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S3 Sportback S-Tronic PCP residuals...

Discussion in 'New A3/S3 (8V Chassis)' started by dinz14, Aug 16, 2013.

  1. dinz14
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    dinz14 New Member

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    ... anyone got an idea of residuals on the above with 10k per year on a 48 month PCP/Solutions plan?

    I'll be ordering a new car in Jan and was pretty much set on an A4 Avant S-Tronic Quattro Black Edition (either TFSI or TDI) due to the massive discounts available, but it seems that the S3 has fantastic residual value which means I should hopefully be able to get one for around £400-£450pm (£1k deposit).

    I don't wanna be going to the dealers yet as they annoy the hell out of me with their bull (Bradford Audi - here's looking at you :yes:)

    So, anyone ordered recently & care to let me know the GFV on their PCP/Solutions?

    Cheers,
    Steve.
    #1
  2. paullowther
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    paullowther Member

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    Hi Steve,

    To give you an idea... the final rental payment after 48 months on my 3 door S3 has been set at £15,255.10.

    I posted a lot more information in a thread called 'Ready to order S3 - my experiences & spec'. The last post in it was yesterday.

    Hope this helps.
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  3. dinz14
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    dinz14 New Member

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    Cheers, it's all helpful info mate! :rock:
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  4. c.grex
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    c.grex Member

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    Just thought I'd jump on this and see if anybody else would like to give there GFV?

    I'm only dreaming at the moment, but its one thing with Audi that you can't find out without a visit to the showroom! The BMW website will give you GFV and PCP plan details for what ever car you have spec'd up via the website.

    15K seem fairly good after 4years
    #4
  5. Dylock
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    Dylock Active Member

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    For me....
    15k at end
    3k deposit
    £450 per month

    Sorry for quick reply

    Edit: that's 36k ish car with options
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  6. c.grex
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    c.grex Member

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    So judging that another 15k, it looks like options are not making much difference to GFV. Thanks for the reply.
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  7. VeeDubDan
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    VeeDubDan Active Member

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    Over 48 months?
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  8. Dylock
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    Dylock Active Member

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    Yes, sorry forgot to write that
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  9. Pulp84
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    Pulp84 Well-Known Member

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    Think the trick is getting as much discount as possible to offset the options.

    Ok, so I have been quoted the below on new S3 SB:

    £430 a month x 36 months.
    £4000 deposit.
    6000 miles p.a
    £16800 final payment


    I have also learnt over the years that the mileage figure should be kept low. I have owned 7 cars on PCP and have never handed one back. Therefore never worried about excess fees. The more miles allowed in the contract the higher the payment (wear and tear and depreciation). I have always traded it in a good 6 to 12 months before the agreement ends so therefore the milage is totally irrelevant. So I always quote a lower mileage and keep repayments down to minimum.

    Oh and I have also seen that Audi finance can "manipulate" the final payment upwards or downwards to get monthly figures within a customers budget. Obviously putting the final payment figure higher means come trade in you will have less equity, but your repayments were lower during the agreement - swings and roundabouts as they say!
    Last edited: Sep 5, 2013
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  10. cemerson
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    cemerson Well-Known Member

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    Yeh, always go for minimum mileage on a PCP. Even the finance bloke at my dealers said that.
    #10
  11. c.grex
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    c.grex Member

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    as pointed out above, swings and roundabouts! I have gone for 5k per year on my A4 and it added 1k to the GVF rather than setting it at 10k. This great for the monthly payments, but it just means I've got to find that extra 1k when I trade the car in!
    #11
  12. c.grex
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    c.grex Member

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    Just a little update. Just had a GVF quote of 17k after 4 years!

    this has made this affordable for me now:yes:

    And sales guy told me what ever options I spec, it will not change the GFV, just the monthly payment.
    Last edited: Sep 21, 2013
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  13. Pulp84
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    Pulp84 Well-Known Member

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    What was the break down of the deal? Had similar GVF on 36 months with £4000 deposit
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  14. c.grex
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    c.grex Member

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    It doesn't matter what the full quote is as the GFV only relates to the mileage you have said you will do and the length of the term. The full price of the car doesn't make any difference to the GFV, so GFV will be the same if you have 10k of options or 1k of options.

    so My GFV was 17242 after 4 years, with my mileage set as low as it can at 5K. from here you can use a online calculator to alter the deposit, so you know what monthly payment you want to get too.

    but, my figures for info:

    35k car
    5900 deposit and trade in
    412 per month for 48 months
    17242 GFV @ 5k per year

    what where yours on a 3 year deal then as I didn't ask what it would be on a 3 year deal?

    this is a calculator to alter the figures: Car Finance PCP Calculator
    so from here I can work out that giving the prices he has given me, that if the car was discounted to the same as what drive the deal can do one for, my monthly payment would be £350, with £3500 deposit. (whether they will match DTD is still to be seen after a days test drive)

    EDIT: just seen your original post! I can't work out how the have given me a GFV of 17k at 4 years, yet yours is less (16.8k) at 3 years!? is like saying my SB will be worth more even though it's 12 months older? was yours a S-Tronic?
    Last edited: Sep 22, 2013
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  15. Pulp84
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    Pulp84 Well-Known Member

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    £32500 (after £2400 discount). £4000 deposit, £420 x 36 months. 6000 miles P.A. £16,800 GFV. I think it is very reasonable!
    #15
  16. c.grex
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    c.grex Member

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    EDIT: just seen your original post! I can't work out how they have given me a GFV of 17k at 4 years, yet yours is less (16.8k) at 3 years!? is like saying my SB will be worth more even though it's 12 months older? was yours a S-Tronic?
    #16
  17. Pulp84
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    Pulp84 Well-Known Member

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    Did wonder about your figures - everyone else is on £15k GFV after 4 years with cars nearer £35k. Guess my quote on 3 years is not bad after discount. If I paid full price I guess I would have to be on 4 years to keep in budget.

    My spec is quite sparse - Comfort pack, LED headlights, privacy glass, Audi Sound system, TPMS, high beam assist, interior light pack - not much but adds £2000 odd on to the price. I've pushed to get the options for free in effect. In final negotiations at moment.
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  18. c.grex
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    c.grex Member

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    The 15.5k ones are on 3door ones and set at 10k per year I think. Yours is a s-tronic is it? My options only come to £1700 and I've gone for a solid colour
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  19. Pulp84
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    Pulp84 Well-Known Member

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    Just doing a quick calculation on the figures you posted - total repayable is £43918??? On a £35k car that does not sound right. Almost £9k in interest and fees.

    So on my quote Audi are basically charging me £4000 odd in fees and interest which is reasonable for the figures we are talking. It's a SB S Tronic.
    #19
  20. c.grex
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    c.grex Member

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    Can't say I've looked to much at the interest or fees. Done the PCP thing a couple of times and I just try and get to a monthly payment.

    I have a A4 TDI and it will be 18 months old when we plan to pick The S3 up. And this set at 5k per year, on a 4 year PCP, and there is equity in that for trade in after just 18 months.
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  21. Pulp84
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    Pulp84 Well-Known Member

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    Yeah double check because the figures you quote don't make sense unless through third party broker / finance. Audi finance I think are still at 6.4% APR so it should be a lot cheaper than you have been quoted.

    Just wish Audi did rates like BMW at 3.9% APR. Think they need they helping hand to sell their cars lol?
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  22. yuan2211
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    yuan2211 Member

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    just wondering did anyone get a dealer contribution?
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  23. c.grex
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    c.grex Member

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    unsure if you mean 'dealer contribution' or 'Audi centre contribution'

    a dealer contribution is just the same as a discount of the car, but the 'audi centre contribution' is part dealer and part audi funded.

    At the moment there is no audi contributions on A3's or S3's, and also no advertised discounts or dealer contributions.

    A example of how the 'centre contribution' works is on the A4:

    £3900 centre contribution is being advertised yet this is being made up of £1900 direct from audi and £2000 discount from the dealer, yet you can still get more than £3900 off a new A4!
    #23
  24. yuan2211
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    yuan2211 Member

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    i guess any discounts may as well go down as there contribution then
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  25. cuke2u
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    cuke2u Well-Known Member

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    Hi, with the PCP do you ever get any back from the GFV as equity. I'm looking into this for purchasing a saloon, however my present car has around £4000-£6000 equity, I don't really want to lose that by committing to a PCP if it means nothing gained.
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  26. c.grex
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    c.grex Member

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    ive had mixed results! But when the GFV is 17k on a 4 year old car I can't see there being much equity there. PCP's work best with low deposits and higher monthly payments (although I haven't always done it that way)

    if if you trade your car in, the only thing you gain is lower monthly payments.
    #26
  27. cuke2u
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    cuke2u Well-Known Member

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    That's what I thought...
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  28. cemerson
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    cemerson Well-Known Member

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    It's normally quite a conservative value because the company are taking a risk by guaranteeing the value, so as long as you don't totally trash the car it should have some equity at the end - though of course if the mileage is substantially different to the one used to calculate the GFV it might have less.
    #28
  29. Cumbrian_bob
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    Cumbrian_bob Member

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    I dont understand how that can be the case. A PCP deal at maybe 6% compared to money in the bank of maybe 3%, would suggest its better to spend the money rather than save it. It reduces the starting debt which reduces the interest on that debt with lower monthly payments.

    Id be interested to know the best options before I sign up to my next car finance plan
    #29
  30. cuke2u
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    cuke2u Well-Known Member

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    Hi, as my cars are usually in showroom condition and I only drive about 4k miles a year I certainly wouldn't have to worry about mine not getting the GFV, at least. But would the difference between the GFV and what the car is actually worth be enough for a healthy deposit?
    #30
  31. cemerson
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    cemerson Well-Known Member

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    Noone knows, it's a new car and noone can predict what the value of them or market for them will be like in 4 years - that's why the estimate they give is so conservative usually!
    #31
  32. c.grex
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    c.grex Member

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    updated qoute from a broker:


    S3 TFSI Quattro SB S Tronic
    Aluminium roof rails
    Audi Sound System with 10 speakers
    Comfort pack
    Hill hold assist
    SD card satellite navigation system


    31,600 on the road


    2500 deposit
    17454 GFV (@5,000 miles)


    £369.35 per month over 27 months




    although this quote can't be confirmed until January as that is when the new finance package for Audi will be confirmed for April 14 onward.
    #32

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