Golf R Estate 2.0 TSI 310ps DSG7 4Motion Lease (Term £8172.06) @ Car Leasing Online
-98°

Golf R Estate 2.0 TSI 310ps DSG7 4Motion Lease (Term £8172.06) @ Car Leasing Online

27
Found 11th Dec 2017
£8172.06 over 24 months with £10,000 miles. That's £340 a month with the up front deposit included. Seems ok for this car with £10k per year

This is a lease. It wont be for everyone. If you are anti lease, and you are into having your capital sat on your drive depreciating, that's your deal. Don't hate on lease deals just because it doesn't suit you. For many of us, its a great way to do motoring in an affordable way. Its a way to drive a new car without having to worry about the depreciation. If you paid cash for this car, you'd lose more that this in the stated 24 months.

27 Comments

Technically you're only paying the depreciation...but good price I paid £8k deposit (before getting the keys) so £8k for 2 years is sweet!

The problem is that any golf R deal gets compared to the ridiculous deals from 3 years ago.
This isn't bad if you want a new golf R for 2 years. Depreciation will come cost more than this.
They are a great car. Was gutted when mine went back (I got a £149 a month deal but I won't rub it in ).

for whatever bizarre reason, something occurred to me whilst looking at the numbers.
The maximum the goverment will allow you to receive in "mileage" expenses without being taxed is 45p per mile, having this car will cost 81p per mile without fuel insurance etc.
no wonder they could give MPs such a decent pay rise last time

Cheaper elsewhere in many other places, on a like-for-like term, for example here.

maddogb5 m ago

for whatever bizarre reason, something occurred to me whilst looking at …for whatever bizarre reason, something occurred to me whilst looking at the numbers.The maximum the goverment will allow you to receive in "mileage" expenses without being taxed is 45p per mile, having this car will cost 81p per mile without fuel insurance etc. no wonder they could give MPs such a decent pay rise last time


Well it's a 2 litre, 310hp car. Of course it's not going to cost 45ppm!

m5rcc11 m ago

Well it's a 2 litre, 310hp car. Of course it's not going to cost 45ppm!



guess my comment went way over your head, the point was not how much this costs but how little the government allow in taxable expenses.

maddogb1 m ago

guess my comment went way over your head, the point was not how much this …guess my comment went way over your head, the point was not how much this costs but how little the government allow in taxable expenses.


Over my head? No... 45ppm is plenty. Choose a more economical car.

robbrown489148 m ago

Technically you're only paying the depreciation...but good price I paid …Technically you're only paying the depreciation...but good price I paid £8k deposit (before getting the keys) so £8k for 2 years is sweet!


Anyone know why they bother , when there is the risk of selling and processing the returned car

7day11 m ago

Anyone know why they bother , when there is the risk of selling and …Anyone know why they bother , when there is the risk of selling and processing the returned car


If you're going to quote me, please use words with meaning in the reply.

7day11 m ago

Anyone know why they bother , when there is the risk of selling and …Anyone know why they bother , when there is the risk of selling and processing the returned car


Because they don't pay list prices for these cars and with the admin fees and slight profit on the monthly payments, it makes it worthwhile on purely volume.

There's little risk in selling a two year old car via BCA or massive volume car supermarkets like CarGiant.

7day14 m ago

Anyone know why they bother , when there is the risk of selling and …Anyone know why they bother , when there is the risk of selling and processing the returned car


Surely the only way that these sorts of "less than depreciation" deals make any sense is by virtue of the leasing company paying substantially less than an ordinary punters to acquire the car - Arguably therefore if you actually buy one of these cars outright you may well be subsidising those that lease? Or am I completely wrong?

admpgk20 m ago

Arguably therefore if you actually buy one of these cars outright you may …Arguably therefore if you actually buy one of these cars outright you may well be subsidising those that lease? Or am I completely wrong?


Arguably...

m5rcc46 m ago

Over my head? No... 45ppm is plenty. Choose a more economical car.




Of course it's not, it's hardly gone up in years and is another victim of fiscal drag.

bigbak5 m ago

Of course it's not, it's hardly gone up in years and is another victim of …Of course it's not, it's hardly gone up in years and is another victim of fiscal drag.


If anything it needs to reduce to force people to drive electric and/or hybrid. Curiously, a Prius is 45ppm.

Original Poster

admpgk46 m ago

Surely the only way that these sorts of "less than depreciation" deals …Surely the only way that these sorts of "less than depreciation" deals make any sense is by virtue of the leasing company paying substantially less than an ordinary punters to acquire the car - Arguably therefore if you actually buy one of these cars outright you may well be subsidising those that lease? Or am I completely wrong?


MOre like you are subsidising the dealerships for the privilage of buying from them.
These lease companies get 20% discoumt for buying in bulk.

maddogb1 h, 39 m ago

for whatever bizarre reason, something occurred to me whilst looking at …for whatever bizarre reason, something occurred to me whilst looking at the numbers.The maximum the goverment will allow you to receive in "mileage" expenses without being taxed is 45p per mile, having this car will cost 81p per mile without fuel insurance etc. no wonder they could give MPs such a decent pay rise last time


The lease allows 10,000 miles per annum, so the car will cost 41p per mile plus fuel, insurance etc.

If you can justify to HMRC that you need this car leased in this manner to do your job you can claim tax relief on the actual costs. 45p per mile is just a standard allowance anyone can have without demonstrating actual costs.

The real question is why should anyone expect their entire motoring expenses to be covered through tax free allowances unless they never use the car for regular commuting or personal journeys.

bigbak43 m ago

Of course it's not, it's hardly gone up in years and is another victim of …Of course it's not, it's hardly gone up in years and is another victim of fiscal drag.


The AA publish running costs which prove otherwise, unless you do very low mileage (less than 10k per annum) or want an expensive car and don't do the mileage to justify it.

trickytree198434 m ago

MOre like you are subsidising the dealerships for the privilage of buying …MOre like you are subsidising the dealerships for the privilage of buying from them. These lease companies get 20% discoumt for buying in bulk.


Only 20%? I got more than that off on a new car from a dealer, and easily beat this kind of lease deal. I needed the car by a specific date so didn't push too hard on price, but probably could have gone further. There are websites where you can play dealers off against one another.

It doesn't work so well if you are too specific - you need to buy the car the dealer wants/needs to sell, which is essentially the same with these lease deals.

mail448 m ago

Only 20%? I got more than that off on a new car from a dealer, and easily …Only 20%? I got more than that off on a new car from a dealer, and easily beat this kind of lease deal.


You'll only get 15% off list for this.

mail4458 m ago

The AA publish running costs which prove otherwise, unless you do very low …The AA publish running costs which prove otherwise, unless you do very low mileage (less than 10k per annum) or want an expensive car and don't do the mileage to justify it.




Well looking at what they've stated (from a few years ago), I'm not sure I'm looking in the same place as you.
It's been 45p since at least 2011. I can remember getting around 40ppm over 20 years ago.

It's a con. Companies use the amount as a level to fix it at so the only person losing out is the driver.

at 10,000 miles
Up to £13,00 - 37.68p
£13,000 - £18,000 - 51.26
£18,000 - £25,000 - 59.60
£25,000 - £32,000 - 76.01
Over £32,000 121.78

bigbak12 m ago

Well looking at what they've stated (from a few years ago), I'm not sure …Well looking at what they've stated (from a few years ago), I'm not sure I'm looking in the same place as you.It's been 45p since at least 2011. I can remember getting around 40ppm over 20 years ago.It's a con. Companies use the amount as a level to fix it at so the only person losing out is the driver.at 10,000 milesUp to £13,00 - 37.68p£13,000 - £18,000 - 51.26£18,000 - £25,000 - 59.60£25,000 - £32,000 - 76.01Over £32,000 121.78


You're looking at exactly the same place; up to £13,000, 37.68p @ 10,000 miles.

Drive 15k miles and you can have a £18k car @ 41.79 p/mile and 20k miles a £25k car @ 42.52 p/mile.

This is getting very off topic now but you don't need an expensive car if you're only driving 10k miles pa, so why should the tax system subsidise your motoring? Yes, you got more (relatively) in the past, but company cars were also taxed much less.

bigbak9 h, 18 m ago

Well looking at what they've stated (from a few years ago), I'm not sure …Well looking at what they've stated (from a few years ago), I'm not sure I'm looking in the same place as you.It's been 45p since at least 2011. I can remember getting around 40ppm over 20 years ago.It's a con. Companies use the amount as a level to fix it at so the only person losing out is the driver.at 10,000 milesUp to £13,00 - 37.68p£13,000 - £18,000 - 51.26£18,000 - £25,000 - 59.60£25,000 - £32,000 - 76.01Over £32,000 121.78



although i haven't had one for a few years a company car was a worse con taxwise, for private use you had to pay your tax on it @ %20 of retail value, same again if you got fuel so say 3 year renewal you paid tax on %60 of its retail value, insane tax ripoff.

Original Poster

mail4411th Dec

Only 20%? I got more than that off on a new car from a dealer, and easily …Only 20%? I got more than that off on a new car from a dealer, and easily beat this kind of lease deal. I needed the car by a specific date so didn't push too hard on price, but probably could have gone further. There are websites where you can play dealers off against one another.It doesn't work so well if you are too specific - you need to buy the car the dealer wants/needs to sell, which is essentially the same with these lease deals.


Explain please? Over 2 years with 20k miles how are you paying less. Taking into account your monthly repayment (assuming you didn't have £30k cash up front), your deposit and the depreciation. Please break down for me how you could buy this car, pay the monthly repayments (with interest) and sell it, all costing you less than £8k

I strongly suspect you can't. Leases are cheaper than PCP, and you don't have the problem of selling the thing

Original Poster

trickytree198419 m ago

Explain please? Over 2 years with 20k miles how are you paying less. …Explain please? Over 2 years with 20k miles how are you paying less. Taking into account your monthly repayment (assuming you didn't have £30k cash up front), your deposit and the depreciation. Please break down for me how you could buy this car, pay the monthly repayments (with interest) and sell it, all costing you less than £8kI strongly suspect you can't. Leases are cheaper than PCP, and you don't have the problem of selling the thing


Let me do that for you...

IF you get 20% off that's 28k. A PCP over 4 years with a 2k deposit and 10k balloon would be £400 a month at 4% ( if you're lucky enough to be prime)

Total repayments over 2 years = 9600 plus your 2k that's 11600. But you still don't own it. You can't VT it, you're not halfway on a PCP. So if you settled the loan (you'd need the cash, or to sell to a dealer), you'd also have to factor the depreciation. For you to sell at trade, it's probably going to net you £22k if your lucky. Still that's a 6k loss..

Total cost to you for 2 years is £11,600 in repayments. That's assuming you can sell it, assuming you can get the 20% discount in the first place and assuming the used prices don't fall through the floor. I've been kind and assumed you could settle the finance with the money you sell it for.

Meanwhile a lease costs 8k over the same period and you don't have worry about the used market going south.

markymark3411th Dec

The problem is that any golf R deal gets compared to the ridiculous deals …The problem is that any golf R deal gets compared to the ridiculous deals from 3 years ago. This isn't bad if you want a new golf R for 2 years. Depreciation will come cost more than this. They are a great car. Was gutted when mine went back (I got a £149 a month deal but I won't rub it in ).


Presumably that was with a larger upfront payment and hatchback manual. £8,172 for 10k a year estate DSG is not far off from the best deals there were. Add inflation, £ falling relative to Euro and it looks even better.

Original Poster

phoni6 h, 11 m ago

Presumably that was with a larger upfront payment and hatchback manual. …Presumably that was with a larger upfront payment and hatchback manual. £8,172 for 10k a year estate DSG is not far off from the best deals there were. Add inflation, £ falling relative to Euro and it looks even better.

Yup
Post a comment
Avatar
@
    Text