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  1. AD & DK - Jones

    AD & DK - Jones Registered User

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    Morning all.

    I know this is a bit of saw point for people to talk about. I just wondered what people are willing to pay / regard as a good deal.

    After a test drive in a RS3 the other day I was very interested in one. However, after the salesman had sent a quote though, I was pretty shocked that he wanted £5k deposit and £675 pcm for a pretty low/mid spec car!

    All opinions welcome:sunglasses:
     
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  3. 81llyh

    81llyh Registered User

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    Depends on the total price of the car and over how many years you take it. 44k car over 4 years and 4k deposit is roughly £520 a month
     
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  4. AD & DK - Jones

    AD & DK - Jones Registered User

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    It was about 44/45k car and was over 48 months! I thought it seemed over priced!!

    I will contact another dealer. Thanks.
     
  5. HJS

    HJS Registered User

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    We’ve gone for a lease purchase on ours but there was a big difference between what the salesman initially quoted and what we’ve now got through the dealer's finance specialist.
     
    AD & DK - Jones likes this.
  6. Foxtrot_Oscar

    Foxtrot_Oscar Guest

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    Go to http://www.audi.co.uk/content/audi/explore-models/finance-calculator.html#/calculator?range=A3&model=RS 3 Sportback&trim=SE&modelCode=8VARSY\1&productType=SOLUTIONS
    The important number is the Optional final payment. I.E. over 36 months at 10000miles it's £23,794.65.
    The optional final payment will not change regards options added etc. it is always worked out on the base price of the car. If you change the mileage amount or the term amount, the optional final payment adjusts. Always use this number as it is accurate.

    Now head over to
    http://www.pcpcal.co.uk/
    You have the final optional payment number so add that in to the correct box.
    Now go on the configerator and spec your car and then add the on the road price to the top box.
    Now add your deposit you want to pay.
    Annual percentage rate of interest - your safe putting 6.4% in there to give you a rough idea.
    The Repayment months should tally with the Optional payment, so if you enter the optional for 36 months, add 36 months here and then press calculate.

    You can now start playing around with repayment months and optional final payments vs spec and price vs deposit. You should get some pretty accurate numbers which your dealer should be able to work with. Obviously all these figures don't include discounts negotiated or trade in etc.

    Hope that helps. It is possible with £4k down to get a mid level spec'd RS3 for £580ish.
     
    mister.c., AL_B, GRE57Y and 3 others like this.
  7. billyali86

    billyali86 Registered User

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    The dealers trying to bend you over with those figures, as someone said low to mid 5s might be doable with a 4k deposit
     
    AD & DK - Jones likes this.
  8. R55ENS

    R55ENS Registered User

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    My cars spec'd to about £51k, and with £8k in it's working out low £500's.

    Don't know if it's good or bad but I'm happy with the deal I got!
     
    AD & DK - Jones likes this.
  9. Steve57

    Steve57 Registered User

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    Did the dealer try 36 months? When I asked 36 was better than 48 months. Get them to alter and try it.
     
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  10. Spaceman_RS3

    Spaceman_RS3 Registered User

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    I'm good Bg to be 6k in 471 a month 48 months spec to 43900 roughly
     
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  11. mole-uk

    mole-uk Registered User

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    £7k down
    48 month
    8k miles
    £48,000 car
    £505 a month
     
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  13. Pulp84

    Pulp84 Registered User

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    Don't forget the dealer can adjust the GFV up to 12% plus or minus. This allows the finance manager to tailor a deal to a particular customer. When I purchased my S3, they showed me the finance quote screen and the GFV was adjustable to get the car in to my budget (or as best as possible).

    Also if you are "renewing" an Audi finance agreement (effectively buying another Audi on PCP) the dealer will get a renewal finance commission.

    Not sure how much that commission is but it was £1,600 on a £35k S3 in 2014. It allowed the dealer to knock another £1,000 off my deal.

    Use the word "renewal" and watch them get uncomfortable. It's their internal language that us "punters" shouldn't know about it.

    Used that trick about 5 times with VW/Audi purchases in last few years! :)
     
    DommyR and AD & DK - Jones like this.
  14. Yeoy

    Yeoy Registered User

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    Originally when I was enquiring about pcp I went a different route as I wanted my monthly payments to be low!
    Now actually decided to buy the car outright when it comes in jan/feb (so i've been told)
    My PCP figures I got given were
    £20k deposit for £250 p/month over 4years. 12k miles per year . £20k balloon payment. Car was specced to £47k
     
    AD & DK - Jones likes this.
  15. GRE57Y

    GRE57Y Registered User

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    Spec:
    Catalunya red, Dynamic Pack, Comfort & Sound pack, RS3 Design Pack, high Gloss black pack.

    £4k deposit
    15k miles PA
    £560/month roughly
    £1500 discount

    I'm happy with that... As rightly said the GMFV is the key number and this is determined by miles and duration of agreement
     
    AD & DK - Jones likes this.
  16. AD & DK - Jones

    AD & DK - Jones Registered User

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    That's a way better deal than I got quoted! I know I didn't negotiate but it was miles off!

    What dealerships are offering some discount?

    I would only do about 6/7k miles per annum. Also would put a smaller deposit down more like £2k!
     
  17. Fuzzy5987

    Fuzzy5987 Registered User

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    Spec: Glacier white, Gloss black styling package, Body coloured wing mirrors (electric, heated / folding), Reversing camera, Hill hold, Light and rain sensor package, High beam assist, Privacy glass, Advanced key, 19" Titanium Matt wheels

    Mine works out as follows:

    £6,000 deposit
    5k miles PA
    £464 per month
    48 months
    No discount ;-(
     
    AD & DK - Jones likes this.
  18. Schuey

    Schuey Registered User

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    £99/month 24 months
    50% Deposit
    £22K final payment
     
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  19. GRE57Y

    GRE57Y Registered User

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    Mileage?
     
  20. Schuey

    Schuey Registered User

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    10K
     
    GRE57Y likes this.
  21. AL_B

    AL_B Registered User

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    Thanks Foxtrot_O for the advice in your post and the PCP calculator. Very useful indeed.
     
    Foxtrot_Oscar likes this.
  22. RGBARGEE

    RGBARGEE Registered User

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    Think I'll stick with mine £44k down £0 a month...
     
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  23. T-800

    T-800 Guest

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    Same situation here

    No point in having it in the bank
     
  24. Spin140

    Spin140 Registered User

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    If only I could/would ever have that kind of money in the bank, you Guys are very fortunate and must be in the minority, not sure why you would post on a PCP thread though as clearly if the OP had a spare £50k he wouldn't have asked for our opinions ?

    The thread for me has been very useful in gauging how well my dealer treats me :)
     
    AudiNutta and AL_B like this.
  25. RGBARGEE

    RGBARGEE Registered User

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    Hi Spin,
    Lucky yes, probably as a result of many years avoiding PCPs. I do understand it is one way of financing a car but the real costs can be huge.
    They are a form of finance that focuses on how much a month can you afford rather than true costs. 1. What discount can I get, 2. What options do I really need and how will they impact on sale value. 3. Get a good price at the end of 2/3 years. Complex but not rocket science. Also Halifax have some loans that look good if you need some funding. My last post was meant very tongue in cheek
     
    Spin140 likes this.
  26. Dtwm1

    Dtwm1 Registered User

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    It's amazing what dealers can do at the end of the month/quarter with only a few days to go. Mines 43k ish. £0 down £598 a month 48 months 8k. I was a renewing customer so got a good trade in too on a 14 month old a3 s-line as @Pulp84 said
     
  27. AL_B

    AL_B Registered User

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    Hi Guys,

    I would really love an RS3. The noise that harks back to the original 5-pot Turbo Audi quattros just stirs the senses and reminds me of those glorious rally years that I used to watch on the TV in the 80's.

    But...sadly I don't have a spare 50K in the bank either. If only. Or even better, what about 100K, 200K?....there's always someone who has more. But that's just life.

    So back to my reality...

    I've never had a PCP deal before, so supposing I find a nearly new RS3 for say £40K. I go in with a 2K deposit, part-ex my S3 8P for about 7K. In the handy calculator (www.pcpal.co.uk) I had to put in a final payment/GMFV of £21323 (taken from the Audi Finance calculator), 6.7%APR and over 48 months. That comes to an affordable £329.42 per month (if the calculator is correct)..

    Wind the clock forward, after 4 years of happy awesome motoring in the RS3. I know I will have three options:
    a) buy it
    b) hand it back (walk away with nothing)
    c) trade in on a new PCP deal.

    Assuming I trade in back at Audi, and enter a new deal on the next car, do I have any "deposit" or "value" in the car to enter a new deal? What would that be roughly?

    I'm guessing over the 4 years I'll have to put aside some money as well for a deposit into the next PCP agreement.

    Sorry for the noddy question, just never looked at PCP before.

    Cheers

    AL
     
    Clart likes this.
  28. Spaceman_RS3

    Spaceman_RS3 Registered User

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    Have to remember if it used then you will be on a used car pcp generally the intrest rate is a lot higher and the gmfv lower so using the Audi finance for a guide is misleading bud. With discount on a new car if you kept spec sensible you'd prob be able to order new one with a couple grand of options for same price as a used one

    At the end it depend on what it's worth if it's worth 25k and final payment is 20k you have 5k deposit on the next one but could begin her or much lower. No one has an accurate crystal ball
     
    AL_B likes this.
  29. Dtwm1

    Dtwm1 Registered User

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    Also your dealer will be hounding you after 2 years or so to trade in for a new one as soon as you have some equity in the car.
     
    AL_B likes this.

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