Audi RS5 Lease £355 6+23

[Tuvra]

In another Leasing thread someone mentioned a certain Audi Dealer doing deals. I looked through and didnt really see anything of interest until I came across this:

http://www.audi-lease.co.uk/vehicle/car/audi/rs5/c...

I remember the recent S5 for £300 deal but this trumps that IMO.

£355 + VAT (£426), 6 months deposit (£2,556) followed by 23 monthly repayments (£9,798) makes a total payment of £12,354 for 2 years and 20k miles in a £60k RS5. Seems pretty good No? Surely a catch?

[Du1point8]

You forgot business use only.

Or Im assuming business contract means no play time without penalties.

[Tuvra]

Du1point8 said:

You forgot business use only.

Or Im assuming business contract means no play time without penalties.

I thought everyone here was a Director and therefore didn't feel the need to mention this fact.

[Du1point8]

Tuvra said:

Du1point8 said:

You forgot business use only.

Or Im assuming business contract means no play time without penalties.

I thought everyone here was a Director and therefore didn't feel the need to mention this fact.

Its like getting a lambo on business mileage and not being able to actually use it when you have no work on as its 'not allowed'....

[bigandclever]

On the face of it it's a typo; it's a third of what others are pricing a lease at with those terms. Is it missing a '1' at the beginning

[StottyZr]

Du1point8 said:

You forgot business use only.

Or Im assuming business contract means no play time without penalties.

I don't understand this, what difference does it make to Audi? I assume its something to do with tax?

[Du1point8]

StottyZr said:

Du1point8 said:

You forgot business use only.

Or Im assuming business contract means no play time without penalties.

I don't understand this, what difference does it make to Audi? I assume its something to do with tax?

usually you are VAT registered and its VAT excluded on the price.

Personal includes VAT as you cant put a personal car through as a company asset or get it VAT deductible on your accounts for the year.

[StottyZr]

Du1point8 said:

StottyZr said:

Du1point8 said:

You forgot business use only.

Or Im assuming business contract means no play time without penalties.

I don't understand this, what difference does it make to Audi? I assume its something to do with tax?

usually you are VAT registered and its VAT excluded on the price.

Personal includes VAT as you cant put a personal car through as a company asset or get it VAT deductible on your accounts for the year.

Granted. I thought they'd be more to it than that!

I still don't see the difference it makes to Audi

Is it strictly "business use only" because thats the only way the car can be vat exempt? If the car is used for personal use at all (even if business insurance permits) is the sum now taxable?

[Dave Hedgehog]

Seams like a very cheap deal

I really like them, brilliant driving position and a stonking engine

Edited by Dave Hedgehog on Tuesday 28th August 12:30

[crazy about cars]

wow cracking deal! Too bad it is business only meaning you cannot keep the car

[J4CKO]

That doesnt make sense, surely it will depreciate more than the payments, a two year old one of these isnt worth 48 grand is it ?

Can they not shift them or something ?

[onesickpuppy]

crazy about cars said:

wow cracking deal! Too bad it is business only meaning you cannot keep the car

So if it was a private lease would you be able to keep the car? No.

'Business users only' is so that they can advertise a cheaper headline rate. You can still lease it privately, but you need to add the VAT. Cracking deal if it's for real though, you'd blow at least £20k on that car over two years if you paid cash.

[onesickpuppy]

J4CKO said:

That doesnt make sense, surely it will depreciate more than the payments, a two year old one of these isnt worth 48 grand is it ?

Can they not shift them or something ?

I used to sell BMWs and the 7 Series was 'supported' by the manufacturer to the tune of circa £12k on a Contract Hire deal. This means the car most definitely depreciated more than the payments, but it shifted metal without any transparent discounting.

Edited by onesickpuppy on Tuesday 28th August 12:30

[crazy about cars]

onesickpuppy said:

So if it was a private lease would you be able to keep the car? No.

'Business users only' is so that they can advertise a cheaper headline rate. You can still lease it privately, but you need to add the VAT. Cracking deal if it's for real though, you'd blow at least £20k on that car over two years if you paid cash.

Well yes if you pay the balloon? Unless I am mistaken? Still a cracking deal for having the latest RS5 for 2 years basically only paying for maintenance costs.

[onesickpuppy]

crazy about cars said:

onesickpuppy said:

So if it was a private lease would you be able to keep the car? No.

'Business users only' is so that they can advertise a cheaper headline rate. You can still lease it privately, but you need to add the VAT. Cracking deal if it's for real though, you'd blow at least £20k on that car over two years if you paid cash.

Well yes if you pay the balloon? Unless I am mistaken? Still a cracking deal for having the latest RS5 for 2 years basically only paying for maintenance costs.

Ah, ok. I'm assuming the OP actually meant Contract Hire rather than lease (and I was wrong to write lease), in which case you can't keep it. They may, however, let you buy it at a price decided by them. This may or may not be good value.

[McSam]

The "business use only" stuff isn't relevant because with the numbers worked out in the OP (£12k for two years), the VAT has been added on, so that's for a private customer

It's also absolutely bloody brilliant!

[crazy about cars]

McSam said:

The "business use only" stuff isn't relevant because with the numbers worked out in the OP (£12k for two years), the VAT has been added on, so that's for a private customer

It's also absolutely bloody brilliant!

I've seen quite a lot of offers with "business use only" on them. I guess this is slightly misleading then if this is not really the case. Might as well put "+VAT unless business use"?

[edo]

typo. guarantee it.

[J4CKO]

Ah so it is a way of selling cars that would otherwise probably not move and a way of introducing some used stock, good deal for the punter then as for £426 a month there isnt usually much oportunity to get in a high end car like that, I could probably even afford that.

Wonder how many private punters actually buy new Audis cash, cant be that many.

[anonymous-user]

Considering the same site is offering a 1.8TFSI A5 Convertible under similar terms for just £6 less a month despite being nearly half the retail price i think it is fair to say it is a typo.