Part ex values through the floor?

[joe6]

Nope, same with Petrols to my eyes.

GTi is pretty low to be honest, I think the loyalty thing just helps prop the px value a bit to be honest.

It's pushing me more to looking at Broker max discount and PCP pay off early as the cost to change is getting bigger than ever.

Dave

Since you can get a new MK7 GTI Nav PP for under £22000 you cannot expect a high part exchange at the moment.

[clubsport]

Wow! Even with the £1250 contribution and £1000 loyalty bonus, sub £22k for that spec seems a steal?

[Daz2411]

Nope, same with Petrols to my eyes.

GTi is pretty low to be honest, I think the loyalty thing just helps prop the px value a bit to be honest.

It's pushing me more to looking at Broker max discount and PCP pay off early as the cost to change is getting bigger than ever.

Dave

Since you can get a new MK7 GTI Nav PP for under £22000 you cannot expect a high part exchange at the moment.

Where's this at? Under 22k?

[TwoSheds]

Nope, same with Petrols to my eyes.

GTi is pretty low to be honest, I think the loyalty thing just helps prop the px value a bit to be honest.

It's pushing me more to looking at Broker max discount and PCP pay off early as the cost to change is getting bigger than ever.

Dave

Since you can get a new MK7 GTI Nav PP for under £22000 you cannot expect a high part exchange at the moment.

Under £22k thats a 20% discount on the RRP less the £1k loyalty bonus if you qualify.

Who is offering this discount at the moment Joe?

[kalimon]

A base 3 door GTI PP from drive the deal is £23,310.
Factor in the £1000 loyalty bonus and you're not far away from £22,000.
Take out PCP and cancel it shortly after and it's way less than £22,000

[TwoSheds]

A base 3 door GTI PP from drive the deal is £23,310.
Factor in the £1000 loyalty bonus and you're not far away from £22,000.
Take out PCP and cancel it shortly after and it's way less than £22,000

How does cancelling the PCP early like that mean you end up paying a lot less than the £22k for the car?

[kalimon]

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.

[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 )

[sotonjoe]

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.

[sotonjoe]

I'd add the current gfv values look low to me as well which means discounted cars still look quite expensive to my eyes once you look at monthly payments. Doesn't affect a cash buyer of course.