Time to part with GTD

[Mark V GTD]

Due to a upcoming change in personal circumstances its time to part with the GTD after 23 months blissful ownership.... I really say this with a heavy heart too. Its the best car I have ever had and I still think it just does most everything you want it to do so well its hard to think of a replacement. But for the time being my replacement will be my little Citroen C1 lease car that I have on the mad 4.99 a month deal until December....

I promise to hang around here as i will miss this place too...

By the way, I am hawking her around the dealers now but if anyone is interested in a March 2014 3-door GTD in Carbon Grey (DSG) with multiple options let me know by PM (18,400 miles so far).

[Watts]

Hi Mark, I saw the ad for that lease deal but can't remember the company now, who is it please?

Cheers!

PS - sorry you have to lose your GTD.

[Booth11]

Due to a upcoming change in personal circumstances its time to part with the GTD after 23 months blissful ownership.... I really say this with a heavy heart too. Its the best car I have ever had and I still think it just does most everything you want it to do so well its hard to think of a replacement. But for the time being my replacement will be my little Citroen C1 lease car that I have on the mad 4.99 a month deal until December....

I promise to hang around here as i will miss this place too...

By the way, I am hawking her around the dealers now but if anyone is interested in a March 2014 3-door GTD in Carbon Grey (DSG) with multiple options let me know by PM (18,400 miles so far).

Mark, sorry to hear the GTD has to go, but great that you've enjoyed the last 23 months in it. 

Any ideas what will replace it, after the temp C1?

[p3asa]

Hi Mark, I saw the ad for that lease deal but can't remember the company now, who is it please?

https://www.centralukvehicleleasing.co.uk/special_offers  were doing it for £999 down and £4.99 a month but its well gone.

[Watts]

Hi Mark, I saw the ad for that lease deal but can't remember the company now, who is it please?

https://www.centralukvehicleleasing.co.uk/special_offers  were doing it for £999 down and £4.99 a month but its well gone.

Cheers

[Mark V GTD]

I don't think I would PCP again. After having experienced the lease on the C1 I would deff take out a lease on a VW or Audi in future. There are some cracking deals to be had at the moment and hopefully that will still be the case towards the end of the year when the C1 goes back. CVL have the GTD up at 257 a month inc VAT at the moment with no down payment - thats nearly 100 quid less than I'm paying at the moment and I m in negative equity - no comparison really...

[Mark V GTD]

Well it looks like the best I can hope to achieve is 17,500. And that is over 2,000 in negative equity.

PCP - never again :-(

[fredgroves]

Negative equity because you are terminating early, got too many miles on the clock or damage?

I'd assume its one or more of those because otherwise surely its a GFV...

My experience from friends though is that depending on who you do this kind of thing through they can get massively OTT with their "inspection" and the resulting deductions.

If its early termination then of course you are going to effectively pay a high proportion of the balance of the payments for the term in early settlement fees just the same as any other loan.

[monkeyhanger]

Well it looks like the best I can hope to achieve is 17,500. And that is over 2,000 in negative equity.

PCP - never again :-(

What is your GFV on it (at 3 years I presume?) If it's in the region of £15k, i'd be tempted to keep the car to 36 months (if you can keep the payments going another year and then give it back) rather than be £2k in the hole (equivalent to £167 a month and no car to show for it).

[Mark V GTD]

Fred - no the car is perfect and coming up to two years old on a 36 month deal. The neg equity is probably due to the options on the car. If I had taken it largely stock I guess I would be offered around 17k for it but would have 2k less to pay off so woudl not be much in it.

MH - GFV is 16,042 in 13 months time.

As I'm paying 350 a month thats another 4,550 to pay, plus some tires and servicing taking it over 5,000. There will also be a mileage penalty to pay too as on a 5,000 mile deal.

On balance I would rather shell out 2,500 and be rid :-(