VERY popular website bringing the R to the general public who wouldn't generally have thought about this as a cheap car to run for a couple years) and general forum hysteria coupled with rave press reviews by journos who drive the thing flat out for half a day or whatever.
VW are being fairly sensible by limiting production enough and hence the long wait times which will help keep the car above the GFV figures which are gradually lowering.
However VW dealers are using their monthly allocation of GTI/D/R production to supply GTD's to company car drivers as they're cheaper to lease or PCP than a GT and R's as they're cheaper to lease or PCP than a GTI.
It's only really us existing cash buyers that will get stung by generally lower values. And we will either just keep our cars longer and VW won't give too much of a monkey's as we aren't paying VW finance anything, or we will jump ship to another marque who are also pricing aggressively such as BMW.
At the end of the day VWFS are leasing the R in reply to BMWs stunning deals on the M135i. It's a bit tit for tat and once these cars start getting stolen left right and centre which is what happened in the early 90's when hot hatches hit their prime sales the market on them will crash and the GTE and other such things will come of age…
Make hay while the sun shines people!!!! Things will settle down in a while and there will again be three distinct tiers of VW sporty Golfs and four when we look at the GTE which will take sales from GTDs.
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I'm thinking of making some rear window stickers, something like "This Golf is not a R but at least it's not leased" :smiley:
P.s I'm not saying this will happen but i remember when someone i knew was looking for a petrol mk5 Golf, i expected prices to be dirt cheap as near enough every non Gti/R Golf on the road was diesel.To my surprise it was opposite, they were more expensive than diesels as they were so few. Now i'm not saying Gti's could be be worth more than R's in the future but it could help the Gti's resididuals. Or even the opposite as nobody wants them.
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Just get your GTi remapped, I couldn't stomach losing £11k in just over a year to get an almost identical car.
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This is why forums are fantastic places. The opinions are what makes the choice of an R or Gti so personal. I'm looking to switch but to a GTI Pp or an R I don't know.
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Lot's of wise words here!
My decision is purely based on a financial point of view. I absolutely love the GTI, especially with the tuning box on it. However, if it is actually going to cost me less to have an R for the remaining of my term with the GTI (around 36 months) then it is a no brainer for me. Not particularly because I want an R over a GTI but simply because it will cost less money.
I was never given the option to purchase an R when I bought the GTI as it hadn't been launched, had the R been available at the price it is now Vs the GTI then there would have been no question.
Here is where I am now (or at least where I will be if I ordered an R for APR 15 delivery):
Total outstanding balance: £16220
Total paid so far: £11000
GFV: £11800
Early trade in: £18500 (estimate)
Payment per month: £220
J
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My take on it in as short a message as possible so as not to bore anyone:
MK6 R sold in very low numbers due to poor value hence high retained value.
VW considered not importing R at the time when a lot of us early adopters ordered.
7R GFV set high by VW and trade in general reflecting the low anticipated sales of halo model.
Lease companies saw a niche and filled it - then all hell broke loose thanks to hotukdeals threads (VERY popular website bringing the R to the general public who wouldn't generally have thought about this as a cheap car to run for a couple years) and general forum hysteria coupled with rave press reviews by journos who drive the thing flat out for half a day or whatever.
VW are being fairly sensible by limiting production enough and hence the long wait times which will help keep the car above the GFV figures which are gradually lowering.
However VW dealers are using their monthly allocation of GTI/D/R production to supply GTD's to company car drivers as they're cheaper to lease or PCP than a GT and R's as they're cheaper to lease or PCP than a GTI.
It's only really us existing cash buyers that will get stung by generally lower values. And we will either just keep our cars longer and VW won't give too much of a monkey's as we aren't paying VW finance anything, or we will jump ship to another marque who are also pricing aggressively such as BMW.
At the end of the day VWFS are leasing the R in reply to BMWs stunning deals on the M135i. It's a bit tit for tat and once these cars start getting stolen left right and centre which is what happened in the early 90's when hot hatches hit their prime sales the market on them will crash and the GTE and other such things will come of age…
Make hay while the sun shines people!!!! Things will settle down in a while and there will again be three distinct tiers of VW sporty Golfs and four when we look at the GTE which will take sales from GTDs.
I am not that excited by the R. It's a pretty awesome car but the excitement is really around 'Power' and this weird idea that more is better.
And i will be honest, I probably couldn't afford to run an R on a daily basis and truth be told, I don't need to. If the GTD is a 'compromise', then it's a compromise i am happy to make.
I am more excited by the GTE, as a car person, the tech in plug in hybrids and the chance in the future to reduce running costs excites me for me than the power race.
Yes, I do like the R, and I am slightly intrigued by the R Estate (it's as bonkers as VW gets surely).
As mentioned, what will tempt me out of my GTD is the GTE or something similar. Believe it not Plug in Hybrids actually offer their own version of driving fun.
I own my GTD outright - it's going to be with me for sometime unless I move over to a GTE but a s private buyer i can't see that being a good idea immediately. You will pay for the GTE tech and pay more for something in order to save money seems a bit back front to me.
The real reason the R exists is a 'halo' vehicle and so VW can compete with other manufacturers. I am glad the R exists but if i had the choice, I'd still take the GTI PP.
The only thing I really really really really like on the R, the one thing you can't get on GTI's or GTD's is the Lapiz Blue paint.
James
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I'm thinking of making some rear window stickers, something like "This Golf is not a R but at least it's not leased" :smiley:
Not really sure what you are getting at here. As surely the sensible driver is leasing?
The way I look at it is, I've paid car finance constantly since I was 17 and now 46.
As soon as the finance was paid up I was out looking at another car and started the process all over again.
The last few cars have been on a PCP so at the end of their terms I've never owned the car and started over again in another new car.
As for a lease, yes you don't own the car, but does this really matter if you change anyway every 2 or 3 years? Its a depreciating asset at the end of the day and makes sense not to keep hold of it.
As to the OP I done some figures the other day and the lease figures aren't that much better compared to PCP once you throw in the price over the GFV the garage offer as equity.
http://www.golfgtiforum.co.uk/index.php?topic=270775.msg2481390#msg2481390
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A new R verses a new GTI PP similar spec both with discount the R is just over 2k more expensive.Both great cars but come on what would you get honestly.
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A new R verses a new GTI PP similar spec both with discount the R is just over 2k more expensive.Both great cars but come on what would you get honestly.
Everyone seems to be stuck on this idea that the R is miles better than the GTI...I think you are forgetting the downsides of the R compared to the GTI. Higher running costs being a major one that affects us day to day and they do get much less MPG than the GTI. I know because i've driven both. The 4 motion is another attractive part of the R, do you need it though? No, the GTI's limited slip diff will do everything you ask of it and the 4 wheel drive system adds a lot of weight to the car which actually becomes a hinderance once you're off the line.
As Top Gear said themselves, the GTI proves that 230BHP is enough for UK roads and if it isn't then get it remapped to 300BHP, that should keep you happy for a good while. But as I've said before it's not all about power, it's about drivability too.
Both are great cars and i'm not saying I wouldn't buy an R one day, because I would certainly consider it. But would I feel the need to jump from a great car to another great car in such a short space of time and throw away my huge deposit? GTI7ME you would be throwing away tons of money and for what? The GTI is a great and capable car, I would stick with it unless you have more money than you know what to do with!
Chopping in your GTI now and that 11K will be gone in a year! That's almost a grand a month wasted. The car would basically pay off the outstanding balance and you'd be starting from scratch.
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I must admit that's a fair point,if I already had a mk7 GTI there is no way that I would swap it for an R.My circumstances are that I have a mk6 GTI that is fully paid for.I put a deposit down for an R only yesterday.When I bought the mk6 some 4 years ago it cost me 30k.I have managed to get 12% discount on the R so it comes in under 30k.I know the GTI would be all the car I would practically ever need but if you told me 4 years ago that my next car would be the new R and that I would be paying less than I had just paid for the mk6,I just wouldn't have believed you.
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MrSavage: is it really £11k lost though? Was nigh on half of the OPs £8k deposit actually discount (I suspect so as you can't PCP less than 70% of RRP, and i'd have expected him to have gotten some discount on the GTI) ? If so it's not money lost. On my proposed figures he'd "only" be about £8k down after 18 months, which is pretty much as expected for changing at 18 months. It's a lot of money, but so's depreciation on any £25-30k. If GFVs don't soften, he'll make a fair bit of that back in considerably better residuals which will pay for the extra fuelling costs many times over. The actual fuelling costs of R will most likely be about £45 a month, noticeable, but not exactly a fortune. If he's wanting to jump on the lease list then perhaps better to do it sooner rather than later.
On the other hand, it seems that the PP is a great enhancement to the GTI, the OP is already in a great car, he'd only suffer an extra £4k depreciation keeping it for 3 years. It definitely makes more sense to lease than PCP (i'm buying mine and skipping PCP interest, it's just about worth buying over leasing on those terms) an R that isn't packed with extras. I do think the OP has far less to gain in the upgrade than the likes of myself with a slippery Bridgestone shod GTD with a real want for more grip, more power and not caring so much my mpg is going to get hammered. If I had a PP already, it'd be a tougher decision for sure.
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Here is my 2 cents...
I traded my GTI PP in for an R DSG after only 12 months. I'm on PCP not PCH (lease).
The R is amazing...and I have no regrets. The running costs may be higher but let's face it, you don't buy an R (or a GTI) if you are concerned about MPG!
R or a GTI is all about personal choice. I bought an R because the trade in value of my GTI was great, the discount on the R was great, the additional per month cost was acceptable and because I got a cancellation with the spec I wanted I only waited a month.
So, my advice is if you can afford it then do it...if you can't then don't.
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Here is my 2 cents...
I traded my GTI PP in for an R DSG after only 12 months. I'm on PCP not PCH (lease).
The R is amazing...and I have no regrets. The running costs may be higher but let's face it, you don't buy an R (or a GTI) if you are concerned about MPG!
R or a GTI is all about personal choice. I bought an R because the trade in value of my GTI was great, the discount on the R was great, the additional per month cost was acceptable and because I got a cancellation with the spec I wanted I only waited a month.
This is spot on and exactly the same as my deal and why im swapping..
So, my advice is if you can afford it then do it...if you can't then don't.
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Here is my 2 cents...
I traded my GTI PP in for an R DSG after only 12 months. I'm on PCP not PCH (lease).
The R is amazing...and I have no regrets. The running costs may be higher but let's face it, you don't buy an R (or a GTI) if you are concerned about MPG!
R or a GTI is all about personal choice. I bought an R because the trade in value of my GTI was great, the discount on the R was great, the additional per month cost was acceptable and because I got a cancellation with the spec I wanted I only waited a month.
So, my advice is if you can afford it then do it...if you can't then don't.
Just because you don't buy an R or a GTI for the MPG doesn't mean that is isn't a factor. The great thing about the GTI is how it's an all rounded car with affordable running costs. Because trust me if I was in a car doing an average of 9 MPG I would feel it. So I disagree that you don't buy the car for its MPG. Because it's that fine balance of affordable fuel costs with great performance that makes the car appealing in the first place.
The R is amazing I agree, but so is the GTI and I honestly don't see the huge cash loss of jumping into an R from the GTI as worth it.
I agree Monkeyhanger, the amount of money lost is what you would expect for changing the car after such a short period of time. But let's face it Volkwagen will be rubbing their hands together and loving that people that are paying £8,000 and then £200-300 a month for a year (so VW are £11,000 up) to then be handed the car back with only 10,000 miles on the clock so they can sell it for £25,000 and make £36,000 and then get another deposit off you to start the whole cycle off again!
Then where does it stop, the R400 will be released and people will be doing the same thing again jumping from the R to the R400. It's up to people what they do with their own money of course, but we all know theres only one winner and £11,000 for 1 years worth of motoring seems very harsh! I don't think its a coincidence that the R leasing deals are so cheap, it's making VW very fast cash with people chopping in so quickly and losing huge chunks of money.
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9 MPG!!! You having a giraffe??!
In the GTI PP with my lead foot I was averaging about 30 MPG. In the R with a heavier lead foot and after 2 weeks it's 27 MPG.
My point about the MPG is that you don't buy an performance car and then worry about the MPG.
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9 MPG!!! You having a giraffe??!
In the GTI PP with my lead foot I was averaging about 30 MPG. In the R with a heavier lead foot and after 2 weeks it's 27 MPG.
My point about the MPG is that you don't buy an performance car and then worry about the MPG.
If you read what I said I never said anything about the R getting 9 MPG. I was referring to your comment that you don't buy the car to worry about the MPG. I agree that MPG isn't your priority but it is obviously still a concern because you're basically saying that if the car was doing single figure MPG it still wouldn't concern you. Which I know it would and so thus MPG is a factor.
If running costs weren't a concern i'd have bought a used Nissan GTR for 30k...
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Nissan GTR on PCH now there's a thought.
Seriously though...not to go off thread. I only raised the point about mpg because I don't see any 'major' differences between the R and the GTI and definitely that enough of a difference for people not to swap. I do agree though 9 mpg would be an issue.
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Nissan GTR on PCH now there's a thought.
Seriously though...not to go off thread. I only raised the point about mpg because I don't see any 'major' differences between the R and the GTI and definitely that enough of a difference for people not to swap. I do agree though 9 mpg would be an issue.
There is no major difference but there still is a difference and it's not the only difference between the two cars but it's still something to consider when moving across to the R because as Monkeyhanger has said you would be looking at a noticeable increase in monthly fuel costs.
I was in the same shoes as most of the people on this forum and tried to reason in my own mind that it was a good idea for me to move from my GTI PP to an R and after realising that I would be losing a small fortune in the process of doing so (my original deposit being the biggest chunk) I came to the realisation that it was a bit of a crazy idea. You always lose money on cars, but there comes a point where it gets too much.
So to put my sensible head on, I decided to stick with my GTI because it is an awesome car and does everything I need it to do so why would I get greedy and upgrade to the R at such a heavy cost? I and GTI7ME would lose our original deposit, then probably have to throw more money in towards the deposit of the R AND have an increase in our future monthly payments. On the PCP contract that is. VW would see me coming from a mile off.
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Whatever you change from in less than 18 months, the dealership will catch you with your pants down. Year 1 will lose you half as much money as the whole 3 year loss, if not more. Diluting the initial hit into 2 or 3 years usually makes it more paletable. On the other hand, if you can end up with an R that's going to cost you £100+ a month less, that's offsetting your heavy depreciation by at least £2400 making the loss not so huge after all. I'm going to be net £4300 down on my GTD having run it for 18 months when I change to an R - i'll have lost £239 a month net on it to move into an R, i'd consider that a bargain on a £26k car. I'm getting a level of discount also that was nowhere near achievable when I ordered my GTD.
Depreciation is always going to be by far your biggest monthly cost. In Moggy's case of going from 30mpg in the GTI to 27mpg in the R, and assuming he's filling with 98/99 (as he should) at 5p a litre more than 95, he's down about £24 a month on fuel, which is nowt in the grand scale of things, considering the extra ps and 4WD. Those extra costs over 18 months would just about buy him a tuning box for his GTI PP (assuming the box wouldn't make his GTI any thirstier, nor increase his insurance premium).
Taking everything into consideration on the change (and considering that maybe a large chunk of the OPs "deposit" might simply be discount achieved rather than money lost), it's not as expensive as it first appears. If you loaded up on the options, it will hurt more to lose their value so early.
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No matter which way you cut it, it doesn't make good financial sense to swap so soon. The other factor to take into account is your effectively taking a fairly substantial double hit on depreciation as soon as you drive that R off the forecourt. As good as the R is Id probably get bored after 18 months but would have to keep it at least 3 years not to lose a huge chunk of money.
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Jimble's comments made a lot of sense. I'm not sure that an .:R would feel all that different if you had just stepped from a GTI. Yes it's faster, but when will you be able to use that extra performance on the road?
My situation is somewhat different as I can't be doing with all this money borrowing, but I'd like to change my 6 GT manual to a 6 GTD DSG. Having had the GT for nearly 4 years, I'm sure that the GTD wouldn't have that new car feeling for very long, so I'm looking at alternative cars.
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Jimble's comments made a lot of sense. I'm not sure that an .:R would feel all that different if you had just stepped from a GTI. Yes it's faster, but when will you be able to use that extra performance on the road?
My situation is somewhat different as I can't be doing with all this money borrowing, but I'd like to change my 6 GT manual to a 6 GTD DSG. Having had the GT for nearly 4 years, I'm sure that the GTD wouldn't have that new car feeling for very long, so I'm looking at alternative cars.
I'm with you on the whole borrowing money situ.
Surely there's little sense in going into another mk6. A used mk7 GTD DSG? With all these being chopped in for Rs there'll be plenty around.
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Really interesting thread. My two penneths worth:
If you're going to lose an obscene amount of money then don't change. I ordered an R (subsequently cancelled as I've found one to buy which I pick up this week :drool:) - but I only put £1,000 down on my GTI last year so I'm happy to lose that, and I've only put £1,000 down on the R. I could be paying less every month by leasing, but then it wouldn't be my car.
Do I think the R will be a massive step up from the GTI? No. The GTI is a brilliant car, I love mine. But I've always wanted an R (R32 etc) with DSG, so that's what I'm getting. Would I be getting one if I'd lost 8 grand - not a chance! But there's deals to be had in other ways (I got 12% off) if you're willing to drive a hard bargain and find a dealer that actually wants a sale - I spent a serious amount of time negotiating with multiple dealers around the country - then you can find a deal that suits you. Some dealers wouldn't budge at all and wanted full price - that of course is their perogative, but short sighted in my opinion - yes there's delays in build, but its not a Ferrari.
However you look at it cars are a waste of money. You're always going to lose out. Me personally, I don't care - I want what I want, and you're only on this planet once so you might as well strive to get what makes you happy (within reason ie. not crippling yourself :grin:) - I love cars, I love Golfs, and therefore I'm happy to lose money on them - otherwise I'd be driving a Pug or something similar that cost me not a lot to run.
The smile on my face I'll have when I get to put the hammer down in my R will outweigh anything else IMO :smiley: But I wouldn't be smiling if I'd lost a sh!t load of money!
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I've only put £1,000 down on the R. I could be paying less every month by leasing, but then it wouldn't be my car.
Some might say there's not much difference.
Me personally, I don't care - I want what I want, and you're only on this planet once so you might as well strive to get what makes you happy
As Freddy Mercury once sang, "I want it all, I want it all, I want it all and I want it now"
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As Freddy Mercury once sang, "I want it all, I want it all, I want it all and I want it now"
:grin: Yup, that about sums it up :smiley:
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When you collecting Mark and what did you end up getting? Very exciting!!!
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When you collecting Mark and what did you end up getting? Very exciting!!!
Hopefully Wednesday (latest Friday) - Lapiz Blue 5 dr, DSG, DNS Pro & carbon nappa leather - am super excited :grin: :laugh:
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However you look at it cars are a waste of money. You're always going to lose out.
Indeed and that's why I think leasing will be the way forward. It seems crazy to buy something that is constantly depreciating when you can lease for less money
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When you collecting Mark and what did you end up getting? Very exciting!!!
Hopefully Wednesday (latest Friday) - Lapiz Blue 5 dr, DSG, DNS Pro & carbon nappa leather - am super excited :grin: :laugh:
Great spec. It's pretty much what I would go for perhaps minus the two doors but definitely DSG for some launch controls :evil: :evil:
Enjoy!! Looking forward to seeing plenty of picks pal and hearing your thoughts versus GTI
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When you collecting Mark and what did you end up getting? Very exciting!!!
Hopefully Wednesday (latest Friday) - Lapiz Blue 5 dr, DSG, DNS Pro & carbon nappa leather - am super excited :grin: :laugh:
Great spec. It's pretty much what I would go for perhaps minus the two doors but definitely DSG for some launch controls :evil: :evil:
Enjoy!! Looking forward to seeing plenty of picks pal and hearing your thoughts versus GTI
Cheers mate! Yes, if it was just me on my own then 3 doors it would be, but it had to be 5 at the "request" of the missus :grin: Actually can't wait to try out the launch control :evil:
Will defo get some pics up once its been detailed and also do a comparison!
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I'm thinking of making some rear window stickers, something like "This Golf is not a R but at least it's not leased" :smiley:
Not really sure what you are getting at here. As surely the sensible driver is leasing?
The way I look at it is, I've paid car finance constantly since I was 17 and now 46.
As soon as the finance was paid up I was out looking at another car and started the process all over again.
The last few cars have been on a PCP so at the end of their terms I've never owned the car and started over again in another new car.
As for a lease, yes you don't own the car, but does this really matter if you change anyway every 2 or 3 years? Its a depreciating asset at the end of the day and makes sense not to keep hold of it.
As to the OP I done some figures the other day and the lease figures aren't that much better compared to PCP once you throw in the price over the GFV the garage offer as equity.
http://www.golfgtiforum.co.uk/index.php?topic=270775.msg2481390#msg2481390
It's just a bit of a joke, but while you're on the subject none of it is sensible, you lose money and that's it, just enjoy them. To me leasing is not sensible as I only buy what I can afford but everyone is different. Yes I lose money just the same or even more but it's mine to lose.
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Here is my 2 cents...
I traded my GTI PP in for an R DSG after only 12 months. I'm on PCP not PCH (lease).
The R is amazing...and I have no regrets. The running costs may be higher but let's face it, you don't buy an R (or a GTI) if you are concerned about MPG!
R or a GTI is all about personal choice. I bought an R because the trade in value of my GTI was great, the discount on the R was great, the additional per month cost was acceptable and because I got a cancellation with the spec I wanted I only waited a month.
This is my situation also I have ordered 1 for march when my GTI is 1yr. With discount etc it worked well for me..so I did it.
This is pretty much my situation. I have ordered a R for march when my GTI is 1yr and with the discount etc it worked well for me...so I did it..
So, my advice is if you can afford it then do it...if you can't then don't.
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Quote does not seem to be working..any way my situation is pretty much as above as I ordered a R for march when my GTI is 1 yr. With discount etc it worked for me so I went ahead.