Financing your new Gti and where from???

[Neil gti]

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.

Only problem iv'e found with contract hire is that when the vehicle is returned they try and sting you with excess milage, any minor damage, etc.
Or that is on fleet vehicles ie vans, i know cars get looked after better but when i returned a contract hire van, i got a £1500 bill 

Which has pretty much put me off and the car is not yours so cannot do any mods etc

[R32UK]

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.

This is the route I went down, as it allows me to change cars every 2yrs which is ideal for me. They will usually offer you the car for bottom book price once the lease comes to an end (dependent on demand of course). Although technically this is not actually allowed with lease cars I am told, which means if you do wish to purchase, it will have to be done by someone you trust.

My deal is no longer available but to give you some idea I am on a 3+23 £239pm + vat. Everything else inc all mods belong to me and are declared to my insurance, but will obviously be removed at the end of the lease if I give the car back. The only thing I pay for during the lease is the service cost. 


.... and as Neil said they do try to hammer you at the end of the lease but I am more than wise to this now so know exactly how the car should be returned to them.

[mojo555]

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.

This is the route I went down, as it allows me to change cars every 2yrs which is ideal for me. They will usually offer you the car for bottom book price once the lease comes to an end (dependent on demand of course). Although technically this is not actually allowed with lease cars I am told, which means if you do wish to purchase, it will have to be done by someone you trust.

My deal is no longer available but to give you some idea I am on a 3+23 £239pm + vat. Everything else inc all mods belong to me and are declared to my insurance, but will obviously be removed at the end of the lease if I give the car back. The only thing I pay for during the lease is the service cost. 


.... and as Neil said they do try to hammer you at the end of the lease but I am more than wise to this now so know exactly how the car should be returned to them.

Who is this  with mate

[mojo555]

Johnny G

this does seem like a good deal however i need to try and get the payments down to around £380 pm at most...maybe contract hire is the only way, although not wanting to do it that way...

Now if i was getting the r for that i may push it...

Kev

[mojo555]

http://www.broker4cars.co.uk/PCP-Payment-Calculator/Car.jsp?showOptionsTab=FALSE&selectedPeriod=48&selectedMileage=10000&enteredDeposit=3500&firstTime=FALSE&seenOptionsPage=FALSE&63647=on&82385=on&64572=on&87233=on&87010=on&70423=on&85908=on&20191=on&6387=on&39468=on&87235=on&selectedManufacturer=VOLKSWAGEN&selectedModel=GOLF+HATCHBACK&selectedVariant=2.0+TSI+GTI+5dr

What do you think of this???

[R32UK]

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.

This is the route I went down, as it allows me to change cars every 2yrs which is ideal for me. They will usually offer you the car for bottom book price once the lease comes to an end (dependent on demand of course). Although technically this is not actually allowed with lease cars I am told, which means if you do wish to purchase, it will have to be done by someone you trust.

My deal is no longer available but to give you some idea I am on a 3+23 £239pm + vat. Everything else inc all mods belong to me and are declared to my insurance, but will obviously be removed at the end of the lease if I give the car back. The only thing I pay for during the lease is the service cost. 


.... and as Neil said they do try to hammer you at the end of the lease but I am more than wise to this now so know exactly how the car should be returned to them.

Who is this  with mate

VW fleet

[mojo555]

How do i find out what offers they have now???

[Jimble]

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

Sorry Hartside, it's 8.1%apr.

[JonnyG]

Johnny G

this does seem like a good deal however i need to try and get the payments down to around £380 pm at most...maybe contract hire is the only way, although not wanting to do it that way...

Now if i was getting the r for that i may push it...

Kev

I agree on the monthly payments but at the end of the day you should be quids in at the end,  when you part exchange / sell the car (as the car's value should be a lot higher than the final payment ... and you would gain at the end compared with a similar PCP deal with lower monthly payments and higher final value)

I've never done Contarct Hire as I don't fully understand a few things, such as

1.  Can you insure the car with any company (seeing as you're not the V5 registered keeper) and would it cost a lot more to insure as a result ?
2.  What if you wanted to get rid of the car after one year  ?  (easy on PCP but would there be a big penalty with contract hire) ?

[mojo555]

well had a very good deal offered to me today so just got to try and sell mine....

Anyone after a mint Leon cupra K1 in white??