New Scirroco, is this a good deal?

[Thrash]

Hi guys,
I put down a deposit today for a brand new Scirocco 1.4 BlueMotion from my local main dealer. I managed to push down the price to £240 per month with a deposit of £2,000. This includes non-standard paint, tinted windows, fog lights, standard interior and is over 48 months covering 5,000 miles per year.
I was in the showroom for a good few hours discussing various things and I thought I drove a hard bargain, after doing some research though I realise that at this time of the year, they should be bending over backwards to get me to make the sale so im thinking I probably couldve knocked a bit more of the price? The deposit is refundable and I havent signed anything in terms of finance so I can legally cancel, I do want the Scirocco and went in there with an existing offer from another dealer but over 100 miles away from home and not in the colour I wanted; they offered a deposit of £1500 and £239 a month but it didnt seem like this dealer would match it exactly. Should I have pushed harder?

Thanks in advance

[andrewparker]

Have you investigated lease costs for Sciroccos? It may not appeal but G2L have stock of the 2.0TDI GT model at £260 per month with a £1500 deposit, based on 10000 miles per annum. At least with that you'd get the higher spec'd GT trim level.

[va1o]

It's not really the deposit and monthly cost that matter so much when comparing PCP deals, it's more the actual price your getting the car for and what the interest rate. Look on drive the deal for example to get a discounted price, then deduct your deposit and the GFV then work out the monthly payments on the balance with interest applied.

That GT TDI deal mentioned above sounds good but it's a lease so not technically comparable

[Paul.B]

Are these deals on the NEW model or run-out on the old? Genuinely interested. Cheers

[silentbrown]

va1o said:

Look on drive the deal for example to get a discounted price, then deduct your deposit and the GFV then work out the monthly payments on the balance with interest applied.

Plus interest on the GFV too, surely?

[va1o]

silentbrown said:

Plus interest on the GFV too, surely?

Yes correct

Put the numbers into a site like this - http://www.pcpcal.co.uk/

[silentbrown]

va1o said:

Put the numbers into a site like this - http://www.pcpcal.co.uk/

That one looks broken. It doesn't seem to calculate interest on the GFV (as above!). See contrived example. Borrowing 10K for 10 years with 10K GFV...

Edited by silentbrown on Monday 22 December 11:44

[va1o]

silentbrown said:

That one looks broken. It doesn't seem to calculate interest on the GFV (as above!). See contrived example. Borrowing 10K for 10 years with 10K GFV...

Edited by silentbrown on Monday 22 December 11:44

I'm not seeing your point, that's showing paying back £29,860 over 10 years borrowing £10k at 10% interest so it is applying to GFV

[Thrash]

Most places I look at are offering PCH deals instead of PCP, to be honest im not too bothered about PCH or PCP because chances are I wont be keeping it after the 4th year and will probably renew it in the 3rd year potentially.

[va1o]

Thrash said:

Most places I look at are offering PCH deals instead of PCP, to be honest im not too bothered about PCH or PCP because chances are I wont be keeping it after the 4th year and will probably renew it in the 3rd year potentially.

PCP is a lot more flexible, but if you're happy to commit to having the car for X months doing X,000 miles then PCH (Leasing) will be cheaper

[silentbrown]

T

va1o said:

I'm not seeing your point, that's showing paying back £29,860 over 10 years borrowing £10k at 10% interest so it is applying to GFV

Excuse me while I go and kick myself....

[okie592]

5000 miles in a year?! 15k over 3 years that's nothing and will go very very quickly.


Not a great deal conicdering the scirrocco is based on the mk5 golf and must be due for a total overhaul on the new platform.



https://www.firstvehicleleasing.co.uk/car-leasing/...

Edited by okie592 on Monday 22 December 20:29

[silentbrown]

As an alternative way of doing it...

Brokers like DriveTheDeal are offering around 20% discount on 1.4 Scirocco, so price is around £17K.

Put in 2K deposit, and take out a personal loan for the rest. (eg. the orangey supermarket bank, at 4% APR.) Monthly payments will be higher (£340 over 4 years or £275 over 5), but you'll actually own the car and can use that to fund the next one.