2014 PP GTI, good price?

[kalimon]

Thanks for the great advice guys. 

I have a Honda Accord I need to trade in. It's an 09 EXGT and I'm hoping to get 6-7k for it. I normally hold onto cars for around five years.

As for the golfs spec, PP, leather interior, dynaudio and sat nav are pretty much must haves. As I said I never considered new and the thought scares me lol. My original plan was to buy used, trading in the accord and making up the difference with a bank loan, nationwide offer 3.4%. That puts my budget somewhere around the 20k mark, and why new never crossed my mind!

FWIW, I have a reservation about going back to a hatchback after driving a saloon and the BMW 5 Series is the golfs competition, though I know you guys will tell me to go with the golf 

Leather would be the last thing I'd spend money on. The standard GTI seats are really nice.

[Marshall Mike]

Thanks for the great advice guys. 

I have a Honda Accord I need to trade in. It's an 09 EXGT and I'm hoping to get 6-7k for it. I normally hold onto cars for around five years.

As for the golfs spec, PP, leather interior, dynaudio and sat nav are pretty much must haves. As I said I never considered new and the thought scares me lol. My original plan was to buy used, trading in the accord and making up the difference with a bank loan, nationwide offer 3.4%. That puts my budget somewhere around the 20k mark, and why new never crossed my mind!

FWIW, I have a reservation about going back to a hatchback after driving a saloon and the BMW 5 Series is the golfs competition, though I know you guys will tell me to go with the golf 

Leather would be the last thing I'd spend money on. The standard GTI seats are really nice.

Personal preference I suppose, I don't like them at all 

[monkeyhanger]

But the VW leather does have a tendency to stretch and sag - especially the seat bolsters on the base. I was considering leather once, until the salesman told me they'll add £300 to your p/x value and cost you about £45 a month on a PCP deal - that's a lot of money to lose!

If you are setting up a cheap bank loan and want a new car, i'd still urge you to take out the VW finance so you get the deposit contribution, and then settle immediately with the cheap loan money. You only owe the balance after the deposit, they can't grab it back. Settle within 15 days under the finance cooling off period regs and you'll pay nominal interest of about a fiver a day for every day within those 15 before you notify VW finance you want to settle.

[Marshall Mike]

I visited my local dealer this afternoon to feel them out. They advised me to take the accord to we buy any car and said PCP on used was about 9%, so that rules that out. It has to be new or bank loan for used. I'm really not sure about new or how it would work out, sorry monkeyhanger im not following 

On the plus side, seeing the cloth seats in the flesh I thought they looked much better than in the pictures! They had a demo car on the forecourt that I had a wee look at  Needless to say, I've dropped leather as a must have.

They also said they can't get cars from the used VW web site so I would have to deal with that garage myself/buy online.

[Watts]

Hi Marshal Mike I will definitely be steering you to a GTI Seriously though, I'm sure a BMW would be great but my GTI feels special and one of the factors in that is the cloth interior, love it! VW leather interiors all seem to have the whiff of fakery about them and to me, not worth the money so a good decision of yours to drop that option. Do buy new if you can and sell your Honda privately, you are saving thousands in depreciation that way and your budget is so close that secondhand is a false economy. I highly recommend the PP, not sure that any performance gains are noticeable or that the lsd will be of much use in normal driving but it is worth every penny for the better brakes alone. Plus the GTI motifs on the red calipers, they look fantastic!

I hope you get what you want for a good price, I tried Drive the Deal and they were very helpful or it might be worth asking a couple of the dealers that post on this site, they seem very helpful too. Most important though, don't forget to keep us updated with progress, ask plenty of questions as there are lots of friendly experienced people on here and top of the list, plenty of pictures of your new pride and joy always go down well!

[monkeyhanger]

I visited my local dealer this afternoon to feel them out. They advised me to take the accord to we buy any car and said PCP on used was about 9%, so that rules that out. It has to be new or bank loan for used. I'm really not sure about new or how it would work out, sorry monkeyhanger im not following 

Do you mean that you don't get what i'm saying about the deposit contribution and cashing in the VW finance?

Say for example drive the deal are offering £5500 off a new GTI that has a list price of £28500, bringing it down to £23500. That whole £5500 discount is dependent upon you taking out VW finance to get the VW finance funded deposit contribution of £2000. Without taking VW finance, drivethedeal offer £3500 off only and that car will cost you £25500.

You get your cheap loan set up with your bank.

You take out VW finance for the car, pick up the car and you then have 15 days cooling off period to cancel the finance (not the car, you've still got to pay for it somehow).

So what do VW finance want in settlement? £23500! 
Even though you cancel the finance and settle with your private bank loan, VW don't get to grab that £2000 deposit contribution back. What does happen though, VW charge you daily interest on the amount until you request a settlement figure, it amounts to about £5 a day on that £23500 you owe them.

I did it last year with the wife's Audi A1. It had a £500 deposit contribution. I took out Audi finance to get the £500 and then rang the next working day to cancel the finance agreement and pay the balance.

It's easy and you won't get the deposit contribution unless you take out VW finance.

[Marshall Mike]

I visited my local dealer this afternoon to feel them out. They advised me to take the accord to we buy any car and said PCP on used was about 9%, so that rules that out. It has to be new or bank loan for used. I'm really not sure about new or how it would work out, sorry monkeyhanger im not following 

Do you mean that you don't get what i'm saying about the deposit contribution and cashing in the VW finance?

Say for example drive the deal are offering £5500 off a new GTI that has a list price of £28500, bringing it down to £23500. That whole £5500 discount is dependent upon you taking out VW finance to get the VW finance funded deposit contribution of £2000. Without taking VW finance, drivethedeal offer £3500 off only and that car will cost you £25500.

You get your cheap loan set up with your bank.

You take out VW finance for the car, pick up the car and you then have 15 days cooling off period to cancel the finance (not the car, you've still got to pay for it somehow).

So what do VW finance want in settlement? £23500! 
Even though you cancel the finance and settle with your private bank loan, VW don't get to grab that £2000 deposit contribution back. What does happen though, VW charge you daily interest on the amount until you request a settlement figure, it amounts to about £5 a day on that £23500 you owe them.

I did it last year with the wife's Audi A1. It had a £500 deposit contribution. I took out Audi finance to get the £500 and then rang the next working day to cancel the finance agreement and pay the balance.

It's easy and you won't get the deposit contribution unless you take out VW finance.

Excellent mate, with you now thanks! I love loop holes like that 

I got an online quote of £7,500 for the accord and reckon that means I'm looking for a car around the 24k mark. So bearing in mind I'm after a 5 door manual with PP and the tech pack with Dynaudio, do you think it's possible to get that new within my budget?

Also, is DCC worth it? Is there any way to tell if a car has it fitted from photos?

[monkeyhanger]

DCC? The only way you'll know for sure if you must have it is to test drive with and without.

I personally wouldn't tick that box, the new MQB platform is far more composed and smooths the bumps right out. Even on 19" wheels and lower suspension my R is far comfier than the MK5 Golf that came before it.

If you have back problems (or a regular passenger does) or want a limousine type ride then you'll want it.

If you need to save money to stay in budget for the new car, i'd personally lose the Dynaudio. The standard audio equipment is very good, and for me, when you're using MP3 sources at 320kbps in what is a noisy environment (a moving performance car, albeit well insulated), you probably won't appreciate the better output of the Dynaudio unless you're setting that dial to 11 and whacking the Bass right up.

Go take some test drives and have a look in the showrooms to see in the flesh what that extra options money will do to enhance your driving experience.

For £24052 with DTD you'll get a standard spec GTI PP 5 door manual with Tornado Red paint (saving £5732, inclusive of £2k deposit contribution) - add another £280ish to go metallic, or save £275 if you go white. Add tech pack and Dynaudio with Metallic paint and you're then talking £26k after discount.

[Poached]

Some sound advice here re the finance...not sure where that leaves the salesman and their commision although I doubt anyone will lose sleep over that.

Things certainly not always clear cut when you compare some cars that are 2 years old used vs new via pcp/broker.

A consequence of the way cars are now purchased/rented means that the main dealers have more control over the used car market for the models they sell as a result of them being returned after a lease/traded in for a new pcp.

[Marshall Mike]

It's a lot of food for thought, I'm still trying to get my head around buying new. I was raised never to buy new cars and that seed seems to be planted quite deeply.

For example there is a PP 5 door manual in white, registered July 2016 for 25k. It has nav pro, park assist, rear view camera, dynaudio and Santiago alloys. That, to me, is a good buy?

(Oh and 4000 miles on the clock)