New Karoq Offer

[josall]

Hi everyone, Just received an offer from Simpsons on the new Koroq

 

So I thought it may be of interest for discussion

 

http://www.simpsonsskoda.co.uk/pch-offers/karoq-se-tech/

[Macdemon]

Thanks josall.

 

And welcome to the forum.

Edited 15 October, 2017 by Macdemon

[pee81]

Some cracking deals on quite a few various models,wish my pcp was nearly up then I'd go for one of those deals

[SurreyJohn]

On 13/10/2017 at 22:13, josall said:

Hi everyone, Just received an offer from Simpsons on the new Koroq

 

So I thought it may be of interest for discussion

 

http://www.simpsonsskoda.co.uk/pch-offers/karoq-se-tech/

 

 

The deposit is very high, for 24 months is effectively adding over £100 per month.  So effectively renting from £250-330 per month

[D-Cunningham]

Agreed. If you take a mid-point example like Karoq 1.5TSI 150PS DSG Auto SE Technology - £179 per month inc VAT, this looks great. Then you do the sums that SurreyJohn is talking about and it looks rather less attractive. £179 x 23 months gives you £4117, then you add on the deposit of £2490, giving £6607. If you divide that by 24 months you're looking at about £275 a month. Then when you hand it back, you hope they don't quibble about "fair wear and tear" and charge you some more on top. Just a cautionary thought.

[josall]

Blimey they are having a sale already..............and that's before they are available 

 

http://www.simpsonsskoda.co.uk/pch-offers/karoq-se-tech/?inf_contact_key=927ebd4b498b13bc4dfd3024847b0a2afede25a33a2f64c7b5c3a94bdc951780

[Ootohere]

^^^ 

Is it What Car Car of the year 2018 yet

, pre anyone owning one and Journalists having driven a Left Hand Drive model!

[SurreyJohn]

Just been emailed this offer,   Over 24 months works out at average £186 (including VAT) per month, it does seem odd that Karoq is cheaper than some Fabia deals

 

http://www.fleetprices.co.uk/personal-lease-cars/skoda/karoq-estate

 

 

 

[Danny 57]

They have the 1.6 diesel but it is not on the configurator.

[Ootohere]

Mk3 Fabia residuals are terrible, and Skoda UK need Karoq ordered and first registered.

[SurreyJohn]

Some of the 2 year deals seem good value, especially if you can hand back just before service is due.  I am guessing that Skoda are trying to get loads on the Road and a decent supply of used ones with mileages of 15-20k in 2 years time.

[Y3ti]

Simpsons want you to collect the car from them, but for people in the South of England it's a bit of a hassle. 

I have just sent the Simpsons offer to my local Skoda dealer to see if they can match it, and they did. It's worth a try.

[Orville]

The Karoq lease deals are very attractive. Marshall's have offered me an SE Tech 1.5 DSG for £1,556 initial plus 23x £173pm. That's £5,535 in total.

 

If I purchased the car new, even including a decent dicount it would depreciate by ~£8K within two years, plus I'd have to pay for the second years Road Tax. Current lease prices provide good savings if you change your cars every 2-3 years.

 

Above price is for a bog-standard car, but SE Tech spec is pretty good.

Edited 18 November, 2017 by Orville

[eribaMotters]

I must admit it is a close call. If you look at https://www.fleetnews.co.uk/car-running-costs-calculator?Years=3&Miles=30000&CarType=suv-and-crossover&Manufacturer=skoda&Model=karoq&CO2From=&CO2To=&BIKPriceFrom=&BIKPriceTo=&SortBy=Manufacturer&SortDesc=False&FuelType=petrol

You would need to add in a £1500 discount if taking out a pcp, so depreciation would be £21,810 down to £12,750 over 3 years, about £9K.

 

Colin

[Orville]

1 hour ago, eribaMotters said:

I must admit it is a close call. If you look at https://www.fleetnews.co.uk/car-running-costs-calculator?Years=3&Miles=30000&CarType=suv-and-crossover&Manufacturer=skoda&Model=karoq&CO2From=&CO2To=&BIKPriceFrom=&BIKPriceTo=&SortBy=Manufacturer&SortDesc=False&FuelType=petrol

You would need to add in a £1500 discount if taking out a pcp, so depreciation would be £21,810 down to £12,750 over 3 years, about £9K.

 

Colin

Don't forget the additional £2700 interest charged for taking out Skoda's PCP Finance @ 5.5% APR over 3-years. That would make it a ~£11,7000 loss over 36 months, or 36x £325pm total cost. You also need to add Road Tax.

 

The 2-year lease above works out at 24x £231pm total cost.

Edited 18 November, 2017 by Orville

[prodata]

Another benchmark for assessing these Karoq deals is the discount available for outright purchase, which currently looks to be around 5% judging from eg Carfile.

[cootuk]

Leasing ridiculously cheap for a PCH 1.0 TSI SE Technology 5dr..cheaper than the Yeti was

 

£214.72

Per Month, INC VAT

Rental Profile	1+23
Annual Mileage	8k Miles p/a
Initial Rental	£214.72
Additional Fees	None

Edited 5 December, 2017 by cootuk
yeti

[bigjohn]

LingsCars has some great PCH deals on the Karoq:-

 

https://www.lingscars.com/personal-car-leasing/skoda/karoq/2690735-1.0-Tsi-(115bhp)-SE-Technology-2WD-Station-Wagon-5dr-999cc

 

[Wardy]

On 05/12/2017 at 23:45, bigjohn said:

LingsCars has some great PCH deals on the Karoq:-

 

Probably similar to Fleetprices and Hub Leasing, and you don't have to put up with an annoyingly designed website

 

They have comparable deals, but on the 1.5TSI.
 

[bigjohn]

9 hours ago, Wardy said:

 

Probably similar to Fleetprices and Hub Leasing, and you don't have to put up with an annoyingly designed website

 

They have comparable deals, but on the 1.5TSI.
 

 

For me the one thing in favour of Ling cars is I know someone that's one their second car through them.

 

At the moment leasing never quite adds up for me due to my highish annual mileage - although they do look attractive

 

I always aim for less than £100/month capital cost with a new/nearly new car but that involves then keeping cars for a while and throwing away (nearly) at the end and ignoring depreciation. However with leasing road fund licence is included and servicing should be minimal during the hire period - probably not needing brakes etc. You also end up running a newish car all the time .

 

I also like owning a car rather than having a montlhy outlay as you never know when your circumstances may change - I got caught out a lot of years ago by redundancy and have been somewhat risk averse ever since

[Wardy]

All these things obviously need considering - you just need to go with which approach works best for you

 

My current Yeti was sourced via Hub Leasing and I'd have no hesitation using them again, or recommending them.

[bigjohn]

On 12/8/2017 at 23:39, Wardy said:

My current Yeti was sourced via Hub Leasing and I'd have no hesitation using them again, or recommending them.

 

Looks good  - Karoq 1.0 SE Tech 10k miles/year - 6+23 @ £178.94 inc vat (total for 24 months £4294.56)

Edited 10 December, 2017 by bigjohn

[freedie]

er... £5189.26?

 

[Ootohere]

^^^

Go buy a new factory build or even an ex demonstrator of any model from any manufacturer for £20,000-£30,000 car and it will cost you £2,500-£3,500 a year in depreciation and probably more in the first 2-3 years.

 

Then that £20,000-£30,000 needs Cash Money laid out, or Financed and borrowing money might be cheap but not free, even if it shows 0% interest.

 

Leasing a £20,000-£32,000 or so RRP vehicle for 3 years from 'Motability' the charity costs over £9,000.

(You are allowed to do 20,000 miles a year though..)

Edited 11 December, 2017 by AwaoffSki

[SurreyJohn]

Including VAT can get 2 year lease on 1.0tsi technology for under £5000, example on link

http://www.claris-vs.com/personal-lease-cars/skoda/karoq-estate

 

As that includes car tax I suspect, it would be virtually impossible to buy one, suffer 2 years depreciation and resell without costing more than £5k

 

Its not as if you need a big deposit, there is a 1+23 deal in there for £199.63, for all 24 months,  so that’s £4791.12 over the 2 years.  Even after adding the £358 admin fee doesn’t take it much over £5k total.