Change or not to change
- Thread starter Pook
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Agree Doc.
As you may recall from the A5OC forum, I got my previous car, brand new S5 Black Edition cheaper than a 1 year old S5 non-BE simply down to the interest rates available.
Yea exactly the same for me. Mine was £38.5k after discount and there were 1yr old 5k miles S5s on the forecourt for £41k...
Yea the interest on second hand does worry me, and like you say might even be worth asking the question on going new again. Maybe thinking if I went second hand try and get a loan at lower rate and effectively buy it cash. So sell private, get car loan, go second hand, might not be too bad. (Problem with new though is no sepango lol)Ah OK.
Basically it's no different to cash purchase in that the amount he's lost is the depreciation. He's also paid a hefty amount of interest on the finance as well. Probably around £1k by 11months.
So as with a cash purchase the two important figures are what price he got for the car after discount and the amount he can get at trade in for it now.
Might be a way for him to get a deal on a new S3 without putting down more or going up substantially in monthlies if he got a decent discount on the diesel and can get a good discount on an S3.
I've been looking at used car PCP and the interest is so extortionate that you might as well go new, as over the term, you will likely pay a similar amount. Unless you buy the used car with cash, then obviously you pay less and lose less on depreciation than a new car.
Then OP might as well ask the question at his local dealer
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My discount is tricky to work out cos I started in another car but then it got rejected cos loads of problems and they replaced it and started again. (I got some compo in various forms). I think if I remember it was around the 10% mark in discount my finance is on, which isn't massive but it's something I guess.Ah OK.
Basically it's no different to cash purchase in that the amount he's lost is the depreciation. He's also paid a hefty amount of interest on the finance as well. Probably around £1k by 11months.
So as with a cash purchase the two important figures are what price he got for the car after discount and the amount he can get at trade in for it now.
Might be a way for him to get a deal on a new S3 without putting down more or going up substantially in monthlies if he got a decent discount on the diesel and can get a good discount on an S3.
I've been looking at used car PCP and the interest is so extortionate that you might as well go new, as over the term, you will likely pay a similar amount. Unless you buy the used car with cash, then obviously you pay less and lose less on depreciation than a new car.
Then OP might as well ask the question at his local dealer
I'm in a similar boat except that I definitely don't want an S3 to follow.
What exactly are the legalities of selling a car privately that isn't yours to sell?
What exactly are the legalities of selling a car privately that isn't yours to sell?
Don't think audi finance care as long as they get their money lol.
You can sell it as long as the buyer is aware that is on finance and trusts that you will settle the outstanding finance upon sale....
It's certainly tricky, which is why most sell it at trade price to a garage.
You could take the loan out, pay off the finance, sell it privately and use the money to buy the next car. That's what I'm thinking of doing.
Problem is if you don't sell the car...!
I'm pretty sure you're legally obliged to pay off the finance company before you can sell the car, but, as said above, VWFS probably wouldn't care as long as they get the dosh owed to them.
The flip side is, if I was the buyer, I wouldn't be buying a car which technically hadn't had the Finance paid off.
Definitely wouldn't be handing the cash directly to the seller, there are so many stories about people buying cars in good faith and then having them repossessed!
Oh yea absolutely.
I would be looking to clear the finance, get confirmation that it's all cleared and wouldn't appear on a HPI check, then put it up for sale.
Just be a bit nervous if you don't get any buyers...!
The person that was buying my car would have transferred the money into my bank account then l would pay off the finance to Audi all in a matter of minutes, Evans Halshaw bought my last car, they paid me by cheque, cashed the cheque paid off the finance via Audi, my son dealt with it all
PanamaS3
Registered User
i think you used to be indecisive and now you are not really sure lol
That's why if your buying the car you pay the finance off yourself directly once a sale has been agreed, I've done this many of times
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That's the way I'd want to do it, pay the finance off directly and give the seller the balance (if any)
I didn't think you could...?
And as a seller, I would be worried about them not doing it...!
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The company I used to work for worked on behalf of several insurance companies, we dealt with total loss claims amongst other things. In the case of a total loss it was the company I worked for who who paid the finance off with any remainder going to the insured. The insured had to give permission for this so it is doable, if the seller didn't agree I'd simply walk away.
Yes I agree, but I remember reading from a member that VWFS wouldn't accept funds from another private buyer to clear the finance, it had to be the named person on the finance? Could be wrong.
I would imagine companies are different.
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My brother in law also done it thinking about it, he bought a Zafira privately that had finance owing. Paid the balance of the finance to the finance company and gave the rest to the owner, think they may have written a cheque for the finance company, can't remember now.
Once they have paid it off ring the finance company for clearance, they will send you an email instantly saying it's clear
Well that's my mind made up lol, and for the record, the following rant I was fully 100% expecting to have to make, which is a shame really:
Floated the idea of a change to a non-local audi dealer as they had a great spec S3 right up my street - their offer on my current 1yr old A3 was basically 2 fingers in my face lol. 31k list price, 19k offer after 1 1 months lol. Now ok a low offer was to be expected but that was taking the ****. I basically told him where to shove his S3, politely of course. To lose 12k in less than a year and then only a further drop of 5k over the next 3yrs to the gmfv is crazy. To me offering that doesn't make any sense, they have now alienated any chance of me even considering another car anytime soon and so I am more than likely going to just keep my current car and pay off the balloon at the end and be done. If they'd offered me something reasonable 22/23ish I'd have been happy (or not offended at least), and they'd possibly have my business guaranteed for another 4 years. Based on the audi used car config they'd be asking 24/25ish for my car, so they basically want their cake and to eat it. They want to make 4-5k on my car, and then the profit on the car I'm buying too. One or the other like. I'm sure I could have got 20 maybe off them if I'd been at all interested, but when someone sticks their fingers up at me like that, they might aswell be looking in a mirror.
Nuf said.
Floated the idea of a change to a non-local audi dealer as they had a great spec S3 right up my street - their offer on my current 1yr old A3 was basically 2 fingers in my face lol. 31k list price, 19k offer after 1 1 months lol. Now ok a low offer was to be expected but that was taking the ****. I basically told him where to shove his S3, politely of course. To lose 12k in less than a year and then only a further drop of 5k over the next 3yrs to the gmfv is crazy. To me offering that doesn't make any sense, they have now alienated any chance of me even considering another car anytime soon and so I am more than likely going to just keep my current car and pay off the balloon at the end and be done. If they'd offered me something reasonable 22/23ish I'd have been happy (or not offended at least), and they'd possibly have my business guaranteed for another 4 years. Based on the audi used car config they'd be asking 24/25ish for my car, so they basically want their cake and to eat it. They want to make 4-5k on my car, and then the profit on the car I'm buying too. One or the other like. I'm sure I could have got 20 maybe off them if I'd been at all interested, but when someone sticks their fingers up at me like that, they might aswell be looking in a mirror.
Nuf said.
Audi Offered me £24k for my S3 last year, 11 months old at the time car cost me £35k after discount,lessons learnt as like me you'd have to sell privately to make changing cars a viable option mate
Thats absolutely dreadful too! Like i say i don't get it: They've made profit on me buying the first new car, they would make some profit on the trade in, they would then make profit on the new car i moved to, AND they would have my business guaranteed for another 4 years. They know us folk are mugs and like to chop and change, so you'd think they would try hard to accommodate us, but instead those offers alienate us. Don't get me wrong, i know the non-local audi franchise hasn't so far made any money off me cos i bought the first car local, and I'm sure if i went back to my local dealer i would have slightly more joy, but still, he had the chance to make a good wedge had he been sensible, but now he gets nowt. I guess there must just be bigger mugs than me out there who would change under these circumstances lol. Ah well, tbh I'm slightly relived, it has made sure i don't commit financial suicide, and i have made peace with my current car which i do truly love. I think ill break even in about year 3, and by that time hopefully the 8? will be released which might interest me, as like i say, i would never change from my PFL to a FL 8V.
@jassyo06 i shudder even more the more i think about your offer after 11 months. 24k!? Your list price before discount must have been around the 40K mark? Thats shocking, with that spec too! Makes my offer look like steal/deal of the century! Like you've said, you just gotta rise above it.
Like you've said, you just gotta rise above it.Hello guys, I decided to lease an Audi because I believe it is much better choice for me and I found this deal https://dsrleasing.com/car-listings/2017-audi-a4-2-0-tfsi-premium-plus-quattro-awd-lease-479-mo/. Has anyone leased an Audi before? Thanks
