All those bargain end of Lease Golf R's ?

[DottyMR2]

daemon said:

J4CKO said:

Where are they ?

had a quick nosey last night and most are 20k plus even for a leggy 2013, most seem to be 25k for anything more recent and arent they available from a broker for 28 ish new ? anything less than 20 seems to be Cat D or some other dodgyness. Was hoping there would be a good number dipping into the mid high teens by now.

Am I missing something ? but to me, looks like the predicted droves of Cheap Golf R's arent happening as predicted, or is it still too early, or my expectations on price a bit unrealistic ?

Wonder if, despite the numbers leased the R will follow the pattern of previous fast Golf's/VAG stuff, 6'rs are still expensive, R32s also ?

On what reasoning were you expecting them to be cheap?

Did you expect them to be less than equivalent GTIs?

As they come back off lease, they'll be sold at trade auctions, and resold on dealer forecourts at market value.

I think using the thoughts of supply/demand. I see a lot of Golf Rs kicking about, far more than any R varient in the past and from my anecdotal research, more than the GTi. I think I could count how many new GTis I've seen out in the wild on my fingers and toes. I see multiple Rs a day just on my hour round trip to work by bus. No idea what the actual overall sales figures are but the R seems to have been a roaring success for VW.

With more examples around of the same age/spec/mileage (mileage limits of lease deals) it could be expected that values would drop a bit more steeply as the supply is higher. Either the demand is also there for £25k 3 year old Rs or the stock isn't moving and it's sitting there for a while.

I don't know sales figures on the second hand cars and if they're sat there for months or flying out the showroom but I had the same thought as J4CKO when the R came out with those crazy lease deals, I expected it to become a second hand performance bargain relatively speaking as those early lease cars started to hit the market again.

[nickfrog]

spookly said:

I'm not paying £300p.m either, mine was £215 a month (10k miles, £1500 up front) then add on £25 a month for paint option.

Sounds closer to £302.50 per month indeed, as it's presumably over 24 months.

[rog007]

J4CKO said:

We have our share, but generally the traffic means you cant hammer your car from cold anyway.

I must admit, I dont give it 30 miles and check the oil temp like some on here do before giving it full throttle, just a reasonable bit of sympathy and havent had any issues, at least wait until the coolant is half way so the oil has got round, i have actively over a period of months tried to kill a car and it just came back for more, that was a Metro GTI that I hated with a passion that needed to die, it was revved from freezing, bounced off the rev limiter, buzzed to 7500 rpm, I did burn outs and hammered it senseless, seemed to just get faster, I think I ran it in properly.

Did the same with an ageing Citroen C1 we have in the family. Tried really really hard and just like yours, got faster!

It's now back to normal duties as if nothing had happened.

[theboss]

I signed up for one 2 years ago but had to wait until mid June last year for it to be delivered... assuming many others did too i expect it will be early to mid next year when supply really starts to increase.

I expect specced cars will hold their value well - it will be the vast numbers of bog standard red/white ones flooding the market which might become the bargains.

[J4CKO]

daemon said:

J4CKO said:

Where are they ?

had a quick nosey last night and most are 20k plus even for a leggy 2013, most seem to be 25k for anything more recent and arent they available from a broker for 28 ish new ? anything less than 20 seems to be Cat D or some other dodgyness. Was hoping there would be a good number dipping into the mid high teens by now.

Am I missing something ? but to me, looks like the predicted droves of Cheap Golf R's arent happening as predicted, or is it still too early, or my expectations on price a bit unrealistic ?

Wonder if, despite the numbers leased the R will follow the pattern of previous fast Golf's/VAG stuff, 6'rs are still expensive, R32s also ?

On what reasoning were you expecting them to be cheap?

Did you expect them to be less than equivalent GTIs?

As they come back off lease, they'll be sold at trade auctions, and resold on dealer forecourts at market value.

Yeah, I agree, not sure what I was expecting but preferably more than three grand cheaper than a new one from a broker, like Johnno02 mentioned its probably a bit early as a lot of the deal wont have ended yet, I have said in the past that the glut of unwanted ones on the used market wont happen, they are still desirable was just hoping they had dropped into the high teens but that is a little while off yet, the old 260 bhp S3 and MK6 R are still occupying that price range it seems.

I think as has been said that the GTI is a rare sight due to the R, still a decent car in its own right but the R steals its thunder, especially when you can get 80 bhp and 4wd for no more money on a lease, it makes the GTI seem a bit underendowed and expensive rather than the R being overkill.

[spookly]

NickCQ said:

spookly said:

£25 a month for paint

Jesus wept. Could you really not think of anything better to spend your hard-earned on?

Of course I could.
But unfortunately all of the dealer allocated white and red ones (no charge colours) were gone. Even with the £25 extra for paint it was still a good deal. Nice colour too.

And considering my car allowance after tax is about £350 a month, that covers the car, insurance, and the first £60 of personal fuel each month... and I claim all my business miles.

[spookly]

nickfrog said:

spookly said:

I'm not paying £300p.m either, mine was £215 a month (10k miles, £1500 up front) then add on £25 a month for paint option.

Sounds closer to £302.50 per month indeed, as it's presumably over 24 months.

Yes, if you add in the initial payment.

Chump change still. £7k for 2 years in a brand new 300bhp estate. More than covered by my car allowance from work.

Meh, I've had 10 year old cars that have cost most of that in repairs and maintenance, but admittedly the worst was a Range Rover.

[va1o]

Quite a few Golf Rs listed on BCA at the moment all with VWFS as the vendor, so these are presumably all ex-lease. Notably more than the S3 and M135i. I expect by next year you'll easily be able to pick them up for sub-£20k.

nickfrog said:

I think the answer is the manufacturers have more control over residuals by careful yield management and on a larger proportion of the second hand market than even before - they will release ex-lease ex-pcp cars into the market in a controlled manner even if they have to park a few hundreds on a disused airfield for a few months to balance supply/demand.

Agreed, seem to remember similar happened back when BMW supplied all the 2012 Olympics cars. They seemed to get held back and drip-fed back through various channels over a few months.

[tomvcarter]

Are there any good lease deals on these still?
I'm looking and am also put off by the high used prices currwntly

[tomvcarter]

Are there any good lease deals on these still?
I'm looking and am also put off by the high used prices currwntly

[NickCQ]

spookly said:

Of course I could.
But unfortunately all of the dealer allocated white and red ones (no charge colours) were gone. Even with the £25 extra for paint it was still a good deal. Nice colour too.

And considering my car allowance after tax is about £350 a month, that covers the car, insurance, and the first £60 of personal fuel each month... and I claim all my business miles.

That's a buggeration. Sounds like you're getting a fairly good deal anyway though.

[Jim AK]

rampageturke said:

ragged to death during lease, clocked when it goes back to the dealer before the first MOT, given a quick shine and sold on as a lower miles, well kept example for more

Really?

What exactly do you base that load of horse st on?

[TheFungle]

MDMA . said:

would you really want an ex lease Golf R?

lad at work has one. ragged from cold everyday. abused no end. he takes the view that it's going back next year!

not for me.

Or.

You could end with my leased car that has been detailed, driven respectfully and will go back in immaculate condition.

Joys of buying second hand, you never know what you the previous owner was like.

[Jim AK]

TheFungle said:

Or.

You could end with my leased car that has been detailed, driven respectfully and will go back in immaculate condition.

Joys of buying second hand, you never know what you the previous owner was like.

Oooh.

Prime candidate for clocking there!

[J4CKO]

Thats a fair point I would imagine, without the mileage coming up on MOTs and mileage allowances it doesnt take a genius to realise that "mileage correction" may occur but depends how easy that is to tamper with nowadays, I know the Golf is good at registering boost going over thresholds so does it record the mileage being messes with, is it possible.

The flies of a thousand camels to those who do it though.



Edit, looks like its rife,

https://www.youtube.com/watch?v=_rC51SgFWrA

Obviously there are legitimate reasons for mileage correction but that is probably like 0.1 percent of the market.

Edited by J4CKO on Monday 17th October 20:05

[aka_kerrly]

J4CKO said:

Thats a fair point I would imagine, without the mileage coming up on MOTs and mileage allowances it doesnt take a genius to realise that "mileage correction" may occur but depends how easy that is to tamper with nowadays, I know the Golf is good at registering boost going over thresholds so does it record the mileage being messes with, is it possible.

The flies of a thousand camels to those who do it though.

I'd also be more concerned about the probability of clocking on ex lease cars than caring if they have been driven hard. I'd have thought the finance company would insist on an annual declaration of the mileage otherwise everyone would opt for 5,000 per annum.

That said I believe that VWs store the mileage in the ECU as well as in the clock display and there is a audit trail on the ECU if changes have been made.

[lewisf182]

aka_kerrly said:

J4CKO said:

Thats a fair point I would imagine, without the mileage coming up on MOTs and mileage allowances it doesnt take a genius to realise that "mileage correction" may occur but depends how easy that is to tamper with nowadays, I know the Golf is good at registering boost going over thresholds so does it record the mileage being messes with, is it possible.

The flies of a thousand camels to those who do it though.

I'd also be more concerned about the probability of clocking on ex lease cars than caring if they have been driven hard. I'd have thought the finance company would insist on an annual declaration of the mileage otherwise everyone would opt for 5,000 per annum.

That said I believe that VWs store the mileage in the ECU as well as in the clock display and there is a audit trail on the ECU if changes have been made.

How would us as private buyers know that though? Or should/do the lease company check these sorts of things? I suspect not if they're just going to be chucked into auction! 5k miles per anumm and a mileage correction on handing back looks a pretty easy option!

[daemon]

lewisf182 said:

5k miles per anumm and a mileage correction on handing back looks a pretty easy option!

Is it though?

Surely the car is due a service every year, so you'd need to clock it 3 times, and also any time it was in for any repairs under warranty you'd need to clock it then too.

[Sheepshanks]

daemon said:

Because the used market tend to be fairly blind to what new cars can be PCP'd / leased for, and in fact, probably doesnt care.

That's a what a VW dealer salesman told me last year when buying a Tiguan.

We needed it quickly so I initially thought I'd buy a stock car nearly new. Inchcape had over 100 of them but it quickly became apparent that very recent ones (same spec at new) were anything up to £3K more than discounted new. You had to go back over 12mth before they were cheaper, and they had the previous engine and no sat-nav.

And it's not like you could negotiate a lower price - tried two branches and got stone-walled.

I find it hard to believe but the salesman said people just don't make the comparison - they come in thinking they want used and that's what they focus on. I guess in most dealers it's a different sales team so it's not in their interest to swap people around.

[J4CKO]

Sheepshanks said:

daemon said:

Because the used market tend to be fairly blind to what new cars can be PCP'd / leased for, and in fact, probably doesnt care.

That's a what a VW dealer salesman told me last year when buying a Tiguan.

We needed it quickly so I initially thought I'd buy a stock car nearly new. Inchcape had over 100 of them but it quickly became apparent that very recent ones (same spec at new) were anything up to £3K more than discounted new. You had to go back over 12mth before they were cheaper, and they had the previous engine and no sat-nav.

And it's not like you could negotiate a lower price - tried two branches and got stone-walled.

I find it hard to believe but the salesman said people just don't make the comparison - they come in thinking they want used and that's what they focus on. I guess in most dealers it's a different sales team so it's not in their interest to swap people around.

Seems to be two completely separate markets almost !

I think leasing is more company/user choosers and those wanting maximum car for the monthly, one/two/three yearold used it perhaps the more "Steady Eddie" approach, my wife wouldnt leave but was happy buying a year old/11k Fiesta, was massively cheaper than new.