Audi finance

[mrloxley]

Hi

just wanted to ask whether any audi customer has managed to receive a 0% finance ?

I'm currently thinking of purchasing a audi a6 s line tdi 2ltr saloon

Thanks.

[dmcconachie]

I'd say your chances are virtually zero of achieving that.

[johnsimcox]

Depends how you do your calculations. In effect the dealer + Audi contribution when using their PCP deal equates to the interest you will pay on the amount borrowed so you could view it as interest free. With my car the total amount I will pay via finance including interest will be less than the list price of the car, so you could say I have a negative interest rate. However in the real world there is the expectation that there should be a discount on the car regardless of how it is being funded

[Whippy53]

If they did 0% they certainly would do any deals, therefor the 6% interest is more than recouped.

[retired99]

What I’m interested in when I buy a car is ‘how much is it going to cost me to own this car’.

The ‘deal’ from the dealer will often involve things like interest rates, discounts, trade in value and in the case of PCP, and the like, the future value. It is the interaction of these factors which will determine how much the car will cost. One dealer might offer a high trade in and a small discount while another does the reverse. The result might be the same. A zero per cent finance offer might sound good, but what if it comes instead of a discount etc. You need to do the arithmetic to find out what the best deal is. Your personal circumstances / preferences could well play a part , are you in a position to pay cash or do you want some form of finance? Does the ability to just hand the car back in a few years appeal or do you want to keep it longer.

A big driver for total cost of ownership is depreciation. This will likely be reflected in any PCP style deal, but if you’re buying outright or on HP then you really need to estimate a future value to see how much that car is really going to cost you.

[razor77]

The only way to improve on the discount once you get the best price, is if you don't really need the finance and can pay it off shortly after the policy starts. My dealer went a little further by providing an inflated price on my trade in - they matched what I'd truly be lucky to achieve from a private sale, and to add another £1k discount beyond OW / DTD, to do this they had to process as a fleet sale. They told me they stretched so much because they needed the sale to achieve an Audi UK target, to unlock additional dealer discount.