Bye-bye GTi hello R

[monkeyhanger]

From my position it just doesn't make sense financially for me to trade up to an R at this moment.  The GTI cost me roughly £28,000 and is probably worth perhaps £20k - £21k (I don't know I'm just guessing). I still have approximately £7,000 of outstanding finance on the car. A discounted R would probably cost me close to £30k considering the options i would want. Just too much to lose after only 14 months ownership.

In addition, the release of the R was definitely a doh!! moment for me when VW announced the prices, i couldn't quite believe it was so closely priced to the GTI. I don't want to make the same mistake twice if they release the R400 and it's not anywhere as much as i am anticipating.

What could they add to the R400 that the R doesn't already have to bump up the price? It deserves Recaros or similar, add £2k over current seats, 19" wheels as standard - add a grand, bigger brakes and beefier clutch, add another £800, engine and turbo upgrades, add £2k. I think we could be talking £36k all done on the 3 door manual (if there is a manual).

For most changing to an R early, the biggest killer is loss on options, after the heavy year 1 drop in value on the basic car, most people on Solutions have a monthly payment that clears enough capital to clear the depreciation in the same period. A£350pm GTD  is paying £100 interest and £250 capital against £250.a month ddepreciation. Whether it be 18 months or 3 years in, their equity in the car is likely to be about the same on a fair p/x price.

[monkeyhanger]

Don't know the cost of 98RON so went with the standard price. lol seems a bit more like it at 67 quid more per month ha

Spoke with VW solutions, outstanding settlement fig of £17,985 with a year old GTD at 15k miles. Be keen to see what it would be worth, so looks like could have some equity only a year in after a measly deposit to begin with. As some GTDs on VW are going for 23,500 similar to mine. Well aware they have been marked up and not what I could look to achieve if I sold private

That'll be your lack of options (if your banner is complete), they can double your losses on a car in the short term. Those are "right now" figs you're quoting, expect sticker price of yours in March to be £22500, and to owe £16500.on it then. If you expect Orangewheels prices for the R you'll probably be able to get £19k in p/x. £2500 equity and £3600 discount off a basic R, you'll be needing to find or finance £23900 for a basic 3 door R on those terms, and GFV is £5k more than a GTI or £4k more than a GTD, so that R will cost you £5900 depreciation +£5k ish interest over 3 years - about £305 a month. A 5 door is pennies more as the GFV goes up to cover almost all it's cost, and metallic paint. will add about £17 a month.

[matchboy]

From my position it just doesn't make sense financially for me to trade up to an R at this moment.  The GTI cost me roughly £28,000 and is probably worth perhaps £20k - £21k (I don't know I'm just guessing). I still have approximately £7,000 of outstanding finance on the car. A discounted R would probably cost me close to £30k considering the options i would want. Just too much to lose after only 14 months ownership.

In addition, the release of the R was definitely a doh!! moment for me when VW announced the prices, i couldn't quite believe it was so closely priced to the GTI. I don't want to make the same mistake twice if they release the R400 and it's not anywhere as much as i am anticipating.

Is that what you're holding out for Craig?  It does look a beast tbf, but I'm still not sure about that yellow stripe at the front!  Not tempted by the TTS/TTRS or the M235i?  I do like the look of the new TTS, especially in yellow (funny, given I don't like the yellow stripe on the R400!) but as I've got a little 'un I still need a "family" car, and those rear seats in the coupe don't look exactly roomy!  Also, as much as the R400 would be insane on the road, for me 300bhp is enough 

[virginVWman]

Don't know the cost of 98RON so went with the standard price. lol seems a bit more like it at 67 quid more per month ha

Spoke with VW solutions, outstanding settlement fig of £17,985 with a year old GTD at 15k miles. Be keen to see what it would be worth, so looks like could have some equity only a year in after a measly deposit to begin with. As some GTDs on VW are going for 23,500 similar to mine. Well aware they have been marked up and not what I could look to achieve if I sold private

That'll be your lack of options (if your banner is complete), they can double your losses on a car in the short term. Those are "right now" figs you're quoting, expect sticker price of yours in March to be £22500, and to owe £16500.on it then. If you expect Orangewheels prices for the R you'll probably be able to get £19k in p/x. £2500 equity and £3600 discount off a basic R, you'll be needing to find or finance £23900 for a basic 3 door R on those terms, and GFV is £5k more than a GTI or £4k more than a GTD, so that R will cost you £5900 depreciation +£5k ish interest over 3 years - about £305 a month. A 5 door is pennies more as the GFV goes up to cover almost all it's cost, and metallic paint. will add about £17 a month.

Yeh GTD is basic spec, didn't feel I really needed anything else. I am still waiting for a call from VW Chester so I can advise them off settlement figures, speak about a PX figure and he equity in the car as a deposit so I know how much a month I would be. As if it comes back at over 420 I think il hold off another year.

[monkeyhanger]

Also, as much as the R400 would be insane on the road, for me 300bhp is enough 

. You say that now......

I agree, but 2 years ago I'd have thought 300ps was insane. If the R400 comes in with a GFV of £22k and is only £36k, it'll only be about £64 a month more than an R on solutions! 

[monkeyhanger]

VirginVWMan

If they come in much over £340 a month for 3 or 5 door basic with metallic paint and your expected equity then they're giving you a low p/x price, worse than I can achieve locally. Obviously that £340pm goes up quite a bit if you dip into the options heavily.

[CraigW]

From my position it just doesn't make sense financially for me to trade up to an R at this moment.  The GTI cost me roughly £28,000 and is probably worth perhaps £20k - £21k (I don't know I'm just guessing). I still have approximately £7,000 of outstanding finance on the car. A discounted R would probably cost me close to £30k considering the options i would want. Just too much to lose after only 14 months ownership.

In addition, the release of the R was definitely a doh!! moment for me when VW announced the prices, i couldn't quite believe it was so closely priced to the GTI. I don't want to make the same mistake twice if they release the R400 and it's not anywhere as much as i am anticipating.

Is that what you're holding out for Craig?  It does look a beast tbf, but I'm still not sure about that yellow stripe at the front!  Not tempted by the TTS/TTRS or the M235i?  I do like the look of the new TTS, especially in yellow (funny, given I don't like the yellow stripe on the R400!) but as I've got a little 'un I still need a "family" car, and those rear seats in the coupe don't look exactly roomy!  Also, as much as the R400 would be insane on the road, for me 300bhp is enough 

It all depends on price really Mark. If it's way north of £35k then it will be out of my budget. If its round that figure then it will be extremely tempting. Could be a nice 40th birthday present in a couple of years  :grin:The TTS is starting at £39k which is just way too much and in fact i've read many reviews suggesting that it's not as good as the R, God knows how much the TTRS would be 

As Matt says, 300bhp a few years ago would have seemed a crazy amount in a small hatchback and tbf it is still a a crazy number but you now have the RS3 and A45 AMG pushing out close to 350. These cars are getting more and more powerful 
 

[virginVWman]

VirginVWMan

If they come in much over £340 a month for 3 or 5 door basic with metallic paint and your expected equity then they're giving you a low p/x price, worse than I can achieve locally. Obviously that £340pm goes up quite a bit if you dip into the options heavily.

Lol orangewheels wtf!!!! They offered me as a px anywhere between 16-18 which is just f*cking ridiculous considering I bought this brand new when the rrp was like 26k and my settlement is 17,500. So ive lost like 10k in a year?! He said he could wipe the slate clean my buying car off me for the outstanding settlement cost but id have to shove down 4000 for a 360 a month (white r with leather). Il speak to lad at VW Edinburgh as I think this is a p*ss take

[wigit]

i found the R with 300bhp a little boring, now its around the 360 mark its getting interesting

R400 will be a more driver focused car and no doubt with a limited supply so will always be desirable over a longer term

[monkeyhanger]

Lol orangewheels wtf!!!! They offered me as a px anywhere between 16-18 which is just f*cking ridiculous considering I bought this brand new when the rrp was like 16k and my settlement is 17,500. So ive lost like 10k in a year?! He said he could wipe the slate clean my buying car off me for the outstanding settlement cost but id have to shove down 4000 for a 360 a month (white r with leather). Il speak to lad at VW Edinburgh as I think this is a p*ss take

That is a piss take. They should never be offering less than GFV for the time on a p/x, although the 18 month GFV figure on solutions is a joke. Its the same figure at 18 months and 24 months. Take the 24 month figure and up it by £1500, that comes out at £17200, wow, still low - the 5 doors are £500 more. Current GFV figures have softened by about £500 since I got my GTD. To be on equal terms with my locally arranged deal you'd have to be getting £18000 for yours. Did you pay full RRP for your GTD? I didn't initially get a great deal, but my extra 2.5 month wait at a fixed p/x price really helped my equity. Between that and my actual discount, it was like £2600 off RRP. They would have your car up on the used lot for £22k in March, willing to accept £21k, they should do at least £18k and Orangewheels discount. Privately you might get £20k if you can find someone willing to drop that kind of money without finance (difficult).