Caporegime
Hi all,
Just want some advice on this deal that my local VW dealership is willing to do for me on a 14 reg VW Golf 5 dr hatchback 2.0 TDI GT with the auto DSG box.
So basically i put down £3k as deposit, they contribute £750 deposit as its a new car then pay £330 per month over 48 mths but after 2 yrs i can bring the car back and exchange it for another one at a newer reg. Or i can carry on paying £330 for the duration of the lease which is 48 mths, at the end i can either pay £10k as a balloon payment or re-finance the balloon payment...at the end i own the car.
At the end of the 48mths they are guaranteeing me the car will be worth about £10k, if i bring it back sooner then it will be worth more.
To sweeten the deal he is throwing in a yrs road tax, which is cheap as chips...£30 a yr. Car mats, guardX which protects the interior and exterior along with a full tank of diesel. The car at the moment is £26k, but hes reduced it to £25k.
So what do you lot think??, i havent signed on the dotted line ie i havent said yes or no yet. Told them id have a think about it and let them know by tomorrow. If i decide to go for it then ill go back and ask them to do something further to sweeten the deal ie get them to reduce the price further, throw in 4 yrs servicing for free or ask them to pay my first yrs insurance. I may not get any of those above but its worth asking right??
Personally by my own calculations, the car is costing me roughly £4200 a yr in payments although first yr will be £7200 due to the £3k deposit.
Ill be back later tonight as im out doing a few things so would be interested in hearing some of your thoughts.
Just want some advice on this deal that my local VW dealership is willing to do for me on a 14 reg VW Golf 5 dr hatchback 2.0 TDI GT with the auto DSG box.
So basically i put down £3k as deposit, they contribute £750 deposit as its a new car then pay £330 per month over 48 mths but after 2 yrs i can bring the car back and exchange it for another one at a newer reg. Or i can carry on paying £330 for the duration of the lease which is 48 mths, at the end i can either pay £10k as a balloon payment or re-finance the balloon payment...at the end i own the car.
At the end of the 48mths they are guaranteeing me the car will be worth about £10k, if i bring it back sooner then it will be worth more.
To sweeten the deal he is throwing in a yrs road tax, which is cheap as chips...£30 a yr. Car mats, guardX which protects the interior and exterior along with a full tank of diesel. The car at the moment is £26k, but hes reduced it to £25k.
So what do you lot think??, i havent signed on the dotted line ie i havent said yes or no yet. Told them id have a think about it and let them know by tomorrow. If i decide to go for it then ill go back and ask them to do something further to sweeten the deal ie get them to reduce the price further, throw in 4 yrs servicing for free or ask them to pay my first yrs insurance. I may not get any of those above but its worth asking right??
Personally by my own calculations, the car is costing me roughly £4200 a yr in payments although first yr will be £7200 due to the £3k deposit.
Ill be back later tonight as im out doing a few things so would be interested in hearing some of your thoughts.