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Model specific boards => Golf mk7 => Topic started by: Cossieian on 09 June 2015, 22:02
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Anyone know of any good deals ATM on GTDs, got a quote back from VW yesterday that I wasn't impressed with, it was:
3 Door GTD
DSG with no other options
10k miles pa
£3k deposit from me
£330pcm over 48 months
First of all I wasn't keen on a £3k deposit nor over 48 months, but he said anything less would obviously increase monthly payments.
PS what's the benefits with doing PCP over leasing, I'm new to all this as I've always just bought my cars outright so bare with me lol, I'd prefer going through VW if possible
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I ordered 15 weeks ago and got the following:
Deposit £2500 + 35x £285 for 8000 miles per annum & servicing & maintenance, It would have been £271 without it.
This was with Inch Stirling, no other dealers in Scotland could get near this price.
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Hi,
Try carwow, spec your car then vw dealers email best price, I tried it up to £4800 off a GTI if you have vw finance :smiley:
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The 3 door was working out a lot more expensive per month.
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Anyone know of any good deals ATM on GTDs, got a quote back from VW yesterday that I wasn't impressed with, it was:
3 Door GTD
DSG with no other options
10k miles pa
£3k deposit from me
£330pcm over 48 months
First of all I wasn't keen on a £3k deposit nor over 48 months, but he said anything less would obviously increase monthly payments.
PS what's the benefits with doing PCP over leasing, I'm new to all this as I've always just bought my cars outright so bare with me lol, I'd prefer going through VW if possible
With PCP, you have lower monthly payments but after 4 years you would've paid half the price of the car and you would need to forge the remainder to be able to keep it or just hand it back to them without anything else to pay. Any equity you might gain can be used towards a deposit for a new car (basically you can change your car every 4 years). The problem is that you don't own the car, VW finance owns the car, you will only be the registered keeper.
With leasing, your monthly payments are higher and after 4 years you would pay the entire price of the car and you keep it without anything else to pay.
As somebody suggested earlier, try carwow or drive the deal for cheaper offers.
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Anyone know of any good deals ATM on GTDs, got a quote back from VW yesterday that I wasn't impressed with, it was:
3 Door GTD
DSG with no other options
10k miles pa
£3k deposit from me
£330pcm over 48 months
First of all I wasn't keen on a £3k deposit nor over 48 months, but he said anything less would obviously increase monthly payments.
PS what's the benefits with doing PCP over leasing, I'm new to all this as I've always just bought my cars outright so bare with me lol, I'd prefer going through VW if possible
With PCP, you have lower monthly payments but after 4 years you would've paid half the price of the car and you would need to forge the remainder to be able to keep it or just hand it back to them without anything else to pay. Any equity you might gain can be used towards a deposit for a new car (basically you can change your car every 4 years). The problem is that you don't own the car, VW finance owns the car, you will only be the registered keeper.
With leasing, your monthly payments are higher and after 4 years you would pay the entire price of the car and you keep it without anything else to pay.
As somebody suggested earlier, try carwow or drive the deal for cheaper offers.
You are getting confused with Hire Purchase. When you lease you don't own the car or are you the registered keeper. There is also no option of purchasing the car at the end of the lease.
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If you're doing a PCP, you don't need 10k miles pa. Put it at 6k (the lowest), which will reduce your monthly payments. It makes no odds that you'll go over when you come to change cars. If you do a straight up lease you will get charged, but on a PCP it makes no odds.
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Matchboy - well in principal yes I agree - selecting the lowest mileage on PCP will lower the monthlies - but to be fair it will have ramifications when trading in as your settlement figure will be higher due to the lower payments made (so less equity). Also if you are struggling for equity (small purchase discount and/or went mad with the options) you will not be able to hand the car back without penalty if you have gone over the mileage limit.
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Anyone know of any good deals ATM on GTDs, got a quote back from VW yesterday that I wasn't impressed with, it was:
3 Door GTD
DSG with no other options
10k miles pa
£3k deposit from me
£330pcm over 48 months
He's gave you £50 off a month compared to the VW.co.uk calculator which comes in at £381 a month.
If you go to drivethedeal.com you can get the same car for a discounted price of £24,846 so if you add that discount plus your deposit to the calculator on vw.co.uk you can get the above car for £298 or over 36 months its £323
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Thanks for the replies guys, was in with the dealer today and I just don't think PCP is for me, he offered a 3 year personal contract hire for the following prices, based on 12k miles per year, how does it look to you's?
3+35 agreement (36 months)
GTD DSG 3dr £382
GTD Manual 3dr £355
GTD Manual 5dr £320
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Thanks for the replies guys, was in with the dealer today and I just don't think PCP is for me, he offered a 3 year personal contract hire for the following prices, based on 12k miles per year, how does it look to you's?
3+35 agreement (36 months)
GTD DSG 3dr £382
GTD Manual 3dr £355
GTD Manual 5dr £320
Why is a PCP not for you but a lease / hire is? Just curious.
Remember with a lease / hire you are tied in to that period of time. With a PCP you can trade in at any time and start again.
I don't think people really understand a PCP.
You have 3 options come the end of it:
Hand it back and walk away and if you are under the miles agreed you don't pay anything.
Buy the car outright. This will be the Guaranteed Final Value figure.
Trade it in and start again. You don't need to wait until your term is up to do this and you can trade it in against any other marque. you aren't tied to VW.
Plus for those saying its not really your car. Fair enough I get that point but in my 30 years of driving, when my car had been paid off I always traded it in and started again. So for me a PCP is no different in that way.
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Thanks for the replies guys, was in with the dealer today and I just don't think PCP is for me, he offered a 3 year personal contract hire for the following prices, based on 12k miles per year, how does it look to you's?
3+35 agreement (36 months)
GTD DSG 3dr £382
GTD Manual 3dr £355
GTD Manual 5dr £320
Still at it mate, just did a quick calculation on the Manual 5dr. Its 4p a mile excess which if you take 8000 miles a year and manage to do exactly 36000 over the term it would cost you £480 in excess mileage.
With the same spec and deposit as i have it would be costing you £51 a month extra wheras it would cost you £13.71 a month excess.
You didnt tell us what you deposit and spec are and remember there has been a price increase recently as well.
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Thanks for the replies guys, was in with the dealer today and I just don't think PCP is for me, he offered a 3 year personal contract hire for the following prices, based on 12k miles per year, how does it look to you's?
3+35 agreement (36 months)
GTD DSG 3dr £382
GTD Manual 3dr £355
GTD Manual 5dr £320
Why is a PCP not for you but a lease / hire is? Just curious.
Remember with a lease / hire you are tied in to that period of time. With a PCP you can trade in at any time and start again.
I don't think people really understand a PCP.
You have 3 options come the end of it:
Hand it back and walk away and if you are under the miles agreed you don't pay anything.
Buy the car outright. This will be the Guaranteed Final Value figure.
Trade it in and start again. You don't need to wait until your term is up to do this and you can trade it in against any other marque. you aren't tied to VW.
Plus for those saying its not really your car. Fair enough I get that point but in my 30 years of driving, when my car had been paid off I always traded it in and started again. So for me a PCP is no different in that way.
You hit the nail on the head mate, I maybe just don't know exactly what PCP is, or maybe the dealer didn't explain it in enough detail for my simple brain lol.
Basically the way he explained it to me was if I was to go over the milage allowance (which I 90% chance will) he couldn't guarantee me that there would be no fine (fee) to pay at the end of the contract, he said he couldn't guarantee the value if I went over the miles, but I thought that's what GFV was?? Tbh I just didn't get a good vibe about it, he wasn't selling it as a good thing to do if you know what I mean, all I want is minimal deposit and minimum payments like everyone ha ha ha
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Leashire was best for low deposit and low monthly payments for me. I did a 4yr deal, but can give the car back after half the term is up. Also u don't pay any interest as its all lumped on the balloon payment at the end should you choose to buy.
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Leashire was best for low deposit and low monthly payments for me. I did a 4yr deal, but can give the car back after half the term is up. Also u don't pay any interest as its all lumped on the balloon payment at the end should you choose to buy.
Who was yours with mate if you don't mind me asking?
There's just so many lease companies, none of them reply to my enquiries either, that's why I'd rather deal with VW to be honest
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My current Personal Lease on a GTD finishes in December so I've just signed up for a 3 door Pure White R on a 24 month deal, £1600 up front and £257 per month, limited to 5,000 miles per year but not massive penalties if I go over that amount.
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My current Personal Lease on a GTD finishes in December so I've just signed up for a 3 door Pure White R on a 24 month deal, £1600 up front and £257 per month, limited to 5,000 miles per year but not massive penalties if I go over that amount.
Who with mate?
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You hit the nail on the head mate, I maybe just don't know exactly what PCP is, or maybe the dealer didn't explain it in enough detail for my simple brain lol.
Basically the way he explained it to me was if I was to go over the milage allowance (which I 90% chance will) he couldn't guarantee me that there would be no fine (fee) to pay at the end of the contract, he said he couldn't guarantee the value if I went over the miles, but I thought that's what GFV was?? Tbh I just didn't get a good vibe about it, he wasn't selling it as a good thing to do if you know what I mean, all I want is minimal deposit and minimum payments like everyone ha ha ha
https://www.vwfinance.co.uk/content/sites/vwbank/vwfinancecouk/en/privatecustomers/how_agreements_work/solutions_pcp.html
Sounds like he hasn't sold it properly.
The ONLY way you will pay a fine if you go over your mileage is if you hand back the car at the end of term and walk away.
So if you tell them you will only do 12,000 miles a year but do 15,000 then you pay the difference 9,000 (in total) x 6p = £540
If you trade the car in you WON'T pay any fee if you are over the mileage. However if your GFV was say £15,000 for 12,000 miles a year and you have done 15,000 miles a year, so in effect you would be 9,000 over the agreed mileage then the GFV might be lowered as obviously a higher mileage cars price would be worth less than a lower mileage car (book price). So although you won't pay a fee you might not get as much in trade in value as you thought but that could easily be negotiated.
If at the end of your PCP you fancy a BMW its exactly like any other car trade in. They offer you a price and you'll need the GFV in this instance £15,000 to pay off the Golf finance. So if they offer you more you will have a deposit for the new BMW.
The PCP is designed so there is a small amount of equity at the end of its term so you will trade it in and start again.
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You hit the nail on the head mate, I maybe just don't know exactly what PCP is, or maybe the dealer didn't explain it in enough detail for my simple brain lol.
Basically the way he explained it to me was if I was to go over the milage allowance (which I 90% chance will) he couldn't guarantee me that there would be no fine (fee) to pay at the end of the contract, he said he couldn't guarantee the value if I went over the miles, but I thought that's what GFV was?? Tbh I just didn't get a good vibe about it, he wasn't selling it as a good thing to do if you know what I mean, all I want is minimal deposit and minimum payments like everyone ha ha ha
[/quote
https://www.vwfinance.co.uk/content/sites/vwbank/vwfinancecouk/en/privatecustomers/how_agreements_work/solutions_pcp.html
Sounds like he hasn't sold it properly.
The ONLY way you will pay a fine if you go over your mileage is if you hand back the car at the end of term and walk away.
So if you tell them you will only do 12,000 miles a year but do 15,000 then you pay the difference 9,000 (in total) x 6p = £540
If you trade the car in you WON'T pay any fee if you are over the mileage. However if your GFV was say £15,000 for 12,000 miles a year and you have done 15,000 miles a year, so in effect you would be 9,000 over the agreed mileage then the GFV might be lowered as obviously a higher mileage cars price would be worth less than a lower mileage car (book price). So although you won't pay a fee you might not get as much in trade in value as you thought but that could easily be negotiated.
If at the end of your PCP you fancy a BMW its exactly like any other car trade in. They offer you a price and you'll need the GFV in this instance £15,000 to pay off the Golf finance. So if they offer you more you will have a deposit for the new BMW.
The PCP is designed so there is a small amount of equity at the end of its term so you will trade it in and start again.
My wife and I just feared that come the end of our term we will have another deposit to pay for the next car ie £1k or £3k whatever it may be, and I like to change every 2 years, so laying out that much deposit every couple of years was a bit off putting, again the salesman says I might have equity for our next car and we may not, you can't predict the future (his words), and that put me off also, it was all just a bit well you take the chance and see what happens kinda thing.
It's all getting a bit head bending :laugh:
https://www.vwfinance.co.uk/content/sites/vwbank/vwfinancecouk/en/privatecustomers/how_agreements_work/solutions_pcp.html
Sounds like he hasn't sold it properly.
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Thanks for that mate you have explained it really well there, thanks for taking the time to explain that for me I really appreciate it
My wife and I just feared that come the end of our term we will have another deposit to pay for the next car ie £1k or £3k whatever it may be, and I like to change every 2 years, so laying out that much deposit every couple of years was a bit off putting, again the salesman says I might have equity for our next car and we may not, you can't predict the future (his words), and that put me off also, it was all just a bit well you take the chance and see what happens kinda thing.
It's all getting a bit head bending
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Is it not better just to keep the car you have until the end of your agreement rather than exchange for the exact same model. This would probably be the cheapest option at the end of the day.
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My current Personal Lease on a GTD finishes in December so I've just signed up for a 3 door Pure White R on a 24 month deal, £1600 up front and £257 per month, limited to 5,000 miles per year but not massive penalties if I go over that amount.
Who with mate?
www.carleasing-online.co.uk I've been dealing with a guy called Chris Dunseath who has quoted me a delivery of the end of November.
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Yeah it can all be a bit head bending. :grin:
How is your car currently financed?
I can't see how you will fail to pay at least £1k deposit if you are changing your car every 2 years!
It may well be beneficial for you if you work out the full cost of ownership over 2 years for each method as this will tell you exactly how dear / cheap the deals are. You might very well be paying a low deposit but higher monthlys or more over the term.
My last 2 PCP's gave me about £1k equity to put down for my next car.
One other thing about leasing which maybe someone that leases can clarify, I read if you aren't the registered keeper which I'm not sure you are on a lease then a lot of insurance companies won't insure you so possibly paying more that way.
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Yeah it can all be a bit head bending. :grin:
How is your car currently financed?
I can't see how you will fail to pay at least £1k deposit if you are changing your car every 2 years!
It may well be beneficial for you if you work out the full cost of ownership over 2 years for each method as this will tell you exactly how dear / cheap the deals are. You might very well be paying a low deposit but higher monthlys or more over the term.
My last 2 PCP's gave me about £1k equity to put down for my next car.
One other thing about leasing which maybe someone that leases can clarify, I read if you aren't the registered keeper which I'm not sure you are on a lease then a lot of insurance companies won't insure you so possibly paying more that way.
Hi mate, my current car is not financed I bought it outright, I'm just thinking my money would be better of in the bank than in a losing asset, never thought of it before until now really.
I don't mind paying £1k deposit, I just wasn't keen in pumping in £3k like the dealer suggested, he gave me a quick quote on £1k deposit for a standard manual 3 door GTD on 12k miles, it was £403 over 36 months
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Yeah it can all be a bit head bending. :grin:
How is your car currently financed?
I can't see how you will fail to pay at least £1k deposit if you are changing your car every 2 years!
It may well be beneficial for you if you work out the full cost of ownership over 2 years for each method as this will tell you exactly how dear / cheap the deals are. You might very well be paying a low deposit but higher monthlys or more over the term.
My last 2 PCP's gave me about £1k equity to put down for my next car.
One other thing about leasing which maybe someone that leases can clarify, I read if you aren't the registered keeper which I'm not sure you are on a lease then a lot of insurance companies won't insure you so possibly paying more that way.
Hi mate, my current car is not financed I bought it outright, I'm just thinking my money would be better of in the bank than in a losing asset, never thought of it before until now really.
I don't mind paying £1k deposit, I just wasn't keen in pumping in £3k like the dealer suggested, he gave me a quick quote on £1k deposit for a standard manual 3 door GTD on 12k miles, it was £403 over 36 months
Total payments of £15508 over 3 years. What was your GFV?
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Matchboy - well in principal yes I agree - selecting the lowest mileage on PCP will lower the monthlies - but to be fair it will have ramifications when trading in as your settlement figure will be higher due to the lower payments made (so less equity). Also if you are struggling for equity (small purchase discount and/or went mad with the options) you will not be able to hand the car back without penalty if you have gone over the mileage limit.
I've done various PCP's over the years, and I've always gone over my mileage, and I've never been penalised - ever. Maybe I've just been lucky though :laugh:
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Matchboy - well in principal yes I agree - selecting the lowest mileage on PCP will lower the monthlies - but to be fair it will have ramifications when trading in as your settlement figure will be higher due to the lower payments made (so less equity). Also if you are struggling for equity (small purchase discount and/or went mad with the options) you will not be able to hand the car back without penalty if you have gone over the mileage limit.
I've done various PCP's over the years, and I've always gone over my mileage, and I've never been penalised - ever. Maybe I've just been lucky though :laugh:
Yep especially true I would like to think if the dealer wants your business again on the next PCP :smiley:
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Matchboy - well in principal yes I agree - selecting the lowest mileage on PCP will lower the monthlies - but to be fair it will have ramifications when trading in as your settlement figure will be higher due to the lower payments made (so less equity). Also if you are struggling for equity (small purchase discount and/or went mad with the options) you will not be able to hand the car back without penalty if you have gone over the mileage limit.
I've done various PCP's over the years, and I've always gone over my mileage, and I've never been penalised - ever. Maybe I've just been lucky though :laugh:
Yep especially true I would like to think if the dealer wants your business again on the next PCP :smiley:
This is possibly true, the ones I've done have been VW to VW - I've never mixed and matched, so maybe I may have incurred a charge if going from VW to say BMW? I don't think so though - if they want the business then its best to swallow the fact that the car has higher mileage than expected if they want the sale - otherwise I'd walk away and go elsewhere!
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Just recieved this quote from VW fleet department, both based on a standard 3 door GTD with 12k miles per annum and 3 years
Manual 3+35 (£980 deposit + monthly of £327)
DSG. 3+35 (£1080 deposit + monthly of £362)
Quite tempted by this as it sounds ok, getting a quote tomorrow for 2 years which I presume will cost more??
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Leashire was best for low deposit and low monthly payments for me. I did a 4yr deal, but can give the car back after half the term is up. Also u don't pay any interest as its all lumped on the balloon payment at the end should you choose to buy.
Who was yours with mate if you don't mind me asking?
There's just so many lease companies, none of them reply to my enquiries either, that's why I'd rather deal with VW to be honest
My lease is with Ridgeway VW.
Just wondered tho, what's wrong with your current Mk7 Gtd?
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I've done various PCP's over the years, and I've always gone over my mileage, and I've never been penalised - ever.
But were you buying another car (ie; trading in) or just handing the old car back and walking away? The mileage penalty only applies in the latter situation.
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I've done various PCP's over the years, and I've always gone over my mileage, and I've never been penalised - ever.
But were you buying another car (ie; trading in) or just handing the old car back and walking away? The mileage penalty only applies in the latter situation.
Only once have I handed a car back and walked away - and I was 3k over the mileage limit and didn't get charged.
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Just recieved this quote from VW fleet department, both based on a standard 3 door GTD with 12k miles per annum and 3 years
Manual 3+35 (£980 deposit + monthly of £327)
DSG. 3+35 (£1080 deposit + monthly of £362)
Quite tempted by this as it sounds ok, getting a quote tomorrow for 2 years which I presume will cost more??
I make the difference between going the above route and going a PCP route with a drivethedeal discount, £750.
That's paying £750 less if you go with VW fleet above.
The only downside to that is, come the end of the term you will have nothing to use as equity for a trade in as you are just handing the car back. So I suppose its swings and roundabouts.
Pay the above fleet prices and put £25 a month in to an account and that will give you £900 by the end of the 3 years.
At least that way you are guaranteed £900 as a deposit. Although if you have a decent GTD to trade in at 3years you should be looking at in excess of £1000 equity.
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Just recieved this quote from VW fleet department, both based on a standard 3 door GTD with 12k miles per annum and 3 years
Manual 3+35 (£980 deposit + monthly of £327)
DSG. 3+35 (£1080 deposit + monthly of £362)
Quite tempted by this as it sounds ok, getting a quote tomorrow for 2 years which I presume will cost more??
I make the difference between going the above route and going a PCP route with a drivethedeal discount, £750.
That's paying £750 less if you go with VW fleet above.
The only downside to that is, come the end of the term you will have nothing to use as equity for a trade in as you are just handing the car back. So I suppose its swings and roundabouts.
Pay the above fleet prices and put £25 a month in to an account and that will give you £900 by the end of the 3 years.
At least that way you are guaranteed £900 as a deposit. Although if you have a decent GTD to trade in at 3years you should be looking at in excess of £1000 equity.
Also a there would be another £300-500 in expenses with the DTD route for the OP to travel from NI to collect.
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Also a there would be another £300-500 in expenses with the DTD route for the OP to travel from NI to collect.
Even although they bring the car to Carlisle free of charge. Is it really that dear to take it over to Ireland?
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I was 3k over the mileage limit and didn't get charged.
A lucky escape really lol :-)
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Also a there would be another £300-500 in expenses with the DTD route for the OP to travel from NI to collect.
Even although they bring the car to Carlisle free of charge. Is it really that dear to take it over to Ireland?
I've done it (not via DTD but the same usual dealer you seem to get in Kent)
Ferry is £100-150 when booked one way at shortish notice. Flight is another £60-100 one way at shortish notice too. Probably want to stay 1 night rather than do all in one day (£50-100). Then other bits and pieces. It can easily start adding up (but can still result in major savings).
Not much cost savings in the car being brought to carlise - you may aswell pick up at dealers to inspect etc.. and drive a few hundred miles.
I have relatives nearby so made a long weekend out of it which negated the cost.
Just something to consider when doing price comparisons.
Also may not want someone putting a few hundred miles on your new car during initial period.
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Yeah me and the Mrs collected mine from Kent.
Went down on the train from Glasgow then stopped overnight on the way back up.
It probably cost a couple of £££ but added to the excitement plus gave us a night away.
I'd certainly have no qualms about doing it again.
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One thing for cossieian to remember is that with a lease you're tied in for the duration but you can P/X a PCP car at any time.
The only reason I mention that is the fact the OP often admits to getting bored of his cars quickly.
:lipsrsealed:
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One thing for cossieian to remember is that with a lease you're tied in for the duration but you can P/X a PCP car at any time.
The only reason I mention that is the fact the OP often admits to getting bored of his cars quickly.
:lipsrsealed:
Exactly true , just got another PCP offer from my dealer lol
Again based on standard 3 Door manual GTD 12k miles
£1500 deposit over 3 years: £377 per month
£1500 deposit over 4 years: £336 per month
I must say as said previously I'm tempted by the 4 year deal as you can change at any time, how do them figures sound guys? I managed to squeeze them down to £24300 for the car which is about 11% discount
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Have you tried quotes on 5 door GTD's? They might well have a better GFV and the monthlies therefore slightly lower?
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Have you tried quotes on 5 door GTD's? They might well have a better GFV and the monthlies therefore slightly lower?
Just don't like the look of the 5 door tbh mate, I know I will save money but at the end of the day I don't want to pay the guts of £300 a month for something I don't really want :embarrassed:
But yea all the dealers are trying to push me towards a 5 door lol
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£24300 is good as its £500 cheaper than the DTD price. Although prices in Ireland might be different!
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Have you tried quotes on 5 door GTD's? They might well have a better GFV and the monthlies therefore slightly lower?
Just don't like the look of the 5 door tbh mate, I know I will save money but at the end of the day I don't want to pay the guts of £300 a month for something I don't really want :embarrassed:
But yea all the dealers are trying to push me towards a 5 door lol
I bought a 3 door on looks (after all, in true hot hatch fashion, a GTI should really be as light as possible and therefore a 3 door; unless it was a mk5 or mk6 where the 3 doors were a bit ugly) and will be the first to admit it has been a pain in the arse not having two back doors.
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5 door on the mk7 looks much better than the 3 door proportions wise.
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I'd certainly have no qualms about doing it again.
Same here!
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Ok so I've just ordered a new car on PCP :smiley:
3 Door Red GTD DSG
£1500 deposit and £346 per month over 48 months, the fact you can change car at any time was a big plus for me
They gave me a good price for my car £19k and that price is valid until the new car arrives
All in all pretty happy as I get to put £19k in my piggy bank :grin:
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Congrats! That should keep you happy for a few months before the £19k starts burning a hole in your pocket :grin:
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Congrats! That should keep you happy for a few months before the £19k starts burning a hole in your pocket :grin:
Doh :sick: