GTI Dealer Discounts?

[AAddict]

True, but ultimately you end up having to pay for it one way or the other!  Having a lower monthly does make it easier to save for the final payment though, or for some cash towards a trade.

Yeah six of one or half a dozen of the other, we all get served whichever way we pay

[Gryzor]

Yeah six of one or half a dozen of the other, we all get served whichever way we pay

Yup!  I just can't decide whether to go with my Options quote as it stands, leaving me with a healthy bank balance but the need to save up to make sure I can cover the final payment.  Or, use my whole car as deposit, and fund the balance through a regular bank loan.  It means I'd have less in bank, but once the loan is paid off, that's it, plus I could spread it over 4 years if I wanted to keep my outgoings the same.  Plus, a bank loan would save a significant amount of interest - almost 10% of my total finance amount.

[Bill_the_Bear]

Yeah six of one or half a dozen of the other, we all get served whichever way we pay

Yup!  I just can't decide whether to go with my Options quote as it stands, leaving me with a healthy bank balance but the need to save up to make sure I can cover the final payment.  Or, use my whole car as deposit, and fund the balance through a regular bank loan.  It means I'd have less in bank, but once the loan is paid off, that's it, plus I could spread it over 4 years if I wanted to keep my outgoings the same.  Plus, a bank loan would save a significant amount of interest - almost 10% of my total finance amount.

I figure that if you are able to pay a significant fraction up front but have no hope of getting the full ~£30k then the best bet is a low APR bank loan.  So that's what I've done.  Hopefully its not a terrible terrible mistake. 

[Gryzor]

I figure that if you are able to pay a significant fraction up front but have no hope of getting the full ~£30k then the best bet is a low APR bank loan.  So that's what I've done.  Hopefully its not a terrible terrible mistake. 

Taking everything into consideration, I need to finance about half of the total cost.  Like you I think I'll end up going with a low interest bank loan over 3 or 4 years.  It might leave less in my account to start with, but, it also means that what I have left each month is mine, and when the loan is paid off, that's it, no final payment to find.  It's the more sensible option for sure, and saves a massive amount of interest.

[Jimble]

I always think that the options route is good if you're definately going to change your car every 3 years as i'd hate to have the balloon payment hanging over my head if i wanted to keep it, if i couldn't save it for whatever reason then i'd need another loan to pay it off meaning the interest on the whole car gets daft.

[master_hayabusa]

I got 9% discount on my 5 door DSG Golf GTI. Saving me just under £2800. In fact, the deal was so good I was requested not to tell anyone else what the discount was

Extras are: Basic Sat Nav, PP, ACC, RVC

[Gryzor]

I always think that the options route is good if you're definately going to change your car every 3 years as i'd hate to have the balloon payment hanging over my head if i wanted to keep it, if i couldn't save it for whatever reason then i'd need another loan to pay it off meaning the interest on the whole car gets daft.

Yeah exactly, and I hope to keep mine for at least as long again as I had my Mk5 (8 years).  Just been working the numbers, and if I'm sensible about putting down more up-front, a bank loan over 4 years will be the same per month as solutions, but save me a fortune in interest.  It's not like I wouldn't have the money for the balloon payment, but I'd rather absorb cost up-front if I can so i know exactly where I stand each month.  Decision made I think!

[Jimble]

I always think that the options route is good if you're definately going to change your car every 3 years as i'd hate to have the balloon payment hanging over my head if i wanted to keep it, if i couldn't save it for whatever reason then i'd need another loan to pay it off meaning the interest on the whole car gets daft.

Yeah exactly, and I hope to keep mine for at least as long again as I had my Mk5 (8 years).  Just been working the numbers, and if I'm sensible about putting down more up-front, a bank loan over 4 years will be the same per month as solutions, but save me a fortune in interest.  It's not like I wouldn't have the money for the balloon payment, but I'd rather absorb cost up-front if I can so i know exactly where I stand each month.  Decision made I think!

Productive day for you then!

[Gryzor]

Productive day for you then!

That would be a fair comment!  I can sleep easy now, car is exactly as I want it, and the interest saving more than pays for the extras I threw on today

[p3asa]

£169 pm? thats cheap! I think i'd want more than 5000 miles a year though?

The mileage only comes into play if you are handing it back though and who in their right mind will hand the car back and walk away unless it has negative equity?