Cancelling

[allycat45]

Stick in there Ricepop, it will be worth it when it arrives. We have all been through the frustration and anger but it does all disappear when your shiny new car is unveiled in front of you.

Finish the marathon, get the medal, get the GTD !

[DougL]

I kind of agree that you should stick it out. I would think that your exasperation will evaporate once the car arrives. I have been a silent, non-complaining sufferer unlike many on here. I am no fan of Volkwagen UK and try to avoid all their dealers like the plague. If it weren't for the lovely service only MJ Warner in Hertfordshire, I wouldn't be buying a VW at all. I ordered through a broker as I couldn't bear the nasty lowlife, fawning, ill-informed, unhelpful, badly-dressed, chavvy, unctious salesmen in at least three of VW's home counties dealers. Sorry if this is over-the-top, but VW dealers are truly, truly awful in this country.

[p3asa]

Did you cancel then?

[Snoopy]

I can understand if he did.
I can understand peoples views after they got their car too but thise may change in the coming years as the newness and exclusivity wares off.
In 2 or 3 years time though he will not be exclusive or even months. (Ive seen quite a few GTDs now)
But the thoughts of the stress and anger will be there.
I waited 7 months for my mk6 and it still taints the experience. Far more so now many years down the line.

[EpicUsername]

I completely understand. I'm a little less patient than you so I binned my order after a few weeks when I was told it had already been pushed back 2 months. Then the implications of buying a brand new car set in and I decided to go second hand again. Got a 2009 A3 TDI for £9k with full Audi service history. Drove it away that day and have been extremely pleased with it so far. Ok it doesn't drive as nicely as the GTD but for over £15k less I can accept that lol.

Like Bill said you know what you want better than anyone else. The GTD is a fantastic car (although not without its problems judging from some of the posts) but saying you may or may not feel better once you've driven it away wouldn't be enough for me to throw that massive chunk of money at it.

[Ricepop]

Its all gone quite.........

No I haven't cancelled yet. I was quite angry about the progress on Monday, I have learnt that making decisions when you are angry almost always results in the wrong decision.

I have spent considerable time working through the figures to try and make up my mind, it turns out that the Mk 7 will be £4000 more expensive than a Mk 5 over 3 years providing that the Mk 5 never needs any repairs and the Mk 7 is worth £2000 more than the GFV (with haggling over a new car).

This doesn't really help as it is the figure you think you can swallow for a new car.

I did look on eBay last night and found the Mk7 GTDs are worth a fortune.

Listers in Stratford are selling one like mine without the satnav but a DSG with 1000 miles on it for £30k

This is £5K more than I am paying.

It also looks like the GTD is going to be worth considerably more than a GTI on the second hand market.

I think the point is that I can easily afford a new car (its only £230pm) and its the waiting that is driving me nuts.

For now I am not going to cancel, give it 10 minutes and I will be cancelling again probably.

[dubber36]

I have spent considerable time working through the figures to try and make up my mind, it turns out that the Mk 7 will be £4000 more expensive than a Mk 5 over 3 years providing that the Mk 5 never needs any repairs and the Mk 7 is worth £2000 more than the GFV (with haggling over a new car).

How the hell do you work that one out? At best the GTD will be worth 55% of it's original price when it's 3 years old. Meaning it will depreciate by £11,250 over that time. How ever much is the Mk5 that you are considering if it's going to drop £7,250 over the same time? Mk5's should have leveled out by now, so I can't see the cost of ownership being that much.

I did look on eBay last night and found the Mk7 GTDs are worth a fortune.

Listers in Stratford are selling one like mine without the satnav but a DSG with 1000 miles on it for £30k

This is £5K more than I am paying.

There is a big difference between what cars are actually "worth" and what Listers ask for them. Just say someone paid £30k for a car from them, then asked them for a valuation to buy it back in 12 months time. I bet they wouldn't see £20k for it.

[monkeyhanger]

Ricepop:

£4k more expensive over 3 years? Have you taken everything into account there, like the value in driving away the MK7 with 4 shiny new tyres, new brakes that won’t need touching, having £20 or £30 a year tax (unless you are 5 door DSG) vs £165 a year for a MK5 170TDI, hopefully with better mpg (eventually!). I think there’s at least a grand there to consider in the MK7’s favour without delving into mpg gains and very likely decent insurance savings. I wouldn’t count on nowt going wrong on the MK5 either – the reassurance of that 3 year warranty on the MK7 has got to have some discernible value to you.

The GTD will be worth more than the GTI, maybe £1200-1500 more at 3 years old with average mileage – not a dealbreaker for many here.

I wouldn’t count on overinflated demo prices as a rock solid marker for residuals – they are trying their luck advertising full RRP for what is essentially a second hand car for people prepared to pay handsomely for jumping the queue.

I would count on £1000 more than GFV for a true p/x price against the next car – If you end up with £15500 p/x on a good condition 3 year old GTD, it will be up on the forecourt for £19k max, any more than that and what would be the point of anyone buying it over a new one? To get any more than £15500 p/x will be in lieu of true discount on the new car. If you are that hung up on the residuals then I would be minimising the options on your car, they will be worth almost nowt in the way of enhancing your p/x price - £3000 spent on options is £2400 - £2600 lost at trade in if you are only thinking about them in monetary terms.

What you can be sure of is that for the GTD you will not find a new £26k car with comparable performance, refinement and such generous standard equipment with cheaper running costs (thinking of ownership purely in cost of depreciation) – which is why I bought one. It is worth the wait

[Ricepop]

I took into account how much more a Mk 5 GTI will be to run in terms of Fuel economy, tax, insurance and MOT, also my fuel allowance.

Basically it turns out that a MK5 GTI will cost the same as a new GTD on a monthly basis,

Its only when its time to sell it on that you make any gains.

Like you say though the chances of a Mk5 never breaking down cant be taken for granted.

By the way the Mk 5 GTI I found is in absolutely perfect condition, it still has the new car feel.

I wouldn't buy any Mk 5 other than a GTI, I think all of the others are really boring other than the R32 which is just too expensive to run.

Also from experience, the depreciation only levels off when the car is worth £500.

I bought a 3 year old Corsa for £4k (a bargain I thought) and sold it after 6 months for £2500 (it was crap)

I am paying £25125 for the GTD with a GFV of £13500.

[monkeyhanger]

How the hell do you work that one out? At best the GTD will be worth 55% of it's original price when it's 3 years old. Meaning it will depreciate by £11,250 over that time. How ever much is the Mk5 that you are considering if it's going to drop £7,250 over the same time? Mk5's should have leveled out by now, so I can't see the cost of ownership being that much.

I would say to expect 60% of RRP back at p/x time on the standard spec car plus 10% of your options back on a GTD, considering the GFV is 56% (51% GFV on a GTI, so expect 55% back) – assuming average mileage of 10k per annum. If you consider that Ricepop maybe got 10% off RRP and it is worth 60% RRP at the end of 3 years in p/x for a 5 door manual then it will lose £7782 on what Ricepop will have paid. That MK5 will still depreciate because a 5 year old car is a lot more desirable than an 8 year old car. How much would a late (58/09) MK5 GT Sport 170TDI cost on the forecourt right now? Maybe £9k tops? You could probably pay £7k privately Add 3 years on (8.5 -9 years old) and the part ex price is likely to be £4.5k if you’re lucky.

So brand new GTD loses £7782 over 3 years but has at least £1000 cheaper running costs (coming with new tyres/brakes/massively cheaper tax/probable cheaper insurance), 5 year old MK5 170TDI loses £4500 if nothing requires replacing – There’s only about £2300 in it, or £1800 if you consider adding a decent warranty to give the same peace of mind on the MK5 as you will have on the new MK7. Consider you will hopefully get a reasonable 55mpg in the GTD vs 45mpg in the MK5, then you’ve shaved another £800 off.

£1000 more over 3 years to drive a brand new GTD (with it’s raft of extra equipment and refinement) over a 5 year old MK5 GT Sport 170TDI – this is surely the first truly “no brainer” out there? (£3k more if you buy the MK5 privately) Hang in there!

My MK5 GT Sport 170TDI was a great car for its time but massively unrefined compared to the MK7 with a harsh suspension ride, masses of tramping when trying to make a quick getaway from a busy roundabout. The MK7 is worth the extra £1k or even £3k (privately bought MK5) more. Figures like these prove time and again that it doesn’t cost much more to buy and run a new Golf GTI/GTD than it does to buy and run a 3 or even 5 year old example.