Hi Everyone.

 

Hope someone can help.

 

I have a five door sport that has six months to go on finance with mileage under 20k. At this time getting lots of invites and calls from Skoda regarding part exchanging. I am a little hesitant because i will be in negative equity with what they are offering and what I still need to pay.

 

My question is does anyone know if I will be in a better position to part ex when I see through the 0% finance deal and pay off the remainder (therefore owning the car) or part exchange now? I have the money in the bank ready to pay the finance off now if needed. Its due September this year anyway.

 

Do Skoda offer more for a part exchange if you own the vehicle?

 

Thanks for you help in advance.

 

the car might be worth less than the final payment, it might workout better financially handing it back without paying the final figure to buy the car.

I'm handing mine back (well p/x) in a couple of weeks when my new Fabia arrives. Skoda valued by 3 door sport with 18k miles at £4500 (same as my GMFV in September) - I still owe £5000 so there was £500 negative equity - Skoda are going to cover the short fall, plus give me and addition £500 deposit contribution, plus a £500 fuel card 

 

That being said, they are still going to get an additional £40pm from me for the Fabia, but it is a step up in the range so not surprising. I think Skoda just want to start shifting more cars! 

 

So I say, go in and see what they have to offer, if your not happy with anything then walk away 

I wanted to pay mine off early last month as my new ride was due in early March. So I rang VAG finance armed with £600+ to pay off the remaining finance. They advised me to do a voluntary termination to achieve the same result without having to pay them any more. I don't know exactly where you are in terms of your repayments, but if you've paid over 50% back then it's worth a try. I got such a crazy good deal going down the PCH route on my new car that no dealer could really get close.

I wanted to pay mine off early last month as my new ride was due in early March. So I rang VAG finance armed with £600+ to pay off the remaining finance. They advised me to do a voluntary termination to achieve the same result without having to pay them any more. I don't know exactly where you are in terms of your repayments, but if you've paid over 50% back then it's worth a try. I got such a crazy good deal going down the PCH route on my new car that no dealer could really get close.

what you replacing it with mate?

what you replacing it with mate?

 

I am now the proud owner of a Polo GTI. WIll post some pics soon.

I am now the proud owner of a Polo GTI. WIll post some pics soon.

 

Nice! Enjoy

Thanks everyone. I am going tomorrow to have a chat. Will look at another citigo but really love my sport. They were only made for a year as well so are unique. Question will be whether partx is worth it x

My OH just tried this and her negative equity was scary (she was on 25K miles, 3dr 14 plate Sport) - She has around 12mths left and they had her in 2.5K of negative equity! 

 

Utterly mental.