Go for it

My post was a call to everyone to say what a great deal the 1.8 TSI is

I have one, its a fast, comfy car with few issues, for £5 grand a bargain.

What is the point of owning a depreciating asset anyway?

Buying a cheaper car wont depreciate as much so you wont lose as much money. I understand your point but I just cant bring myself to "lose" that kind of money. Buying a car at 10K and having a car on pcp and spending 10K are totally different prospects. You have to tax, insure and maintain the cars whatever option you choose. If you buy an older car there will be mot costs as well which you wont have on a new car.

Providing the maintenance cost are the same for both vehicles (which is all we can assume) at least at the end of 3 years you have an asset to sell to recoup some of that initial 10K. You might get 50-60% back where as on pcp you will have 0%.

Of course its all personal choice and it depends on personal circumstances so there is no right or wrong option just the best option for you at that moment in time.

Definitely - I worked this out - it would take you 18,000 miles a year over 3 years to break even now.

I would say that Diesel vs Petrol is now a preference, not a money saving method. What with DPF worries etc - I'd prefer a petrol.

Unless of course I was doing 25K-30K per year or more then obviously diesel makes sense. For short distances, I don't agree.

Well interestingly going through all the figures with the mrs tonight to try and explain this exact point payback period for the diesel option over a petrol including the sale price difference of £4,800, VED difference of £80 a year and the difference in fuel price v mpg etc the break even point is 11.5 years. All based on low mileage of around 4k a year. Now thats a massive difference but she cant see past the what it costs to fill up every week issue

Go for it

My post was a call to everyone to say what a great deal the 1.8 TSI is

I have one, its a fast, comfy car with few issues, for £5 grand a bargain.

Buying a cheaper car wont depreciate as much so you wont lose as much money. I understand your point but I just cant bring myself to "lose" that kind of money. Buying at car at 10K and having a car on pcp and spending 10K are totally different prospects. You have to tax, insure and maintain the cars whatever option you choose. If you buy an older car there will be mot costs as well which you wont have on a new car.

Providing the maintenance cost are the same for both vehicles (which is all we can assume) at least at the end of 3 years you have an asset to sell to recoup some of that initial 10K. You might get 50-60% back where as on pcp you will have 0%.

Of course its all personal choice and it depends on personal circumstances so there is no right or wrong option just the best option for you at that moment in time.

I agree, but my point is that we are all too hung up on "owning" a car, when at the end of the day you will always lose money on a car that you own.

At least with the PCP route - you can be guaranteed of a brand new car every three years whereas with a loan etc it would be more difficult as you'd always be owing the bank and then having to try and trade it in/sell it privately at the end.

Now - if you are the kind of person who likes to keep a car until its dead- then PCP/loans are the worst ways. Pay cash - and take the hit over a longer period of time. Personally, I like to be in a new car because I get bored and I'd rather spend my money on owning a newer car to get newer gadgets/better performance etc. I appreciate that a lot of people here will hate this attitude, but hey - we all pays our money and takes our choice - I don't try and tell anyone how to spend their money, nor would I expect anyone to tell me how to spend mine.

I just believe that in certain circumstances, different payment methods suit different attitudes towards car ownership - and it's only really by spending weeks researching each payment method, playing with calculators online, talking to other people to see how they all do it do I realise and understand all of the different approaches and why it may suit in different circumstances.

Maybe I am wrong to want a "new" (not necessarily brand new) car all the time? Maybe it is just my paranoia that suddenly my car will need a new turbo and replacement gearbox in the next 6 months that's what puts me off owning an old car? I can't be bothered faffing about ringing people to source cheap parts or pay hundreds to repair old bits. Yeah sure, financially, long term, this is probably the best option - but I know which I'd rather be doing.

At the end of the day a car will depreciate no matter what method of paying you use

Also, sorry to steer this topic massively off course - 5K for this car is a bargain.

Well interestingly going through all the figures with the mrs tonight to try and explain this exact point payback period for the diesel option over a petrol including the sale price difference of £4,800, VED difference of £80 a year and the difference in fuel price v mpg etc the break even point is 11.5 years. Now thats a massive difference but she cant see past the what it costs to fill up every week issue

Don't forget the more expensive servicing for a diesel...

The 1.8 TSi will not lose much, a car of legend!!

I paid £5200 in Feb 2012 for mine shes a 58 reg with 62K

The 1.8 Tsi from car giant is going for £4999, shes a 08

This means I have lost £200 in 6 months.... not bad at all! ( and mines a Sept 58 reg with extras)

Still feels like a new car, Im not fussed about losing money, I will move on in 18 months and probably sell for 3 grand

Who cares 2 grand loss in 2 years is a pittance to some on here who lose 8 grand in 2 years and suffer problems

Go for it

My post was a call to everyone to say what a great deal the 1.8 TSI is

I have one, its a fast, comfy car with few issues, for £5 grand a bargain.

Shame its not a bit closer to me I would defo go and have a test drive.

Don't forget the more expensive servicing for a diesel...

Really? Diesel or petrol, if on variable servicing both engines require the more expensive longlife oil (VW 505.00 & VW 507.00).

Edited 1 September, 201213 yr by silver1011

Oh - my bad

The 1.8 TSi will not lose much, a car of legend!!

I paid £5200 in Feb 2012 for mine shes a 58 reg with 62K

The 1.8 Tsi from car giant is going for £4999, shes a 08

This means I have lost £200 in 6 months.... not bad at all! ( and mines a Sept 58 reg with extras)

Still feels like a new car, Im not fussed about losing money, I will move on in 18 months and probably sell for 3 grand

Who cares 2 grand loss in 2 years is a pittance to some on here who lose 8 grand in 2 years and suffer problems

Great price in comparison.

Did you buy private or from a dealer?

I bought mine form the same place of the link... Car Giant, they are friendly and cheap!

Sadly It appears unfashionable to buy a petrol car these days... people scream "what about the depreciation" "rubbish MPG" lol

I paid less in the first place so its no big deal to me

Shes a nimble girl... 0-60 in 8 seconds, devastating in third from 30-50mph, a great overtaking car.

A petrol VRS without the body kit!

I bought mine form the same place of the link... Car Giant, they are friendly and cheap!

Sadly It appears unfashionable to buy a petrol car these days... people scream "what about the depreciation" "rubbish MPG" lol

I paid less in the first place so its no big deal to me

Shes a nimble girl... 0-60 in 8 seconds, devastating in third from 30-50mph, a great overtaking car.

A petrol VRS without the body kit!

Is yours an Elegance?

What extras have you got?

The one for sale in the link is an 08 with near enough 78k. Compared to your for £5,200 a 58 with 62k it seems like you got a good deal.

The link also says £4,995 plus £99 admin fee. How much did you get of the screen price of your car?

P.S. How long have you worked for Car Giant?

Hehehe

Well I got Sunroof, Brilliant silver paint and light assist

Full dealer SH with a 60K service a month before I bought her so I went for it

Yes you have the £99 fee , and no idea why lol

Sadly It appears unfashionable to buy a petrol car these days... people scream "what about the depreciation" "rubbish MPG" lol

This misconceived perception is starting to change.

After the fuel economy a big seller for the diesel option was often long term durability.

Sadly modern diesel engines are far more complicated these days.

If I didn't do 25,000 miles a year I'd be chopping my PD170 in for a petrol tomorrow.

For a 2008 model that does seem pretty good.

Something funny about the reg number OU08XCL though - it does not come up from the data base. OU is Oxford

Probably an ex Skoda car. Mine was originally owned by Skoda UK and is an OU reg. Don't forget head office is in Milton Keynes. There are quite a few Audis around with the same start to the reg and I think they are based in MK too.

Lot of "VW Press" or "Skoda Press" cars are O* sommat

There is an Audi TT which is only one letter different from my car which caused a slight problem when trying to get the windscreen replaced.

If fueling up is the issue say you will fill the tank one a month from the saving and she can fill it evey other week.

Or just give her a £100pm allowance from the saving.

With 4 short trips 20miles a day there are probably other options older and cheaper smaller but the £5k octi looks like it could be worth a punt.

I picked up a 1.9 DSG and the short trips don't give you much MPG,

2 mile trip back from a concert last night got 36mpg on the trip computer and that was a run with the light all at green,, a stop start the other day(bridge repairs) got <20 for similar run(I know we should walk).

Probably find a light foot the 1.8 will get close to that, for a bit more money you could look at the 1.4 or even the 1.2 or even look at a fabia(did I say this allready?).

Edited 2 September, 201213 yr by P&N

Personally speaking if you are after a fast , reliable, relatively economical car with the most desirable extras.

like Maxidot, MFSW especially in Elegance spec then that car is impossible to beat.

MPG is not the only issue that makes a car cheap to run...

From the forum it appears once the diesels are out of warranty they can give rise problems which cost major money

Surely this is a factor to consider, and if you are not doing high miles then why buy a diesel to save a fiver a week in fuel?

Both the 105 derv octavias at my work have had DMF replaced after 50,000 miles and out of action for a week for the parts!

It appears that if you want a cheaper car to run in fuel per week you have to buy a more expensive or even older car...

IMHO that does dot make sense at all

My maths are telling me this: -

My wife and I have debt. (As do we all, well ok, MOST people)

Option 1 - save for 3 years to buy a new car. Problems with this approach - I have 3 years where my car could cost me a big repair bill. By the time I have saved up the £11K i'd need to buy this vRS for £16K - it would be long gone as the "new" vRS would be out by then and I'd have to save more to buy a brand new one. (I'm comparing having a new car on PCP here, so this is fair game). My car will also have suffered another 3 years of depreciation, thus I'd have to save even more. Suddenly, paying cash for a vRS now looks like it'll take me 4-5 years if I were to only put aside £300 a month (I don't think I could get away with saving up for one year and paying for a new car despite the fact that I could do so. All must be done over same period to make it fair imo)

Option 2 - take out another loan. This would add another £339 a month to our outgoings, on top of the current debt that we have. This would take our debt up another £11K as well. OK it would be unsecured so if there were to be any problems then I could easily sell the car and at least cover the loan in the first two years (just) if the depreciation doesn't take the mickey. By the time I get to the end of the three years, I would have effectively outlay nearly £17K if you include the cost of the credit, and come trade in time (3 years) I'd be laughed at by a dealer and wonder why my £17K asset is now £9K

Or

Option 3 - Chop in both cars. Free up £15K of cash in the equity of the two cars my wife and I own. Use £4K of this to pay for two deposits. I have £11K left over. This pays ALL debt for us - so our outgoings would now be £500 a month for two PCPs. We can then save the rest of our disposable income (~£1300 a month) and enjoy two brand new, worry free cars. After three years, hand both back, find another £4K (which we would have *easily* saved over the 36 months) and enjoy two brand new cars again.

I've worked out the savings for each option, and after Option 3 - We would be £1000 *better off* than option 1 and 2 - and we have been using two new cars during those 3 years.

Looks like the reason you have debt(£11k) is you have bought expensive cars.

With £1800pm that debt is paid off in 6 months and the £16k needed for the new car is another 9 month

But that will be sooner because you still have equity less repairs.

look at the senarioes ending with no cars, debt 10%, saving 3%

With option 3 running 2 new cars cashing in the current ones to pay off the debt and put down deposits

£4k + £500pm over 3 years saving £1300pm

savings £48900

option 1 running current cars

-£11k + £1800pm over 3 years -repairs + equity

Savings £57400k + the difference in equity-repairs.

Edited 3 September, 201213 yr by P&N

Nah, that £11K is nothing to do with cars, I assure you

You missed out that the difference between option 1 and 3 = option 3 - two new cars today

option 1 - no new cars in 3 years time, but £57K in my pocket

Nah, that £11K is nothing to do with cars, I assure you

Thats a detachment a lot of people make, don't see that spening in one area causes debt in another.

You have allready identified that if you did not have the cars you would not have the debt.

Option 1 to option 3 is comparing running old against new, the end point is the same no cars start again.

To do a like for like you need to buy 2 new cars and run the numbers against the renting option.

trade yours, pay off the debt, £4k cash left 2*£16k new cars, £28k @10% £500pm for 3 years left with £16,700

if there really is 2*£9k residual net £1300

No really, please do not make assumptions!!

£7K of that was only started 3 months ago because we needed the garden renovating.

All the car business was *last year*

Anyway - this topic has been veered off enough by me as it is.

Mods - any chance of a clean up?

Edited 3 September, 201213 yr by g_tee

Yes I agree... so somebody buy the 1.8 Tsi and enjoy a fantastic car for peanuts... we need more Tsi owners on here

£4799 £20 a day off thinking time.