GolfGTIforum.co.uk
Model specific boards => Golf mk7 => Topic started by: candywhite12 on 22 August 2017, 21:02
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hi all,
have the chance to lease the new GTI and was wondering whether anyone has an idea (a professional one would be welcome) what the depreciation of the car will be in the next 3, 4 and 5 years.
thanks in advance
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Difficult to say with any certainty, but it might be worth starting by looking at what cars at those ages are currently worth;-
https://www.capconnect.co.uk/ConsumerValues/Ford.aspx?DB=CAR&CH=PWRTZ&New=1
If you're seriously thinking of leasing, it's best to keep the term short, and avoid the longer term agreements. In doing so you avoid things like MOT's, scheduled maintenance and the pitfalls of running a car outside warranty.
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On a side note, that cap valuation tool is interesting, I've been using the free HPI valuation tool.
This is better as you can add options.
From checking 3 GTIs on auto trader with dealers they are all exactly £2000 more than the top trade in price for a clean car. I guess that's standard on a £20k car.
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See if you can get a pcp quote at three, four and maybe five years. The guaranteed future value will be roughly slightly below trade in value.. Or should be.
One thing you haven't mentioned is mileage. This will be the biggest factor in any future valuation.
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That's a good point Fred. If you visit the VW website and use their finance calculator, I think it does provide guaranteed minimum future values. The 'guaranteed' part should be taken with a pinch of salt though for the purposes of this exercise.
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A new golf mk8 I believe will be released in 2019 which might bring the cost of the mk7.5 down a bit?
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I should have said before, if you are leasing then the lease price is the lease price. The depreciation isn't your problem but just a factor in the monthly payments... Unless you are planning on leasing vehicles to others, I'd not worry about this figure.
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Golfs generally are around mid 50 to 60% after three years, of course subject to mileage and condition.
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Presume you mean 50-60% of RRP?
Obv of you got £4K off at DTD, it would be different!
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I should have said before, if you are leasing then the lease price is the lease price. The depreciation isn't your problem but just a factor in the monthly payments... Unless you are planning on leasing vehicles to others, I'd not worry about this figure.
Yes I forgot about that to be honest, therefore a new model if released in 2019 makes no difference then.
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Its an interesting quandry I suppose if you are a lease company. If you are trying to sell leases on a vehicle that is say 4 years into its product life cycle (ie maybe 2 years from being replaced by a new model) then the residuals are projected to be lower.... equally, at the start of the model cycle they are probably higher.
I wonder, do you just hope that the cycle balances it out or do you actually decrease the lease cost at the start of a model cycle and increase it over time until at the last minute you drop it because the end of life phase of the model is heavily discounted by the manufacturer (ie when the actual new model production dates are announced)?
(This crossed my mind as earlier I was reading about the idea of surge pricing in supermarkets!)