VW ID.4

VW Ireland have updated the build configurator for the new model ID4 with the new prices.

41K for a meagre power old model doesn't seem great now does it? No wonder he was being pushy.

Was just about to post the same thing.

It's the kinda deal to walk into expecting to have no equity at the end. Might be as good an idea as any in the current market. Very surprised they are setting the gmfv that high.

Why does the seai grant as mentioned not appear to reduce the finance figures?

Up the top goes from 47500 to 44000 after SEAI, no?

Edit

Sorry see not in the PCP.

Assume you've to put deposit and then get it back?

Have any current ID4 owners on here got the panoramic roof? I'm wondering if it's just a fixed pane of glass or is it tilt and slide? Anyone remember what it cost to spec in the previous model? The current configurator / product guide doesn't have a price on it.

That's a pane?😤

My GMFV is even higher at €26,500 so when my 3 years are up in 2026 I expect to have zero equity. Raging! I’ll need an 8 year credit union loan to pay the final payment! Better start saving!!

Not sure why you feel betrayed by anyone as you’ve effectively got “some” protection from severe depreciation. With a PCP, you are literally renting a new car on a monthly basis for the term agreed. You then have various options to rent another new car, buy out the current one etc. New cars are an expensive luxury item that lose their value. If you’re not prepared to take such a hit, drive a second hand car.

I don’t think anyone should feel “delighted” that they can just hand the car back. To me, that’s a fallback, really a last resort.

You probably put a hefty enough deposit (or trade in) into the deal at the start and then 18-20k in monthly repayments. I’d personally be a bit sore handing the car back and getting the bus home after all that!

I think the ideal PCP scenario is you put 15-20% into it as a deposit / trade-in and you have roughly that 15-20% equity in the car at the end, allowing you to go again with similar terms as before.

It’s generally not realistic to expect 30% equity so if you have to put that in upfront in order to afford the monthly repayment, well then you’re stretching yourself beyond your means imo. But having zero equity at the end or even negative equity is not good and something has gone very wrong in those cases imo.

The chain around your leg with a PCP is the ever increasing balloon as you move from PCP to PCP, and I’d say VERY few balloon payments are ever simply paid off in cash -

someone posted the VW website yesterday for an ID4 PCP that was only €337/pm monthly. It’s very attractive, but it has a €25k balloon (and not forgetting €4k of finance interest, making it a very expensive car).

that balloon doesn’t exist in a bank account in most cases, and the driver will look to kick that can again in 3 years time.

eventually they’ll have an insurmountable balloon and will be handing the keys back, and revert back to a €10k car loan and an older car.

and that’s the PCP game - thanks for playing :)

Has there ever been a case that a discount was given on the gmfv/balloon if value has dropped?

Allowing the PCP hirer buy the car outright for a settlement figure closer to what they could buy a used one in the open market?

45 including delivery charge and including the grant

The grant will probably go next year which will add 3500 onto new cars..