Just a quick question from those that know please.
A mate of mine and I were just chatting and the subject of PCP's finance in general and deposit amounts came up when dealing with VAG cars.
I know that with Audi, you can contribute a much greater amount as a deposit (think it's up to 50%), whereas VW limit you to only 30%. Obviously if you have the money, putting a larger deposit down could reduce your monthly payments or reduce the amount of interest paid. I have hit this limit a few times with VW where I've wanted to put down a larger amount that they would allow. However, he tells me there's a trick that some VW dealers can use where any options you might apply to the car you can pay for in cash, still leaving the full 30% available to deposit on the car ?
So say for example you were costing a £35k Golf. £29K base and £6k options. Using standard VW finance, it would allow a max of £10,500 deposit (30% of £35k, including any dealer or finance contributions). However if you were to pay the options separately at £6k, leaving the car at £29k, then paying the full 30% on that (@ £8,700), that would theoretically allow a deposit of £14,700 (£4,200 more than you would normally be allowed).
Is this true as I've never heard of this before - surely not ?
