It might be different because you are in Northern Ireland but in the UK you can get the servicing for £149 if you take it out on a PCP
http://www.volkswagen.co.uk/buying-guide/offers/golf-gti-vii
Even if you aren't taking the finance that way it might make sense to take it out on a PCP then pay it off with x amount of days (it may be 14) and that way you get their financial offers and you aren't penalised in interest.
Is this definitely correct ? I'm asking as I'm about to buy a pre-registered GTI. My dealer suggested taking finance as I get a £500 contribution from VW Finance plus 3 years free servicing. The saleseman told me I had to wait until 3 months payments have been made. After that I can pay off the finance, keep the £500 contribution and keep the free servicing.
This all sounds too good to be true and I can't find anything to verify it. Any confirmation / guidance would be much appreciated. Thank you.
It’s definitely the case with fitted equipment or extras (like salt and pepper packs on Minis), or additional items that are itemised as paid for at a reduced rate (like the service pack), and definitely used to be the case with financial incentives.
It would depend on the wording of the contract for finance contributions and other iincentives – are there any terms/clauses there that would allow them to snatch dealership or VWUK/VWFS contributions back when calculating an early repayment? If so then they will have recently been implemented to stop people taking advantage of the 14 day period that you have to back out of a financial agreement and walking away with significant cash contributions.
The general concensus is that you should only have to pay the invoice amount on your agreement back if you settle up within 14 days.
Ask the dealer for a copy of the terms, scrutinise them (and send me a copy please!).
Perhaps the dealership has stated 3 months not because you will be penalised, but because the dealership itself won’t receive its cut of the finance deal if you back out any earlier than that.
If it can still be done without snatch-backs of incentives then you have a fair bit to gain.