RS5 Sportback PCP
Discussion
If you really mean PCP and not PCH The monthly payment can be anything depends on how much deposit you’ve put down.
Be very analytical, look at the book cost of the car with all the extras. What, if any, discount you can get. Audi finance calculator has a dealer contribution of around £2500 on it for the RS5 at the moment what else can you negotiate?
What’s the interest rate? Audi standard on new cars appears to be around 5.9% but they reduce that to promote certain models
What is the final agreed value. They love to call call it the GFV but it is what you’ll owe at the end. RS models tend to have better residuals than lower models.
Look at what the car is going to cost you over the period you plan to own it. Eg deposit plus monthly payments assuming the GFV is all you get the end. Hopefully the car will have a bit more margin it than that. They’ve generally stop doing the really tight deals where you are better off surrendering the car rather than trading it in. They want a return customer
On the Audi finance calculator you can play with deposit and therefore monthly payments but the GFV (hate that) will not change unless you change the term. Hence look at 24 vs 36 vs 48 to model the depreciation curves. People often think a 48 month term will have lower monthly payments than a 36 but if the curve is right 36 can have lower payments. See what works for you!
Do the maths, be very analytical, don’t get sucked in by sales talk but if the deals right for you go for it.
As you may guess I am in a similar position and doing a lot of homework.
Good luck
Be very analytical, look at the book cost of the car with all the extras. What, if any, discount you can get. Audi finance calculator has a dealer contribution of around £2500 on it for the RS5 at the moment what else can you negotiate?
What’s the interest rate? Audi standard on new cars appears to be around 5.9% but they reduce that to promote certain models
What is the final agreed value. They love to call call it the GFV but it is what you’ll owe at the end. RS models tend to have better residuals than lower models.
Look at what the car is going to cost you over the period you plan to own it. Eg deposit plus monthly payments assuming the GFV is all you get the end. Hopefully the car will have a bit more margin it than that. They’ve generally stop doing the really tight deals where you are better off surrendering the car rather than trading it in. They want a return customer
On the Audi finance calculator you can play with deposit and therefore monthly payments but the GFV (hate that) will not change unless you change the term. Hence look at 24 vs 36 vs 48 to model the depreciation curves. People often think a 48 month term will have lower monthly payments than a 36 but if the curve is right 36 can have lower payments. See what works for you!
Do the maths, be very analytical, don’t get sucked in by sales talk but if the deals right for you go for it.
As you may guess I am in a similar position and doing a lot of homework.
Good luck
Ok, thanks.
I’m not planning to keep it, so all that matters to me is the monthly cost and deposit. I’ve had a few S cars well over the mileage and still managed to be ok on residuals.
One formal quote is:
£11879 deposit,
49months,
£676pcm
Optional final payment £35k
5.9%apr
Got the retail price set at £69099 for a carbon black with c&s unregistered
Interest rate is crap but they say it’s that on RS cars
I’m not planning to keep it, so all that matters to me is the monthly cost and deposit. I’ve had a few S cars well over the mileage and still managed to be ok on residuals.
One formal quote is:
£11879 deposit,
49months,
£676pcm
Optional final payment £35k
5.9%apr
Got the retail price set at £69099 for a carbon black with c&s unregistered
Interest rate is crap but they say it’s that on RS cars
By current Audi standards that is ok. Look at the online configuration and finance and see how your Offer compares. It looks like you’re getting the £2250 contribution plus a little bit more to sweeten the deal. The dealers seem to be playing quite hard at the moment due to shortage of new stock. Good luck!
LaurasOtherHalf said:
Good god, over £45k to pcp an Audi for 4 years and less than 40k miles!
I’m not against financing cars, I’ve done it in the past and will more than likely do it again in the future at some point but that is utter madness.
Or alternatively It’s a £75K car. Apart from the amount of interest you pay, What’s the difference between paying it all up front, doing a PCP with the ballon or doing a classic HP? It’s not a PCH so depending on residuals your cost over ownership over 4 years should be significantly less than £45K. RS have better residuals than most. As always it’s cost over time. I think this why a lot of people a moving back to PCP over PCH as it gives you more flexibility. You can make extra payments and knock the effective interest rate down if you want to or you can get out of it with a lot less cost than PCH..I’m not against financing cars, I’ve done it in the past and will more than likely do it again in the future at some point but that is utter madness.
LaurasOtherHalf said:
There’s ones on AT asking price of low £60ks, with only a couple of hundred miles (like 200).
I'd definitely get a finance quote for one of those "in-stock" cars. They should still qualify for the Audi finance contribution...Re GFV : You're still borrowing (and paying interest) on the full amount, regardless of the GFV. (In fact, with a higher GFV you're reducing the loan amount slower, so while your monthlies are lower your finance is costing you more in interest.)
LaurasOtherHalf said:
There’s ones on AT asking price of low £60ks, with only a couple of hundred miles (like 200).
I’d you think it’s going to be worth more than the GFV of £35k and you can have one new at £62k, there’s a chance your £40k to finance one could be more like £20k.
Hi, I can’t find a carbon black on AT with 200 miles on it for low 60’s. There’s a few standard carsI’d you think it’s going to be worth more than the GFV of £35k and you can have one new at £62k, there’s a chance your £40k to finance one could be more like £20k.
Hydraulicwave said:
LaurasOtherHalf said:
There’s ones on AT asking price of low £60ks, with only a couple of hundred miles (like 200).
I’d you think it’s going to be worth more than the GFV of £35k and you can have one new at £62k, there’s a chance your £40k to finance one could be more like £20k.
Hi, I can’t find a carbon black on AT with 200 miles on it for low 60’s. There’s a few standard carsI’d you think it’s going to be worth more than the GFV of £35k and you can have one new at £62k, there’s a chance your £40k to finance one could be more like £20k.
Only you can decide whether it’s worth £20,000 extra.
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