In market for a new A4 : 143 S - Line Executive

[johny1980]

Looking for a new A4 on finance deal;

Local Audi in aberdeen has 2.0 TDi 143 s-lines executives lowered from 28.5k to 25.5k with a further £500 contribution towards deposit & 5.7% APR.

So basically entails minimum deposit of £3000 from me and 35 x £330

Final optional payment of £13k

1. Basically wanting to know if this a good deal ?

2. Not sure on these finance deals and thought you lost your deposit. Salesman said this is not the case as the car will be worth much more than 13k epsecially with the miles i do and anything over the 13k is money i ahve tied up for another trade. is this the case ?

3. It seems to be as the monthly payment on similair priced cars for other makes are way higher. I aslo cant find anywhere else that will do as good a deal on the same car, anyone know anywhere else ?

Id love 170ps(1k), Multitronic(1.5k) and sat nav(2k) but cant push the payments up much more. Been trying to get the salesman to give me these options reduced but he is not budging as the car is reduced already.

4. what full spec is the s line executives and does it come with bang and oulfsen/premium stereo ?

5. What is the round control unit over the gearbox trim on some pics i have seen. It was not in the one i test drove, sat nav control ?

I was concentrating more on how the car drove when i took it out other than the spec !!!

[Geordie Amanda]

I’d recommend downloading the latest brochure from the Audi site as the ‘Build you Audi’ configurator is a bit out of date. As I recall the Exec S-Line has the Bose/Dab and 19” wheels.

[johny1980]

I’d recommend downloading the latest brochure from the Audi site as the ‘Build you Audi’ configurator is a bit out of date. As I recall the Exec S-Line has the Bose/Dab and 19” wheels.

ok i will look into doing that

the test car only had 18"a and thats what the salesman said it would be exactly like that

i think audi might have stop making these, rebadged them as special editions and the s line exec are stock cars they have in aberdeen

[Geordie Amanda]

ok i will look into doing that

the test car only had 18"a and thats what the salesman said it would be exactly like that

i think audi might have stop making these, rebadged them as special editions and the s line exec are stock cars they have in aberdeen

You are right, I think the Exec has been replaced by a Special Edition which has the big wheels and sound stuff. Although you lose the Alcantara inserts in the seats.

[Gary_W]

I can't be sure on the terms of this deal, so all of this advice is based on a lease deal I had a few years back. So if I have this wrong, apologies in advance. But if this is a standard lease deal like I had, you will indeed be 'losing' your £3000 as it's the down payment on the car.

You are also signing up in blood to £330 x 35 = £11,550.

So, after 3 years you will have given them £14,550. You will have had 3 years motoring. At that point, you can either give them the car back and walk away with nothing (your deposit is indeed lost) or you can give them £13,000 as the balloon payment on the car. If you are doing this, your final outlay for the car will have been £27,500. It's a good price for a car of this nature if you've financed it.

So at this point you've got a 3 year old car with X miles on the clock. You can run it for as long as you like or trade it in. Look at what you could trade it in for vs a new one. Will you get back the £13k out of the dealer? Maybe. Maybe not. If you get £16k back from them, you've had 3 years motoring in the car and in depreciation it will have cost you the monthly payments (£11,550).

Another thing that concerns me here is this..... if you are saying you cannot afford to push the payments any further upwards, how are you going to afford to save up the £13k balloon payment over the 3 years? That's another £360 per month you'll have to put aside so as you can actually do anything with the car other than give it back at the 3 year point (and in giving it back you've lost your initial £3k and you've paid them the £11,550 over 3 years) Unless you know you've got a lump sum coming, this could be an unhappy experience!

Take a look at the APR on this deal and go along to the moneysavingexpert website. If you have a decent credit rating (which you'll need to get the lease anyway) then look at bank loans for this. What I'm getting at here is if you CAN aford to pay the extra that you'd need to save anyway then you'll get a cheaper deal on a bank loan to pay the full amount over the 3 years. Even if the lease deal is good, you really really really need to make sure you can cover that £13k at the end!

Also, look into finance gap insurance on this - if your car is wrecked then your regular car insurance may not pay out enough to cover the amount of finance you owe on the car!

For me, the lease worked out well - I was getting a car allowance from work instead of a company car and it covered the monthly payments. I had put down a couple of grand up front and I then had a balloon payment of £7k. My B6 A4 has been run for another 3 1/2 years after this and is now my wife's car. We've had our moneys worth.

Moving onto the spec..... As to features etc, look at the Audi config tool on the website. It may have B+O (Audi don't do Bose anymore). But look at the regular SE spec price vs the SE Exec and decide if the extra is worth it or if you could go for a different engine etc rather than the exec spec. Spec yourself a car worth £28,500 and then (once you've got yourself sorted with all the finance stuff above) go and see him and tell him you want that YOUR spec of car for £25,500 with the rest of the deal he has offered. Be willing to walk away. If he sees you dribbling then you won't get it

Hope this helps

Gary

[ScottyUK]

Since I answered some of your same post on tyresmoke.net I'll refrain from doing so again but I'll just repeat that if you let me know the date of the car then I can send you the manual (from the last 18 months or so at least)

[pitch3110]

[QUOTE=ScottyUK;469452]Since I answered some of your same post on tyresmoke.net I'll refrain from doing so again QUOTE]

ditto

Pitch

[johny1980]

I can't be sure on the terms of this deal, so all of this advice is based on a lease deal I had a few years back. So if I have this wrong, apologies in advance. But if this is a standard lease deal like I had, you will indeed be 'losing' your £3000 as it's the down payment on the car.

You are also signing up in blood to £330 x 35 = £11,550.

So, after 3 years you will have given them £14,550. You will have had 3 years motoring. At that point, you can either give them the car back and walk away with nothing (your deposit is indeed lost) or you can give them £13,000 as the balloon payment on the car. If you are doing this, your final outlay for the car will have been £27,500. It's a good price for a car of this nature if you've financed it.

So at this point you've got a 3 year old car with X miles on the clock. You can run it for as long as you like or trade it in. Look at what you could trade it in for vs a new one. Will you get back the £13k out of the dealer? Maybe. Maybe not. If you get £16k back from them, you've had 3 years motoring in the car and in depreciation it will have cost you the monthly payments (£11,550).

Another thing that concerns me here is this..... if you are saying you cannot afford to push the payments any further upwards, how are you going to afford to save up the £13k balloon payment over the 3 years? That's another £360 per month you'll have to put aside so as you can actually do anything with the car other than give it back at the 3 year point (and in giving it back you've lost your initial £3k and you've paid them the £11,550 over 3 years) Unless you know you've got a lump sum coming, this could be an unhappy experience!

Take a look at the APR on this deal and go along to the moneysavingexpert website. If you have a decent credit rating (which you'll need to get the lease anyway) then look at bank loans for this. What I'm getting at here is if you CAN aford to pay the extra that you'd need to save anyway then you'll get a cheaper deal on a bank loan to pay the full amount over the 3 years. Even if the lease deal is good, you really really really need to make sure you can cover that £13k at the end!

Also, look into finance gap insurance on this - if your car is wrecked then your regular car insurance may not pay out enough to cover the amount of finance you owe on the car!

For me, the lease worked out well - I was getting a car allowance from work instead of a company car and it covered the monthly payments. I had put down a couple of grand up front and I then had a balloon payment of £7k. My B6 A4 has been run for another 3 1/2 years after this and is now my wife's car. We've had our moneys worth.

Moving onto the spec..... As to features etc, look at the Audi config tool on the website. It may have B+O (Audi don't do Bose anymore). But look at the regular SE spec price vs the SE Exec and decide if the extra is worth it or if you could go for a different engine etc rather than the exec spec. Spec yourself a car worth £28,500 and then (once you've got yourself sorted with all the finance stuff above) go and see him and tell him you want that YOUR spec of car for £25,500 with the rest of the deal he has offered. Be willing to walk away. If he sees you dribbling then you won't get it

Hope this helps

Gary

well the salesman said id have money tied up as long as i traded it in again

worse case scenario is i walk away which i might be willing to do and swallow the 3k loss

say car is still worth 16/17k

i can take a bank loan for 13k in 3 years and buy car and keep it or sell it pay loan off and use the 3/4k as a deposit again

looking at 3 year old audis i dont think its to unreasonable seeing as though i only do 7k a year

[Geordie Amanda]

Looking for a new A4 on finance deal;

Local Audi in aberdeen has 2.0 TDi 143 s-lines executives lowered from 28.5k to 25.5k with a further £500 contribution towards deposit & 5.7% APR.

So basically entails minimum deposit of £3000 from me and 35 x £330

Final optional payment of £13k

1. Basically wanting to know if this a good deal ?

2. Not sure on these finance deals and thought you lost your deposit. Salesman said this is not the case as the car will be worth much more than 13k epsecially with the miles i do and anything over the 13k is money i ahve tied up for another trade. is this the case ?

3. It seems to be as the monthly payment on similair priced cars for other makes are way higher. I aslo cant find anywhere else that will do as good a deal on the same car, anyone know anywhere else ?

Id love 170ps(1k), Multitronic(1.5k) and sat nav(2k) but cant push the payments up much more. Been trying to get the salesman to give me these options reduced but he is not budging as the car is reduced already.

4. what full spec is the s line executives and does it come with bang and oulfsen/premium stereo ?

5. What is the round control unit over the gearbox trim on some pics i have seen. It was not in the one i test drove, sat nav control ?

I was concentrating more on how the car drove when i took it out other than the spec !!!

PCPs can be great. I sold cars for a living a while ago and PCPs can really offer a better deal than HP (they are not that different in finance terms).

The current Audi PCP is based on 5.8 APR over 3 years (wish they would deal in flat rates instead) and even though the final GFV attracts interest too, it is still a great deal. The Audi deal where the dealer puts in say £2,000 includes £500 from Audi so the dealer is only using £1,500 of his profit in the metal.

The other good thing about the deal is, it will almost certainly be covered by the laws of halves and thirds. This is when you have paid of a third of the amount of the vehicle (including your deposit) the car can only be repossessed with a court order and better still, when you have paid off a half of the vehicles cost you can give it back to the finance company and walk away. I did this with a SEAT Toledo that owed about £5,500 and was only worth £3,000. There was no point in me paying the final GFV for a car that was not worth anything like that amount and by giving it back early, I not only got out of the deal legally but went and changed cars to something slightly better.

Currently my BMW is about £700 behind what it owes and my local dealer has been saying I should just chuck it back at BMW finance as I have reached the half way point of purchase price and buy a new car. I may do this if I go for an A4.

The bottom line for me is as I am looking at a 330D as well as an A4 and the 2 cars are almost exactly the same price when spec’d the way I want them, the difference in the to manufactures PCP deals is around £100 per month!!!! The Audi is much cheaper, partly because the GFV is lower and partly because the APR is much higher. BMW are offering a £1,750 incentive towards the car and I have included this amount in the above quoted figure.

Another tip is always be roughly honest about the figure you estimate for your annual mileage, but use a figure slightly lower. The reason is that if you said you wanted to do 20,000 miles a year your GFV would be £XXXX. If you then came back and the car had only averaged 16,000 miles a year and the market had dropped a bit so your car wasn’t even worth the original GFV, this would mean you still had to pay the original figure as you wouldn’t be able to clear it with a straight trade in. ie the poor market had sucked up the extra value of your now lower than expected mileage car. If however you said you only did 16,000 per annum and your GFV was £YYYY, then if you did say 18,000 per annum then you would just pay the surplus mileage at the agreed rate (probably about 7 or 8p/mile-worth checking on the Audi site) on the plus side, if you actually did 16,000 a year then everything would be huncky dory and you would have been paying a slightly lower monthly payment for all that time.

I hope that all makes sense, but if not, a decent Business manager will help take you through it

I think it is a good deal and I will definitely take it up if I go for the Audi and the PCP offer is still running.

[Geordie Amanda]

Looking again at your first post, it looks like the dealer is giving you most of the profit in the metal and most of his back end money to discount the car £3,000. The £500 will be the Audi contribution to the deal.