I was wondering if anyone on here has been given ideally a purchase price on a 1.2 DSG at the end of their lease, looking at a recent offer i.e. past couple of months, would be perfect if a Monte Carlo as that is what I am looking at purchasing end of contract. VW have a website you can enter your details to get a price, but you must be in the last 3 months of the contract, so no good for me at the moment, I'll be interested to know what kind of prices are being offered now that the Yeti is no.longer being produced, will VWFS be happy to offload them at discounted prices, mine contract runs until Jan 19, so plenty of time yet, but would be helpful to get an idea after 2 years what kind of prices you guys are getting for trade.

On a PCP deal, the price to purchase is known at the begining of the contract. I was not offered any price other than that at the end of my last PCP deal.

 

PCH is different in that you are not allowed to purchase the car yourself although you can get a price for a friend or family member to purchase. Current PCH has a way to go yet so no idea on final price.

As above - if you're on PCP the price is the price - no negotiation.

You either buy it at the balloon price or it goes off to auction (where of course you could try to buy it back at a reduced cost).

5 minutes ago, 137699 said:

As above - if you're on PCP the price is the price - no negotiation.

You either buy it at the balloon price or it goes off to auction (where of course you could try to buy it back at a reduced cost).

 

My last PCP car didn't go to auction. It was resold through the dealer network at a higher price (listed anyway) than the balloon. No idea what it actually sold at.

I bought mine at the end of PCP - at the time the balloon payment was significantly lower than the prices on various websites for cars of a similar vintage.  As said above, you make the balloon payment at the end which was agreed at the start of your contract.

 

I did have a lease deal a few years ago whereby at the end you could ask for a going price for the car.  This was more to work out how much 'equity' you might hold in the car which could be used as down payment on the next lease.

That’s the same deal. You either pay the balloon payment and keep the car, find it is worth more than the balloon payment but give it to the dealer with the excess value going against next car; or hand it back and walk away.

However a car on personal contract hire can’t legally be bought by the hirer. It can however be sold by the hire company to relatives and friends if they are happy with the price quoted. Something related to the vat paid on the vehicle when new.

The really cheap deals are Contract hire.

Eg I could have asked for a price to buy any of my Company cars as I was not the hirer. Reportedly the price quoted to buy were not competitive though. Some colleagues found out which auction their cars were going to and bought them there for thousands less than the purchase quote offered. Something related to the warranty you get when purchasing directly by law whilst no come back after buying at auction.

Edited 26 March, 20188 yr by kenfowler3966

On ‎26‎/‎03‎/‎2018 at 09:43, Smokeyjoe said:

 

My last PCP car didn't go to auction. It was resold through the dealer network at a higher price (listed anyway) than the balloon. No idea what it actually sold at.

 

It would have gone to auction - the dealer that sold it would have bought it at that auction.

36 minutes ago, 137699 said:

 

It would have gone to auction - the dealer that sold it would have bought it at that auction.

 

The guy that picked up my car said he was taking it to a Skoda site in the Midlands somewhere - not to BCA, and that it would then be sold through a dealer. I subsequently found it when I did a used car search on the Skoda website at a dealers in the Gloucester area.

Dealers have to buy their stock from somewhere. Skoda Finance don't just hand them over. The "skoda site" will be the collection point for all the skoda vehicles before they're passed through a skoda brand auction at a BCA location.

Most of the people there bidding will be from Skoda franchise dealerships.

 

Mine was sold at a BCA auction in Nottingham and then turned up on a dealer forecourt in Glasgow.

If the Dealer settle the outstanding finance with Skoda Finance then the car is there's to do what they like with it.

 

We are in the process of handing back the wifes Fabia 3 SE-L to a dealership. ( on PCP ) We hand them the keys, we walk away, they pay off whats owed and it goes on there forecourt and sold with a profit.

 

 

Simples 

 

 

Edited 29 March, 20188 yr by Auric Goldfinger

Slightly OT, apologies if this info has been posted before.

Following email about providing mileage on our PCH Yeti, the email suggested that the contracted mileage could be amended with a recalculation of monthly lease costs !

Rang up to find that the contracted mileage can only be amended UPWARDS not decreased as I wanted!!

Asked about end of lease extensions :

Can only be done in last 6 months of lease:

6 month & 12 month contract options can be provided, cost based on market values etc at the time and can be lower or higher than present cost, mileage allowance can be amended as well.

Informal extension at current cost of upto 3 months can be obtained, longer if waiting for new vehicle and have order number.

 

Will almost certainly seek an extension on our Yeti and possibly try to purchase it at end of extension if no suitable Yeti replacement can be found for end of 2019.

 

 

I tried to get a price for my Yeti SE 1.2tsi DSG as there is only 5.5 months left on my PCH

 

Skoda Finance wont give a selling price until 3 months before expiry of contract

 

However they are operating Informal extensions of upto 3 months (or longer if you have a new car order number and the new car is delayed), these are at the same monthly rate

In my case I have one of the very cheap PCH deals from summer 2016 (£129 per month) so I could effectively get 3 extra months for under £400 (although I would have to pay for the 2 year service, so that makes it nearer £200 per month average)

 

Whilst on the phone, I also checked about early return, and can return early (on 2 year PCH deal) by paying 55% of the outstanding monthlies

Mileage limits are adjusted pro rata for extra or less time

 

There are also formal extensions available (see post above)

 

 

Having decided to go slightly smaller (easier to park etc) currently considering the Seat Arona (still have 2nd car, roomster for big items)

 

I did ask dealer about the new small Skoda SUV and got a vague Autumn 2019 or perhaps start of 2020 which is too long, this appears consistent with info given out with Vision X at Geneva motorshow (but will then need to consider 3 year service, mot etc) and there is fair chance tyres will need replacing during third year (so 6-12 months extension is unlikely to make financial sense), especially if monthlies are at market rate (guessing £200-250)

 

 

Now I just need to number crunch the discounts on the Arona vs extra costs on Yeti  and then compare to waiting until July to order (when offers/discounts may change, but is guesswork)

 

 

 

Edited 17 April, 20188 yr by SurreyJohn

I’m in a similar position but a PCP in my case.

Runs out Sept/Oct so do I look at ordering Arona now (there seem to be some long wait times depending on model).

Recent price rise and PCP finance rate has gone up to 5.9%....

Reading on an Arona forum, Stoneacre seem to be doing some reasonable PCH deals (via WhatCar site).