Audi Finance

I

IceHanger

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Apologies if in the wrong but can't find an ideal place,
Looking at getting a used Audi on finance and just seen the APR on the main website and laughed my head off! 12.5!!

Is this typical or have people's managed to get that down on used?
When I've used finance in the past I've only ever done it on new and been around 5%
I'm expecting it to be more than the banks but x3 shocking
Cheers
 
I got my Audi finance for 4.9% can't remember what they started at but to begin with they wanted about £290 a month and I got them down to £221 a month over 5 years
 
Its different percentage on used and new cars
 
I think you'd probably get to about 9% but that would be it, they've got you by the balls really when it comes to used car finance as not many people can afford to buy expensive Audi's out right nowadays!!
 
interesting note on that point

For the 12 months to September, new cars were bought with finance, up 13% year-on-year. The value of advances in this period was up 18% year-on-year. The percentage of private new car sales financed in this period was 75.8%, a record high.

Not many people are buying new cars at the moment.. They are putting them on the never never
 
If your buying second hand wouldn't it be better to finance it privately through a loan (there's some out there offering rates low as 4.9%) and then coming to Audi as a cash buyer?
 
Not sure what percentage I am paying but I bought a used approved and was going to pay cash. They said if I finance 7.5k with them they throw in 2 free services (probably worth 500 quid) and I was only going to pay 800 quid in interest fees as the finance was over 2 years. In only needed 5k to buy the car with my part x so they gave me 2.5k in cash and this sits with my 5 k in the bank offsetting the interest on my mortgage as I have an offset product.

Cheapest way I could do it really and they said if you want to finish up the finance after 6 months then pay it in full and we will still honour the 2 services.

No idea what the apr was but I was more than happy with it.
 
Carrying on from Igooch I am in the same boat. Pick up my S3 on Sunday and the balance to finance was £10k. I arranged a Sainsburys loan at 3.8% over 3 years but doing the above and getting the 2 free services worked out slightly better for me. And if you take finance out and are not happy with it you can cancel within 14 days and pay the balance up within 30 days and pay no interest. Because the servicing agreement is in place they can't cancel it either... Or so I have been told, will let you know next week after I have been to sainsburys.
 
They are getting wise to people taking the finance and then paying it off in full for the 2 services. I was advised by the dealer to pay the finance for 6 months and then ask for settlement
 
Yeah i was also told that.. maybe 2/3 months and will see what cost would be to settle. ;)
 
Audi Finance offered me a deposit contribution and two free services when I bought my A4 two weeks ago; my original intention was to go in with a bank loan and haggle - but when you factor in the potential value of the servicing offer that could be the clincher - Audi main dealer rates ain't exactly cheap.

Overall this is a better option if you are buying an approved used (as I was).....because you can be guaranteed one of those services will be a Major, which comes in at £350-£400 based on experience of my old A4, so that alone will probably offset the higher interest rate. Admittedly they are muddying the water with these offers as you don't really know if you are getting a good deal or not, as they are artificially inflating the value of your trade-in with the deposit contribution. You have to do the math and see what works out best for you.
 
Last edited:
I test drove my B8, then agreed to put a deposit down. The guy asked me if I wanted to take finance and I said that I'd sort it out. He took me to his finance manager who asked what I was going to do.

I normally use Moneysupermarket, so he went onto the site looked at the best deal and said 'we'll match it' so that's what I did.
 
Sainsburys finance 3.9% and if you use sainsburys to shop you can get quite a lot back through nectar card happy days
 
I was told to settle my payments after 6 months to a year if I could do, and Audi would honor or my services and any other extras I have with them. Seems a good way to do it for me at least.
 
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