Paying over £20k seems a lot to me in order to get the options you want to add. It might be a good idea to look at the VW Golf GT instead?
Golf GT has a higher spec than the Leon FR and would probably be worth more than an equivalent Leon 1.4 FR in years to come. You would get a nearly new Golf GT with the current engine on Autotrader for around £19k. Just a thought....
Hey man, thanks for the suggestion, I appreciate it. I personally don't like the look of Golf's, although interior and build quality is superior to the leon. Furthermore, I am not convinced that a standard Golf GT has all the options I want. A Golf GT will also cost a hell of a lot more financially.
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Here is how it breaks down in reality...
A Golf 1.4 TSI ACT GT (150 PS) 5-Door - 2014 (64) with no extras and 5K mileage will set you back £19,445 assuming there is no discount on offer (margins on golf's are lower).
Lets assume I go for PCP finance over 3 years with £3000 deposit and for an estimated annual mileage of 10k/year. APR = 12.9%, Fixed interest rate =6.62%
My monthly payment will be = £372
Therefore total payable for 36 months would be = 372*35+3000 = £16020
Final payment or GMFV would be = £8018
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Now lets look at the brand new 1.4FR with all the options.... this will set me back £21460 (realistic estimated price via a dealer)
It will be on PCP finance over 3 years with £3000 deposit and for an estimated annual mileage of 10k/year. APR = 0%
My monthly payment will be = £278.47
Therefore total payable for 36 months would be = 247.47*35+3000 = £12746.45
Final payment or GMFV would be = £8713.28
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So as I said it's a no brainer when you do the math. The 1.4 Leon FR wins hands down, it will also be worth more in three years time. And lets be honest...its far more sexier and has less brand snobbery
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