How much...?

[phantom]

Due to oil prices my best guess would be 3 years old about £13/14000.4 years old £9/10,000
But who knows

Thats very low that mate , theres 6 year old 8L S3's still going for 10-12k with 50-60k on the clock.

Unless things change wildly i'm still looking at " roughly " 15k for a 4 year old decent example S3 with low-ish miles.

This is not aimed at you Dipstic.

If they are changing hands for silly money in 3/4 years then " we " the owners have only got ourselves to blame for letting them go too cheaply.

If we all stick to our guns and under cut the dealers used prices by a grand or two we'll do just fine!

If people want a quick sale then sell to the dealer for he's price , don't sell em cheaply private as that will have a knock on effect and the cheap price will become the norm!!!!!!!!!!!!

p

 

[PaulAr]

Sold my Golf @ 3yrs 4 months old for a nats under 13K. And there were literally 100s around in the classifieds.

As an abslolute minimum a used S3 after that period should surely be worth 13K+ applying the same logic.

Compare the trend of the 8L against equiv MK4 Golfs and the 8L has a much stronger resale value

Unless of course the market falls out of the used car market because of a new `global credit/oil crisis` and then its all relative because the car you trade it for will also have plumetted in value also.

Like the rest of us Im just guessing but IMO I dont reckon weve any more to worry about the many millions of car owners nationwide. In fact less so because of (dare I say it) AUDIs desirable image.

Enjoy now, worry about resale later.

Cheers
Paul

 

[newbiecrg]

S3 32K, down 15K, monthly £770

Mine is 14 months old and I have done 14k miles...

Pedro

 

[dipstic]

Thats very low that mate , theres 6 year old 8L S3's still going for 10-12k with 50-60k on the clock.

Unless things change wildly i'm still looking at " roughly " 15k for a 4 year old decent example S3 with low-ish miles.

This is not aimed at you Dipstic.

If they are changing hands for silly money in 3/4 years then " we " the owners have only got ourselves to blame for letting them go too cheaply.

If we all stick to our guns and under cut the dealers used prices by a grand or two we'll do just fine!

If people want a quick sale then sell to the dealer for he's price , don't sell em cheaply private as that will have a knock on effect and the cheap price will become the norm!!!!!!!!!!!!

p

Dont get me wrong,hope they return good prices just think the oil price will have a big effect on all car prices and not just Audis

 

[Iggu]

You should never use your own cash to buy a depreciating asset such as a car - not when the cost of debt is still relatively low in the UK.

The most cost effective way to fund the purchase of your new Audi is to put all your cash into the stock market NOW while prices are nice and low and bully your Audi dealer for as much finance as possible. You can get finance deals under 5.5% through Audi (mine was 4.95% pa last August without insurance) - over the 3 years of your finance deal the stock market will have earned you a return of at least double that on the cash you put into it (ISAs, Unit Trusts, Shares whatever).

The problem people get into is taking out a huge finance deal AND blowing their cash on other stuff. Then you've had it.

You can't (and shouldn't) worry about depreciation - its like worrying about the weather: its out of your hands, is a fact of life and is affected by a million and one things beyond our control.

 

[newbiecrg]

You should never use your own cash to buy a depreciating asset such as a car - not when the cost of debt is still relatively low in the UK.

The most cost effective way to fund the purchase of your new Audi is to put all your cash into the stock market NOW while prices are nice and low and bully your Audi dealer for as much finance as possible.

You have a point there... But sure I have put my money on a depreciatting asset... I wanted it!!

I am not sure if putting my money on a volatile asset is much better though... Or worse giving my money for someone to play on the stock market....

Sure the growth in the stock market has been steady over the long run.... but you can loose it like that! Only if you are an investor for the long term and with extra monopoly money you should go on the stock market... I don;t understand the game so I am not playing it!

Pedro

 

[Iggu]

I am not sure if putting my money on a volatile asset is much better though...

Pedro

The stockmarket is less volatile than my S3 - and you know how rock solid they are !

 

[newbiecrg]

The stockmarket is less volatile than my S3 - and you know how rock solid they are !

Tell that to the Enron investors..... rock solid company!

Also I never saw my S3 as an investment....

Like I said... if you know how to play the game... fine! I don't so I don't play it... And I am not paying for anyone to play it for me...

Pedro

 

[PaulAr]

If you finance you car, even at excellent rate of 4.9%, you are still using your own money and therefore still putting money into a depreciating asset.
You simply cannot buy a car, cash hp or other wise without an outlay, whichever way you look at it, its just different methods suit different people circumstances.

I take the point that our money could be better spent on ISAs etc. However my parent would beg to differ at the minute, in the last 3 years there ISA is worth 2K less than if they had stuffed the cash in a box in the attic! Ok, this may not be representative of everyone experience but its food for thought.
Theres just no guarantees, unless you spend your dough on something you like then you are guaranteed to get a return....fun!

cheers
Paul

 

[Iggu]

Dead right - we're all in it for the fun and we're all spending a LOT of money on something that loses its value (but it doesn't keep us awake at night).

The OP was about the least costly way to do it - and using your money wisely. Investing lump sums of cash into a rising stockmarket using tax free methods is definitely wiser than investing that lump into something which will CERTAINLY lose its value.

Appreciate there are different points of view but that's the accountants view.

 

[phantom]

You should never use your own cash to buy a depreciating asset such as a car - not when the cost of debt is still relatively low in the UK.

The most cost effective way to fund the purchase of your new Audi is to put all your cash into the stock market NOW while prices are nice and low and bully your Audi dealer for as much finance as possible. You can get finance deals under 5.5% through Audi (mine was 4.95% pa last August without insurance) - over the 3 years of your finance deal the stock market will have earned you a return of at least double that on the cash you put into it (ISAs, Unit Trusts, Shares whatever).

The problem people get into is taking out a huge finance deal AND blowing their cash on other stuff. Then you've had it.

You can't (and shouldn't) worry about depreciation - its like worrying about the weather: its out of your hands, is a fact of life and is affected by a million and one things beyond our control.

You are right , but only if you can afford 30k over 3 years out of your wages , thats £833 per month before intrest.

I couldn't afford that sort of outlay every month on top of mortgage , bills , ect , ect .

p

 

[dipstic]

Well I have just put mine on Pistonheads, and although to me its seems cheap did my checks again,used Audi website and they have a few ,same year,same spec for around £25500 so minus dealers profit and to possibly entice a private buyer I think my price is about right.
Although I dont need to sell it I have tried to price it correctly to sale.
Sorry if hijacking OP thread

 

[phantom]

Well I have just put mine on Pistonheads, and although to me its seems cheap did my checks again,used Audi website and they have a few ,same year,same spec for around £25500 so minus dealers profit and to possibly entice a private buyer I think my price is about right.
Although I dont need to sell it I have tried to price it correctly to sale.
Sorry if hijacking OP thread

Why you selling Dipstic? what cars next?

How much was the drealer offering for it? , i think it's a little low as you could get knocked down to as little as 22.5k.

Sorry for all the questions mate.

p

 

[Iggu]

You are right , but only if you can afford 30k over 3 years out of your wages , thats £833 per month before intrest.

I couldn't afford that sort of outlay every month on top of mortgage , bills , ect , ect .

p

Me neither mate (if only). Fortunately I had my A3 to trade in for £13.5 (4 year old 3.2 with DSG) so I had to fund £16k myself.

I know some nutters who live in rented flats and spend £800+ per month funding ownership of 911s and things. Madness.

 

[PNH80]

I am seriously considering selling my car and going down the lease hire route. I'm increasingly failing to see the point of owning your own car or what you actually gain from it.
I don't think tying money up in something which depreciates as fast as a car is wise at all.

 

[PaulAr]

Me neither mate (if only). Fortunately I had my A3 to trade in for £13.5 (4 year old 3.2 with DSG) so I had to fund £16k myself.

I know some nutters who live in rented flats and spend £800+ per month funding ownership of 911s and things. Madness.

Good point, Im at that point where I couldnt justify to myself spending any more than I have on car. Other wise I would consider myself as having `too much` disposable income (and I dont !!) and should be thinking about investments or house move etc.
But thats purely a personal thing and will vary radically from person to person.
£800+ per month on a car !! Madness indeed, in my world...


cheers
Paul

 

[PaulAr]

I am seriously considering selling my car and going down the lease hire route. I'm increasingly failing to see the point of owning your own car or what you actually gain from it.
I don't think tying money up in something which depreciates as fast as a car is wise at all.

I would be interested in hearing how you get on and what options are around. It may be something I consider at a later date.

cheers
paul

 

[PNH80]

I would be interested in hearing how you get on and what options are around. It may be something I consider at a later date.

cheers
paul

Well lets think about it.... I wouldn't be putting down a massive lump sum like i have on my own A3, depreciation isn't my problem either.
So i'd be paying the same as i do now for probably a better car, over a shorter more flexible period. Fine, i don't own the car but i'm not putting all my money into it so i don't care.

The figures some of the guys have posted on here are unreal. I wouldn't sleep at night!

 

[Amchlolor]

So i'd be paying the same as i do now for probably a better car, over a shorter more flexible period.

I noted there were places doing S3's for £440 a month on 2 year PCH.
I've decided my wife's current car will be the last 'traditional' purchase we will do too.
It's costing me around £220 for the loan on it.
I can lease one for £140 a month.
£220 a month would get me a surprising choice of cars, if I decided to keep the payments at the same level.
For example, £220 a month would get us/her a new Mazda6, a very good spec Mini, Nissan Qashqai, an Audi A3 sportback special edition or any number of Seat models.

Have a look at www.tilsungroup.com

 

[PNH80]

Cheers Bowfer, I just think in this economic climate i'm tired of 'investing' my own money into cars. It's only short term ownership of a metal box in reality so why **** all your money away on it?!
£440 (incl. VAT) a month and give it back hassle free after 2 years for a new model will do me just fine thanks!

 

[mdre83]

I've never loss that amount on a new car. Saying that, I've always had TDIs, which keep there value slightly longer.

I think I'll stick to purchasing a "new" A3 TDI at the back end of the year, want to keep my monthly payments too around the £300 mark.
Need to talk to Audi to see what they will offer and to work out a deposite neeeded to acheive this.

Some of us can only dream of a loss of £11K over 3 years. I reckon mines depreciated that much in the 15months I've had it.

J.

 

[Amchlolor]

£258 a month + VAT (£303.15 total) PCH for a Lexus IS220D is a cracking deal on that Tilsun website.
They must have rock solid residuals for them to offer that.

 

[PNH80]

Thing is Bowfer, i'm increasingly unwilling to tie myself down to any financial commitments unless i HAVE to. Some people consider a car as an important investment....I don't anymore.
I love cars (obviously) but i don't feel the need to actually own one anymore. I just want a cracking motor with no hassle which i can hand back after 2 years for a brand new model without having to battle with dealers etc.
The S3's are a good deal but I'm even considering an A5 3.0TDI or 335d coupe. Yes, the monthly payments will be more than i currently pay but i'm not putting down £X thousands of my own money before i can drive away.
The more i think about it the more sense it makes.
I understand some people enjoy actually owning their car and consider it 'dead' money to rent anything, car and houses especially but i think times are changing.

Paul.

 

[Amchlolor]

car and houses especially but i think times are changing.Paul.

Totally agree.
I 'accept' that I will always be paying for a car.
I can never see a time where I own a car for so long the payments stop and it becomes 'mine'.
I simply don't want to own a car that long, I can't be ***** with repairs/maintenance.
So, quite honestly, I've been a bit of a fool ignoring PCP/PCH for as long as I have.

The only people that have to worry about PCP/PCH are people who don't look after their cars.
They can face hefty 'final bills' when they hand it back.
But I've never seen any evidence of that on here, we all look after our cars.

 

[marriedblonde]

I've never loss that amount on a new car. Saying that, I've always had TDIs, which keep there value slightly longer.

I think I'll stick to purchasing a "new" A3 TDI at the back end of the year, want to keep my monthly payments too around the £300 mark.
Need to talk to Audi to see what they will offer and to work out a deposite neeeded to acheive this.

It's nothing to do with it being a petrol, its more a case of it being more a expensive car so percentage wise it's not as high as it sounds and also it's lost money as I do so many miles a year.

I've not really lost that much either as I am self employed so the tax man picks up a fair chunk of the depreciation.

Horses for courses really, my 2 year old A3 2.0Tdi S-line has been my worst money loosing car percentage wise so far.

J.

 

[marriedblonde]

Thing is Bowfer, i'm increasingly unwilling to tie myself down to any financial commitments unless i HAVE to.

But if you go the lease route will you not be tieing yourself into a 2 or 3 year contract?

I think they are a good idea but I prefer personal purchase as I can swap and change as I see fit. If I was to lease a car I am effectively stuck with it for the period of the lease or buy myself out of it.

Plus I am assuming those lease figures are for low mileage. as soon as you start to declare 35-40K a year the figures will rocket.

For my wife a 2 year 10K miles a year deal may very well make sense next time round.

J.

 

[marriedblonde]

Totally agree.
I 'accept' that I will always be paying for a car.
I can never see a time where I own a car for so long the payments stop and it becomes 'mine'.
I simply don't want to own a car that long, I can't be ***** with repairs/maintenance.
So, quite honestly, I've been a bit of a fool ignoring PCP/PCH for as long as I have.

I agree I will always be paying for cars, I'd love to be able to keep a car for 3 years let alone longer. I dont think I have been a fool ignoring the lease option, i dont think it would be viable for me but for Claire it is definately an option I will look into when she's bored with the ml.

J.

 

[Kontraband]

we've had this finance v non finance thread before.. and yeah, horses/courses.

I dont want this car in 3 years, I want a new one... on top of that, I just wanna drive it... I dont wanna **** about paying for service here, tyres there, increase in tax yadda yadda yaddda. I just view it as a rent. Its my car. I drive it, people call it my car, and thats it. For me, its the perfect scenario. If I want to get out then I can just buy it and sell it on but really I'd never be interested in that. Its not like I'd ever make any money on it... I'd buy things like houses, not cars. *although house market is a bit suspect too at the moment!*


Edit>> Didnt realise this thread ran to 2 pages, and I know agree with Bowf!

 

[Amchlolor]

Yes, MB, if you're a 'serial changer' then PCH/PCP is not for you.
We tend to keep our cars for the duration of the warranty though, so ideal for us.

 

[Kontraband]

FYI MB, my last BM was on a 30k lease on a 120dSE the day they were launched and fully maintained

Came in at £440 a month with £1200 deposit

 

[PNH80]

But if you go the lease route will you not be tieing yourself into a 2 or 3 year contract?

I think they are a good idea but I prefer personal purchase as I can swap and change as I see fit. If I was to lease a car I am effectively stuck with it for the period of the lease or buy myself out of it.

Plus I am assuming those lease figures are for low mileage. as soon as you start to declare 35-40K a year the figures will rocket.

For my wife a 2 year 10K miles a year deal may very well make sense next time round.

J.

What you're saying is right but for me it's very low risk. I'm happy to be tied into a 2 year lease because i think it's foolish to shop a car in after any less than that anyway for fear of losing big bucks.
I look after everything i own so the car will be mint when i hand it back. I probably do about 7K a year so again....nothing to worry about.

As Bowfer says, i also have been foolish to ignore this for as long as i have. I've always just accepted, you buy a car, drive it for 2/3 years then sell it, buy another and so on...

My saving grace is that i haven't had the car for too long and just browsing on the Audi approved, i haven't lost too much money as it stands.
So now might be the time to sell the car privately, settle the finance and go lease hire. I'm in the process of becoming self employed so to free up my remaining money in the car and put it to better use is very wise in my opinion!

 

[Kontraband]

if you go self employed its can be a bit more difficult to get the lease if you are just starting out... still not hard mind, just more difficult than it needs to be. On the flip side, youge the business rate, which is normally the rate you see advertised.

As with anything, shop around, hit the net, print out the top 3 deals and then take it to the dealers and make them break down to beat it.

 

[PNH80]

if you go self employed its can be a bit more difficult to get the lease if you are just starting out... still not hard mind, just more difficult than it needs to be. On the flip side, youge the business rate, which is normally the rate you see advertised.

As with anything, shop around, hit the net, print out the top 3 deals and then take it to the dealers and make them break down to beat it.

Well this is the thing, i'm not self employed ...yet. So i'd have no problems getting the lease as i stand.

Will different lease companies compete to lower their monthly rates to get your business??.....Hmm :icon_thumright:

 

[davemk]

£258 a month + VAT (£303.15 total) PCH for a Lexus IS220D is a cracking deal on that Tilsun website.
They must have rock solid residuals for them to offer that.

The Lexus is being on a few sites at cracking prices. For example, Lings are offering it at £249 + VAT. As a registered business, I could even re-claim half of the VAT, which makes the lease £270pcm. That's a lot of car for the money! Not sure if I'm old enough to drive one though!

 

[Kontraband]

Well this is the thing, i'm not self employed ...yet. So i'd have no problems getting the lease as i stand.

Will different lease companies compete to lower their monthly rates to get your business??.....Hmm :icon_thumright:

Hell yeah... the will always compete. As will the dealers with the net quotes.

When I wored at a major car lease provider, we always used to shift the prices...

 

[PNH80]

Hell yeah... the will always compete. As will the dealers with the net quotes.

When I wored at a major car lease provider, we always used to shift the prices...

Thats brilliant, cheers for that.
Definitely going to crack on and get a finance settlement on my car and look to advertise it ASAP. Should be good for £18-19K in a private sale.

 

[Amchlolor]

Spookily enough, I've just asked for a settlement figure on the wife's car too.

 

[Kontraband]

Just make sure you get ALL the pricing in before you make any decisions.

Look out for things like the admin fees added for 'managing' the maintenance package, whether road tax is included for all years of the lease, things like that...

 

[Amchlolor]

Just goes to show, doesn't it.
If you see your neighbour with a brand new Lexus, you assume it must have cost him a bit.
In reality, he might be a very astute person paying under £300 a month...
Crikey.

FWIW, I wouldn't go full maintenance.
I found it too restrictive on previous cars.
They decide what tyres to fit etc.
So you end up, as I did with my A4, with a different tyre on each wheel, depending on which one was cheapest that week.
They were all the same brand, but different types.
Feck that.

 

[davemk]

Just goes to show, doesn't it.
If you see your neighbour with a brand new Lexus, you assume it must have cost him a bit.
In reality, he might be a very astute person paying under £300 a month...
Crikey.

FWIW, I wouldn't go full maintenance.

It does indeed.

Lingcars advise that the maintenace packages aren't worthwhile as the cars are covered by warranty so servicing and tyres are (should be) all that is required