Contemplating purchasing a Kodaiq 1.4 TSI 150 (Which will become a 1.5) DSG SE L, with ACC and Front sensors. The dealer has come up with 2800 deposit and 337 a month over 4 years with 12k a year mileage. They've also said they will price protect the retail price if we order in July. Is there an easy way to compare PCP deals? Other dealers that I've contacted won't quote on the 1.4 becoming a 1.5 so it's hard to get a bench mark. Also, apart from ACC and Front Sensors are there any other options people would recommend?

 

Cheers,

Welcome to Briskoda 

 

What is the final payment? This is important as you need to compare the 'total amount paid' to know if it a good deal or not.

 

Deposit + all monthly payments (including interest) + balloon / final payment = total amount paid.

 

What does the dealer mean when they say "they'll protect the retail price"? Protect if from what?

 

Edited 26 July, 20187 yr by silver1011

Thanks for you response answers below:

 

Cash Price: 29274

Less Advance Payment: 4800

Add Charges: 3507

Balance: 27982

47 Rentals: 338

Final Payment: 12105

 

Cheers,

As i understand it if the price of the 1.5 is more than 1.4 then i'll pay the price of the 1.4.

Ah, OK, if the retailer is offering to honour the 1.4 TSI quote, knowing that they'll deliver you a 1.5 TSI, then that is good, and probably worth at least £500.

 

Are you looking at a 5 or 7 seater (£1,000 difference)?

 

Does your quote include paint, or are you assuming the no-cost Energy Blue? Candy white @ £215 or Meteor Grey / metallic / pearl effect @ £595?

 

If you're going for the 7 seater, has the dealer already baked into the quote the £2,000 finance contribution?

 

 

Edited 26 July, 20187 yr by silver1011

Thanks again.

 

7 Seater with Metallic Paint, pretty sure the 2k deposit is included.

 

Cheers.

SE L, 7 seats, 1.4 TSI 150PS DSG - £30,270

Metallic Paint - £595

Front parking sensors - £360

Driver Assistance Package (ACC) - £1,260

Total - £32,485.

 

Minus £2,000 finance contribution = £30,485.

 

Your deal for comparison = £29,274, so a dealer discount of £1,211 or in other words a 4% discount, which is pretty poor. You should be aiming for closer to 15% dealer discount (without factoring in the upgrade to the 1.5 TSI engine and potential price increase when the MY19 prices are announced - hence the pressure from the dealer to order before the 1st August).

 

Registering with these guys (carwow) and spending 10 minutes filling in your details is definitely worth the effort, you'll definitely improve on the 4%, any main dealer wanting your business will at least match carwow (carwow uses a select number of Skoda dealers and offers you multiple prices from these dealers, basically it finds you the best price without having to make contact with several dealers yourself)...

 

www.carwow.co.uk

 

Looking at the PCP, the car will cost you in total £36,298 (£29,274, minus £4,800 deposit, plus £3,507 interest, plus £15,886 monthlies (47 x £338), plus £12,105 (final payment)...

 

"Cash Price: £29,274

Less Advance Payment: £4,800

Add Charges: £3,507

Balance: £27,982

47 Rentals: £338

Final Payment: £12,105"

 

As an alternative, maintaining the deposit, but funding the remainder with a regular bank loan...

 

£29,274 - £4,800 = £24,474 to borrow.

 

A £24,474 loan over 48 months @ 2.9% APR (compared to 4.9% with Skoda Finance) with Sainsbury's bank = £25,931, a big saving versus the PCP. The downside is the higher monthly payments (£540), which can be reduced by stretching the term (84 months = £321 / month).

 

Sanity check those numbers, £36K via Skoda Finance (PCP) compared to £26K from Sainsbury's (regular bank loan) seems a big difference!

 

Edited 26 July, 20187 yr by silver1011

I’d certainly recommend Carwow. 15%  of first Bear and close to 19% on the second.

ACC is not £1260. It’s more like £300 (without looking)

ACC by itself is shown on the price list, but I could have sworn it wasn't showing on the configurator earlier.

 

It is now and probably was earlier...

 

 

1 hour ago, MrTrilby said:

ACC is not £1260. It’s more like £300 (without looking)

 

Correct - but the Driver Assistance Package is that much... because it also adds in Lane Assist, Blind Spot Monitors, etc. etc.

 

I still say that if you're going to add that to an SEL, you might as well go for an Edition.

 

8 hours ago, JL5 said:

are there any other options people would recommend?

I went for a heated windscreen and steering wheel, but since I've only had the car for 2 months I can't say yet if they are worth it. I find the rear camera useful, but not everyone thinks so. Wish I had the full area view, but it's very expensive. If someone else drives your car regularly then the electric seats with memory function are great (standard on edition). If you are going for driver assistance package you should think about Edition spec. 

Don't forget the spare wheel.

Edited 26 July, 20187 yr by gojoholo

I’ve got the same question in mind. Just signed the paperwork for a new Edition TDI 190 4x4 DSG in Business Grey, only the spare wheel as an option as it was stock.

 

Zero Deposit

£33,000 - £2,000 Skoda contribution

£31,000 to finance

£412 a month x 48

Final Payment of £16,110

10,000 Miles P.A.

 

I felt it was a pretty good deal at the time...have I rushed in too soon before squeezing the best offer?

I’d put the same spec into Carwow and see what other dealers come back with. Looking at your figures they seem to be list, minus the Skoda contribution of £2k.  But you’d need to look at the spec the dealer used to be sure.

 

 

Edited 27 July, 20187 yr by Jfhuk

I’ve had 3 quotes come back from Carwow this morning, and they’re all between £33,200 and £34,000 but that’s including the £2k contribution.

 

So I’m pretty happy with £33k and the £2k taken off of that, £31k OTR.

On ‎26‎/‎07‎/‎2018 at 16:14, silver1011 said:

Your deal for comparison = £29,274, so a dealer discount of £1,211 or in other words a 4% discount, which is pretty poor. You should be aiming for closer to 15% dealer discount (without factoring in the upgrade to the 1.5 TSI engine and potential price increase when the MY19 prices are announced - hence the pressure from the dealer to order before the 1st August).

 

I agree. Resale values on cars is so poor in generally that you should aim for 15-25% discount unless you are buying a car that's hit the market in the recent 3 months. Granted, SUVs are often offered with a smaller discount but you should still aim for 10-15%, alternatively buy pre-reg or low mileage.

 

The best time to buy is July-August or Feb-March when plates are due to change. Carwow is a good start for gauging what discounts are available. Because WLPT changes and low stock, some dealers might offer lower than typical discounts on petrol models right now.

On 02/08/2018 at 13:54, Crassus said:

The best time to buy is July-August or Feb-March when plates are due to change. Carwow is a good start for gauging what discounts are available. Because WLPT changes and low stock, some dealers might offer lower than typical discounts on petrol models right now.

Are you sure, that's when most people by their cars and dealers are less inclined to offer discounts as they hit their targets.

 

I thought the best time to buy is Oct-Dec and April-June/

1 hour ago, TonyTonic said:

Are you sure, that's when most people by their cars and dealers are less inclined to offer discounts as they hit their targets.

 

I thought the best time to buy is Oct-Dec and April-June/

Because some people are obsessed with plates, dealers do good deals on stock and incoming cars that must be registered before the day of the plate change.

My best advise is to subscribe to newsletters for various dealers so that you know their promotional calendar when it's time to change car.