My GTI Value Vs a new R

[p3asa]

I'm thinking of making some rear window stickers, something like "This Golf is not a R but at least it's not leased" 

Not really sure what you are getting at here. As surely the sensible driver is leasing?

The way I look at it is, I've paid car finance constantly since I was 17 and now 46.
As soon as the finance was paid up I was out looking at another car and started the process all over again.
The last few cars have been on a PCP so at the end of their terms I've never owned the car and started over again in another new car.

As for a lease, yes you don't own the car, but does this really matter if you change anyway every 2 or 3 years? Its a depreciating asset at the end of the day and makes sense not to keep hold of it.

As to the OP I done some figures the other day and the lease figures aren't that much better compared to PCP once you throw in the price over the GFV the garage offer as equity.
http://www.golfgtiforum.co.uk/index.php?topic=270775.msg2481390#msg2481390

[AndyG]

A new R verses a new GTI PP similar spec both with discount the R is just over 2k more expensive.Both great cars but come on what would you get honestly.

[Mr Savage]

A new R verses a new GTI PP similar spec both with discount the R is just over 2k more expensive.Both great cars but come on what would you get honestly.

Everyone seems to be stuck on this idea that the R is miles better than the GTI...I think you are forgetting the downsides of the R compared to the GTI. Higher running costs being a major one that affects us day to day and they do get much less MPG than the GTI. I know because i've driven both. The 4 motion is another attractive part of the R, do you need it though? No, the GTI's limited slip diff will do everything you ask of it and the 4 wheel drive system adds a lot of weight to the car which actually becomes a hinderance once you're off the line.

As Top Gear said themselves, the GTI proves that 230BHP is enough for UK roads and if it isn't then get it remapped to 300BHP, that should keep you happy for a good while. But as I've said before it's not all about power, it's about drivability too.

Both are great cars and i'm not saying I wouldn't buy an R one day, because I would certainly consider it. But would I feel the need to jump from a great car to another great car in such a short space of time and throw away my huge deposit? GTI7ME you would be throwing away tons of money and for what? The GTI is a great and capable car, I would stick with it unless you have more money than you know what to do with!

Chopping in your GTI now and that 11K will be gone in a year! That's almost a grand a month wasted. The car would basically pay off the outstanding balance and you'd be starting from scratch.

[AndyG]

I must admit that's a fair point,if I already had a mk7 GTI there is no way that I would swap it for an R.My circumstances are that I have a mk6 GTI that is fully paid for.I put a deposit down for an R only yesterday.When I bought the mk6 some 4 years ago it cost me 30k.I have managed to get 12% discount on the R so it comes in under 30k.I know the GTI would be all the car I would practically ever need but if you told me 4 years ago that my next car would be the new R and that I would be paying less than I had just paid for the mk6,I just wouldn't have believed you.

[monkeyhanger]

MrSavage: is it really £11k lost though? Was nigh on half of the OPs £8k deposit actually discount (I suspect so as you can't PCP less than 70% of RRP, and i'd have expected him to have gotten some discount on the GTI) ? If so it's not money lost. On my proposed figures he'd "only" be about £8k down after 18 months, which is pretty much as expected for changing at 18 months. It's a lot of money, but so's depreciation on any £25-30k. If GFVs don't soften, he'll make a fair bit of that back in considerably better residuals which will pay for the extra fuelling costs many times over. The actual fuelling costs of R will most likely be about £45 a month, noticeable, but not exactly a fortune. If he's wanting to jump on the lease list then perhaps better to do it sooner rather than later.

On the other hand, it seems that the PP is a great enhancement to the GTI, the OP is already in a great car, he'd only suffer an extra £4k depreciation keeping it for 3 years. It definitely makes more sense to lease than PCP (i'm buying mine and skipping PCP interest, it's just about worth buying over leasing on those terms) an R that isn't packed with extras. I do think the OP has far less to gain in the upgrade than the likes of myself with a slippery Bridgestone shod GTD with a real want for more grip, more power and not caring so much my mpg is going to get hammered. If I had a PP already, it'd be a tougher decision for sure.

[TheMoggy]

Here is my 2 cents...

I traded my GTI PP in for an R DSG after only 12 months. I'm on PCP not PCH (lease).

The R is amazing...and I have no regrets. The running costs may be higher but let's face it, you don't buy an R (or a GTI) if you are concerned about MPG!

R or a GTI is all about personal choice. I bought an R because the trade in value of my GTI was great, the discount on the R was great, the additional per month cost was acceptable and because I got a cancellation with the spec I wanted I only waited a month.

So, my advice is if you can afford it then do it...if you can't then don't.

[mikeok]

Here is my 2 cents...

I traded my GTI PP in for an R DSG after only 12 months. I'm on PCP not PCH (lease).

The R is amazing...and I have no regrets. The running costs may be higher but let's face it, you don't buy an R (or a GTI) if you are concerned about MPG!

R or a GTI is all about personal choice. I bought an R because the trade in value of my GTI was great, the discount on the R was great, the additional per month cost was acceptable and because I got a cancellation with the spec I wanted I only waited a month.

This is spot on and exactly the same as my deal and why im swapping..

So, my advice is if you can afford it then do it...if you can't then don't.

[Mr Savage]

Here is my 2 cents...

I traded my GTI PP in for an R DSG after only 12 months. I'm on PCP not PCH (lease).

The R is amazing...and I have no regrets. The running costs may be higher but let's face it, you don't buy an R (or a GTI) if you are concerned about MPG!

R or a GTI is all about personal choice. I bought an R because the trade in value of my GTI was great, the discount on the R was great, the additional per month cost was acceptable and because I got a cancellation with the spec I wanted I only waited a month.

So, my advice is if you can afford it then do it...if you can't then don't.

Just because you don't buy an R or a GTI for the MPG doesn't mean that is isn't a factor. The great thing about the GTI is how it's an all rounded car with affordable running costs. Because trust me if I was in a car doing an average of 9 MPG I would feel it. So I disagree that you don't buy the car for its MPG. Because it's that fine balance of affordable fuel costs with great performance that makes the car appealing in the first place.

The R is amazing I agree, but so is the GTI and I honestly don't see the huge cash loss of jumping into an R from the GTI as worth it.

I agree Monkeyhanger, the amount of money lost is what you would expect for changing the car after such a short period of time. But let's face it Volkwagen will be rubbing their hands together and loving that people that are paying £8,000 and then £200-300 a month for a year (so VW are £11,000 up) to then be handed the car back with only 10,000 miles on the clock so they can sell it for £25,000 and make £36,000 and then get another deposit off you to start the whole cycle off again!

Then where does it stop, the R400 will be released and people will be doing the same thing again jumping from the R to the R400. It's up to people what they do with their own money of course, but we all know theres only one winner and £11,000 for 1 years worth of motoring seems very harsh! I don't think its a coincidence that the R leasing deals are so cheap, it's making VW very fast cash with people chopping in so quickly and losing huge chunks of money.

[TheMoggy]

9 MPG!!! You having a giraffe??!

In the GTI PP with my lead foot I was averaging about 30 MPG. In the R with a heavier lead foot and after 2 weeks it's 27 MPG.

My point about the MPG is that you don't buy an performance car and then worry about the MPG.

[Mr Savage]

9 MPG!!! You having a giraffe??!

In the GTI PP with my lead foot I was averaging about 30 MPG. In the R with a heavier lead foot and after 2 weeks it's 27 MPG.

My point about the MPG is that you don't buy an performance car and then worry about the MPG.

If you read what I said I never said anything about the R getting 9 MPG. I was referring to your comment that you don't buy the car to worry about the MPG. I agree that MPG isn't your priority but it is obviously still a concern because you're basically saying that if the car was doing single figure MPG it still wouldn't concern you. Which I know it would and so thus MPG is a factor.

If running costs weren't a concern i'd have bought a used Nissan GTR for 30k...