Hi Guys,

 

Ive come late to this forum and Skoda.

 

I was looking to buy a new Superb for cash.

 

I was trying to do a quick deal to make use of the Skoda scrappage scheme as I have an old qualifying diesel. On a new Superb I'd get £4k scrappage for my old diesel. But to get this I would need to order by 31st December (I could do this) but car has to be registered by 31st March 2018. With current build times this may not happen, so I would not get the scrappage.

 

A dealer suggested taking out a PCP deal, getting the £3k discount on this, selling my car privately (I would get over £1k) then settling the PCP deal early after only paying a couple of months interest.

 

Any of you guys with more knowledge than me know if this is ...

1 Legit

2 Would work

3 Have any unforseen consequences

 

Thanks

Parked

Yes this is legit and does work.

I did a similar thing, paying it off after a couple of weeks, so only incurred interest of £20-£30.

VWFS were very helpful in doing it.

1 Yes    

 

2 Yes    

 

3 Depends if you get over a grand for your old car, if yes, then No    

 

My son bought a car on similar tearms  ( no trade in thought ) Took out a PCP to get the discount, as it was on finnance he got a 5 years warranty and 5 years RAC cover then paid off the finance the next week.    Sorted

Thank you so much for your advice guys!

 Just had anther check on my Carwow price and maybe I havent been so clever.

 

The PCP price is £800 less than the cash price, but unfortunately for me "includes additional finance deposit contribution of £3000" so if I am correct if I went PCP route the car would cost me £3200 more than paying cash price after getting scrappage of £4k......................................Bugger!

28 minutes ago, Parked said:

 Just had anther check on my Carwow price and maybe I havent been so clever.

 

The PCP price is £800 less than the cash price, but unfortunately for me "includes additional finance deposit contribution of £3000" so if I am correct if I went PCP route the car would cost me £3200 more than paying cash price after getting scrappage of £4k......................................Bugger!

 

Skoda are offering a Contribution of £3K on a Superb using a PCP,  they pay the £3K, not you..........

Edited 16 December, 20178 yr by Auric Goldfinger

Hi Auric,

 

Yes I understand that.

 

What I didnt appreciate until studying my prices was that the PCP price from Carwow already included this discount.

 

So I had two prices from CarWow one for cash, one for PCP

 

As example Cash price £20800

PCP Price £20000 ( includes additional finance deposit contribution of £3000)

 

So if I got £4k scrappage cash price £16800

PCP with no scrappage £20000

 

So if I cant get scrappage now I'd be £3200 worse off although I would still have my old diesel.

 

I am right arent I?

 

Thanks in advance for reading lots of boring figures 

Happy New Year Guys,

 

Skoda have extended their scrappage scheme to June 2018, this has enabled me to become a Skoda owner as I am getting £4k for my 11 year old diesel.

 

Learning a lot from reading the forum and hope to be able to contribute in due course.

 

Parked