VW solutions

marysgirl

I will be buying a new car next week. I can not decide if to take a loan with the bank or take up the VW solutions option. The solutions option will give me 3 years free servicing. What are the advantages of taking their option. Has anyone ever had any problems with one of these deals.
I am pretty good at putting money aside but I can not see how I am better off paying their monthly repayment, £173 (the bank loan £208) a saving of £1260 in the 3 years but would still have to put an amount away per month to pay the lump sum due at the end of the 3 year period. Not sure if I am missing something here.

Kilty_2

Compare the entire cost over the 3 years. If you have the intention of keeping the car at the end then you need to consider the full cost of borrowing rather than just the monthly repayments.

Lil306

I'm not aware of the full details of this VW Solutions, but don't you get an M.O.T free car for 2 years anyway when buying a new car and you could make it 3 with an extended warranty?

Kilty_2

MOT is irrelevant - the car will still need servicing every year.

Lil306

Kilty wrote: »

MOT is irrelevant - the car will still need servicing every year.

My bad, confusion

david69_2

I thought a new car was mot free for the first 3 years?

Sally22_2

It doesnt need an MOT for the first 3 years but will need servicing according to the manufacturers guidelines to keep the warranty valid.

If its anything like Toyota (who I have finance with) You can usually buy a 'service pack' type of thing where you pay a fixed sum monthly for 3 years and that will cover your first 3 services. Can work out cheaper, especially if the service prices go up in the future, the price you pay wont. Might be worth seeing if this is an option?

To see how much the services are, try going onto an owners club, current owners will be able to give you a rough guide. My first service was £150, 2nd was £300, 3rd is likely to be around £200. And I only have a small 1.0 Toyota IQ2.

If I was you I would take the bank loan if they will give it to you, if it means you can pay off the car in full. As then the car will not have finance on it so alot less hassle if you want to sell it on. And then I would take out the service pack and pay a small amount per month, think mine would of been £11pm if I had taken it out which would have covered my first 3 services. Which I was a bit silly not to as it would have covered my first 2 services already but oh well.

staffie1

So has anyone got experience of having a new VW using their solutions package? Looks like a good deal to me as I would expect to have the car for 3 years then trade it in for another new VW. Has anyone done this? Are there any pitfalls that aren't immediately apparent? I am confident that my mileage would remain within the max limit of 10,000 pa.

CHR15

It's all a bit subjective. I personally would hate it.

I like to own a car, if I scratch it, so what? I'll fix it if I think it worthwhile.

With an intention to enter the circle of finance/trade in/finance etc, you are almost driving a hire car.
You have to return it as if you had never driven it, no marks, no scratches or else you will be paying for all the repairs.

I would never be comfortable with it, but each to their own.

KingElvis

Exactly why all this lease hire, final value stuff has always left me cold.

I nearly bought a car from Ford on one of these type schemes and the rules on what you could and couldn't do were just plain stupid so I pised him off with his silly deal.

Saying that, once the OP has paid for an taken the hit for driving a new car, it leaves an immaculate motor for someone who doesn't want to get caught in that spiral, job's a good un.

blacksta

I love people who get roped into BONDAGE lease contracts - it means i get to buy the immaculate car outright when it is 2 or 3 years old. I am currently looking at a 3 year old 207 with 16k on clock at £4900 brand new price was £13k. Somebody else paid (£207 * 38 payments) . Car still smells brand new