Finance rates

sunscreemer

sunscreemer

Back with the 4 rings
Joined
Feb 7, 2010
Messages
676
Reaction score
350
Points
63
Morning all - quick question to those who ordered their car on a longish lead time and on a PCP deal...

Did Audi hold you to the interest rate on the deal at the time you signed up, or if the rates have lowered between ordering and collection did you benefit from a lower rate?

Not naive enough to know that rates can go up as well as down so fixing can protect as well as cost you, but interested to know what their policy is. Was about 7.1% APR when I signed up in early March but I notice now it's down to 5.5% and i'm due to collect beginning of September.

Cheers.
 
If it goes down between getting your quote and signing the paperwork a few days before collection you will get the lower rates as that was explicitly pointed out to me. Not sure if it goes up but assume it would then be as per the quote.

1.6% is worth having in your pocket !!
 
When my wife ordered a new Polo last week she was told they would work out the exact PCP contract when the car was ready for delivery although this would still include the £1000 dealer contribution and one year's free insurance that are currently being offered. The salesman also said they certainly change no more than the current finance rate.
 
Rob2k68 said:
If it goes down between getting your quote and signing the paperwork a few days before collection you will get the lower rates as that was explicitly pointed out to me. Not sure if it goes up but assume it would then be as per the quote.

1.6% is worth having in your pocket !!
Click to expand...

Sure is mate. I'm not trying to make this a one sided argument as I fully understand and appreciate if they honour the rate and won't increase it then it is only fair they reserve the right not to lower it either, but it would be a nice bonus as that % change would actually mean i fell under the self imposed monthly budget that i stretched when i signed up!
 
Should add that the dealer re-submitted my order (at their suggestion) as the original build date kept getting moved forward and meant the car would have been ready far too early for my September collection. They agreed to do so and not pass on any of the cost increases that occurred since I ordered.
 
  • Like
Reactions: Rob2k68
I ordered my car the beginning of this month. Was told if I want the 6.5% rate that is offered at the moment, I would have to sign up before the end of this month. As July is the beginning of their next financial quarter, so there may be a rate change. So I have waited to sign up to the pcp this week, so that if the new rates are lower I can pull out of this PCP and resign on the new one as part of the cooling down period. With what's going on with the Grexit at the moment and the current demand for the A3 saloon (4 months delivery), I have no idea which way the rates will go.
 
I just signed my paperwork today too. Will keep an ear to the ground to see what happens to the offers / apr - as mentioned if it goes down then a cooling off period cancelation will do nicely. If up - then we are quids in (if the dealer doesn't get the **** with me, and refuse to offer it to me in July)!
 
I was told in October when I ordered if they go down they will put the lower rate down when I collect the car. They did go down slightly by March, but I was then told that as my finance deal was 'locked in' if they changed it now my payments may go up because the GFV's had come down from when I ordered and had the original quote...hence more to pay off....it's swings and roundabouts. How long do you keep waiting for a better % to come? sooner or later you just have to say yeah that will do and if it goes up better luck next time.
 
WillC8 said:
With what's going on with the Grexit at the moment and the current demand for the A3 saloon (4 months delivery), I have no idea which way the rates will go.
Click to expand...
Yes - I understand saloon leadtimes had come down. I waited 30 weeks last year!!! Hope they're not getting too common :blahblah1:
 
New lower rates as of today and £1000 dealer contribution, Just down quote on Audi finance for s3. So I will be changing to new deal
 
sbarker said:
New lower rates as of today and £1000 dealer contribution, Just down quote on Audi finance for s3. So I will be changing to new deal
Click to expand...

Can you post the link? - I just had a look and cant find the offers you mention on Audi Finance, no dealer contribution and APR looks the same at 5.5%, I could of course be looking in the wrong place.

Cheers
 
sbarker said:
New lower rates as of today and £1000 dealer contribution, Just down quote on Audi finance for s3. So I will be changing to new deal
Click to expand...
Where did you pick up that information. Had a quick look on Audi UK and it does not appear to be mentioned.
 
Do yourselfquote and then look and you will see contribution included and new dates too.
 
sbarker said:
Do yourselfquote and then look and you will see contribution included and new dates too.
Click to expand...
Well I've just been in to the Audi UK site and done a quote for an S3 and it rate is still 5.5% and no mention of the £1000 dealer contribution. I then saved it as a PDF and printed it and still nothing.
 
I have just gone onto Audi finance calculator and did a quote against an S3 and the there is a £1000 deposit contribution and with my figures the APR rate has changed from 5.5% down to 5.4%.

I've not signed my PCP papers yet so I'll be nabbing this deal for my Sept delivery!!

Good news financially but probably a good indicator a facelift is not too far away.
 
buz said:
I have just gone onto Audi finance calculator and did a quote against an S3 and the there is a £1000 deposit contribution and with my figures the APR rate has changed from 5.5% down to 5.4%.

I've not signed my PCP papers yet so I'll be nabbing this deal for my Sept delivery!!

Good news financially but probably a good indicator a facelift is not too far away.
Click to expand...
It seems it only applies to the 3-door S3. Perhaps they cannot sell enough of the 3-door as most go for the Sportback.
 
Same here I have spoken to dealer already to secure the new rate as my car will be here in 1 to 2 weeks ! Mine is 3dr and got new rate and £1000 contribution - this is on top of the £4K discount I already negotiated result !

I can see no finance contribution on 5dr or saloon but £2.5K on convertible !!
 
Result
I've always preferred the 3dr so to get a further £1000 off on top of my 11.8% discount is a right Brucey bonus!!
 
  • Like
Reactions: veeeight
So I had a quick look on the new offers as well. I've seen a pcp offer for a A3 saloon 1.4tfsi sport manual, where the pcp APR is 5.2%. My saloon on order is the same engine but an stronic sline. The pcp structure is the same but APR is 6.5%. Big difference! So I've asked Audi finance if they can change my APR to match as I only signed last Friday. Let's see what they say...
 
I'm expecting to pick up mine in a couple of weeks, already got a good discount. Do we reckon they will add the £1k deposit contribution at this stage? I ordered back in April - would be great news if so!
 
Jam12 said:
I'm expecting to pick up mine in a couple of weeks, already got a good discount. Do we reckon they will add the £1k deposit contribution at this stage? I ordered back in April - would be great news if so!
Click to expand...
Same situation as you and yes for sure my dealer has said and this is my fourth car from them and they always honour best deal for me.
 
Great news if true! I'll give them a ring in the morning and see what they say. I've already signed the order confirmation with extras, prices ect. - not sure if this will have any bearing, hope not! Cheers!
 
Good news, Audi finance have already come back to me and have reissued the pcp on the lower 5.2%rate. Only difference is the GFV is about £80 less which I can easily live with, compared with the amount of interest I'm saving.
 
I've been back onto the Audi finance calculator tonight and it's now the old June deal back on with no deposit contribution??

Hoping it's a gremlin and the £1000 is still on offer!
 
So the interest when I was making the order was 7.1% as far I can remember but can see online now is 5.10% which is much lower most likely will have to sign up the papers pcp before picking the car this or next week. What i should say to my sales guy? and if he say that is not possible but can see other people have manage to get on the lower anything I can convince him?

-s3 saloon, s-tronic
 
I think you will find the reduced rate only applied to the A3/S3-3 door and not to other models. That was the case when I checked last week and my dealer has just confirmed that in a email.

Obviously they cannot sell enough 3-door models.
 
They must be desperate to offload old A4's, they're doing £5k deposit contribution on those at my local dealer.
 
Hmm strange because in the letters on s3 saloon audi finance calculator in the small letters they say that everyone who has ordered by september and delivered by December can apply to those terms which should be available but not sure what sales man will say but s3 saloon doesnt have contribution deposit as the 3 door s3 but still if can convince the sales guy for lower rate would be a good win.

" Offer available for vehicles ordered by 30th September 2015 and delivered by 31st December 2015 from participating Centres."
 
tektrob said:
So the interest when I was making the order was 7.1% as far I can remember but can see online now is 5.10% which is much lower most likely will have to sign up the papers pcp before picking the car this or next week. What i should say to my sales guy? and if he say that is not possible but can see other people have manage to get on the lower anything I can convince him?
Click to expand...

If you haven't signed any papers for the pcp then you should get the new rate. If you have signed the agreement, i'm pretty sure it would be at the dealer's discretion if he changes the rate for you. Playing devil's advocate, if the rate went up and you signed before hand, you would not be impressed if they moved the rate up.
 
  • Like
Reactions: tektrob
nope I havent signed any papers for PCP a part from order confirmation and the car specification unless if thats the pcp papers. Therefore I was wondering worth a try if could get lower rate as its defiantly worth a try just wasnt sure what/how to ask the sales guy.
 
Tektrob, you should get the new rate then when you confirm the pcp with them. The order confirmation and car spec, if only to do with the actual car, nothing to do with the finance. The PCP agreement would be a separate doc with Audi finance.
 
  • Like
Reactions: tektrob
WillC8 said:
Tektrob, you should get the new rate then when you confirm the pcp with them. The order confirmation and car spec, if only to do with the actual car, nothing to do with the finance. The PCP agreement would be a separate doc with Audi finance.
Click to expand...

I really hope so would be better to be on lower than higher. I guess those papers are getting sorted before collecting the car from dealership which is what the sales guy should give me a shout this or next week to sort out papers before collecting the car. Thanks a lot for the helpful information guys!
 
Am I being daft here.. Where are we seeing 5.1% APR? It's coming up as 5.5% for an S3 HB on the solutions calculator... :sadlike:

I spoke to Audi RE. my order and they offered a £500 deposit contribution from Audi but nothing from the dealer as the discount had apparently taken all of that up - fair enough I guess.
 
Jam12 said:
Am I being daft here.. Where are we seeing 5.1% APR? It's coming up as 5.5% for an S3 HB on the solutions calculator... :sadlike:

I spoke to Audi RE. my order and they offered a £500 deposit contribution from Audi but nothing from the dealer as the discount had apparently taken all of that up - fair enough I guess.
Click to expand...

As I mention above I was talking about s3 saloon not sure what are the rates for s3 HB mate.
 
Ahhh, was indeed me being daft - cheers.
 
Jam12 said:
Am I being daft here.. Where are we seeing 5.1% APR? It's coming up as 5.5% for an S3 HB on the solutions calculator... :sadlike:

I spoke to Audi RE. my order and they offered a £500 deposit contribution from Audi but nothing from the dealer as the discount had apparently taken all of that up - fair enough I guess.
Click to expand...

On the finance calculator it states it's a an Audi deposit contribution so the way I'd see that is that it's not costing the dealer anything. If you've managed to haggle the car price to an agreed value with the dealer then surely the Audi Finance PCP deal should go from there, so their £1000 deposit contribution and APR???
Just make sure it's not the dealer trying to claw back some of the discount they've offered you.
 
You must log in or register to reply here.

Similar threads

sunscreemer
Finance
Replies
1
Views
777
Relliott6879
Relliott6879
Jacob webster23
S3 finance
Replies
4
Views
1K
HawkeyeS3
HawkeyeS3
RYuill
Finance signature
Replies
11
Views
1K
cuke2u
cuke2u
Sprintblu3
Finance options?
Replies
92
Views
9K
h5djr
h5djr
C
S3 Sportback....PCP rates
Replies
28
Views
5K
RAPS3
RAPS3
Top
Back