Author Topic: Advice needed on potential new GTD order  (Read 2202 times)

Offline noexcuse

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Advice needed on potential new GTD order
« on: 21 August 2013, 23:55 »
Hi Guy's First and for most  what a fantastic forum with users inputting lots of useful details. Keep up the excellent work very much appreciated.
I had ordered a GTD as a company car 2nd week in June. Was given a date of September delivery when I checked with VW it had a build date of 2nd week in October (cough cough) with delivery mid to end of November. I had read the forum's and the massive issue's of build week bumping and the fleet company only offering a loan car from November I decided to cancel.
With the worldly wise forum member's does the following purchase be feasible:-

5 Door GTD Manual, Solid Black.
Black Vienna Leather
Keyless
ACC
Dynaudio
Park Assist
Rear Side Airbags
3 Year Service Plan
+ Gap Insurance via ALA (they seem to be the most completive priced)

If I purchase via DTD would cost approx £26,479.00 (Discount of £3549). Looking at 3 year old GTD's with around 30,000 miles they are selling around the £16 - 17k mark.

Is this a realistic achievable sell price of a 3 year old GTD with the above spec ?
Are there any disadvantages with dealing via DTD vs VW retail dealer ?
Could I achieve a similar discount going direct to a VW retail dealer ?
Would be a cash deal (have some cash and remainder via Lloyds TSB Credit Card offering £11k cash advance 1.5% total interest over 2 years £165 !). No Part Exchange As wife will be using the current car. Would be looking to order for New 14 plate in March to maximise resell value (and being realistic of VW delivery with the current back log)

Thank you in advance

Offline Bill_the_Bear

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Re: Advice needed on potential new GTD order
« Reply #1 on: 22 August 2013, 02:03 »
Could I achieve a similar discount going direct to a VW retail dealer ?

I think it highly unlikely.  Some are struggling to get any significant discount at all when going direct to VW.

I'll leave the other questions to those more knowledgable than I.

Offline CraigW

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Re: Advice needed on potential new GTD order
« Reply #2 on: 22 August 2013, 02:47 »
£16-£17k seems fairly optimistic to me. I would have thought somewhere between £14-£15k would be more realistic however it depends if you are p/x or selling privately. Most options don't tend to add that much value onto the car when it comes to selling it.

As Bill said, your very unlikely to de £3.5k discount through a dealer just now as demand is far outstripping supply for these cars at the moment. Most dealers will struggle to get anywhere near broker prices.


Offline monkeyhanger

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Re: Advice needed on potential new GTD order
« Reply #3 on: 22 August 2013, 07:41 »
£16-17k in the used market is retail money - a dealership is going to want to make at least £2k out of the transaction, so p/x of £15k at 3 years old and average mileage is more likely (vanilla 5 door GTD GFV is around £14400), maybe £15600 (£600 in lieu of your options - options are nigh-on dead money at p/x time) if you're lucky.

You'll struggle to sell that car privately at £16k - the vast majority of people buying a car at that pricepoint want to do it through a dealer for reassurance on such an expensive buy, warranty coverage (dealer will most likely give a 1 year used warranty with it) and access to finance for the car - as well as being able to part ex what they already have.

A good part-ex price and £1200 discount is the best anyone seems to be getting directly via a dealer right now. If you want £3500 off that car then you'll have to go through a broker, and as you have no p/x then I wouldn't mess about haggling with dealerships.
I'm sure you'd have had your company GTD a lot quicker than you'll get one funding privately - you're probably talking Jan/Feb delivery for an order placed now, which should easily be delayed to the "14" plate if that is what you're after.

You might struggle with credit card financing though. Seeing as most credit cards take a chunk of the transaction between 3 and 5%, the dealerships impose an upper limit on how much credit card can be used to make a purchase, or be used towards a purchase. For my supplying dealership it is £2000.
« Last Edit: 22 August 2013, 07:56 by monkeyhanger »
Whey ya bugger! It's finally arrived after an 8 month wait....
MK7 R 5 door, manual, Lapiz Blue, Prets.