GolfGTIforum.co.uk
Model specific boards => Golf mk7 => Topic started by: Mark V GTD on 19 March 2015, 17:35
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Just came across this: 120 quid a month plus VAT... buying seems to be a bit of a mugs game these days :-(
http://www.centralukvehicleleasing.co.uk/vehicle/detail/57649/VOLKSWAGEN-GOLF-DIESEL-HATCHBACK.html
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If you choose anything other than 2yrs, 5k and non-maintained it shoots up through the roof.
2 years and 5k pa is 300+ VAT!
Might be ok for the VERY casual driver, but as discussed here recently, if you don't do a lot of miles, leave the GTD alone!
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Just came across this: 120 quid a month plus VAT... buying seems to be a bit of a mugs game these days :-(
http://www.centralukvehicleleasing.co.uk/vehicle/detail/57649/VOLKSWAGEN-GOLF-DIESEL-HATCHBACK.html
That headline £120 a month grabs your attention, but in reality it is going to cost you an average £245 a month over the term (which is still one hell of a deal) or £275 a month when you bump it up to a reasonable 10k miles pa (assuming 7.2ppm over-mileage cost), including the deposit, the fee and VAT.
There were R deals a little cheaper than the £275 a month all in on 10k miles pa.
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Thanks for the reality check guys - its just that when you are paying 350.00 a month this seem ludicrously cheap (on top of the 2k deposit I paid. I know - its not DSG and has no options......
feel better now....
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It is still a cracking deal ... and very hard to beat.
My wife's fairly basic Astra 1.4 (bought for around £14500 on 0% finance) has lost nearly £6k in depreciation in just over two years.
This GTD deal comes in at £5891.77 (inc. VAT and the doc fees) over the full two years. Keep it basic spec though :wink:
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.... if you don't do a lot of miles, leave the GTD alone!
Why would this really matter on a cheap lease though ?
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If you choose anything other than 2yrs, 5k and non-maintained it shoots up through the roof.
2 years and 5k pa is 300+ VAT!
Might be ok for the VERY casual driver, but as discussed here recently, if you don't do a lot of miles, leave the GTD alone!
Would you stay away from the GTD if you are doing 8k a year if that?
Cheers
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No you'd be better off just paying the excess mileage (at 7.2ppm) with the 5k lease rather than upping the lease mileage to 10K.
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A mate ordered a red gtd with this company the other day and that deal. Very good people to deal with. 20 week wait apparently. He has got over 400 on order at the minute!
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No you'd be better off just paying the excess mileage (at 7.2ppm) with the 5k lease rather than upping the lease mileage to 10K.
Yep its cheaper to pay that excess at the end rather than adding extra miles onto the contract.
Does seem like an excellent deal and surprised it's lasted so long at that price as usually the best lease offers are short lived.
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If you choose anything other than 2yrs, 5k and non-maintained it shoots up through the roof.
2 years and 5k pa is 300+ VAT!
Might be ok for the VERY casual driver, but as discussed here recently, if you don't do a lot of miles, leave the GTD alone!
Would you stay away from the GTD if you are doing 8k a year if that?
Yes, unless its a company car, in which case it probably still makes sense.
If its a private vehicle, just go with the GTI.
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Why? The gtd is cheaper to buy than the gti and cheaper to run so it makes financial sense for a private buyer surely?
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Why? The gtd is cheaper to buy than the gti and cheaper to run so it makes financial sense for a private buyer surely?
In the last few weeks the GFV gaps have closed right up, the GTD's "advantage" has almost completely been eaten up by the £750 deposit contribution offered on the GTI, the GTI ends up about £2.50 a month more on PCP than the GTD now. All that's left in the GTDs favour now is taxation and fuel savings.
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Its still cheaper though for a private buyer regardless.
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Mcmaddy is right - although the gap has closed (largely as MH points out due to the 750 quid VWFS deposit contribution) it is still cheaper. I get 500 miles from a tank of fuel and the tax is 30 quid a year. And i would suggest a GTD, like for like against a GTI it would have a bit more equity in it two or three years down the line.
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If the reason you’d buy a GTD over a GTI comes down to savings then I suppose there has to be a threshold at which you’d get the GTI (some do and always will prefer the delivery of the diesel’s power and torque). At £110 a month cheaper all in, I would (and did) pick a GTD over a GTI.
At 10k miles PA, using current prices for fuel (RON95 = 110p/L, Diesel = 117p/L), and assuming both cars do 70% of their official combined figures, the GTI only costs £32 a month more to fuel, add in an extra tenner a month in car tax, and the cost of getting a GTI over a GTD on PCP (accounting for that £2.5 PM PCP difference) and it’ll cost you £45 a month more to run a GTI now. Right now I personally wouldn’t take a private PCP funded GTD over a GTI to save £45 a month. I’d expect the same equity on both cars at p/x now the GTD’s GFV has been adjusted down and there are far more of them on the road than GTIs. I don’t know the ratio of GTDs to GTIs on the road (and this forum probably isn’t a fair indicator either – I’d expect far more GTI owners as a % to be forum enthusiasts than GTD owners), but for what I see locally, I’d say it’s about 8:1 around Tyneside.
Have VW manipulated the GFVs recently purely to give GTI sales a shot in the arm as the R would seem to have been cannibalising the GTI’s would-be sales recently?
I'm getting so sick of waiting for my R, i'm on the edge of cancelling it, getting some decent rubber on it (my Bridgestones are barely legal now) and another DTUK box. if it slips again beyond BW17 (I was expecting BW16 confirmation of Friday just gone) I might just flip a coin - heads I keep the GTD.
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I've canned the idea of a 3 series Matt. Keeping the gtd for now if the front suspension creaking can be sorted tomorrow.
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I've canned the idea of a 3 series Matt. Keeping the gtd for now if the front suspension creaking can be sorted tomorrow.
Did you take a test drive Chris?
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Have VW manipulated the GFVs recently purely to give GTI sales a shot in the arm as the R would seem to have been cannibalising the GTI’s would-be sales recently?
Yes, if you look at the www.centralukvehicleleasing.co.uk GTI special offers.
I asked for a higher mileage quote, and got £260 + VAT for 12,000. No mega compared to the best GTD deals, but getting there.
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Leasing is bonkers - not a VW (so I hardly dare mention it) but 35 quid a month (plus VAT) for a Citroen C1 !!! :shocked:
I have rented them for that much for a day!
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Cracking price for a toureg http://www.centralukvehicleleasing.co.uk/vehicle/choose_your_lease/66059/volkswagen/touareg/30_v6_tdi_bluemotion_tech_262_r_line_5dr_tip_auto.html
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Thats fantastic for a 48 grand car! Its most likely leasing for me next time I think. It prevents the 'itchy feet' feeling as you are tied in to a contract and gets rid of all the concerns about equity too - there wont be any! I guess the secret is to get a cheap deal and put away 100 quid a month to go towards the advance rental of the next one in two years time....
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and the skoda vrs :smiley:
http://www.centralukvehicleleasing.co.uk/vehicle/detail/60077/skoda/octavia_diesel_estate.html
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Some cracking lease prices there.
What happens if you go over the mileage ? The mileage penalty ?
Thinking about swapping my Wifes UP! for the Toureg :)
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Anything from 5ppm to 7.5ppm or maybe slightly more.
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For the Toureg deal its 9p per mile (plus VAT)
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For the Toureg deal its 9p per mile (plus VAT)
The Touareg deal is for 5,000 per year, so even if you do 10,000 miles over that, the penalty is only £1080 with the VAT.
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I am very seriously tempted by the Toureg deal - its a 48k car with very high spec (leather, sat-nav, panaromaic roof, keyless, xenons, heated steering wheel, climatronic etc etc) for nearly 60 quid a month less than I'm paying for the Golf!
Wait time is 16 to 20 weeks so would be a September (65 plate) car.
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The Toureg looks a potential great deal. What would be the total price to lease it over 2 years on 10k miles per annum if you include the added penalty charges out of interest?
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What would be the total price to lease it over 2 years on 10k miles per annum if you include the added penalty charges out of interest?
My maths work it out to be,
10k mpa inc maintenance, £23,695.58 inc VAT
5k mpa, £10205.76 inc VAT and additional 5000 mile penalty charge, although you'll also need to pay for at least one servce as there is no option to include it on the 5k mpa deal.
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Silly question - why would they structure it so that a lower tier mileage bracket would work out cheaper than buying the next one up?
Or is it just a funny because of the massively discounted 5k deal?
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My maths work it out to be,
10k mpa inc maintenance, £23,695.58 inc VAT
Its an extra 1,080 - you answered it earlier!