So in the summer i will have had the 1.6tdi Octy SE for three years. 

 

Having never bought a car on a PCP deal before i am wondering when is it best to pop into my Skoda dealer and see what they can do for me prior to the end of the deal??

 

Was thinking that if i left it do close to the "deadline" then i could, in theory be without a car??

 

Also, whats the likelihood of having some "equity" left in this one to roll over onto a new deal??

 

Been pretty happy with this one and would gladly swap it for one of the new ones or maybe something else from the Skoda range as long as it was big enough and costs about the same per month.

 

 

Thanks in advance for any advice :-)

 

It is never too early to inquire about the next steps. I'm surprised the supplying dealer hasn't already been in touch!

 

Option 1, hand the car back, pay any excess mileage (if any) and walk away.

 

Option 2, pay the MFGV / final balloon payment and own the car outright.

 

Option 3, use the difference between the cars current value and the MFGV as a deposit on your next car and bargain with the dealer to get a new MkIII Octavia for the same monthly price you are paying now.

I like the sound of option 3. But I don't think I will get as good a deal as I currently have. Lol

Should point out that when I got the car it was from my.local dealer in East Yorkshire. However I now live In Wiltshire. Off to the dealers tomorrow for a service so may see what they have to say.

So i visited my local dealer today, had the Octy serviced.

 

Priced up a Mk3 Octy 1.6TDi but even a used one (between six months and a year) but seemed to expensive for me.

 

Had a look at the Rapid Spaceback, which i really like to be honest. Seems just as roomy in the cabin but obviously the boot is smaller than the Octy.

 

Anyway i could afford a 1.6tdi Spaceback, even though it is still more than i currently pay per month. 

 

Had a drive of a Spacebacuk SE Sport in black with the 1.6TDi engine and i thought it was great to be honest. I have always liked this engine but it felt better in the slightly smaller Rapid.

 

So the upshot of it all is i can have a Spaceback sport and over the cpp term it will have cost me the same as our old Octavia.

 

Not sure what to do to be honest.

If you cant afford the GFV you can always finance it and pay it off over the next few years , if you are happy with it I cant see the sense in trading down to a Rapid , you can take out the extra warranty for a bit more piece of mind

I could afford the GFV, which is around the £6k mark i think, but if i financed it over a few years the payments would be getting on for what a brand new rapid would cost.

Plus if i wouldn't need to worry about warranty issues with a new car. 

 

It seems to me as if they have moved the Octy up a level in every aspect to be honest and it doesn't seem to be the value that it once was, for me anyway.

 

I may have a look at some other brands, but would like to stick with Skoda if something reasonable could be sourced. 

You wont need to worry about warranty if you spend £500 on extending yours at least for 2 years . Personally I think a 3 year old Octy is a better car than a brand new Rapid

Hhhmmmmm. I really am not sure what i am going to do yet.

 

My head is beginning to hurt with it all. lol

 

The plastics of the interior of the rapid don't seem as good as my Octy. But i liked some of the extra equipment which i don't have. MFSW, Bluetooth, parking sensors etc. I could probably get a year old Mk3 Octy but don't want a year old car, i want another new car. 

 

The Spaceback i drove reminded me of my Ibiza FR Tdi i had last year for a few months and i really enjoyed that.

 

I am considering having a look at a Dacia Duster 4x4 (takes cover and waits for abuse) They seem to be offering great value, which i feel Skod have maybe lost a little these days.

Maybe best go to a Seat Dealership & see what deal they can do you, it might well be better than anything from Skoda Dealers.

When my pcp deal ended the dealer offered a ridiculously low trade in (bottom book) and wondered why I wasn't interested. I took a personal loan and bought out the car

 

My thought exercise was "could I buy this car on the forecourt for the balloon figure?". The answer was 'no' so buying the car out and keeping it was a good deal.

When my pcp deal ended the dealer offered a ridiculously low trade in (bottom book) and wondered why I wasn't interested. I took a personal loan and bought out the car

 

My thought exercise was "could I buy this car on the forecourt for the balloon figure?". The answer was 'no' so buying the car out and keeping it was a good deal.

 

At the moment i am thinking precisely this tbh. I don't see how they can justify the prices they have quoted me for a Rapid Spaceback tbh. I didn't mind paying a little more per month but asking for another £40 odd quid plus still having to put £1500 on top of the £1200 equity they reckon is in the car starts to make it unreasonably expensive imho.

 

I have a decent job and so does my missus we have a small mortgage by todays standards but i just don't understand how people afford to pay something like the £250 per month they were asking for a six month to 1 year old Octavia Mk3. Its like a second mortgage to me. lol 

 

Can see me paying off the balloon figure in full from my own savings and putting the cash back in the bank on a monthly basis, therefore making my own 0% loan. lol

Edited 14 February, 201511 yr by Guest

Get a new vrs mk3 for £250 pm on pcp

Get a new vrs mk3 for £250 pm on pcp

 

Where from? How much deposit? How long is the term?

30% 3 yrs from Skoda dealers currently

I assume 30% will be around the £6k+ mark. Plus £250 x 36 = £15k.

 

Its a lot of money with nothing to show at the end imho.

 

Whereas i could pay the £6k and actually own my current vehicle. 

Time to shop around, there are some extremely good deals out there at the moment.

 

Look at this one on the top spec MkIII Octavia, the diesel Scout...

 

http://www.briskoda.net/forums/topic/341863-octavia-scout-4x4/?hl=%20scout

 

Less than £2K down and barely £170 per month.

I assume 30% will be around the £6k+ mark. Plus £250 x 36 = £15k.

Its a lot of money with nothing to show at the end imho.

Whereas i could pay the £6k and actually own my current vehicle.

True buying a new car every three years makes little financial sense

Time to shop around, there are some extremely good deals out there at the moment.

 

Look at this one on the top spec MkIII Octavia, the diesel Scout...

 

http://www.briskoda.net/forums/topic/341863-octavia-scout-4x4/?hl=%20scout

 

Less than £2K down and barely £170 per month.

If i am missing something i apologise but that looks like a business offer???? Not a personal purchase?

Some are ex-VAT, some are including VAT but all are available for personal buyers too!

 

Check out the MkIII Octavia forum, several members have Scouts on order for personal use through these deals.

Hhhmmmmm. Had a quick look on the Mk3 forum but nothing obvious jumps out at me. 

 

To be honest i am a bit weary of it all now. Will probably leave it for now. Got until July anyway.

http://mazda.co.uk/offers/offers-overview

Cheapest car is always the one you already own. My Vrs was still in good nick after 7yr which made me think there was little point in paying the premium for a new one. Accord was 4 yr old when I got it but I was still able to add a manufacturer warranty for 3yr.

If you don't hate the car you have stick with it for a while longer.

Hhhmmmmm. Had a quick look on the Mk3 forum but nothing obvious jumps out at me. 

 

To be honest i am a bit weary of it all now. Will probably leave it for now. Got until July anyway.

 

Here you go...

 

http://www.briskoda.net/forums/topic/341640-octavia-scout-150bhp-ordered/

 

I appreciate you might not want a Scout but it should be a good weapon for negotiating a decent deal on a different spec?

I do love the idea of £250 being like a second mortgage . A mate of mine bought a R35 GTR , his pcp payments are £1k pm , now thats a mortgage ! lol