Soldato
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£23,060.85!!???
I bloody hope not.
I bloody hope not.
Ordered a viper green scirocco!
- Thread starter 3t3P
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Soldato
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That's from VWs site isn't it? That's the figures I found earlier too. Shocking isn't it.
The only thing with that is you can't change the balloon payment at the end, whereas with a dealer you can haggle a bit. Although TBH it sounds like the OP took whatever was offered first.
The only thing with that is you can't change the balloon payment at the end, whereas with a dealer you can haggle a bit. Although TBH it sounds like the OP took whatever was offered first.
How much will that 'rocco be worth after the 3 years? Around £15,000? £8k in depreciation after 3 years isn't really that bad.
yes
yes
errm maybe...
Its really hard to compare it to a loan becuase of the bubble payment, and unless he decides to take a loan out at the "hand back" stage to cover the amount he owes then you really cant compare it like for like to a bog standard loan
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PCP is finance, not leasing. The payment distribution doesn't change that.
Soldato
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I'd imagine less as AT has 6/12 month old 1.4 TSI Roccos for around £15,000
Soldato
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God didn't know they were that expensive. There's none for sale at the moment under £15,000 so i'm guessing in 3 years time when people are bored of them and with the crappy engine it'll be worth around £12,000.
I'm talking about LOAM who is buying a decent spec one, 2008 examples of the same car are £20k...
I picked my 8 month old 09/59 2 litre GT (yes real GT this time 
) TSI DSG for a little over 20K, its book price was about 26.5K.
They are more if you want leather interior but myself and the wife really didn't want it, but you can add another £1500 on or there abouts for a leather int. Part of the high 2nd hand value is the lead in time for a new one, which IIRC is about 5 months at the moment, with little sign of it ever letting up.
) TSI DSG for a little over 20K, its book price was about 26.5K. They are more if you want leather interior but myself and the wife really didn't want it, but you can add another £1500 on or there abouts for a leather int. Part of the high 2nd hand value is the lead in time for a new one, which IIRC is about 5 months at the moment, with little sign of it ever letting up.
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Even with the most extreme example you could find (including an awful mk4 Golf) your '£2000 difference' estimate still looks ridiculous.
[edit] Ahh.. ok £9k odd balloon, certainly he'll have a little amount of equity in it then...
So taking a £2K as the equity left, then my £2K difference sounds OK with some real world example data
OK, I'll say it was a stretch, but clearly it's not out of the realms of possibility..
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I would say that it would certainly be worth more than the 9K that would be owed on it, and tbh even if its not because (if LOL like they scare you with by telling you) the bottom has fallen out the 2nd hand petrol market, its guaranteed to be worth the final payment.
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Every single piece of literature I've read says that customers lose any rights to a "cooling off period" if the agreement is signed on the dealer's or lender's premisis.
I'm sure dealers could offer a period if they wanted to - but I can't see any legal requirement to.
you can pick up a April 09 Viper Green 1.4 manual but with 17" Donnington Alloys and 11K on its clock for £17, 990
http://www.volkswagen.co.uk/used/search?vehicleId=600993627¢reId=41803&alertId
I think personally I would have allowed someone else to have taken the hit tbh :|
But as said, who am I to lecture on the benefits of shopping around....
http://www.volkswagen.co.uk/used/search?vehicleId=600993627¢reId=41803&alertId
I think personally I would have allowed someone else to have taken the hit tbh :|
But as said, who am I to lecture on the benefits of shopping around....
Soldato
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What are we discussing here?
That new cars cost substantially more than nearly new cars?
we're discussing depreciating assets bought on finance, which wouldn't depreciate quite as fast if bought nearly new as opposed to new.