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Buying my Lease Golf R...What does the team think.


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Prices are crazy at the moment. You’ll be lucky if they offer it to you under £28k. They quote you on current prices they are going for at BCA. Right now 2018 models going for £25k-£27k. Might be bett

A savvy suggestion in the current climate, and likely best advice.  R prices are very firm, which is only great for Sellers…..but they will fall, so a big drop is to be expected.

I would guess the OP is referring to PCH @Ignition1. I've had a few leases over the years, either myself or my wife, and there's a split between leasing companies who let you buy the vehicle at the en

Prices are crazy at the moment. You’ll be lucky if they offer it to you under £28k. They quote you on current prices they are going for at BCA. Right now 2018 models going for £25k-£27k. Might be better doing an informal extension if its through VWFS for 3/6 months and things may start to get better from June onwards with more new cars coming in to the market.


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2 minutes ago, Umaar said:

Might be better doing an informal extension if its through VWFS for 3/6 months and things may start to get better from June onwards with more new cars coming in to the market.

A savvy suggestion in the current climate, and likely best advice.  R prices are very firm, which is only great for Sellers…..but they will fall, so a big drop is to be expected.

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8 minutes ago, Umaar said:

Prices are crazy at the moment. You’ll be lucky if they offer it to you under £28k. They quote you on current prices they are going for at BCA. Right now 2018 models going for £25k-£27k. Might be better doing an informal extension if its through VWFS for 3/6 months and things may start to get better from June onwards with more new cars coming in to the market.


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No price set yet, they said I will have to wait until last 3 months of the lease, so around December I might get an offer

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It still amazes me how they have gone up so much in such a short space of time, but as said there will be a big drop once the computer chip factories get back to full capacity .

 

 

My friend bought his at the end of its lease last June, a 17 plate  white 7.5 estate & he got it for £17,000 ! crazy cheap ..

 

I bought my 18plate from VW in march for £23,000 & they're now almost £30,000 for similar cars, which I wouldn't have wanted to pay & would have most likely leased instead.

 

 

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1 hour ago, Jace said:

It still amazes me how they have gone up so much in such a short space of time, but as said there will be a big drop once the computer chip factories get back to full capacity .

 

 

My friend bought his at the end of its lease last June, a 17 plate  white 7.5 estate & he got it for £17,000 ! crazy cheap ..

 

I bought my 18plate from VW in march for £23,000 & they're now almost £30,000 for similar cars, which I wouldn't have wanted to pay & would have most likely leased instead.

 

 

 

Your mate got his car the same time as mine, I had mine 4 years - paid for it in april this year - £17,900. WBAC now offering 23500k for mine. Mad tbh.

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Totally agree with extending the lease, prices are still heading upwards.

What spec have you got on the lease car? Spec's are making a difference in the market at the moment as so many Rs out there are ex-lease hence have few if any options (other than colours).

My R is one that was bought and spec'd from new (not by me, unfortunately) so is holding up very well against ex-lease alternatives as it has leather, big screen nav, pano roof, DCC, reversing camera etc. And its manual! 

 

Prices are at least £3k more than when I bought it last year, at least that's what I'm hoping given its for sale!

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I would guess the OP is referring to PCH @Ignition1. I've had a few leases over the years, either myself or my wife, and there's a split between leasing companies who let you buy the vehicle at the end (normally through a 3rd party as they cannot sell you the car directly given its an operating lease). From the leasing company's PoV, if they can tickle a few hundred more out of you than sending to an auction, its a win...

 

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15 hours ago, Zeddicus said:

I would guess the OP is referring to PCH @Ignition1. I've had a few leases over the years, either myself or my wife, and there's a split between leasing companies who let you buy the vehicle at the end (normally through a 3rd party as they cannot sell you the car directly given its an operating lease). From the leasing company's PoV, if they can tickle a few hundred more out of you than sending to an auction, its a win...

 

 

Thanks - yes I do recall now when looking at PCP vs PCH there was some differences over the buy-back option at the end. My MK7 ended up being £13,000 to buy to keep. Can't complain with that versus buying a 2nd hand car.

 

I wonder though if that's also driving up used prices. Usually people would trade-in their motor for a new one, but given new cars take what feels like 20 years to be made, and used car values increased as a quickly as wholesale gas prices, I can imagine it makes more sense to buy and keep the current lease exactly as OP is thinking to do.

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32 minutes ago, Penguin said:

You might not get the chance to extend.  With the current inflated prices and stock scarcity, VW may want the car back to maximise their profits! 

 

Agreed, I would get a quote as soon as, may find its £500 a month (they did this to one guy on pistonheads) - so he handed it back. Win win for VW right now.

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