GTI Dealer Discounts?

[ROO1]

£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? 

If they want a change. From my extensive experience with pcp's, paying a huge deposit helps you to lose it at the other end.

[monkeyhanger]

The solutions always gets you on the interest. With a car like the GTD/GTI having such a high guaranteed future value you will always be paying interest on a large proportion of the car's cost, unlike a bank loan where the proportion of your monthly payment going towards interest really wanes after years 1 and 2.

If you're going to keep this car for 5 years or more then a personal loan makes more sense - the whole car paid off in 5 years, opposed to the solutions route where you might pay a bit less each month but at the end of year 3 you've only paid off 45% of the car (the depreciation). Solutions if you change every 3 years, bank loan if you plan on keeping it 5 years.

I'm going to be made redundant in either Sept/Oct 2014 or June 2015, but i'll come out of it with about £50k redundancy  At the moment i'm used to paying £410 a month for my Roc. Part of me is erring towards taking out a 2 year solutions deal so i'm still paying a high amount (with £5k down) and pay the GFV off with my lumper, or do I leave it at 3 years, only paying about £270 a month, and then pay off the car as soon as I get my lumper? 2 years Solutions will cost me less interest at a steeper repayment rate.

[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? 

If they want a change. From my extensive experience with pcp's, paying a huge deposit helps you to lose it at the other end.

What do you mean if they want a change?

[Bill_the_Bear]

What do you mean if they want a change?

Step up to an R?

[p3asa]

What do you mean if they want a change?

Step up to an R?

   But the whole point of the post was who in their right mind would just hand the car back and walk away??
They can still trade it in and buy an R and have 100,000 miles on it and not be penalised

[mcmaddy]

probably not the best way from me but I'm going down the solutions route and then after three years I'll decide what to do. to be honest with the VW finance being 6.4% bank loans are not much cheaper plus with solutions you can get lower price service pack.

[matchboy]

What do you mean if they want a change?

Step up to an R?

Exactly what I'll be doing in 3 years.

[Bill_the_Bear]

probably not the best way from me but I'm going down the solutions route and then after three years I'll decide what to do. to be honest with the VW finance being 6.4% bank loans are not much cheaper plus with solutions you can get lower price service pack.

Good point.  But maybe I can haggle them down on the service pack... I'll throw in a sob story about how traumatic it has been waiting for the GTI for 6 months when they promised it would be ready in July. heh heh heh

[evo1986]

The solutions always gets you on the interest. With a car like the GTD/GTI having such a high guaranteed future value you will always be paying interest on a large proportion of the car's cost, unlike a bank loan where the proportion of your monthly payment going towards interest really wanes after years 1 and 2.

If you're going to keep this car for 5 years or more then a personal loan makes more sense - the whole car paid off in 5 years, opposed to the solutions route where you might pay a bit less each month but at the end of year 3 you've only paid off 45% of the car (the depreciation). Solutions if you change every 3 years, bank loan if you plan on keeping it 5 years.

I'm going to be made redundant in either Sept/Oct 2014 or June 2015, but i'll come out of it with about £50k redundancy  At the moment i'm used to paying £410 a month for my Roc. Part of me is erring towards taking out a 2 year solutions deal so i'm still paying a high amount (with £5k down) and pay the GFV off with my lumper, or do I leave it at 3 years, only paying about £270 a month, and then pay off the car as soon as I get my lumper? 2 years Solutions will cost me less interest at a steeper repayment rate.

You can also lower the optional final payment so pay off more per month so less to find at the end of the agreement.

[monkeyhanger]

You can also lower the optional final payment so pay off more per month so less to find at the end of the agreement.

You can, and I did just that with my current car, seeing my GFV drop from about £12900 to £8900. My only worry with doing that is that maybe VW being generous with the GFV right now (£14400 for me on a standard 5DR GTD manual with metallic paint and no other extras). If I go to change in 3 years and in reality the market won't hold up to £14400 trade-in value, perhaps true p/x value is £13k, I can just walk away. If I effectively overpay and say the GFV drops to £10k as a result and I get £13k p/x, i've chucked away £1400 to maybe save £200 interest in going via the overpayment route.

What's the current p/x value of a mk6 GTD, 3 years old, good condition with 10k miles on the clock? How does that compare with the GFV that Solutions would have banged out against normal rates of repayment (not overpaying)?

At 2 years old in June, I got £15,500 p/x against my 170TDI Roc vs £17k got for my 2 year old 140TDI GT Roc in 2011. I paid considerably less for the 140TDI Roc as it was bought when VAT was 15% and the 140 has always been cheaper than the 170. It seems that 4.5 years into the Roc's lifecycle, they are holding onto their value less than they were at 2.5 years into it.