GolfGTIforum.co.uk
Model specific boards => Golf mk7 => Topic started by: Sootchucker on 19 December 2017, 07:50
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Just been browsing the VW website and for fun configuring a MK 7.5 GTI. 5 Door, performance pack, in metallic with a few nice options (19" alloys, leather, sunroof, dynaudio, dynamic lighting, keyless etc.) and I then looked at the list price - nearly £38k !!
Now I know it's before any discount etc. but still doesn't it seem awfully expensive for a Golf ? I managed without really trying to get a Golf 7.5 "R" to over £40k !
By contrast, I went to Ford's website (yes I know there will be Ford haters on here), and a fully specced Focus ST3 (245ps) with every option ticked came out to around £29.5k. Now before you say it, yes I know it's just a Ford and residuals are going to be lower, (but by all accounts it still great fun to drive) but on drive the deal, it was coming out at around £24.5k new !
Now I love the Golf, looks, dynamics, equipment, performance, class etc. but I'm just starting to wonder if they are now just starting to get out of the reach of Joe public and now only really make sense as a second hand buy.
I realise this is contentious, and only my view, but I think VW are in danger of pricing themselves out of the market ?
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I think that VW, along with every other mass-market manufacturer, now relies on the leasing market to shift new cars, so the list price becomes largely irrelevant.
As long as the monthly lease payment can be massaged to look attractive, they'll sell cars. Look what happened with the Golf R over the last few years. How many of those would VW have sold were it not for the sub-£250 per month leasing deals?
When it comes to having something new and spangly on the drive, the great unwashed can be easily manipulated.
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All cars are expensive these days. If it wasn't for PCP lease deals most people would be driving around in the manufacturers 'base' models, and they know this, hence when you see car advertisements they very rarely show the price of the car, only the monthly lease payments.
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I think PCP has a lot to do with UK car sales.
(Have we ever done a survey on that? I'll do one now actually)
And if you PCP'ing then residuals play a massive part of the game.
I looked hard at all sorts of cars before buying my own GTD and despite the headline "price" being less for others, the monthly costs were more.
My more expensive Golf was cheaper for me than a (top end) Focus or a Honda or whatever.
Besides, everything increases in price, except the price which I command of my employer :-/
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spec a golf r-line. i thought i'd give it a go as i might need to swap my new 7.5 gti pp for one. and it was around 35k just 3k less than the gti...
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As mentioned in another thread, the price of Amaroks :shocked:
When I bought mine (second hand) there was a bloke at the desk next to me signing the deal for a new one which was over £40k with the VAT. It seems no time at all ago since the first wave of double cab pickups like the L200 and Navara could be bought for around £15k.
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Yes they are expensive but I always look at the cost to change. My current golf is valued by my dealer at £15000 (2014 Gti). So buying a new one at say £28000 the difference is £13000 which seems to sound better and more manageable.
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spec a golf r-line. i thought i'd give it a go as i might need to swap my new 7.5 gti pp for one. and it was around 35k just 3k less than the gti...
Did you add all of the GTI standard options to it or just the ones you wanted?
When I looked before, it was more expensive to take a lesser model and add extras than to have the GTI/GTD...
(I know why you are doing it though)
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BTW I did create a poll about how your car is paid for...
http://www.golfgtiforum.co.uk/index.php?topic=282714.0
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I agree :wink:. In Sweden you have to pay 50 000Euro for a R with some option :grin:
But i think the whole Golf Range have started to be expensive. No problem to option a Golf Gt vid only 150hk. Now i talk not full
fully equipped.. :smiley:
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In Ireland, a 5 door DSG R with metallic is a shade under 50k Euro. It's pretty well equipped as standard (a tad better than UK spec, e.g. 19's are standard), but if you tick a few of the pricey options you're well into the mid-high 50's easily...
A PP GTI is around 5.5k less, like for like.
However, VW are doing very competitive/aggressive finance deals on them here. You'll get an R on a 0.9% APR PCP deal and there's a deposit contribution also.
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I know mines an older model being a 16 plate Gti non PP but when I specced mine I ad all the options except leather and PP that came out around the 35k + I shopped around with the unique code yout get told them what I was willing to pay without any movement on spec and got it for 28k from the place where we bought the wife's Scirocco from new in 2010 to me that was a good deal :whistle:
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My spec was just under £35k before (a small) discount in 2013. That did not include PP or leather.
As I still own this car and intend to do so for a few years more the options were the ones I felt I wanted and I was not looking at depreciation too much.
The 7.5 has a lot more standard spec these days. I did another configuration when the 7.5 was released and the price increase seemed negligible once the improved discounts are taken into consideration.
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spec a golf r-line. i thought i'd give it a go as i might need to swap my new 7.5 gti pp for one. and it was around 35k just 3k less than the gti...
Did you add all of the GTI standard options to it or just the ones you wanted?
When I looked before, it was more expensive to take a lesser model and add extras than to have the GTI/GTD...
(I know why you are doing it though)
yeah it was basically every option to get it to gti spec. same as i have just not the power :(
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spec a golf r-line. i thought i'd give it a go as i might need to swap my new 7.5 gti pp for one. and it was around 35k just 3k less than the gti...
Did you add all of the GTI standard options to it or just the ones you wanted?
When I looked before, it was more expensive to take a lesser model and add extras than to have the GTI/GTD...
(I know why you are doing it though)
That's true.
I looked at the R Line, but by the time i'd added the GTi/GTD levels of kit it made very little sense to buy an R Line. That's without even considering the residual values.
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I got 18% off list price on my R.... but yes, it's still expensive for a 'Golf'. Then again, for the performance I'd say its worth it. It has old RS4 type of pace.... And those cost a lot more when new. At least the Golf is cheaper to run than most the stuff it can keep up with. Just a Golf may have it's benefits :undecided:
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Buy cheap, buy twice.
The current Golf R is a snip particularly when discounted, if you have the cash to negotiate that is :wink:
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It helps to keep these things in perspective, yes you can buy a comparable Ford Focus or similar for less money, however i'd imagine that isn't a car most people on here would find as desirable as their Golf. If I wanted to save money these days i'd be looking at a SEAT Leon or Skoda Octavia before i'd look at a Ford Focus.
There's no doubt prices have risen, but if one takes a long term view they haven't gone up any more than most other cars. My Mk2 Focus Zetec S had a list price of about £22k 7 years ago, and it felt a much cheaper product than the Mk5 Golf it replaced.
The Mk5 Golf GT by the way was a little over £18k back in 2004. That was a Drive The Deal discounted price including a few options. Inflation over the period since has averaged a shade under 3%, so that money today would be worth over £25k. Go on Drive The Deal today and you'd have no trouble getting a Mk7.5 GT for that money. In fact you could get a GTD or GTI for that money. So yes prices have risen, but the discounts on offer an the standard kit more than compensate for that in my view.
I think what some people don't realise is just how much they're spending on optional extras. £1700 for leather seats, £1k for bigger wheels, £1300 for an upgraded sat nav. Not to mention how much you can increase the price by adding lots of the 'cheaper' extras. Fine if you value those kind of things, and you're keeping it a long while. But to me that starts to erode the value for money you got with the standard car. But in the interests of balance, or if you have money to burn, look at the price of a similarly specced Audi A3.
Sad as it may be, having the cash to pay for it outright doesn't necessarily get you a better deal these days. It used to be the case, but not any more. Dealers are incentivised to get punters so sign up to finance deals. Hence they offer deposit contributions. Anyone that has used Carwow will know what I mean; the finance price is often lower than the cash price. The smart people with cash take the finance incentives and then settle straight away.
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I was quoted £481pm for an R with prets, paint and dsg on 4 yr PCP. Crazy. Doesn’t help when the GFV is below £13k.
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I was quoted £481pm for an R with prets, paint and dsg on 4 yr PCP. Crazy. Doesn’t help when the GFV is below £13k.
Was that through Drive The Deal?
Sounds a bit out of whack... might be the 4 year thing doing that.
Whilst you are spreading the payments over 4 not 3 years, the GFV takes a massive dive after year 3.
Might be worth playing with those sliders on the finance tool.
On the other hand, you could ditch the wheels, paint and DSG and probably almost knock 20% off of the bill.
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Yeah gfv changes by about 3k with the extra yr but it was an expensive car over 3 or 4. My S3 is £200pm less!
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Not quite sure how the S3 can be almost half the price?
Its surely got to depreciate the same amount of pound notes, albeit with a higher starting point.
Sounds more like some other factor at play, or you've compared a discounted price with a VW list one?
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Both cars on a 4 yr PCP. At the time I was able I to get a far higher discount on an S3 than an R, plus the gfv on an S3 is far higher. Believe me, I was surprised at the time too after only ever having VWs. Even with discount and options added to the S3, the R always seems to come out v expensive for me. Maybe I’m doing something wrong!
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Some sort of bizarre blip? I mean to get an S3 for effectively 10k over four years? That's just so dirt cheap. That's the sort of price Ford offer Fiesta 1.0's at...
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Not quite sure how the S3 can be almost half the price?
Its surely got to depreciate the same amount of pound notes, albeit with a higher starting point.
Sounds more like some other factor at play, or you've compared a discounted price with a VW list one?
You get these weird anomalies with PCP's and leases sometimes where you just happen to land at the right time and get a bargain.
The original round of early 7R's had very high projected resale value as the trade used the previous generation car to base the figures on.
Obviously once the cheap leases headlines broke and all hell broke loose the mk7 R was doomed to massive depreciation taking the rest of the range with it. The mk7 Golf still has respectable depreciation in general but it ain't great.
The S3 originally also had very high projected resale value, again going on the desirability versus the low numbers available on the second hand market. That will provide decent PCP monthlies if you can get a headline discount off the car on top of the high GMFV.
I'll have to agree with some of the thoughts on here. Yes, the performance VW's are getting very expensive but so are Polos, which kind of points to the way the market is heading - high prices, big discounts and plenty of elbow room for attractive PCP deals for salesmen/women.
The equipment levels on performance Golfs used to be paltry until you raided the options list so you have to take that into account now.
MK2 Golf GTI's, mk3 VR6's, mk4 R32's etc all used to be expensive but tended to hold their value well so you got a lot of your investment back meaning you could afford another at the end of your tenure. The headline figures change depending on the market but at the end of the day VW know they have to be just about affordable as well as desirable if they want to sell the darned things as it's not as if there's no competition out there.
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Well put there Exonian. Just look at the bmw 140. Big list price but also big discounts out there. Some are even doing 0% Apr at the moment on cars in stock.
Pcp is all about commission and keeping the car market flowing. As an example, my local Audi are offering a black edition S tronic S3 sportback for £330pm I think (With the discount available, dealer contribution plus around £2k in). Can’t get close with an R.