GolfGTIforum.co.uk
Model specific boards => Golf mk7 => Topic started by: Mk1Macca on 14 January 2016, 17:12
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I visited my dealer today for a warranty issue on my GTD (the key broke in the ignition...) and while there, I thought I'd talk to the sales lady about trading in for an R.
I've bought two brand new golfs from her before, so left my details with her to crunch the numbers and email me later.
Well, the email's just come through and i'm staggered.
A GTD in CSG, bought Jan 2014, 23K, winter pack, Discover Nav and Adaptive Chassis, that would have been values around the £30K mark new, is now worth... £15,750! When I enquired about a month ago, it was nearly £2K more.
Are they really worth so little now, or are they just being super stingy with the part-ex offer?
Needless to say, i've politely declined. It seems the emissions scandal has hit the brand hard, so this is sadly likely the last VW i'll own if this is the value they drop by now. At this rate, i'll owe money at the end of my term, rather than having equity. Bugger.
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When I was in making my purchase of my GTI one dealer did say diesels had taken a hit residual wise and petrols residuals had increased.
Worth having a look at the parkers web site for a valuation.
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2.0 TDI GTD 3d 2014/63
Volkswagen Golf (13 on) 2.0 TDI GTD 3d
Based on 30k mileage
Original Price £25,565
Part Exchange £15,860
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2016 makes everything a year older?
I am not surprised at VW diesel models being hit fairly hard, as it was the diesel models that had VW hit the headlines in a negative way.
I appreciate it may not be such a big deal in the scheme of things, but to many non VW devotees, it has certainly turned a few away from the marque.
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Nope, same with Petrols to my eyes.
GTi is pretty low to be honest, I think the loyalty thing just helps prop the px value a bit to be honest.
It's pushing me more to looking at Broker max discount and PCP pay off early as the cost to change is getting bigger than ever.
Dave
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I think (hope) it's a temporary thing as this is such a recent occurrence, I'm sure similar happened with Toyota when they had the issues with the faulty accelerators.
Give it a couple of years and everyone will have forgotten all about this and things will be back to normal. The Golf is a very high quality car, whatever happens with this situation that won't change.
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The GTD's GFV have taken a real pasting lately. Back around Easter 2013 when the GTD/GTI order books opened, the GTD (5 door manual) had a healthy £14600 3 year value (55% retained) , now it's around £12700.
The GTI's 3 year GFV has dropped by less than a grand in that time. The R's dropped by £3k in Nov 14 from around £18500 to £15500 and is currently around £15200.
With all that in mind, the GTI owners have had the least surprises in p/x terms and shouldn't be far off what they were expecting to get in p/x. For early adopters of the GTD and R, I expect the PCPers will be handing them back and walking away with no equity to entice them into another on financials alone. Even so, £3320 between the RRPs for GTI and R, and £2500 between the 3 year GFVs, it costs only £32 a month more to spec an R over a GTI.
The PCPers buying another are not losing out despite the lower GFVs, the VW % APR is very low (4.9% typical vs 6.7% typical not so long ago) - there's around a £1300 off the typical cost of financing a GTI/GTD for 3 years. The PCP monthlies haven't changed much at all, despite the expected p/x being lower.
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Well, just loses value as soon as it goes off the forecourt.....
Mine was list just under 30k, LP paid around 26.... usual buying sites offer me around 9k for it now.
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It seems values across the board have taken a hit which is disappointing.
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It's the time of year when values are at their lowest, sales are at their slowest and the trade is at its most cautious.
This time of year generally sees a grand knocked off used car values.
Add in Dieselgate, huge new car incentives and massive discounting by VW and many other marques and we don't really have the recipe for strong residuals on 'not very old' cars.
swings and roundabouts really if you're chopping in a car only a couple of years old, don't forget the mk7 turns 4 years old this year...
I wonder how the equivalent MQB generation cars from Audi, SEAT and skoda are faring in comparison.
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Well I paid quite a sizeable deposit on my GTD (to keep the monthly payment low) and got an 8% discount off list at the time, and am currently 2 years and 4 months into a PCP, and just starting to look to see if it's worth changing.
Was quite surprised yesterday when I was quoted a part ex value of £500 less than I currently still owe on finance ! Never had that happen before. At this time into a PCP I have always had £1000-£2000 equity in the cars (my MK5 Golf and the Scirocco), never had negative equity.
At this rate, might just have to hand it back at the end of the term and walk away to another marque.
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I think (hope) it's a temporary thing as this is such a recent occurrence, I'm sure similar happened with Toyota when they had the issues with the faulty accelerators.
Give it a couple of years and everyone will have forgotten all about this and things will be back to normal. The Golf is a very high quality car, whatever happens with this situation that won't change.
This is true. :cool:
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This may be a very stupid question, but can someone help me understand GFV / final payments?
So, just for the sake of simplicity. Lets say that 'final balance' payable is £10,000.
At the end of the PCP term, my car has a trade in value of £12,000. I settle up, trade in and have £2K to put towards a new car. This I understand.
Say the trade in value of the car is only £8,000. What happens at the end of the term? Do I owe VW an additional £2,00 to walk away and hand the car back? Or does it mean that the car is worth, at minimum, £10,000 at trade in, even if the actual value is £8,000? This way, I would somehow have equity for a new car, or it just means I can hand the keys back without penalty?
I'm aware I probably should have understood this before buying the car, but I figured Golfs were safe as houses and would have a high residual at the end of the term.
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mk1macca - at the end of the deal you can just hand the car back even if it is worth less than the balance payment. the final payment is a Guaranteed future value and as such VW have to accept the car back no matter its real world value. Obviously condition of the car and mileage need to be considered and acceptable within the terms of the agreement. In the past GFV's have been set up to attempt to keep some equity in the car come trade in time as VW would like you to purchase another vehicle and having a nice deposit and a car worth more than you thought it was, even if its on paper at least helps in that regard.
Also be aware at present VW are pushing new vehicles with big discounts and incentive deposits for obvious scandal reasons. Its also the slowest time of year for sales anyway. All these affect trade in prices. My car is just over 2 months old and I achieved an almost 18% discount from list price including the PCP deposit contribution. that has to affect the current trade in values for cars purchased a few years ago. The GFV on my PCP works out at about 46% of the price I paid based on a 4 year deal on 10k per annum. The 3 year deal works out at about 55% of what I paid. Obviously the GFV fairs less considerably against a list price purchase and will then look like much larger depreciation.
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Thanks.
So, in the example of the car being worth £8,000 with a GFV of £10,000:
I wanted to keep the car, i'd have to pay a final balance of £2,000 more than the car is actually worth - based obviously on the agreed price of the car at the time of purchase.
If I wanted to walk away from VW completely, I could just hand the keys back with no further financial penalty.
If I wanted to buy from another marque, I'd need to work with the fact there's no equity in the car and start from scratch.
If I wanted a new VW, it would be assumed that there was no trade in value to the car, so no equity to put against a new VW. They would simply take the car back, and i'd be starting from scratch as if I'd walked in to the dealership with nothing to trade in?
Do these scenarios sound right?
Thanks :)
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I personnaly don't know any one who has ever given the car back. Depending on the part ex price from you dealer you would most likely be better off purchasing the car then selling private. I'm sure a well looked after 4year old Gti would fetch more than 10k private
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Spot on
If you intend to keep you still owe VW £10000 no matter what the current trade in value is. That obviously works the other way too. if in 18 months the scandal is long forgotten and the car is worth £12K you would still only owe VW £10K and therefore have a nice deposit, exactly the position VW want you in. Negative equity puts people off buying another VW and ending up in the same boat in another 3 years!
Yes you can hand the car back with no penalty as long as within the agreed miles pa and general condition of the car. There will be a charge for damage and for excess mileage.
If changing brands or staying with VW you are in effect giving the car back, leaving you no equity as a deposit. if you tried to trade it in at a BMW dealer they would only give you £8k and you would still owe VW £10K and now have no car to return to clear the finance.
But as Daz2411 says you can always clear the debt and sell privately.
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If changing brands or staying with VW you are in effect giving the car back, leaving you no equity as a deposit. if you tried to trade it in at a BMW dealer they would only give you £8k and you would still owe VW £10K and now have no car to return to clear the finance.
That's not strictly true. When I was coming to the end of my PCP with my MK6 Golf I was getting considerably more for a trade in with it going to a mini than I was trading it in for a Mk7.
In the end I traded it in against an A1 and that just marginally beat the VW trade in price.
It all depends who actually wants your business.
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Was just using BMW as an example really, well aware different marques and even different dealers may give differing part ex values, always pays to shop around. Suppose its down to how easy they think they will shift the car.
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My plan is to keep my car for 5 years so I will be paying the balloon payment (if I don't pay it off before) If the car isn't worth the GFV then I will be seeing if I can do some negotiations with them to pay a lower amount.
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Nope, same with Petrols to my eyes.
GTi is pretty low to be honest, I think the loyalty thing just helps prop the px value a bit to be honest.
It's pushing me more to looking at Broker max discount and PCP pay off early as the cost to change is getting bigger than ever.
Dave
Since you can get a new MK7 GTI Nav PP for under £22000 you cannot expect a high part exchange at the moment.
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Wow! Even with the £1250 contribution and £1000 loyalty bonus, sub £22k for that spec seems a steal?
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Nope, same with Petrols to my eyes.
GTi is pretty low to be honest, I think the loyalty thing just helps prop the px value a bit to be honest.
It's pushing me more to looking at Broker max discount and PCP pay off early as the cost to change is getting bigger than ever.
Dave
Since you can get a new MK7 GTI Nav PP for under £22000 you cannot expect a high part exchange at the moment.
Where's this at? Under 22k?
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Nope, same with Petrols to my eyes.
GTi is pretty low to be honest, I think the loyalty thing just helps prop the px value a bit to be honest.
It's pushing me more to looking at Broker max discount and PCP pay off early as the cost to change is getting bigger than ever.
Dave
Since you can get a new MK7 GTI Nav PP for under £22000 you cannot expect a high part exchange at the moment.
Under £22k thats a 20% discount on the RRP less the £1k loyalty bonus if you qualify.
Who is offering this discount at the moment Joe?
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A base 3 door GTI PP from drive the deal is £23,310.
Factor in the £1000 loyalty bonus and you're not far away from £22,000.
Take out PCP and cancel it shortly after and it's way less than £22,000
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A base 3 door GTI PP from drive the deal is £23,310.
Factor in the £1000 loyalty bonus and you're not far away from £22,000.
Take out PCP and cancel it shortly after and it's way less than £22,000
How does cancelling the PCP early like that mean you end up paying a lot less than the £22k for the car?
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Because you get a £1250 contribution from the finance company.
You can cancel this any time and pay your car off in full but you still get the contribution.
You're in your rights to do this, it isn't illegal.
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Because you get a £1250 contribution from the finance company.
You can cancel this any time and pay your car off in full but you still get the contribution.
You're in your rights to do this, it isn't illegal.
So that makes your total outlay for the car as only £20,750 then ? ( £22k less £1250 )
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Because you get a £1250 contribution from the finance company.
You can cancel this any time and pay your car off in full but you still get the contribution.
You're in your rights to do this, it isn't illegal.
So that makes your total outlay for the car as only £20,750 then ? ( £22k less £1250 )
It won't work like that because the discounted drive the deal price already includes the £1250 deposit contribution. Take out the pcp, cancel it shortly after and you will still be liable to pay a bit of interest for the days you have had the approx £22k loan. You will in effect end up paying a bit more than the invoice price of the vehicle; it certainly won't get cheaper than the invoice price.
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I'd add the current gfv values look low to me as well which means discounted cars still look quite expensive to my eyes once you look at monthly payments. Doesn't affect a cash buyer of course.
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Because you get a £1250 contribution from the finance company.
You can cancel this any time and pay your car off in full but you still get the contribution.
You're in your rights to do this, it isn't illegal.
So that makes your total outlay for the car as only £20,750 then ? ( £22k less £1250 )
It won't work like that because the discounted drive the deal price already includes the £1250 deposit contribution. Take out the pcp, cancel it shortly after and you will still be liable to pay a bit of interest for the days you have had the approx £22k loan. You will in effect end up paying a bit more than the invoice price of the vehicle; it certainly won't get cheaper than the invoice price.
Thats what I originally thought ( dtd price already included the £1250 deposit contribution )
I was aware that cancelling early you could retain any 'Servicing Package ' offers linked to finance purchases as salesman had mentioned that when trying to get me to take out a finance deal.
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Reading all of these posts.VW seem to be going down the same road as Ford and Vauxhall.Big discounts etc.
Maybe not at the same level.But it is certainly going to rebound on the( once famous) resale values. :sad:
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Reading all of these posts.VW seem to be going down the same road as Ford and Vauxhall.Big discounts etc.
Maybe not at the same level.But it is certainly going to rebound on the( once famous) resale values. :sad:
For sure. Retail used values on mk7s are still quite high because a very small number of cars have come onto the used market. This year will see supply increase which will bring values down.
Gfv on new pcp deals is significantly lower than early cars.
I have just been offered a £30k list price car for £25.1k and the gfv is £11.4k after 40k miles and 48months.
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My mistake.
I forgot DTD quotes include the £1250 contribution.
Still quite reasonable though.
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Reading all of these posts.VW seem to be going down the same road as Ford and Vauxhall.Big discounts etc.
Maybe not at the same level.But it is certainly going to rebound on the( once famous) resale values. :sad:
For sure. Retail used values on mk7s are still quite high because a very small number of cars have come onto the used market. This year will see supply increase which will bring values down.
Gfv on new pcp deals is significantly lower than early cars.
I have just been offered a £30k list price car for £25.1k and the gfv is £11.4k after 40k miles and 48months.
Pretty shocking figures.
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I have just been offered a £30k list price car for £25.1k and the gfv is £11.4k after 40k miles and 48months.
Pretty shocking figures.
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Not that shocking really - that is a 48 month figure, not a 36 month figure. A 4 year old VW hot hatch is only worth around 50% RRP at retail, so you're only going to see 80-85% of that in p/x. I'd steer clear of 48 month deals if possible - nominally less than 36 month figures but you've got a year there without warranty (unless you opt for the warranty extension).
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Hi guys, slightly linked to this but not directly, has anyone found a PCP finance calculator tool that can be relied on to be fairly accurate ? I have tried a couple and when I compared like for like deposit figures etc, it was about £60 per month away from the VW on line figures! Any ideas? Cheers :smiley:
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This one seemed fairly accurate when playing around with figures, few quid out mostly When checking against official quotes
http://www.thecalculatorsite.com/finance/calculators/carloancalculator.php
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I'm at my local VW dealership. About to give an R a once over. Before I decide which way to go. I will report back on my part ex figure considering the baloon is at about 15. I doubt they will offer me anywhere near that.
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I'm at my local VW dealership. About to give an R a once over. Before I decide which way to go. I will report back on my part ex figure considering the baloon is at about 15. I doubt they will offer me anywhere near that.
Will be interested to hear what they quote you misterp, my car is not too much older than yours and I'm thinking about changing soon.
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Reading all of these posts.VW seem to be going down the same road as Ford and Vauxhall.Big discounts etc.
Maybe not at the same level.But it is certainly going to rebound on the( once famous) resale values. :sad:
It seems to me that we might be heading towards BMW levels of GFV, in the region of 45% of RRP after 3 years, not quite as drastic as Ford/Vauxhall/French/Italian 30-40%.
If that happens, then fair enough if you can reap the discounts to still be at a respectable 50-55% of what you actually paid. If that doesn't happen in the future then chances are, i'll be moving to Audi (who seem to have come off relatively unscathed following the scandal).
For the good of future VW residuals, hopefully all these incentives and loyalty payments will be a shortlived thing. VW finance are taking some of the hit by offering lower PCP APR% to keep the monthlies the same despite lower GFVs.
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Just to add in here
I bought my 5 door DSG Golf R pre reg. I paid £29k in September.
I own a few other cars, one being an ED30. I found that in the 4 months of owning the R that I preferred the drive of the ED30, plus with it being new, I didn't really want the R on the road getting battered with stonechips.
Anyway last week I decided to cut the R loose as the values seemed to be dropping like a stone and with all the dealers having glut of pre reg not shifting I decided to move it on. I have a car related business (not sales) but have a lot of contacts such as independent buyers for performance car sellers and also live next door to the DP of an Audi dealership.
The bottom line is that nearly new VW's like the R, GTI and GTD are not wanted in the trade at the moment as many VW dealerships bought a load of said cars and pre reg them all thinking theyd sell - then the VW scandal broke and VW sales are down. That's why when you look on PH, AT etc theres loads of them and there's all sorts of incentives, deals and the like to get people to buy.
Selling a £25-30k car privately is difficult as at that price point people want finance, PX and dealership backing. So this leaves potential buyers of said cars to be the trade themselves, and with them sruggling to shift existing stock, plus the discount they can buy them from VW, selling one back into the trade is impossible without taking a huge hit.
My trade contacts were getting bids for my car from buyers in the trade at 22k! And that's a 4 month old car with 1k miles.
This morning I sold mine to WBAC.com and get £25,500 so Ive lost £3.5k in 4 months (bought it cash)
I must admit that despite taking the hit, I'm glad it's gone because according to 'the trade' values are far from firming up. Sometimes you just have to lok at the big picture and I decided that considering the use it was getting I'd rather lose the £3.5k now rather than keep it for 12 months, put a few thousand on the clock and lose £10K
Anyone who is looking to buy new and has the skill to play hardball then 20% off list is readily available. It's a buyers market for these higher end VW's
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Reading all of these posts.VW seem to be going down the same road as Ford and Vauxhall.Big discounts etc.
Maybe not at the same level.But it is certainly going to rebound on the( once famous) resale values. :sad:
It seems to me that we might be heading towards BMW levels of GFV, in the region of 45% of RRP after 3 years, not quite as drastic as Ford/Vauxhall/French/Italian 30-40%.
If that happens, then fair enough if you can reap the discounts to still be at a respectable 50-55% of what you actually paid. If that doesn't happen in the future then chances are, i'll be moving to Audi (who seem to have come off relatively unscathed following the scandal).
For the good of future VW residuals, hopefully all these incentives and loyalty payments will be a shortlived thing. VW finance are taking some of the hit by offering lower PCP APR% to keep the monthlies the same despite lower GFVs.
I think the VW gfv figures are already there aren't they? List of £29750 with gfv of approx £13k after three years and £11.5k after four years. Similar to BMW in that the depreciation is massive unless you get the full discount that could possibly be achieved at the time of purchase which makes it a bit less painful.
Thing is, at the moment, my anecdotal experience suggests that VW dealers are still a bit more coy about discounts than BMW dealers. I would be amazed if vw could maintain their desired sales levels long term by selling cars with only say a 5% discount off list on pcp deals with these new lower gfv figures.
Its not just the effect of the depreciation one you are already an owner, it's the fact that the VW cars look very expensive compared to other cars in terms of monthly payments if you are buying at or near to list.
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Just to add in here
I bought my 5 door DSG Golf R pre reg. I paid £29k in September.
I own a few other cars, one being an ED30. I found that in the 4 months of owning the R that I preferred the drive of the ED30, plus with it being new, I didn't really want the R on the road getting battered with stonechips.
Anyway last week I decided to cut the R loose as the values seemed to be dropping like a stone and with all the dealers having glut of pre reg not shifting I decided to move it on. I have a car related business (not sales) but have a lot of contacts such as independent buyers for performance car sellers and also live next door to the DP of an Audi dealership.
The bottom line is that nearly new VW's like the R, GTI and GTD are not wanted in the trade at the moment as many VW dealerships bought a load of said cars and pre reg them all thinking theyd sell - then the VW scandal broke and VW sales are down. That's why when you look on PH, AT etc theres loads of them and there's all sorts of incentives, deals and the like to get people to buy.
Selling a £25-30k car privately is difficult as at that price point people want finance, PX and dealership backing. So this leaves potential buyers of said cars to be the trade themselves, and with them sruggling to shift existing stock, plus the discount they can buy them from VW, selling one back into the trade is impossible without taking a huge hit.
My trade contacts were getting bids for my car from buyers in the trade at 22k! And that's a 4 month old car with 1k miles.
This morning I sold mine to WBAC.com and get £25,500 so Ive lost £3.5k in 4 months (bought it cash)
I must admit that despite taking the hit, I'm glad it's gone because according to 'the trade' values are far from firming up. Sometimes you just have to lok at the big picture and I decided that considering the use it was getting I'd rather lose the £3.5k now rather than keep it for 12 months, put a few thousand on the clock and lose £10K
Anyone who is looking to buy new and has the skill to play hardball then 20% off list is readily available. It's a buyers market for these higher end VW's
I'm not sure 20% off list is achievable on a new non pre reg gti when the dealer gets 15% to play with in the first place. Surely it's case of hoping for 10% from the dealer plus whatever incentives are coming direct from VW?
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A dealer pay a LOT less than that and the price they pay varies depending on how many they sell
Thats why they pre reg them to keep the sales targets and get the discounts
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A dealer pay a LOT less than that and the price they pay varies depending on how many they sell
Thats why they pre reg them to keep the sales targets and get the discounts
If you know of a dealer selling new non pre reg gtis at 20% off please could you share the details because I would be interested in talking to them.
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Maybe I choose the wrong time to buy a car on PCP?? Always owned my cars outright but wanted to release all the money I had tied up in them. Aswell means I need to keep and enjoy my car for a while instead of changing every few months lol
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Maybe I choose the wrong time to buy a car on PCP?? Always owned my cars outright but wanted to release all the money I had tied up in them. Aswell means I need to keep and enjoy my car for a while instead of changing every few months lol
Don't worry, you'll be able to feed your addiction by changing wheels and tyres every few days instead...
:whistle:
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A dealer pay a LOT less than that and the price they pay varies depending on how many they sell
Thats why they pre reg them to keep the sales targets and get the discounts
My salesman told me that:-
The standard discount on list for a VW dealer is 5%, but through volume they can get this up to 15%. Additionally there's a customer satisfaction bonus of up to 8% - which is why the VWCS survey that some get called up for a few weeks after new car collection is so important to them.
It is harder to get a big discount on a VW (and harder still for Audi) than a BMW. 24% on some BMWs is achievable now as they're heavy on the fleet side of things, and that affects residuals (used prices) when swathes of ex police cars (almost every police car I see is a 3 or 5 series,and all the small ambulance cars tend to be X1s) and company cars head to the auctions after service. Same can be said of the bigger Audis to a lesser extent, but not many A3s and Golfs (% wise) become company cars.
The GFV % is falling on the performance Golfs not because they're likely to be worth a lot less at trade-in, but because the GFV value hasn't gone up in line with all the price rises that have come in - since the GTI and GTD launched, the car has become about 12% dearer (RRP) in just 2.5 years. How many other products you buy have gone up so steeply in the same period?
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Anyone who is looking to buy new and has the skill to play hardball then 20% off list is readily available. It's a buyers market for these higher end VW's
Really, I very much doubt it? Grateful if you could back that up with one dealer's name as my daughter is ready to buy.
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Brand new golf gti basic with £1000 loyalty £21500, that's £5700 off list price that's over 20% off at drive the deal!
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Brand new golf gti basic with £1000 loyalty £21500, that's £5700 off list price that's over 20% off at drive the deal!
Not everyone is eligible for the loyalty discount.
Good time to buy a VW right now, crap for everyone who already bought one.
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Brand new golf gti basic with £1000 loyalty £21500, that's £5700 off list price that's over 20% off at drive the deal!
Not everyone is eligible for the loyalty discount.
Good time to buy a VW right now, crap for everyone who already bought one.
And I assume that discount includes the PCP contribution?
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All their quotes include the £1250 contribution
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All their quotes include the £1250 contribution
Right fair enough, so to get the 20% off list you need a dealer discount, the loyalty discount and VW Finance contribution, rather than the dealer just giving a 20% discount off list (VW Finance contribution is not a dealer discount and as monkeyhanger has pointed out, not everyone is eligible for the loyalty discount).
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Anyone who is looking to buy new and has the skill to play hardball then 20% off list is readily available. It's a buyers market for these higher end VW's
Really, I very much doubt it? Grateful if you could back that up with one dealer's name as my daughter is ready to buy.
Me too, 20% would have my mind made up as I'm torn between leasing a GTD or buying a GTD, reading about the low residuals isn't helping either
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All their quotes include the £1250 contribution
Right fair enough, so to get the 20% off list you need a dealer discount, the loyalty discount and VW Finance contribution, rather than the dealer just giving a 20% discount off list (VW Finance contribution is not a dealer discount and as monkeyhanger has pointed out, not everyone is eligible for the loyalty discount).
Correct, the drive the deal discount is about 12% off, then you could take the 1250 deposit contribution and current owners might be able to get the £1000 on top.
It's not guaranteed that you could get the loyalty bonus on a dtd order though as their supplying dealer could struggle to supply prior to the deadline. You would need to enquire about their stance on the offer.
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Brand new golf gti basic with £1000 loyalty £21500, that's £5700 off list price that's over 20% off at drive the deal!
Not everyone is eligible for the loyalty discount.
Good time to buy a VW right now, crap for everyone who already bought one.
Only owners or family members at same registered address as registered owner.
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Brand new golf gti basic with £1000 loyalty £21500, that's £5700 off list price that's over 20% off at drive the deal!
Not everyone is eligible for the loyalty discount.
Good time to buy a VW right now, crap for everyone who already bought one.
My dad is at different address to me yet I got the discount too.
Only owners or family members at same registered address as registered owner.
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Only owners or family members at same registered address as registered owner.
It doesn't have to be family members at the same address, it can be anyone at the same address.
http://pulmanvolkswagen.co.uk/loyalty-offers
However I personally think if a VW has driven past your front door in the last 6 months you will be classed as eligible.
My dealer gave me it off the GTI I've ordered for my Mrs and he only took my word for it that I had a GTD as I hadn't given him any details.
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Brand new golf gti basic with £1000 loyalty £21500, that's £5700 off list price that's over 20% off at drive the deal!
Not everyone is eligible for the loyalty discount.
Good time to buy a VW right now, crap for everyone who already bought one.
My dad is at different address to me yet I got the discount too.
Only owners or family members at same registered address as registered owner.
How did you manage that? Did you switch your bank address?
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Only owners or family members at same registered address as registered owner.
It doesn't have to be family members at the same address, it can be anyone at the same address.
http://pulmanvolkswagen.co.uk/loyalty-offers
However I personally think if a VW has driven past your front door in the last 6 months you will be classed as eligible.
My dealer gave me it off the GTI I've ordered for my Mrs and he only took my word for it that I had a GTD as I hadn't given him any details.
My experience has been that dealers are very strict with it. From the outset they are saying no if you are not a current owner or at same address as one. Only one has suggested fiddling it by changing addresses, others suggest they will pull the plug on the transaction if they get wind you are fiddling it.
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The promotion doesn't end until the 31st of May so folk would have plenty of time to spare if they only have to be at an address for at least 90 days.
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My dad is at different address to me yet I got the discount too.
Only owners or family members at same registered address as registered owner.
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How did you manage that? Did you switch your bank address?
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No I just went to my dealer said I have heard about the loyalty bonus I to have another version but I have it registered in my dads name. V5 document isn't proof of ownership. I brought the car from them 5 year ago I proved that with my transaction. All he said to me was that usually as long as surname is the same its obvious its family. Then got email saying all ok we accept. If they pull plug over transaction I'll pull plug on buying car. I have email proof from them saying they will honour it.
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VW not version stupid predictive txt
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My dad is at different address to me yet I got the discount too.
Only owners or family members at same registered address as registered owner.
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How did you manage that? Did you switch your bank address?
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No I just went to my dealer said I have heard about the loyalty bonus I to have another version but I have it registered in my dads name. V5 document isn't proof of ownership. I brought the car from them 5 year ago I proved that with my transaction. All he said to me was that usually as long as surname is the same its obvious its family. Then got email saying all ok we accept. If they pull plug over transaction I'll pull plug on buying car. I have email proof from them saying they will honour it.
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Surprised they honoured it seeing as offer states you need to produce v5 with same address as your address but good luck to you if it works!
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The promotion doesn't end until the 31st of May so folk would have plenty of time to spare if they only have to be at an address for at least 90 days.
Don't even think you need to be at address for ninety days. As long as you can prove you live at the same address as the existing owner at point of purchase you will be ok. It's the existing VW that has to be owned for a period of 90 days before you purchase a new one.
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To me it sounds like dealer discretion some will some won't I'm lucky mine has. Signing documents tomorrow so will find out if anything changes
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My plan is to keep my car for 5 years so I will be paying the balloon payment (if I don't pay it off before) If the car isn't worth the GFV then I will be seeing if I can do some negotiations with them to pay a lower amount.
Interesting. Is it even possible to negotiate the GMFV value with them at the time, or would you just threaten with handing the car back and walking away ?
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My plan is to keep my car for 5 years so I will be paying the balloon payment (if I don't pay it off before) If the car isn't worth the GFV then I will be seeing if I can do some negotiations with them to pay a lower amount.
Interesting. Is it even possible to negotiate the GMFV value with them at the time, or would you just threaten with handing the car back and walking away ?
Chances are that the car's expected stIcker price on the used forecourt won't be any less than the GFV, but the px price may well be. Doubt very much you will be able to renegotiate the balloon payment with VWFS unless something has gone disastrously wrong with VW and demand for them has completely collapsed.
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Once you have entered into the deal I sure you would have to pay the gfv As you have signed to say so.
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Yeah, that's what I originally thought.
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The promotion doesn't end until the 31st of May so folk would have plenty of time to spare if they only have to be at an address for at least 90 days.
Don't even think you need to be at address for ninety days. As long as you can prove you live at the same address as the existing owner at point of purchase you will be ok. It's the existing VW that has to be owned for a period of 90 days before you purchase a new one.
I'm sure that would be easy to do then, by asking a friendly relative with a VW to change their address temporary until you get the £1000 bonus.
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Once you have entered into the deal I sure you would have to pay the gfv As you have signed to say so.
You would have to pay that amount as that's what you agreed with VWFS who technically own the car.
VWFS will have a way of disposing of handed back cars through VW's internal system. The last thing VW would want would be people trying to renegotiate once they started paying the monthlies. Unless as MH said, VW were in dire straights and we're taking emergency measures. It would have to be pretty extreme for that to happen and the cars are probably underwritten by a third party (bank) anyway.
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Put my 65 plate GTD details onto Webuyanycarandshaftyou today.2500 miles.Came back valued at £18500. :grin: