36 minutes ago, MattChr said:

PCP is protecting you from fall in market value below your agreed final value.

As it's voluntary, your position is in the dealer's hands - will they see your diesel car as difficult to sell on (less trade in value), or as an opportunity to clear unwanted stock (incentives etc)?

First 18 months will have been the worst for depreciation, with or without dieselgate. Only benefit of changing is if you're not in negative equity, saving more money from going down the drain?

Also in 18 months there could be more options from other manufacturers, like more affordable or more performance-oriented hybrids. 

 

Spot on - exactly all the things in my head. Funny that the much knocked PCP with GMV payment at the end might actually serve as a protection as you say. PCP has always suited me although I can understand how it would not suit others, but 0% finance in any form is hard to ignore. 

But as you say, I was just wondering if I had an equity at the month (which is unlikely to be much in the first 18 at the best of times) and if I had it might be worth protecting. All things considered I'm happy to stick with what I have. Its a fantastic car and be happy to drive it on - but foolish not to consider options given the current market.

 

But even leaving finances aside - the petrol VRS is just not an option anymore anyway. Off the market for the time being. So I couldn't even get a quote from dealer.

Edited 26 February, 20188 yr by AJAMESR

3 hours ago, AJAMESR said:

Dealer got back to me and told me Petrol VRS has been discontinued in Ireland. ALthough its still on the configuration options of website.  Why do I get the impression its been pulled until they sell out the current batch of diesels. 

 

 

It's more that they have so many orders they are already up to the point in the summer at which they have to put a different, newer petrol engine in , due to emissions regulations.

And they haven't yet announced what the newer petrol engines will be, so can't take any orders for them

5 minutes ago, Wet Kipper said:

 

It's more that they have so many orders they are already up to the point in the summer at which they have to put a different, newer petrol engine in , due to emissions regulations.

And they haven't yet announced what the newer petrol engines will be, so can't take any orders for them

 

What - you don't like my conspiracy theory? :-)

 

 

Pls stop this media spin offs with BS of banning Diesel cars. Only 15 yrs old cars are going to be ban from entering city not new ones!

4 hours ago, Croat said:

Pls stop this media spin offs with BS of banning Diesel cars. Only 15 yrs old cars are going to be ban from entering city not new ones!

 

Not BS man - this report from the BBC mentions "ALL Diesel by 2025" in four major cities. 

http://www.bbc.com/news/science-environment-38170794

 

Now, that is still slow enough not to affect me personally, and I'm not in one of those major cities - but it has a knock on effect to the value of my car. 

But things like tax hikes and fuel price hikes will be more the starting point to dissuade people from going diesel, and they can come in at any stage - just like the government to use this as an opportunity to raise taxes under the guise of protecting the environment.

Point is - the specifics of what, how and when the disincentives come about is impossible to know - but what we do know is where it is headed. And I don't think thats media spin off BS. 

I'm still very happy with my Diesel car, its fantastic - but I'd be foolish not to consider my options and try and protect whatever small equity I have in it by switching to something that is less likely to depreciate at the rate that current diesel's will. 

38 minutes ago, AJAMESR said:

 

Not BS man - this report from the BBC mentions "ALL Diesel by 2025" in four major cities. 

http://www.bbc.com/news/science-environment-38170794

 

Now, that is still slow enough not to affect me personally, and I'm not in one of those major cities - but it has a knock on effect to the value of my car. 

But things like tax hikes and fuel price hikes will be more the starting point to dissuade people from going diesel, and they can come in at any stage - just like the government to use this as an opportunity to raise taxes under the guise of protecting the environment.

Point is - the specifics of what, how and when the disincentives come about is impossible to know - but what we do know is where it is headed. And I don't think thats media spin off BS. 

I'm still very happy with my Diesel car, its fantastic - but I'd be foolish not to consider my options and try and protect whatever small equity I have in it by switching to something that is less likely to depreciate at the rate that current diesel's will. 

Not meaning to sound like I’m picking fault with your argument but the four cities are: 

 

Paris, Mexico City, Madrid and Athens

 

 

London is having a reasonable approach compared to Paris, Mexico, Madrid and Athens...

A daily charge means you can drive it into the centre, it just becomes very expensive if you do it on a frequent basis. Discourages ownership of diesels for the short school runs. Suits those who do big mileages on motorways to business parks etc. 

Otherwise, a total ban could mean significant charges or other harsh penalties, making the diesel problem far worse for your car value.

Although black cabs are pretty filthy and run on idle far too much, they're incentivising earlier disposal of taxis at 10 yrs old (rather than max 15 yrs)  and all new taxis now need to be sub 50g/km. Bearing in mind EU5 (i.e. DPF) was compulsory from Sept 2009, we're not too far away from incentivising all EU4 to be disposed, so taxis should be a little cleaner in a short-ish timescale.

 

Paris, Mexico, Madrid, Athens and London aren't the only cities introducing restrictions, look up Crit'Air, affecting 25 areas by 2020. They classify EU5 and EU6 diesels together in band 2. Petrol EU5 and EU6 are in band 1. The restrictions will apply to their bands, not fuel type.

 

Personally, if I had a diesel and my needs still suited it, I'd keep it until it dies, possibly end of PCP, or if my driving profile drastically changes. The latter was my reason for changing to TSI.

9 hours ago, AJAMESR said:

I'd be foolish not to consider my options and try and protect whatever small equity I have in it by switching to something that is less likely to depreciate at the rate that current diesel's will. 

You are on a 0% PCP therefore, as the finance was costing you nothing, you put down very little deposit, with the depreciation curve being well, curved & your payments being flat you will NOT be in positive equity until the very last few months.

 

Perhaps, not even then with a diesel in the current environmental mindset.

 

Cheapest thing is to just give it back at the end of the PCP & buy a new car whichever is best for your requirements then, either way "stop sweating the small stuff"

1 hour ago, themanwithnoaim said:

You are on a 0% PCP therefore, as the finance was costing you nothing, you put down very little deposit, with the depreciation curve being well, curved & your payments being flat you will NOT be in positive equity until the very last few months.

 

Perhaps, not even then with a diesel in the current environmental mindset.

 

Cheapest thing is to just give it back at the end of the PCP & buy a new car whichever is best for your requirements then, either way "stop sweating the small stuff"

 

Exactly this.

 

Diesel / Petrol / Hybrid - it doesn’t matter. PCP’s are worked out in such a way that by the end you should be at about break even point, with a chance of having a very small equity, but I’ve never seen that happen.

 

If you know you’re going to have negative equity, you can simply use your right to VT and just hand the keys back.

My rather uneducated but simplistic reply to this would be...

 

In my case I do approx 20k miles a year, I also tow a caravan several times a year, so for me the choice is limited. I came to Skoda from a Hyundai Santa Fe, and already find a huge improvement in economy with my scout diesel. As far as I can see at the moment there is very little alternative in the petrol world that will provide what I currently require, and there is nothing at all in the hybrid or electric range that I can use.

I am well aware that in say 5 years or so the domestic availability of diesel machines will either be very limited, or suffer from a punitive tax system, so my current standpoint will be to keep my Scout, maintain it as well as I can and wait to see what improvements there are in the world of elec / hybrid, particularly related to towing ability. I know the modern petrol engine is being constantly improved, but even so it is not quite there in relation to being able to compete with the versatility of the diesel for high mileage efficiency and load pulling. I will watch how things progress with interest.

 

A Court case in Europe today has said any City exceeding pollution limits is free to ban older diesels

 

Apparently German diesel sales have also crashed and are down to about 39% of new cars

 

Suggests the residual values on diesels is only going one way (down)

Having a quick giggle to myself reading some of the comments - history repeating itself. It's just like how they used to sell endowment policies.

 

PCP - GFV protecting you. But when I mentioned low GFV values when PCP's were introduced to this country, the line was - "Oh forget that. The GFV is set at a much lower price than you'll actually get for your car, it's set low so you have equity for the deposit when moving to your next PCP". That was line used by all salespeople.

 

People saying thank goodness for GFV but seem to forget about forking out a large deposit on a car you're unlikey to own. Bottom line, doesn't matter how you look at it, cars cost you money, new cars cost you LOTS of money and buying it using someone elses money will cost you even more. 0%? there's no such thing.

 

To the OP - whatever you do, don't get hung up on offers like 0%. Skoda's offers are just like the Currys or DFS sale, they're never ending. If it's not 0% then it's money off the price. "Special offer - £2000 discount, but you need to register your car by..." .  It's all sales bull.

 

If you're worried about depreciation / offers etc - why are even thinking of buying new? As per above example of 4x4 - my cars list price new was a tad over £27k. I bought it 4 months old with 1400 miles on the clock for £17750 - and that was a 1.4tsi - knock another £1000 off that if it's diesel (1.6 or 2.0 - doesn't seem to make any difference).

 

 

 

 

 

Edited 27 February, 20188 yr by Guest

On ‎27‎/‎02‎/‎2018 at 15:31, Scot5 said:

Having a quick giggle to myself reading some of the comments - history repeating itself. It's just like how they used to sell endowment policies.

 

PCP - GFV protecting you. But when I mentioned low GFV values when PCP's were introduced to this country, the line was - "Oh forget that. The GFV is set at a much lower price than you'll actually get for your car, it's set low so you have equity for the deposit when moving to your next PCP". That was line used by all salespeople.

 

People saying thank goodness for GFV but seem to forget about forking out a large deposit on a car you're unlikey to own. Bottom line, doesn't matter how you look at it, cars cost you money, new cars cost you LOTS of money and buying it using someone elses money will cost you even more. 0%? there's no such thing.

 

To the OP - whatever you do, don't get hung up on offers like 0%. Skoda's offers are just like the Currys or DFS sale, they're never ending. If it's not 0% then it's money off the price. "Special offer - £2000 discount, but you need to register your car by..." .  It's all sales bull.

 

If you're worried about depreciation / offers etc - why are even thinking of buying new? As per above example of 4x4 - my cars list price new was a tad over £27k. I bought it 4 months old with 1400 miles on the clock for £17750 - and that was a 1.4tsi - knock another £1000 off that if it's diesel (1.6 or 2.0 - doesn't seem to make any difference).

 

 

 

 

 

Porsche who now own VAG have just built their last diesel car so sales must be dire as all future Porsche's including SUV's will be solely petrol or hybrid powered.

5 minutes ago, shyVRS245 said:

Porsche who now own VAG have just built their last diesel car so sales must be dire as all future Porsche's including SUV's will be solely petrol or hybrid powered.

 

 

I doubt it. 

 

Just for the short term they will be Petrol and Hybrid. 

 

The future for Porsche with internal combustion engines will be similar to other manufacturers gone within a few decades.

 

Lee

On 3/5/2018 at 17:25, shyVRS245 said:

Porsche who now own VAG have just built their last diesel car so sales must be dire as all future Porsche's including SUV's will be solely petrol or hybrid powered.

 

Porsche of course don't have much of a history of building diesel cars.  Less than ten years I think?