We currently have a 14 plate 1.2TSI Yeti Outdoor Elegance. It was near as damn it £19k new in March 2014. It has about £10550 owing on it now. I've got it on 0% finance until September 2017.

 

Car is worth ~£12,000 (17k miles, metallic, KESSY and LED rear lights, excellent tyres, unmarked interior and exterior).

 

I'm very tempted by this offer http://www.simpsonsskoda.co.uk/new-car-offers/yeti-laurin-klement-tsi/

 

£2190 initial rental and then 23 payments of £159 for L&K 150 TSI = £5847 = £243.63 a month.

 

The offer includes road fund license, saving around £300 (assuming we get back around £80 refund on existing RFL).

 

We pay £302 a month on existing car, add RFL on top and that's £314.5.

 

So we'd be £70 a month better off for two years and have:

 

heated windscreen

significantly more powerful engne

4x4

panoramic roof

DAB radio and sat nav

 

We'd also save on a set of tyres at around £400 as the current car's would need changing before Sep '17. That works out another £16 a month, taking us up to an £86 a month saving. On the current car we are paying off capital though. With new deal we'd have nothing at the end of 2 years.

 

It would cost us around £6400 to buy the rest of our existing car come the end of its 0% finance deal in September 2017. It would likely be worth something like £9000 at that point, so say 2.5k equity in it? By that point the Kodiaq and new Yeti would be out so maybe down to £8500? Hard to call.

 

The new lease deal would take us through until July 2018 or so (depending on lead time). It should be possible to extend for another 6 months beyond that at £159 a month if we wanted AND totally flexibility at the end. This is handy given our Tesla will be turning up around that time and I've not decided which car to keep along side it. If we extend for another 6 months it makes it £227 a month over the term.

 

So, I'd be really interested to hear your thoughts. Do you think I should pursue this deal?

Edited 28 May, 201610 yr by Nick P

If you took out GAP insurance on your existing Yeti, don't forget to cancel it and claim the pro-rata refund for the unused portion.

 

I did this when I p/ex'd my Yeti at just over 2 years old and got £64 back.

 

My decision was based on not intending to keep the car past 3 years, not wanting to pay the balloon payment, not really needing a diesel plus the uncertainty of the VW dieselgate scandal.

Will it cost you significantly more in petrol each month? (Bigger engine, 4x4, etc.)

I think there'd only be a couple of mpg in it.

Will it cost you significantly more in petrol each month? (Bigger engine, 4x4, etc.)

Just think of the extra fun that more power brings though.

Well, yes, but his first post is all about cost!

 

 

 

 

 

(Should get a vRS combi...)

Deal done, picking up a 1.4TSI L&K at the start of July.

I actually arranged to pick it up slightly earlier than planned, but sadly after 2.5 hours in horrible traffic up to Lancashire today, I found it had an unsightly deep scratch in the bonnet and had to leave it at the dealership to be painted next week. In my opinion it's likely it was caused during removal of the transport plastic. Really should have been picked up in the PDI. I was already in a bad mood after the referendum result. :(

Hopefully the Tesla doesn't complete the hat trick of iffy cars Nick!

Probably won't be able to afford the Tesla what with the exchange rate thanks to all the brave brexiteers.