Jump to content

audi finance


kenny_boon
 Share

Recommended Posts

They took it off when everyone else rates came down and theirs didn't!! smile.gif

If you need to work out repayments try this.....

http://www.dynamic-webs.co.uk/information/car_loan_calculator.html

I would work on 7% for most lenders who do balanced payments with a 50% residual after 3 years or 45% after 48 months, or put 11% in if you want an idea of what Audi will try and get away with! ROLLEY~14.GIF

Link to comment
Share on other sites

Plenty of banks offering loans at around 6.5% APR, so you should negotiate hard to get the dealer down to 7%.

Also, negotiate on the car first, then only when you are happy that the deal on the car itself is good, should you discuss finance.

Why not try lombard direct or one of the other on-line loan providers?

Sidicks

Link to comment
Share on other sites

[ QUOTE ]

Work for a bank... it's about the only time I feel a perk these days since every benefit has been taxed to death.

Then again I'm pretty sure my wife Merc has a 3.6% apr agreement...

[/ QUOTE ]

.........which must be being subsidised by the dealer (or Mercedes UK), so I guess potentially you could have got a bigger discount on the car by paying cash?

Sidicks

Link to comment
Share on other sites

[ QUOTE ]

im wanting to go down the route with a balloon payment at the end so not sure how many do such?

[/ QUOTE ]

Loads of lenders will be able to do it with a balloon.

Why not speak to Gareth, this is exactly what he does, he will find you the best deal, it isn't always about apr anyway, there is loads of other things that actually make up what you pay.

Link to comment
Share on other sites

  • 1 month later...

I found the loan calcuator very useful. I was looking at 36M LP for my new TTR and copied down the figures from the dealer.

They claim it was 6.5% APR (unregulated, won't write it down etc) but I did some rough numbers myself using the logic of borrowing the final payment for three years and the balance (ex the deposit) divided by two (as reducing balance) for three years.

So, say, £30k car, £5k down, £15k final payment would be an average borrowing of £20k over three years and then inverse compound it back. Anyway I reckoned it was double digit APR. The loan calculator has suggested 11% which amazes me!

Link to comment
Share on other sites

I know, it amazes me, they seem to blatently lie about the figures!

When I was looking at an S4 he gave me a finance deal telling me it was 6.5% apr, it was 10.9% apr. He kept telling me I was wrong, I then gave him teh figures I had from lombard and tere finance guy actually said "Don't bother trying to get him to finance it with us, he knows what he is talking about"

WTF!

Link to comment
Share on other sites

[ QUOTE ]

I know, it amazes me, they seem to blatently lie about the figures!

When I was looking at an S4 he gave me a finance deal telling me it was 6.5% apr, it was 10.9% apr. He kept telling me I was wrong, I then gave him teh figures I had from lombard and tere finance guy actually said "Don't bother trying to get him to finance it with us, he knows what he is talking about"

WTF!

[/ QUOTE ]

Sounds like your experience is exactly the same as mine. Because lending over £25k or whatever it is is unregulated then they can say what they want. My man would not confirm the APR in writing which says a lot.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...