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Mine is with 10K a year - eventhough I do about 3-4 didnt want to be limited
What is the finance rate on your quotes? I was told 6.2% but someone mentioned 6.0% a few posts previously.
I'm still making my mind up on the Spec, indecisive.
I'm currently doing about 12k, but I don't have to use the car for work anymore so that's 4k less. But I would never just hand the car back, I would either pay it off or PX it. Adding mileage is a waste of money if you plan on doing anything but hand it back and walk.
Choosing 5,000 as opposed to 10,000 is false economy, you'll save on the monthlies but be stung at the other end.
With the lower monthly payments you won't be clearing the amount financed off as quick as you would on the 10k plan thus when you come to sell you would be owing more.
To be fair the differences being fairly negligible.
Good news on the finance rate then, all helps I suppose.
order placed:
rs3 sportback
floret silver
black optics
black roof rails
standard wheels
comfort and sound pack
folding and dimming mirrors
matrix led
driver assistance pack
ss seats and extended leather
tpms
sports exhaust
mag ride
privacy glass
debadged
£680 pcm
7k down
7k miles
expected early December.
Build date 14th August so hopefully get in September
https://www.audi.co.uk/content/dam/...lists/rs-3-sportback-and-saloon-pricelist.pdf
Brochure and price list are online now
It confirms that the optional wheels pushes the C02 up into the next VED band. 188 upto 191 for the saloon.
The new VED 1st year tax rate bands are...
171-190 £800
191-225 £1,200
Had to push it up to 191 didn't they
Jeeeeesus I won't complain at my £270 per year road tax then & that's with wide front tyres lol
maybe it's just me but why would anyone want to pay 700 per month on car finance?
No wonder there is so much in the press about the impending car finance crisis. Each to their own and I've wasted loads on cars but this seems a bit much.
Fair play to you, you seem to have done your thinking.
Out of interest, the guys with a FL S3 looking to move into an RS3 what sort of negative equity are you having to make up?
My car was £34k in August, current Audi valuation is £28.5k but I've been offered £30k unseen. Car was new in August, 8500 miles.
My negative equity is £1500 ish at the moment.
£569 per month with what deposit?I've been offered 4% discount and 4.9% on finance for the Saloon...£31500 on my RS3 Sportback which has done 36000 miles...I'm still haggling though!!!!
£569 monthly on 5k a year.
He saidFinance rate is set by Audi finance, its non negotiable on new cars.
If you have been offered 4.9%, I suspect this is probably a mistake on your dealers behalf as 4.9% is the Audi S3 rate. He's perhaps used the S3 rate as opposed to the new higher RS3 rate reported to be 6.0%
If you get 4.9% and that's accurate, everyone else will also get 4.9%.
Or are you getting your 4.9% from a 3rd party finance company?
No through Audi but will double check with him I know these salesmen will say anything!!!I've been offered 4% discount and 4.9% on finance for the Saloon...£31500 on my RS3 Sportback which has done 36000 miles...I'm still haggling though!!!!
£569 monthly on 5k a year.
I think you are in for a rude awakening.
2016 '16' reg S3 Sportbacks are booking at £26,250 on Audi's valuation tool.
For example, this August 16 Sportback is listed at £28,492, similar mileage, spec is irrelevant on Trade price. If this car is selling for £28,5k and the dealer is making profit on it, it's clearly not booking at £28.5k
https://usedcars.audi.co.uk/usedcar...0,ZHVuZGVl|1070,2016|1071,2016/l|12,1,t_geo,U
View attachment 129884
1 off?
https://usedcars.audi.co.uk/usedcar...uZGVl|1070,2016|1071,2016/l|12,3,PRICE_SALE,D
View attachment 129890
This one gets an extra £250 at £26.5k for the lower mileage.
If you have genuinely been offered £30k for yours, get rid of it right now and bite their arms off. The guy must be nuts as you can buy the Sportbacks from Audi directly with dealership support for less as proven above.
In addition to that, have you ordered an RS3 saloon yet? It may take 6 months for a build especially if your dealer has already allocated their RS3 slots and you are going exclusive colour. They wont be offering you £30k in 6 months time when your RS3 arrives. That coupled with your 4 yr finance plans means that your balance is being paid off a lot slower than if you financed your car over 36 months, this in turn by choosing a 4yr term and selling early, leaves even more negative equity. If you are still owe £32k now and Audi are listing your trade price at £26k as it is now, that's £6k of negative equity you have to handle and that's if you were to trade now, never mind in 6 months when your RS3 arrives and that £26k Audi are offering now is then £24k in 6 months time.
Just be careful, stepping in and out of cars after short periods is a dealers dream and a buyers financial disaster. (My RS3 will be my 13th new Audi since 2009 so well aware of the pitfalls of selling early.)
Just checked thought too good to be true he apologised made a mistake 6% oh well!!!Fingers crossed Audi have reduced it to 4.9% to match the S3 rate but doubt it highly. Think it's probably a salesman mistake but keep us updated.
Out of interest, the guys with a FL S3 looking to move into an RS3 what sort of negative equity are you having to make up?
Finance rate is set by Audi finance, its non negotiable on new cars.
If you have been offered 4.9%, I suspect this is probably a mistake on your dealers behalf as 4.9% is the Audi S3 rate. He's perhaps used the S3 rate as opposed to the new higher RS3 rate reported to be 6.0%
If you get 4.9% and that's accurate, everyone else will also get 4.9%.
Or are you getting your 4.9% from a 3rd party finance company?
Audinutta,
I thought your car was August 16? August would be 16reg, 1st Sept 66reg.
Must have misunderstood. If you are getting £30k for it then that's very good when the book price is a bit lower than that. Not bad only being £1.5k in negative equity at 12 months into a 48 month PCP, the way they are setup unless you've ploughed a significant deposit into it you normally only come into equity within the last year.
What exclusive colour are you thinking? Daytona now off the menu?