Attended a finance event at a dealer only to be told that due to the VAG ongoing Diesel Saga my 2 yr octavia diesel has no equity which unlike my previous (pre Diesel issues) Diesel Octavia when traded in that had £4k, I heard the EU will not as per USA pursue VAG as they are a significant employer in the EU.

Ridiculous - people who are affected should be compensated.

Makes me glad I leased mine, and I don't think I will ever have another VAG diesel product. I'll be going to back to BMW or maybe try Mercedes for my next car!

Ridiculous - people who are affected should be compensated.

Makes me glad I leased mine, and I don't think I will ever have another VAG diesel product. I'll be going to back to BMW or maybe try Mercedes for my next car!

 

Yeah I was in negative equity with 10 months still to run on my agreement, hence I VT'd.

 

Petrol engines for me from now on.

Edited 15 September, 20169 yr by SkodaVRS1963

Yeah I was in negative equity with 10 months still to run on my agreement, hence I VT'd.

Petrol engines for me from now on.

Unfortunately the mileage I do, I still need a diesel.

Good thing is though there are some cracking lease deals, especially on the 4 series and C-class for not much more than I'm paying for my L&K. Just will have to do without a couple of the posh toys!

Also just been browsing Facebook and this popped up...

http://www.whatcar.com/news/vw-seat-skoda-and-audi-models-retain-resale-values-despite-dieselgate-scandal/?utm_content=buffer69593&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

Funnily enough I was reading the October issue of What Car magazine today and two things jumped out:

 

(1) DPF: article on them warning of the potentially high costs of replacing these on cars of a certain mileage (circa 100,000 miles they said) or rather less than that if you do a lot of short trips...

Petrol engined cars may well be making a bit of a comeback on the back of this as they are rather less expensive from new and warm up much more quickly during these short trips compared to diesel engined cars which probably will be rather polluting on short trips; which pretty much sums up a lot of my usual mileage. So petrol may well make more sense when/if I am able to change my current car, which ironically enough as it reaches the last six months of its PCP deal is running rather well, better I'd say than when it was new.

 

(2) Octavia residual values after three years with average usage. Taking the nearest equivalent to my car, that figure is 35% in What Car, not exactly startling it has to be said and a long way off from the rather optimistically high GFMV that Skoda say I can buy my car at. Taking current list price against my GFMV gives me a figure just under 41%, as Skoda's guesstimate of residual value, this GFMV was supposed to have up to £2000 of equity if my car was in good condition and no more than the agreed mileage of 10,000 miles PA over 3.5 years. My own car will have a lot less miles than that at the end of the deal.

 

Funnily enough if you do the maths, the GFMV of my car plus mythical equity of £2000, actually takes you to a residual value of just under 50%. If you make that equity £1000 over GFMV, you end up close to 45% residual value. Looking at these numbers it is remarkable how "optimistic" Skoda were in setting such high GFMV figures on these PCP deals. Using the What Car 35% residual value would value my car at three years old £1300 under the GFMV at 3.5 years old. Looks like some rather optimistic GFMV figures were set by Skoda, that were never, ever going to work, even Audi would be pushing it to claim near 50% residual value at three years old.

Edited 15 September, 20169 yr by AllanDJ

it does highlight one benefit of the PCP, you have some limited protection from depreciation. Just think, if the car is worth even less than the GFV then at least you don't have to stomach it 

I've recently put my Octy Tsi Vrs in for replacement 6 months early. The original estimated costs were on target, and I had equity when I did deal.

So diesel issue must have impacted. Noticed mine was the only used Octy petrol on the forecourt for sale. Went in a week.

Also just been browsing Facebook and this popped up...

http://www.whatcar.com/news/vw-seat-skoda-and-audi-models-retain-resale-values-despite-dieselgate-scandal/?utm_content=buffer69593&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

That article talks about the brand performance as a whole though, no specific diesel based variants

 

I've read a few articles recently where they point to many manufacturers moving away from diesel engined cars with some brands will move away entirely by 2121

 

The big push now for manufacturers is small capacity high output turbo petrol units, electrical/hybrid units and autonomy - diesel will be deserted unfortunately.

That article talks about the brand performance as a whole though, no specific diesel based variants

I've read a few articles recently where they point to many manufacturers moving away from diesel engined cars with some brands will move away entirely by 2121

The big push now for manufacturers is small capacity high output turbo petrol units, electrical/hybrid units and autonomy - diesel will be deserted unfortunately.

I disagree around diesel - I think it'll always serve a purpose until something like Hydrogen is fully developed. The low capacity turbo petrols and hybrids still can't get anywhere near diesel economy on a long run.

Take for example a 1.0 ecoboost Focus I had as a hire car a while ago - the most I could get out of that on a motorway was 44 mpg, where as on my TDI Octy it will do 10 more mpg with the same driving style.

If you're doing 20k miles per year like I am, diesel is still the way to go, and will be for some time. The only caviat to that is I won't be getting another VAG diesel!

was it a Skoda dealer?

hopefully not, otherwise the same people who are telling us there's nothing to be concerned about and it won't affect our cars preice or performance (therefore no compensation) are the same people telling us our cars are not worth as much as they would be had the issue not surfaced. Surely that's not possible?

There are several reasons why diesel redisual values accross all manufacturers are beginning to decrease in relation to petrol counterparts.

*Second-hand deisel cars are too numerous. Many new cars were purchased because of low BIC rates. Here, diesel beats petrol by a clear margin due to low CO2, so most company car owners choose derv. Go to any auction and >80% of cars sold are diesels.

*The general perception of diesel has become far "dirtier" within recent years. People are aware that NO2 and heavy-metal particulates pose far greater health risks than CO2. Petrol may be worse for CO2, but it is otherwise significantly "cleaner" than diesel.

*There is talk of "diesel taxes" upon the horizon.

 

Of course, VAG's illegal behaviour doesn't help, but the trend for diesel popularity had already peaked before they performed corperate Harakiri.

 

Petrol prices will also start to drop as Hybrids and PEV's become far more cost-competative and obtainable.

That article talks about the brand performance as a whole though, no specific diesel based variants

 

I've read a few articles recently where they point to many manufacturers moving away from diesel engined cars with some brands will move away entirely by 2121

 

The big push now for manufacturers is small capacity high output turbo petrol units, electrical/hybrid units and autonomy - diesel will be deserted unfortunately.

2121?

I think this has nothing to do with Dieselgate thats just an easy answer to give the customers & to make it easier to swallow.

The Octavia is a very popular car especially with the 0% deals which were offered.

As the car is nearing 4-years old the used market probably has a lot of cars from the end of lease around now.

 

 

Diesel will be hear for a long time still until something as economical comes along. (diesel is also cheaper to buy in some countries = win-win)

Plus diesel still out sells petrol in many countries in Europe - no-manufacturer will drop it until people start buying something else.

2121?

Hover cars ????

2121?

Hover cars ????

I disagree around diesel - I think it'll always serve a purpose until something like Hydrogen is fully developed. The low capacity turbo petrols and hybrids still can't get anywhere near diesel economy on a long run.

Take for example a 1.0 ecoboost Focus I had as a hire car a while ago - the most I could get out of that on a motorway was 44 mpg, where as on my TDI Octy it will do 10 more mpg with the same driving style.

I can get 44mpg on my 1.8tsi 4x4.

So Im quite confident that the Fwd 1.8tsi and the 1.4TSI can do much better.

I did try the 1.6TDI a few weeks back, and it made me glad I chose petrol. So noisy and slow to warm up. The consumption was better, no denying that. But not enough to make up for the drawbacks.

I can get 44mpg on my 1.8tsi 4x4.

So Im quite confident that the Fwd 1.8tsi and the 1.4TSI can do much better.

I did try the 1.6TDI a few weeks back, and it made me glad I chose petrol. So noisy and slow to warm up. The consumption was better, no denying that. But not enough to make up for the drawbacks.

I don't think the Ford engines are anywhere near as economical as they make out - my mums 2010 Fabia 1.2 TSI DSG7 will hit 47 ish on a run easily.

Next diesel for me will be a 430d Gran Coupe I reckon - silky smooth by any standards and pulls like a train.

2121?

Doh...2021

People always talk about diesel as an MPG thing, but in reality, diesel engines have other great virtues. They have so much mid range torque, it makes them easy to drive briskly and for a similar engine size, a car will pull a trailer/caravan etc better as well as a much taller top gear, so motorway cruising can be a very relaxed affair. Ok so there is an mpg boost as well, but for many driving scenarios, diesel is just better all around (if only they sounded better :( )

People always talk about diesel as an MPG thing, but in reality, diesel engines have other great virtues. They have so much mid range torque, it makes them easy to drive briskly and for a similar engine size, a car will pull a trailer/caravan etc better as well as a much taller top gear, so motorway cruising can be a very relaxed affair. Ok so there is an mpg boost as well, but for many driving scenarios, diesel is just better all around (if only they sounded better :( )

Totally agree! The BMW 6 cylinder Diesel engines sound pretty good in my opinion.

People always talk about diesel as an MPG thing, but in reality, diesel engines have other great virtues. They have so much mid range torque, it makes them easy to drive briskly and for a similar engine size, a car will pull a trailer/caravan etc better as well as a much taller top gear, so motorway cruising can be a very relaxed affair. Ok so there is an mpg boost as well, but for many driving scenarios, diesel is just better all around (if only they sounded better :( )

My diesel is there for going home tired and can't be bottomed rowing the thing on the gear lever every time I lift, and for the several 4 to 8 hours tags a year.

...... can't be bottomed rowing the thing on the gear lever every time I lift...... 

 

 

There is more to these diesels than I thought! 

There is more to these diesels than I thought! 

?

I was doing an alternative "clean" version of my feelings about torque-free petrol engines.

I was worried about you being 'bottomed'.  ^^^^^^    It doesn't sound like a comfortable driving position 

Edited 16 September, 20169 yr by Lady Elanore