Financing your new Gti and where from???

[mojo555]

Just a quick question, i am looking at swapping to a gti, (would like the r but there is no way i can afford) i have looked into financing from the dealers but can't get anywhere near the payments i want...

Just wondering if i would be better buying from somewhere like drive the deal or haggling for discount at the dealers, what are peoples thoughts and experences regarding finance and discounts etc..

Thanks
Kev

[mojo555]

Seraching through previous posts found a little info about carfile, anyone had dealings with them???

[Jimble]

Have a look at this thread matey:
http://www.golfgtiforum.co.uk/index.php?topic=124236.0

Just for info i'm taking vw finance at 4% flat rate after a bit of haggling which i thought was quite good.

[mojo555]

Just taken a look thanks...

Seen uk car broker they are cheap i just need to find out more about them....

[JonnyG]

I have just got a PCP type deal on my new R at 6.4% APR with Clydesdale Bank.

10% deposit minimum...downside is low final balloon payment and highish monthly payments, but over the whole term the low APR makes it quite a good package.

On a 5dr DSG Gti a 3 year PCP lease purchase would be about £426 per month on a £22,200 loan (after 10% deposit) with a GFV final payment of around £9,730 (APR 6.4%).  You do not have the option of handing the car back though to get this low APR (you either have to make the final payment or part ex the car) 

PM me if you want contact details.

[Hartside]

Just for info i'm taking vw finance at 4% flat rate after a bit of haggling

What does the APR work out at on this. I'm busy trying to way up whether to get a loan or dealer finance. Best loan I can see at the moment is 7.9% APR

[pom]

have a look at contract hire, the gti's start at around £300 per month +vat. You wont be able to lose the vat like a business but its still cheaper. deposit is from 3x payment down.

Pom

[BrigGTi]

The VW finance I agreed on was a 30% deposit over three years with a final payment of around £10K.  Works in at 7.5%APR.
The 30% deposit was the maximum they would accept but they would have accepted less.  Bigger the deposit, lower the monthly payments tho.
Contract hire seems as though you pay out a lot per month and the car is never yours?  Am I right?  Or do you have the option to buy at the end of the term?

[pom]

contract hire you pay the depreciation essentially. At the end of the 1, 2 or 3 year term you get another brand new one.

Pom

[p3asa]

contract hire you pay the depreciation essentially. At the end of the 1, 2 or 3 year term you get another brand new one.

Pom

It is definitely something I'm thinking of doing in the future as it is literally no different to paying a monthly payment for 36 months then trading the car in and starting again with another 36 monthly payments.
Also less hassle trying to get rid of your present car.