I reckon there's quite a lot of us that bought Mk3s when the 0% finance offers started that are now at the end of a PCP or close to it.

 

Are you paying it off and keeping the car, or changing. If so, what are you going for this time round?

There has been a lot of threads here on the lack of any residual value for nearly all of the original mk 3 Octavia's sold on the 0% deals. The revised versions of this PCP deal have the cars sold more recently with a far lower GMFV, which might give those buyers a fighting chance of having some trade in value albeit at a fairly low level once their deals have ended.

 

In my case as with so many others here my mint low mileage Octavia 3 1.6TD Elegance Estate was in effect worthless, as the trade in value even towards the end of the deal was far below the actual GFMV that I could buy the car for. I had come to like the car rather a lot, it was comfortable, spacious and very economical on fuel but given how much the car had depreciated I felt it a bit risky to throw good money after bad as even if I had bought it and ran it for another year or so, I think that I might have been struggling to get even half the GFMV for it if I had wanted to trade it in for something else. If you intended to keep the car for at least 4 to 5 years, then it would have been worth the gamble. 

 

Given all the cheap PCH deals around just now I managed to get a good deal on a Skoda Yeti 1.4 L & K which I picked up on March 1st after having done the VT on my Octavia handing it back about 6 weeks early in effect. The Yeti is an amazing little car with an incredible amount of kit on it for the small amount that I am paying for it, nothing like as spacious as the Octavia but big enough for my needs on the whole and at least with this kind of deal there is no uncertainty about the costs of "owning" the car as you never need to worry about whether your car will have any equity in it a few years down the line.

 

 

Having to cancel my lease early because of a new job, which is company car only.

 

ill be stuck in a hire car for a couple of months, but I'll be able to order a new one after that.

 

Most likely is going to be an E-class I think. 

I'm keeping mine. 

8 hours ago, SC03OTT said:

I'm keeping mine. 

 

I'm likely to do the same when I get to 42 months, even if the GFV is a bit more than it's part exchange value. 

Mine has a lot of extras that aren't taken into account, and I know it would end up on a forecourt for quite a bit more than GFV. I know the car's history and it still does what I need so I'll keep it for a while yet. 

 

If if I find something else that tempts me though, I may yet change. 

Handing mine back today (about 6 months early on the PCP), I'd got to the point where I could hand it back with no penalty.

 

I'd assumed that there was going to be no cash for me at the end of the PCP, plus in May it would have needed a large service AND the 2 rear tyres are getting there (lasted 37k though), so it just made sense to let it go.

 

Certainly realised that I don't need PCP as I *always* hand the cars back so in effect rent them, so the lower monthly payments on PCH make much more sense.

 

So, picking up a 1.4 SE Sport (with a few extras) for £60 a month less than my current PCP on a 1.6 Elegance, the absolute clincher for me was that 2 years seems to be the time I start thinking about changing cars/getting bored, so a 2yr contract suits me much better.

Handing mine back in also. Have ordered a Superb 2.0l 150 tdi L&K DSG. I love my Race Blue Octavia III but as others have said on here it has depreciated so much that with 8 months left of my PCP it has dipped well below the GFV, I was thinking about purchasing it at the end but certainly didn't want to possibly pay £2000 more than it was worth at the end. Got a good price for the Superb off my local dealer who price matched Car Wow.

Edited 22 March, 20179 yr by tigermad

I looked at getting another PCP but really don't like the facelift.  My dealer said I had about £2k in mine but I put down £7k.  I've changed jobs since taking it out and I'm not on a strict car allowance policy any more.  Looking around I couldn't find anything I'd change it for, what I had left to pay was less than it would cost to buy another similar vRS and I still really like it so I've bought it.  I intend to keep it for possibly another three years.  Looking at remaps now!!