Audi PCP / Finance - Is this a good deal? Opinions appreciated...
Been thinking about upgrading to a facelift S3 for a while now, and I was having a look at the used approved audi website.
Seen this Ibis White S3:
Now, I have a pre - face lift 1/1/2007 S3 which will be put back to standard - which means no FBMFSW - just the usual BOSE, ipod dock etc which they have said they will give me £11,250 towards it.
Then, if they give me £4000 back and use the rest as a deposit (£7250) the payments will be £302.92 for 36 months.
At the end of this, they said the value of the car / balloon payment will be £10,188.
So by my reckoning, this makes:
£7,250 deposit + (36 x 302.92) = £10,905 + £10,188 = £28343.12
Then, this final figure minus the money I got back at the start - £4000 = £24,343 for a car on for a purchase of £22,825?
I know you are meant to look at this as a way to start again after 3 years on a new car in a similar way, but I was trying to work out how much is being made out of me throughout!
Is this right? Is it a good deal for what it is?