With the announcement of the new Cupra 300 I just wanted to vent some disappointment at the state of depreciation of my Cupra 280. I know car's depreciate but I have never owned one before which has depreciated so quickly!!
I think it is really out of line how Seat have continuously refreshed models almost every 3 months. I ordered a 280 in August just before 290 was announced. Always asked along the way whether I could cancel and get a 290 but was told it was too late by the time they were available to order on the system. People started getting 290's n December...
I love the car and having owned an 2009 S3 and a 2011 GTI this is the best out of all of them. I have the ST and having the extra space with performance is amazing. Prior to getting the Seat I had a 2014 Audi A6 2.0 TDI 190. It was a great car and felt so luxurious but it was just too slow for the size of the car. Enter the Cupra! My problem with the Cupra however is that it's fuel tank is tiny! I drive from London to Scotland at least twice a year and having to stop to refuel drives me mad. Any way after driving back from Scotland this week I thought I would look at A6's again. Long and short of it I found a stunner. 3.0 TDI quattro with 73 Litre fuel tank, same 0-60, 0-100 and top speed. No brainer!
I therefore called up Seat to get a settlement figure... £19k. Asked dealer how much they would pay for it with 16,500 miles on the clock. £18k. I put a £7k deposit down and it is on 0% finance. This is the first car I have ever owned which has had negative equity! I don't know what to do. Do I bail on it now or wait another 2 years for the agreement to end and then get out of it? Any thoughts would be welcomed.
I think it is really out of line how Seat have continuously refreshed models almost every 3 months. I ordered a 280 in August just before 290 was announced. Always asked along the way whether I could cancel and get a 290 but was told it was too late by the time they were available to order on the system. People started getting 290's n December...
I love the car and having owned an 2009 S3 and a 2011 GTI this is the best out of all of them. I have the ST and having the extra space with performance is amazing. Prior to getting the Seat I had a 2014 Audi A6 2.0 TDI 190. It was a great car and felt so luxurious but it was just too slow for the size of the car. Enter the Cupra! My problem with the Cupra however is that it's fuel tank is tiny! I drive from London to Scotland at least twice a year and having to stop to refuel drives me mad. Any way after driving back from Scotland this week I thought I would look at A6's again. Long and short of it I found a stunner. 3.0 TDI quattro with 73 Litre fuel tank, same 0-60, 0-100 and top speed. No brainer!
I therefore called up Seat to get a settlement figure... £19k. Asked dealer how much they would pay for it with 16,500 miles on the clock. £18k. I put a £7k deposit down and it is on 0% finance. This is the first car I have ever owned which has had negative equity! I don't know what to do. Do I bail on it now or wait another 2 years for the agreement to end and then get out of it? Any thoughts would be welcomed.