Golf GTI or the R

[fredgroves]

 Your part exchange more than covers the 30% deposit so we would give you back £2000.00

 49 monthly payments at £280.46 per month with a option to purchase final payment of £4860.00

They said subject to viewing my car I would get £7000 for it.  This is were finance confuses me?  Couldn't I just use the whole amount my car is worth against a new one and reduce the monthly payments?  Or it has to be a low deposit so they make more money in the long term?

There is a max deposit on VWF PCP of £5k.

You are right, its to give them a minimum profit on the finance.

[fredgroves]

Btw that PCP deal sucks big time!

16,790 minus you 5000 deposit minus the GFV 4860 = £6930 effectively on finance.

6930 divided by 49 monthly payments is ~£141 a month, yet you would be paying double that per month.

Is there not another way you could do this?

[I wanted a GTi]

I think it has the PP pack, look at 5th photo.

It says the car is 220ps and not the 230ps of the performance pack. Photo 5 shows the smaller brake discs. There is a smaller gap between PP brake disks and the wheel. The brake callipers in photo 3 look solid red. There should be a little bit of white visible from the GTI print.

My car also had bigger exhaust pipe covers. Is that just a Mk7.5 thing? Going to look at some photos. Edit: the exhaust pipe covers appear to be smaller on the Mk7 GTIs.

They are the PP brakes, different shape to the non PP.

Brake on the car


Brake on non PP car

[Daz Auto]

My mistake - you're right. They have listed the car with the wrong horse power.

I entered the reg in this webpage - http://www.volkswagen.co.uk/owners/manuals

"Your car is GOLF GTI PERFORMANCE"

[RAIDEN]

Btw that PCP deal sucks big time!

16,790 minus you 5000 deposit minus the GFV 4860 = £6930 effectively on finance.

6930 divided by 49 monthly payments is ~£141 a month, yet you would be paying double that per month.

Is there not another way you could do this?

I have never been great with maths.  I could just stick on my credit card.  One of them are offering interest free for 18 months then i'll just transfer it to another one.

As I intended to keep the car a while I wasn't compromising on a couple things.  Got to be DSG as i'm forever stuck on the M25 and manual is now doing my head in.  And call me old fashioned but I told them any colour apart from black and red.  My S3 is black (after 5 months of searching is was the best one I found) and i'm forever cleaning it!!!  10 years ago after having a black mini I said never again.  And I know paint now is a lot better but I have it stuck in my head that it will vade over time.   

[I wanted a GTi]

My mistake - you're right. They have listed the car with the wrong horse power.

I entered the reg in this webpage - http://www.volkswagen.co.uk/owners/manuals

"Your car is GOLF GTI PERFORMANCE"

But what's with the GTi missing? Repainted maybe.

[Gnasher]

My mistake - you're right. They have listed the car with the wrong horse power.

I entered the reg in this webpage - http://www.volkswagen.co.uk/owners/manuals

"Your car is GOLF GTI PERFORMANCE"

But what's with the GTi missing? Repainted maybe.

Do you mean the lack of red badges? If so, the early GTI PPs had the standard badges - mine's the same.

[I wanted a GTi]

My mistake - you're right. They have listed the car with the wrong horse power.

I entered the reg in this webpage - http://www.volkswagen.co.uk/owners/manuals

"Your car is GOLF GTI PERFORMANCE"

But what's with the GTi missing? Repainted maybe.

Do you mean the lack of red badges? If so, the early GTI PPs had the standard badges - mine's the same.

Every day is a learning day, didn't know that.

Are they removable (the little plate) The PP and R brakes look the same as the brakes that were on my wife's old B6 S4 and the plate was removable.

[dubber36]

These are the figures they came back with.  I thought not bad?:

The figures are based on a 49 month PCP covering 14000 miles a year

 Your part exchange more than covers the 30% deposit so we would give you back £2000.00

 49 monthly payments at £280.46 per month with a option to purchase final payment of £4860.00

They said subject to viewing my car I would get £7000 for it.  This is were finance confuses me?  Couldn't I just use the whole amount my car is worth against a new one and reduce the monthly payments?  Or it has to be a low deposit so they make more money in the long term?

This was the car http://www.parkwayvolkswagen.co.uk/used-car-details/used-volkswagen-golf-gtigtdr-20-tsi-gti-220-ps-hatchback-tornado-red-manual-petrol/id-131655488122/

Its nice but the wrong colour and manual

Hang on, that all adds up to £23,600.

Surely you could get a new one for not much more. If you are set on paying monthlies for a car, then I'd look at leasing. I'm sure you'd get into a new GTI for less than £300 a month on a two year deal. If you bank the money you get by selling your current car, over the next 4 years you could have had two new cars and still have your £7k. Buying this used one, all you will have is a car that you still owe money on, or very little equity in if you want to use it as a px.

[I wanted a GTi]

Is there a best leasing website to go to to price up a car for personal lease? My wife priced up an R last night with Nationwide and is was something £370p/m over 24 months plus 3 months up front. Doesn't seem that cheap.