gregmk1
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Posts posted by gregmk1
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3 minutes ago, tigermad said:
Are you saying it's always best to be in negative equity if you intend to do another pcp then. At the end I mean. So you go in with no deposit at all from previous car? The guaranteed value is probably not going to help towards a deposit.
What I am saying is that in comparison to buying the car outright a "negative equity" situation is better.
Having "equity" to put towards another car means that you have just over paid for the car.
With PCP you can never lose. You know all the numbers beforehand.
Example:
GMFV > Value of the car ---- You have over paid for the car but the "equity" is offset against a new deal. You are no better or worse off.
GMFV = Valve of the car ---- You have paid the correct price for the car. You are no better or worse off.
GMFV < Value of the car ---- You have under paid for the car. You are better off.
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42 minutes ago, AllanDJ said:
Don't think that "happy" is a word used by too many people who've had an Octavia on a PCP recently!
If you look at the situation with cold, hard logic, these PCP deals have actually been in effect rather expensive PCH deals, where the "owners" paid rather more than they would have done for a PCH deal simply because that extra payment was supposed to be available to them as equity when they came to trade in their car. But lo and behold, equity was there none whatsoever, hence the reason my next car is PCH, may as well cut out all that extra expense right at the start and leave Skoda to worry about things like depreciation!
I agree that the recent PCH deals are very good but they were not around three years ago when the 0% PCP was the best available option.
The good thing about PCP is that you know the depreciation before you sign up!
Anyone who thinks that equity at the end of a PCP is a good thing is wrong.
In terms of PCP:
Equity = The amount you have over paid for the car!
Negative Equity = The amount you have under paid for the car!!
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10 hours ago, randomskodaperson2 said:
My pcp is ending in April / May and part ex is 1500 less than balance :-(
Don't be sad, you should be happy
You've paid £1500 less than the car has depreciated over the term of your agreement!!
Imagine if your car had £1500 "equity" in it. The £1500 "equity" covers the amount you've over paid for the car in the first place!
PCP is getting too much unjustified bad press at the moment.
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I've got a dog guard from my old MK5 Golf in my mk3 Octavia estate so I'm guessing it will.
Fit is perfect.
I must add that my dog guard is a full height single piece one, not the top grill type that attaches to the lashing points.
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I've got a dog guard from my old MK5 Golf in my mk3 Octavia estate so I'm guessing it will.
Fit is perfect.
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The way I see PCP is:
If the car is worth less than the GMFV at the end of the term then that is a bonus. VWFS has obviously underestimated the depreciation and you have paid less for the car over the term of the agreement than the amount the car has deprecated. WINNER J
If the car is worth more than the GMFV at the end of the term then that is a bonus too. Any remaining cash can be traded in against another deal. WINNER J
With PCP the future has been predicted for you so you can never have a nasty surprise.
Regarding the OP’s so called “negative equity”, this is always going to happen as PCP payments are linear and depreciation is exponential. If you decide to swap your car early you are always more than likely going to take a big hit.
For me PCP has been a 0% way to purchase a new car that I have every intention of keeping for at least 6 or 7 years.
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Amazing spot that - pleased I'm not the only person who likes peering underneath cars!
As much as I do like peering underneath cars I can't take credit for these photos. See below link:
http://www.skodaforum.nl/forum/i/eibach-verlagingsveren-octavia-combi.19270/page-3
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^
yes could just be some motor-show trickery.. we'll have to wait until there's a showroom spec car to look at.
Although i really like the idea of a vRS with another 10bhp and the diff, the Cupra ST also has the diff plus 50bhp more AND switchable dampers and nav as standard. Skoda need to have a very convincing pricing policy to make me choose this car over the SEAT.
It wouldn't be the first time.......
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Ordered White VRS TDI Estate with Winter Pack, Sunset Glass and Black Pack on 2nd November 2013.
Gone from wk17>wk13>wk14>wk11>wk21 now I do not have a build week at all!!
Just been advised provisional wk19. Assuming 3 weeks for build and delivery that'll be 29wks from order! :S
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Hi, has the dealer ordered it.
My dealer in Oxford has told me it isn't available to order.
Rob
Sent from my iPhone using Tapatalk
I've asked my dealer to order me one for when my car arrives. He hasn't said that its not available so I assume he can order it.
Having said that I'm 18 weeks into my order and I still do not have a provisional build week!! It maybe that he is waiting until my build week is fixed until he orders it, at which point he may find out that its not available :wonder:
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Dealer is going to order me one for when my new car arrives, if it ever does. £60.00.
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This may be of help to someone.
Refers to plug B, pin 50 for 2010 models onwards.
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Thanks for the replies. Going to head to my dealer with the part number and hopefully the can order one.
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I have it as a factory fit option. I'm using it as storage space for my 2nd warning triangle and fire extinguisher. Haven't touched it since...
Thanks for the info.
Would you be so kind to make a note of the part number?
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Ordered White VRS TDI Estate with Winter Pack, Sunset Glass and Black Pack on 2nd November 2013.
Gone from wk17>wk13>wk14>wk11>wk21 now I do not have a build week at all!!
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I haven't even seen this in the Czech accessory brochures. Is it maybe a factory fit option that we don't get in the uk?
Yeah you could be right. It might be worth me emailing SuperSkoda to see if they can supply it.
More pictures here:
http://www.auto.cz/test-skoda-octavia-combi-rs-tsi-kral-vsech-kombi-76678/foto?foto=32
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I've been wanting to add the below multifunction box to my new VRS order but after asking my dealer nearly a month ago I've still not had any positive response.
Does anyone know the part number so I can easily order one?
finance PCP
in Skoda Octavia Mk III (2013 - 2020)
Posted
Whether you have £1 or £5000 "equity" at the end of a PCP you are no better or worse off.
With PCP you are paying for the depreciation of the car.
If a nice salesman or women says to you "You can have this new shiny vRS for £10,000 over 3 years but it will depreciate by £13,000." Is this better or worse than it depreciating only £8,000?