The Golf R lease thread
Discussion
ayman82 said:
Strange. Mine says 3 weeks, I doubt it will take that long though! Tried to speak to livechat to see if it was on a ship, but they need technical staff, that don't work on weekends...
I had the 'transit' 3 week update on the 13th, this one says something like 'next stage of transit' and 10 days. Sounds like you are just one step behind perhaps, so waiting for a boat?willnewnes said:
Hey guys how you finding a more specific info on where you car is? Ordered an R estate build week was 9/5 and is in transit. (Your car is on the next stage of its journey to the UK. On average it takes 3 weeks for this model to reach your local Volkswagen Retailer.)
Planing on taking it to Le Mans on the 15th July.
Any chance of getting it in time?
It may arrive, but either way you will also need your V103, which can take up to 14 days to arrive. No idea if they will take an application before you have the car...Planing on taking it to Le Mans on the 15th July.
Any chance of getting it in time?
https://www.vwfinance.co.uk/content/sites/vwbank/v...
pisjo said:
So is anyone hoping they can buy their car from the auction house at the end of term? I was told it often happens....
If they are prepared to tell you where it is going to auction then it's worth a go. Will probably be good value too. I think all you guys going the leasing route are making the right move as VW is saturating the market this way with many of it's cars at the moment to try and hide the real volume decline which the emissions debacle is having on the company. Just think what residuals will be like when all these lease cars hit the market in the future - I would certainly not like to be an owner.ITR1 said:
I had the 'transit' 3 week update on the 13th, this one says something like 'next stage of transit' and 10 days. Sounds like you are just one step behind perhaps, so waiting for a boat?
It would seem that way, I've spoken to live chat and I had this reply:"Your vehicle is currently at the Port of Emden. It arrived there on the 20th of May. It can stay there for
up to 15 working days from that date before it goes on a ship."
Presumably it will ship in the next few days, otherwise it's going to be a quick 6 days.
ayman82 said:
It would seem that way, I've spoken to live chat and I had this reply:
"Your vehicle is currently at the Port of Emden. It arrived there on the 20th of May. It can stay there for
up to 15 working days from that date before it goes on a ship."
Presumably it will ship in the next few days, otherwise it's going to be a quick 6 days.
I got that from live chat too and the next morning I got the '10 day warning' meaning that it was on a boat making the crossing."Your vehicle is currently at the Port of Emden. It arrived there on the 20th of May. It can stay there for
up to 15 working days from that date before it goes on a ship."
Presumably it will ship in the next few days, otherwise it's going to be a quick 6 days.
Obviously the live chat folks don't get to see if/when it is allocated to a crossing? Mine must have been loading onto the boat whilst they were talking to me.
EC2 said:
If they are prepared to tell you where it is going to auction then it's worth a go. Will probably be good value too. I think all you guys going the leasing route are making the right move as VW is saturating the market this way with many of it's cars at the moment to try and hide the real volume decline which the emissions debacle is having on the company. Just think what residuals will be like when all these lease cars hit the market in the future - I would certainly not like to be an owner.
I can't remember who it was (either the leasing agent I went with or a main dealer), but they said BCA would prefer to sell the car directly to the leaser/leasee (?) to avoid all the hassle of admin and transportation costs. This kind of makes sense, however they also stated "It saves them thousands". This makes me question the validity of the claim as I can't see it costing that much to transport a car and run it through an auction, especially as auction fees are covered by the auction buyer!Would be interested to hear from anyone who has actually experienced this. Maybe' i'll ask up in general gassing.
I spent the last 18 months convinced I was going to buy my existing lease car only for this offer to come up and completely change my mind. However much I may like the R I'll probably want to try something different at the end of the lease, very few people actually buy their lease cars apparently...
I did however do some research and managed to find out the following.
The Residual Value (RV) of current car is £15k + VAT (with Leaseplan)
Leaseplan's offer to buy the car is £19200 (inc VAT). WBAC is around £16k
That means they're after somewhere in the region of £1000 net profit over their own residual value to make the sale - i.e. £16k + VAT = £19.2k.
Seems a bit high when they're unlikely to obtain that kind of profit through normal auction disposal (especially after costs etc) but does come with some (limited) buyer's protection vs. sold as seen via auction house. I've leased vehicles for years and the £1000 profit has been fairly consistant on all my old lease cars.
Now, if you use our deals as an example, after discount the VWFS balance to finance is around £24k +/- £500. I work in finance and using a model based on an APR of around 5% I reckon VWFS have set the RV on this car at around £20k (inc VAT), so if they're looking to make the normal £1k profit on disposal, expect buy prices in 24 months (direct from VWFS) being quoted at around £21k......
Of course the used market for VW's in 24 months is anyone's guess, but I'm certainly not banking on getting a bargin in 2 years time, a £21k loan over 5 years will be at least £380/mth.
Part of the reason this deal was so appealing on contract hire was the huge list price discount with no effect on residual value, we're in a false reality for 2 years - enjoy!
I did however do some research and managed to find out the following.
The Residual Value (RV) of current car is £15k + VAT (with Leaseplan)
Leaseplan's offer to buy the car is £19200 (inc VAT). WBAC is around £16k
That means they're after somewhere in the region of £1000 net profit over their own residual value to make the sale - i.e. £16k + VAT = £19.2k.
Seems a bit high when they're unlikely to obtain that kind of profit through normal auction disposal (especially after costs etc) but does come with some (limited) buyer's protection vs. sold as seen via auction house. I've leased vehicles for years and the £1000 profit has been fairly consistant on all my old lease cars.
Now, if you use our deals as an example, after discount the VWFS balance to finance is around £24k +/- £500. I work in finance and using a model based on an APR of around 5% I reckon VWFS have set the RV on this car at around £20k (inc VAT), so if they're looking to make the normal £1k profit on disposal, expect buy prices in 24 months (direct from VWFS) being quoted at around £21k......
Of course the used market for VW's in 24 months is anyone's guess, but I'm certainly not banking on getting a bargin in 2 years time, a £21k loan over 5 years will be at least £380/mth.
Part of the reason this deal was so appealing on contract hire was the huge list price discount with no effect on residual value, we're in a false reality for 2 years - enjoy!
Inky81 said:
Vaud said:
One factor you have missed - the value of driving a used car when you know exactly how it has been driven for the previous 2 years... 
Yes, exactly why I won't want to purchase it! 
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