OP,
While some continue to use 'honesty' as an excuse to be rude, they do have a point...
I don't subscribe to the merits of 'owning' a car, but it is important to keep one eye on the future, and cars that depreciate faster than the repayments are rarely a sensible idea imo.
The reason the GAP insurance makes sense is because you lose so much money right away when buying such a new car. If you get 12 months into paying £275 a month, and start to feel like the stretch (your words) wasn't worth it, you won't be able to get out of the agreement without handing over thousands...
There are better cars available, but if you're a VW man, and want something a little more flash than a golf, what about an early EOS (plenty of manual 2.0 Sports for sub £13k)? They've already done the bulk of the depreciation, so if you were to get a loan (£13k minus your £4k deposit leaves £9k to borrow which should be circa £280 a month for 3 years, with NO balloon payment!) then if you change your mind in future you could sell and cancel the loan without penalty.
The 'rocco' will still be the same car in 3 years time. You could use the value in the EOS as a deposit on a 2.0 GT and have the engine / spec you really want, but can't quite afford just yet...
I'm all for living for the moment, but be wary of falling into a trap that could compromise your future...
Good luck...
