VW Dealer PCP Finance - Pay off early but keep free service?

[Sheepshanks]

gizlaroc said:

So a 3 year old car which has done 12k miles a year vs a new one costing....

Who's that from?

Doesn't say it's 184PS (replaced the 177PS) or DSG - DtD is cheaper even including those.

ETA - adding back the discount gives £32,050 so it must be the 184 DSG model. DtD are a bit cheaper though.

Edited by Sheepshanks on Tuesday 9th February 18:48

[gizlaroc]

coast2castcars.co.uk

I don't know if it is cheaper or not, I only looked there. But I think I would want the car to be around 50-55% of list at 3 years and 36k miles.

I would rather get something with a bit more mileage and save myself £5k.


http://www.autotrader.co.uk/classified/advert/2016...

[CYMR0]

OK... Leasing

You can get a brand new, Match Edition (so lower spec) 150 bhp (so slower, and manual) for £170 per month + £1529 down.

That is £5,439 to rent a car for two years, effectively.

That sounds expensive(ish) but wewananycar.com values your car at £15,397.

In other words, just driving it off the forecourt, before you pay any depreciation, will cost you the same as two years' lease. In this case, if a car dealer talks about a PCP being more flexible than the lease, he's kind of right in that it's easier to unravel, but only by effectively paying the cost of the lease to get out of the PCP anyway.

If you keep the used car until it dies (or is a shed at least) in eight years or so, it's likely to work out a little cheaper than leasing - but not all that much if these prices continue to be available.

[Deerfoot]

tom6195 said:

I just want to make sure the dealer knows who is in control

So OP, did you establish who is in control?

[funkyrobot]

I'm beginning to wonder if this thread is bullst.

OP, have you bought the car yet?

[rongagin]

So after lots of people helped the OP.

Have you bought the car or got a refund.

I hate it when threads aren't finished by the OP.

[tom6195]

I'm here.

We're collecting tomorrow.

Here's the VW paperwork ahead of the collection. Says nothing about early settlement fees/penalties.

[tom6195]

Guys .. Does that paperwork look like what you've seen before?

Will I incur any fees or penalties for withdrawing from the agreement asap?

Edited by tom6195 on Thursday 11th February 18:46

[RammyMP]

I didn't. I st myself when I rang to ask how much I owed (not a settlement figure) and they told me the total of all the payments I was due to make so it was about £5k more than the settlement figure. I think I just paid the interest for that month.

[gizlaroc]

They can't charge you any more than the interest owed so far on a consumer credit agreement under a certain amount, probably the same £60k as it says for cancelling.

[Brave Fart]

tom6195 said:

Guys .. Does that paperwork look like what you've seen before?

Will I incur any fees or penalties for withdrawing from the agreement asap?

Edited by tom6195 on Thursday 11th February 18:46

Yes mate, exactly the same as mine for my VW......there are no fees or penalties for withdrawal within 14 days (ooerr missus!). I mean, think about it, what would they do, pursue you through the courts? I have had an experienced VW salesman advise me to do early withdrawal, happens all the time - admittedly by a minority who could pay cash but want the deposit contribution, and why not?
Just bear in mind you have 14 days from signing the docs, so don't sign way before collection.

[tom6195]

I just got off the phone with vw finance they reiterated what you guys have said.

I can withdraw from the agreement within 14 days and pay no fees just the daily accrued interest.

If it's after 14 days there's 58 days interest they add on top!

He said you definitely keep the contribution and 2 free services

I forgot to ask how this might affect my credit rating though.

[Butter Face]

It won't affect your credit rating any more than the credit check they have done on you already.

[Charlie Boy]

So how was the first day of VW ownership? Let's see some pictures..