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Thread: S3 Sportback S-Tronic PCP residuals...

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    S3 Sportback S-Tronic PCP residuals...

    ... anyone got an idea of residuals on the above with 10k per year on a 48 month PCP/Solutions plan?

    I'll be ordering a new car in Jan and was pretty much set on an A4 Avant S-Tronic Quattro Black Edition (either TFSI or TDI) due to the massive discounts available, but it seems that the S3 has fantastic residual value which means I should hopefully be able to get one for around £400-£450pm (£1k deposit).

    I don't wanna be going to the dealers yet as they annoy the hell out of me with their bull (Bradford Audi - here's looking at you )

    So, anyone ordered recently & care to let me know the GFV on their PCP/Solutions?

    Cheers,
    Steve.

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    paullowther's Avatar
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    Hi Steve,

    To give you an idea... the final rental payment after 48 months on my 3 door S3 has been set at £15,255.10.

    I posted a lot more information in a thread called 'Ready to order S3 - my experiences & spec'. The last post in it was yesterday.

    Hope this helps.
    dinz14 likes this.

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    Cheers, it's all helpful info mate!

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    Just thought I'd jump on this and see if anybody else would like to give there GFV?

    I'm only dreaming at the moment, but its one thing with Audi that you can't find out without a visit to the showroom! The BMW website will give you GFV and PCP plan details for what ever car you have spec'd up via the website.

    15K seem fairly good after 4years

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    Dylock's Avatar
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    For me....
    15k at end
    3k deposit
    £450 per month

    Sorry for quick reply

    Edit: that's 36k ish car with options

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    c.grex's Avatar
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    So judging that another 15k, it looks like options are not making much difference to GFV. Thanks for the reply.

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    VeeDubDan's Avatar
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    Quote Originally Posted by Dylock View Post
    For me....
    15k at end
    3k deposit
    £450 per month

    Sorry for quick reply

    Edit: that's 36k ish car with options
    Over 48 months?
    8V S3; Sportback, S-Tronic, Monsoon Grey, Aluminium Roof Rails, Privacy Glass, Supersport Seats, Comfort Pack, Technology Pack High, Bang & Olufsen, Folding, Dimming Mirrors, Interior Light Pack, Extended Mono.Pur, Parking System Plus, Reversing Camera, Rear Side Airbags, Reversible Boot Mat, Tyre Pressure Monitor, Hold Assist

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    Dylock's Avatar
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    Quote Originally Posted by VeeDubDan View Post
    Over 48 months?
    Yes, sorry forgot to write that

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    Pulp84's Avatar
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    Think the trick is getting as much discount as possible to offset the options.

    Ok, so I have been quoted the below on new S3 SB:

    £430 a month x 36 months.
    £4000 deposit.
    6000 miles p.a
    £16800 final payment


    I have also learnt over the years that the mileage figure should be kept low. I have owned 7 cars on PCP and have never handed one back. Therefore never worried about excess fees. The more miles allowed in the contract the higher the payment (wear and tear and depreciation). I have always traded it in a good 6 to 12 months before the agreement ends so therefore the milage is totally irrelevant. So I always quote a lower mileage and keep repayments down to minimum.

    Oh and I have also seen that Audi finance can "manipulate" the final payment upwards or downwards to get monthly figures within a customers budget. Obviously putting the final payment figure higher means come trade in you will have less equity, but your repayments were lower during the agreement - swings and roundabouts as they say!
    Last edited by Pulp84; 5th September 2013 at 17:34.
    S3 Sportback S-Tronic - Amalfi White, Comfort Pack, LED headlights, LED interior lights, High-beam assist, hill hold assist, privacy glass, mono-pur, folding mirrors, TPMS, Audi sound system and black Alacantra. Built week 17. Arrived 17/05/14. Wow......just wow

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    Yeh, always go for minimum mileage on a PCP. Even the finance bloke at my dealers said that.
    Sport 2.0 TDI 150 Sportback in Scuba Blue, alcantara/leather, advanced key, audi sound system, comfort pack w/ ACC and park assist, deselect sports suspension, auto-dimming & folding door mirrors, electric lumbar support, heated seats, hold assist, non-smoking pack, side & lane assist, reversing camera, storage & luggage pack, tech pack with audi connect, tyre pressure warning, towbar, variable headlight range control, xenon light pack

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    c.grex's Avatar
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    Quote Originally Posted by cemerson View Post
    Yeh, always go for minimum mileage on a PCP. Even the finance bloke at my dealers said that.
    as pointed out above, swings and roundabouts! I have gone for 5k per year on my A4 and it added 1k to the GVF rather than setting it at 10k. This great for the monthly payments, but it just means I've got to find that extra 1k when I trade the car in!

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    c.grex's Avatar
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    Just a little update. Just had a GVF quote of 17k after 4 years!

    this has made this affordable for me now

    And sales guy told me what ever options I spec, it will not change the GFV, just the monthly payment.
    Last edited by c.grex; 21st September 2013 at 19:51.

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    Pulp84's Avatar
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    Quote Originally Posted by c.grex View Post
    Just a little update. Just had a GVF quote of 17k after 4 years!

    this has made this affordable for me now

    And sales guy told me what ever options I spec, it will not change the GFV, just the monthly payment.
    What was the break down of the deal? Had similar GVF on 36 months with £4000 deposit
    S3 Sportback S-Tronic - Amalfi White, Comfort Pack, LED headlights, LED interior lights, High-beam assist, hill hold assist, privacy glass, mono-pur, folding mirrors, TPMS, Audi sound system and black Alacantra. Built week 17. Arrived 17/05/14. Wow......just wow

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    c.grex's Avatar
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    Quote Originally Posted by Pulp84 View Post
    What was the break down of the deal? Had similar GVF on 36 months with £4000 deposit
    It doesn't matter what the full quote is as the GFV only relates to the mileage you have said you will do and the length of the term. The full price of the car doesn't make any difference to the GFV, so GFV will be the same if you have 10k of options or 1k of options.

    so My GFV was 17242 after 4 years, with my mileage set as low as it can at 5K. from here you can use a online calculator to alter the deposit, so you know what monthly payment you want to get too.

    but, my figures for info:

    35k car
    5900 deposit and trade in
    412 per month for 48 months
    17242 GFV @ 5k per year

    what where yours on a 3 year deal then as I didn't ask what it would be on a 3 year deal?

    this is a calculator to alter the figures: Car Finance PCP Calculator
    so from here I can work out that giving the prices he has given me, that if the car was discounted to the same as what drive the deal can do one for, my monthly payment would be £350, with £3500 deposit. (whether they will match DTD is still to be seen after a days test drive)

    EDIT: just seen your original post! I can't work out how the have given me a GFV of 17k at 4 years, yet yours is less (16.8k) at 3 years!? is like saying my SB will be worth more even though it's 12 months older? was yours a S-Tronic?
    Last edited by c.grex; 22nd September 2013 at 09:30.

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    Quote Originally Posted by c.grex View Post
    It doesn't matter what the full quote is as the GFV only relates to the mileage you have said you will do and the length of the term. The full price of the car doesn't make any difference to the GFV, so GFV will be the same if you have 10k of options or 1k of options.

    so My GFV was 17242 after 4 years, with my mileage set as low as it can at 5K. from here you can use a online calculator to alter the deposit, so you know what monthly payment you want to get too.

    but, my figures for info:

    35k car
    5900 deposit and trade in
    412 per month for 48 months
    17242 GFV @ 5k per year

    what where yours on a 3 year deal then as I didn't ask what it would be on a 3 year deal?

    this is a calculator to alter the figures: Car Finance PCP Calculator
    so from here I can work out that giving the prices he has given me, that if the car was discounted to the same as what drive the deal can do one for, my monthly payment would be £350, with £3500 deposit. (whether they will match DTD is still to be seen after a days test drive)
    £32500 (after £2400 discount). £4000 deposit, £420 x 36 months. 6000 miles P.A. £16,800 GFV. I think it is very reasonable!
    S3 Sportback S-Tronic - Amalfi White, Comfort Pack, LED headlights, LED interior lights, High-beam assist, hill hold assist, privacy glass, mono-pur, folding mirrors, TPMS, Audi sound system and black Alacantra. Built week 17. Arrived 17/05/14. Wow......just wow

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    c.grex's Avatar
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    EDIT: just seen your original post! I can't work out how they have given me a GFV of 17k at 4 years, yet yours is less (16.8k) at 3 years!? is like saying my SB will be worth more even though it's 12 months older? was yours a S-Tronic?

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    Pulp84's Avatar
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    Did wonder about your figures - everyone else is on £15k GFV after 4 years with cars nearer £35k. Guess my quote on 3 years is not bad after discount. If I paid full price I guess I would have to be on 4 years to keep in budget.

    My spec is quite sparse - Comfort pack, LED headlights, privacy glass, Audi Sound system, TPMS, high beam assist, interior light pack - not much but adds £2000 odd on to the price. I've pushed to get the options for free in effect. In final negotiations at moment.
    S3 Sportback S-Tronic - Amalfi White, Comfort Pack, LED headlights, LED interior lights, High-beam assist, hill hold assist, privacy glass, mono-pur, folding mirrors, TPMS, Audi sound system and black Alacantra. Built week 17. Arrived 17/05/14. Wow......just wow

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    c.grex's Avatar
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    The 15.5k ones are on 3door ones and set at 10k per year I think. Yours is a s-tronic is it? My options only come to £1700 and I've gone for a solid colour

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    Pulp84's Avatar
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    Just doing a quick calculation on the figures you posted - total repayable is £43918??? On a £35k car that does not sound right. Almost £9k in interest and fees.

    So on my quote Audi are basically charging me £4000 odd in fees and interest which is reasonable for the figures we are talking. It's a SB S Tronic.
    S3 Sportback S-Tronic - Amalfi White, Comfort Pack, LED headlights, LED interior lights, High-beam assist, hill hold assist, privacy glass, mono-pur, folding mirrors, TPMS, Audi sound system and black Alacantra. Built week 17. Arrived 17/05/14. Wow......just wow

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    c.grex's Avatar
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    Can't say I've looked to much at the interest or fees. Done the PCP thing a couple of times and I just try and get to a monthly payment.

    I have a A4 TDI and it will be 18 months old when we plan to pick The S3 up. And this set at 5k per year, on a 4 year PCP, and there is equity in that for trade in after just 18 months.

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    Yeah double check because the figures you quote don't make sense unless through third party broker / finance. Audi finance I think are still at 6.4% APR so it should be a lot cheaper than you have been quoted.

    Just wish Audi did rates like BMW at 3.9% APR. Think they need they helping hand to sell their cars lol?
    S3 Sportback S-Tronic - Amalfi White, Comfort Pack, LED headlights, LED interior lights, High-beam assist, hill hold assist, privacy glass, mono-pur, folding mirrors, TPMS, Audi sound system and black Alacantra. Built week 17. Arrived 17/05/14. Wow......just wow

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    just wondering did anyone get a dealer contribution?
    2008 imola s3 Gone
    2012 Daytona Grey RS3

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    Quote Originally Posted by yuan2211 View Post
    just wondering did anyone get a dealer contribution?
    unsure if you mean 'dealer contribution' or 'Audi centre contribution'

    a dealer contribution is just the same as a discount of the car, but the 'audi centre contribution' is part dealer and part audi funded.

    At the moment there is no audi contributions on A3's or S3's, and also no advertised discounts or dealer contributions.

    A example of how the 'centre contribution' works is on the A4:

    £3900 centre contribution is being advertised yet this is being made up of £1900 direct from audi and £2000 discount from the dealer, yet you can still get more than £3900 off a new A4!

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    i guess any discounts may as well go down as there contribution then
    2008 imola s3 Gone
    2012 Daytona Grey RS3

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    Hi, with the PCP do you ever get any back from the GFV as equity. I'm looking into this for purchasing a saloon, however my present car has around £4000-£6000 equity, I don't really want to lose that by committing to a PCP if it means nothing gained.

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    Quote Originally Posted by cuke2u View Post
    Hi, with the PCP do you ever get any back from the GFV as equity. I'm looking into this for purchasing a saloon, however my present car has around £4000-£6000 equity, I don't really want to lose that by committing to a PCP if it means nothing gained.
    ive had mixed results! But when the GFV is 17k on a 4 year old car I can't see there being much equity there. PCP's work best with low deposits and higher monthly payments (although I haven't always done it that way)

    if if you trade your car in, the only thing you gain is lower monthly payments.

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    That's what I thought...

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    It's normally quite a conservative value because the company are taking a risk by guaranteeing the value, so as long as you don't totally trash the car it should have some equity at the end - though of course if the mileage is substantially different to the one used to calculate the GFV it might have less.
    Sport 2.0 TDI 150 Sportback in Scuba Blue, alcantara/leather, advanced key, audi sound system, comfort pack w/ ACC and park assist, deselect sports suspension, auto-dimming & folding door mirrors, electric lumbar support, heated seats, hold assist, non-smoking pack, side & lane assist, reversing camera, storage & luggage pack, tech pack with audi connect, tyre pressure warning, towbar, variable headlight range control, xenon light pack

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    Quote Originally Posted by c.grex View Post
    PCP's work best with low deposits and higher monthly payments (although I haven't always done it that way)

    if if you trade your car in, the only thing you gain is lower monthly payments.
    I dont understand how that can be the case. A PCP deal at maybe 6% compared to money in the bank of maybe 3%, would suggest its better to spend the money rather than save it. It reduces the starting debt which reduces the interest on that debt with lower monthly payments.

    Id be interested to know the best options before I sign up to my next car finance plan
    Last Car A5 Coupe 1.8 Sport,
    Current car 3 Door A1 1.4 (185) S line - Misano Red with contrast line, arm rest, 18" sline alloys, Xenon, Climate, tyre pressure monitor
    Next Car 3 Door S3 Stronic - Estoril Blue, Comfort Pack, LED Headlights, mono.pur, heated folding mirrors, AHH, B&O, parking plus, lighting pack, tyre pressure monitor

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    Quote Originally Posted by cemerson View Post
    It's normally quite a conservative value because the company are taking a risk by guaranteeing the value, so as long as you don't totally trash the car it should have some equity at the end - though of course if the mileage is substantially different to the one used to calculate the GFV it might have less.
    Hi, as my cars are usually in showroom condition and I only drive about 4k miles a year I certainly wouldn't have to worry about mine not getting the GFV, at least. But would the difference between the GFV and what the car is actually worth be enough for a healthy deposit?

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    Noone knows, it's a new car and noone can predict what the value of them or market for them will be like in 4 years - that's why the estimate they give is so conservative usually!
    Sport 2.0 TDI 150 Sportback in Scuba Blue, alcantara/leather, advanced key, audi sound system, comfort pack w/ ACC and park assist, deselect sports suspension, auto-dimming & folding door mirrors, electric lumbar support, heated seats, hold assist, non-smoking pack, side & lane assist, reversing camera, storage & luggage pack, tech pack with audi connect, tyre pressure warning, towbar, variable headlight range control, xenon light pack

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    c.grex's Avatar
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    updated qoute from a broker:


    S3 TFSI Quattro SB S Tronic
    Aluminium roof rails
    Audi Sound System with 10 speakers
    Comfort pack
    Hill hold assist
    SD card satellite navigation system


    31,600 on the road


    2500 deposit
    17454 GFV (@5,000 miles)


    £369.35 per month over 27 months




    although this quote can't be confirmed until January as that is when the new finance package for Audi will be confirmed for April 14 onward.

 

 

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