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

[adekil]

Mines a company car through salary sacrifice, which means I pay the BIK, monthly lease (slightly discounted) plus full personal insurance costs so I would probably be better off going for PCP and take the car allowance towards it. But this way if I was to move or lose job I pay nothing further.

[evo1986]

The Guaranteed values in my opinion on GTD are way to high and I can foresee quite a lot being handed back because they will have no equity or be in negative. Lease and contract hire companies are throwing these cars out by the dozen because GTD/GTI allocation is way more available than it used to be.

£15,000 residual on a 5 door dsg in 3 years time 10k per year........ who's going to pay £17,000 retail price for a 3 year old one when you can get a new one out the box for only £8-£9000 more?

[monkeyhanger]

The Guaranteed values in my opinion on GTD are way to high and I can foresee quite a lot being handed back because they will have no equity or be in negative. Lease and contract hire companies are throwing these cars out by the dozen because GTD/GTI allocation is way more available than it used to be.

£15,000 residual on a 5 door dsg in 3 years time 10k per year........ who's going to pay £17,000 retail price for a 3 year old one when you can get a new one out the box for only £8-£9000 more?

I was quite surprised to see my 27 month old Scirocco 170TDI GT with a sticker price of £18k at my dealership after trade-in. I thought Scirocco prices had softened a lot over the last year or so. I have always thought that used VW prices are generally stupidly high (especially GTI/GTD), the main reason I buy them new. I always wondered why someone would pay 75% of RRP  for almost a 2.5 year old car rather than 90% of RRP for a discounted new one.

As per your comments, it seems crazy, but those prices do seem to be the norm in my locality. £15k in part-ex/GFV on a GTD does seem to fit that model, but you're the dealer - what do 3 year old MK6 GTDs go for right now at yours? That might be a good indicator, even though the MK7 GTD is significantly better than the MK6 and the MK5 170TDI GT/GT Sport was never really a GTD in the trim/appearance department.

GFV does look great when you can get a GTD for effectively the same cost as a GT 150TDI over 3 years because of the clearly better GFV (56% vs 47%), makes me wonder who would get the GT rather than the GTD on a 3 year ownership basis.

The norm for GFV is to very slightly underestimate true value so you have "equity" for the next car, as a bit of a hook. VW will have cocked up big-time if they don't have that "hook" and you give the car back, free to pursue any other marque of car without thinking you're chucking away that usual equity.

[evo1986]

The difference with MK6 GTI/GTI was the fact allocation was so limited. For example we used to be able to order 1-2 per month of Mk6 GTD/GTI now if I wanted to I could order every golf we have as a GTD. Therefor there is going to be hundreds of these cars on the used car market in 2-3 years time unlike the MK6 which there is simply no where near as many.

Mental contract hire deals and insane GFV's on these cars are meaning we are selling more of these than any other golf trim. Your right why would you buy any other diesel golf, I had a customer order a GTD because once he added parking sensors to an SE 2.0 tdi 150 ps a GTD was hardly any more per month more.

All I am saying is be prepared to have no deposit going towards your next car.

Its great to allow us to get MK6 customers into Mk7's but we wont be able to get customers out of there agreements as easily.

[2014GTi]

Will therefore GTi have better return as they will sell in far less numbers compared to the GTD's?
I heard that for every 3 GTD's only 1 GTi is sold 

[monkeyhanger]

The difference with MK6 GTI/GTI was the fact allocation was so limited. For example we used to be able to order 1-2 per month of Mk6 GTD/GTI now if I wanted to I could order every golf we have as a GTD. Therefor there is going to be hundreds of these cars on the used car market in 2-3 years time unlike the MK6 which there is simply no where near as many.

Mental contract hire deals and insane GFV's on these cars are meaning we are selling more of these than any other golf trim. Your right why would you buy any other diesel golf, I had a customer order a GTD because once he added parking sensors to an SE 2.0 tdi 150 ps a GTD was hardly any more per month more.

All I am saying is be prepared to have no deposit going towards your next car.

Its great to allow us to get MK6 customers into Mk7's but we wont be able to get customers out of there agreements as easily.

That'll be VWs loss. For me, the great residuals were the icing on the cake for the GTD. They seemed so tightly allocated in the beginning, when ordering in March, then my dad and mcmaddy ordering GTDs from the same dealership and the staggered wait time between all our orders. They do seem to be coming thick and fast now though.

[Peeair]

The norm for GFV is to very slightly underestimate true value so you have "equity" for the next car, as a bit of a hook. VW will have cocked up big-time if they don't have that "hook" and you give the car back, free to pursue any other marque of car without thinking you're chucking away that usual equity.

So how much do VW in reality underestimate the GFV by?

[evo1986]

Will therefore GTi have better return as they will sell in far less numbers compared to the GTD's?
I heard that for every 3 GTD's only 1 GTi is sold 

Quite possibly but the road tax haters love the GTD.

[CraigW]

Will therefore GTi have better return as they will sell in far less numbers compared to the GTD's?
I heard that for every 3 GTD's only 1 GTi is sold 

That sounds about right to me. I've seen hardly any GTI's to date but have seen several GTD's on the road. I can imagine that the R will be a very rare beast indeed

[dubber36]

£15,000 residual on a 5 door dsg in 3 years time 10k per year........ who's going to pay £17,000 retail price for a 3 year old one when you can get a new one out the box for only £8-£9000 more?

Someone that doesn't have an extra £8-9000 more to spend and that has an aversion to borrowing money.