My Yeti will be returned to VW Finance today after 42 months of ownership and fault free driving (except one headlamp driver card after first two weeks of ownership.) The residual payment was more than I was offered in a trade in at several dealerships, so it was not sensible to pay it off and keep it.

 

I love the Yeti though, so in the end have gone with a PCH 2 year deal on a 1.4TSI L&K from S******* in Preston. Pick it up on Monday. Can't wait.

Nice one Dave, it's good to hear when a Yeti owner is so happy with it that he moves on to another Yeti  

2 hours ago, Smokeyjoe said:

My Yeti will be returned to VW Finance today after 42 months of ownership and fault free driving (except one headlamp driver card after first two weeks of ownership.) The residual payment was more than I was offered in a trade in at several dealerships, so it was not sensible to pay it off and keep it.

 

I love the Yeti though, so in the end have gone with a PCH 2 year deal on a 1.4TSI L&K from S******* in Preston. Pick it up on Monday. Can't wait.

 

Our latest Yeti purchased on a PCP to obtain a decent price.  However, we can pay the balance now after a month or so or wait until final payment due and decide.  Interesting that the final in your case was more than a trade in value, so maybe wait for the final figures?

I made my balloon payment a month a few months back. When I looked at trade in prices mine was about £500/1000 in my favour.

Was I lucky or is this more typical?

 

Colin

4 minutes ago, eribaMotters said:

I made my balloon payment a month a few months back. When I looked at trade in prices mine was about £500/1000 in my favour.

Was I lucky or is this more typical?

 

Colin

Pot luck whether it's a good deal at the time. I just hate any form of hp , Pcp and would much rather pay one lump sum on purchase. However it may be worth our while to wait and see how it pans out.

This is the first pcp I have done. I still think some good deals are out there using this scheme.

 

I am toying with the idea of a C class Merc estate next time. If I go the pcp route I get about an extra £4/5000. A month or so later I could then pay of the full balance with cash.

 

Colin

I think it also depends what is available. New 17 reg Yeti was a very good deal and I put a lot of extras in as well, so would be very hard to replace like for like.

 

Also you have a car you know all about, for good or bad and that would influence me as to whether to keep it or not if it was a good one.

 

If I have a good car and say trade in was £2k less than balloon payment, it is still an awful lot cheaper to pay the baloon rather than giving the car back and finding one as good for the same balloon amount. Just because the trade in is low doesn't mean an equivalent car bought, if you can find one, would be lower than the balloon as well.

 

Reading between the lines this is a way to justify to yourself that getting a newer, different and more expensive car is a good idea? Nothing inherently wrong in that though if that's what you want.

 

I went for the five year warranty to give myself flexibility, and perhaps increase the value at 42 months when the lease ends.

Wouldn't what the dealers would charge for it be of more interest and more relevant?

The problem I had was that I had one of the very first Facelift models and at the time of purchase, the residuals were forecast to be even better than the original Yeti, so I managed to squeeze a perhaps too large balloon payment through the system. Since then with Dieselgate and retail values of diesel cars dropping a bit, the cost to change meant I would be buying my next new car for more than retail (unless I just handed it back)

 

I had the 'fix' applied some time ago and I must admit to not noticing much difference in the running apart from a few extra regens than before. MPG may have suffered slightly too but I have not kept a close watch on that. I originally was going to buy the Yeti as a keeper having recently retired, but now its out of warranty and the possible problems with EGR valves in the future made me even more wary of keeping it. So in the end it was down to peace of mind, a new car warranty, petrol rather than diesel, and a PCH deal that was impossible to beat in terms of cost of ownership over the next two years with the possibility to extend it if the price is right.

 

Having had a fully expensed company car for the last 25 + years, I am a bit reluctant to have a car that is not under a warranty with a budgeted fixed monthly cost, but I fully appreciate that others will hold a different view.

 

 

Under those circs I would feel exactly the same

My balloon payment is less than trade in value, so I am buying it.

42 months interest free and on my last trade in they gave me cash back equal to the final payment which has been in a fixed bond all that time, so it was always going to be paid for.  

yes mine is sitting in premium bonds. I may actually win!

 

Had intende to buy a secondhand car, but the contribution from SKoda plus zero percent made it silly to do so.

 

As above I had intended to buy my company Greenline from the lease company at three years old and run it a few more years until I retire, but having to have the fix done spoilt it for me and I didn't want it anymore. (company car scheme has finished so now have to buy my own car for work use)

Picked up the new Yeti 1.4TSI L&K today. 275mile drive home and I am very impressed. Much quieter and smoother to drive than the 2.0TDI 140 I had before. All the controls seem more up market too but maybe the old car was just 'used'. Such a shame the car has been dropped bu Skoda.

Did you get any "refurbishment fees" on handback to Skoda Finance? Mine was assessed and was told I needed to pay about £300 in repairs to paint defects & discoloration on some trim which they claim is the result of an inadequate repair.

 

I'm currently in dispute with them on this as the paint defects are all on panels that were repaired by skoda under warranty for zinc blisters - and the discoloration of the trim cannot be down to any repair since that panel has never been repaired....

13 hours ago, 137699 said:

Did you get any "refurbishment fees" on handback to Skoda Finance? Mine was assessed and was told I needed to pay about £300 in repairs to paint defects & discoloration on some trim which they claim is the result of an inadequate repair.

 

I'm currently in dispute with them on this as the paint defects are all on panels that were repaired by skoda under warranty for zinc blisters - and the discoloration of the trim cannot be down to any repair since that panel has never been repaired....

 

The guy who came around to assess the car passed it as 'no damage' but the guy who came to collect it next day (Not driven between visits) insisted he had to also do a 20 minute check because he was going to drive it back to the West Midlands somewhere and any damage found would be down to him. He found a few stone chips on the front bumper, a couple of nicks on the top of the rear bumper, a mark on the front offside alloy (not a scuff, more like corrosion) and the rear door had marks on the inside rear panel. He said this was not for any refurbishment issues, just for his protection. I have not heard anything else since, so I am hopeing the original report is all that they will look at.

Same when my lease car was collected for work. An independent inspector representing the lease company who would have recharged any damage back to my employer. And the collection driver also did a thorough inspection on collectiony as any difference when delivering would be down to him so he needed to pick up every item of damage and photo it before driving away.

Edited 5 September, 20178 yr by kenfowler3966

9 minutes ago, kenfowler3966 said:

Same when my lease car was collected for work. An independent inspector representing the lease company who would have recharged any damage back to my employer. And the collection driver also did a thorough inspection on collectiony as any difference when delivering would be down to him so he needed to pick up every item of damage and photo it before driving away.

Thanks Ken - thats reassuring