Wrong, it's the complete opposite. You can ONLY hand the car back at the end.

Worth noting drivethedeal discount this car to £16765 (additional £500 of you or a family member own a vw), will this car depreciate by an additional £4276 for 10,000 miles within 2 years? i doubt this, as I am currently looking for a 2nd hand golf nearly new and nothing comes close to £11989 with 10k mileage, more like atleast £14500.
so how exactly has this deal got hot?

I got this, bought it though - lovely car!

That sounds not too bad

I wish I had the 1800 for a deposit

You could do £510 deposit and £170 a month instead? :smiley:

I think it's fairly reasonable considering it's a £20k + car

Yeah - looks great. However, monthly cost jumps up rapidly if you increase mileage from 5k/annum (£170/mo @ 10k/annum)

0-62 in 9.3 seconds... where you get your figure from OP?

apologies...was looking on the vw site and forgot to select the specific engine

Build quality on the no 7 is hot and miss some love, some hate. If my door rattles anymore, I'm likely to choke the life out of the old duffer at the dub shop who says he can't hear anything!!

Worth noting drivethedeal discount this car to £16765 (additional £500 of you or a family member own a vw), will this car depreciate by an additional £4276 for 10,000 miles within 2 years? i doubt this, as I am currently looking for a 2nd hand golf nearly new and nothing comes close to £11989 with 10k mileage, more like atleast £14500.
so how exactly has this deal got hot?

Just remember if it's a lease as stated you're responsible for the balloon payment at the end, you can't hand the car back unlike PCP or PCH

It's a 5 door

I looked at this deal myself but I went with this one at Hotcarleasing in the end. It works out to about £200 more overall but its the 1.6TDI and its a DSG, 5dr, comes with the same stuff too. On personal, its £2400 initial, 89.99 a month, £250 admin fee. I tried upping the mileage and the price hiked but the excess is only 6p a mile which I can live with.

Wrong, it's the complete opposite. You can ONLY hand the car back at the end.

I have ordered it and have the pre-contract form. It is a 5 door.

my mistake.

Eh!?!

Totally incorrect. You DONT make a balloon payment at the end. You have to give the car back.

Yes and I thought PCH was a lease (personal contact hire), as opposed to PCP (personal contact purchase)?

You speak through your rear end sir! Completely, totally and utterly wrong!

My current Golf MK6 is worth about £6K and has done 37K miles. I could sell that and get this deal and know I had the money to cover the deal. Mad really, although the logistics of selling my car and waiting for this lease deal might sour things a lot.

And then in two years time you'd have nothing.

I'd still have my other car although I'd not like to rely on it as it's 20+ years old. It depends whether I want or need to change my car. Plenty of people manage with 20+ year old cars or half knackered ones, so this obsession with wanting a new car or envy of people who have new shouldn't make your decision for you. In all likelyhood my car should be fine for another 5+ years. It's up to me to decide what to do.

Hey ignoramus!, oh don't worry about me, I just sell cars for a living so yeah I must be wrong then!!!

PCP- trade in, finance the final payment (or pay it) or hand it back to the manufacturer

PCH/CH- the vehicle goes back to the supplier, you don't have any other choice.

Personal or finance lease - 'You' are responsible for the end balloon payment. You must pay it! If you sell or trade in the vehicle for less than it you need to pay the difference.

So next time hopefully you'll get someone who doesn't know so much! :smirk:

Completely incorrect, that's contract hire you're thinking of

http://www.contracthireandleasing.com/guides/finance-lease/

For all the know it all's just look at the 2nd paragraph under the 1st heading in BLUE

Great deal if only it was an auto the 1.6 tdi can be had for 112.59 on 24m lease with 1800 deposit and 240 admin fee

Its great actually. However would have went for this engine in dsg as tired of manual now.

I have a 10 reg 2.0tdi match golf 5dr manual in candy white for sale. the 1.6 is too sluggish for my liking. I would go for this if auto

It's a lease deal, not sure why you don't understand how it works. You can pay £16,000 for your Golf, excellent now how did you pay? A lump sum (oops not financial savvy at all are we) or did you take out a loan? Probably did, OK so that means you're paying every month, just like a lease deal, and possibly put down a deposit by trading in your old car.

So lets say you pay off your new car in 2 years time, what do you have left at the end, a car worth less but as you say not too much less, maybe £12-£13K, hmm maybe OK. Now you have a 2 year old car and you're money is tied up in that car. With this lease deal you've paid out £4K and now you can just go and get another new car on a lease, you can do this multiple times so let's say in 6 years time you've spent £16K on a lease deal, you'll have 3 new cars and you'll still have your old aging one which will be worth about £6K. So it depends what you want to do, drive new all the time or own an aging car. Plus factor in servicing costs as well.

It's not as simple as you make out by saying "How has this deal got hot" is it?

You like leasing then. How about doing modification or adding options to the car?

For anyone considering the 1.6 TDi's linked above

hotcarleasing = £4809.76 total

nationalvehiclesolutions = £4742.15 total

That's not right Bertie, I worked it out to 4719.77, you added an extra month's payment. I nearly went to check my paperwork!

More expensive than the one I posted http://www.hotukdeals.com/deals/vw-golf-match-edition-2-year-lease-79-69-per-month-5000-miles-per-year-4471-67-2442906

but less deposit needed.

hot from me!

It's not easy to retrofit standard manufacturer options, if you're in to modding and customisation then why would you want a lease deal anyway?

People who lease are people who don't want to buy a new car and also have hassle free motoring.

Nope, you are still wrong. There is no balloon payment with this deal. This is a PCH.

Can u tell me why it says LEASE in the title then?!?!

Remember the interest on the 16k loan would be about £1500 minimum extra over 5 years. Double if you don't have a good credit rating or go for the standard 7% If you can pay 16k off in 2 years at minimal cost good for you! :smiley: Even if you had 16k in the bank and paid for the car outright you'd lose out on 1k of interest payments

What are you not getting here?

There are multiple forms of lease. PCH and PCP are both forms of leasing. This is a PCH.

Finance LEASE is different to PCH/CH & PCP. It's not that I don't get it, it's that few realise the difference by the looks of it! I need to know about these things so I do.

Ok, and this is a PERSONAL LEASE. It's a PCH.

Oh FFS!!! A lease agreement is not the same as a hire agreement!! Why would the same thing be called 2 different names???

I'm done, this is petty. Sign up for it & see what happens in 2 yrs.

I did. I signed up for a VW personal lease two months ago from NVS under exactly the same description. It's a PCH, I have the contract in front of me.

Bye.

I was making the point that whilst you're extolling the virtues of leasing, there are valid reasons for not leasing.

- Modifying could include for example adding a towbar. That wouldn't be allowed on a lease. You could specify a factory option instead but see below.
- Adding any FACTORY options (not retrofitting), means the cost of these is paid for in full over the lease term. I added £8k of options to my last car, why would I do that then hand the car back after 2 years.
- Why is it not financially savvy to pay in cash. Interest earnt in the bank is far less than interest paid on a finance contract (the interest isn't explicit because it is all wrapped in the finance cost you pay each month)

Having looked at the numbers time and time again, leasing it not cheaper than owning a car.

For example this particular car can be bought brand new for £16765 through a car broker. That's £4,580 off the list price. Can you see any two year old 10,000 mile 1.4tsi Golfs for sale at £12,489 (£16765-£4276, ie actual cost of the car less what you paying for the lease).

Every example I have looked at, the residual value of the car leased would still be more than the difference between a price you'd actually pay for the car (not the inflated RRP) and the cost of the lease over the term.

Leasing is for people who specify zero options and have to have a new car every couple of years. For everyone else, do your homework and look elsewhere.

Bully for you big man! Until 3 months ago I sold VW's

Night sweety xx

Deals on cars continue to make people angry.

​On the evidence of what you've been saying above, it's easy to see why you don't sell them anymore.

eat some jelly beans.