My PCH deal ends in two months and while I can get this extended for an in-formal three more months going beyond that means any new VW Group order has to be "in build" - in which case VWFS will extend until the new car is delivered.

 

The  formal VWFS 12 month extension offer nearly doubles my monthly payment, incredible! - so won't be taking that option.

 

However finding a replacement for the Superb isn't easy and hence wondered what others were doing when faced with the same challenge.

 

The BCA offer price to purchase is 'reasonable' but I am wondering if I don't accept this in the next 14 days does the price start to increase?

 

But even if I did buy the car I am left with the quandary that I have a two year old car that will continue to depreciate quickly. The loss from new RRP is already 40%.

 

My costs for the two years in the Superb are less than the RRP loss so at least I haven't lost that myself which I would have done if I had bought outright.

 

I could take  a 2.5% loan and just keep paying what I am now and then its mine to own and do what I want with I guess.

 

The flip side is the desire for another  brand new car, although for what I am paying the Karoq SEL seems the best option, although I am not convinced the cars are equitable - no bumper colour coding, no electric seats

 

The Superb Estate has something about it that I haven't enjoyed in a car since my early six pot E30's and 1990's W124's.

 

Thoughts??

Tough one I suppose! But if you're enjoying the car so much, and there aren't any worthwhile PCH deals out there at the moment (I agree, I haven't seen anything good except for the Volvo S90 but lead times were looong) then maybe buying it with a cheap loan is the best option. Added advantage you know exactly what you're getting! It's had it's biggest depreciation so that will slow down now too. The only downside to this is that you're probably looking at locking in for 18-24 months (at a guess) in terms of the settlement of the loan being less than the value of the car.

https://www.simpsonsskoda.co.uk/pch-offers/  ??

What I can't get my head around is the lock in as you suggest. Taking another PCH commits you to lets say £7500 for two years.  Although that's dead money. but its easy motoring and you are protected by warranty.

 

Over the same period the same payment would get me a £15,000 used car, albeit one I know and like.

 

But in June 2021 if my used car is worth less than £7500 then I am worse off and in the next two years the car will be out of warranty, need an MOT, tyres and being a diesel the DPF could go wrong.

 

If someone offered me another Superb at the price I am paying today on a PCH I would take it without much thought but the deals aren't there.

 

 

 

2 minutes ago, bigjohn said:

https://www.simpsonsskoda.co.uk/pch-offers/  ??

 

Where have the Superb deals gone though?

 

The best deals seem to be the SEL Karoq and the Sportline Kodiac

This scares me:

 

https://www.ebay.co.uk/itm/2016-SKODA-SUPERB-SE-BUSINESS-DIESEL-ESTATE-SAT-NAV-1-OWNER-SERVICE-HISTORY/323807637520?hash=item4b64707010:g:MNUAAOSwmp9c1pSE

 

and this 

 

https://www.ebay.co.uk/itm/SKODA-SUPERB-2-0-SE-BUSINESS-TDI-5D-148-BHP-DIESEL-2016-16/283459273019?hash=item41ff7d413b:g:pGUAAOSwyJFcsSak

 

Albeit higher miles.

 

That must be circa 40% of RRP now.

 

Would make £15,000 for a two year old car now look very expensive.

 

 

 

Edited 1 June, 20197 yr by Flatjack

Despite similar £2,500 deposits on say a Karoq SEL and Kodiaq Vrs the massive difference on PCH monthly payments reflect heavy depreciation of about £15,000 over 2 years on the Kodiaq while the Karoq will only lose £12,500 over 4 years.

Those eBay examples have done almost 30k miles per year, which is pretty high. How does your car compare?

 

I’d start by saying “what would an equivalent 4 year old car with similar yearly mileage to mine cost now?” That will give you a rough idea of your value in another 2 years. Then compare that against the loan - would it be more or less than the outstanding balance?

 

Not a perfect science but it will give you an idea if you’re likely to be short or not. 

 

Another question is: for the same monthly payment, would you prefer a brand new car you liked less, or a nearly new car you really like? If the monthly payment is similar then I know which I’d probably choose. 

Around 20k miles so yes that is a difference, however for someone who doesn't do huge miles cars around 50k and same age will quickly become very good buys.

 

I am unsure on the Karoq which is perhaps unfair as I am comparing it to a Superb and perhaps that is not a fair comparison.

 

Its probably that I would need to spend a lot more monthly on a PCH to get the level of comfort and speed my Superb provides.

 

The Karoq is a perfectly good car although not sure the grey bumpers on the SEL spec and below work, same goes for the Kodiac. May work better in darker colours but I like Moon White, I think that works well on the Superb.

 

But would I want to sink £7500 into a Karoq for two years and get nothing at the end when I can probably get a 2.5 year old Superb with 50k on the clock for around £11k come the Autumn.

 

In two years time the Karoq will have zero value to me but the Superb probably has a value around £5000 and will have cost me £6000 in depreciation.

 

And at four years old it still has plenty of life in it.

 

Tough call as the 'luxury' of a new car is then a £1500 difference in real terms, the ageing Superb might have some hidden fault and out of warranty that £1500 saving would be quickly eaten up.

 

 

 

Edited 1 June, 20197 yr by Flatjack

Residuals on 2 year old cars have been knocked due to volumes increasing, it has burnt a hole in the pockets of the finance companies so won’t see those cheap rates of 2-3 years ago now.

 

If you like it, buy it.

 

Once you have paid for it, no more depreciation or rentals to worry about.  Will have some maintenance and replacement costs instead.   Then doesn’t really matter if you keep it 2 more years to 4 years old, or 10 years old.  Let’s split it for this debate, 7 years old.  What PCH rentals will you pay for extra 5 years to 7 years old, probably something like 2 deposits of £2k and 58 months of £300 = £21,400

 

How does that £21,400 compare to price you might pay now for 2 year old car ?

 

I acknowledge the lack of Superb deals but there are deals out for the Karoq and even Kodiac at similar attractive rates (in real terms). Some Volvo deals look reasonable too but still prefer the Superb looks and all round package.

 

And I take the 7 year old point but do I want to keep the car 7 years, particularly  a diesel outside warranty???

 

On the flip side to that and using your example I would need to pay around £23k over seven years for the ‘luxury’ of a new car every two years and know that my car is never more than two years old during that time.

 

At my stage of life do I want the hassle of an ageing car, once locked into buying it at £15k I know that in reality if I changed my mind I would loose £2-3k immediately if I then had to sell in first year. I think this is a risk as I would be probably always looking at the new deals and wondering whether I made the right call.

 

Your argument has really help me, thank you, and I think has made me conclude that this is definitely about the lack of a Superb option as the replacement car option.

 

I need to find one and pay a bit more or find a Karoq model that is equivalent.

Edited 2 June, 20197 yr by Flatjack

Just to add a bit more confusion into the mix....

 

while we were here waiting for our Superb estate in March (delivery was delayed for some unknown reason) our dealer (Simpson’s of Colne) loaned us a Kodiaq 190 Diesel for a few weeks.

 

I was extremely impressed with the car, and thought at the time that if the Superb is as nice as the Kodiaq I’d be very happy. To put how impressed I was with the Kodiaq into perspective, the car I was exchanging was a First Edition Velar 300 bhp Diesel - the Kodiaq was IMHO as good in all key areas, yet cost less than half the price. Plus it was nice to get into a car where everything worked, first time, every time!

 

if I was in the market now, and the Superb wasn’t available, I’d go straight for the Kodiaq . Would of course take care to make sure options etc kept it under the stupid £40k “luxury car tax” bracket. Personally though I do prefer the Superb estate that we got (150 bhp L&K).

 

Out of interest, they also loaned us a Kodiaq VRS for part of the time. I really loathed that car, harsh, stupid enhanced engine noise, and pitch black inside. But guess at nearly 60 I’m not the target market for it!

I extended my personal lease deal in April and the monthly charge went down by £60 so it is now half of what a new lease starting in April would have cost me.  Considering buying it in a year if the deals don't improve.