Should I get a Mk7 GTI?

[dmac1969]

Well Ive made my descision and I am staying with the Mk5 , basically because I couldnt live without Leather and Performance pack options , and I cant afford the car if I add them! I dont have rent or a mortgage btw , I own my house outright (was left me by my folks) so I have a bit each month to waste on a car! I am paying the Mk5 until 2017 when it will be 9 years old - I may look at getting into an Edition 40 then (assuming its due in 2017?) using the full value of the Mk5 as a trade in along with a few grand of savings.

[Beddie]

Anyone hear think multi millionaires buy their cars outright??

Why sink wads of cash into one of the fastest depreciating purchases you will ever make?

Mike you can bang on about it all night but some people just won't listen..........

^^This 

[GTI5]

I would rather pay an extra 300 a month off the mortgage and have it over a shorter term then rentacar but thats just me.
When i see new cars on the road all I see now is rentacars or company cars..

The proliferation of the Rep-mobile.

[doylebros]

Well Ive made my descision and I am staying with the Mk5 , basically because I couldnt live without Leather and Performance pack options , and I cant afford the car if I add them! I dont have rent or a mortgage btw , I own my house outright (was left me by my folks) so I have a bit each month to waste on a car! I am paying the Mk5 until 2017 when it will be 9 years old - I may look at getting into an Edition 40 then (assuming its due in 2017?) using the full value of the Mk5 as a trade in along with a few grand of savings.

Sounds like a wise move to me!

Finally, let's hope you don't end up with any children between now and then cause that's when you get bills, your next new purchase will be a push bike. Ha ha.

[dmac1969]

Well Ive made my descision and I am staying with the Mk5 , basically because I couldnt live without Leather and Performance pack options , and I cant afford the car if I add them! I dont have rent or a mortgage btw , I own my house outright (was left me by my folks) so I have a bit each month to waste on a car! I am paying the Mk5 until 2017 when it will be 9 years old - I may look at getting into an Edition 40 then (assuming its due in 2017?) using the full value of the Mk5 as a trade in along with a few grand of savings.

Sounds like a wise move to me!

Finally, let's hope you don't end up with any children between now and then cause that's when you get bills, your next new purchase will be a push bike. Ha ha.

Knowing my luck I wont even have sex again before 2017 let alone get someone up the duff lol  

[MAT ED30]

If you can afford to do it do it as you only live once and life's too short to not enjoy things.

[tony_danza]

I would rather pay an extra 300 a month off the mortgage and have it over a shorter term then rentacar but thats just me.
When i see new cars on the road all I see now is rentacars or company cars..

The proliferation of the Rep-mobile.

Well someone has to buy cars, otherwise there'd be no used ones for everyone else.

 

[tony_danza]

How good a deal is the deal? There could be enough discount at the right dealer to get leather and the PPack for the same money you've been quoted.

As I said, ignore anyone only quoting monthly figures, you need to know total cost then get down to payments once they've knocked a load off.

[dmac1969]

Deal was 1500 down and 346 PCM on a 3 door GTI in Pure White. I didnt even ask how many years or anything tbh.

[tony_danza]

I'd take a guess at 5 years full list price.

www.drivethedeal.com are a decent yardstick, could be worth a quote to see what you actually could get?

[rich83]

Anyone hear think multi millionaires buy their cars outright??

Why sink wads of cash into one of the fastest depreciating purchases you will ever make?

Mike you can bang on about it all night but some people just won't listen..........

^^This 

And again ^^^^

[rich83]

Having said that... If I had a ton of money would I buy a Porsche 4.0 outright???? Yes I would. Tomorrow!

[GTI5]

I would rather pay an extra 300 a month off the mortgage and have it over a shorter term then rentacar but thats just me.
When i see new cars on the road all I see now is rentacars or company cars..

The proliferation of the Rep-mobile.

Well someone has to buy cars, otherwise there'd be no used ones for everyone else.

 

  That wasn't a reference to the m135i, heard one leaving a car park in Brighton a few weeks ago and they do sound nice as do all the 3.0 L6 engines.

[tony_danza]

I know it wasn't. 

Wait till you hear one with the M-Performance exhaust, in Sport+ mode....

Rich, that's an appreciating asset, join the queue behind me!

[swgti]

At the end of the day it's whatever your comfortable with, you buy a car outright from the second you pay for it it's losing money and it costs you money all the time in maintenance and running, you get a car on finance and you own it at the end but it's lost money as well as cost you in interest and running/repairs, PCP you pay to hire a car, pure and simple with no hassle, change or hand it back.

I bet the costs and losses involved probably aren't that different in all the scenarios. At the end of the day if PCP's were that bad people just wouldn't do it. I never ever said I would by a brand new car but looking at pcp deals you can get now especially on the Gti it's really got me thinking, I worked out that my Mk5 cost me nearly £9k for 2.5yrs ownership by the time you add up finance payments, cost/loss on purchase price at trade in and repairs/maintenance, approx £300-330 per month that I never saw again. I could get a brand new Mk7 with that money for quite a small deposit.