Finance figures on Golf R?

[Ninja]

Haha! True! If I was in a position to comfortably buy one, I'd be all over it. I could afford it now, but couldn't justify the balloon payment or handing the keys back. :-(

Enjoy it though fella! Slightly jealous!

[Jimmy Filth]

I think the way my life is going to go when it does come to it my next car will be a Passat.  Wait, a Passat CC R-line will take a childs seat, right….

[monkeyhanger]

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.

You can't sell a car that isn't yours. Throughout the solutions term, the owner is VW UK. You'd have to buy it from them (balloon payment and all) to sell it. You will have some equity in that car for your next one (in what they'll offer you in part ex vs balloon payment) if you make all of those monthly payments.

I have never known a VW dealer to not offer you more than is needed to clear your balloon payment against your next one, to hook you in to buying another from them with your "equity" which is likely to be £2000 on a basic R with a £13k balloon payment if they advertise it for £19k on the used forecourt at 3 years old (depending on condition/mileage).

[jivemonkey]

You can't sell a car that isn't yours. Throughout the solutions term, the owner is VW UK. You'd have to buy it from them (balloon payment and all) to sell it. You will have some equity in that car for your next one (in what they'll offer you in part ex vs balloon payment) if you make all of those monthly payments.

Whilst technically true, the vast majority of people I know operate this way. They advertise the vehicle as normal, but inform the potential buyer that there is X amount of finance outstanding with VW Finance. Most of the time they're aware of this and how it works and if they wanted to go through with the purchase happy to speak to VW Finance directly and pay the first lump to them (depending on how much there is remaining on finance) and anything else up to the agreed sale price is paid to the seller. As long as VW get their money before you hand over the keys/documents, they don't care and will happily take money from a 3rd party's debit card/ bank account.

[karlak]

You can't sell a car that isn't yours. Throughout the solutions term, the owner is VW UK. You'd have to buy it from them (balloon payment and all) to sell it. You will have some equity in that car for your next one (in what they'll offer you in part ex vs balloon payment) if you make all of those monthly payments.

Whilst technically true, the vast majority of people I know operate this way. They advertise the vehicle as normal, but inform the potential buyer that there is X amount of finance outstanding with VW Finance. Most of the time they're aware of this and how it works and if they wanted to go through with the purchase happy to speak to VW Finance directly and pay the first lump to them (depending on how much there is remaining on finance) and anything else up to the agreed sale price is paid to the seller. As long as VW get their money before you hand over the keys/documents, they don't care and will happily take money from a 3rd party's debit card/ bank account.

Yep, I have sold cars before the end of a PCP agreement.

  The new owner clearing the finance with the company themselves at point of sale, or I have cleared it beforehand and shown/given the buyer proof.  Having a PCP does not stop you selling a car on

[Mark V GTD]

Yes me too - its quite normal so long as its disclosed to the seller and finance company fully paid by (the buyers) debit card before car handed over.

[Jimmy Filth]

I discussed this with when I was getting the details. As long as both parties are aware it is fine. At the end of the day the finance people are getting their money and the buyer is getting their car. It actually works out better for the seller as they're getting the full money for the car.

[corgi]

I discussed this with when I was getting the details. As long as both parties are aware it is fine. At the end of the day the finance people are getting their money and the buyer is getting their car. It actually works out better for the seller as they're getting the full money for the car.

Just be careful, though, as far as your credit score is concerned especially if you are looking at getting a mortgage in the next couple of years or so. Many financial institutions will reduce your credit score for ending credit agreements early - even if you were not in arrears... This will likely not impact your ability to get credit to buy a car but banks and other mortgage providers are much more careful these days when it comes to home loans...

[MAW73]

I may look to change cars again soon.

I'm a bit torn between a new M135i and the Mk7 Golf R at the moment. Been offered the following on a lease deal on the R from G2L.

New Volkswagen Golf Hatchback 2.0 TSI R 3dr DSG
+ Metallic Paint
+ 19” Pretoria Alloy Wheels
+ Winter Pack
+ ACC Adaptive Chassis Control
+ Discover Navigation PRO
+ Keyless Entry
+ Advanced Telephone Connection
36 Month Contract
Initial Rental followed by 35 subsequent monthly payments
12,000 Miles per Annum
Non-Maintained Contract
£400.51 Including VAT – Personal Contract Hire

The cost of the above spec'd Golf R is £37,000. I won't be pushing the button until I have shot in the R though. I'd also like to get the monthlies closer to £350 ideally.

[corgi]

+ Discover Navigation PRO

To me this is a very expensive option for limited value... Do you really want to spend £1700 on satnav when a top spec Tom Tom is more functional and costs less than £300?

+ Advanced Telephone Connection

Remember this deletes the MDI port (I am not aware that this has been rectified) so I wouldn't bother - I does improve the phone signal a bit but on balance I wouldn't have spec'd it

Delete those two and that should reduce your monthly payments a bit and get them closer to your target...