Author Topic: Anyone test drive an R and GTi and still choose the GTi  (Read 17654 times)

Offline monkeyhanger

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Re: Anyone test drive an R and GTi and still choose the GTi
« Reply #40 on: 27 August 2014, 18:28 »
You should be able to get GFV figure from your supplying dealer to sell the car to them, or a grand more in part ex towards another. In a year's time the MK7 GTI/GTD will be too new for them to find in meaningful supply from outside the dealership network.
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Offline Mr Savage

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Re: Anyone test drive an R and GTi and still choose the GTi
« Reply #41 on: 27 August 2014, 18:32 »
So, how do you go about handing your GTI back early while it's on Solutions and changing it to an R?  :laugh:

No, seriously. How?  :evil:
« Last Edit: 27 August 2014, 18:34 by Mr Savage »
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Offline mk7gti

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Re: Anyone test drive an R and GTi and still choose the GTi
« Reply #42 on: 27 August 2014, 21:50 »
My GTI has just turned 1. I could see an R in the drive in 12 months time :smiley:


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Offline monkeyhanger

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Re: Anyone test drive an R and GTi and still choose the GTi
« Reply #43 on: 27 August 2014, 22:03 »
So, how do you go about handing your GTI back early while it's on Solutions and changing it to an R?  :laugh:

No, seriously. How?  :evil:

They'll propose a current value for the car that the dealership is comfortable to accept and VW solutions will give you a settlement figure (there's a 2 month interest penalty) that'll seem low and then present you with an interest "rebate". If you have any equity in the car between the settlement and what the dealership will give you, you can use it towards your new R and then you start again.

You will lose a small fortune in less than 2 years though, At about 2 years old the big initial hit has been watered down and further depreciation should equal out the capital part of your payment from thereon in.

The difference in what a dealer will give you at 6 months, 12 months and 18 months is negligible. If you have a £26k GTI that's 6 months old, the dealership would probably be looking to get £25k for it, which means they will probably give you £20-21k for it (they want to make 20-25% on the used lot). They'll give you a similar amount at a year old, but at 2 years old you might be looking to get £16-17k. Every month you own the car you'll be making around £250 equity in your payment. Keep the car 2 years rather than 1 and you will have an extra £3k equity in it vs the car having lost £4k on what they'll give you vs 1 year old when the car has lost £5-6k (on what they'll settle with you for) vs your £3k equity.

Look at the solutions examples for 18 months and 2 year PCP, the GFV is the same for both.

If you are looking to chop the GTI in and they don't crucify you on the settlement, you might be better walking away from the dealer and doing one of those 2 year £250pm leases. If you've added a load of options on your GTI then  you've pretty much lost that money. The dealership will give you next to nowt for them but will capitalise on those extras when they sell it used. A loaded £29k GTI will probably only fetch you £500 more than the figures above, but they'll probably be looking for £27k sticker price rather than £25k for a vanilla one.
« Last Edit: 27 August 2014, 22:05 by monkeyhanger »
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Offline Mr Savage

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Re: Anyone test drive an R and GTi and still choose the GTi
« Reply #44 on: 27 August 2014, 22:56 »
Thanks Monkeyhanger. I always got confused with the equity thing and whether or not you get money towards your next car if you choose to change it for another car at the end of the agreement. Is it that equity that acts as your deposit for your next car then?

Yes mines pretty loaded so i'd lose a ton. Or well, it's no big deal, i'm happy with my GTI I just found it hilarious the R is cheaper and would never have anticipated that or i'd have waited.  :sick:
Current - MK7 Golf GTI - Tornado Red, 5 Door, DSG, Performance Pack, Dynamic Chasis Control, Panoramic Sunroof, Discover Navigation, Dynaudio.

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Offline monkeyhanger

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Re: Anyone test drive an R and GTi and still choose the GTi
« Reply #45 on: 28 August 2014, 08:27 »
Thanks Monkeyhanger. I always got confused with the equity thing and whether or not you get money towards your next car if you choose to change it for another car at the end of the agreement. Is it that equity that acts as your deposit for your next car then?

Yes mines pretty loaded so i'd lose a ton. Or well, it's no big deal, i'm happy with my GTI I just found it hilarious the R is cheaper and would never have anticipated that or i'd have waited.  :sick:

Yes, your "equity" used as deposit on the next one is the positive difference between what they are willing to give you in p/x vs GFV if you went full term, or what you owe on it if you didn't wait the full term. If you were to change right now, you'd likely be in deficit unless you put a decently sized deposit down when you bought.

Looking at your options, you still might not lose too much - PP is considered a model designation for the whole car, rather than a £1000 extra that retains very little, you'll see a sizeable lump of that back (or you should), DSG might not lose a drastic amount, and your Nav unit might be transferrable to the new R (for a swap out with the R's standard unit - it's certainly feasable). You'd only be kissing the sunroof and DCC money goodbye completely.
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Offline p3asa

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Re: Anyone test drive an R and GTi and still choose the GTi
« Reply #46 on: 28 August 2014, 10:48 »
The Audi dealer quoted me £17600 GFV on an S3, but said Audi are very conservative on theirs, and to expect £3k on top of that...


That statement reminded me of when we were setting up our first mortgage and every Financial Advisor we spoke to were very keen for us to go with an Endowment mortgage and basically refused to discuss a repayment one.

It went along the lines of "After your endowment finishes, you will end up with more money and be able to buy a wee sports car with"  That was literally the script of each FA. And we know what happened with endowment mortgages  :shocked:

Why am I mentioning this? Well if the Audi dealer are so sure you will be offered an extra £3k on top of the GFV why aren't they upping the figure or at least closing the gap? Is it not a line to get you to buy?

The salesman who sold me my Mk6 told me I should realistically expect £1500 as equity on a deposit for a new car. Now that car was in pristine condition. All machine polished and spotless and the very same salesman offered me £500 over the GFV. He never even looked at the car. In fact several dealers never even looked at the car.

I personally think when the salesman asks for your registration and permission to access your finance account, they are looking for that magic GFV figure and offer you slightly over to give you a feeling you've made some money on the car. If they were honest then that should be the last thing they look at.

I'd be curious to see what they do offer.
If they are anything like the majority of the Audi dealers I dealt with when buying the A1 then I wouldn't hold my breath.
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Offline monkeyhanger

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Re: Anyone test drive an R and GTi and still choose the GTi
« Reply #47 on: 28 August 2014, 12:12 »
The Audi dealer quoted me £17600 GFV on an S3, but said Audi are very conservative on theirs, and to expect £3k on top of that...


That statement reminded me of when we were setting up our first mortgage and every Financial Advisor we spoke to were very keen for us to go with an Endowment mortgage and basically refused to discuss a repayment one.

It went along the lines of "After your endowment finishes, you will end up with more money and be able to buy a wee sports car with"  That was literally the script of each FA. And we know what happened with endowment mortgages  :shocked:

Why am I mentioning this? Well if the Audi dealer are so sure you will be offered an extra £3k on top of the GFV why aren't they upping the figure or at least closing the gap? Is it not a line to get you to buy?

The salesman who sold me my Mk6 told me I should realistically expect £1500 as equity on a deposit for a new car. Now that car was in pristine condition. All machine polished and spotless and the very same salesman offered me £500 over the GFV. He never even looked at the car. In fact several dealers never even looked at the car.

I personally think when the salesman asks for your registration and permission to access your finance account, they are looking for that magic GFV figure and offer you slightly over to give you a feeling you've made some money on the car. If they were honest then that should be the last thing they look at.

I'd be curious to see what they do offer.
If they are anything like the majority of the Audi dealers I dealt with when buying the A1 then I wouldn't hold my breath.

I totally get where you're coming from with this post. £3k expectations on top GFV does make Audi seem extremely cautious - why can't they put their money where their mouth is?

On the other hand, compared to the GFV on the R, the S3 does look genuinely too low for the car. There'll be fewer of them made than the R, you have the "premium" of the Audi badge and that sumptuous interior over the R. It makes sense to me that if a £30k R is worth £18100 at 3 years according to the GFV, then a £31k S3 should be worth £20k after 3 years. Of course i've also considered the leverage they can hold over you when you're looking for a discount on your next car: "you want £3k over GFV for your p/x and 10% off the new car?"

When I gave DTUK Andrew's S3 a look over and tapped a few panels - it did seem more solid than the MK7 Golf. I think the use of Aluminium on a lot of their panels has kept the gauge thickness up. I much prefer the old solid feel of pre MK7 Golf, for the sake of 23Kg saved. The new Golf does feel a bit more hollow when you tap the panels, and i'm sure they'll ding/dent easier than before.

There was a lot of sales patter/bullsh!t coming from Mr Audi at my local dealership. I said i'd be after an S3 or an R next time, but the S3 interior may swing it if a deal can be done. He made out that they pretty much only share 20% of the tech and components. Inside I was scoffing at that remark - save for the better interior, some Aluminium panels and minor software differences to the way the engine/haldex/electric steering works, they're undoubtedly the same car under the skin.

It does make me laugh when I chop a car in and i've kept it pristine, they give it a cursory glance at most and it looks twice as good as some of their used stock of the same age (scuffed alloys, dings, dents, bumper scuffs etc). When it's in the dealership network, the monetary difference between pristine and reasonable condition seems negligible. When I look to chop my car in, I have a good look around their used lot and expect to get 80% of their sticker price as p/x value. If they expect to get more than 125% of my p/x value on the used lot then I consider them to be greedy.

My current GTD isn't under VW finance, but I know what the 2 year and 3 year GFVs were quoted to me prior to purchase and I expect any dealership buying my car off me to match those figures at the very least (and realistically only expect another £500 at best), especially at 2 years (next Sept) when I doubt there'll be many used 2 year old ones to choose from on the used lot and they haven't yet left the dealership network.

If i'm part-exing within the VAG group I'd expect a bit more. At the end of the day, the salesperson can be as friendly as they like, but while i'm negotiating the cheapest cost to change for my next car they are not my friend.

If I can lease an R for £100 a month less than leasing/buying (without finance) an S3, I think i'd forego the better interior of the S3 for that level of saving.
« Last Edit: 28 August 2014, 12:22 by monkeyhanger »
Whey ya bugger! It's finally arrived after an 8 month wait....
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Offline matchboy

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Re: Anyone test drive an R and GTi and still choose the GTi
« Reply #48 on: 01 September 2014, 10:45 »
To answer the original question, for me the answer is yes - so much so that I found a dealer that had an R available in the spec I wanted and I get it in a few weeks  :cool:  I love my GTI (it's the best GTI yet) - but the R is something else - couldn't resist  :evil:
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Offline CraigW

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Re: Anyone test drive an R and GTi and still choose the GTi
« Reply #49 on: 01 September 2014, 11:08 »
To answer the original question, for me the answer is yes - so much so that I found a dealer that had an R available in the spec I wanted and I get it in a few weeks  :cool:  I love my GTI (it's the best GTI yet) - but the R is something else - couldn't resist  :evil:

Nice one Mark  :smiley: :smiley: