Advice on an Audi TT 1.8 sport personal lease - Urgent!

[jackparsons1994]

Hi all,

My first post on here...

I'm looking to lease a new Audi TT Roadster 1.8 sport. The price I've managed to get is for £308 per month with 6 months upfront (6+35), 3 years total, 9000miles pa, Metallic paint and Audi Sound system added options included in price.

Is this a good deal? Advised that the service plan is not needed as I'm likely to only need 2 services throughout the entire lease. This is purely an over the phone deal as the dealership is located 4 hours from me (200+) miles.

The salesman said he is holding a build slot and that I need to make a decision within the next 24 hours (not a fan of the pressure but hey ho it's much cheaper than local dealerships).

By the time the car is ready I would earn around £1470 per month after tax and pension contributions so it doesn't seem to be a huge chunk? Please let me know if you think differently!

I currently pay £245.57 monthly for a 1.2 VW polo on PCP (young guy buying his first new car and mistakes were clearly made!).

Also any advice on how many services it would need in the 3 year/27000mile period with rough pricing would be helpful.

Any advice would be hugely appreciated!

[davamer23]

£12600 to borrow a TT for 3years 27000 miles. That's not far off 50% of its list price. As a guide to good deals on lease I don't think it's very good. I'm sure someone will come along in a minute to give more help. Try here though http://www.pistonheads.com/gassing/topic.asp?h=0&a...

[davamer23]

Found this 1st one on the list in search https://www.contracthireandleasing.com/car-leasing... Keep searching, you'll find a better deal. Try other dealers. Ask to speak to fleet manager.

Edited by davamer23 on Friday 3rd March 21:48

[jackparsons1994]

Really appreciating the responses, bare in mind that mine is the roadster model with metallic paint and the Audi sound system. Standard roadster no extras roughly £280 inc vat 6 months deposit for 9000 miles PA

[anonymous-user]

Why lease when it's so expensive? Seems like you'd be better off just getting a price from a broker and buying it with a bank loan, or even on PCP. You're basically just funding the depreciation with this lease so may as well have the chance to build up a bit of equity in the car and the flexibility to chop and change if you feel like it instead.

Leasing definitely has it's place if the deal is good, but this is pretty poor really.

It's your choice but does it have to be new? That monthly budget could get you into high spec two or three year old car with low mileage and you'd be much better off as you'd have equity in the car once you'd paid off the finance. A base spec new car just doesn't seem that attractive to me in comparison.

Edited by anonymous-user on Friday 3rd March 22:25

[jackparsons1994]

I like the idea of new because of warranty with no unexpected costs etc. PCP on the car required a 7k deposit and higher monthly payments.

I've got my eye on the TT as it's a car I've always wanted, not that I'd like to be pulled into a bad deal to get it though. I've looked quite a bit but if anyone can help me find a better offer on this I'd be extremely grateful. It's slightly over my budget that I'd feel completely comfortable with but as it's pretty much my dream car...

[jackparsons1994]

davamer23 said:

£12600 to borrow a TT for 3years 27000 miles. That's not far off 50% of its list price. As a guide to good deals on lease I don't think it's very good.

The ROTR for this car is £30,665,00 though so £12628 total would be 41%?

I feel so clueless

Edited by jackparsons1994 on Friday 3rd March 22:50

[tonyb1968]

Have you also taken into consideration insurance costs for this car?

[jackparsons1994]

Insurance is a £300 increase to my current premium and GAP was roughly £120-£150 when I checked independently.

[Yipper]

That is a terrible price for the TT.

You can get an Alfa 4C from Unity Oxford for ~£300 a month if you move fast. A ~£50k car, prettier, significantly faster, and better badge than the TT.

Dealership is Alfa Romeo Unity Oxford. Contact Lauren on: [e-mail].

Thread here:

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

[jackparsons1994]

That Alfa is significantly out of my budget but thanks anyway. I just need help locating a better deal for this TT. What would you guys expect to pay on a 30k car in terms of leasing?

[andy101093]

No more than 25% RRP over 2 years & 10,000 miles (i.e. £312 p/m amortised).

[briang9]

what is an Audi sound system? I have two Audis and not sure what that is?

[Yipper]

jackparsons1994 said:

That Alfa is significantly out of my budget but thanks anyway. I just need help locating a better deal for this TT. What would you guys expect to pay on a 30k car in terms of leasing?

The Alfa is only ~£20 a month more than the TT... not even half a tank of petrol...

TT = £29k car...
Alfa 4C = £52k car...

[jackparsons1994]

And 9 months down rather than 6. Regardless, it's too high. The Audi sound system is the upgrades speakers with bass speakers in the doors. Not quote B&O but much cheaper.

Edited by jackparsons1994 on Saturday 4th March 08:42

[Fipster]

Looks like after fuel & insurance you'll be spending 1/3 of your net income on a car that you'll have to hand back after three years. To answer your question, yes, it does seem like a big chunk.

[lewisf182]

You can get used new shape TT's for just over £20k, that's what i'd be buying.. with a loan over say 6 years you'd have positive equity at most points through ownership. You'd still have a few years warranty plus you can extend that if you want to.

[jackparsons1994]

Buying the car with a loan would be too much money for too long a period I'm afraid, especially with potential extra costs in terms of repairs. Are there likely to be good deals on TT leases if I were to wait around?

[wemorgan]

Urgent?

There is no need for urgent action with that deal. It's just the regular online price.

If I were in your position I'd buy a second hand tt or mx5.

ps. You're right to say 9+23 is not the same as 6+35 @ £300. The difference is nearer to £60/month

[cat with a hat]

OP you need to take your rose tinted spectacles off.

The TT deal is st and you'd be a fool to go for it.

I'm sorry but someone has to tell you.