Finance figures on Golf R?

[mojo555]

Just got some figures for leasing. To be honest, it is working out cheaper to go the PCP route at this stage.

Jimmy
What have you been quoted for leasing? There are some very good deals about at the moment...

[Jimmy Filth]

The leasing figues I'm getting for the spec I want (Golf R, metallic paint, winter pack, keyless entry) are coming out at £330pcm on a 6+23 contract.  That's the best I've got so far with Blue Chilli.


As far as PCP goes I've managed to get the above spec for £5000 and £293pcm, or £320pcm to include servicing (the servicing includes new tyres, brake pads and the such).  That's a 36 month term with a £16,000 balloon payment.


I've heard a rumour that at least one person has got PCH on £230pcm on a 6+23,but I suspect that must be a business contract.

[Ninja]

Jesus, a £16,000 balloon payment? Christ almighty that's nearly a new focus ST!

Wow. Shocked!

[mojo555]

Are they plus vat?

[Ninja]

Think I'd rather just do HP. Must be around 500 per month over 36 months?

[mojo555]

If the £230 is true surely it's got to be plus vat and a standard 3 door...

[mojo555]

Think I'd rather just do HP. Must be around 500 per month over 36 months?

I agree however £500 a month is just out of some peoples reach, although I'm sure the best way!

[Jimmy Filth]

On a £5000 deposit the car I've spec'd up on HP is over £700pcm on 36 months.  The was the best deal I could get on HP was £800. 36 payments of £500 are only £18,000.

The £16,000 seems high, but if you look at a 3 year old 6R with decent mileage, the cheapest you'll find one is £20,000, more likely between £22,000-£24,000.

The figures work for me.  All the prices for me inc VAT.

And to be fair, £320pcm isn't bad considering I don't have to ever service the car, pay for tyres or any maintenance.  The only thing I have to pay on top is petrol, insurance and tax for the 2nd and 3rd year.

[Ninja]

On a £5000 deposit the car I've spec'd up on HP is over £700pcm on 36 months.  The was the best deal I could get on HP was £800. 36 payments of £500 are only £18,000.

The £16,000 seems high, but if you look at a 3 year old 6R with decent mileage, the cheapest you'll find one is £20,000, more likely between £22,000-£24,000.

The figures work for me.  All the prices for me inc VAT.

And to be fair, £320pcm isn't bad considering I don't have to ever service the car, pay for tyres or any maintenance.  The only thing I have to pay on top is petrol, insurance and tax for the 2nd and 3rd year.

The thing is - at the end of it you're relying on what VW will give you. So if the car sells for £20000, they probably going to give you £18,000 at best, which means £2,000 left.

£2000 and giving back the car, just seems, in my opinion, a lot of wasted money.

To each his own, but I'm obviously not as financially well of as R buyers!

Hope you enjoy the car though matey, the R looks awesome!

[Jimmy Filth]

You make a good point, there are absolutely no guarantees, but worst case scenario is I hand the keys back and walk away. Reality is that at about two years, as long as the car doesn't depreciate too badly, I'll advertise the car for sale with an aim to selling it before the three years are up. Then I'll use that money to pay the remainder and whatever is left I'll put down again.

That is in an ideal world, but in the next couple of years I'm looking at marriage and mortgage so want to get this before then! Haha.