I've just ordered a 1.4TSI DSG Elegance Hatch with around a 5% discount and on the 0% Finance. :sun:

 

Apparently the figures are that the dealer normally gets 14% on the Octavia, but they lose 6% if the customer takes the 0% Finance. An 8% discount is therefore cost price and any higher they are losing money. 

 

I've also heard a suggestion that the dealer that supplies Drive The Deal is getting their figures wrong and is selling cars at a loss. If that's true, expect their discounts to halve. :'(

Edited 20 July, 201312 yr by spacenase

Hi Stu,

 

Was it Mitchells? I went the other week with my daughter for Fabia Monte Carlo prices and they would not budge off list for that even... I mentioned and showed them the DTD price and he (Rob) quickly stated no dealer will offer 0% finance through DTD.. Went to Lightcliffe's in Abergele instead and got a reasonable deal. Mitchells inept selling has lost them my custom (service and a new car) plus my daughters too.

hi loz.  nope it was Liverpool,  Ive contacted a few locally to check for my px price as last time i changed a few of the dealers were over £1000 different!  It seems nobody wants to give out pcp prices over email without seeing my car so im checking a few this week.  Not much point in me spending fuel/tunnel to go to liverpool as theyve said outright on the phone that they wont offer any discount :(

 

ive taken out a petrol manual today and its bloody amazing but will probably still stick with diesel due to my mileage per year.

I have ordered my new octavia 1.2 tsi SE in June. Dealer told me, there cannot be any discount as Octavia is new to market. After more than 2 hrs dealing a ended up with 2k discount. They going to play with PCP figures first without any discount, try push you to pay a higher deposit and take 42 months deal to lower down a monthly payments. U have to stick to your deposit amount a tell them you want to pay 100£ less per month than what is their offer. They will go very slowly down like few pounds...keep telling them your story, it is too much, partner does not agree with that (best to have partner over the phone, not with you!). They will try to offer you lower trim, less extras, white colour.....no way!!! You have to be almost ready to walk out and suddenly sales manager try to shake your hand with 30£ less per month. Dont give him your hand!!! Tell them you need take time to think and come with lower number and add extra insurance for gap cover or 'bump' cover (what they took out to get you a lower figures) and they will agree with your numbers (or very near) at the end, because they want to sell you the car.

 

Sorry about my plain english, I was born in Czech and I love Skoda cars. 

Edited 23 July, 201312 yr by faustino

I've been running some sums over after a call from Carfile this afternoon (who gave a very good, honest assessment of the current discount/financing packages on offer).  It's not looking too good to be honest.

 

Carfile are able to get 14% off, including options, but...

• Their dealers can't offer the 0% financing as well as this.
• You also, therefore, lose the 3 year servicing package worth £500.
• It means you have to fund the car upfront without the benefit of GFMV figure.
• Interest on the whole amount is between £1800-£2000 over 36 months (the spec I'm after is £23095 after discount with Carfile).

 

They suggest that most dealers will be offering around 5% off

• This means the cost of the car is £2450 higher than with Carfile
• You save £2300-£2500 in interest and servicing costs with the 0% APR deal.
• You don't have to fund it upfront.

So, basically, there's little difference between the two.  If you have a healthy deposit, or selling your existing car would get you that, the Carfile way would seem a bit better (as it'd take a chunk off the interest you'd owe).

 

 

I've been running some sums over after a call from Carfile this afternoon (who gave a very good, honest assessment of the current discount/financing packages on offer).  It's not looking too good to be honest.

 

Carfile are able to get 14% off, including options, but...

• Their dealers can't offer the 0% financing as well as this.
• You also, therefore, lose the 3 year servicing package worth £500.
• It means you have to fund the car upfront without the benefit of GFMV figure.
• Interest on the whole amount is between £1800-£2000 over 36 months (the spec I'm after is £23095 after discount with Carfile).

 

They suggest that most dealers will be offering around 5% off

• This means the cost of the car is £2450 higher than with Carfile
• You save £2300-£2500 in interest and servicing costs with the 0% APR deal.
• You don't have to fund it upfront.

So, basically, there's little difference between the two.  If you have a healthy deposit, or selling your existing car would get you that, the Carfile way would seem a bit better (as it'd take a chunk off the interest you'd owe).

Yes.. that's how I see it too.. Carfile are just as good as DTD - I have used both in the past, although I think both use different dealers now. I'm fed up with working it all out and I just want to order yet nobody is phoning me back....

I've been running some sums over after a call from Carfile this afternoon (who gave a very good, honest assessment of the current discount/financing packages on offer).  It's not looking too good to be honest.

 

Carfile are able to get 14% off, including options, but...

• Their dealers can't offer the 0% financing as well as this.
• You also, therefore, lose the 3 year servicing package worth £500.
• It means you have to fund the car upfront without the benefit of GFMV figure.
• Interest on the whole amount is between £1800-£2000 over 36 months (the spec I'm after is £23095 after discount with Carfile).

 

They suggest that most dealers will be offering around 5% off

• This means the cost of the car is £2450 higher than with Carfile
• You save £2300-£2500 in interest and servicing costs with the 0% APR deal.
• You don't have to fund it upfront.

So, basically, there's little difference between the two.  If you have a healthy deposit, or selling your existing car would get you that, the Carfile way would seem a bit better (as it'd take a chunk off the interest you'd owe).

 

This shows how clever the new offer is from Skoda's point of view.

 

The 0% is largely funded by a clawback from the dealers.

 

The dealers then have very little margin left to play with.

 

Buyers are steered onto PCPs which manufacturers love as they are great for retaining the punter when the period runs out (regardless of which dealer they come back to).

 

Unless they refuse to discount (which only some buyers will accept) then the dealers are left with the (admittedly colossal) profits on gap insurance, scotchguard, blah blah ... plus servicing money in dribs and drabs from Skoda.

 

From Skoda UK's point of view, they are very effectively firming up prices on the back of both improving product and to some extent screwing the dealers.   And undermining the brokers and discounters at the same time.   Genius.

I was told to check back after August the 1st for options on DtD.  I checked back and...Skoda have been deleted off the available car list!

I was told to check back after August the 1st for options on DtD.  I checked back and...Skoda have been deleted off the available car list!

 

This happens from time to time on the DtD web-site, usually means something is being updated, perhaps they're putting the options on at last.

It's true there is a 14% profit margin on the car for dealers. However this just gets the car to the dealer. It doesn't include them cleaning it, test driving it, doing the paperwork, tegistering the car etc before you come pick it up (this is more to do with paying for their time).

Where the 0% finance rate is offered it slashes their profit margin by almost half. So if you can finance elsewhere you have a much better position to bargain for a discount.

However! Discount comes down to the individual dealership. Some dealers are flatly refusing to give any discount because it is a brand new just released vehicle. But there are dealers willing to give a discount you just have to find them.

I got £1000 part ex for my 03 plate auto diesel octy with 160k miles on the clock and some damage on the paintwork and front passenger wheel arch. And I got 11% off the list price for my vrs. ???? The discounts are out there if you are a cash buyer and you find the right dealer.

Oh the ???? Is a little cheeky devil face but I guess cos I'm on my phone it doesn't display it lol

I got £1000 part ex for my 03 plate auto diesel octy with 160k miles on the clock and some damage on the paintwork and front passenger wheel arch. And I got 11% off the list price for my vrs. ???? The discounts are out there if you are a cash buyer and you find the right dealer.

Was that with 0% finance?

No it's as a cash buyer.

Its funny the suggestion that Skodas depreciate badly, not been my experience at all.

Sold an 11 plate Fabia vRS estate @ 18 months or so old to my dealer for 11.2k and it retailed for about 12.8; only paid about 15k for it, got my deposit back out of it give or take.

Had my 6 month old Blackline DSG estate valued last week. Paid 20k still work 16750 trade, so make it 17k. It'd sit on my dealers forecourt for 18.5k i bet. Again only in 200 pound of so negative equity that should true itself up in 6 months or so.

From what ive seen Skoda values seem to hold up well enough, nothing like as bad as the 2.5 year old Polo i had a few years ago where the finance shortfall was 1800 quid or so an was almost faced with VT'ing it.

It's not a suggestion but a fact as evidenced by the set GfV values when compared to other brands. Anecdotal evidence is erroneous to this discussion.

Its funny the suggestion that Skodas depreciate badly, not been my experience at all.

Had my 6 month old Blackline DSG estate valued last week. Paid 20k still work 16750 trade, so make it 17k. It'd sit on my dealers forecourt for 18.5k i bet. Again only in 200 pound of so negative equity that should true itself up in 6 months or so.

From what ive seen Skoda values seem to hold up well enough, nothing like as bad as the 2.5 year old Polo i had a few years ago where the finance shortfall was 1800 quid or so an was almost faced with VT'ing it.

 

You don't consider £3,000 depreciation in 6 months to be bad?

 

Blimey..................

You don't consider £3,000 depreciation in 6 months to be bad?

 

Blimey..................

youd lose the vat as soon as you drove it off the forecourt though.

Could be interesting!! they are ringing me back later and are offering me one of 17 supposed discounts that Skoda UK have given to each dealer for existing customers..

Did I blink and somehow miss the outcome?