Poll

Which of these did you use to buy your Mk7.x?

New Car Cash purchase (including cancelling finance to get the 1k win)
28 (31.8%)
New Car, Bank loan/dealer finance
6 (6.8%)
New Car PCP
25 (28.4%)
New Car PCH (lease)
8 (9.1%)
Second Hand PCP
4 (4.5%)
Second Hand Bank Loan/dealer finance
3 (3.4%)
Second Hand Cash Purchase
11 (12.5%)
Company Car
3 (3.4%)

Total Members Voted: 87

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Author Topic: How was your Golf bought?  (Read 13621 times)

Offline dubber36

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Re: How was your Golf bought?
« Reply #20 on: 19 December 2017, 17:14 »
It sounds like you are close to the edge if a day or two not earning could tip you over.
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Offline golfdave

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Re: How was your Golf bought?
« Reply #21 on: 19 December 2017, 17:22 »
my 2p worth..

I always save a bit every month & I always buy my cars cash no loans or PCP involved...one car I borrowed (bank) a portion of the money to pay for it as my first new car, but first car was 3rd hand I think..

I keep cars as long as possible, & after previous cars was 7yrs old I started to save a bit more each month into an account specifically for the new car...7yrs later had £24k in the account....which went to paying for the current car...only had to scrape around in another newer savings account to get the rest for the car &  for the two sets of alloys etc. I intend to keep this car for 10 to 14yrs...

PCP & leasing used to be a very small market as very costly & you had to have high earnings etc...now they give it away

Trouble is its bad for the environment & exacerbates the "me now " selfish attitudes...WHY?

Easy,.. people "Want" the latest & newest cars because "you are worth it". so they get them on PCP, don't care about the car don't look after it & ditch it after 2.5yrs...& then get another new car....all the while boasting to their friends about their new cars..."look at me"...etc..

Meanwhile we have 2.5yr old cars stacked knee deep in 1000s of acres of car lots & they are NOT shifting...& they have all consumed various amount of the earths resources to make...& we are supposed to more environmentally aware & consuming LESS...

Buying a car & keeping it running for 14yrs is way better & don't give any "it'll pollute more" BS.....I looked after my cars & the MOT test results for my 14yr old car are better than the MOT test results for my 3yr old car with a newer & better Euro engine...
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Offline fredgroves

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Re: How was your Golf bought?
« Reply #22 on: 19 December 2017, 17:30 »
Quote from: dubber36 on 19 December 2017, 17:14
It sounds like you are close to the edge if a day or two not earning could tip you over.

I'm just saying that investing in reliable transport is a more manageable cost/risk to me than the intangible unquantifiable risk of unreliable transport.

I like to know what my monthly outgoings are and reduce the "surprise". A little surprise is managable, finding myself a couple of grand out of pocket in a month is not.

Which is perfectly sensible (it comes from my work, my customers don't like financial surprise and failed plant equipment either!)
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Current: Mk8 GTI DSG, Adelaides, DCC, HUD, HK, Winter Pack, Rear Camera.. Aka "HMS Weasel"

Gone: 2017 Mk7.5 GTD,manual, NavPro
Gone: 2014 Mk7 GTD, manual, NavPro, DCC

Offline kalimon

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Re: How was your Golf bought?
« Reply #23 on: 19 December 2017, 17:50 »
Quote from: golfdave on 19 December 2017, 17:22
my 2p worth..

I always save a bit every month & I always buy my cars cash no loans or PCP involved...one car I borrowed (bank) a portion of the money to pay for it as my first new car, but first car was 3rd hand I think..

I keep cars as long as possible, & after previous cars was 7yrs old I started to save a bit more each month into an account specifically for the new car...7yrs later had £24k in the account....which went to paying for the current car...only had to scrape around in another newer savings account to get the rest for the car &  for the two sets of alloys etc. I intend to keep this car for 10 to 14yrs...

PCP & leasing used to be a very small market as very costly & you had to have high earnings etc...now they give it away

Trouble is its bad for the environment & exacerbates the "me now " selfish attitudes...WHY?

Easy,.. people "Want" the latest & newest cars because "you are worth it". so they get them on PCP, don't care about the car don't look after it & ditch it after 2.5yrs...& then get another new car....all the while boasting to their friends about their new cars..."look at me"...etc..

Meanwhile we have 2.5yr old cars stacked knee deep in 1000s of acres of car lots & they are NOT shifting...& they have all consumed various amount of the earths resources to make...& we are supposed to more environmentally aware & consuming LESS...

Buying a car & keeping it running for 14yrs is way better & don't give any "it'll pollute more" BS.....I looked after my cars & the MOT test results for my 14yr old car are better than the MOT test results for my 3yr old car with a newer & better Euro engine...
Good post and I couldn’t agree more.
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Offline scotland67

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Re: How was your Golf bought?
« Reply #24 on: 19 December 2017, 17:55 »
Great post, I also agree!
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Offline CHB100

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Re: How was your Golf bought?
« Reply #25 on: 19 December 2017, 19:05 »
Quote from: fredgroves on 19 December 2017, 17:09
Banger driving isn't cost effective for me. I cannot afford to loose a day's business due to a malfunctioning POS leaving me stranded somewhere.

Just a couple of those a year could amount to any financial savings being lost and its definitely going to happen...

The same goes for buying even a 5 year old car, combining loss of business and repair bills, it just doesn't work (for me)
Oh dear me, I sold a Lotus Elan to buy a house and drove a Triumph Herald for the next 2 years. And would do so again, I buy cars I can afford without the help of others. New cars are a total luxury in my view. A nice MK5 GTI is still all and more than we all really need.
Then I have changed engines and clutches out in the freezing cold, not being unkind but soft comes to my mind.

The sage retires. :wink:
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Offline fredgroves

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Re: How was your Golf bought?
« Reply #26 on: 19 December 2017, 20:31 »
You also walked 200 miles to school  everyday in the snow, were only fed bread and water, beaten to sleep every night and it never did you any harm?
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Gone: 2017 Mk7.5 GTD,manual, NavPro
Gone: 2014 Mk7 GTD, manual, NavPro, DCC

Offline CHB100

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Re: How was your Golf bought?
« Reply #27 on: 19 December 2017, 20:42 »
Quote from: fredgroves on 19 December 2017, 20:31
You also walked 200 miles to school  everyday in the snow, were only fed bread and water, beaten to sleep every night and it never did you any harm?
Something like that :cry: :grin:
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Arrived 15/5/17 Mk 7.5 R Lapiz 5dr DSG, Prets, Pan Roof, DCC, Rear View Cam.
Our other car is a Mk7 GTI DSG 5dr Tungsten, Vienna, Rear View Cam, Park assist.

Offline Watts

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Re: How was your Golf bought?
« Reply #28 on: 19 December 2017, 20:53 »
Strange how it can be so incomprehensible that someone depends on reliable transport :rolleyes: I used to do virtually all my own repairs and servicing but although I enjoyed it and in some ways miss it, nothing quite beats being pretty sure when you are off on your holidays that your car will get you there. That's why my current and last car have been new/nearly new.

As for credit, well it's hardly new nor is irresponsible lending, debtors prisons weren't exactly empty. I think some of the attitudes exhibited in this thread are a bit snobbish as in people in a lesser financial position to me shouldn't be allowed a new car. Well why not? We don't all live next to the factory where we work these days and public transport for many is either a non-starter or expensive and unreliable, even in London. So a good reliable car can be essential and financing a necessity.

As for the OP's question, I bought second hand (ex demo) on a PCP and paid it off shortly after.
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Offline JoeGTI

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Re: How was your Golf bought?
« Reply #29 on: 19 December 2017, 21:08 »
Personally don't think there's anything wrong with finance, so long as you walk into the deal knowing exactly how it works for you. Current finance / PCP deals here in Ireland is virtually "free" money.... 0 to 1% APR in most cases on new R's / GTI's.
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MK8.5 GTI Clubsport. Moonstone grey. Queenstown 19’s. DCC. Harmon Kardon sound. Pano roof.
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