The Golf R lease thread
Discussion
For some they prefer to see it in numbers
So lets say for argument sake a boggo white one is £1400 deposit and £250 a month - so therefore £7150 over a 24 month lease.
Lets say perfect spec is Lapis Blue, sunroof, 19 inch alloys (pretoria) and DCC
Them for options add £990 for pretoria alloys, Lapis Blue £630, DCC £830, Sunroof £995
Your new monthly payment (keep deposit the same £1400) go up to £399.78 a month.
You would be better off buying new. I appreciate its a bit of a extreme case as the deposit would change as well. Hopefully I have the above right.
My ideal Golf R estate would be Lapis blue, Dynaudio, sunroof, possibly 19 inch alloys as well. Maybe keyless? would def add climate windscreen but for a lease - forget it!
So lets say for argument sake a boggo white one is £1400 deposit and £250 a month - so therefore £7150 over a 24 month lease.
Lets say perfect spec is Lapis Blue, sunroof, 19 inch alloys (pretoria) and DCC
Them for options add £990 for pretoria alloys, Lapis Blue £630, DCC £830, Sunroof £995
Your new monthly payment (keep deposit the same £1400) go up to £399.78 a month.
You would be better off buying new. I appreciate its a bit of a extreme case as the deposit would change as well. Hopefully I have the above right.
My ideal Golf R estate would be Lapis blue, Dynaudio, sunroof, possibly 19 inch alloys as well. Maybe keyless? would def add climate windscreen but for a lease - forget it!
TimmyMallett said:
The fact that there are low lease deals signifies good residuals.
You mean the fact that there are low lease deals means the funder probably thinks residuals will be good? They have got it wrong with the mk7 PCPs IIRC and that could be partially down to how many cars coming off leases.TomScrut said:
You mean the fact that there are low lease deals means the funder probably thinks residuals will be good? They have got it wrong with the mk7 PCPs IIRC and that could be partially down to how many cars coming off leases.
Agreed - what BMW / Audi / VW / Merc are trying to do is get as many new sales as possible - yeah great - but its flooded the market and why you see £6k off a 3 series etc - so prices generally go down. At the moment the german brands are doing ok - but as people switch to hiring cars (leasing, PCH etc) instead of buying - this again floods the market - dealers need to sell cars so prices go down. Then leases get more expensive due to the residuals being not so good.This is why I think they are leasing less cars on specials - I believe only 250 r estates were going - before it was more than this and this is why I don't think we will see the dirt cheap lease deals as before.
TomScrut said:
You mean the fact that there are low lease deals means the funder probably thinks residuals will be good? They have got it wrong with the mk7 PCPs IIRC and that could be partially down to how many cars coming off leases.
Yeah, they sort of both won and lost with the lease deals.They 'won' by flogging LOADS of Rs because of cheap lease deals. Almost anyone could afford the monthly asking price.
However, because they put so many of them on the road with the cheap deals, the residuals were hurt and those lease deals must have been very close to unprofitable for them when residuals failed to meet the predicted prices.
I see far more Mk7 Golf Rs around than GTIs (though the GTD reigns supreme in numbers). I suspect this is down to cheap leasing putting large numbers on the road. I believe they did really cheap deals on the GTD as well, which again, 'Dieselgate' must have rendered unprofitable or close to....
Also, it seems that a lot of the PCH cars are being put back out on PCP. A guy at work got a 2 y.o. R on a 3 year PCP deal .. normally he'd never have been able to afford to drive anything like a mk7 R as his previous car was a heavily barried Mk5.
VW have really destroyed the 'Halo' effect of the R thanks to using finance to make them affordable on a month by month basis for 2-3 years but I would guess that they're happy enough with the sales to not worry about that.
Lucas Ayde said:
Yeah, they sort of both won and lost with the lease deals.
They 'won' by flogging LOADS of Rs because of cheap lease deals. Almost anyone could afford the monthly asking price.
However, because they put so many of them on the road with the cheap deals, the residuals were hurt and those lease deals must have been very close to unprofitable for them when residuals failed to meet the predicted prices.
I see far more Mk7 Golf Rs around than GTIs (though the GTD reigns supreme in numbers). I suspect this is down to cheap leasing putting large numbers on the road. I believe they did really cheap deals on the GTD as well, which again, 'Dieselgate' must have rendered unprofitable or close to....
Also, it seems that a lot of the PCH cars are being put back out on PCP. A guy at work got a 2 y.o. R on a 3 year PCP deal .. normally he'd never have been able to afford to drive anything like a mk7 R as his previous car was a heavily barried Mk5.
VW have really destroyed the 'Halo' effect of the R thanks to using finance to make them affordable on a month by month basis for 2-3 years but I would guess that they're happy enough with the sales to not worry about that.
I wonder if you just notice more Rs than GTis, because the latter are SO anonymous?They 'won' by flogging LOADS of Rs because of cheap lease deals. Almost anyone could afford the monthly asking price.
However, because they put so many of them on the road with the cheap deals, the residuals were hurt and those lease deals must have been very close to unprofitable for them when residuals failed to meet the predicted prices.
I see far more Mk7 Golf Rs around than GTIs (though the GTD reigns supreme in numbers). I suspect this is down to cheap leasing putting large numbers on the road. I believe they did really cheap deals on the GTD as well, which again, 'Dieselgate' must have rendered unprofitable or close to....
Also, it seems that a lot of the PCH cars are being put back out on PCP. A guy at work got a 2 y.o. R on a 3 year PCP deal .. normally he'd never have been able to afford to drive anything like a mk7 R as his previous car was a heavily barried Mk5.
VW have really destroyed the 'Halo' effect of the R thanks to using finance to make them affordable on a month by month basis for 2-3 years but I would guess that they're happy enough with the sales to not worry about that.
I've been on the lookout for Rs and, especially, estates on the road since ordering one and while I've seen a few R hatches, I've not spotted a single estate!
I'd agree that GTDs are very common, but I've seen quite a few GTis too, certainly more than Rs.
M
gazza5 said:
For some they prefer to see it in numbers
So lets say for argument sake a boggo white one is £1400 deposit and £250 a month - so therefore £7150 over a 24 month lease.
Lets say perfect spec is Lapis Blue, sunroof, 19 inch alloys (pretoria) and DCC
Them for options add £990 for pretoria alloys, Lapis Blue £630, DCC £830, Sunroof £995
Your new monthly payment (keep deposit the same £1400) go up to £399.78 a month.
You would be better off buying new. I appreciate its a bit of a extreme case as the deposit would change as well. Hopefully I have the above right.
My ideal Golf R estate would be Lapis blue, Dynaudio, sunroof, possibly 19 inch alloys as well. Maybe keyless? would def add climate windscreen but for a lease - forget it!
All those finance deals basically depend on the customer funding the interest payments on the purchase price of the car and then paying back the expected total depreciation over the 2,3,4 years of the deal on a monthly basis. If you add options, they are pricey and add next to nothing to the resale value of the car, hence you end up paying for them over over the duration of the finance deal.So lets say for argument sake a boggo white one is £1400 deposit and £250 a month - so therefore £7150 over a 24 month lease.
Lets say perfect spec is Lapis Blue, sunroof, 19 inch alloys (pretoria) and DCC
Them for options add £990 for pretoria alloys, Lapis Blue £630, DCC £830, Sunroof £995
Your new monthly payment (keep deposit the same £1400) go up to £399.78 a month.
You would be better off buying new. I appreciate its a bit of a extreme case as the deposit would change as well. Hopefully I have the above right.
My ideal Golf R estate would be Lapis blue, Dynaudio, sunroof, possibly 19 inch alloys as well. Maybe keyless? would def add climate windscreen but for a lease - forget it!
The deals are only really possible because interest rates are at rock bottom and have been for the last 6 or 7 years.
Even then, you are still paying interest on the entire cost of the car and fees on top of the depreciation so the only way you can 'win' vs purchasing it yourself is if the people organising the finance screw up and over-estimate the residual value ( I think this probably happened with some of the R and GTD deals), or you're a rubbish negotiator and pay top dollar upon purchase and allow yourself to get lowballed when you sell/trade-in.
I can certainly understand why people would be willing to pay a small premium to avoid the hassle and uncertainty of buying and selling but I don't see why people commit themselves to essentially taking the 'new car depreciation' hit perpetually, which is what you are doing on finance. If you genuinely want to change to a new car every 2 or 3 years it is a reasonable way of doing so but how many people would be buying new every couple of years if they couldn't finance on a monthly basis?
marcosgt said:
I wonder if you just notice more Rs than GTis, because the latter are SO anonymous?
I've been on the lookout for Rs and, especially, estates on the road since ordering one and while I've seen a few R hatches, I've not spotted a single estate!
I'd agree that GTDs are very common, but I've seen quite a few GTis too, certainly more than Rs.
M
I completely agree I've been on the lookout for Rs and, especially, estates on the road since ordering one and while I've seen a few R hatches, I've not spotted a single estate!
I'd agree that GTDs are very common, but I've seen quite a few GTis too, certainly more than Rs.
M
I see a billion GTD's a day and recently quite a few GTI's but hardly any R's .... my commute is only about 7 miles each way as well! The bodykits on the GTD/I's are so similar I can't tell them apart until they're very close on approach (obviously different from the rear).
marcosgt said:
I wonder if you just notice more Rs than GTis, because the latter are SO anonymous?
I've been on the lookout for Rs and, especially, estates on the road since ordering one and while I've seen a few R hatches, I've not spotted a single estate!
I'd agree that GTDs are very common, but I've seen quite a few GTis too, certainly more than Rs.
M
Nope, I actively keep an eye out for Mk7 GTIs and I see hardly any.I've been on the lookout for Rs and, especially, estates on the road since ordering one and while I've seen a few R hatches, I've not spotted a single estate!
I'd agree that GTDs are very common, but I've seen quite a few GTis too, certainly more than Rs.
M
On the other hand, one morning I made the short drive into work and saw three other Rs on the way. I regularly see 3 or 4 other Rs in the car parks at work with only one Mk7 GTI (and a couple of Mk5 GTIs) and a couple of GTDs.
Lucas Ayde said:
marcosgt said:
I wonder if you just notice more Rs than GTis, because the latter are SO anonymous?
I've been on the lookout for Rs and, especially, estates on the road since ordering one and while I've seen a few R hatches, I've not spotted a single estate!
I'd agree that GTDs are very common, but I've seen quite a few GTis too, certainly more than Rs.
M
Nope, I actively keep an eye out for Mk7 GTIs and I see hardly any.I've been on the lookout for Rs and, especially, estates on the road since ordering one and while I've seen a few R hatches, I've not spotted a single estate!
I'd agree that GTDs are very common, but I've seen quite a few GTis too, certainly more than Rs.
M
On the other hand, one morning I made the short drive into work and saw three other Rs on the way. I regularly see 3 or 4 other Rs in the car parks at work with only one Mk7 GTI (and a couple of Mk5 GTIs) and a couple of GTDs.
I've been looking for Rs and see something that looks a bit like one, but more often than not, it's a GTi or GTD where I drive (Hampshire/Surrey/Dorset/Vienna areas).
As the previous poster says, it's not like they're putting thousands out at a go on preferential lease schemes...
The ONLY R Estate I've seen was a used one at Martins in Camberley.
M
marcosgt said:
I guess it must be clusters then.
I've been looking for Rs and see something that looks a bit like one, but more often than not, it's a GTi or GTD where I drive (Hampshire/Surrey/Dorset/Vienna areas).
As the previous poster says, it's not like they're putting thousands out at a go on preferential lease schemes...
The ONLY R Estate I've seen was a used one at Martins in Camberley.
M
R estates are really rare, but the hatches are common as anything.I've been looking for Rs and see something that looks a bit like one, but more often than not, it's a GTi or GTD where I drive (Hampshire/Surrey/Dorset/Vienna areas).
As the previous poster says, it's not like they're putting thousands out at a go on preferential lease schemes...
The ONLY R Estate I've seen was a used one at Martins in Camberley.
M
There weren't that many 'mentally cheap' (ie ~£250 pm) leases but there have been pretty affordable (for a £30k+ car) lease and PCP deals out there continuously, for the R.
One of the real criticisms of the Mk6 R was the price "A Golf that costs more then thirty thousand pounds? Preposterous!" and I'm pretty sure that hurt sales - so I think they tried to address that with favourable finance on the Mk7. Maybe going too far.
Also, as regards subtlety - the GTI and GTD were far less subtle than the R, pre-facelift anyway. They had much more prominent grills and styling features vs the Rs very simple front end. They've made the R look a little more shouty with the facelift though.
Lucas Ayde said:
Even then, you are still paying interest on the entire cost of the car and fees on top of the depreciation so the only way you can 'win' vs purchasing it yourself is if the people organising the finance screw up and over-estimate the residual value ( I think this probably happened with some of the R and GTD deals), or you're a rubbish negotiator and pay top dollar upon purchase and allow yourself to get lowballed when you sell/trade-in.
Might be wrong here but doesn't VAT play a part in this too? I was under the impression (possibly falsely) that lease cars don't need to be sold on with VAT and therefore they are effectively buying them better than you can so that's how they make money.theres a fantastic thread on www.vwroc.co.uk - or .com can't remember about the dsg.
It takes a while to get your head around but you have to rememeber its 2 clutches and not like a normal auto.
From what I have read (and difficult as I haven't driven a dsg car before) you have to re learn how to drive it.
It takes a while to get your head around but you have to rememeber its 2 clutches and not like a normal auto.
From what I have read (and difficult as I haven't driven a dsg car before) you have to re learn how to drive it.
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