I'm thinking of going GTD to R - finances, PCPs and thoughts...

[johnboylds]

Hi,

I've had my GTD for 18 months now, and I'm thinking its time for a change. I like the car, but I usually change every 12 months or so, so I'm getting itchy feet.

It needed some warranty work doing last week (I was getting stabbed by the broken engine start button!) and whilst picking it up I ended up chatting to a sales guy regarding an R. I had a test drive and loved it.

I've got two big issues that are stopping me pulling the trigger, both cost related.

The first is the trade in value for my GTD. Parkers guide, at the correct mileage and with options declared, has it at c£18,700 for part-ex but the dealer is offering me about £2,000 less than this. I owe £18,900 on the car, so if I'm really going to lose £2,000 at this point then there's no chance of a change. Has anyone recently traded in a GTD - are the trade in prices paid by the dealers really so far from the book price?

The second issue is the GFV on the R. My GTD at list price of £25.5k had a GFV of £12.5k. I'm being offered an R at a list of roughly £31k with a GFV of £12.5k - is this a result of all the leases out there? Have VW completely lost confidence in the R holding value over the next 3 years?

Against all this, the S3 has a GFV of £15.5k and £1k deposit contribution - I prefer the R over the S3 but not to the tune of £115 a month more!

Am I coming at this from the wrong angle? Does anyone buy an R on finance or is a lease the only cost effective way?

Sorry for the long post, but opinions and input would be appreciated!

John

[Darlo]

Not completely dissimilar to my situation a few months ago except mine was a GTI to an R.... Very long story short. Part ex price was rubbish so made an extra £2k and sold it private.

Finance deals on new and used R's were ridiculous, I mean seriously ridiculous.... So ended up with an 18 month old, one owner high spec S3 for £1700 in and only £10 a month more than I was paying on the GTI. From memory VW wanted £3k and £70 a month more than the GTI. That was for a bogo R.

Some say the R is a better drivers car, but as an everyday there is little in it. The Audi is a far nicer place to be interior wise. My Mrs has a 6 month old GTD which she loves but will always take the keys for my S3 if she can.

[Cossieian]

I'm trading my 2014 13k mile GTD in for my new R in the next couple weeks, trade in for my car was £18350
My new R deal is as below, might not be the best but I can afford it and I really want one so happy enough.
3 Door
Tornado Red
DSG
Winter Pack
Keyless
2 Years servicing

Is costing me £380pm over 4 years with a £3k deposit.

[monkeyhanger]

Hi,

I've had my GTD for 18 months now, and I'm thinking its time for a change. I like the car, but I usually change every 12 months or so, so I'm getting itchy feet.

It needed some warranty work doing last week (I was getting stabbed by the broken engine start button!) and whilst picking it up I ended up chatting to a sales guy regarding an R. I had a test drive and loved it.

I've got two big issues that are stopping me pulling the trigger, both cost related.

The first is the trade in value for my GTD. Parkers guide, at the correct mileage and with options declared, has it at c£18,700 for part-ex but the dealer is offering me about £2,000 less than this. I owe £18,900 on the car, so if I'm really going to lose £2,000 at this point then there's no chance of a change. Has anyone recently traded in a GTD - are the trade in prices paid by the dealers really so far from the book price?

The second issue is the GFV on the R. My GTD at list price of £25.5k had a GFV of £12.5k. I'm being offered an R at a list of roughly £31k with a GFV of £12.5k - is this a result of all the leases out there? Have VW completely lost confidence in the R holding value over the next 3 years?

Against all this, the S3 has a GFV of £15.5k and £1k deposit contribution - I prefer the R over the S3 but not to the tune of £115 a month more!

Am I coming at this from the wrong angle? Does anyone buy an R on finance or is a lease the only cost effective way?

Sorry for the long post, but opinions and input would be appreciated!

John

I'm guessing that the GFVs you're quoting are 4 year values? If not they seem very low. 3 year GFV on an R is currently around the £15k mark, give or take a bit for 3 door/5 door/DSG/Manual.

If the S3 is £115 a month cheaper then i'd be getting the S3 - do bare in mind though that the S3 spec is pretty spartan - yes you get leather seats and Xenons (not the dynamic ones we get on the GTD/GTI/R), but very little else. If you want stuff that most now take for granted (auto lights, wipers, dimming rear view mirror, cruise etc) it's going to cost you extra.

[Darlo]

Yes the S3 is lacking in some bits standard, but leather on the R is something crazy like £1700. Heated leather is standard on the S3 and im sure now basic nav is standard. Add the comfort pack (£600) and you get some of the nice touchs the R has, except adaptive headlights (£295) and folding mirrors (£150).... Still a lot less than £1700!

I am by no means slagging off the R I mean I nearly got one on a lease I just think the S3 can offer miles better value for money on a pcp.

[andrewparker]

I ordered an R to replace my GTD a few weeks ago. Thankfully I no longer do the mileage to justify a diesel car. I've became quite a convert to leasing, particularly after talking finance with my local dealer. The numbers and commitment just don't stack up for me. My lease deal is £857 initial payment and £286 a month, 5000mpa over 24 months. Only options are metallic night blue and CarNet. I'll do more miles but the excess isn't ridiculous.

[Mark V GTD]

Andrew - do those figures include an element of trade in for your current car?

Do they include VAT?

[andrewparker]

Andrew - do those figures include an element of trade in for your current car?

Do they include VAT?

Hi Mark, yes VAT is included in those prices, it is a personal lease. And no, no trade-in, my current car is leased also.

It's part of the appeal for me to be honest, I've had a GTD for a few years, enjoyed it, but am ready to move on to something else. I don't have to worry about trading it in, negotiating with dealers etc. It's just very easy.

[Mark V GTD]

That seems like a great lease deal - who is it with (or PM me please)?

[andrewparker]

That seems like a great lease deal - who is it with (or PM me please)?

It is through Vehicle Savers - https://www.vehiclesavers.com

I've been dealing with Jack Snare and service thus far has been top notch.

ETA - Looks like their deals have increased hugely, a base 5 door manual with no options was £264pcm on a 3+23, that is now £310pcm!