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.
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.
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.
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.
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.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.
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.
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
I would wager a. 4 year old S3 will be worth £16k the 8P is currently! Especially black ones with privacy and tech packs ;-)
I would wager a. 4 year old S3 will be worth £16k the 8P is currently! Especially black ones with privacy and tech packs ;-)
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.
2.5 years. Year 3-4 depreciation is a lot lower than years 1-2 and 2-3
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.
Just look at audi.co.uk 4 year old S3'SB's being advertised at circa £20k!
QED
2.5 years. Year 3-4 depreciation is a lot lower than years 1-2 and 2-3
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.
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 .
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.
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 !
How do you spend so much on options when you admit to no sat Nav and no decent music. That seems excessive!
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.
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.
Did you consider the S3 seeing as your spending that much?
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.Seems odd spending so much on extras on a Fwd diseasel... Makes no sense!
Agree , electric seats bah.. Had them on A4 cab, A5 coupe, a7 and hated them!
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.
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.