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Finance options?

Discussion in 'New A3/S3 (8V Chassis)' started by Sprintblu3, Jan 4, 2014.

  1. wills_1990

    wills_1990 Member

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    I would much rather have the money in the bank than put a bigger deposit down. Car specced to £35,520, 3k discount paying £450 a month with 1k deposit, was pretty pleased with that. Balloon payment of 16k.
     
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  3. h5djr

    h5djr Well-Known Member
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    The only problem is that the PCP will always cost more in interest than you can earn with money in the bank at the moment.
     
  4. CraigI

    CraigI Well-Known Member

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    Doesn't have to be about interest, just about having funds in the bank for a rainy day perhaps, rather than tied up in a depreciating asset.
    Personally I'd plough it into paying off any mortgage balance you might have.
     
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  5. PilotAudi

    PilotAudi New Member

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    You can do pretty much what you like on finance. Main issue is about not being left in the **** after 2/3 years ! Beware!
     
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  6. lee_fr200

    lee_fr200 Active Member

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    What are ppl paying on pcp out of interest?

    Cost of car?
    How much a month?
    How many yrs?
    Agreed mileage?
    And what's the guaranteed future value after said time?
     
  7. h5djr

    h5djr Well-Known Member
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    If you are paying for the car over 3 years, according to my calculations you will be paying around £4,300 in interest. Also the balloon payment looks high as after 3 years an A3 is normally worth just over 50% of it's original value. Is you PCP through Audi? Audi normal give a ballon payment of around 42% which on £35,520 would be £14,900.
     
  8. wills_1990

    wills_1990 Member

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    Paying over 4 years, the figure your starting with is not £35,520 but £32,520 which is the discounted price. Plus it's an S3
     
  9. h5djr

    h5djr Well-Known Member
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    But the selling price percentage will always be a percentage of the retail price not the discounted price. The interest calculation was based on paying £32,520 for the car. Again is the purchase through an Audi PCP or is it a company lease deal? If your paying £450 per month for 48 months that is £21,600 + £1,000 deposit = £22,600. This is £5,650 a year for the use of a car you will never own. If you want to own it at the end you will have to pay another £16,000/4 = £4,000 a year. I very much doubt that a four year old S3 will be worth £16,000.
     
  10. PilotAudi

    PilotAudi New Member

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    I would wager a. 4 year old S3 will be worth £16k the 8P is currently! Especially black ones with privacy and tech packs ;-)
     
  11. Pulp84

    Pulp84 Well-Known Member
    Audi S3

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    My dealer did have an 8P S3 Black Edition (61 plate) for £26,000. It was black too! So what's that 2 years old?
     
  12. PilotAudi

    PilotAudi New Member

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    2.5 years. Year 3-4 depreciation is a lot lower than years 1-2 and 2-3
     
  13. h5djr

    h5djr Well-Known Member
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    According to a What Car valuation the trade in price for a 3 year old S3 Sportback is £15,774. I have usually found What Car valuations a bit on the high side and a 4 year old one is going to be less.

    The valuations gives a Dealer selling and Private sale price of £18,004 and £17,510 but I doubt if you would get those figures if you were just handing back a 4 year old car at the end of a PCP. More likely to be the trade-in price.
     
  14. PilotAudi

    PilotAudi New Member

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    Interesting our dealer just sold our 34 month old 8p for £20k (advertised at £21k) the what car price was £15,800!!! Fact. Nice well specified Audis sell for over book price. Colour, spec choice is vital.
     
  15. Pulp84

    Pulp84 Well-Known Member
    Audi S3

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    That's true - my 2 year old A1 185 was book trade in £15k (against £20.8k RRP). So it has held its money very well. I got offered £15.7k from my dealer which was probably inflated but he reckons he can shift it with in weeks for around £18k. Mine is immaculate mind with only 8000 miles. He said there is a strong market for very tidy and low mileage cars at the moment.
     
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  16. h5djr

    h5djr Well-Known Member
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    According to the PCP quotes I had from my dealer using an Audi PCP, the 'balloon' figure seems to be 42% of the original value after three years and 36% after 4 years. I assume there system uses some standard database for each model.
     
  17. h5djr

    h5djr Well-Known Member
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    When I trade-in my car my dealer has usually sold it before he actually gets it!. As you say there is a strong market for well specced Audi's in good condition. Perhaps that is why I get a good trade-in price as well as discount on the new car.
     
  18. PilotAudi

    PilotAudi New Member

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    Just look at audi.co.uk 4 year old S3'SB's being advertised at circa £20k!
    QED
     
  19. h5djr

    h5djr Well-Known Member
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    Yes that's the dealer SELLING price and before he gives the buyer any discount. He would probably sell it for between £18-19k. I've always purchased my cars using cash rather than a PCP. How much of that would person giving back a car at the end of PCP get. Does the PCP person get the full value of what the dealer sells the car for or does the dealer take his cut as well. If so how much.

    What a car is WORTH is not necessarily what a dealer puts it up for sale for in the first instance.
     
    #58 h5djr, Jan 18, 2014
    Last edited: Jan 18, 2014
  20. Daz Auto

    Daz Auto Active Member

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    That's the position I'm in.

    My Golf has £5k worth of optional extras which I'm told will be worth very little at trade-in time. Though I'm sure the dealer would make good money selling them on :/ However, my brother says he wants the car. He knows he will be getting a bargain.
     
  21. PilotAudi

    PilotAudi New Member

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    Options are complex. A new S3 will be expected to have a few bits at resale time, probably rear park / comfort pack as a bare minimum. I doubt resale will be easy with standard music, no Nav ( although SD can be added after)

    We shall see , have always liked toys and generally get some return at sale time .
     
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  23. h5djr

    h5djr Well-Known Member
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    My dealer always says that Options on a used car make the car easier to sell but most don't necessarily increase it's value. The exceptions are generally air-conditioning which tends to be standard these days and leather seats. A car with s-tronic will always be worth more than one without but you generally pay around £1400 for it in the first place. You can see the problem even on ASN. Quite a few members buy a used A3 and then try and add all the options that the car doesn't have.
     
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  24. Pulp84

    Pulp84 Well-Known Member
    Audi S3

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    Not sure if this will hold true but LED head lights I was told by my dealer will be a bit of an expected must have on used S3's in time along with the comfort pack. Guessing technology pack will be the main one.

    Dealer said to me to steer clear on some of the assistance options like lane and side assist. Not sure why though.
     
  25. h5djr

    h5djr Well-Known Member
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    I'm the same I like the some toys on my car (£4600 worth on my current car) excluding s-tronic. It's interesting because on the dealers own demonstrators that I have driven recently which they sell on quite quickly, had virtual no options at all. None have had the Comfort pack or Sat Nav, Xenons, upgraded Music setup or Leather seats. They have all been pretty basic models even the 184 s-tronic quattro. That to me, especially for a demonstrator is rather odd.
     
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  26. PilotAudi

    PilotAudi New Member

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    For a guaranteed ( well more likely) return on purchase price you are generally better off buying a Black Edition or S line version as the RV is based on list price. .
    A base model with 4k plus of Extras will be worth less than a better model with many extras as standard kit !
     
  27. cuke2u

    cuke2u Well-Known Member

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    That's why I've only put £2k into my PCP, my P/X is worth more so I get some equity back towards my next purchase in three years time...
     
  28. h5djr

    h5djr Well-Known Member
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    I purchase a car that I will enjoy driving for the next 3 years rather than one that I don't like purely because it may be worth a bit more when I come to change it. The S-line version has 'bits' that I would not want on my car and most of the options I will choose are also options on the S-Line as well.
     
  29. PilotAudi

    PilotAudi New Member

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    How do you spend so much on options when you admit to no sat Nav and no decent music. That seems excessive!
     
  30. h5djr

    h5djr Well-Known Member
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    Unfortunately quite easily.... on the new 8V I will actual consider spending £4,585 as follows and including a music upgrade!!

    Metallic paint - £525
    Electric lumbar support - £195
    Electric seats - £550
    Comfort pack - £300
    Xenon headlights - £1250
    Audi sound system - £255
    Through load facility - £150
    Storage and luggage pack - £145
    Door mirrors - auto folding heated etc - £250
    Hold assist - £90
    Audi parking system front and rear - £250
    Reversing camera - £275
    Adaptive cruise control - £350

    Options - £4,585
    2.0TDI-184 Sport s-tronic quattro - £27,905
    Grand total = £32,490 less discount

    I may go for the Aluminium roof bars if I have Silver as the colour and I may decide not to have the Storage and luggage pack.
     
    #68 h5djr, Jan 18, 2014
    Last edited: Jan 18, 2014
  31. CraigI

    CraigI Well-Known Member

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    Options are worth next to nothing if you are trading the car in.

    Private sale you might get a bit more out of the sale if you find a buyer that wants the options you have, otherwise again, options value is minimal.
     
  32. h5djr

    h5djr Well-Known Member
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    To the trade-in value they are not worth a lot but to me, when I own the car, they are worth a lot. I don't buy a car with a view to it's trade-in price I buy what I want.

    There only real value is that they make the car easier and quick for the dealer to sell which often means a trade-in price a little above the normal 'book' price. As I said earlier my dealer has often sold my trade-in before he even gets it.
     
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  33. cuke2u

    cuke2u Well-Known Member

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    They also make the car easier to sell...
     
  34. Louay

    Louay Well-Known Member

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    Did you consider the S3 seeing as your spending that much?
     
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  35. PilotAudi

    PilotAudi New Member

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    Seems odd spending so much on extras on a Fwd diseasel... Makes no sense!
     
  36. h5djr

    h5djr Well-Known Member
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    If I want similar to my existing 170 diesel s-tronic the 184 s-tronic is the only one that will give me the same. I would possibly accept a non-quattro version if they did one but as I want s-tronic I have no option but to have quattro as well. When I had one for the day it was just what I and H5 JHR want from a car. A lot of the options are the same as I have already and the extra ones will just add to the enjoyment. I will certainly not be saying I wish I'd had so and so and trying to retro fit it like a lot of A3 forum members. In may not be PilotAudi approved but that does not really make any difference. Having a car I enjoy driving is more important to me than saving money. I might not have that much time left to spend it, who knows!! I'm sure there are a lot of people who spend far more than me on their hobbies - cars and computers and I already have the computers I want.
     
  37. PilotAudi

    PilotAudi New Member

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    Wrong attitude Dave.. I have no option but to have quattro.. What's that about. For me quattro is a must. To suggest it is a compromise suggests to me you don't get it. Sorry if that's a bit direct but quattro makes it.
     
  38. RAPS3

    RAPS3 Well-Known Member

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    Like you say yours ordering the car for you and how you want it for 3 years of ownership - I must admit though I don't understand why people spec electric seats. How often do you love them. Does it give you anything else on the option or is it purely adding in the function of moving the seats by motor instead of lever and bum shift :)
     
  39. PilotAudi

    PilotAudi New Member

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    Agree , electric seats bah.. Had them on A4 cab, A5 coupe, a7 and hated them!
     
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  40. h5djr

    h5djr Well-Known Member
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    I first had electric seats in my last A3 because the normal adjustment would often give way when I was driving. But having had them in two A3 I like them and also Mrs R has bad arthritis in her hands which makes adjusting the back-rest with the normal wheel in particular painful if not impossible and she also drives the car sometimes. My existing 8P only has electric adjustment on the drivers seat whereas the 8V has it on both front seats which is even better - definitely worth £550 to us. Again not a PilotAudi approved option but so what or was you comment just to tell us your have has an A4 Cab, A5 coupe and an A7.
     
  41. PilotAudi

    PilotAudi New Member

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    Not at all Dave. I have had many Audis. The A3 seats in manual mode need to be clicked into place, failure to do this properly does indeed make them move and click into place. Generally a simple procedure . Memory seats are a real pain (had them in a 5&7) wherever you set them you always fiddle so my conclusion is why bother. The A4 cab electric seats were so slow. Getting people in back was a pain. Sorry electric seats aren't on my list as an option. I put up with them foc on A7.

    On the SE seats vs sport , IMHO the SE are equally poor on both 8P and 8v versions. Personal matter and folks should try for themselves.
     
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  42. Oyster

    Oyster Member

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    Last week I was given £14.300 on 61 plate and a free gap for my present A1 S-Line 1 6 TDI with a whooping 6300miles on the clock, not a mark on body work.

    There is a buyer waiting in the wings, salesman will ring me next week, when he wants the car.
     

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