I've read that an Octavia vRS TSI can be had for a smidging over £15K.

I suspect this due to the fact that the car can now be considered run-out as the MK3 will be launched soon.

My wife and I are both considering leasing/PCP in order to free up the £15K equity we have in our current cars, and pay off our debts, and free some cash up.

Can I take advantage of a PCP against a cheap new vRS?

I would hope to try and put down a £1.5K-2K deposit and then keep payments to a minimum, £250-350 bracket. Not too worried about the GFV at the end - if it means the repayments are low then I'd probably just hand it back and start a new deal on something else.

Yeah drivethedeal

£15745 on DtD.

Bonkers cheap.

The problem is on PCP you pay the depreciation, and the TSI really does depreciate quite quickly!!!

That's why I went for the diesel, because it doesn't depreciate Any where near as quickly the monthly payments were less even thought the car cost more!

if not I would have had the petrol, plus coupled with the DSG box the petrol tax is stupid and not very fuel efficient. Fun though ??

I paid about £16,400 18 months ago and with 2k deposit I pay about £260

I paid about £16,400 18 months ago and with 2k deposit I pay about £260

Exactly, I paid £18k but put £3.5k down so we both 'financed' the same amount give or take. I pay £217 over 3 yrs

If I could of had the TSI for the same amount I would of. Although i do love the CR DSG :-)

Yeah I have no problem with paying depreciation, I don't want to own a car anymore. I did look at PCP on a Golf GTI but VW want 500 a month (at least online). Screw that. I looked at leasing - Octavia vRS was silly money a month. I would never buy a car on PCP at the end - I'd either hand it back and find a new deal or upgrade to a new one. 250 a month is fine - wife and I are fortunate to have quite a reasonable chunk of disposable income...

I went PCP on my Tsi 18 months ago.

Paid under £16k put down £2100 deposit and my PCP is £225 over 3 years. Dealer started off at £250 a month but as I was sitting ordering on the 23rd of December I played it hard !

I wanted a DSG Vrs but not a diesel, test drove the DSG diesel and then a manual petrol loved the DSG didnt love the diesel compared to the petrol on the day so not exactly perfect ! Waiting list for DSG's was too long for March 1st delivery, so had to compromise on a petrol manual !

I've owned a mk2 VRS previously and although it was a great all rounder, i never felt it was a particularly involving drive and the new FL (with the Korean style front end) leaves me cold tbh. BUT... Just over 15k is really a mad price for a VRS and as a bit of a bargain hunter I'm very tempted to have a test drive this week as I'm test driving a few other models too. You're doing well to get a flagship sports model from the class below for 15k so it really is a great option price/performance. :-)

Are you limited on mileage on a PCP, say 10,000 miles/year with a pence per mile penalty for each mile over?

I do 25,000 miles/year which I assume means I would be paying a damn sight more than £250/month over three years!?

Yes 10k I'd want. My wife does 3k a year so if we both did it we would share cars and share mileage out.

Just fired off an email to one of our local dealers, let's see where this goes..

Ah - spanner to my works - My original plan was to try and blag a few local dealers and see what they could do and failing that - go through drive the deal.

The problem with this of course is - DtD do not deal with part ex. That could make this more difficult initially. I hope this is worth it.

Ah - spanner to my works - My original plan was to try and blag a few local dealers and see what they could do and failing that - go through drive the deal.

The problem with this of course is - DtD do not deal with part ex. That could make this more difficult initially. I hope this is worth it.

Although DtD don't officially do part exchange, once you're in touch with the dealer, you can always ask what they will give you for your current car. Don't expect them to give you anything other than the minimum, but the savings on DtD should easily offset this. At least if the dealer turns out to be a long way, you can drive there in your old car and drive the new one home yourself instead of having your new car driven to your house by some car jockey - don't expect trailer delivery through DtD.

Really not worried about where the dealer is - so the thought of going through DtD anyway was a possibility.

To be honest I may just start off blagging the local dealers first and see where they stand. I don't even think the value of the car matters. I want to be able to put down 10%, £250 a month, walk away after 3 years - rinse repeat.

Would mean a very high GMFV but I just see it as a cheap way to lease - and leasing is more expensive anyway.

Edited 1 September, 201213 yr by g_tee

Don't walk away after 3 years as you lose the equity you have built up in the car. You can still trade the car in against another new one after say 2.5 years with the same or similar monthly payment using the equity as deposit.

Awesome - will bear this in mind. Just hope I can get the deal I want now.

I've spent weeks thinking about what to do, at this point I'm tempted to just sack it all off and just remap my current one and drive it into the ground. However, I'd still have to save up for a new car............. argh! lol

Remap your current car an run it into the ground...... this way you can save and wait to see what the new mqb platform Skoda octavia will be like , or even the new Rapid ( close in size to the current octavia ) .....if neither of these two cars float your boat. You are then looking at reduced priced run out FL models or special editions. Well that how most makers off load the previous model. Win win in my books.

Yeah, but on a PCP I could get a brand new vRS in 3 years time anyway - probably cost a bit more per month but by then my salary will be more, and it would be a calculated expense that I can budget for.

I've done some more maths and worked out that if I bought a car outright, you are looking at depreciation of, on average, £2000 a year. If I PCP'd it it'd cost £3K a year but I get a brand new motor every 3 years and never worry about selling privately blah blah and all that.

I really can't see the argument for "ownership" of a car anymore when you look at the figures above. I've read countless threads on the internet and the one comment that always strikes me is "well you don't have anything to show for it after the three years" - but then they forget that you've had the USE of a brand new car.

With my current car - it currently needs a few hundred spending on it for wear and tear items. What if something breaks? It's a big unknown that I'd rather do without. I had a big repair bill out of warranty once - £700 it cost and had eff all help from the dealer. I'd rather spend my £250 a month on a brand new car than save up £15K, have it be only worth half of that in 3 years, oh and I've got to spend £xK repairing it.

Edited 2 September, 201213 yr by g_tee

Yeah, but on a PCP I could get a brand new vRS in 3 years time anyway - probably cost a bit more per month but by then my salary will be more, and it would be a calculated expense that I can budget for.

I've done some more maths and worked out that if I bought a car outright, you are looking at depreciation of, on average, £2000 a year. If I PCP'd it it'd cost £3K a year but I get a brand new motor every 3 years and never worry about selling privately blah blah and all that.

I really can't see the argument for "ownership" of a car anymore when you look at the figures above. I've read countless threads on the internet and the one comment that always strikes me is "well you don't have anything to show for it after the three years" - but then they forget that you've had the USE of a brand new car.

With my current car - it currently needs a few hundred spending on it for wear and tear items. What if something breaks? It's a big unknown that I'd rather do without. I had a big repair bill out of warranty once - £700 it cost and had eff all help from the dealer. I'd rather spend my £250 a month on a brand new car than save up £15K, have it be only worth half of that in 3 years, oh and I've got to spend £xK repairing it.

You do have something to show for it, whatever equity you have built up. I don't look at what a car costs to buy (obviously I look to get lowest price) I look at what it costs me to own in 2-3 years, the depreciation. That's what I want to pay for and I am not interested in owning the car outright. Money tied up in a depreciating asset makes no sense to me.

You do have something to show for it, whatever equity you have built up. I don't look at what a car costs to buy (obviously I look to get lowest price) I look at what it costs me to own in 2-3 years, the depreciation. That's what I want to pay for and I am not interested in owning the car outright. Money tied up in a depreciating asset makes no sense to me.

Exactly my point (albeit you explained it better with regard to equity)

Just remember that if you simply hand back the car at the end of the PCP and they find fault with it (scuffed alloys, paint damage, interior damage, etc.) that you might have considered fair wear and tear, you'll have to pay for it.

The best way to look at a PCP deal is that you'll treat it like you own it and attempt to come out the other end with as close to your deposit back as possible (e.g sale price less balloon payment). This will then become your deposit for the next one.

Out of the 7 new cars we've had (exluding the current 2) we've exceeded the balloon payment in all 7 cases and made the deposit back in 4, didn't on two others because we kept them each for a further year and was about £500 short on the final one.

Just don't treat them like rental cars, negotiate hard and you'll be fine.

That's the plan - fair game to expect to pay for damage. (If any).