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Model specific boards => Golf mk7 => Topic started by: Pretzel on 03 March 2020, 20:01

Title: Sudden influx of low mileage used Gti's on Das WeltAuto
Post by: Pretzel on 03 March 2020, 20:01
A lot of used low mileage Gti's 7.5 appeared on the Das WeltAuto website today.

Obviously the Mk8 is imminent so they are keen to move stock but what is the likely source of cars about 10 months old with less than 3,000 miles on the clock?  VWUK cars or lease, unlikely to be private purchases.
Title: Re: Sudden influx of low mileage used Gti's on Das WeltAuto
Post by: mike roberts on 03 March 2020, 20:55
Similar to mine I guess. I've got one of the oddball pre-WLTP MK7.5s before they shut the factory and order books.

I'm assuming like this...

VW push along a load of cars with the customer orders and stockpile them. These are all registered and given to VW staff to run around in, which are then dropped into the dealer network. Sorry, Sir, we don't know when you'll get a new one, why not have one of these??

So, there'll be a load of the last batch of GTIs to tempt people into rather than waiting for a MK8 GTI??

Title: Re: Sudden influx of low mileage used Gti's on Das WeltAuto
Post by: monkeyhanger on 03 March 2020, 20:59
^^ Maybe VW are starting to do short term leases to generate used stock?

My consulting boss gets a new Kia every 6 months through some specialist profession corporation lease lease. All to feed the nearly new stock of his.supplying dealership. Maybe something similar going on?

They need to give the dealerships something to sell in that 4  months or so between new 7.5s ceasing production for the UK and the first 8s coming through.

Ford used to have an employee scheme whereby you could run a Ford for nowt (I'm talking 25 years ago!) if you kept chopping it in every 6-12months. You'd buy it on an interest free loan and then chop it in for what you paid for it. The used cars used to go to dealerships or "Frog Island" where employees family/friends and associated contractor employees could buy them at great prices. I really wanted an Escort Cosworth when I was 20. I could have afforded the car from Frog Island, but not the insurance!
Title: Re: Sudden influx of low mileage used Gti's on Das WeltAuto
Post by: mike roberts on 03 March 2020, 21:04
I'm down the road from Bentley, so know a few people there. After a few years you get an allowance for a short term car (6 months or xxxx miles) with super strict ownership terms. There's "deals' given on certain cars that have high demand in the used network.

They're generally very good used buys, as they've been kept so well.
Title: Re: Sudden influx of low mileage used Gti's on Das WeltAuto
Post by: skippy on 03 March 2020, 21:15
I noticed that a 67 plate Non Performance car I checked out at my local dealership last September is still for sale, albeit it has been moved within the network. The only difference now, is that it is being advertised for £4K less than 6 months ago!

Title: Re: Sudden influx of low mileage used Gti's on Das WeltAuto
Post by: mike roberts on 03 March 2020, 21:22
100+ TCRs appeared almost overnight, did the used price of those no favours.
Title: Re: Sudden influx of low mileage used Gti's on Das WeltAuto
Post by: SRGTD on 03 March 2020, 21:50
I'm down the road from Bentley, so know a few people there. After a few years you get an allowance for a short term car (6 months or xxxx miles) with super strict ownership terms. There's "deals' given on certain cars that have high demand in the used network.

They're generally very good used buys, as they've been kept so well.

Mercedes run a similar scheme (or they certainly used to) for their staff - they can have a new Mercedes or Smart car every six months at preferential rates. The Mercedes / Smart arrangement also had very strict ownership terms.
Title: Re: Sudden influx of low mileage used Gti's on Das WeltAuto
Post by: evo1986 on 03 March 2020, 22:51
Yes VW do and have done a 6 month contract hire for employees for set retailer groups that want to opt into the scheme.

6 months based on 1000 miles per month

For example at the moment you could have a Polo GTI plus for £209 a month  :shocked:
Title: Re: Sudden influx of low mileage used Gti's on Das WeltAuto
Post by: dubber36 on 04 March 2020, 09:09
20 something years ago, I used to be a salesman at a Fiat dealership.

We were offered these sort of schemes. I got my Dad a Brava on PCP. £500 down, £14 a month for a year then chop it in with about £1000 equity in it.

I never had one, in fact many of us would prefer to not have a company car at all. instead we would ride around in whatever used car had a tax disc in it.
Title: Re: Sudden influx of low mileage used Gti's on Das WeltAuto
Post by: ar899 on 04 March 2020, 11:24
ex hire cars?
Title: Re: Sudden influx of low mileage used Gti's on Das WeltAuto
Post by: Hertsman on 04 March 2020, 12:46
There is a few TCR on there that do not seem to have depreciated too much given some have mileage up to 5000 - Obviously before any deals can be had but they asking good prices on the sticker.
Title: Re: Sudden influx of low mileage used Gti's on Das WeltAuto
Post by: Exonian on 05 March 2020, 15:54
VW UK are obviously booting all the mk7.5’s off company fleet now through the closed auctions.
The first mk8’s are already on UK soil so the 7.5’s are surplus now.
Funny how they’re still just about in 7.5 production run down when the 8 is already in full swing! There always used to be a bit of a gap.
Title: Re: Sudden influx of low mileage used Gti's on Das WeltAuto
Post by: jaceyboy on 05 March 2020, 16:08
Hmm might have a gander for a TCR for the misses
Title: Re: Sudden influx of low mileage used Gti's on Das WeltAuto
Post by: dubber36 on 05 March 2020, 18:10
I've been 'invited' to an event at South Hereford where they are offering certain new cars at cost price. I'm guessing these will be mostly surplus Golfs that they don't even own, but will sell at cost just to try and sign up a finance deal.
Title: Re: Sudden influx of low mileage used Gti's on Das WeltAuto
Post by: monkeyhanger on 05 March 2020, 18:27
I've been 'invited' to an event at South Hereford where they are offering certain new cars at cost price. I'm guessing these will be mostly surplus Golfs that they don't even own, but will sell at cost just to try and sign up a finance deal.

At cost events usually mean they sell the car at base discount price. The price they would get it for if they didn't have any customer satisfaction or volume sales discount - not their actual cost price. I wouldn't bet on more than 10% discount.
Title: Re: Sudden influx of low mileage used Gti's on Das WeltAuto
Post by: barrym381 on 06 March 2020, 04:49
Hmm might have a gander for a TCR for the misses

Some really low mileage ones in local Arnold sharks

https://www.arnoldclark.com/used-cars/search?payment_type=monthly&sort_order=monthly_payment_up&min_engine_size=1945&fuel_type%5B%5D=Petrol&page=9&make_model%5Bvolkswagen%5D%5B%5D=golf
Title: Re: Sudden influx of low mileage used Gti's on Das WeltAuto
Post by: dubber36 on 06 March 2020, 09:30
At cost events usually mean they sell the car at base discount price. The price they would get it for if they didn't have any customer satisfaction or volume sales discount - not their actual cost price. I wouldn't bet on more than 10% discount.

I don't know, and won't know. I shan't be going. I only go shopping when I need or want something.
Title: Re: Sudden influx of low mileage used Gti's on Das WeltAuto
Post by: fredgroves on 06 March 2020, 10:41
They (TCR's) are all over the place looking around.

Seem to be about 30k, which isn't bad but the residuals are still absolutely terrible.