New VRS diesel tdi, white. £250 deposit, 265month over 42 months?

What is the mileage per year for that quote and the balloon payment at the end? Seems like a cracking quote at face value

seems a bonkers cheap quote to me!!!

 

vrs estate, diesel, manual with black pack and cruise control.

 

I was quoted £314 over 42 months with £2k down. (15k mileage) on the same car (with just £300 of extras) GFV - £9.5k

 

Or £332 over 36 months with £2k down (GFV - £10.7k)

Edited 31 July, 201312 yr by booyaka

What extras? Manual/dsg? Hatch/combi?

May only be a small mileage allowance, say 8k a year, it needs to have a gfv of £12k for the payments to stack up, unless there's some good discount on the quote too

I'm sure in some other thread someone quoted GVF for a vRS TDi as being in the range 51% of retail? If so, quote seems to be in the right range to me.

@ Dodgy, this is over 42 months though so its an excellent gfv!

The quotes I have are skoda's maximum GFV's at 36 and 42 months. Both dealers have tried to override and increase the GFV (to lower the payments) however these are set in stone.

 

Can't see how they are £50 a month cheaper than mine unless at least a £2100 discount or very small mileage (i.e 42 months @ £50 a month cheaper)

Got till Friday to make a decision on the deal. 8k mileage allowance, GTV is just over 11k. Think the discount is about £1400 on top of the 0% finance.

It's amazing the difference the 0% makes. Had a quote on a Golf GTD, came out at 1k deposit and 336 month......

And that's straight through a dealership and not an online broker lol

I've been given a quote of about £300 a month for 10k miles over 36 months with 2.4k down

That's based on a blue petrol DSG hatch with cruise, tinted and park assist.

Although salesman told me not to order until tomorrow as he says he will be able to give me a better price off the car when he tells the dealer principle that the car is for me

@ RO0, that's a discount of 6% (roughly) an 0%. It's inline with what Drive the Deal are offering so if it's from your local dealer I'd say take it!

Where is your dealer? I'm sure others would be interested at these prices.

Shows how strong the gfv is on the diesel of its worth 11k after 42 months.

Shows how strong the gfv is on the diesel of its worth 11k after 42 months.

 

But GFV values are set by Skoda, not the market.

So are not exactly an indication of what the car will be worth.

 

Skoda could set the GFV high to make the car cheaper to buy, so they can sell more and offset any potential loss when the term is up if they over estimate the GFV against profit as the car is so much more expensive than the mk2 new.

 

Usually when a PCP ends the car is worth more than the GFV so you have some value in the car, which gives you a deposit to start again on another deal.

I can't see that being the case here, so maybe this GFV should not be compared against other vehicle GFV value.

 

Personally I think Skoda are over estimating to make the car cheaper to buy.

@ Boss Fox, I agree it can be a meaningless value, or not properly represent market value but I don't think it makes it any cheaper to buy on this occasion.

If you took the 23k list of an octavia and gave it a "vat free" offer you'd pay 18400. Now put £250 down and take it on the 7.9% finance the offered before and you'd pay £267 over 42 months (using website PCP calculator) if the GFV was the same £11,000.

The current offer suits those in a low deposit situation, though I suppOse that's everyone as people could always take back equity from part ex's and invest it to earn money.

I also don't think it's in Skoda's interest (or vwfs) to over estimate as they'd just have a flood of cars handed back. Yes it's a lot more expensive to buy than the MK2 but standard kit like xenon's will have increased their cost to build too

@ RO0, that's a discount of 6% (roughly) an 0%. It's inline with what Drive the Deal are offering so if it's from your local dealer I'd say take it!

Where is your dealer? I'm sure others would be interested at these prices.

Shows how strong the gfv is on the diesel of its worth 11k after 42 months.

As a comparison with the GTV.....the Golf GTD is worth 13987 after the same period

Carfile reckon they can get around 5% off list price with the 0% finance offer. Awaiting a call this morning to find out.

...

I also don't think it's in Skoda's interest (or vwfs) to over estimate as they'd just have a flood of cars handed back. ....

 

I have wondered for a while what a bit of a con this whole GFV is.

 

So Skoda / VWFS say we guarantee your car will be worth say £10,000 in 3 years. After 3 years you go in to Skoda and want to buy a new one. 

 

Dealer then offers you £9,500 as part-ex. No thanks, I'll just give the car back. 

 

Week later, its back on the forecourt up for 12,000 and they've made a nice easy 2K on it. I just think there is alot less risk (if any) the finance company takes with GFVs than we are lead to believe.

 

I know in reality its up to you to negotiate get the best value for your car you can, be it sell it privately or through another dealer or marque. Just seems 'the house always wins' with this GFV and the risk isn't that big for them.

 

Anyway back on track...that does sound a cracking deal, even more so its not through a broker!

Personally for me 5% discount still is not enough.

£8k more than my current model spec for spec. To be tempted I'd need a good px value or big discount.

Just my honest opinion.

@ M12 MKD, is yours a Blackline though? They were fantastic value but its not fair to compare a run out model loaded with spec they need to shift to a newly launched model. Though if I was in that situation I wouldn't change either

4 years from now (give or take) when the MK3 receives a facelift there will no doubt be a comparable special edition

Fewie - no mine was order just after the release of the FL so its a 59'er. With everything but a sunroof ordered. £21k then. Current model works out at £29k spec for spec (though going for petrol this time so actually cheaper).

PCP suits people in different ways. I know I will never own the car, and I know what I am prepared to pay each month.

I also realise (as previously posted) that the gfv for me is irrelevant as once I have paid my 50% I will hand the car back by terminating the agreement. I would of course get finance approval first as I have done this before. If Skoda would not give me finance then I would go for another mark.

Mileage is irrelevant when you hand the car back, so maybe instead of signing a contract at 25k pa I should have just done it for 8k and brought the monthlies down!!

Mileage is irrelevant when you hand the car back, so maybe instead of signing a contract at 25k pa I should have just done it for 8k and brought the monthlies down!!

 

Interesting, you mean you don't get the usual penalties of over-mileage?

Interesting, you mean you don't get the usual penalties of over-mileage?

 

not if you hand back BEFORE you get to the end of the finance. The mileage penalties  ONLY apply if you go to the end of the contract as far as I am lead to believe. (dont quote me on that!)

Wouldn't the dealers be missing a massive trick if this was the case? Or is there some form of payment needed the break out of the contract early?

PCP suits people in different ways. I know I will never own the car, and I know what I am prepared to pay each month.

I also realise (as previously posted) that the gfv for me is irrelevant as once I have paid my 50% I will hand the car back by terminating the agreement. I would of course get finance approval first as I have done this before. If Skoda would not give me finance then I would go for another mark.

Mileage is irrelevant when you hand the car back, so maybe instead of signing a contract at 25k pa I should have just done it for 8k and brought the monthlies down!!

This has got to be a seriously expensive way to keep yourself in cars, you will always be paying the highest depreciation rate...

Edited 1 August, 201312 yr by Zillio

This has got to be a seriously expensive way to keep yourself in cars, you will always be paying the highest depreciation rate...

You are absolutely right, however for m, my car is my office and I have been paying out like this for over 10 years.

Part of it is paid by car allowance.

Some day I would love not to pay finance, but what I do 35k a year, I like to drive a car with under 100k. My octy II was the first car I have ever changed the timing belt, as I normal,y get rid of them before that expense!!