GolfGTIforum.co.uk
Model specific boards => Golf mk7 => Topic started by: GTD184 on 03 February 2017, 18:03
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Looking for a run out bargain GTI I recently secured one of the last Mk7 GTI PP's which was a built car so not possible to spec.
Upon looking into the finance options VW were offering 6.2% on PCP. However the order books have opened for the 7.5 model which VW are offering finance rates of 4.9% plus £1k deposit contribution......so what seemed a good deal is not such a good deal as DTD are offering close to £5k discounts which brings that price very close to the price I achieved on a run out GTI when the lower rate finance rate is taken into account!
I have spoken to my dealer about cancelling but he has stated that there would be a cancellation fee as the car is now in stock which has left me well and truly pi$$ed off! :angry:
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That's a shame. Sometimes once you've committed it's best to not look around anymore!
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Looking for a run out bargain GTI I recently secured one of the last Mk7 GTI PP's which was a built car so not possible to spec.
Upon looking into the finance options VW were offering 6.2% on PCP. However the order books have opened for the 7.5 model which VW are offering finance rates of 4.9% plus £1k deposit contribution......so what seemed a good deal is not such a good deal as DTD are offering close to £5k discounts which brings that price very close to the price I achieved on a run out GTI when the lower rate finance rate is taken into account!
I have spoken to my dealer about cancelling but he has stated that there would be a cancellation fee as the car is now in stock which has left me well and truly pi$$ed off! :angry:
How much did they say the cancellation was going to cost? Contact the dealers manager and ask for the cancellation fee in writing.
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That's a shame. Sometimes once you've committed it's best to not look around anymore!
Couldn't of put it better :lipsrsealed:
Been there myself and it ain't a great place to be, but I learned real quick that no matter when or where you buy a car there's always gonna be a better deal around the corner :sick:
Only advice I can give is take what you wanted initially and just enjoy it :wink:........well try anyway :kiss:
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Did you go into the dealer or do it online?
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Ask to see the documentation that you received at time of order that mentions the csncellation fee. If theree's nothing in writing refuse to pay, dealers will try anything if they think they can get away with it. A mate has just got approx £7K off a new MK7 R
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Ask to see the documentation that you received at time of order that mentions the csncellation fee. If theree's nothing in writing refuse to pay, dealers will try anything if they think they can get away with it. A mate has just got approx £7K off a new MK7 R
A pre facelift bargin?
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That's a shame. Sometimes once you've committed it's best to not look around anymore!
I wasn't really looking around but just browsing the new model out of interest when it became known that the finance rate on the new model was lower than that on the run out model. :angry: it would have lessened the impact if VW had kept the rates common across both new and old although I for one would have thought that the new model would of had a higher finance rate due to demand.
I would have never thought that the outgoing model would have higher interest rates when VW are wanting to shift older stock!
I'm pissed not only because of the higher interest rate but because I secured a car that if given the choice I would have chosen a different spec. :sad:
I'm off down to the dealer tomorrow to see what I can make out of a bad situation. I've just checked my paper work which although confirms the vehicle spec it does not contain any T&C's regarding cancellation or the penalties if I should cancel!
I also have a Tiguan R-Line on order with the same dealer which is scheduled to be built next week but I don't think I'll get any favours on any cancellation fees.
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If they want to retain your future custom, they might transfer the cost of your non-refundable deposit/cancellation fee to a new deal. How much deposit did you put down?.
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If they want to retain your future custom, they might transfer the cost of your non-refundable deposit/cancellation fee to a new deal. How much deposit did you put down?.
£1k :embarrassed:
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He is probably only entitled to his loss of profit . Has he lost anything in fact ? I doubt it. You will have legal expenses insurance on your house or car I would think. Use it here .😐Even if not, get your solicitor onto it . A single letter to the dealer by them will stop this none sense . The cost won't be much and you will have the satisfaction of seeing the dealer give in and stop been a bully .
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What else factored in on the deal?
Was there a part ex involved as that can muddy the waters a lot?
Quickly doing a basic GTI price check on orangewheels a GTI 5 door is around £1700 (inc PCP discount) more for a FL compared to what they were knocking out pre FL cars for a month ago using the catch all £3250 off list price plus dealer discounts. For a cash buyer the pre FL car would have been £2700 cheaper, give or take a couple hundred as I can't remember exact figures.
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What else factored in on the deal?
Was there a part ex involved as that can muddy the waters a lot?
Quickly doing a basic GTI price check on orangewheels a GTI 5 door is around £1700 (inc PCP discount) more for a FL compared to what they were knocking out pre FL cars for a month ago using the catch all £3250 off list price plus dealer discounts. For a cash buyer the pre FL car would have been £2700 cheaper, give or take a couple hundred as I can't remember exact figures.
No P/X, stright forward PCP purchase.
My calculation was on the basis of the price of a FL GTI 5dr DSG as being quoted by DTD (£4600.00 discount) incl of £1k finance contribution. In addition the difference in finance rate between the pre FL GTI PP @ 6.2% and the FL finance @ 4.9%. The difference being about £1k over a 48 month agreement in favour of the FL.
Therefore the pre FL of £6.5k disc was only £900.00 better than the deal on a FL!......bearing in mind I had no spec choice on the pre FL car, the FL car is marginally cheaper due to the fact that FL GTI has same performance as GTI PP with no premium. I'm guessing that residuals will be better on the FL Model and so with everything taken into account the FL represents better value/deal?!
BTW visited my dealer today and was given the opportunity to cancel without any penalty! :laugh:......no argument a take the car as planned or my deposit refunded!......I'm guessing maybe the dealer has s buyer lined up as I was expecting a hell of a fight for my deposit and even prepared to take a massive hit!
Happy is an understatement! :laugh: :cool:
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All ended well in the end then.
Good news!
The 'old' car would've probably been a better buy if paying cash but as you're PCP'ing then the newer one makes sense as it'll also have a better value at the end of the term, I'd definitely agree.
That's looking purely at the finances side.
The newer car's tech will probably age a bit better and although enthusiasts will probably bemoan the loss of real dials your average car buyer will be lapping up the digital display, and it'll probably be the norm for most cars by 2021 or sooner.