GolfGTIforum.co.uk
Model specific boards => Golf mk7 => Topic started by: Cameron jenkins on 07 June 2019, 11:20
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£1,000 deposit and £1,500 from Volkswagen
So £2,500 deposit
36x£373.06
Final payment of £13,704.30
For a new 19 plate golf gti
Is this good? What would be the cheapest option? And the best plan after the 3 years?
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The specification plays a part in whether thats good value, as is that standard or is there any options added?and is this new from stock or used with what mileage?
Just some more details as plenty here will be able to give you a really good response if they have them
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There was a thread on here earlier this week about leasing. Monthly figures were around £300 a month. Given that you'll have very little equity at the end of the PCP term, leasing could well be much cheaper.
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£29634.46 total cost...
What was the actual price of the vehicle?
What's the interest rate?
What mileage did you ask for?
Where did you get the quote from? Have you tried DriveTheDeal?
Do you intend to purchase it after 3 years?
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OP - on a new car from a dealer, every aspect is fixed (APR, GFV, car cost, options cost etc)., so discussing those is irrelevant. The only thing that isn't fixed is the discount on the car. Discount can be given as "despot contribution and/or Discount. That's all that matters as to wether it's a "good deal" or not.
From your original post it looks like you're only getting £1500 contribution towards the car, and if this is the case then no it's not a good deal. 8-10% is a good achievable amount.
:)
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Is the £1500 a deposit contribution from VW, or a discount off the list price from the dealer? If it is from VW, you'd get that anyway regardless of what further discount you negotiate.
Also what other finance incentives are been offered? Servicing etc...
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Sounds expensive to me, but then again, dealers usually are. If you're not bothered about owning it after 3 years, take a look at PCH.
I have a GTI, 36 months, 10K / yr, £305 / month, 3 months deposit.
My total payment after 3 years works out at £11,900.
Yours works out at £14,400. We don't know your mileage requirements, so it might not be apples for apples, but it's £2.5K cheaper to lease. Granted, I don't have the option to buy at the end.
Just thought, yours is a 19 plate, so probably a PP. Mine is a standard GTI.
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Copy and paste from leasing thread
From CVL (models below are special offer)
TCR
Contract Length 36 Months
Initial Rental £3,000.00 inc VAT
35 Months @ £315.59 inc VAT per Month
Annual Mileage 5,000
R DSG
Contract Length 36 Months
Initial Rental £2,753.89 inc VAT
35 Months @ £305.99 inc VAT per Month
Annual Mileage 5,000
The GTI models are not currently on special offer, costing more than £320 / month
Cupra 290 with free metalic
Contract Length 24 Months
Initial Rental £2,400.00 inc VAT
23 Months @ £245.99 inc VAT per Month
Annual Mileage 8,000
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Sounds expensive to me, but then again, dealers usually are. If you're not bothered about owning it after 3 years, take a look at PCH.
I have a GTI, 36 months, 10K / yr, £305 / month, 3 months deposit.
My total payment after 3 years works out at £11,900.
Yours works out at £14,400. We don't know your mileage requirements, so it might not be apples for apples, but it's £2.5K cheaper to lease. Granted, I don't have the option to buy at the end.
Just thought, yours is a 19 plate, so probably a PP. Mine is a standard GTI.
Where from? Considering leasing for my next car. I was supposed to keep this one for years but I'm not sure it will happen :)
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I always said I would never lease and would PCP. However, this time I knew I wouldn't want to keep the car and wanted a short 2 year financial commitment to get something until the Mk8 comes out.
Leasing worked out cheaper by quite a bit on the monthlies.
I would say PCP is great if you may want to keep the car, otherwise a lease seems to be the cheaper option.
You will struggle to get a 5 dr DSG GTI at a decent price though if that's what you want. Plenty of manuals and 3dr DSGs around but not the popular 5dr DSG version.
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Cost seems to be daft atm, my golf gti 2 years ago manual with metallic paint and pan roof was £27k I think. Now for a similar spec it’s £35k. Wtf is going on?
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For a bit of perspective, next week I’m collecting a brand new GTI PP, brechias, metallic black. £500 deposit, £1500 VW deposit contribution, 4 years 9k miles, first 2 services, + first year road tax, for £389/month. I managed to get that via OrangeWheels, which I’m happy with really.
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Cost seems to be daft atm, my golf gti 2 years ago manual with metallic paint and pan roof was £27k I think. Now for a similar spec it’s £35k. Wtf is going on?
I agree the prices are getting a bit mad. What do you have now? Entry level GTi's aren't what they were 2 years ago;-
No 3 door anymore
No manual gearbox
No non-PP version anymore
Lane assist, rear camera and keyless entry all standard now, which have all bumped the price up a bit.
On top of that they keep applying their inflationary increases.
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I managed to get my golf gti tcr. £1500 deposit for £372 a month. Drive the deal do some very good discounts at the moment
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Cost seems to be daft atm, my golf gti 2 years ago manual with metallic paint and pan roof was £27k I think. Now for a similar spec it’s £35k. Wtf is going on?
I agree the prices are getting a bit mad. What do you have now? Entry level GTi's aren't what they were 2 years ago;-
No 3 door anymore
No manual gearbox
No non-PP version anymore
Lane assist, rear camera and keyless entry all standard now, which have all bumped the price up a bit.
On top of that they keep applying their inflationary increases.
Currently in a grey 67 plate Golf Gti with pan roof, 230bhp not the performance pack
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Cost seems to be daft atm, my golf gti 2 years ago manual with metallic paint and pan roof was £27k I think. Now for a similar spec it’s £35k. Wtf is going on?
I agree the prices are getting a bit mad. What do you have now? Entry level GTi's aren't what they were 2 years ago;-
No 3 door anymore
No manual gearbox
No non-PP version anymore
Lane assist, rear camera and keyless entry all standard now, which have all bumped the price up a bit.
On top of that they keep applying their inflationary increases.
One of the big factors is the exchange rate. In 2016, £1 would buy you €1.34. Today it’s worth €1.11. That’s 17% less GTI for your money. Or more accurately, it’s automatically 17% more expensive and that’s excluding three years worth of inflation.
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Cost seems to be daft atm, my golf gti 2 years ago manual with metallic paint and pan roof was £27k I think. Now for a similar spec it’s £35k. Wtf is going on?
But no one would pay £35k list - discounts on the GTI are big so wouldn’t be that much difference for higher spec and better tech.
This one is the Performance version, pan roof, art velour and all the other 2019 additions. And it’s £28k.
https://www.autotrader.co.uk/classified/advert/201905037601703?lat-long=53.31965465144934%2C-1.5119039289785143&advertising-location=at_cars&transmission=Manual&keywords=Pan&year-from=2019&body-type=Hatchback&model=GOLF&page=1&aggregatedTrim=GTI%20Performance&make=VOLKSWAGEN&onesearchad=New&onesearchad=Nearly%20New&onesearchad=Used
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Cost seems to be daft atm, my golf gti 2 years ago manual with metallic paint and pan roof was £27k I think. Now for a similar spec it’s £35k. Wtf is going on?
But no one would pay £35k list - discounts on the GTI are big so wouldn’t be that much difference for higher spec and better tech.
This one is the Performance version, pan roof, art velour and all the other 2019 additions. And it’s £28k.
https://www.autotrader.co.uk/classified/advert/201905037601703?lat-long=53.31965465144934%2C-1.5119039289785143&advertising-location=at_cars&transmission=Manual&keywords=Pan&year-from=2019&body-type=Hatchback&model=GOLF&page=1&aggregatedTrim=GTI%20Performance&make=VOLKSWAGEN&onesearchad=New&onesearchad=Nearly%20New&onesearchad=Used
It’s also used not brands new, so will obvs be cheaper?
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Cost seems to be daft atm, my golf gti 2 years ago manual with metallic paint and pan roof was £27k I think. Now for a similar spec it’s £35k. Wtf is going on?
But no one would pay £35k list - discounts on the GTI are big so wouldn’t be that much difference for higher spec and better tech.
This one is the Performance version, pan roof, art velour and all the other 2019 additions. And it’s £28k.
https://www.autotrader.co.uk/classified/advert/201905037601703?lat-long=53.31965465144934%2C-1.5119039289785143&advertising-location=at_cars&transmission=Manual&keywords=Pan&year-from=2019&body-type=Hatchback&model=GOLF&page=1&aggregatedTrim=GTI%20Performance&make=VOLKSWAGEN&onesearchad=New&onesearchad=Nearly%20New&onesearchad=Used
It’s also used not brands new, so will obvs be cheaper?
But you can get a brand new Golf GTI performance 5 door manual - indium grey metallic with panoramic roof for £28,838.45 from Drive the Deal (discount of 16.6% off list price). That’s the 245ps model, as the non-performance model is no longer available. Bear in mind you’re also comparing what you paid for your non performance GTI with the current list price of the GTI performance, so not a like for like price comparison. Also bear in mind that pretty much no one pays list price - worthwhile discounts are available through the likes of Drive the Deal, Orange Wheels and Carwow etc.
In 2017, to upgrade the non performance GTI to include the performance pack option cost £995. If you adjust what you paid for your car to add the performance pack option to make the price comparison like for like, then it’d bring the price of your car up to just under £28k.
So, your car with performance pack; £28k. Current new price of a 5 door manual GTI performance with metallic paint and panoramic sunroof through Drive the Deal; £28,838. Approx 3% more (£838) than the adjusted price of your car.
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Cost seems to be daft atm, my golf gti 2 years ago manual with metallic paint and pan roof was £27k I think. Now for a similar spec it’s £35k. Wtf is going on?
But no one would pay £35k list - discounts on the GTI are big
Discounts haven't risen in line with the price rises though, so the car does cost more today. :smiley:
The base OTR price of a GTI PP has risen by just over £1000 in the last 6mths, and discounts have dropped. For every £1000 on or off the total OTR cost, it equates to circa £25-30 per month on a monthly payment, so buying today straight away a Golf is £25-30 per month more expensive than it was, and that's before you start thinking about discounts, adding options etc.
I got mine back in December 2018 before the two price rises, and it costs me c£465 a month over 4yrs with £1000 in from me. Compare that to the person a few posts back who pays £365 over the same term also with £1000 in, then on paper theirs is 'cheaper', but mine has/had £6500 of options which normally on a PCP equates to c£185pcm on the monthly payment. So with the bigger discount I got back then and lower initial OTR cost, my car is actually (once the maths is done) cheaper than his/hers.
So Moots is right, the base price of a car has risen, discounts have dropped, and a Golf today is a more expensive than it was a short time ago, and drastically more expensive than it was 12months+ ago.
As said, you cannot judge if a car is a good deal just by looking at the 'monthly' price alone.
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Of course the base price has risen in the last 2 years, we all know that!
But as SRGTD pointed out above, you can still get a well spec’d GTi with more power and better tech for a little over £28k.
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Of course the base price has risen in the last 2 years, we all know that!
But as SRGTD pointed out above, you can still get a well spec’d GTi with more power and better tech for a little over £28k.
You're possibly missing the point. You are talking as if £28-29k is still cheap, that's dramatically more than what was available just a few years ago. Incremental price rises, model dropping, and other factors such as inflation and currency adjustments have caused the car to be more expensive.
I'd hardly call a car with just a pan roof and metallic paint "well spec'd" either. If you're happy with base spec then yes, but as a Golf caters for all tastes and needs, it soon becomes even more expensive once you start adding a few other bits on such as larger wheels and audio.
Looking at the brochure from this time in 2016 the non PP base price is £3k less on all GTI's than it is at today's starting base cost of a PP, and it was exactly the same in 2017 which saw no price rises. Then in 2018 the multiple price rises and model trimming started, the price jumps and they also trim off the 230 so only a PP can be bought, and in 2019 the manual and 3dr goes.
Go one step further back to 2015 and my brother bought a brand new 5 door manual (no options) and it cost him £23.5k after discount.
Thats not to say other brands have not done the same over the past few years, but the point Moots was making is a valid one... long gone are the days you could walk into a dealer and spend £25k(after discount) on a GTI and walk out happy. It's now much much closer to £30k (after discount) due to price rises and model trimming, and I suspect even more when the MK8 arrives.
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You can blame WLTP for model trimming. Every possible permutation of a car's model (all option combinations) need independently testing under WLTP, so the car makers offer less variety, and minor options get bundled onto packs.
The Golf is a very expensive car now, and the MK8 will be more so - even if the RRP doesn't go up significantly, a lack of deposit contribution at launch will make it significantly more expensive in real terms. There's no real justification for APR% that VAG routinely offers - in Germany, they have to offer 0.9% to try and persuade them to buy on tick as it is ingrained into German culture not to borrow money - even for mortgages. They're a nation of house renters as a result.
Can't see me hankering for a MK8 Golf at likely over £30k after discounts for a standard GTI and the best part of £500 a month on PCP without dipping into the options bin.
Got our 2 Polo GTI+ bought outright and sticking away £450 a month total back into savings to cover the depreciation. I'd never say never for a great lease deal came up like the giveaway R deals of late 2014.
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You can blame WLTP for model trimming. Every possible permutation of a car's model (all option combinations) need independently testing under WLTP, so the car makers offer less variety, and minor options get bundled onto packs.
he Golf is a very expensive car now, and the MK8 will be more so - even if the RRP doesn't go up significantly, a lack of deposit contribution at launch will make it significantly more expensive in real terms. There's no real justification for APR% that VAG routinely offers - in Germany, they have to offer 0.9% to try and persuade them to buy on tick as it is ingrained into German culture not to borrow money - even for mortgages. They're a nation of house renters as a result.
Can't see me hankering for a MK8 Golf at likely over £30k after discounts for a standard GTI and the best part of £500 a month on PCP without dipping into the options bin.
Got our 2 Polo GTI+ bought outright and sticking away £450 a month total back into savings to cover the depreciation. I'd never say never for a great lease deal came up like the giveaway R deals of late 2014.
I think you will find Germans are becoming more interested in buying their homes now. The big difference is they get a 25 year mortage fixed at very little over the base rate.
Therefore house prices are more stable and people less willing to keep moving to "climb a hyped property ladder"
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Of course the base price has risen in the last 2 years, we all know that!
But as SRGTD pointed out above, you can still get a well spec’d GTi with more power and better tech for a little over £28k.
You're possibly missing the point. You are talking as if £28-29k is still cheap, that's dramatically more than what was available just a few years ago. Incremental price rises, model dropping, and other factors such as inflation and currency adjustments have caused the car to be more expensive.
I'd hardly call a car with just a pan roof and metallic paint "well spec'd" either. If you're happy with base spec then yes, but as a Golf caters for all tastes and needs, it soon becomes even more expensive once you start adding a few other bits on such as larger wheels and audio.
Looking at the brochure from this time in 2016 the non PP base price is £3k less on all GTI's than it is at today's starting base cost of a PP, and it was exactly the same in 2017 which saw no price rises. Then in 2018 the multiple price rises and model trimming started, the price jumps and they also trim off the 230 so only a PP can be bought, and in 2019 the manual and 3dr goes.
Go one step further back to 2015 and my brother bought a brand new 5 door manual (no options) and it cost him £23.5k after discount.
Thats not to say other brands have not done the same over the past few years, but the point Moots was making is a valid one... long gone are the days you could walk into a dealer and spend £25k(after discount) on a GTI and walk out happy. It's now much much closer to £30k (after discount) due to price rises and model trimming, and I suspect even more when the MK8 arrives.
They are well spec’d as standard. For a hot hatch. Add a pan roof and art velour and there’s nothing else you’d ever need.
£28k is cheap. For a brand new car with the performance of the GTI.
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They are well spec’d as standard. For a hot hatch. Add a pan roof and art velour and there’s nothing else you’d ever need.
£28k is cheap. For a brand new car with the performance of the GTI.
£28k is becoming the norm for a car with discount at or a little above the GTI, doesn't make it cheap.
Car inflation has been crazy over the last 10 years, and we can only blame the last 3 years on Brexit related exchange rates. You could get a new GTI for £19k in 2008/9 (last of the MK5s). Yes it had much less tech (tech is cheap now), but was more solid and had the most sophisticated multilink rear suspension set-up seen on a Golf.
If only my wages had gone up 50% in the last 10 years!
Options are so subjective too - Art Velours is divisive as an interior choice and for me, a pano roof is a good way to introduce rattles into the car. Other people think differently though. I'd rather upgrade wheels if the optional ones are markedly better looking than the standard fit.
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That’s what I mean. These days, £28k is cheap.
M2 - hot small coupe £54k with right options.
A45 - starting at £50k for new one.
RS4 - fast medium sized estate £70k
For reference, there are 1.5 EVO DSG R Lines on 68/19 plate for £28k...!
And another way to spend the same amount is this although you don’t get AID, pan roof or 245bhp... :grin:
(https://i.postimg.cc/qMdVsgvP/4887-F841-B6-F5-4331-8-EA1-C7-A3434-CC493.jpg) (https://postimg.cc/5jpR14vg)
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That’s what I mean. These days, £28k is cheap.
M2 - hot small coupe £54k with right options.
A45 - starting at £50k for new one.
RS4 - fast medium sized estate £70k
For reference, there are 1.5 EVO DSG R Lines on 68/19 plate for £28k...!
And another way to spend the same amount is this although you don’t get AID, pan roof or 245bhp... :grin:
(https://i.postimg.cc/qMdVsgvP/4887-F841-B6-F5-4331-8-EA1-C7-A3434-CC493.jpg) (https://postimg.cc/5jpR14vg)
Is it a bi metal GMT?
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Is it a bi metal GMT?
Everose GMT (a friend's not mine), so full rose not bi-metal hence the price tag of a well spec'd GTI :grin:
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Is it a bi metal GMT?
It's a Solid Everose Gold GMT. IMO the new breed of Rose Gold models are quite vulgar 'fashion' statements.
Add a pan roof and art velour and there’s nothing else you’d ever need.
You have quite the skill, knowing what everybody needs. VW are clearly missing a trick by wasting time offering options nobody needs, you should give them your crystal ball advice. :rolleyes:
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Add a pan roof and art velour and there’s nothing else you’d ever need.
You have quite the skill, knowing what everybody needs. VW are clearly missing a trick by wasting time offering options nobody needs, you should give them your crystal ball advice. :rolleyes:
To be fair, a pan roof isn't really necessary.
However, my crystal ball did say "I bet KMP would have a negative comment about the GMT' and it's good to see you're as predictable as you are argumentative on here :grin:
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Is it a bi metal GMT?
Everose GMT (a friend's not mine), so full rose not bi-metal hence the price tag of a well spec'd GTI :grin:
It will hold it's value a bit better than a GTI though not as well as a steel one :smiley:
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Is it a bi metal GMT?
Everose GMT (a friend's not mine), so full rose not bi-metal hence the price tag of a well spec'd GTI :grin:
It will hold it's value a bit better than a GTI though not as well as a steel one :smiley:
Very true! I have the blue-black one and it's been a good investment fashion watch.
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However, my crystal ball did say "I bet KMP would have a negative comment about the GMT' and it's good to see you're as predictable as you are argumentative on here :grin:
Glad I didn't disappoint.
It will hold it's value a bit better than a GTI though not as well as a steel one :smiley:
Very true! I have the blue-black one and it's been a good investment fashion watch.
I have a 'Batman'. Not bought as an investment, nor for fashion, just something that I enjoy and appreciate.
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However, my crystal ball did say "I bet KMP would have a negative comment about the GMT' and it's good to see you're as predictable as you are argumentative on here :grin:
Glad I didn't disappoint.
It will hold it's value a bit better than a GTI though not as well as a steel one :smiley:
Very true! I have the blue-black one and it's been a good investment fashion watch.
I have a 'Batman'. Not bought as an investment, nor for fashion, just something that I enjoy and appreciate.
Same here, worn it everyday since 2014.
Off topic but the Everose is a stunning watch and not at all vulgar in the same respect as the Yellow Gold version might be considered as such.
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However, my crystal ball did say "I bet KMP would have a negative comment about the GMT' and it's good to see you're as predictable as you are argumentative on here :grin:
I wouldn't say it was a negative comment - more a statement of fact really. They're lovely watches, but it's true that gold / bi-metal GMT's don't hold their value like their steel counterparts. I have a GMT 16700 with pepsi bezel - These are now fetching silly prices.
Sorry for being off-topic again :smiley:
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One of the Rolex forums has a thread for pictures of watches + cars. Seems there may be scope on here for one for cars + watches..........
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Rose or yellow gold are a bit :sick: for me, and most Rolexes are downright ugly. Prefer a stainless Omega speedmaster myself.
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Rose or yellow gold are a bit :sick: for me, and most Rolexes are downright ugly. Prefer a stainless Omega speedmaster myself.
Agree re pm Rolex though white gold looks the biz. Speedy is a nice piece - manual wind? :smug:
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One of the Rolex forums has a thread for pictures of watches + cars. Seems there may be scope on here for one for cars + watches..........
Defo need a watch/car thread :smiley:
Really should get this back on topic to the very good value GTI prices... OP has probably buggered off now! :grin:
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One of the Rolex forums has a thread for pictures of watches + cars. Seems there may be scope on here for one for cars + watches..........
Defo need a watch/car thread :smiley:
Really should get this back on topic to the very good value GTI prices... OP has probably buggered off now! :grin:
Or he could be watching silently in the wings. Or is that a wind up?
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One of the Rolex forums has a thread for pictures of watches + cars. Seems there may be scope on here for one for cars + watches..........
Defo need a watch/car thread :smiley:
Really should get this back on topic to the very good value GTI prices... OP has probably buggered off now! :grin:
He’s probably buggered off to buy a Rolex realising he wont lose £10k on it as soon as he’s signed the finance paperwork.
To balance the thread, I don’t own a watch, can’t afford one!
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Rose or yellow gold are a bit :sick: for me, and most Rolexes are downright ugly. Prefer a stainless Omega speedmaster myself.
Agree re pm Rolex though white gold looks the biz. Speedy is a nice piece - manual wind? :smug:
Nope, I have a Speedmaster 57. A treat to myself out of a redundancy payout. I did have a look at the manual wind moon landing Speedmaster, but my wife doesn't believe that the moon landings happened and referred to the watch as a film prop when I pointed it out in Goldsmiths!
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Is it a bi metal GMT?
Everose GMT (a friend's not mine), so full rose not bi-metal hence the price tag of a well spec'd GTI :grin:
Ah,I couldn't quite tell from the lighting on the picture-gold watches are not for me-Ill stick with my steel Sub.