Part ex values through the floor?

[TwoSheds]

Because you get a £1250 contribution from the finance company.
You can cancel this any time and pay your car off in full but you still get the contribution.
You're in your rights to do this, it isn't illegal.

So that makes your total outlay for the car as only £20,750 then ? ( £22k less £1250 )

It won't work like that because the discounted drive the deal price already includes the £1250 deposit contribution. Take out the pcp, cancel it shortly after and you will still be liable to pay a bit of interest for the days you have had the approx £22k loan. You will in effect end up paying a bit more than the invoice price of the vehicle; it certainly won't get cheaper than the invoice price.

Thats what I originally thought ( dtd price already included the £1250 deposit contribution )

I was aware that cancelling early you could retain any 'Servicing Package ' offers linked to finance purchases as salesman had mentioned that when trying to get me to take out a finance deal.

[Restlessnative]

Reading all of these posts.VW seem to be going down the same road as Ford and Vauxhall.Big discounts etc.
Maybe not at the same level.But it is certainly going to rebound on the( once famous) resale values.

[sotonjoe]

Reading all of these posts.VW seem to be going down the same road as Ford and Vauxhall.Big discounts etc.
Maybe not at the same level.But it is certainly going to rebound on the( once famous) resale values.

For sure. Retail used values on mk7s are still quite high because a very small number of cars have come onto the used market. This year will see supply increase which will bring values down.
Gfv on new pcp deals is significantly lower than early cars.

I have just been offered a £30k list price car for £25.1k and the gfv is £11.4k after 40k miles and 48months.

[kalimon]

My mistake.
I forgot DTD quotes include the £1250 contribution.
Still quite reasonable though.

[Restlessnative]

Reading all of these posts.VW seem to be going down the same road as Ford and Vauxhall.Big discounts etc.
Maybe not at the same level.But it is certainly going to rebound on the( once famous) resale values.

For sure. Retail used values on mk7s are still quite high because a very small number of cars have come onto the used market. This year will see supply increase which will bring values down.
Gfv on new pcp deals is significantly lower than early cars.

I have just been offered a £30k list price car for £25.1k and the gfv is £11.4k after 40k miles and 48months.

Pretty shocking figures.

[monkeyhanger]

I have just been offered a £30k list price car for £25.1k and the gfv is £11.4k after 40k miles and 48months.

Pretty shocking figures.
[/quote]

Not that shocking really - that is a 48 month figure, not a 36 month figure. A 4 year old VW hot hatch is only worth around 50% RRP at retail, so you're only going to see 80-85% of that in p/x. I'd steer clear of 48 month deals if possible - nominally less than 36 month figures but you've got a year there without warranty (unless you opt for the warranty extension).

[Buggaluggs]

Hi guys, slightly linked to this but not directly, has anyone found a PCP finance calculator tool that can be relied on to be fairly accurate ? I have tried a couple and when I compared like for like deposit figures etc, it was about £60 per month away from the VW on line figures! Any ideas? Cheers 

[Sokkia]

This one seemed fairly accurate when playing around with figures, few quid out mostly When checking against official quotes

http://www.thecalculatorsite.com/finance/calculators/carloancalculator.php

[Misterp]

I'm at my local VW dealership. About to give an R a once over. Before I decide which way to go. I will report back on my part ex figure considering the baloon is at about 15. I doubt they will offer me anywhere near that.

[CraigW]

I'm at my local VW dealership. About to give an R a once over. Before I decide which way to go. I will report back on my part ex figure considering the baloon is at about 15. I doubt they will offer me anywhere near that.

Will be interested to hear what they quote you misterp, my car is not too much older than yours and I'm thinking about changing soon.