The S3 and RS3 pricing are going to be scary, an S3 with a few options will be £50k.
I honestly don't think it is worth £50k.
Next Gen 2021 Audi A3 Sedan Debut
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The S3 and RS3 pricing are going to be scary, an S3 with a few options will be £50k.
I honestly don't think it is worth £50k.
Are prices ever adjusted to cater for exchange rates and so on? Or is this only taken into account when new models come out? Just thinking that the price the new A3 is in the UK isn’t far off the EU & Swiss price, which have traditionally been higher.
you've got a Crystal Ball have you....that predicts such things .....if l go and buy another S3 yeah it'll easily be over £50k .....given the pricing structure now, your on this planet once and this situation we are all involved in a the moment should really brings this home to everyone...l ain't on furlough l risk my health....going to work as my current job is classed as a essential ....so damn it I'll continue to work and live and buy what l like.....no point in worrying about recessions and the likes when they dont exist .....but people who worry too much about such things well nobody can stop that
50K, you could used to get something nice with a letter box on it for that.
Colin
Colin
Just watch Homes Under the Hammer.
Agree, and was about to reply exactly the same to Jassyo06.
But I would disagree regarding anyone spending £50k on a car would be alright in a recession. It just depends what industry they work in, and how secure their job / income would be.
In a recession, I'd cut as much spending as possible. Self employed and in construction. Double whammy !!!
For me though an S3 is not worth near £50k if that what a well specced one turns out to be. What you can afford, and what you think something is worth is completely different. For me, £50k is RS3 money. But who'd like to be a well specced RS3 will be heading towards £60k once options are ticked?
But it's the truth that PCP have got people into car they would otherwise not be able to afford using standard HP or buying outright.
Back in the 90's there were so many Hot Hatches I wanted. But with HP the repayments were just too much for what I earned at that time. Had PCP been around back then, I'd have been in far quicker and more expensive metal, than I otherwise would have.
Just look at the Golf R deals a few years ago. A £30k+ car for just a few hundred quid a month. Bonkers, but absolutely fantastic if you're in your 20's and after a stupidly fast Hot Hatch.
^^ pompous people are just eejits and ignore them.
PCP was designed to get more people into more expensive cars as often as possible.........think who think designed PCP?
Like wab172uk I spent way too much on good old HP in the 90s.
PCP was designed to get more people into more expensive cars as often as possible.........think who think designed PCP?
Like wab172uk I spent way too much on good old HP in the 90s.
Maybe thats what some people use it for, for me (and anyone else I know) I use it because I know I won't keep the car beyond the 3 year term of the PCP and therefore it makes no sense to finance the entire amount. If its in negative equity at the end of the term it's someone else's problem, if it's not I have extra money to put into a replacement, win win for my purposes.
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For someone in their 20’s I actually quite like it haha (bar Martin Roberts) would love to start a property business doing houses up and selling them on, tv programme is a good example that there’s a lot of money to be made if you know what you’re doing!
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See my parents were always set in their ways that unless you can afford to buy it outright you save up and wait (apart from a house obviously) and that has rubbed off on me hence why I bought my current S3 cash. Purchased used to offset some depreciation but yes it’s still a lot of money tied up but at least I’m not paying interest on monthly payments and I can use my earnings for whatever else.
Only thing I have to worry about is depreciation which is the benefit of PCP because if the value plummets you can just throw the keys back at Audi at the end of the agreement, whereas owning the car you’d have to take the hit.
I’m not against PCP altogether in fact when I have a mortgage myself in the next year or so I may consider chopping in my car and unlocking that cash and go the other way, depends what happens with the economy but let’s not get into that
See my parents were always set in their ways that unless you can afford to buy it outright you save up and wait (apart from a house obviously) and that has rubbed off on me hence why I bought my current S3 cash. Purchased used to offset some depreciation but yes it’s still a lot of money tied up but at least I’m not paying interest on monthly payments and I can use my earnings for whatever else.
Only thing I have to worry about is depreciation which is the benefit of PCP because if the value plummets you can just throw the keys back at Audi at the end of the agreement, whereas owning the car you’d have to take the hit.
I’m not against PCP altogether in fact when I have a mortgage myself in the next year or so I may consider chopping in my car and unlocking that cash and go the other way, depends what happens with the economy but let’s not get into that
But if depreciation falls with expectations, then buying outright will always be the cheapest way to buy a car, as you're not paying any interest. And in recent years, you're not earning much having money sat in the bank.
Flying Scotsman
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It all depends on how long you wish to keep a car. 5 years and more you are way better off with purchasing the car and pay it off in 4 years or dependant on finance rates, outright cash purchase. On going PCP/lease payments will keep you in the poor house, unless you can write the car payments off for business tax purposes.
My 2017 S3 is title free and I plan on keeping it for I think at least another couple of years, as I do not have the new car itch which is strange for me as I leased my previous cars for 3- 4 years and wrote the payments off as a business expense. Plus nothing out there for new cars my in price range tickles my fancy.
My 2017 S3 is title free and I plan on keeping it for I think at least another couple of years, as I do not have the new car itch which is strange for me as I leased my previous cars for 3- 4 years and wrote the payments off as a business expense. Plus nothing out there for new cars my in price range tickles my fancy.
See my parents were always set in their ways that unless you can afford to buy it outright you save up and wait (apart from a house obviously) and that has rubbed off on me hence why I bought my current S3 cash. Purchased used to offset some depreciation but yes it’s still a lot of money tied up but at least I’m not paying interest on monthly payments and I can use my earnings for whatever else.
Only thing I have to worry about is depreciation which is the benefit of PCP because if the value plummets you can just throw the keys back at Audi at the end of the agreement, whereas owning the car you’d have to take the hit.
I’m not against PCP altogether in fact when I have a mortgage myself in the next year or so I may consider chopping in my car and unlocking that cash and go the other way, depends what happens with the economy but let’s not get into that
I would have taken a different approach, I would have used the money you spent on the S3 as a deposit for a house.
I bought my house when I was 22, I didn't start putting any serious money into cars until after this. I was lucky enough to be driving company cars or have a company car allowance from age 21 to 30, so didn't have to shell out a lot of money for cars.
I paid extra for one on my A5 coupe, being over 6ft it makes it a lot easier getting in and out and gives me a bit more space when driving, well worth the £150 and it looks sporty
I kind of agree, but also disagree. Buying a house is more than just the mortgage payment. Insurance, utility bills, & shopping. I know everyone is different, but in my 20's I was happy still living at home and spunking most of what I had on cars. Saved some into a regular saver which then was used as deposit when I did eventually leave home.
But again, HP back then was double (or more) what PCP is now.
You could put money into a rental property. Homes under the Hammer etc, make it all look good fun, and you'll make 50 squillion quid at the end of it. But then you watch other shows which show tenants wrecking the house and refusing to pay rent pretty much as soon as they move in. I'm that unlucky, I'd get the bad tenants.
But I do regret not buying houses in the 90's before everything Boomed. I was looking at buying 2 houses with £5,000 deposit each. Mortgage £30 a week. Rent £70 a week. No brainer right? No. I test drove a 106 GTI at the same time and `had` to have one. I could be a multi-millionaire property tycoon by now.
I don't regret it though
Much ...............
I paid extra for one on my A5 coupe, being over 6ft it makes it a lot easier getting in and out and gives me a bit more space when driving, well worth the £150 and it looks sporty
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I'm not keen on the perforated steering wheels. Feels odd in my hands.
I kind of agree, but also disagree. Buying a house is more than just the mortgage payment. Insurance, utility bills, & shopping. I know everyone is different, but in my 20's I was happy still living at home and spunking most of what I had on cars. Saved some into a regular saver which then was used as deposit when I did eventually leave home.
But again, HP back then was double (or more) what PCP is now.
You could put money into a rental property. Homes under the Hammer etc, make it all look good fun, and you'll make 50 squillion quid at the end of it. But then you watch other shows which show tenants wrecking the house and refusing to pay rent pretty much as soon as they move in. I'm that unlucky, I'd get the bad tenants.
But I do regret not buying houses in the 90's before everything Boomed. I was looking at buying 2 houses with £5,000 deposit each. Mortgage £30 a week. Rent £70 a week. No brainer right? No. I test drove a 106 GTI at the same time and `had` to have one. I could be a multi-millionaire property tycoon by now.
I don't regret it though
Hindsight, definitely would go back.
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Not noticed it to be honest, but then I don't drive it much and when I do it's not for long distances lol. I just remember test driving the A5 without the flat wheel and it was a bit snug getting in/out
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Yeah I agree that’s the way I look at it, I’m not one to dabble much in shares and stocks so returns with a chunk of cash sat in a bank account are minimal especially at present
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Could’ve done I totally agree and my best mate took that same approach. However, when I was buying my S3 at 20 I didn’t feel like I was ready to move out so paying interest on a car I was purchasing seemed a silly choice.
Plus the benefit of owning the car outright is that I’ve been sensible and able to save large chunks every month for the past 3 years as I’ve not got a monthly payment going out for my car, so different horses for courses I guess
I paid extra for one on my A5 coupe, being over 6ft it makes it a lot easier getting in and out and gives me a bit more space when driving, well worth the £150 and it looks sporty
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I've been driving cars with flat bottom steering wheels for so long, I can't imagine going back to a completely round one again.
I drive cars with both, mine has the flat bottomed steering wheel, my partners a round one but both of us prefer the flat bottomed one. Are you going to insist on what colour shirt I should be wearing next?
Eh, nope! Just like I didn't actually say that you would prefer a circular steering wheel.
Yup Used too....mate..My current S3 was £48k rrp it's a 67 plate MY18 model l chose it over a similar priced RS3 Sportback...which came along with a 8% discount, l got a 15% discount on my S3 Saloon.....My S3 is under £400 a month the RS3 Sportback would have been very doable at £467....but with less options but running cost matter more to me especially when l intended to keep the car for 3 years or more....ergo the S3 Saloon and l still love it to bits,in combination with it's spec and colour it's one of a kind and i'll do the same again
That is one thing I like about the S3 the running costs aren't too bad for the performance you get from it . I like the Rs3 and would love to own one at some point but as a family car its not for us as we do 10k a year and I could imagine the running/maintenance costs being a lot more than the S3 .
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I’m probably being naive but I don’t see how the maintenance costs would be miles more? Maybe £200 more for your brakes, £15 for the extra spark plug and I can’t think of what else would be different? Surely they use similarly priced oil, filters are cheap items, haldex service must cost the same too?
Yeah I get the running costs but that’s down to driving style lol
(Not tryna start an argument lol genuinely curious)
Fuel yes but again that’s driving style, can easily rinse the fuel in any car by pushing it hard
Insurance is so variable I feel like that’s a personal factor like colour or spec, for example, insurance for me at 20 on a 68 plate S3 was around £975. But for my 59 plate S3 it was nearly 2300...
I think a front disc and pad change on a Rs3 is around the best part of a £1000 where the S3 is less than £500 .
From speaking to people who have made the jump from S3 to Rs3 they have said the Rs3 is a different league of car from the S3 but comes with a different league of costs to go with it . I am only going off what a have been told off Rs3 owners
I think a front disc and pad change on a Rs3 is around the best part of a £1000 where the S3 is less than £500 .
From speaking to people who have made the jump from S3 to Rs3 they have said the Rs3 is a different league of car from the S3 but comes with a different league of costs to go with it . I am only going off what a have been told off Rs3 owners
I assume they are Audi dealer prices?
I think a front disc and pad change on a Rs3 is around the best part of a £1000 where the S3 is less than £500 .
From speaking to people who have made the jump from S3 to Rs3 they have said the Rs3 is a different league of car from the S3 but comes with a different league of costs to go with it . I am only going off what a have been told off Rs3 owners
Yeah costs like that are a bit touch and go because I’ve seen a few RS owners go aftermarket with discs and pads and be happier with the product and even happier with price
Totally agree it’ll cost more than the S3 would, but in my eyes if you can’t afford a few hundred extra for maintenance/servicing then you probably can’t afford the S3 either? Few hundred £ on yearly expenses shouldn’t be what breaks the bank imo
running costs are comparable mate.
Similar mpg / tax / even servicing.
Just some parts which are more money as you note like brake discs.
But seriously it is not that much more than an S3 imo.
My last 3 cars were a TTS, S5 and RS3 and I can’t say the RS3 cost me any more to run.
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A special car like what you have @jassyo06 keeps the interest going for the 3+ years that you intend on keeping the car. A regular/low speced S3 could see you getting bored too early....maybe what happened with your Sepang Blue S3?
