How to track the car you have ordered?

[delxa]

VW Finance. OK. I paid a decent deposit and have a balloon payment after four years. You can get pretty good rates, under 9 percent for sure, but they base the rate around your credit score on their system so individual results may vary.

They take the money every month and you can pay more without penalty. Just watch the get out early clause, mines not too bad.

Oh and you might get an Umbrella.

I nearly went with Stratton, they were excellent to deal with but VW beat their rate on a non commercial loan.

Thanks for sharing your experience, langers_sydney. The guy at the dealership said the current rate is 8.75% at the moment which is good. But his figures on repayments didn't seem to reflect even close to that figure. Worked out to more like 11.6% for some reason. They haven't yet told me what the establishment/dealer fee is for the loan yet.

I'm actually going to give RACV a shot. Their rate is 9.25%, extra repayments all good. There is a fee for early escape although it seems to be more administrative than attempting to claw back some lost interest. No balloon option but that actually suits me fine.

[Rays_R]

Well this is my experience which might not fit in with everyone. I was going to finance it through a business which may change the rates. Initially VW finance offered 8.99% which after I told them CBA (8.45%) and ANZ (8.2%) offered less. They then reduced their rate to 8.49%. At the end of the day, all I can say is that it is negotiable.

VW finance said there was a once off establishment fee around the $300-400 mark which I can't remember now and that is for both personal and business loans.

[delxa]

Well this is my experience which might not fit in with everyone. I was going to finance it through a business which may change the rates. Initially VW finance offered 8.99% which after I told them CBA (8.45%) and ANZ (8.2%) offered less. They then reduced their rate to 8.49%. At the end of the day, all I can say is that it is negotiable.

VW finance said there was a once off establishment fee around the $300-400 mark which I can't remember now and that is for both personal and business loans.

Thanks for sharing your experience. That's interesting to know that they are negotiable. It's a shame that CBA isn't as competitive as that these days. (10.99% is what they are offering for secured loans at the moment).

[langers_sydney]

8.2 from ANZ is very good, they quoted me 13 or some crap....

[Rays_R]

8.2 from ANZ is very good, they quoted me 13 or some crap....

Yeah but this was going through a business loan. If you get can grab hold of a ABN things run slightly more smooth. Also ANZ didn't initally offer that. I was on the phone with them and they gave me some crappy rate so I said thank you for your time but CBA offered 8.45%. About an hour later i get a random phonecall saying we can beat CBA.

[SChan]

Yeah but this was going through a business loan. If you get can grab hold of a ABN things run slightly more smooth. Also ANZ didn't initally offer that. I was on the phone with them and they gave me some crappy rate so I said thank you for your time but CBA offered 8.45%. About an hour later i get a random phonecall saying we can beat CBA.

Try "infochoice.com.au" and go to personal loans...

[Rays_R]

Another random call from ANZ. Told them I was happy without the finance and then they offered 7.5%. Tempting but I think I might just go the no finance route to save hassle.

[jimmy]

The guy at the dealership said the current rate is 8.75% at the moment which is good. But his figures on repayments didn't seem to reflect even close to that figure. Worked out to more like 11.6% for some reason.

Comparing rates directly is a recipe for trouble. Always check the monthly repayments and whether they include or exclude GST. A lot of finance companies (including VW) quote their rate exclusive of GST. This is then added to the monthly payment.

[delxa]

Comparing rates directly is a recipe for trouble. Always check the monthly repayments and whether they include or exclude GST. A lot of finance companies (including VW) quote their rate exclusive of GST. This is then added to the monthly payment.

Absolutely correct. So while VW had better interest rates, the true cost of finance (as indicated by the actual repayment figures) was much higher than the advertised rate and not as good as what I got from the lender i'm probably going to go with.

[XTC838]

How long does it take from signing a deal till car being build?

Just trying to establish when I should harass dealer for a VIN.

[dyljoy]

Not sure about GTI, but for R, it will take up to 3 month

[XTC838]

Not sure about GTI, but for R, it will take up to 3 month

I certainly hope it won't be that long!

[dyljoy]

So do I ,mate, wait is so painful

[keg75]

picked up my car yesterday (3/11/11) - supposed to do it monday (31/10/11). order date was 27/5/11.

car rocks

keg75

[XTC838]

Great news! Bet you can't wipe the smile off your face