VW Dealer PCP Finance - Pay off early but keep free service?
Discussion
tom6195 said:
So guys what I'm hearing is I'm on the verge of getting royally shafted by these guys.
I will call them tomorrow angling for a new deal. I need you guys to tell me exactly what I should be angling for and how to use my leverage as the buyer
Where's the £1000 contribution? I will call them tomorrow angling for a new deal. I need you guys to tell me exactly what I should be angling for and how to use my leverage as the buyer
Is that £21K headline price supposed to be after that (and other discounts)?
What was the car up for in the first place?
How does the P/X on your BMW look - is that decent?
I don't think you're being especially shafted - I think it probably looks bad as used Tiguans look (in my opinion as I've said several times) somewhat over-priced. But yours does stack up against the (few) others on offer.
Sheepshanks said:
Where's the £1000 contribution?
Is that £21K headline price supposed to be after that (and other discounts)?
What was the car up for in the first place?
How does the P/X on your BMW look - is that decent?
I don't think you're being especially shafted - I think it probably looks bad as used Tiguans look (in my opinion as I've said several times) somewhat over-priced. But yours does stack up against the (few) others on offer.
I may have misunderstood that, its a £500 contribution I think, with me matching it but he said I'll get my £500 back and the dealer will pay it making £1000 in total. Will clarify this.Is that £21K headline price supposed to be after that (and other discounts)?
What was the car up for in the first place?
How does the P/X on your BMW look - is that decent?
I don't think you're being especially shafted - I think it probably looks bad as used Tiguans look (in my opinion as I've said several times) somewhat over-priced. But yours does stack up against the (few) others on offer.
The p/x for my bmw is £8500, I think it's fair since it's a 2010 saloon on 85k. The tiguan is up for £21k, and it should be £21198 with the road fund license and admin fee (says £21298 but as mentioned they've miscalculated which I will chase them up on).
If you've got the cash, just call them tomorrow and say you don't want the finance, you don't want the warranty and you don't want the diamondbrite and you'll be paying cash on collection.
Doesn't look to me on there anywhere that you're getting any kind of finance contribution, and he's been sneaky about the paint protection and warranty. It's fine to do it that way, but you'd have at least expected him to explain it properly and work out his figures correctly!
Doesn't look to me on there anywhere that you're getting any kind of finance contribution, and he's been sneaky about the paint protection and warranty. It's fine to do it that way, but you'd have at least expected him to explain it properly and work out his figures correctly!
Apologies as haven't read the whole thread and this may have been mentioned...but have you looked at leasing? Tiguan Match editions are being leased at very low prices at the moment to shift stock before the new Tiguan is launched in spring.
As to these dealer products like diamond brite and alloy wheel insurance a Merc salesman recently made out that he was obliged by law (specifically the FSC) to tell me about these products and try and sell them to me. I didn't embarrass him by calling him on it at the time, but I was shocked at how people are treated like idiots by some salesmen.
As to these dealer products like diamond brite and alloy wheel insurance a Merc salesman recently made out that he was obliged by law (specifically the FSC) to tell me about these products and try and sell them to me. I didn't embarrass him by calling him on it at the time, but I was shocked at how people are treated like idiots by some salesmen.
tom6195 said:
The tiguan is up for £21k, and it should be £21198 with the road fund license and admin fee (says £21298 but as mentioned they've miscalculated which I will chase them up on).
I guess you have to draw the line somewhere, but DriveTheDeal have the same model, with leather, brand new for £4.5K more.Actus Reus said:
As to these dealer products like diamond brite and alloy wheel insurance a Merc salesman recently made out that he was obliged by law (specifically the FSC) to tell me about these products and try and sell them to me. I didn't embarrass him by calling him on it at the time, but I was shocked at how people are treated like idiots by some salesmen.
I assume you mean the FCA? You wouldnt of embarassed him as it means he was doing the job properly. You would have also signed whats known as a "Demands & Needs" which says that the benefit and cost of the insurance products have been discussed with you. Although diamondbrite is not an FCA regulated product not offering it to a customer will usually be followed by a kicking from the boss.Actus Reus said:
Apologies as haven't read the whole thread and this may have been mentioned...but have you looked at leasing? Tiguan Match editions are being leased at very low prices at the moment to shift stock before the new Tiguan is launched in spring.
As to these dealer products like diamond brite and alloy wheel insurance a Merc salesman recently made out that he was obliged by law (specifically the FSC) to tell me about these products and try and sell them to me. I didn't embarrass him by calling him on it at the time, but I was shocked at how people are treated like idiots by some salesmen.
The diamondbrite etc is not regulated but GAP insurance is, so he should have explained whether they sell on advised or non advised basis, supplied you with a demands and needs document and got you to sign to say if you're having it or not.As to these dealer products like diamond brite and alloy wheel insurance a Merc salesman recently made out that he was obliged by law (specifically the FSC) to tell me about these products and try and sell them to me. I didn't embarrass him by calling him on it at the time, but I was shocked at how people are treated like idiots by some salesmen.
I'm hoping that my next car will be a lease deal. This tiguan is for my old man primarily but we're using the BMW as the p/x as it's worth more than his car (mitsubishi colt). I also start a new job in Notts from March and therefore won't be using the car and will be getting the train instead.
The way I'm looking at this is:-
Cost of car all in (with or w/o upsold extras) = £21198
Finance to be taken = £14398
Discount for p/x = £6800
Cashback remainder of p/x = £2200 (to be paid via BACS)
Total discount = £9000
Therefore my total contribution = £12198
Taking off the cost of the 2 free services let's say approx £500 this makes my actual contribution £11698.
How does that look?
The way I'm looking at this is:-
Cost of car all in (with or w/o upsold extras) = £21198
Finance to be taken = £14398
Discount for p/x = £6800
Cashback remainder of p/x = £2200 (to be paid via BACS)
Total discount = £9000
Therefore my total contribution = £12198
Taking off the cost of the 2 free services let's say approx £500 this makes my actual contribution £11698.
How does that look?
Edited by tom6195 on Monday 8th February 11:11
tom6195 said:
Can't see this for £25.5k mate can you point it out to me ta.
You'll have to put the details into DtD yourself but it comes out as below:VOLKSWAGEN TIGUAN DIESEL ESTATE 2.0 TDi BlueMotion Tech R Line Edition 184 5dr DSG - £25,667.35
I used Car-Wow for the new one we recently bought and didn't get quite as low as the DtD price but I was able to use a local dealer and got a car in 2 weeks - DtD wanted me to wait the full lead-time and wouldn't name the dealer. If you are going to think about new, then be aware that, if they haven't stopped already, they must be very close to stopping making the current Tiguan so you'd likely have to find one already in the pipeline.
Sheepshanks said:
You'll have to put the details into DtD yourself but it comes out as below:
VOLKSWAGEN TIGUAN DIESEL ESTATE 2.0 TDi BlueMotion Tech R Line Edition 184 5dr DSG - £25,667.35
I used Car-Wow for the new one we recently bought and didn't get quite as low as the DtD price but I was able to use a local dealer and got a car in 2 weeks - DtD wanted me to wait the full lead-time and wouldn't name the dealer. If you are going to think about new, then be aware that, if they haven't stopped already, they must be very close to stopping making the current Tiguan so you'd likely have to find one already in the pipeline.
Coming up as £35260 for me when I include the extras?VOLKSWAGEN TIGUAN DIESEL ESTATE 2.0 TDi BlueMotion Tech R Line Edition 184 5dr DSG - £25,667.35
I used Car-Wow for the new one we recently bought and didn't get quite as low as the DtD price but I was able to use a local dealer and got a car in 2 weeks - DtD wanted me to wait the full lead-time and wouldn't name the dealer. If you are going to think about new, then be aware that, if they haven't stopped already, they must be very close to stopping making the current Tiguan so you'd likely have to find one already in the pipeline.
Oh wait I clicked through and it came up £28573. Now you've given me something to think about lol.
Would any of these drivethedeal deals allow for px?
tom6195 said:
Coming up as £35260 for me when I include the extras?
Oh wait I clicked through and it came up £28573. Now you've given me something to think about lol.
Would any of these drivethedeal deals allow for px?
What extras are you including to add £3K? R_Line has leather as standard now (IIRC the DTD page does has it correctly).Oh wait I clicked through and it came up £28573. Now you've given me something to think about lol.
Would any of these drivethedeal deals allow for px?
You'd have to negotiate the P/X with the dealer. Try Car-Wow - they connect you with dealers so you're quickly dealing with a real person.
Bear in mind you've paid a deposit on the you deal already, so it may be tough, or at least a lot of hassle, to get out of that. Be interesting in the same dealer bids through Car-Wow!
Sheepshanks said:
What extras are you including to add £3K? R_Line has leather as standard now (IIRC the DTD page does has it correctly).
You'd have to negotiate the P/X with the dealer. Try Car-Wow - they connect you with dealers so you're quickly dealing with a real person.
Bear in mind you've paid a deposit on the you deal already, so it may be tough, or at least a lot of hassle, to get out of that. Be interesting in the same dealer bids through Car-Wow!
Ha yes that would be interesting!You'd have to negotiate the P/X with the dealer. Try Car-Wow - they connect you with dealers so you're quickly dealing with a real person.
Bear in mind you've paid a deposit on the you deal already, so it may be tough, or at least a lot of hassle, to get out of that. Be interesting in the same dealer bids through Car-Wow!
It looks I'll DTD don't do PX:
Q: Can I part exchange my car?
A: No, unfortunately our dealers do not offer part exchange as part of the transaction.
So that rules that out - however when I buy my next car I will defo use DTD myself.
Back to my dilemma and the original question, if all goes well with the purchase of this car on pcp, am I okay to pay the outstanding balance ASAP without it affecting my credit rating?
tom6195 said:
Ha yes that would be interesting!
It looks I'll DTD don't do PX:
Q: Can I part exchange my car?
A: No, unfortunately our dealers do not offer part exchange as part of the transaction.
So that rules that out - however when I buy my next car I will defo use DTD myself.
Back to my dilemma and the original question, if all goes well with the purchase of this car on pcp, am I okay to pay the outstanding balance ASAP without it affecting my credit rating?
What does the paperwork say?It looks I'll DTD don't do PX:
Q: Can I part exchange my car?
A: No, unfortunately our dealers do not offer part exchange as part of the transaction.
So that rules that out - however when I buy my next car I will defo use DTD myself.
Back to my dilemma and the original question, if all goes well with the purchase of this car on pcp, am I okay to pay the outstanding balance ASAP without it affecting my credit rating?
Have you looked at hire purchasing it and just getting as larger deposit as you can for your car?
My Mrs is looking at changing her Polo for a newer/facelift one so we went in this weekend to try and do a deal. We got the exact same speil from the dealer, trying hard to push a PCP deal on us and brushing past/sneaking in things like wheel and paint protection and gap insurance which added almost £1000 to the deal over the term etc.
He offered us £3,500 for her car (£4,150 offered at Webuyanycar) and a brand new polo over 4 years at £230pm. So £14540 over 48 months years for a standard polo!
Instead we're now looking at a 6 month old Polo with just under 2,000 miles for £9950 with £4150 down (if sold to WBAY) and £5800 borrowed over 48 months, comes in at 139.57 per month (9.4% APR) with no final payment and no mileage limitations.
Anyway, my point being that really shop around hard and look at all the options available from a bank loan, HP, leasing, PCP, bought outright etc etc as you might be surprised (as we were) at what the best option to suit your needs might be. And most importantly, don't listen to the salesman!
My Mrs is looking at changing her Polo for a newer/facelift one so we went in this weekend to try and do a deal. We got the exact same speil from the dealer, trying hard to push a PCP deal on us and brushing past/sneaking in things like wheel and paint protection and gap insurance which added almost £1000 to the deal over the term etc.
He offered us £3,500 for her car (£4,150 offered at Webuyanycar) and a brand new polo over 4 years at £230pm. So £14540 over 48 months years for a standard polo!
Instead we're now looking at a 6 month old Polo with just under 2,000 miles for £9950 with £4150 down (if sold to WBAY) and £5800 borrowed over 48 months, comes in at 139.57 per month (9.4% APR) with no final payment and no mileage limitations.
Anyway, my point being that really shop around hard and look at all the options available from a bank loan, HP, leasing, PCP, bought outright etc etc as you might be surprised (as we were) at what the best option to suit your needs might be. And most importantly, don't listen to the salesman!
Vocht said:
Have you looked at hire purchasing it and just getting as larger deposit as you can for your car?
My Mrs is looking at changing her Polo for a newer/facelift one so we went in this weekend to try and do a deal. We got the exact same speil from the dealer, trying hard to push a PCP deal on us and brushing past/sneaking in things like wheel and paint protection and gap insurance which added almost £1000 to the deal over the term etc.
He offered us £3,500 for her car (£4,150 offered at Webuyanycar) and a brand new polo over 4 years at £230pm. So £14540 over 48 months years for a standard polo!
Instead we're now looking at a 6 month old Polo with just under 2,000 miles for £9950 with £4150 down (if sold to WBAY) and £5800 borrowed over 48 months, comes in at 139.57 per month (9.4% APR) with no final payment and no mileage limitations.
Anyway, my point being that really shop around hard and look at all the options available from a bank loan, HP, leasing, PCP, bought outright etc etc as you might be surprised (as we were) at what the best option to suit your needs might be. And most importantly, don't listen to the salesman!
Hire purchase you say?My Mrs is looking at changing her Polo for a newer/facelift one so we went in this weekend to try and do a deal. We got the exact same speil from the dealer, trying hard to push a PCP deal on us and brushing past/sneaking in things like wheel and paint protection and gap insurance which added almost £1000 to the deal over the term etc.
He offered us £3,500 for her car (£4,150 offered at Webuyanycar) and a brand new polo over 4 years at £230pm. So £14540 over 48 months years for a standard polo!
Instead we're now looking at a 6 month old Polo with just under 2,000 miles for £9950 with £4150 down (if sold to WBAY) and £5800 borrowed over 48 months, comes in at 139.57 per month (9.4% APR) with no final payment and no mileage limitations.
Anyway, my point being that really shop around hard and look at all the options available from a bank loan, HP, leasing, PCP, bought outright etc etc as you might be surprised (as we were) at what the best option to suit your needs might be. And most importantly, don't listen to the salesman!
Can I ask the dealer about this? FWIW webuyanycar quote £8k for the beamer but from my current working I'm getting £9000 for it on this deal.
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