Golf R - Leases

nam · 28 Jan 2015 at 11:32

If anyone is interested in these they are back at CVL..

http://i60.tinypic.com/34sf634.jpg

ChrisD. · 28 Jan 2015 at 11:54

What are the rest of the details, they're just headline figures.

panthro · 28 Jan 2015 at 11:56

I have all the details and considered it, but their quote of 12-15 weeks is optimistic to say the least. Expect to wait more like 6 months.

ChrisD. · 28 Jan 2015 at 11:58

My local VW dealer has one coming in within a few weeks, it's a car for the business manager to use but it was offered to me. The rates weren't any good though so I left it.

panthro · 28 Jan 2015 at 12:02

S2KIP said:
What are the rest of the details, they're just headline figures.

What details do you want? 9+23 (I think it's around £2000 deposit). All prices are plus VAT. 6p+VAT per mile.

[TW]Fox · 28 Jan 2015 at 12:12

I still dont really understand the fuss over these. If you were about to factory order a new Golf R yourself then as an alternative to that, this seems like a good deal. But they always seem to attract hoards of people who'd never normally want one just because it's perceived to be a 'good deal'. If you actually use your Golf to drive places then you quickly breach the mileage limit and end up paying more!

It seems to me it's only a 'good deal' because the residuals on the Golf are crap and the list price is comedy, not in its own right. It's still £8300 over 2 years to borrow a Golf and then leave it on your drive most of the time.

zegna · 28 Jan 2015 at 14:51

[TW]Fox;27544977 said:
I still dont really understand the fuss over these. If you were about to factory order a new Golf R yourself then as an alternative to that, this seems like a good deal. But they always seem to attract hoards of people who'd never normally want one just because it's perceived to be a 'good deal'. If you actually use your Golf to drive places then you quickly breach the mileage limit and end up paying more!

It seems to me it's only a 'good deal' because the residuals on the Golf are crap and the list price is comedy, not in its own right. It's still £8300 over 2 years to borrow a Golf and then leave it on your drive most of the time.

I think you've missed the importance of your last point. Having a brand new £30k car on your drive is worth the money for a lot of people..

Also increasing your milage to 10-12k @6ppm+vat isn't going to cost a huge deal. The point is this deal is way cheaper than other lease deals in which the RRP is similar.

Diesel · 28 Jan 2015 at 15:05

[TW]Fox;27544977 said:
I still dont really understand the fuss over these. If you were about to factory order a new Golf R yourself then as an alternative to that, this seems like a good deal. But they always seem to attract hoards of people who'd never normally want one just because it's perceived to be a 'good deal'. If you actually use your Golf to drive places then you quickly breach the mileage limit and end up paying more!

It seems to me it's only a 'good deal' because the residuals on the Golf are crap and the list price is comedy, not in its own right. It's still £8300 over 2 years to borrow a Golf and then leave it on your drive most of the time.

8,000 miles is plenty for some people. My gf has a commute of 3 miles each way, leaving plenty of miles to do other stuff before she hits the limit (she's got an A1 with an 8k miles limit).

Completely agree about borrowing a Golf though. Just seems alien to me to spend all that money and have nothing at the end of it.

Dangerous Dave · 28 Jan 2015 at 15:15

Second hand prices are mental for these just now as very few are for sale, you can still get approx 13% off via a broker so I expect that buying one picking the options carefully and selling it on will be cheaper than the 8.3k lease cost with no mileage worries.

The lease company will be making a profit for the price they are offering in any case.

MooMoo444 · 28 Jan 2015 at 15:27

Sounds like you're just paying the depreciation for the lease company that you'd normally lose when you drive a new car off the forecourt.

For that reason, I'm out.

grudas · 28 Jan 2015 at 15:29

Diesel said:
8,000 miles is plenty for some people. My gf has a commute of 3 miles each way, leaving plenty of miles to do other stuff before she hits the limit (she's got an A1 with an 8k miles limit).

Completely agree about borrowing a Golf though. Just seems alien to me to spend all that money and have nothing at the end of it.

MooMoo444 said:
Sounds like you're just paying the depreciation for the lease company that you'd normally lose when you drive a new car off the forecourt.

For that reason, I'm out.

which is exactly what you're doing, but you drive a brand new car? if it's the car you want and the monthly price is good with you then whats the difference between this and buying a new car and say loosing 10k on it?

Janesy B · 28 Jan 2015 at 15:35

MooMoo444 said:
Sounds like you're just paying the depreciation for the lease company that you'd normally lose when you drive a new car off the forecourt.

For that reason, I'm out.

Well that's how it works. Not everyone has a 30k lump of cash to spend on a car.

MooMoo444 · 28 Jan 2015 at 15:58

grudas said:
whats the difference between this and buying a new car and say loosing 10k on it?

You have a car to sell at the end of it one way, the other you don't

nam · 28 Jan 2015 at 15:59

Janesy B said:
Well that's how it works. Not everyone has a 30k lump of cash to spend on a car.

yep, those days are gone everyone has brought a vehicle on some sort of finance these days, PCP, PCH, BCH, etc..., I had an A1 S-Line before the R and always looked at what a supposed 2 year old vehicle would cost me to buy outright with the spec and it was always beyond my budget .. , always look to lease now, there will always be two camps in this debate..

if it appreciates buy it, if it depreciates lease it ..

Mickey · 28 Jan 2015 at 16:19

MooMoo444 said:
You have a car to sell at the end of it one way, the other you don't

Why does it matter how you lose money on cars?

SDK^ · 28 Jan 2015 at 16:50

MooMoo444 said:
You have a car to sell at the end of it one way, the other you don't

For some people having a car to sell is just hassle they don't need. Pay someone else to do for it you via a lease and save on Advertising costs, taking time out to show people the car or getting hit on part exchange costs.

Adam · 28 Jan 2015 at 17:05

[TW]Fox;27544977 said:
I still dont really understand the fuss over these. If you were about to factory order a new Golf R yourself then as an alternative to that, this seems like a good deal. But they always seem to attract hoards of people who'd never normally want one just because it's perceived to be a 'good deal'. If you actually use your Golf to drive places then you quickly breach the mileage limit and end up paying more!

It seems to me it's only a 'good deal' because the residuals on the Golf are crap and the list price is comedy, not in its own right. It's still £8300 over 2 years to borrow a Golf and then leave it on your drive most of the time.

I think there is a lot of truth in this, how many of the people who ended up buying a Golf R were actually planning on buying one before these "cheap" (they used to be a lot cheaper!) deals come about.

I'm pleased I leased my Fiesta but the mileage limit is a killer. I have 5k pa and I'm going to be paying excess mileage charges. It's cheaper to have this extra mileage from the outset than paying at the end.

The whole "you don't have a car at the end of it" is rubbish, I don't want a car at the end of it. I know exactly what I will get and how much it will cost me (if you ignore my miscalculation of the mileage limit by trusting the mrs!) . When I'm done with it I hand it back and get to drive a different brand new car for 2 years!

zegna · 28 Jan 2015 at 17:12

SDK^ said:
For some people having a car to sell is just hassle they don't need. Pay someone else to do for it you via a lease and save on Advertising costs, taking time out to show people the car or getting hit on part exchange costs.

Plus its not easy to shift a £20k+ car privately, without offering a significant discount Vs. a dealer.

Would love to see the figures in 2 years for leasing, versus buying. With the assumption being that buying entails taking a loan for 50% of the value (15k @ 6% interest, very typical for a buyer spending this much) and then a sale after at private value

My money would be on leasing being cheaper, and much less hassle. With the additional benefit of it not tying up a significant amount of money in the car.

Diesel · 28 Jan 2015 at 17:15

grudas said:
which is exactly what you're doing, but you drive a brand new car? if it's the car you want and the monthly price is good with you then whats the difference between this and buying a new car and say loosing 10k on it?

I'd stick to posting boring videos of cycling through traffic if I were you.

You pay £10k over 3 years (or whatever it is) and have no car at the end of it. It may be perfect financial sense for some people but I'd rather actually have a car I owned.

Adam · 28 Jan 2015 at 17:17

Diesel said:
I'd stick to posting boring videos of cycling through traffic if I were you.

You pay £10k over 3 years (or whatever it is) and have no car at the end of it. It may be perfect financial sense for some people but I'd rather actually have a car I owned.

But why would you rather own the car at the end of the term? What advantage does that offer you?