SUK phoned me today to confirm that the Octy VRS will be included within the 0% PCP promotion when the car is released.  Happily it's not, as I suspected it might be, one of the excluded models.

 

To further perk me up my local Kent dealer tells me that their Petrol Estate (sorry, Combi ) demonstrator is currently in Emden waiting to come over so I should be able to get a test drive in one within a couple of weeks all being well.

So what if we made our order a couple of weeks ago but aren't taking delivery until September? Can we take advantage of this offer? Anyone had any luck?

The car isn't released yet?  Not until Goodwood so doubt anyone will have ordered one yet at least in the UK. 

It would be a brave person who ordered without a price list.

 

The 0% finance is a big plus for me. Now lets see if I like the car and price.

On the topic of PCP but slightly different - Does anyone know if you get the  " free " breakdown cover with a car on PCP ?

 

As am thinking about this option when it comes time to change my car- if this is so then it could save me a few pennies.

All cars bought new are covered with 3 years Warranty and RAC cover however it is financed 

So what if we made our order a couple of weeks ago but aren't taking delivery until September? Can we take advantage of this offer? Anyone had any luck?

I signed up before end June and got the £500 plus 3 yrs servicing offer. When the 0% PCP deal started on 1st July the dealer did the maths & said I should go for this, but when he spoke with Skoda finance they are holding me to the first deal even though my car won't be here until Sept/Oct. So it seems like the answer to your question is "No".

I signed up before end June and got the £500 plus 3 yrs servicing offer. When the 0% PCP deal started on 1st July the dealer did the maths & said I should go for this, but when he spoke with Skoda finance they are holding me to the first deal even though my car won't be here until Sept/Oct. So it seems like the answer to your question is "No".

 

When I bought my VRS last year, the deal I agreed to was at one price and it worked out at a certain monthly payment, but, then when I collected the car 6 months later, they monthly payment had gone down as the residual GMFV had risen, and also the £500 deposit contribution had started by then, so that got included as well, also the 3 years free servicing as well, so I managed to get all deals included!

 

Although, I believe how it works is, you get a quote for the finance, you order the car, that finance quote is guaranteed for that 1/4 of the year, plus the following 1/4 of the year, should you then fall into the next 1/4 of the year because of the delivery time of your car, your finance is then re-calculated (the decision wont be reveresed as it would of been agreed for them to order the car, unless you havent paid any of your bills etc in the waiting time, or been made bankrupt for example) then as you are in a new quarter and any new finance deals etc can be checked to see if your payment could go down, if it cant then I believe they would have to honour the original quote, but, in reality, just speak to the finance person and just get them to redo the quote to the lowest possible amount they can, they do have a small amount of movement on APR etc.

 

 Just remember the dealer has a lot more flexibility than they would have you believe, I nearly walked last year as Skoda Finance were playing hardball, so the man re-calculated it all, loaded it onto the computer and printed it all out, I signed for it and he gave me teh keys to car, I gained £40 per month plus £500 deposit contribution as he redone the figures on collection day to suit me as I was prepared to walk as the deals and offers had changed/improved from when I ordered the car.

@james_19742000 - I agree, there is quite a lot of flexibility on the finance deals - I played hardball with my dealer, haggled over the price for an SE, then having had a demo drive in their Elegance told them that unless they could match the monthly figure we'd agreed on for the SE if I chose the Elegance then I would walk away. After a further haggling, the usual "I'll have to talk to the manager" then finally "the manager will have to speak to the managing director" they caved in!

Never having taken PCP finance before, anyone take a stab at what the monthly cost might be on a £25,000 vRS TDi? I suppose the hard bit is trying to forecast the GMFV, as it all hinges on that?

Never having taken PCP finance before, anyone take a stab at what the monthly cost might be on a £25,000 vRS TDi? I suppose the hard bit is trying to forecast the GMFV, as it all hinges on that?

At the risk of stating the obvious, it is all down to the amount funded - do you have a px? What's it worth? How much deposit do you want to put down? How long to you want the PCP to last - Skoda do up to 42 months - the longer the period, the more interest you will pay but the less monthly payment - not knowing for what period the 0% finance deal is offered for, but unlikely to be for that length.

Isn't there a finance calculator on the Skoda site?

Never having taken PCP finance before, anyone take a stab at what the monthly cost might be on a £25,000 vRS TDi? I suppose the hard bit is trying to forecast the GMFV, as it all hinges on that?

The GFV might be as good as £12k on a 10,000 miles per year, 3 year deal. It was nice and high on standard cars a week or so back.

That's £13k to pay over the three years, so deduct any deposit and divide by 36.

The GFV might be as good as £12k on a 10,000 miles per year, 3 year deal. It was nice and high on standard cars a week or so back.

That's £13k to pay over the three years, so deduct any deposit and divide by 36.

 

Thanks, I had honestly no idea how PCP really worked, so it seems it's really as simple as dividing the anticipated deprecation by 36 (taking into account the dealer needs to make a profit). I'm a low mileage driver (work from home), so this looks like it could be a good deal for me.

Edited 6 July, 201312 yr by Dodgy

Thanks, I had honestly no idea how PCP really worked, so it seems it's really as simple as dividing the anticipated deprecation by 36 (taking into account the dealer needs to make a profit). I'm a low mileage driver (work from home), so this looks like it could be a good deal for me.

It's very simple when its on 0% finance. A bit trickier to work out when its not.

The finance calculator is offline on the skoda uk website at the mo.

Is it just Skoda doing it, or VW & Seat too?

Is it just Skoda doing it, or VW & Seat too?

4.9% and £1000 off for the Seat Leon, plus the tech pack thrown in (worth £2k).

6.2% for VW Golf

6.4% and no discount of the A3 but huge discounts for other models - £6200 on an A5 cab for example.

<edit> there's no discount on the Golf. Was thinking of the beetle.

Edited 6 July, 201312 yr by Dr Zoidberg

to work out the PCP payments

 

cost of car - deposit = amount of credit

 

multiply that by the interest rate 3 times (eg for 10k and 7.1% interest, 10000 * (1.071*1.071*1.071) )

 

then add the setup and termination costs about £100

 

then deduct the guaranteed minimum value (between 30-40% after 3 years) this will seem low as the system errs on side of caution and normally give the value for a carp condition car so they rarely if ever lose out

 

the amount left divide by the number of payments

 

basically the payments are worked out on( the cost of car - deposit - guaranteed value), but the interest is worked out on (cost of car - deposit)

Tempted by 0% but think we'll be opting for a used Touran instead if I can find one come reg change with the right extras close enough to us

4.9% and £1000 off for the Seat Leon, plus the tech pack thrown in (worth £2k).

6.2% for VW Golf

6.4% and no discount of the A3 but huge discounts for other models - £6200 on an A5 cab for example.

there's no discount on the Golf. Was thinking of the beetle.

There are discounts on the Golf if you can find the right dealer. I was offered 10.5% off a gti.

There are discounts on the Golf if you can find the right dealer. I was offered 10.5% off a gti.

There will obviously be discounts you can negotiate with the dealer on top of this. These are just the manufacturers finance offers.

Am I correct in thinking that the GFMV is set by Skoda UK/Finance based on spec/duration/mileage etc and cannot be altered by the dealer? It would nice if they had the calculator back online so you could check for yourself, Toyota's website was so much more helpful when we bought SWMBO's Yaris.

Edited 9 July, 201312 yr by snownrock

Am I correct in thinking that the GFMV is set by Skoda UK/Finance based on spec/duration/mileage etc and cannot be altered by the dealer? It would nice if they had the calculator back online so you could check for yourself, Toyota's website was so much more helpful when we bought SWMBO's Yaris.

 

The GMFV can be lowered if the customer wishes.

 

It helps if a customer was looking at spending, let's say £300 p/m and the initial quote for PCP was £250 (all rough figures), you can increase the monthly to then in turn lower the end payment, therefore either giving the customer more equity come change over or a lower payment should they look to outright purchase.

 

Hope that helps.

The GMFV can be lowered if the customer wishes.

 

It helps if a customer was looking at spending, let's say £300 p/m and the initial quote for PCP was £250 (all rough figures), you can increase the monthly to then in turn lower the end payment, therefore either giving the customer more equity come change over or a lower payment should they look to outright purchase.

 

Hope that helps.

 

Thanks for the help

For a rough calculator try this www.pcpcal.co.uk