Author Topic: Bye-bye GTi hello R  (Read 54349 times)

Offline virginVWman

  • Here all the time
  • ****
  • Posts: 364
Re: Bye-bye GTi hello R
« Reply #110 on: 23 September 2014, 16:13 »

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).

They said they could offer me what I have outstanding, but I then went on to glasses guide and said if I was looking to sell privately I could achieve "20,870 and from and as a trade in £18,900. I got the car for like £23,500 with a year of ownership and 2k down. I would really have no deposit, maybe a grand but I would have been hoping to have some equity in it...clearly not. Doesn't seem the R is a go yet anyway. Unless I get the 4k saving from bargaining hard to use as the deposit from getting 4k over my settlement figure and pay full rrp (so win win for everyone) and its only them 390 a month
« Last Edit: 23 September 2014, 16:27 by virginVWman »
Mk VII 3dr GTD in DBP
Fitted DTUK Stage 2 (CRD-T)

Offline Jammy1

  • Not said much yet
  • **
  • Posts: 95
Re: Bye-bye GTi hello R
« Reply #111 on: 23 September 2014, 17:02 »

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).

They said they could offer me what I have outstanding, but I then went on to glasses guide and said if I was looking to sell privately I could achieve "20,870 and from and as a trade in £18,900. I got the car for like £23,500 with a year of ownership and 2k down. I would really have no deposit, maybe a grand but I would have been hoping to have some equity in it...clearly not. Doesn't seem the R is a go yet anyway. Unless I get the 4k saving from bargaining hard to use as the deposit from getting 4k over my settlement figure and pay full rrp (so win win for everyone) and its only them 390 a month

Hi virginVWman,

I plumbed your car into CAP and it give a trade in value range of £17,150-£18,300.  CAP are generally considered to be more reliable than Parkers etc, I think the trade use them.

Personally I'd say that's about right, the big depreciation hit is always in the first year.  Even on cars that hold value well, I.e. the GTD, it probably breaks down very roughly to 30-33% lost in the first year then only a further 15-20% over the the remaining two years.

PS
That didn't include metallic paint, that must be worth at least a grand  :grin:
« Last Edit: 23 September 2014, 17:11 by Jammy1 »
Golf GTD, Tornado Red, 5dr, Manual, High Beam Assist, Park Assist, Keyless and Winter Pack.  Ordered 15/03/14.  Estimated BW22. Confirmed BW25.  Collected 17/07/14.

Offline monkeyhanger

  • Serious forum addict
  • *
  • Posts: 6,663
Re: Bye-bye GTi hello R
« Reply #112 on: 23 September 2014, 17:08 »
VirginVWman: If you've rang VW for a settlement, don't forget, that's a now settlement, you'll have probably shaved another £1500 capital off your settlement fee by March if you were ordering now for then. In March then, you'll owe about £16000, so £18000 p/x achieved is £2k equity (you could achieve that with my dealer no doubt, as I got £18500 for mine being 5 door). Add in your £3817 Orangewheels discount (I added in the discount for your leather and white paint) on 3 door manual, white with leather @£31875, and you should be at the equivalent of £5817 down as deposit, financing the other £26058 @ £358pm according to the solutions example following configuring your spec on the website (GFV=£18044, but that takes no account of your leather - expect £300 back on that).

You don't (usually) get a great deal both ends - a realistically low p/x for a heavy discount on the new one, or almost sticker price on the used lot for your p/x and nothing off the new one. Most dealers are happy to fall somewhere in between, giving you £2k less than used sticker price and maybe £1000/1500 discount on the new one so you feel you did alright both ends. If you stood your ground for £18k part ex and full Orangewheels discount, that's probably realistically achievable. Chester VW are looking to buy your p/x blind, on the assumption it's close to mint (and will still be in March), they should be persuaded to give you £18k to seal the deal, knowing full well they'll have it up for £22k then.
« Last Edit: 23 September 2014, 17:10 by monkeyhanger »
Whey ya bugger! It's finally arrived after an 8 month wait....
MK7 R 5 door, manual, Lapiz Blue, Prets.

Offline monkeyhanger

  • Serious forum addict
  • *
  • Posts: 6,663
Re: Bye-bye GTi hello R
« Reply #113 on: 23 September 2014, 17:14 »

Hi virginVWman,

I plumbed your car into CAP and it give a trade in value range of £17,150-£18,300.  CAP are generally considered to be more reliable than Parkers etc, I think the trade use them.

Personally I'd say that's about right, the big depreciation hit is always in the first year.  Even on cars that hold value well, I.e. the GTD, it probably breaks down very roughly to 30-33% lost in the first year then only a further 15-20% over the the remaining two years.

Yep, i'd roughly concur with the above, CAP part ex and full broker discount is a reasonable cost to change - be realistic with the p/x and enjoy a healthy discount or expect a whopping p/x and little discount.

For a GTD holding 55% RRP over 3 years, Buy at 10% discount if you can, it'll be worth 75% after a year (the dealer always wants to make 15% on a p/x unless an undiscounted new car purchase is subsiding the transaction), 65% after 2 years, 55% after 3 years.
Whey ya bugger! It's finally arrived after an 8 month wait....
MK7 R 5 door, manual, Lapiz Blue, Prets.

Offline mikeok

  • GTI forum regular
  • ***
  • Posts: 171
Re: Bye-bye GTi hello R
« Reply #114 on: 23 September 2014, 18:03 »
God dam it..I have just had a R with dsg for the whole day while my GTI was being serviced...took it on some fast A and B rds and well...thats one hell of a machine...Race mode is bonkers..I did not expect it to be so much different from my GTI pp but it is..
Any way 3/4 tank and a few hrs later im back and talking money..makes no sense to get it str8 away if any available but next yr when my cars 1 yr in march it does...so iv ordered a 5dr dsg with 19", nav, dcc.oh and its resale Blue..got 3.5k off list so happy works out about 10% discount.  March delivery
GTI PP,CSG, dsg, DCC, keyless, park assist 19"Santiagos.
Climate windscreen, Nav.

Golf R on order. 5dr dsg, 19", keyless.
Passat Estate Biturbo Black, on order.

Offline Mr Savage

  • I live here
  • *****
  • Posts: 731
Re: Bye-bye GTi hello R
« Reply #115 on: 23 September 2014, 18:23 »
God dam it..I have just had a R with dsg for the whole day while my GTI was being serviced...took it on some fast A and B rds and well...thats one hell of a machine...Race mode is bonkers..I did not expect it to be so much different from my GTI pp but it is..
Any way 3/4 tank and a few hrs later im back and talking money..makes no sense to get it str8 away if any available but next yr when my cars 1 yr in march it does...so iv ordered a 5dr dsg with 19", nav, dcc.oh and its resale Blue..got 3.5k off list so happy works out about 10% discount.  March delivery

How the hell did you manage to get the VW dealer to lend you an R for a day!
Current - MK7 Golf GTI - Tornado Red, 5 Door, DSG, Performance Pack, Dynamic Chasis Control, Panoramic Sunroof, Discover Navigation, Dynaudio.

On Order - MK7 Golf R - Pearlescent Black, 3 Door, DSG, Vienna Leather, Discover Nav Pro, Rear View Camera, High Beam Assist, Keyless Entry, Dynaudio (Tech Pack)

All gone.

Now;

MK7 Golf R - Lapiz Blue, 5 Door, DSG, Carbon Nappa, Discover Nav Pro.

Offline mikeok

  • GTI forum regular
  • ***
  • Posts: 171
Re: Bye-bye GTi hello R
« Reply #116 on: 23 September 2014, 18:26 »
There a good dealer and iv had a few cars off them so they tend look after me. They even got a dsg sent from another dealer in there network as I prefered a dsg.. Huntingdon vw can recommend them.
GTI PP,CSG, dsg, DCC, keyless, park assist 19"Santiagos.
Climate windscreen, Nav.

Golf R on order. 5dr dsg, 19", keyless.
Passat Estate Biturbo Black, on order.

Offline monkeyhanger

  • Serious forum addict
  • *
  • Posts: 6,663
Re: Bye-bye GTi hello R
« Reply #117 on: 23 September 2014, 18:38 »

Any way 3/4 tank and a few hrs later im back.

See any cameras on the way? 3/4 of a tank in a few hours - you definitely had fun!  :evil:

Congrats on the order!  :smiley:
Whey ya bugger! It's finally arrived after an 8 month wait....
MK7 R 5 door, manual, Lapiz Blue, Prets.

Offline mikeok

  • GTI forum regular
  • ***
  • Posts: 171
Re: Bye-bye GTi hello R
« Reply #118 on: 23 September 2014, 20:30 »
Lol no I didnt..thank god..but was on the look out..it would of been rude to hand it back with out the fuel light on..
GTI PP,CSG, dsg, DCC, keyless, park assist 19"Santiagos.
Climate windscreen, Nav.

Golf R on order. 5dr dsg, 19", keyless.
Passat Estate Biturbo Black, on order.

Offline monkeyhanger

  • Serious forum addict
  • *
  • Posts: 6,663
Re: Bye-bye GTi hello R
« Reply #119 on: 23 September 2014, 20:50 »
Might be a good fuel saver in the future Mikeok - take an extended test drive in an R after rolling up in the Missus' lesser car, park it round the corner for a few hours, siphon off 2/3 of their tank into your own R and hand it back.  :grin: £50 saved. I got about 10 mins/7 miles in the R with the salesman sitting next to me. He gave me 2 hours on my own in the demo GTD when they got it in, but didn't seem to trust leaving me with the R. He wasn't a fanny in the car though, he was urging me to put my foot down a lot!
Whey ya bugger! It's finally arrived after an 8 month wait....
MK7 R 5 door, manual, Lapiz Blue, Prets.