ive actually got a different finance offer that i took a picture from my phone at good wood ! same car less deposit.. bigger GFV

You want the GFV as high as possible because total cost - the GFV is what you finance

There is positive and negative to a high GFV.

 

High means your monthly payments are lower, but it means after the PCP ends you'll have little equity in the car.

In the example above the deposit is nearly £7k.  So you then need to find that again from somewhere to start a similar deal again.

 

Low means you should have some retained value in the car, giving you your deposit (or a share of it) for next time if you want to keep going the PCP route.

But of course monthly payments will be higher.

 

On a 0% deal like this a high GFV seems quite good to me if you want the car cheaper to rent.

Because you are paying no interest on that figure for the whole term of the deal, which you would usually be.  So it's going to save you a lot of finance charges.

There is positive and negative to a high GFV.

 

High means your monthly payments are lower, but it means after the PCP ends you'll have little equity in the car.

In the example above the deposit is nearly £7k.  So you then need to find that again from somewhere to start a similar deal again.

 

Low means you should have some retained value in the car, giving you your deposit (or a share of it) for next time if you want to keep going the PCP route.

But of course monthly payments will be higher.

 

On a 0% deal like this a high GFV seems quite good to me if you want the car cheaper to rent.

Because you are paying no interest on that figure for the whole term of the deal, which you would usually be.  So it's going to save you a lot of finance charges.

 

^^^^ Spot on 

There is positive and negative to a high GFV.

High means your monthly payments are lower, but it means after the PCP ends you'll have little equity in the car.

In the example above the deposit is nearly £7k. So you then need to find that again from somewhere to start a similar deal again.

Low means you should have some retained value in the car, giving you your deposit (or a share of it) for next time if you want to keep going the PCP route.

But of course monthly payments will be higher.

On a 0% deal like this a high GFV seems quite good to me if you want the car cheaper to rent.

Because you are paying no interest on that figure for the whole term of the deal, which you would usually be. So it's going to save you a lot of finance charges.

Indeed. I think putting down a large deposit on a PCP is only worth doing if you are set on buying the car at the end of the term. Im terrible, I PCP my cars now as keeping one for 18 months now seems good going for me, I put down as little as possible to get to a suitable monthly payment over the maximum 42 month term.....at the end of the day though if I wanted to keep my car the GFV payment is going to be alot lower than the retail cost of the same car from an approved used forecourt...also a 1 owner car in good nick with lowish mileage....and that one owner was me from new! PCPs with lower GFVs are quite good for these purposes as in many cases its worth buying the car as its cheaper in most cases than replacing it for something equivalent. If I keep mine to the end of its term id probably buy it using cash and a small loan and give it to the missus.

Edited 16 July, 201312 yr by pipsyp

anyone seen any examples on the petrol vrs?

Kenny, I'd be interested too in the petrol VRS. The thIng that stopped me buying a mkII vrs on PCP was the extra money needed each month on petrol to cover the increased depreciation.

I've got a figure of 300 a month in mind after minimum deposit and for that I want a well spec'd petrol. Leather, cruise, maxi dot, black pack etc. I think a lot will depend on if they discount from the off.

anyone seen any examples on the petrol vrs?

Yes, drove a white estate at Goodwood on Sunday, vrs competition win, its a very capable car and couldn't believe the speed it could hold onto the corners with, a blast in every sense of the word. Can't say its enough to tempt me away from my mk2 fl vrs though.

Edited 16 July, 201312 yr by Chris B

Yes, drove a white estate at Goodwood on Sunday, vrs competition win, its a very capable car and couldn't believe the speed it could hold onto the corners with, a blast in every sense of the word. Can't say its enough to tempt me away from my mk2 fl vrs though.

 

Thats what surprised me the cornering speed. We went up the hill on Thursday in the Blue hatch and the Electronic Diff seams very good. Someone mentioned body roll aswell but i couldn't feel any. Although the Estate is 1" lower, what did that feel like for body roll.

 

It was enough to tempt me. Im currently trying to convince the wife that the Blackline looks dated now and the new one is much better plus the money we will save on 0% finance will help bridge the gap from selling ours and buying the new one etc.

The estate is not 1" lower. The hatch is lower by 12mm (half an inch) and the estate by 13mm. So the difference between hatch and estate is negligible.

anyone got any PCP examples for the Petrol VRS yet?

anyone got any PCP examples for the Petrol VRS yet?

 

Can't be too hard to work out based on the DSG TDI one above, can it?

 

EDIT:

 

For instance, if you just copy the percentages from the above DSG TDI estate example, you get (roughly):

 

Manual Petrol Hatch: £22,990

Deposit (29%): £6667

Final Payment (49%): £11,219

Remainder (22%): £5058 which gives,

Monthly payments of £140.50 (£5058 divided by 36).

Meteor grey - Emporer's new clothes? Is it just me or is that just primer - like on steel girders?

Well, it's good, isn't it? If you get a stone chip or a scratch, you will never see it, as the primer is the same color as the paint itself 

On the MKII the petrol always had a lower gmfv so payments were often cheaper on the diesel even though it was more expensive.

I'm hoping the improved economy and cheaper road tax may see an improvement in the predicted values of a petrol vrs this time round.

Can't be too hard to work out based on the DSG TDI one above, can it?

EDIT:

For instance, if you just copy the percentages from the above DSG TDI estate example, you get (roughly):

Manual Petrol Hatch: £22,990

Desposit (29%): £6667

Final Payment (49%): £11,219

Remainder (22%): £5058 which gives,

Monthly payments of £140.50 (£5058 divided by 36).

Thats exactly what i did to work out roughly what id pay for a diesel estate with option i want

Thats what surprised me the cornering speed. We went up the hill on Thursday in the Blue hatch and the Electronic Diff seams very good. Someone mentioned body roll aswell but i couldn't feel any. Although the Estate is 1" lower, what did that feel like for body roll. It was enough to tempt me. Im currently trying to convince the wife that the Blackline looks dated now and the new one is much better plus the money we will save on 0% finance will help bridge the gap from selling ours and buying the new one etc.

Can't say body roll gave any issues, passed another estate on the motor circuit and at first thought why's there a 4x4 vw out here? Think its a strange optical illusion of the rear diffuser and general shape makes it look huge. You may want to hold back on your order, as other options were in the pipeline, something about emphasizing engine note by transmitting vibrations through the A pillars and windscreen, also something about giving the exhaust note a sportier sound.

@Chris B, whom did you hear this from?

Can't be too hard to work out based on the DSG TDI one above, can it?

 

EDIT:

 

For instance, if you just copy the percentages from the above DSG TDI estate example, you get (roughly):

 

Manual Petrol Hatch: £22,990

Desposit (29%): £6667

Final Payment (49%): £11,219

Remainder (22%): £5058 which gives,

Monthly payments of £140.50 (£5058 divided by 36).

thanks for that, I know what you mean, but that GFV/Final payment, seems overly high to me, thats why I was asking.

I was told its 51% due to the demand for octavia's, its shooting up cause a lot of company cars and taxi's ect due to the good offers they are doing its holding the value high

@Chris B, whom did you hear this from?

PR chap doing the presentation after the laps of the circuit. Think exhaust note was something being seriously considered, no build date given, think it was around build week 30 ish mentioned for the other.

Is it some sort of electronic through the speakers sound or actual exhaust tweaking, do you know? From what I heard the fake noise is already there on the TDI (mentioned in some reviews as well). If it's electronic, I hope it can be turned off!

Is it some sort of electronic through the speakers sound or actual exhaust tweaking, do you know? From what I heard the fake noise is already there on the TDI (mentioned in some reviews as well). If it's electronic, I hope it can be turned off!

sorry don't know, I was listening, honest.

thanks for that, I know what you mean, but that GFV/Final payment, seems overly high to me, thats why I was asking.

 

Skoda could be overstating the GFV a little to make it cheaper to buy... as it'll sweeten the pill with the new Octy VRS being so much more expensive than the last one which was on the VAT free deal.

 

Just a thought... Nissan did the same with the LEAF, which will (IMO) come back to bite them on the behind.

Thats exactly what i did to work out roughly what id pay for a diesel estate with option i want

 

If I recall correctly the GMFV i teh same regardless of options you choose?  So if you add £2K of options that would be paid outright over the term of the PCP as opposed to 51% deferred to the final payment, just worth putting that in the sums, but, all teh sums I have done so far myself mean that this could be a good option price wise, if Skoda whack the GMFV too high thats there problem come the end of the term, well not that I will ever get to the end of teh term as I never do!!!

I am very tempted with the new vRS estate with DSG.

 

The 0% and free servicing makes up for the lack of vat free as there seems to be about 10% off online already.

 

I was tempted with an older A6 177PS Le Mans at £17k but for a three year old car with 69,000 and the potential bills out of warranty the new 0% deals makes your wallet feel safer.

 

I bet the delivery times for the estate are going to be long.