PCP/lease deals

[Cossieian]

Anyone know of any good deals ATM on GTDs, got a quote back from VW yesterday that I wasn't impressed with, it was:
3 Door GTD
DSG with no other options
10k miles pa
£3k deposit from me
£330pcm over 48 months

First of all I wasn't keen on a £3k deposit nor over 48 months, but he said anything less would obviously increase monthly payments.

PS what's the benefits with doing PCP over leasing, I'm new to all this as I've always just bought my cars outright so bare with me lol, I'd prefer going through VW if possible

[Diehammer]

I ordered 15 weeks ago and got the following:

Deposit £2500 + 35x £285 for 8000 miles per annum & servicing & maintenance, It would have been £271 without it.

This was with Inch Stirling, no other dealers in Scotland could get near this price. 

[Owls11]

Hi,

Try carwow, spec your car then vw dealers email best price, I tried it up to £4800 off a GTI if you have vw finance 

[Diehammer]

The 3 door was working out a lot more expensive per month.

[GeoBog]

Anyone know of any good deals ATM on GTDs, got a quote back from VW yesterday that I wasn't impressed with, it was:
3 Door GTD
DSG with no other options
10k miles pa
£3k deposit from me
£330pcm over 48 months

First of all I wasn't keen on a £3k deposit nor over 48 months, but he said anything less would obviously increase monthly payments.

PS what's the benefits with doing PCP over leasing, I'm new to all this as I've always just bought my cars outright so bare with me lol, I'd prefer going through VW if possible

With PCP, you have lower monthly payments but after 4 years you would've paid half the price of the car and you would need to forge the remainder to be able to keep it or just hand it back to them without anything else to pay. Any equity you might gain can be used towards a deposit for a new car (basically you can change your car every 4 years). The problem is that you don't own the car, VW finance owns the car, you will only be the registered keeper.

With leasing, your monthly payments are higher and after 4 years you would pay the entire price of the car and you keep it without anything else to pay.

As somebody suggested earlier, try carwow or drive the deal for cheaper offers.

[Diehammer]

Anyone know of any good deals ATM on GTDs, got a quote back from VW yesterday that I wasn't impressed with, it was:
3 Door GTD
DSG with no other options
10k miles pa
£3k deposit from me
£330pcm over 48 months

First of all I wasn't keen on a £3k deposit nor over 48 months, but he said anything less would obviously increase monthly payments.

PS what's the benefits with doing PCP over leasing, I'm new to all this as I've always just bought my cars outright so bare with me lol, I'd prefer going through VW if possible

With PCP, you have lower monthly payments but after 4 years you would've paid half the price of the car and you would need to forge the remainder to be able to keep it or just hand it back to them without anything else to pay. Any equity you might gain can be used towards a deposit for a new car (basically you can change your car every 4 years). The problem is that you don't own the car, VW finance owns the car, you will only be the registered keeper.

With leasing, your monthly payments are higher and after 4 years you would pay the entire price of the car and you keep it without anything else to pay.

As somebody suggested earlier, try carwow or drive the deal for cheaper offers.

You are getting confused with Hire Purchase. When you lease you don't own the car or are you the registered keeper. There is also no option of purchasing the car at the end of the lease.

[matchboy]

If you're doing a PCP, you don't need 10k miles pa.  Put it at 6k (the lowest), which will reduce your monthly payments.  It makes no odds that you'll go over when you come to change cars.  If you do a straight up lease you will get charged, but on a PCP it makes no odds.

[Mark V GTD]

Matchboy - well in principal yes I agree - selecting the lowest mileage on PCP will lower the monthlies - but to be fair it will have ramifications when trading in as your settlement figure will be higher due to the lower payments made (so less equity). Also if you are struggling for equity (small purchase discount and/or went mad with the options) you will not be able to hand the car back without penalty if you have gone over the mileage limit.

[p3asa]

Anyone know of any good deals ATM on GTDs, got a quote back from VW yesterday that I wasn't impressed with, it was:
3 Door GTD
DSG with no other options
10k miles pa
£3k deposit from me
£330pcm over 48 months

He's gave you £50 off a month compared to the VW.co.uk calculator which comes in at £381 a month.

If you go to drivethedeal.com you can get the same car for a discounted price of £24,846 so if you add that discount plus your deposit to the calculator on vw.co.uk you can get the above car for £298 or over 36 months its £323

[Cossieian]

Thanks for the replies guys, was in with the dealer today and I just don't think PCP is for me, he offered a 3 year personal contract hire for the following prices, based on 12k miles per year, how does it look to you's?

3+35 agreement (36 months)

GTD DSG 3dr £382
GTD Manual 3dr £355
GTD Manual 5dr £320