PCP VW contribution increases

Brian’s Dad · Jul 8, 2018

it appears VW have inc the contribution from £1000 to £2000 if you order before sept 19. Has anyone who’s got an order pending for the MY19 build and managed to get this added to a pre agreed deal? Surely this is coming out of vw’s pocket not the dealers?

Ocean Spirit · Jul 8, 2018

I think it should be possible.
Some dealers are very pro-active in assisting too.
Bottom line for me was I had to go ahead with the order on one PCP deal to gaurentee it incase the next PCP was worse because they can't do any retrospective 'better deals' of course. But having signed up and a better one comes along than you have and you are in the driving seat so to speak and everyones a winner.

2haw · Jul 8, 2018

It will come from VWFS and will be available in addition to any discount agreed with the dealer.

Brian’s Dad · Jul 8, 2018

fingers crossed, i'll update soon

RetroRed5 · Jul 8, 2018

Ooh, this is interesting; I got my order in about 2 months ago and opted for the PCP (merely to get the deposit contribution and cheap services); I just emailed my dealer to see if they can apply this improved deal to my order.

I'll keep you posted as to what they say (fingers crossed).

rippers · Jul 8, 2018

As of 1st July they introduced to the 10 year HP £1000 contribution, it was nothing before. Although the APR interest rate has risen from 7.3% to 7.7% so I worked out that If I went full term I would be around £50 worst off. That said if I sell the van half way through I would be £450 (ish) better off.
Did they change the interest rate on the PCP?

Brian’s Dad · Jul 8, 2018

rippers said:
As of 1st July they introduced to the 10 year HP £1000 contribution, it was nothing before. Although the APR interest rate has risen from 7.3% to 7.7% so I worked out that If I went full term I would be around £50 worst off. That said if I sell the van half way through I would be £450 (ish) better off.
Did they change the interest rate on the PCP?

Good point it's gone from 5.8 to 5.9% APR - will need VW to crunch the numbers

rippers · Jul 8, 2018

MattBell said:
Good point it's gone from 5.8 to 5.9% APR - will need VW to crunch the numbers

When you ask them to do this, ask them to do a new quote as if they over write the old quote on the system it will be gone.

RetroRed5 · Jul 9, 2018

FYI - I emailed my dealer and asked them if they can apply the new increased deposit contribution to my order and this is what they said...

"...unfortunately not because it was done in quarter two campaigns, VW look at all orders taken and if the vehicles are re-proposed under the new campaigns, the offers will not apply. Plus the dealer get a charge also for trying to do it."

Sounds like a categorical "no chance" to me

I know I placed my order about 2 months ago and the deal I got was the best deal at the time but I have to admit it is a little frustrating that even before my order has been scheduled for build by VW that they have this new deal on offer and they won't apply it to my order; the "list" price on my CaliO is mental and so I was hoping they would be a bit more accommodating to try and figure something out. If my order was in the build schedule and "on it's way" then I'd understand it a bit more but as with all folks who have recently ordered a Cali, it is just in a kind of "holding" bucket at the moment until VW figure out the build schedule at the end of August.

Still, never mind, it is what it is I guess.

Richard Hurst · Jul 9, 2018

Yes I see today that they’ve put the interest rate up so my £1000 contribution was actually about £500 after some negative equity but the hike in the rate put my monthly payments up by £6 a month

Brian’s Dad · Jul 20, 2018

My dealer had a look today and it worked out cheaper. On the 48month PCP the rate is held at 5.8% so the monthly payments have dropped a small amount - I note the balloon had risen by around £150. When I added it all up the new deal saves about £500