Poll: How was your your new GTI/ GTD funded?

[dubber36]

You are correct to an extent MH, but there are many year old Polo's and Golf's that are ex rental cars. ERAC UK LTD on the log book is one in particular to look out for.

[JBirchy]

PCP for me. Although I agree with the others in that if you prefer to own the car outright at the end, it's not the best solution having to pay the balloon payment (even though with strong residuals, you've a fair chance of selling privately for higher than the GFV)...

I will be changing the car every 3 years, and I also am quite happy knowing that I'll never own the car (it's a depreciating asset after all) so offsetting a chunk of the value to lower the monthly payments is exactly the kind of thing I'm looking to do.

I also managed to negotiate a 12% discount from the list price so hopefully I'll be in a good position come trade in time.

[stuart.cameron]

PCP for me, which is paid for by my car allowance from work.

[flog]

I would have though shotting B&W should have made it onto the Poll?

[FNJ-GTI]

Brought mine outright with cash as I don't have any children and so have lots of disposable income 

[dubber36]

Brought mine outright with cash as I don't have any children and so have lots of disposable income 

Brought?

[V5Ade]

I also managed to negotiate a 12% discount from the list price so hopefully I'll be in a good position come trade in time.

The way I understand it is the GFV will be the same for someone who didn't get a discount. Your 12% will just keep your deposit and monthly payments lower.

[FNJ-GTI]

Brought mine outright with cash as I don't have any children and so have lots of disposable income 

Brought?

apologies, was never done learnt proper with spelling.

[JBirchy]

I also managed to negotiate a 12% discount from the list price so hopefully I'll be in a good position come trade in time.

The way I understand it is the GFV will be the same for someone who didn't get a discount. Your 12% will just keep your deposit and monthly payments lower.

Yes kind of, but there is another element... In theory (in my brain  ), given I will be part exchanging after 2.5/3 yrs, the finance settlement figure should be lower than the current value of the car at any given point in time, due to the fact the financed amount at the beginning of the agreement is much less than the list price of the vehicle (GFV is calculated from list AFAIK).

This is of course, unless my thinking is completely flawed and I've misunderstood the PCP. 

However if I'm right, then come trade in time I will have a much better chance of having a small amount of equity to line up the next deposit. This only works with cars that tend to have higher GFV's and hold their value pretty well (which the GTI historically does).

[Exonian]

Loose change I found under the sofa.

A short term low mileage PCP would possibly suit my needs better if the interest rate was low enough as I like to change cars quite frequently but as I modify my cars from factory spec (wheels and other minor reversible upgrades) and have read the small print on the paperwork I've always decided it best I fund it other ways.