New 2017 S3 in March - Audi discounts?

I did these for years on and off company car schemes and they are the easiest way around it. This time though i went totally different and it works well for me:

I was looking at a B9 S4 and it was coming in about 9k down and 450 a month over 3 years. This was on a special 3% offer before adding any extras.

Thats 36 x 450 + 9000 = 25k for the 3 years

Long story short I got bitten by the RS bug every time i went to a dealer and ended up buying a 1 year old B8.5 RS4. No pcp just good old fashioned cash down and borrow the difference over 5 years.

So i split it 50/50 but that would make the sums harder so assume i put 9k down same as the offer on the s4 and borrowed 31k. 31k over 60 months on 7% is £631 a month. (I did 60 months to put this in roughly the same bracket as the 450 on the S4 - remember no options)

After 3 years i would have already paid 36 x 613 = 22k plus the 9k so I'm in it for 31k.

I would also still owe 14k on the 60 month loan.

The thing is the car is easily worth £25k at this point so i pay the loan leaving me 11k, take my original 9 back making my outlay so far 22k and then the extra 2 on top so it has cost me £20k

20k for 3 years in a fully loaded 1 year old RS4

25k for 3 years in a new S4 with no options on

And this is being really conservative with the future value to play it safe. Good 8 year old RS4s are going for over 20k and the one in the above example would only be 4 years old.

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DeanoC said:
I did these for years on and off company car schemes and they are the easiest way around it. This time though i went totally different and it works well for me:

I was looking at a B9 S4 and it was coming in about 9k down and 450 a month over 3 years. This was on a special 3% offer before adding any extras.

Thats 36 x 450 + 9000 = 25k for the 3 years

Long story short I got bitten by the RS bug every time i went to a dealer and ended up buying a 1 year old B8.5 RS4. No pcp just good old fashioned cash down and borrow the difference over 5 years.

So i split it 50/50 but that would make the sums harder so assume i put 9k down same as the offer on the s4 and borrowed 31k. 31k over 60 months on 7% is £631 a month. (I did 60 months to put this in roughly the same bracket as the 450 on the S4 - remember no options)

After 3 years i would have already paid 36 x 613 = 22k plus the 9k so I'm in it for 31k.

I would also still owe 14k on the 60 month loan.

The thing is the car is easily worth £25k at this point so i pay the loan leaving me 11k, take my original 9 back making my outlay so far 22k and then the extra 2 on top so it has cost me £20k

20k for 3 years in a fully loaded 1 year old RS4

25k for 3 years in a new S4 with no options on

And this is being really conservative with the future value to play it safe. Good 8 year old RS4s are going for over 20k and the one in the above example would only be 4 years old.

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Click to expand...

Yea but 3% discount on a new S4 is pants...You can already get around 15% without much work...

With £9k deposit you can get a boggo S4 for £260pm, so thats £18k, and its feasbile to think the S4 would be worth a good £2k more than the quoted £22k GFV, so now you're approaching £15k....

But yes I see your point :) Issue is not most people can get approved for £31k loan..and £600+ per month is a large chunk and would hurt most peoples affordability when looking at mortgages etc.
 
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DrEskimo said:
Yea but 3% discount on a new S4 is pants...You can already get around 15% without much work...

But yes I see your point :) Issue is not most people can get approved for £31k loan..and £600+ per month is a large chunk and would hurt most peoples affordability when looking at mortgages etc.
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Sorry 3% apr on the finance.

You're right 31k is a big loan. I made that up to match the numbers. I did 20 down and 20 over 36 months. 617 a month and 17k all in over the 3 years if you flog it. Obviously it is all scalable depending on the cars, deposits and terms in question. The other thing is it only really works on cars that deprecate slower than you pay the money back.

Would not work for many but maybe a few.

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DeanoC said:
Sorry 3% apr on the finance.

You're right 31k is a big loan. I made that up to match the numbers. I did 20 down and 20 over 36 months. 617 a month and 17k all in over the 3 years if you flog it. Obviously it is all scalable depending on the cars, deposits and terms in question. The other thing is it only really works on cars that deprecate slower than you pay the money back.

Would not work for many but maybe a few.

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Click to expand...

Ah apologies. Yea the low interest on the A/S4 make them very appealing!
 
jassyo06 said:
Adding a lot optional extras on a pcp deal.... yer in there for the duration
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I know I've put 4K of extras on my new s3 so will be a good test to see how much extra I can get for it in 6 months vs a boggo one.
 
It also depends when you are buying for the availability of the discounts.

I got my 8V S3 when they first came out and discounts were non existent.
If possible, I try and get a car early in its production. No discounts - but sought after 3 years later.
I then budget anything above 50% back from purchase price as ok.
S3 cost £32k and px for £19.5k after 3 years...so quite happy with that.
Could have got 2/3rds back with a private sale.

However, it was sold while it is still (ignoring the facelift) the current model......and that makes a big difference at resale.

If you buy an outgoing model - the discounts will be large - but resale not as good as it will look old fashioned against the latest model in a few years.

It's also being forecast that overseas manufacturers will have to increase prices by up to 5% this year because of Brexit.
https://www.ft.com/content/5773f280-5412-11e6-9664-e0bdc13c3bef

And any car over £40k is going to be hit with the higher road tax from April for 5 years.

I could well see a £50k car costing a good few £k more to own in 6 months than now.
 
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Not sure if this was a good deal, however it was better than what I was originally offered.

On the road price was £37,070, I put in 2.5k, have a guaranteed min value of £16500. Over 48 months I'm paying £350 pm.

So by my calculations I'm paying, 16,800 over 48 months + 2500 deposit + 16500 gmv= £35800.

Originally they wanted £400 a month with £5800 down.

Edit:Think we got about 4200 off the list price looking back at my emails, honestly that week I just heard white noise and nodded my head a lot.
 
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Tristan2 said:
What options do you have?
Click to expand...
B&O sound system, privacy glass, front and rear parking sensors, super sports seats and vegas yellow paint.

Oh and S-Tronic gear box
 
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deanshaw24 said:
I know I've put 4K of extras on my new s3 so will be a good test to see how much extra I can get for it in 6 months vs a boggo one.
Click to expand...
Me too! I reckon 6 months down the line and we would be lucky to get £1000 of that back
 
Milnesafc said:
Not sure if this was a good deal, however it was better than what I was originally offered.

On the road price was £37,070, I put in 2.5k, have a guaranteed min value of £16500. Over 48 months I'm paying £350 pm.

So by my calculations I'm paying, 16,800 over 48 months + 2500 deposit + 16500 gmv= £35800.

Originally they wanted £400 a month with £5800 down.

Edit:Think we got about 4200 off the list price looking back at my emails, honestly that week I just heard white noise and nodded my head a lot.
Click to expand...

Hey Milnesafc,

Currently looking into deals for cars pretty much identical spec (fully loaded - Virtual Cockpit, Super Sport Seats, Sunroof, Parking Assist Plus, B+O, S-Tronic etc...) + price to yours, just wondering how you managed to get down to £350 pm ?

Which Audi did you get the car from, may have to go there as Cambridge (my local dealership) want nearly £520 pm for a £36990 car with a £2.5k deposit :puke:!

Cheers,

J
 
Jay_Jordan said:
Hey Milnesafc,

Currently looking into deals for cars pretty much identical spec (fully loaded - Virtual Cockpit, Super Sport Seats, Sunroof, Parking Assist Plus, B+O, S-Tronic etc...) + price to yours, just wondering how you managed to get down to £350 pm ?

Which Audi did you get the car from, may have to go there as Cambridge (my local dealership) want nearly £520 pm for a £36990 car with a £2.5k deposit :puke:!

Cheers,

J
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Originally we were going to car the car from Sunderland as it was a showroom model, however they quoted me 400 pm and 5800 deposit. Got a quote through car wow, left out a few of the optional extras compared to the one at Sunderland. Bolton Audi came back with 2500 deposit and 350 pm, Sunderland Audi wouldn't do a deal at that price so I rang Newcastle Audi who were happy to match the price and end up getting a few extras included compared to Boltons quote. Day later Sunderland Audi rang trying to match the deal but had already pulled he trigger with Newcastle.

I would go back and say you've been quoted 400 pm and 2.5k down from Bolton Audi and see if they match it.
 
Milnesafc said:
Originally we were going to car the car from Sunderland as it was a showroom model, however they quoted me 400 pm and 5800 deposit. Got a quote through car wow, left out a few of the optional extras compared to the one at Sunderland. Bolton Audi came back with 2500 deposit and 350 pm, Sunderland Audi wouldn't do a deal at that price so I rang Newcastle Audi who were happy to match the price and end up getting a few extras included compared to Boltons quote. Day later Sunderland Audi rang trying to match the deal but had already pulled he trigger with Newcastle.

I would go back and say you've been quoted 400 pm and 2.5k down from Bolton Audi and see if they match it.
Click to expand...

Thanks for the advice, I will try this as I have got about 5 within 25 miles of me :yes:. Im also looking at an 8V RS3 as well so will do this with both.

Cheeky Audi markups.
 
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Jay_Jordan said:
Thanks for the advice, I will try this as I have got about 5 within 25 miles of me :yes:. Im also looking at an 8V RS3 as well so will do this with both.

Cheeky Audi markups.
Click to expand...
Hope you get sorted mate, let me know how you get on.
 
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jassyo06 said:
don't add silly options like self parking ir adaptive cruise control.... Just the ones that matter bang&olufsen
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What's "silly" about adaptive cruise control? It's a great option imo. Takes all of the stress out of motorway driving.
 
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I managed to renegotiate my order yesterday.
Retail price £43,005.00

S tronic ara blue saloon.

Originally I was given a discount of
£986.67 and a dealer contribution of £500 with a PCP apr deal of 6.7 %
With a £8000 deposit I was getting monthlies of £450 for 48 months with a final payment of £17,000.

Went in to have a little moan after reading what other people managed to get on their pcp deals on here, and I walked out with a slightly better deal. Not amazing, but I am some what happier.

Still at £986.67 discount with an increased dealer contribution now at £800, and the new campaign pcp apr of 4.9%.
I took a 15k loan out with tesco at 3.2% and increased my deposit to 50%, which helped reduce the interest that little bit more.
New monthlies are £250 for 36 months with a final payment of £15.5k.
Added with the £350 (£350 × 48 = £16.8k) for the 15k borrowed from tesco, the overall cost per month has increased, but the term is 12 months shorter with audi, with a slightly lower final payment.
I think overall I saved myself 2k doing it this way.
 
I had a car I bought outright on finance. Had it 5 years. Started costing me money... I wanted out.. went an got an A3 sport back on pcp, 2 years down the line the garage called me and offered me a trade up. I bit their hand off.. they settled the outstanding an used the car with a small deposit towards an S3. Which I'm now waiting for build.. in two years time no doubt they'll want me in another new one... I'm sure I'll oblige..

Granted you 'lose' the deposit. An you're technically renting. But hey.. it's a fully loaded S3... I'm happy
 
deloolney said:
Awesome feedback people! I really appreciate it.

I have my spec ready and have already had a couple of discounted quotes from CarWow, for ammo.

(I'm aiming for the A3, Sportback, S Tronic, with some extras, nothing too fancy). Are the B&O really worth the extra?

Now to try and sell my '62 A3 S-Line Quattro Sportback Black Edition TDi 2.0!
Click to expand...
I have an A3 Sportback - I was determined not to throw money at it so apart from ACC specced nothing. However, the one thing I do wish I had was the comfort and sound pack -£995 - if you are considering the B&O, get the pack as its far better value!
 
The more optional extras you add the longer the period of negative equity you'll be in, there's a certain member on here who got a S3 saloon with no options at all on his car and after only 18 months he's clear of it
 
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jassyo06 said:
The more optional extras you add the longer the period of negative equity you'll be in, there's a certain member on here who got a S3 saloon with no options at all on his car and after only 18 months he's clear of it
Click to expand...
:yes: How,s your 'tanlines' getting on jassyboy ?....lol
 
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pburv said:
:yes: How,s your 'tanlines' getting on jassyboy ?....lol
Click to expand...

Tan lines more like sun burn *** lol weather is really nice 26 not a cloud in sight, it's a German hotel surrounded by them...
 
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jassyo06 said:
The more optional extras you add the longer the period of negative equity you'll be in, there's a certain member on here who got a S3 saloon with no options at all on his car and after only 18 months he's clear of it
Click to expand...
It is a factor however it depends how much discount you get on the car, we got ours for around 31k but has some decent optional extras on. There are lesser spec cars with more miles than mine on auto trader for 32-33k.

Bottom line, spec the options you want but make sure you get a big discount :rockwoot:
 
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audi upgrades
jassyo06 said:
Tan lines more like sun burn *** lol weather is really nice 26 not a cloud in sight, it's a German hotel surrounded by them...
Click to expand...
Should feel right at home then...lol
TravelSupermarket-Holiday-Like-a-German-1080p-3.jpg
 
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Good PCP calculator HERE if you want to change things about and see what it does to the monthlies.
 
Lot of "man maths" in this thread.
 
Well the bullet didn't get bitten, and the man-maths got the better of me (what the hell is wrong with me!?!)

What stopped me was, I couldn't really justify or find the deposit for the next round of PCP (in 2 years time). I wouldn't want to give back a then new S3 and have to downgrade...

But the deal I had was great (I think):

Cost: £36.4k (Final car build code: ADGYB29O)
6k deposit (started at 8k)
Buy back was 17k
Dealer discount was 3k (started at £500)
I think the rate was around 6% (something changed here, maybe started at 6.3/6.5%)
It was basically £301 pm for 24 months (started at £450 pm)

But then adding on the deposit for the next PCP in 2 years, equated to another £200 pm... No can do :(

It's funny though, 'the game' works when you sometimes don't want it to. As I started realising the costs were going further from my ideal, the dealer started to discount more and add include more extras.

Oh well, at least there's some good comments in this thread...
 
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Best quote l got was £400 a month £8k deposit on a £44k S3 saloon but declined it,another £2k deposit on top of the £8k will get me a good specced RS3 with a increase in monthly payment to around £465
 
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CookD said:
What would you consider a reasonable deposit? I've put £3k down but considering putting more in when the time comes to sign the paperwork..

Surely the more you put in the more you save on interest over the term?
Click to expand...

It's money you'll never see again so why put that much in? Unless you are planning to buy the car at the end of the term?
 
OllieT said:
It's money you'll never see again so why put that much in? Unless you are planning to buy the car at the end of the term?
Click to expand...

If I had a penny for every one of these comments I have replied to in PCP threads on here I would be rich by now....

Its not a deposit, its just an upfront payment to adjust your monthly amount. Add up the deposit and all the monthly payments. It will be roughly the same regardless of how much you put down upfront.

It's all lost money I am afraid...The car doesn't suddenly cost less because you put in a smaller deposit (on the contrary actually, it costs a little bit more as you are borrowing more).
 
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Depreciation + interest.

That's about it.
 
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DrEskimo said:
If I had a penny for every one of these comments I have replied to in PCP threads on here I would be rich by now....

Its not a deposit, its just an upfront payment to adjust your monthly amount. Add up the deposit and all the monthly payments. It will be roughly the same regardless of how much you put down upfront.

It's all lost money I am afraid...The car doesn't suddenly cost less because you put in a smaller deposit (on the contrary actually, it costs a little bit more as you are borrowing more).
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Buuut! Who keeps the car for the full term? If you weigh up a large upfront payment and compare with the full term payments then I agree it is roughly the same. Put less in, swap the car mid term or 70% in and put the onus on the dealer to sell you a new car which they undoubtedly will want to. When you subtract a full year or two's worth of payments versus your upfront high payment, this is when you see the large upfront is a waste of money. Yes the dealer will take in to account the upfront but it's so negligible on a high cost car that rapidly deteriorates in value. I've done this both times ways and I will never put more than £500 upfront, I'll take the £50 more per month rental and lean on the relationship wth my Audi dealer who always uses contributions to offset the gap come new car time. Just personal experience but this is reality, don't front load these deals the money is better off used elsewhere or in your pocket !
 
OllieT said:
Buuut! Who keeps the car for the full term? If you weigh up a large upfront payment and compare with the full term payments then I agree it is roughly the same. Put less in, swap the car mid term or 70% in and put the onus on the dealer to sell you a new car which they undoubtedly will want to. When you subtract a full year or two's worth of payments versus your upfront high payment, this is when you see the large upfront is a waste of money. Yes the dealer will take in to account the upfront but it's so negligible on a high cost car that rapidly deteriorates in value. I've done this both times ways and I will never put more than £500 upfront, I'll take the £50 more per month rental and lean on the relationship wth my Audi dealer who always uses contributions to offset the gap come new car time. Just personal experience but this is reality, don't front load these deals the money is better off used elsewhere or in your pocket !
Click to expand...

I'm with DrE on this one. If you swap early then you are surely going to benefit from equity in the car due to the high up front payment? ie settlement fee on you existing vehicle will be far lower due to less being borrowed. A low deposit could result in negative equity on the vehicle until close to the end of the term. I also struggle to see the reason for paying 5% + interest on borrowing while having funds available in a savings account that are earning less than 1%. However I would say that there is not really any right or wrong and its down to whatever is best for each individuals circumstances but whatever way it's done the car will cost you!
 
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OllieT said:
Buuut! Who keeps the car for the full term? If you weigh up a large upfront payment and compare with the full term payments then I agree it is roughly the same. Put less in, swap the car mid term or 70% in and put the onus on the dealer to sell you a new car which they undoubtedly will want to. When you subtract a full year or two's worth of payments versus your upfront high payment, this is when you see the large upfront is a waste of money. Yes the dealer will take in to account the upfront but it's so negligible on a high cost car that rapidly deteriorates in value. I've done this both times ways and I will never put more than £500 upfront, I'll take the £50 more per month rental and lean on the relationship wth my Audi dealer who always uses contributions to offset the gap come new car time. Just personal experience but this is reality, don't front load these deals the money is better off used elsewhere or in your pocket !
Click to expand...

What BigBill says.

You may have an argument with the dealer giving you a better trade in with negative equity (i.e. More likely to increase trade in value to get you at zero), but negotiating a next deal is highly variable and trade in, discount, the next car, etc all highly influence this, so I'm not convinced...

But I don't agree the money is better in your pocket. If you have £10k but only put £2k in the deal, you are effectively borrowing £8k from Audi at their APR rate, which is 6.9% on an A/S3. You will not see this return in savings, and you can borrow this money at half the rate with a bank...

As Bill says, do whatever works for you, but have no illusion that either way, it's going to cost you in depreciation and interest...!
 
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The first 2 years of interest is really a eye opener l have just past that 2 year post, then a it's a prelude to the next viscous circle of another pcp deal... But l suppose liking the car a lot helps...lol S3 for another 6 months and then it's hasta la vista's baby.....
 
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Buy a car with high residuals - that's the real smart move.
If you had financed a 911 GT3, M3CSL or BMW 1M any way you wanted - you would now be laughing.....even if the monthlies were high.

And don't tie yourself in to one brand.

And make sure you actually own something when the PCP merry go round stops. Or you lose your job/retire.
 
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Soulboy said:
Buy a car with high residuals - that's the real smart move.
If you had financed a 911 GT3, M3CSL or BMW 1M any way you wanted - you would now be laughing.....even if the monthlies were high.

And don't tie yourself in to one brand.

And make sure you actually own something when the PCP merry go round stops. Or you lose your job/retire.
Click to expand...
Good advice. Although, have you noticed how these new cars with high residuals are hardly ever really a practical everyday proposition? And often you need to keep them far longer and use them far less than is strictly desirable. A friend of mine had his pants pulled down on depreciation when he sold his 3 year old F360 Challenge Stradale, and now he fancies buying another one they're way more than he paid for a new one.

These 'future classics' are a bit hard to spot, and I really don't think any Audi made in the last few years will qualify for the title, but if you do fancy dipping your toe into the market for minimal loss new cars you'd do well to condider the new Alpine A110. If the residuals in the Clio V6 are anything to go by, then this very special little Renault should hold its value quite well. Failing that, buy a Caterham Se7en... they just don't seem to lose money...
 
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l am off into Glasgow Audi for a settlement figure tomorrow,got back from holiday Saturday....and was given some news by my son that may change my plans for a RS3....Damn....cant say more than that....so going to see what they have in stock in Ara Blue with a boot attached to it...if there's one l like...l will be putting my car up for sale instantly
 
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