GolfGTIforum.co.uk
Model specific boards => Golf mk7 => Topic started by: ben1987 on 29 June 2019, 08:00
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Hi guys,
New member but long time reader.
I currently own a Golf but I’m looking at getting a new Golf on PCP. I was wondering if anyone could offer any advice on PCP? Having never used it before I’d be interested to know the pros and cons. I do about 20-25k miles a year. Any advice will be hugely appreciated, thanks.
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Hi
There is a guide here that covers most of the basics;-
https://www.moneysavingexpert.com/car-finance/personal-contract-purchase/
If there's anything specific you want to know, just ask and i'm sure the collective forum knowledge will try to oblige :smiley:
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Hi
There is a guide here that covers most of the basics;-
https://www.moneysavingexpert.com/car-finance/personal-contract-purchase/
If there's anything specific you want to know, just ask and i'm sure the collective forum knowledge will try to oblige :smiley:
Thanks. I noticed you have a 7.5 GTD, the same as what I’m looking at. How do you find it to run and live with
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Hi Ben, going from the other thread you say a GTD or R-Line.
Traditionally the GTD was quite cheap to PCP as Golf Diesels had rock solid residuals so the monthlies were reasonable on them, especially if you had a company car allowance.
Obviously the world has moved on a bit in the last 2.5 years so it’s worth checking out the petrol models monthly costs (including the GTI as they’re really good on fuel and run on the cheap normal unleaded).
Maybe check out the Polo too as it is a fair bit cheaper than a Golf and very nearly as big, shares a lot of tech and even the chassis is very closely related.
Depending on what discounts you can get PCP makes sense for your mileage. You’re not going to want to actually own an out of warranty high mileage car I’d imagine so you can ignore the balloon payment straight away.
I’ve never had a PCP but always surprise car sales people as I do understand how they work, an awful lot of punters walking in off the street don’t understand them a bit, they just get sucked in by the monthly payments. And the payments are what brings people in to them as they are flexible and can be tailored and/or massaged by the salesperson. You’ve done the right thing by doing your homework on the pros and cons first.
What I’ve found sales people recommend is taking it out over a longer period and chopping the car in before the term ends. I’d imagine that was even more relevant for a high mileage driver like yourself but might be wrong, maths never was my strong point!
There are plenty of people on here far more qualified and experienced than me on the specifics.
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Hi
There is a guide here that covers most of the basics;-
https://www.moneysavingexpert.com/car-finance/personal-contract-purchase/
If there's anything specific you want to know, just ask and i'm sure the collective forum knowledge will try to oblige :smiley:
Thanks. I noticed you have a 7.5 GTD, the same as what I’m looking at. How do you find it to run and live with
Very pleased with the car thanks. It's by no means perfect, but it ticks a lot of boxes. Good economy, lots of standard kit, comfortable and so far reliable. I was originally looking at an R Line or GT with the 150bhp diesel engine, but by the time i'd added all the options I wanted it ended up being more expensive than the GTD. Mine is a manual version, which is no longer available, only DSG cars are available now. I'm not sure how I feel about that as my 2 year lease will be up soon so i'm looking around to see what offers are around. I'd have no qualms about extending the lease on this one though if it made financial sense.
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Perhaps try looking at PCH deals, if you don't intend to keep the car after the hire period, they are often cheaper. Also, they can be easily searched across many suppliers using on-line sites, rather than having to go to a dealer and get a quote.
e.g. https://leasing.com/