used gti value's

[R32UK]

What about modifications. I'm surprised no-one has brought this up yet. Lease companies don't allow you to do modifications because, at the end of the day, the car is their legal property.
Whereas with my car that I have paid for in full... there's no worries about any leasing company finding out because there's none involved in the first place.

depends if they specify you cannot in the first place 

[carl1]

hmmm some people keep moving the goalposts. Untill proven otherwise outright (not cash you have borrowed)cash is the cheapest, still waiting to hear from Evo.
I really do hope im wrong, will Vw borrow me 14k (no deposit and £388.88 a month  so i pay back exactly 14k) and i can either give them car back after 3 years and make further payments or i settle with a final payment of 12k and keep the car.
ive got a order for one if you can ED35 btw.

[dubber36]

What you need to remember is the dealers only have so much margin to play with. If they discount the car, their margin will reduce by the amount they knock off the price.

If you take out a finance deal, they will earn commision based on the amount of money the lenders will make on the deal, therefore increasing their margin. With this increased margin, you can possibly negotiate a better discount than you would if you were paying cash. However, when you add up the total amount that you pay back over the term of the deal, even with a better discount, it would still be more than paying cash on day one

I'm sure that they could lend you money at a rate of 0%, but this would cost them money and therefore reduce their margin. Someone, somewhere has to pay the interest on the borrowed money. If they did this, it would be unlikey that you would get any discount off the screen price.

I also doubt the any dealer would lend you just £14k with no deposit to drive away in a £28k car. It's value would drop by 20% the second they put the tax disc in it, leaving you with a massive amount of negative equity straight away. Even if it was possible to do that deal, personally I wouldn't want to spend £14k over three years and have nothing to show for it at the end.

[carl1]

^^^^ yes understandable about the deposit but some sort of deal in which i only pay 26k in total after 3 years (if i kept car) or  deposit plus a monthly payment over 3 years equivalent to  a depreciation of 14k (inc deposit) if decided to hand car back.
p.s this then would beat my cash buy of just over 26k for my ed35 3dr plus paint.(and even then thats saying id only get 12k for a private sale of a low milage mint ed35 when im pretty confident id get more)

[simonpolly]

Cash is king, end of story 

[GolfTi]

I really don't get this leasing/renting idea....


Why would you want to lease a GTI and not be able to enjoy it properly??

[dubber36]

^^^^ yes understandable about the deposit but some sort of deal in which i only pay 26k in total after 3 years (if i kept car) or  deposit plus a monthly payment over 3 years equivalent to  a depreciation of 14k (inc deposit) if decided to hand car back.
p.s this then would beat my cash buy of just over 26k for my ed35 3dr plus paint.(and even then thats saying id only get 12k for a private sale of a low milage mint ed35 when im pretty confident id get more)

No one is going to lend anyone any amount of money without seeing a return on it. If that's the sort of deal you are trying to get from Lee, it's no wonder you havn't had a call back.

[Jimmymature]

What about modifications. I'm surprised no-one has brought this up yet. Lease companies don't allow you to do modifications because, at the end of the day, the car is their legal property.

Whereas with my car that I have paid for in full... there's no worries about any leasing company finding out because there's none involved in the first place.

Yeah we just have worry about the insurance companies and dealers finding out....


Jim

[gman86]

There are pro's and cons to buying and leasing, but it all boils down to personal circumstance.

My car is on PCP at the moment, and I'm happy paying my monthly payment because it's income that I'm happy to put towards a car. I'm also happy knowing that if my car is worth less than the final payment, I can hand it back and walk away. The benefit being, if the car has equity, I can put it towards another PCP deal.

I've got savings, but I'd end up topping myself if I saw a balance of x pounds dropping to d pounds in a matter of years.

I see savings as something to pass on, use in dire emergency, or help fund my elder years. Not to plough into something that's going to be worth 30% what I paid for it in a couple of years.

[carl1]

^^^^ yes understandable about the deposit but some sort of deal in which i only pay 26k in total after 3 years (if i kept car) or  deposit plus a monthly payment over 3 years equivalent to  a depreciation of 14k (inc deposit) if decided to hand car back.
p.s this then would beat my cash buy of just over 26k for my ed35 3dr plus paint.(and even then thats saying id only get 12k for a private sale of a low milage mint ed35 when im pretty confident id get more)

No one is going to lend anyone any amount of money without seeing a return on it. If that's the sort of deal you are trying to get from Lee, it's no wonder you havn't had a call back.

Exactly my my point against all these claims of lease, pcp contract hire or whatever they are called are the cheapest way to buy a gti (in my case ED35). Thats why i bought mine cash. I understand people not buying outright cash as i wouldn't if it skint me out. So ultimatly in leymans terms cash is cheapest until proven otherwise.