Decision time ....... old car or brand new Golf R ?

[Bodyboarder81]

Oh and no offence taken what so ever .... it’s certainly taught me to be able to laugh at myself 

[Juliand]

Oh and no offence taken what so ever .... it’s certainly taught me to be able to laugh at myself 

I apologise, my comment seems extremely crass now.

All credit to your mum - she is obviously a very caring and  generous person, with your best interests at heart, and I bet that she is extremely proud of you too. Nice anecdote 

[jayha11]

I think a lot depends on circumstances and what kind of disposable income you have that will determine which option is best for you. Take myself for example, I have always gone down the second hand route and it has served me well over the years. I owned my last car (2010 S3) outright but I sold this last week as I wanted to free up some funds as I have also just sold my house and looking to move into a bigger property. So weighing up the options I decided to take a Leon Cupra 300 lease offer which works out at approx £6400 over 2 years. I was happy to do this as its 2 years worry free motoring whilst we do any improvements we plan on the new house and I can easily afford it.

[Eves]

Some of these comments are ridiculous.

As if you wouldn’t want a new Golf R over an ageing MK5!!

Sorry but I think a fair few people here have their Mk5 blinkers on.

[Bodyboarder81]

I’d love a new golf r ..... but at what cost am I willing to go to get one ? No way would I want to buy one outright and I’m not a fan of finance ect

[pudding]

Some of these comments are ridiculous.

As if you wouldn’t want a new Golf R over an ageing MK5!!

Sorry but I think a fair few people here have their Mk5 blinkers on.

Blinkers?  My mistake, I thought I was on the MK5 forum.    You are quite right in that case.  MK5s are utter garbage and everyone should be in a MK7 because it is infinitely better in every way.

Thank f'ck not everyone thinks the same way you do.

[Eves]

Some of these comments are ridiculous.

As if you wouldn’t want a new Golf R over an ageing MK5!!

Sorry but I think a fair few people here have their Mk5 blinkers on.

Blinkers?  My mistake, I thought I was on the MK5 forum.    You are quite right in that case.  MK5s are utter garbage and everyone should be in a MK7 because it is infinitely better in every way.

Thank f'ck not everyone thinks the same way you do.

Haha. 

I didn’t once say that MK5s are garbage just that a new MK7 R is infinitely better than an ageing MK5

Having come from a 2007 MK5 I know that a new Golf R is where I’d want to be sitting.

Each to there own. I’m sure your MK5 is lovely

[Bodyboarder81]

I guess it all depends on how much you want the newer model and what you have /want to spend . For what the mk7’s cost I’d be looking at entirely different car to be honest . Second hand car that is .

[DavGTI]

I’m assuming you’re in a finincially stable position where fininance is affordable to you and if having an ageing car is something that is going to niggle at the back of your head you could place you £8.5 down as a deposit and finance the rest for a second hand mk7 R or a mk7 GTI, own it outright after a few years and not loose as much money as you would on a brand new car as some of your money will still be in the asset itself.

Sadly VW seem to have changed their target customers over the years as I have the original sale invoice of my mk5 GTI and it was £17,995 (basic spec, manual 3 door) where as a new mk7 GTI now would cost near £30k I think. Big difference. It seems VW have clicked on to the ‘keeping up with the Joneses’ culture and big debt finance people are willing to get into and are maximising profits on it. Or I could be wrong and it just costs more to manufacture the cars lol I’m not sure.

Either way I hope you find the example your looking for 

[Stevemartin911]

Jayha11. .... I was also looking at the seat as the cheaper option, I can live without the four WD on the R. Do you mind telling me where you got your deal which appears to be quite good ?
Stevemartin911@aol.com   Can't do pm's yet.

Thanks to everyone for your input, interesting comments, one unknown of course is the possible repair costs associated with old cars and now with sky high parts and labour costs it a needs to be considered, probably won't even get to a first service on a new one ?

Thanks. Steve

[GTI DAZ]

drive the deal . com a cupra 300 for the spec i wanted was £24,700

[Roczen]

Whatever you decide it's up to you, no right or wrong, different circumstances etc. Here's my interpretation of personal finance on cars, you should know this before deciding.

Using VW.co.uk website, their R7.5 offer will cost you over three years:
Deposit: £5,158
36 payments of £421: £14,735
Insurance at £500 a yr: £1,500
Total cost: £21,393

Value of asset at end of 36 months: £0 as you give the car back (or pay £14,465 to keep it).

Buying a used mk5 gti, cost over 3 yrs.
Cost £5,000 (can put on a 0% credit card and pay monthly - no need to give bankers even more money)
Service £250 x3: £750
MOT £55 x3: £165
Insurance at £400 x3 £1,200
Two new tyres: £160
Misc, brakes etc: £400
Depreciation: £1,000
Value of asset (if you sold it after 3 yrs): £4,000
Total cost: £3,675

If I'm correct then the difference in cost over three years is £17,718! That could be enough money to take a year off work, or retire a couple of years earlier. Or spend on 3 yrs driving an R 

Your choice, all I'm saying is have a look at your finances before you decided.

[Juliand]

Great way of setting it out.

A few extra things to factor into the Mk5 option, though, during that period:-
- Cambelt and waterpump c £600 (every 4 years?)
- Camchain - full kit fitted, if necessary - circa £1000 all in
- Cam follower  - not sure on cost , prob £400 - £500

Some of these items appear disproportionately expensive, relative to the purchase price of the car, but you probably just accept on a higher value / newer car

[DavGTI]

Great way of setting it out.

A few extra things to factor into the Mk5 option, though, during that period:-
- Cambelt and waterpump c £600 (every 4 years?)
- Camchain - full kit fitted, if necessary - circa £1000 all in
- Cam follower  - not sure on cost , prob £400 - £500

Some of these items appear disproportionately expensive, relative to the purchase price of the car, but you probably just accept on a higher value / newer car

True that although most Mk5 GTIs now have already had the cam chain kit replaced.

[mayesj86]

Great way of setting it out.

A few extra things to factor into the Mk5 option, though, during that period:-
- Cambelt and waterpump c £600 (every 4 years?)
- Camchain - full kit fitted, if necessary - circa £1000 all in
- Cam follower  - not sure on cost , prob £400 - £500

Some of these items appear disproportionately expensive, relative to the purchase price of the car, but you probably just accept on a higher value / newer car

Cam follower is less than £40 from VW and a garage would probably be an hour labour to fit or 30 mins if your handy with the spanners. Maybe slightly longer if banjo bolt type.

Cam chain would be around the £600 mark from a garage without the VVT adjuster which unless you drill the bolt out for rounding issues wouldn't need to be changed