Octavia VRS - 0% interest rate

[pologti18t]

In case anyone is looking at purchasing a VRS

http://www.skoda.com.au/octaviars/

[zei20t]

only 3 years warranty!!! but they only bought in 5 years last year when I got mine.

[K1W1]

only 3 years warranty!!! but they only bought in 5 years last year when I got mine.

Three years is standard. Five years would have been some sort of promo.

Skoda always have a promotion at this time of year.

[Mysticality]

Five year warranty was the promo they started around the end of December 2011... I bought mine on 22/12/11 and got the 3yr.
Saw the signs out the front of the dealership not a week later.

[woofy]

The 5 yr is a strange time point as well, if you extend it, it's 6 yrs total.

[The Speedfighter]

Five year warranty was the promo they started around the end of December 2011... I bought mine on 22/12/11 and got the 3yr.
Saw the signs out the front of the dealership not a week later.

you should've gone back to the dealership with that!!!!!

[BlackOctaviaRS]

0% interest = 0% movement on price. They'll make the same money out of you either way. Better off getting your own finance, then haggling on price.

[K1W1]

you should've gone back to the dealership with that!!!!!

For what reason?
The car was purchased outside the promotion period and both the dealership and Skoda would have had the right to say get nicked and would have done so. You win some and you lose some.

[K1W1]

0% interest = 0% movement on price. They'll make the same money out of you either way. Better off getting your own finance, then haggling on price.

Over four years 0% interest means effectively an 8-10% discount on the price based on the current inflation rates so you would have to get around a 15%+ or thereabouts discount off the car to allow for the interest rate that you were paying through your own finance to be in the same position. I know that these figures are crude and don't take VRR and all sorts of things into account but I'm just demonstrating the basic principle that people would need to take into account and discuss with whoever they are financing through.

[pologti18t]

0% interest = 0% movement on price. They'll make the same money out of you either way. Better off getting your own finance, then haggling on price.

Not so sure about that as the cars would be at least 7+ months old (up to may 2012 build)

You could, if lucky get a 7-8% car loan

40K at 8% over 4 yrs = approx $7K of interest.

[K1W1]

Either way the fact that there is still unsold stock that potentially was manufactured 15 months ago of Skodas most popular models is more than a little concerning.