GolfGTIforum.co.uk
Model specific boards => Golf mk7 => Topic started by: Mk1Macca on 07 April 2017, 22:26
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So, it looks like my wife wants to replace her mk7 1.6 TDI for a GTi. Her PCP is up, and I still need to look at the numbers on her car to see what, of anything she'll have on it.
It'll be another PCP deal, or lease. Not fussed either way, but needs to be less than £300 a month, with mileage up to 15kpa.
Other than the drive the deal type deals, anyone know of any good deals on PCP or lease?
Thanks :)
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I got an email from www.centralukvehicleleasing.co.uk (https://www.centralukvehicleleasing.co.uk/vehicle/detail/78416/volkswagen/golf_hatchback.html) saying they were doing the Volkswagen GOLF GTI 2.0TSi 230ps 5dr Hatch Man for £109.99+ vat per month.
It looks to have finished but I'd imagine it will come back at some point. 8k miles was another £10 a month.
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GTi's were ridiculously cheap on lease deals last week, all were allocated in a day and a half. Rumour has it there will be more cheap GTi lease deals at the end of this month.
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Rumour has it there will be more cheap GTi lease deals at the end of this month.
I heard the same, I'll be ordering a PP as soon as I can with hopefully a delivery in September :smiley:
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Where does the rumour come from? And where should I look?
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Where does the rumour come from? And where should I look?
Try Hot UK deals, What Car Leasing and Contract Hire & Leasing sites.
I've heard rumours of more GTi specials next month, I've also heard other rumours suggesting it'll be beginning of the next quarter (meaning July). When (or if!) more deals arrive, they're likely to go very quickly. Most dealers maxed out their entire deal allocation of 5dr cars in about 24 hours.
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Some crazy deals last week
Managed to find my dad a deal on a Golf R Estate
Golf R Estate
Metallic Paint
10K PA
300 Initial payment inc vat
300 x 23 months inc vat
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I managed to get one of those leasing deals last week. Hopefully have the car by June/July.
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How do lease companies deal with over mileage?
Are you cheaper to declare up front, or pay the excess at the end? Is that the same for PCP?
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Start off with a low but realistic mileage figure, then check the excess mileage rate. They vary between about 7ppm and 11ppm on a typical family car. Some deals cap the amount of excess miles you can do before the rates become punitive, always best to check, especially if going for a deal with a low mileage allowance.
On a PCP excess mileage only comes into effect if you are handing the vehicle back.
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Also remember if you do less than the agreed mileage you won't get the difference back.
So it may be more advantageous to estimate under and then pay the ppm over.
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Interesting. So, say I had a PCP deal based on 10k a year, but at the end of the deal, I've done 15k a year.
GFV was agreed at £15k.
Do they then look at market value for a vehicle with the same mileage, and worst case, write off the £15k if you take a new deal on a new car? There wouldn't be extra to pay?
I'm guessing the usual idea of having equity in the car at trade in time, to use as deposit on the next one, only exists if you keep roughly within the agreed mileage?
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If you decide to keep the vehicle at the end of the agreed term then you make the final payment (GMFV) and excess mileage isn't a factor.
The car will be worth what it is worth, if that is more than the GMFV then you will have the difference between the two (equity) towards your next vehicle. However you will forfeit this equity if you hand the vehicle back and walk away.
If the vehicle is worth less than the GMFV then you can walk away at the end of the term and simply pay for any excess mileage as per the terms of the contract.
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I am not thinking there is much equity left in anything now since the dieselgate scandal. I put 5k into my GTD deal, low miles at 7k a year, haven't got a valuation but at just over 3 years old I don't see much equity coming back which is all wrong given the sizeable deposit put in.
Lease next time seems the only option.