used gti value's

[carl1]

Evo i will come to you next time if you say you can beat cash. Im interested by these facts educate me please give me an example of my car a Edition 35 3dr manual with metalic paint. I think retail was £27995. Maybe you can change my mind and make me more modern.

Thought as much typical salesman 

I don't understand I told you above an instant benefit of funding the car. Would you not want to save another £230? Typical naive customer........thinking everyone is out there it rip people off.

Whoopi do I want to save a damm site more than that. Talk real money, how much will a ed35 cost over 3 or 4 years.
Typical salesman

[gizzywizzy]

Surely the guy who is leasing with £20k in the bank still has to make monthly payments on his car. 

[evo1986]

So what are you expecting your car to be worth in 3 years time? That's if used car prices don't melt like they did early 2009. Also it will at that point be an old model, with an even older engine?

[R32UK]

Surely the guy who is leasing with £20k in the bank still has to make monthly payments on his car. 

that will be £20k in his bank rather than tied up in his car. The car will be worth the same 

[carl1]

if i did keep it that long which i won't i think it would be worth at least 12k, i do no more than 7k a year in it and i keep my cars mint, i would sell private, have done with 6 out of my last 7 Vw's


just to add you would have to pay at least 12k for a 5 year old mint ed30 with low mile today so id proberly get more than 12k after 3 years for mine.

[bcarlin]

my car is a 09 model, i am planning on keeping it another 2 years and i hope it will be worth minimum £10k

[evo1986]

Spot on reckon so let's say you got a deal on the new 35, over 3 years thats £14,000-£15,000 depreciation. So £389-£417 a month in depreciation. Would you not rather contract hire one for a similar payment with no risk that your car is potentially only worth £10,000 in 3 years therefor cost you more. Keeping your wedge of cash in the bank earning money as well. Also getting 3 years road tax as well : )

Simples.......

[PenguinGTI]

Spot on reckon so let's say you got a deal on the new 35, over 3 years thats £14,000-£15,000 depreciation. So £389-£417 a month in depreciation. Would you not rather contract hire one for a similar payment with no risk that your car is potentially only worth £10,000 in 3 years therefor cost you more. Keeping your wedge of cash in the bank earning money as well. Also getting 3 years road tax as well : )

Simples.......

So roughly speaking both fronting up cash and paying per month will result in similar levels of financial expenditure.

But with cash there's the cold hard fact that if your income stops, you own your vehicle. Whereas with any other method of payment, the car is legally owned by another party.

Surely the guy who is leasing with £20k in the bank still has to make monthly payments on his car. 

that will be £20k in his bank rather than tied up in his car. The car will be worth the same 

That's a fair answer, but the fact remains that the individual making payments will still have spent similar levels to the individual who paid cash at the end of the example 3 year period, but have had no real security over the vehicle.

[PenguinGTI]

Answer this.

If someone pays cash for the vehicle, who owns the vehicle.

If someone pays in monthly instalments, who owns the vehicle.

...

I prefer to own my vehicle.

[carl1]

Not really no cause i got near enough 2k off any how. Going off Vw solutions on a ed35 27.5k.  
8k down (near enough max you can put down)
35 payments @ 334.48 = 11706.8
acceptance fee 125
total price spent dont purchace at end £19831.8   If decide to purchace payment of £11365.8 plus £60 fee, total £31072.6
if i sell mine for 12k its cost 14k if i keep cost a smidge over 26k