VW personal car hire

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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.
 
It's almost £20,000 to borrow a Golf diesel for 4 years. It's really not a very good deal.

If you really want a new Golf diesel, buy one through a discounter for £24k, use a £4k deposit and take the rest on a £20k personal loan from Santander @ 4%. Miles cheaper.
 
Very expensive! just have a look at how much 12reg is now to have an idea of what this will be worth in two years. Seems like a lot of money for a golf. What mileage?
 
Sounds like a naff deal to me.

To sweeten the deal he is throwing in a yrs road tax, which is cheap as chips...£30 a yr.
So £30 off the deal...
Fair enough, although it's pretty normal to get mats thrown in.
guardX which protects the interior and exterior
Worthless
along with a full tank of diesel
£65
The car at the moment is £26k, but hes reduced it to £25k.
Is that really market value? £25,000 for a 2.0 diesel Golf?
 
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That really does sound horrendous. Go through a broker and personal loan ( or even vw finance if they'll do a low enough rate) - or with those kind of values you'd almost be better off leasing it.
 
Just a random example. This took me two seconds to find.

Golf Gt TDI 2.0 dsg, I added you xenons (at £800), metallic paint, and a couple of other £100 or so options I though looked like they'd be worth having. In the print it says it'll add £800 back on if you don't take their pcp so you'd probably end up paying £23.8k for this spec:




Take this (well your own tailored version), either from them or use it to get VW to match, take your £3k deposit, split the rest over a personal loan for 4 years. Then you'll be spending £20k+interest (£23 if you include deposit) over the same term and actually owning the thing

Alternatively VW will sell you one just under a year old for £20-21k with some options already ticked....take your deposit off that and it's got to look mighty tempting
 
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Broad speed are £22.2k without any options not sub £20k??

They don't seem to list the same options as each other, which is always concerning - broadspeed don't list the no PCP increase though so looks possibly a better deal
 
Loads, I quickly looked at the repayments on a low interest £20k loan which were about £390 over the maximum term which I think was 6 years or closer to £500 over 4 years and total to pay of £22.5k or so ( which is bloody good imo, just not figures I'd ever be happy to pay out)


Those figures are a salesman's wet dream " £300 a month from us sir, oh you don't need to look at that total to repay box, just hand it back 4years later, we have done you a thoroughly sparkling deal here....trust me, I had to ask the manager!"
 
Have you looked at going slightly used maybe 2 years old? Using your 3k then using a bank loan for the bit left over?

How much are 1- 2 year old golfs?
 
[TW]Fox;26495395 said:
Hang on, is this car actually brand new factory order? It sounds like it isn't. This deal gets worse!

It is, brand new and hasnt been registered as of yet. 10 miles on the clock when i took it out for a test drive on the weekend.

Spoken to the dealer this morning and hes now dropping the price to £23k and is now throwing in a years free insurance for me as well.

Makes it slightly better i think but again havent said yes or no, said ill think about it.

Thanks for all your views though, really appreciate it.
 
Its still not a new, ordered car though - unless it has the options you want and equivalent from a broker is more money I don't see the point?
 
Its still not a new, ordered car though - unless it has the options you want and equivalent from a broker is more money I don't see the point?

Yep that is true, a new ordered car in the same spec as the one im looking at would be a 2-3 mth wait from what they are telling me.

Anyhow after more thinking about this so called deal, ive decided against it now unless the dealer comes back with something even better price wise but cant really see it.

Cheers for all the opinions and views.

The search continues for a Golf TDI for the missus lol.
 
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