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Author Topic: Bye bye GTI  (Read 16667 times)

Offline Horney

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Re: Bye bye GTI
« Reply #30 on: 13 January 2009, 15:23 »
Youre biggest problem is your finance. You're not going to get much more than £15K for your car which leaves you with an outstanding balance on a car you don't own. In fact if it's on VW finance and not a personal loan you are going to have to prove you've paid it off before you sell it otherwise HPI will come back that it has outstanding finance on it.

I think you should keep it and continue paying for it otherwise you'll be even more out of pocket.

Nick
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Offline corgi

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Re: Bye bye GTI
« Reply #31 on: 13 January 2009, 17:20 »
I've got to agree. You will get nowhere near the settlement figure - I paid approximately that four months ago for my new, unregistered Edition 30. I won't tell you what I let my 04 Jag S-Type R for but it was painful  :cry:

It really pains me to say it... The £11K trade figure does not surprise me in the current market  :shocked:... based on that you'd be doing well to get the £15K suggested earlier  :shocked:.

I'd stick with the Ed 30 if I were you...
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Offline dubcruiser

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Re: Bye bye GTI
« Reply #32 on: 13 January 2009, 18:25 »
Quote from: Edition30 on 12 January 2009, 21:41
Quote from: AlanD on 12 January 2009, 19:17
If worried about cost an R32 isnt the most sensible thing you could buy . . . .

Yeah true, was abit of a joke anyway...

anyone know how much difference on road tax it is between a 2.0 tdi 140 fwd and the quattro?

Based on Audi Sportback Sport 2.0TDi

From Apr 2009 Band F = £125

Based on Audi Sportback Sport Quattro 2.0TDi

From Apr 2009 Band G = £150

I know the VW Golf with the same engine in 2WD form is cheaper to tax than the Audi...
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Scott

Golf GTi 180bhp 6 Speed 2003, Tornado Red, Electric Sunroof, Climatronic, Winter Pack, Black Leather, Santa Monica Alloys, Centre Arm Rest, 6 Disc Changer, R-Tech Remap (Now Sold)
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Offline No Golf Clubs at all

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Re: Bye bye GTI
« Reply #33 on: 13 January 2009, 19:21 »
Is your finance via bank personal loan or an hp finance deal specific to the car? If against the car you need to clear the full amount else the new buyer will be liable and you will end up in hot water.

If you go for something ridiculously cheap to insure, maintain and run such that your monthly outgoings reduce by a significant amount then you could justify selling your ed30 below your settlement figure.  Say a citroen c1 (sorry this painful) ... And running that "car" saved you say £200 per month then in one year you will have clawed back £2400 say.

The trap of negative equity eh? I bought vw cos I of retention values, of course all that has went tits up the world over, may just have to ride it out myself and keep the gti until the bitter end. Or downsize now and accept less for mine but also safe in the knowledge that I am paying less for it's cheaper and duller replacement.  Perhaps an economist can e plain the dynamics of this equation?
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Let the fun begin........Red Gti, full colour coding, DSG, Xenons, Winter pack, Lux pack, Highline, Sat Nav, Sunroof, Leather, Milltek, ABT rear valance, Goodyear F1 Asymmetrics....pescaras :-)

Offline dubcruiser

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Re: Bye bye GTI
« Reply #34 on: 13 January 2009, 19:24 »
Quote from: No Golf Clubs at all on 13 January 2009, 19:21
Is your finance via bank personal loan or an hp finance deal specific to the car? If against the car you need to clear the full amount else the new buyer will be liable and you will end up in hot water.

If you own a car which is financed against the car and not yourself, you are not allowed to sell it by law because you don't actually own it until the finance is cleared. The only way to sell a car which is on finance is to get a personal loan to clear the finance from the car or trade it in so the car goes back into the trade.
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Scott

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Offline R32UK

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Re: Bye bye GTI
« Reply #35 on: 13 January 2009, 19:59 »
in future you may want to go down the lease route like myself. Cant explain how chuffed I am that I dont own my car. Would have lost approx 11k over the time i have had it... and with things due to get worse, it could have been much more.

Now the only person that looses out when its value drops is VW! And I obviously gain as the car will be available at the end of the lease for a knock down price with one owner (ME!! :grin:)

It really couldnt have worked out better... apart from the fact that I worked out that my car costs me approx £700pm although that includes vat, insurance, and juice. :undecided:
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Offline dubcruiser

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Re: Bye bye GTI
« Reply #36 on: 13 January 2009, 20:03 »
For the sound of a Mk5 R32 that is £700 a month well spent!!!  :laugh: :laugh: :laugh:
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Scott

Golf GTi 180bhp 6 Speed 2003, Tornado Red, Electric Sunroof, Climatronic, Winter Pack, Black Leather, Santa Monica Alloys, Centre Arm Rest, 6 Disc Changer, R-Tech Remap (Now Sold)
Audi A3 Sportback S-Line 2.0T Quattro 2007, Lava Grey, Exclusive Line Black/Silver Leather, Heated Seats, Bose, RNS-e, Auto Lights, Auto Wipers, iPod Prep, Interior Light Pack

Offline carl1

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Re: Bye bye GTI
« Reply #37 on: 13 January 2009, 20:37 »
Quote from: R32UK on 13 January 2009, 19:59
in future you may want to go down the lease route like myself. Cant explain how chuffed I am that I dont own my car. Would have lost approx 11k over the time i have had it... and with things due to get worse, it could have been much more.

Now the only person that looses out when its value drops is VW! And I obviously gain as the car will be available at the end of the lease for a knock down price with one owner (ME!! :grin:)

It really couldnt have worked out better... apart from the fact that I worked out that my car costs me approx £700pm although that includes vat, insurance, and juice. :undecided:

yes but its not like your getting it that cheap,that r32 was around 25k new (no leather, front armrest and cruise if i remember), so then at a guess if you lease that car at 3 years its still going to cost you around 15k-16k (thats not inc road tax and petrol) and you still dont own it. then in 18 months when that car is3 years old its still going to cost around 7-8k to buy even in these bad times.
« Last Edit: 13 January 2009, 20:42 by carl1 »
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GTI manual PP, now sold  :-(

Offline No Golf Clubs at all

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Re: Bye bye GTI
« Reply #38 on: 13 January 2009, 20:53 »
if you have the mind set that your car is a set monthly expense then leasing is a way to go.  If I had bought my gti new with all the options it would have cost circa £26k some 3 years 4 months later I get offerred £9.5k for it !! factor that into the monthly cost and you soon get an appreciation of the futility of new car ownership. Another £412 per month btw!! Leasing just allows you to pay that depreciation and walk away at the end to get a new shiney fresh one and start again, without having the hassle of owning a big ageing lump of hard to shift metal....

Having said all that, last car I leased I got buggered for end of lease costs so be wary ....audi wanted about £1k for two scuffed alloys and a trolley ding!
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Let the fun begin........Red Gti, full colour coding, DSG, Xenons, Winter pack, Lux pack, Highline, Sat Nav, Sunroof, Leather, Milltek, ABT rear valance, Goodyear F1 Asymmetrics....pescaras :-)

Offline carl1

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Re: Bye bye GTI
« Reply #39 on: 13 January 2009, 20:56 »
does anyone know if you did lease your car for personal not business and you fell on hard times and could not pay, What happens then ?
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GTI manual PP, now sold  :-(
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