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Re: How does this deal sound?
Posted: Fri Nov 18, 2011 6:48 pm
by jonallen628
chani1312 wrote:My scirocco r is very similar I traded in my diesel version for the r. Months same depost same over same amount of years too
You have about £4k's worth of extras over the one he is looking at.
Re: How does this deal sound?
Posted: Fri Nov 18, 2011 9:11 pm
by Daz85UK
If thats the case and your paying around the same monthly price then looks like I should be paying alot less a month than what they quoted, with half the extras
Re: How does this deal sound?
Posted: Fri Nov 18, 2011 11:06 pm
by b0rk
To work out if there is any equity left you'll need to find out the predicted value. i'd guess that the dealer will have left between £500 and £1000 of value.
Under a PCP type deal the deposit can be best thought of as an initial payment not as a returnable deposit. This can either be allocated to reducing the monthly payments making the "deal" more affordable per month which is the most common method of structuring a deal or to reducing the balloon making the deal more expensive per month but leaving a larger amount of equity.