The Mega MK7 & MK8 Golf GTI/GTD/R thread - Part II

bazz26 wrote: »

Car prices have shot up across the board the last few years though. An entry level Golf is getting close to 30k these days so 45k for a 1 year old high spec R with only 6k miles on the clock isn't outrageous imo especially when 2018 models are still asking north of 35k.

It's fairly easy to spec. up a new GTI to near enough 50k! Don't seem to be able to get the Pretoria alloys on the GTI either (I'm not a fan of "directional" alloys). I'll have to buy an R it looks like :-)

Casati wrote: »

Will they get anything close to 45k though? Seems mad money. New prices have gone up but one key advantage is the 0% finance. Bank interest at 6.9% on 45k over 3 years is about 10k

Two things:

1. The Mk7 Golf R is no more so you cannot get it @ 0% PCP from VW on one and certainly not on a 1 year example.
2. Your comparing apples and oranges around finance packages - 0% PCP to 6.9% HP. Also who goes out and borrows 100% of the value of the car @ 6.9% over 3 years? And you still have to finance the PCP balloon payment unless you trade it in for another PCP deal or hand it back and walk away with nothing.

It's only dear if you can buy a new one cheaper though which you cannot. There are also 2018 examples asking 40k that don't have that spec. Manufacturers give financial incentives on new cars but not on used ones.

bazz26 wrote: »

You brought finance into the conversation about 0% to begin with when saying 45k was expensive for a year old one and then compared it against 6.9% on HP from a bank. Where are you seeing a 2019 Golf R on 0% finance?

Book value again is irrelevant to an average punter, where are you buying a 191 Golf R for 37k? The cheapest one I can see is asking 44k, are you saying they would take close to 37k for it? How much were both cars when new last year?

You seem to be using extreme examples in making your point that the car is expensive but yet I don't see any real world examples to support that.

Although I’d love a Golf R I’m not in market for one now and could very well be wrong thinking 45k for a 18 month old obsolete model is too expensive.

I tried to make a point re car prices that VW group and other distributors have increased rrp’s of cars to help pay for the low rate they offer - case in point was the large increase in price for the new Golf coupled with 0% interest offered - something generally never offered on a brand new model. This finance has to be paid for and is a considerable cost. I dont think it’s too extreme to use a 6.9% interest rate to compare against as it about the lowest any bank will offer.

VW sell majority of their new cars on PCP. Dealers have said to me the avg deposit is 15% so with many of their cars now retailing over 50K, it’s quite common people are financing well over 40k. Most people go again with another PCP rather than refinance. Financing 40k over three years is a big cost that VW have built into their pricing.

Generally with VW cars, the trade in value is far above the GMV so most people finishing PCP in a GTI will have equity towards the next car.

VW still list the Golf R on their website so forgive me for not knowing their current stock levels and presuming they could sell a car they are still advertising

Casati wrote: »

Although I’d love a Golf R I’m not in market for one now and could very well be wrong thinking 45k for a 18 month old obsolete model is too expensive.

I tried to make a point re car prices that VW group and other distributors have increased rrp’s of cars to help pay for the low rate they offer - case in point was the large increase in price for the new Golf coupled with 0% interest offered - something generally never offered on a brand new model. This finance has to be paid for and is a considerable cost. I dont think it’s too extreme to use a 6.9% interest rate to compare against as it about the lowest any bank will offer.

VW sell majority of their new cars on PCP. Dealers have said to me the avg deposit is 15% so with many of their cars now retailing over 50K, it’s quite common people are financing well over 40k. Most people go again with another PCP rather than refinance. Financing 40k over three years is a big cost that VW have built into their pricing.

Generally with VW cars, the trade in value is far above the GMV so most people finishing PCP in a GTI will have equity towards the next car.

VW still list the Golf R on their website so forgive me for not knowing their current stock levels and presuming they could sell a car they are still advertising

Well it's sold now so someone didn't see it as overpriced.

Loving the shooting brake.
What we thinking? 70k?

Casati wrote: »

Will they get anything close to 45k though? Seems mad money. New prices have gone up but one key advantage is the 0% finance. Bank interest at 6.9% on 45k over 3 years is about 10k

er, no it's not.

€45k @ 8.8% APR from PTSB over 3 years will cost you €6,139 in interest.

TAP ends up € 51,139

Audi made some fùck up with the new S models. Who in their right mind would buy a diesel car with 4 fake exhausts to make it look like a sporty petrol model...mind boggling from them.

Wailin wrote: »

Audi made some fùck up with the new S models. Who in their right mind would buy a diesel car with 4 fake exhausts to make it look like a sporty petrol model...mind boggling from them.

Over €76k for a diesel S4... mother of god :eek:

The configurator isn't the most accurate at times but it's also possible that they have deleted the petrol models from the lineup now due to poor demand.

CIP4 wrote: »

I test drove a 2.0TSI 190bhp DSG Arteon. A few months before buying my GTI. I really liked the car and engine felt quick enough for the kind of car it is really. What really put me of it is the cost of buying them but more so I’d worry they just won’t hold their value. But I really like the look of the Arteon. The cabin is nice and spacious and feels well put together.

It's a nice-looking car but it really needs a more premium interior, not just the same one as the Passat. I think the Arteon will go the same way as the Phaeton.

I'd say this GTI TCR might become bit of a collector's item in a few years time:



https://www.carsireland.ie/detail.php?ad_id=2571432&r=s.php%3Fm%5B%5D%3D93%26o%5B%5D%3D812%26f%3D1%26nn%3D12%26yn%3D2017%26pp%3D50%26g%3D0

I read somewhere that the TCR is actually quicker than the R once they get going because of the lighter weight. Obviously from standstill it couldn't compete with the grip of the R. That's a lovely example above with the red in lights in contrast with the white.

I may have heard of someone who met a lad in the fast Tesla 3 in his Golf and it wasn't 1-0 for electricity

drunkmonkey wrote: »

You didn't take on a performance did you?

Just an in gear blast on the motorway one day all within legal speeds.