2012 Audi A6

mayo01

Hi Folks

Does anyone know about this offer that Audi are heavily promoting for teh new A6 at €399 per month. I know there is a deposit payable and a guaranteed future value. At the end of the three years, if you don't want the car, you can simply hand it back or else purchase it for the agreed value.

I am thinking of paying a deposit of circa €10k and then financing the car this way.

Is this a bad deal?

R.O.R

mayo01 wrote: »

Hi Folks

Does anyone know about this offer that Audi are heavily promoting for teh new A6 at €399 per month. I know there is a deposit payable and a guaranteed future value. At the end of the three years, if you don't want the car, you can simply hand it back or else purchase it for the agreed value.

I am thinking of paying a deposit of circa €10k and then financing the car this way.

Is this a bad deal?

That's a very good deal, but there will be a mileage limitation. Usually it's quite low, but I couldn't see what it is on the Audi website - wouldn't surprise me if it's either 12,000km or 15,000km. If you do around or under the mileage limit, and can come up with the 30% deposit (more than the 10K you were thinking of) then it's worth it. If you do bigger mileage then there are probably hefty excess mileage penalties.

alexmcred

I think the Audi lease plan has a mileage limitation of 40k km's you can get higher but the cost per month goes up after that

Link to info on it

SJT1

The mileage limitation is 60,000kms after 3 years and only applies when your doing the handback. If you go over the 60,000kms and wish to hand back the car and walk away there's a 15c per km charge over the 60k. The product is designed so you can trade in your car in 3 years time, clear the final payment with it and start again, if you want to keep the car longer than 3 years pay the final payment or refinance it. The example of €399/month is based on the A6 2.0TDI SE which starts at €44,000 and the deposit in this example is 30%(€13605) the price of the new A6. The APR in only 5.2% which is very low compared to the main banks

mickdw

These balloon deals work better imo when the balloon payment is smaller than proposed here.
Typically a car on one of these deals will be worth a fair amount more than the balloon figure, thereby giving a deposit towards next purchase. On this deal, the final payment is around 19k. A 3 year old A6 is not going to be worth a massive amount more than that so it will be difficult for a buyer to throw another 13k up front at the next car purchase in order to get into a similar car.

Something along the lines of 36 x €550 monthly payments with balloon of €17000 and a deposit of €10000 would be more sustainable for majority of buyers as if the car was worth 23 to 24k at end of term, at least you would have 6 or 7k of a deposit to go for another car under a similar scheme.

Still, I suppose the objective for audi is to get cars out the door for now with hopefully an improved economy in 3 years time.

SJT1

Your right, the biggest gamble at the moment is the value of your car in three years time. Now, 3 year old A6's are in the €25/26k area, that leaves you with a bit of equity, the risk is if the market gets worse and in 3 years time eats up all your equity. At least your protected from negative equity if the value of the car goes completely belly up!

Guy:Incognito

Have we come full circle? The whole balloon payment thing seemed to die out around the late 90's I thought, replaced by normal 10% deposit and the rest in regular payments type finance.

The option to hand it back after 3 years, while sounding nice on its own, but with a 10k deposit means you've paid 25k just to rent the car for 3 years.

Drummerboy08

Guy:Incognito wrote: »

Have we come full circle? The whole balloon payment thing seemed to die out around the late 90's I thought, replaced by normal 10% deposit and the rest in regular payments type finance.

The option to hand it back after 3 years, while sounding nice on its own, but with a 10k deposit means you've paid 25k just to rent the car for 3 years.

It's basically Contract Hire for a private punter, why Audi haven't called it this is beyond me.

Contract Hire is of no real benefit to a private individual here, they can't claim VAT back,and have no use for the other benefits that Contract Hire offers.

-Corkie-

Drummerboy08 wrote: »

It's basically Contract Hire for a private punter, why Audi haven't called it this is beyond me.

Contract Hire is of no real benefit to a private individual here, they can't claim VAT back,and have no use for the other benefits that Contract Hire offers.

I am half tempted by this offer as I would be a business customer. The wife would divorce me though...

Drummerboy08

-Corkie- wrote: »

I am half tempted by this offer as I would be a business customer. The wife would divorce me though...

Look into it, but I'm not sure if it actually is a Contract Hire agreement. It's the same basic principle, but it could be just Hire Purchase with a balloon, in which case I don't think any VAT can be claimed back.

If it's Contract Hire, a portion of the payable VAT can be claimed back once the car is in bands A/B/C for motor tax purposes.

Guy:Incognito

Drummerboy08 wrote: »

It's basically Contract Hire for a private punter, why Audi haven't called it this is beyond me.

Contract Hire is of no real benefit to a private individual here, they can't claim VAT back,and have no use for the other benefits that Contract Hire offers.

Do you even get any benefits like servicing or is it basically like you own the car (ie you pay for everything extra yourself)

-Corkie-

Drummerboy08 wrote: »

Look into it, but I'm not sure if it actually is a Contract Hire agreement. It's the same basic principle, but it could be just Hire Purchase with a balloon, in which case I don't think any VAT can be claimed back.

If it's Contract Hire, a portion of the payable VAT can be claimed back once the car is in bands A/B/C for motor tax purposes.

Ill think about it but my accountant told me today that I am wasting my time being in business and to pull the plug... I cannot see myself getting finance going by my accounts even though I can afford the payments no bother..:(

Drummerboy08

Guy:Incognito wrote: »

Do you even get any benefits like servicing or is it basically like you own the car (ie you pay for everything extra yourself)

A fleet company can offer a Maintenance contract to run along side the lease, but it's an extra cost based on the type of car, term and mileage. Usually covers routine scheduled servicing, tyres, brakes, roadside assistance, etc.

I don't think this Audi deal has an option for this, but I'm not sure if Audi offer service packs like BMW do to customers.

-Corkie- wrote: »

Ill think about it but my accountant told me today that I am wasting my time being in business and to pull the plug... I cannot see myself getting finance going by my accounts even though I can afford the payments no bother..:(

If you're VAT registered, and registered as a LTD company, most finance houses will look at the possibility once the business is sustainable isn't isnt making stupid losses.

-Corkie-

Thanks Drummerboy we make a profit allrite but nothing like a few years ago. I bought a A8 in late 08 and had to get rid of it for obvious reasons. I might try a bit of sweet talking at home..:)

alexmcred

-Corkie- wrote: »

Thanks Drummerboy we make a profit allrite but nothing like a few years ago. I bought a A8 in late 08 and had to get rid of it for obvious reasons. I might try a bit of sweet talking at home..:)

I find arriving home with them as a surprise does the trick lol

Kevwoody

-Corkie- wrote: »

Thanks Drummerboy we make a profit allrite but nothing like a few years ago. I bought a A8 in late 08 and had to get rid of it for obvious reasons. I might try a bit of sweet talking at home..:)

If you couldn't afford an Audi 3years ago do u not think buying a brand new one now after your accountant told you you're making no money is a bit foolish?

-Corkie-

Kevwoody wrote: »

If you couldn't afford an Audi 3years ago do u not think buying a brand new one now after your accountant told you you're making no money is a bit foolish?

You only live once..;)

Kevwoody

You only live once..;)[/Quote]
Well I suppose that's true, unfortunately I speak from experience.i was in business for 10 years up until 2008, looking back it was buying new machinery just to be a flash git that done me in!

mickdw

Im in a similar situation Corkie. Self employed and not a hope of getting finance really the way things are now. Made a few bob in the good times and ticking over now so can afford a new car but the figures are not great on that deal imo as I stated in earlier post. One advantage though is that I dont have a wife to try to talk around so all is possible
Was really only considering buying something alittle dearer than my own and not going with any finance at all. Better option all round I guess.

Tea 1000

9,300 per year for an underpowered A6 doesn't sound like a good deal to me, especially seeing as after forking out 28 grand over the 3 years aside from running costs, you're left with nothing.
I'd say you could pick up a 2011 demo for around 38k straight deal, throw your 14k up front payment at that and borrow the remaining 24k, and after three years of repayments you own the car.

R.O.R

Tea 1000 wrote: »

9,300 per year for an underpowered A6 doesn't sound like a good deal to me, especially seeing as after forking out 28 grand over the 3 years aside from running costs, you're left with nothing.
I'd say you could pick up a 2011 demo for around 38k straight deal, throw your 14k up front payment at that and borrow the remaining 24k, and after three years of repayments you own the car.

177ps is underpowered now for a large saloon? That must explain why all the old model 140bhp A6's I see are just about moving at 2kp/h :rolleyes:

pburns

Tea 1000 wrote: »

9,300 per year for an underpowered A6 doesn't sound like a good deal to me, especially seeing as after forking out 28 grand over the 3 years aside from running costs, you're left with nothing.
I'd say you could pick up a 2011 demo for around 38k straight deal, throw your 14k up front payment at that and borrow the remaining 24k, and after three years of repayments you own the car.

R.O.R wrote: »

177ps is underpowered now for a large saloon? That must explain why all the old model 140bhp A6's I see are just about moving at 2kp/h :rolleyes:

It's light too - aluminium used for a lot of body panels. So 177bhp should be plenty. All have leather, all that's missing is nav in standard kit.

Leonard Hofstadter

The 3.0 TDI is in the same tax band as the 2.0, so that's the one I'd be having:)! I agree that 177 bhp should be plenty in a car the size of an A6, but the 3.0 has six cylinders and that makes a difference:)!

mickdw

Is 3.0 really in the same tax bracket?

Tea 1000

R.O.R wrote: »

177ps is underpowered now for a large saloon? That must explain why all the old model 140bhp A6's I see are just about moving at 2kp/h :rolleyes:

I'll withdraw that statement then, 177 is adequate for a car in that class. I didn't care enough about the A6 to bother checking if Audi got rid of 136bhp entry diesel, which was too little for a car in that class.
If I pay nearly 45k on what's supposed to be an executive saloon I expect more than 136bhp.

-Corkie-

mickdw wrote: »

Is 3.0 really in the same tax bracket?

I didnt think it was myself. I thought it was band C..

The 3.0 would be a lot dearer over the 2.0 given its quattro.

Tea 1000

-Corkie- wrote: »

I didnt think it was myself. I thought it was band C..

The 3.0 would be a lot dearer over the 2.0 given its quattro.

You're right, the 3 litre 204bhp is in Band C, the 245bhp and the 313bhp are in D.

R.O.R

There is a 204ps model that's FWD and comes with the Multitronic box. Its band B (133g auto, 136g manual), the quattro versions are as above and band C or D depending on power output.

Off topic, but I was putting together pricing on a 530d for someone earlier. It's cheaper to get the Auto (by a couple of hundred quid) than it is to get the manual, because the Auto box drops the Co2 emissions in to Band B.

-Corkie-

R.O.R wrote: »

There is a 204ps model that's FWD and comes with the Multitronic box. Its band B (133g auto, 136g manual), the quattro versions are as above and band C or D depending on power output.

Off topic, but I was putting together pricing on a 530d for someone earlier. It's cheaper to get the Auto (by a couple of hundred quid) than it is to get the manual, because the Auto box drops the Co2 emissions in to Band B.

I would have thought Quattro would have come with the 3.0 actually. You would be mad to get a FWD with that power imo..

R.O.R

-Corkie- wrote: »

I would have thought Quattro would have come with the 3.0 actually. You would be mad to get a FWD with that power imo..

quattro's are a 3.0Tdi, with the S-Tronic box (DSG). I'd say the FWD model is a bit of a pig - the A5 with the 2.7 190ps was bad enough.

I've driven a few of the 245ps models, and that is a rapid car, without really feeling like it. I would love to get my hands on the 313bhp - 0-100km in a shade over 5 seconds is impressive for a large saloon, and quicker than the 3.0TFSI quattro.

Gophur

R.O.R wrote: »

There is a 204ps model that's FWD and comes with the Multitronic box. Its band B (133g auto, 136g manual), the quattro versions are as above and band C or D depending on power output.

Off topic, but I was putting together pricing on a 530d for someone earlier. It's cheaper to get the Auto (by a couple of hundred quid) than it is to get the manual, because the Auto box drops the Co2 emissions in to Band B.

It's great to have such slaves doing such valuable research so far in advance.

Keep up the good work!

Anything on the BMW F30 3-series x-drive?

gonko

R.O.R wrote: »

-Corkie- wrote: »

I would have thought Quattro would have come with the 3.0 actually. You would be mad to get a FWD with that power imo..

quattro's are a 3.0Tdi, with the S-Tronic box (DSG). I'd say the FWD model is a bit of a pig - the A5 with the 2.7 190ps was bad enough.

I've driven a few of the 245ps models, and that is a rapid car, without really feeling like it. I would love to get my hands on the 313bhp - 0-100km in a shade over 5 seconds is impressive for a large saloon, and quicker than the 3.0TFSI quattro.

I would guess the main buying focus with an audi would be comfort as opposed to engine power or whatever poke the car had. The new ones look really well inside. More gizmos than the shuttle ha

R.O.R

Gophur wrote: »

It's great to have such slaves doing such valuable research so far in advance.

Keep up the good work!

My extensive research is purely for the good of my customers, I get no pleasure at all doing this sort of thing.

Gophur wrote: »

Anything on the BMW F30 3-series x-drive?

Nowt in t'brouchure / print out that I got from BMW on Monday after a hard slog of customer research, around the Sally Gap, in a 320d Sport Auto.

mad m

mayo01 wrote: »

Hi Folks

Does anyone know about this offer that Audi are heavily promoting for teh new A6 at €399 per month. I know there is a deposit payable and a guaranteed future value. At the end of the three years, if you don't want the car, you can simply hand it back or else purchase it for the agreed value.

I am thinking of paying a deposit of circa €10k and then financing the car this way.

Is this a bad deal?

Seen in the Brochure, its the A4 thats 399 a month, the A6 is 500+...I bought a 07 Honda Accord, got it with the SSIA. Been doing the maths, bought it for around 32k so now after 5years its worth around 10/11k tops...So I suppose basically this is what Ive lost a month (399)...car dealers are giving me the usual (oh its Petrol,2litre) yada yada...

Tea 1000

mad m wrote: »

Seen in the Brochure, its the A4 thats 399 a month, the A6 is 500+...I bought a 07 Honda Accord, got it with the SSIA. Been doing the maths, bought it for around 32k so now after 5years its worth around 10/11k tops...So I suppose basically this is what Ive lost a month (399)...car dealers are giving me the usual (oh its Petrol,2litre) yada yada...

The Accord is better than the A4, so keep that!

mickdw

mad m wrote: »

Seen in the Brochure, its the A4 thats 399 a month, the A6 is 500+...I bought a 07 Honda Accord, got it with the SSIA. Been doing the maths, bought it for around 32k so now after 5years its worth around 10/11k tops...So I suppose basically this is what Ive lost a month (399)...car dealers are giving me the usual (oh its Petrol,2litre) yada yada...

Not on the particular deal Audi are advertising all over the TV. Its 399 for a6 but with 30% deposit and a final payment of 19.5k.

That A6 deal seems fairly sh1t to me, €10,000/annum (averaging out the deposit) to drive an A6 from new for 3 years and than hand it back or throw another €20K (guts of) at them. €10,000/annum is mortgage money. Fair enough for Ltd company folk with loads of post salary cash knocking about in the account monthly, but for private individuals I can't see the appeal.

R.O.R

RoverJames wrote: »

That A6 deal seems fairly sh1t to me, €10,000/annum (averaging out the deposit) to drive an A6 from new for 3 years and than hand it back or throw another €20K (guts of) at them. €10,000/annum is mortgage money. Fair enough for Ltd company folk with loads of post salary cash knocking about in the account monthly, but for private individuals I can't see the appeal.

Biggest benefit of the scheme is the removal of the residual risk. Anyone who did a similar thing (with a gauranteed future value) in 2007 / 2008 would have been rubbing their ***** with glee come hand back time.

The value they have in the PCP is on the money, so if there are any changes to VRT then it will be the best way to drive a new A6 for 3 years. If there aren't changes, then it will still cost more or less the same to own one for 3 years anyway, but you are getting finance at a decent rate here.

lomb

It just shows how worryingly expensive it is to drive a fairly average new car in Ireland. Ok the A6 is mid range, but its FWD as opposed to quattro which Id certainly want if I was paying 10 grand a year.