Golf Mk7 - Sweetspot for price, spec, performance?
Discussion
J4CKO said:
I think when looking at the monthly cost, we need to remember to include the deposit, as say you have it on 9 + 23 then you will need to find a two grand deposit to start, say this is your old banger, then in two years you will need to find two grand again as otherwise you will have absolutely nothing, not a penny, and no car. I know all PHers have two grand in their spare codpiece and it is loose change but I am sure a lot of leasers forget this little detail. In reality, you should be putting £100 a month away for the next lease, on top of the monthly cost.
So, in reality that Golf R is nearer £350 a month.
If as you say you pay the first deposit from your banger, then the cost is £204 per month. Set aside £280pcm and in 2 years time you'll have the £1,800 for the next deposit, and so it continues into perpetuity. The total cost is £280pcm, whichever way you split it and is definitely not £350pcm.So, in reality that Golf R is nearer £350 a month.
J4CKO said:
I think when looking at the monthly cost, we need to remember to include the deposit, as say you have it on 9 + 23 then you will need to find a two grand deposit to start, say this is your old banger, then in two years you will need to find two grand again as otherwise you will have absolutely nothing, not a penny, and no car. I know all PHers have two grand in their spare codpiece and it is loose change but I am sure a lot of leasers forget this little detail. In reality, you should be putting £100 a month away for the next lease, on top of the monthly cost.
So, in reality that Golf R is nearer £350 a month.
if you look on the least deals thread, no, no-one forgets the deposit.So, in reality that Golf R is nearer £350 a month.
ORD said:
J4CKO said:
I think when looking at the monthly cost, we need to remember to include the deposit, as say you have it on 9 + 23 then you will need to find a two grand deposit to start, say this is your old banger, then in two years you will need to find two grand again as otherwise you will have absolutely nothing, not a penny, and no car. I know all PHers have two grand in their spare codpiece and it is loose change but I am sure a lot of leasers forget this little detail. In reality, you should be putting £100 a month away for the next lease, on top of the monthly cost.
So, in reality that Golf R is nearer £350 a month.
This is why leasing cars is usually quite a bad idea - it looks people into a cycle of paying for a new car every 2 or 3 years. If you said to someone 'Are you wealthy enough to afford to buy a new car every 2 years?' almost everyone would say no, but a lot of people do something that costs just as much as doing that - the only difference is that they pay for the usage by lease rather than buy purchase (and recouping at resale).So, in reality that Golf R is nearer £350 a month.
k. You can do whatever you want at the end of the term, the only given is that you'll need to find another car. It doesn't have to be new, and it doesn't have to be a lease.I have an R. Get 29 mpg according to the on broad computer over 1500 miles. All B road really.
I am happy. In 2 years time I will worry about my next car.
For now I may as well enjoy the last car decision I made.
By the looks of things there were cheaper deals, but you have to make your decisions for your reasons.
When I was looking the prices were about the same for gtd and gti on leases. In fact I think the gti was the most expensive.
I have had a gtd for the day, and if I was buying cash, that would be my pick over the r. On the lease though equal prices it is the r all the way.
I am happy. In 2 years time I will worry about my next car.
For now I may as well enjoy the last car decision I made.
By the looks of things there were cheaper deals, but you have to make your decisions for your reasons.
When I was looking the prices were about the same for gtd and gti on leases. In fact I think the gti was the most expensive.
I have had a gtd for the day, and if I was buying cash, that would be my pick over the r. On the lease though equal prices it is the r all the way.
Blown2CV said:
sorry to be blunt but does it fk. You can do whatever you want at the end of the term, the only given is that you'll need to find another car. It doesn't have to be new, and it doesn't have to be a lease.
Of course it does not actually lock you in, but it establishes a habit and an expectation. The typical buyer faces a choice between (1) signing up for another lease or (2) buying a much cheaper car. It must be very tempting to just sign up for a similar deal, having been able to afford the current one and got used to a new car (with all the luxury, peace of mind, etc).k. You can do whatever you want at the end of the term, the only given is that you'll need to find another car. It doesn't have to be new, and it doesn't have to be a lease.ORD said:
Blown2CV said:
sorry to be blunt but does it fk. You can do whatever you want at the end of the term, the only given is that you'll need to find another car. It doesn't have to be new, and it doesn't have to be a lease.
Of course it does not actually lock you in, but it establishes a habit and an expectation. The typical buyer faces a choice between (1) signing up for another lease or (2) buying a much cheaper car. It must be very tempting to just sign up for a similar deal, having been able to afford the current one and got used to a new car (with all the luxury, peace of mind, etc).k. You can do whatever you want at the end of the term, the only given is that you'll need to find another car. It doesn't have to be new, and it doesn't have to be a lease.I have found myself parking as far away from everyone lately. If I had owned the car I doubt it would have concerned me as much. I will revert to buying a car outright when my lease expires, unless there is another very good deal on the table.
For me I prefer ownership unless the deal on the table is too cheap to turndown.
ORD said:
Blown2CV said:
sorry to be blunt but does it fk. You can do whatever you want at the end of the term, the only given is that you'll need to find another car. It doesn't have to be new, and it doesn't have to be a lease.
Of course it does not actually lock you in, but it establishes a habit and an expectation. The typical buyer faces a choice between (1) signing up for another lease or (2) buying a much cheaper car. It must be very tempting to just sign up for a similar deal, having been able to afford the current one and got used to a new car (with all the luxury, peace of mind, etc).k. You can do whatever you want at the end of the term, the only given is that you'll need to find another car. It doesn't have to be new, and it doesn't have to be a lease.ked. There is the concept of free will. There is only something wrong with the concept of a lease if you can't afford it. For many people on PH you can only 'afford' something if you can go out and drop cash on it, sign a cheque. Of course that's absolutely horses
t otherwise we'd all be living with our Mums until we were 50+ and could afford to buy a house with cash. However "that's different" apparently. Guy I know had a Touareg on a three year lease (just finished). Instead of getting another lease car he's bought a 1k banger Nissan Primera which he describes as liberating. Downsides to the lease he found were worrying about damage, the mileage allowance plus the total cost of the lease over a few years is a lot of money. Now I know everyone on this thread that is currently leasing will tell me I'm wrong, etc, etc but it's good to hear an opinion from someone who isn't biased.
Blown2CV said:
well personally i am not biased towards leasing, but i am biased towards the cheapest way to own a particular car, whatever that is.
Me too, although not being able to track a car defeats the object. But never mind that, I want to know how to get 4.7% out of my cash, as discussed earlier. Please.
nickfrog said:
But never mind that, I want to know how to get 4.7% out of my cash, as discussed earlier. Please.
nickfrog said:
ORD : sorry to hear about your mortgage. Plenty of us without one do indeed see an after tax yield so low that it doesn't match inflation, hence the erosion that's a fact, smoking or not. Hence the preference not to keep disposable income as cash, at least beyond the ISA allowance. Basic stuff really.
When you're such a financial whiz I'm quite sure you don't need my help.JQ said:
nickfrog said:
But never mind that, I want to know how to get 4.7% out of my cash, as discussed earlier. Please.
nickfrog said:
ORD : sorry to hear about your mortgage. Plenty of us without one do indeed see an after tax yield so low that it doesn't match inflation, hence the erosion that's a fact, smoking or not. Hence the preference not to keep disposable income as cash, at least beyond the ISA allowance. Basic stuff really.
When you're such a financial whiz I'm quite sure you don't need my help.Now, what you are saying is that you don't get 4.7% on £27k cash ?
It was a genuine question, as I have 3-year ISAS maturing (at 3.9%, not too bad...) next month and I am unable to find 4.7% on cash. Would you kindly share ? Or is it a secret ? ;-)
Besides, I am not the only one interested :
contango said:
JQ,
I had a quick search on comparison sites, but no luck...which institution is paying 4.7% gross on balances of £30k+ that are needed to buy a Golf 7 R.
I could do with some of that! Cheers.
I had a quick search on comparison sites, but no luck...which institution is paying 4.7% gross on balances of £30k+ that are needed to buy a Golf 7 R.
I could do with some of that! Cheers.
Edited by nickfrog on Sunday 12th October 21:40
St John Smythe said:
Blown2CV said:
well personally i am not biased towards leasing, but i am biased towards the cheapest way to own a particular car, whatever that is.
But when leasing you don't 'own' anything?St John Smythe said:
Blown2CV said:
well personally i am not biased towards leasing, but i am biased towards the cheapest way to own a particular car, whatever that is.
But when leasing you don't 'own' anything?You could sit for hours conversing over the meaning and validity of 'ownership'. Do you own you home if it's leasehold for 999 years? Do you own a meal? Do you 'own' a dog or are you just the keeper/billpayer?
Ownership really doesn't matter. Whether you can sell it and get back some of the invested capital, or you didn't put capital into in in the first place, it doesn't really matter. It's a certain product for a certain price. Get over it!
St John Smythe said:
Blown2CV said:
well personally i am not biased towards leasing, but i am biased towards the cheapest way to own a particular car, whatever that is.
But when leasing you don't 'own' anything?I own my previous mobile phone, my current one I don't own (yet). Anyone who signs up to Netflix doesn't own their movie 'collection' - at the current point in time they can access it, in a future point in time when the agreement is no longer in effect, they won't be able to access it.
I don't see that the current legal owner of any individual item, whether it be car, phone or snowboard, makes any difference to the use you get out of it.
Blown2CV said:
Again nothing to do with the concept of a lease. Driving a new car may well change your expectation to want a new car next time (mainly because it's quite a nice feeling), but to be honest I've had a couple of cheapo (ish) cars in between new ones that have ended up being more long-term than I originally intended. It sounds like what you're saying is that leases are wrong because they enable you to have a new car if you want it, and once you've had a new thing then you're somehow addicted and are promptly fked. There is the concept of free will.
There is only something wrong with the concept of a lease if you can't afford it. For many people on PH you can only 'afford' something if you can go out and drop cash on it, sign a cheque. Of course that's absolutely horsest otherwise we'd all be living with our Mums until we were 50+ and could afford to buy a house with cash. However "that's different" apparently.
Calm down! I didn't say leases are 'wrong'. I think the car industry loves pay per month deals because, to be frank, the vast majority of people will gladly spend in small pieces what they would never be prepared to pay as a lump sum. ked. There is the concept of free will. There is only something wrong with the concept of a lease if you can't afford it. For many people on PH you can only 'afford' something if you can go out and drop cash on it, sign a cheque. Of course that's absolutely horses
t otherwise we'd all be living with our Mums until we were 50+ and could afford to buy a house with cash. However "that's different" apparently. Free will? We live in a massively paternalistic society, so that concept is largely redundant. See, for example, the Wonga loan write-offs. A man borrows money that he says (untruthfully) that he can afford to repay it with interest; he cannot; the company is forced to let him keep the capital! It is pretty much universally accepted within government that people have no real ability to look after their own financial position and need protection.
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