UK-POLOS.NET - THE VW Polo Forum

apologies for the random question;

I'm on a personal finance contract with VW and I've had the car for a year. Buuut, just renewed insurance, and its gone down to £200 for the 1.4, which got me thinking. The reason why I didn't get the GTi was for insurance, but my insurance company now quotes me £750 for the GTi!

The contract is due to finish over 3 years, so 2010, and I either swap the car, pay the rest or give it back. Anyway, I'm wondering if anyone has done this before, or if anyone knows the small print on this, but how would I go about returning the car early and ordering a new GTi from the same garage?

Thanks!

Best thing to do is give them a call and ask them. Pretty sure it can be done as when i got my Golf he mentioned that although my agreement is over 4 years i can use the car as a part ex on another VW if i wanted.

Get in touch with your dealer. Chances are they will bend over backwards to help you, after all its another sale for them.

you can do it, do you have positive equity on the car?

Get yourself down to a VW dealer who has one in stock, tell them what you wanna do then say you want it for monday and they will bend over backwards to sell you a car in stock before the end of the month.

as long as your not on contract hire you should be alright and not get stung so much!

also helps if your always in positive equity with your finance! as they will give you a cheque back rather then you giving them more money!

ive just done all this after my black one has been written off and had to settle everything again

gimme a shout if you need a hand

Im pretty sure with VW finance you can part ex it back in at anytime for a new car. Staff used to do this when they got bored at work lol

kc wrote:as long as your not on contract hire you should be alright and not get stung so much!

also helps if your always in positive equity with your finance! as they will give you a cheque back rather then you giving them more money!

ive just done all this after my black one has been written off and had to settle everything again

gimme a shout if you need a hand

A cheque back!! How would I know if I have positive equity on the car? I'm pretty sure I do as over the 2 years left, I've only paid £120 a month, and the model is pretty much the same price as when I bought it..

Also would I need to give them another deposit? My one for the current car was around £800-900 mark (forgot exactly).

Oh and one final thing, my brakes got painted red in my bid to improve the car's looks, do you think they will care? lol.

Thanks for all your help! I think, as long as I persuade my parents (now that I'm 20 I think that should be all easy, even though the car is in Mum's name), I might just be getting the Polo GTi soon!

you wont get alot back for your car only medium trade in value , plus all you r interest on ya finance too, with such a small deposit you looking at prob be even, ring your finance company and ask for a settlement figure! I paid 4500 deposit last year and rang up for settlement last month and i think i ended up wen trading in for a golf gti with 2000 towards the golf. But it was too expensive to get it in the end! LOL