Twenty years of company cars have left me totally ignorant of the best way to actually buy a car...
I'm about to order an RS4 Avant (per my other post) and was planning on actually paying for the thing, but reading more leads me to think I might be doing the wrong thing
The car will be a weekend / holiday / track / work (occasionally) toy more than a daily runaround; parked in central London with associated dents and dings to deal with and straighten. Would be the family replacement for the S4, but Ken's latest stunt of no residents discount for high emission cars (and a planned increase in daily rate to £25) means the school run car needs to be leaner! Certainly no more than 8k p/a mileage and there's likely to be something else (Audi I hope) that takes my fancy in 3 years or so
Does anyone have any suggestions - I'm talking method rather than specific broker - especially since it seems some use the forum for business. Happy to consider any option from outright purchase to highway robbery...
Really appreciate the advice so far - I might not have ordered the car yet, but I bought an RS04 plate today!
Finance (Can of Worms?)
RE: Finance (Can of Worms?)
If you have the cash to buy the car outright, then that will be cheaper than any loan/finance deal. The interest earned on £50k in the bank is going to be far less than the interest you'll pay on a £50k loan...if that makes sense.
If you have some deposit money and need to make up the difference with either a finance package or loan, then I think finance is a preferred option from many on here! I personally would either get a non Audi finance package or loan, ie so you are not tied in with Audi if it all goes Pete Tong!
I think a user on here, Kam100, has sorted a few people out. Drop him a PM.
Also, try searching "finance" on here, it has been discussed many times.....
Dave
If you have some deposit money and need to make up the difference with either a finance package or loan, then I think finance is a preferred option from many on here! I personally would either get a non Audi finance package or loan, ie so you are not tied in with Audi if it all goes Pete Tong!
I think a user on here, Kam100, has sorted a few people out. Drop him a PM.
Also, try searching "finance" on here, it has been discussed many times.....
Dave
APR 270bhp S3, Mixer K6 750
Cheap performance tip - lie the rear seats flat
Cheap performance tip - lie the rear seats flat

Kam is definately the person to talk to.
He has arranged finance for me on a number of cars and I would hightly recommend him.
kam@mhasnain.co.uk
He has arranged finance for me on a number of cars and I would hightly recommend him.
kam@mhasnain.co.uk
It would be nice if these people who charge a pretty penny for their services put a little something into the site.....
We will soon have a Site Sponsor offering finance options with excellent rates and exceptional service.
We will soon have a Site Sponsor offering finance options with excellent rates and exceptional service.
RS246 Shop - RS246 Window Stickers and RS6 Keyrings
Current : 2016 Audi SQ7 & Radical SR3 Supersport
Ex : 2010 Nissan GT-R Premium Edition, 2014 Audi S3 Sportback, 2007 Audi Q7 4.2 TDI, Clio 172 Cup, B5 RS4, C5 RS6+ (249/999), S2 Coupe, Ex-Police Senator 3.0 24v, Ford Escort 1.3
Current : 2016 Audi SQ7 & Radical SR3 Supersport
Ex : 2010 Nissan GT-R Premium Edition, 2014 Audi S3 Sportback, 2007 Audi Q7 4.2 TDI, Clio 172 Cup, B5 RS4, C5 RS6+ (249/999), S2 Coupe, Ex-Police Senator 3.0 24v, Ford Escort 1.3
Iain M @ Pitstop automotive all the way.....
Sorted my RS4 finance out and is an absolute gem. Will help you with whatever you need and isnt at all pushy. Say Duncan sent you.
www.pitstopautomotive.co.uk
He is a user on here so I am guessing he might be along at somepoint...
Sorted my RS4 finance out and is an absolute gem. Will help you with whatever you need and isnt at all pushy. Say Duncan sent you.
www.pitstopautomotive.co.uk
He is a user on here so I am guessing he might be along at somepoint...
06 RS4 B7 Ebony Black
Thanks to everyone for their comments / suggestions, but I fear I might not have been clear enough in my original post.
Rather than looking for suggestions of specific financiers, I'm really asking how best to buy a car (given my likely usage and length of ownership)
More than happy to buy without any form of finance (and agree with davidm's view that this is more cost efficient way) but was just wondering what the best from of ownership is - outright or on some form of contract or lease. Are there benefits to the latter which might outweigh any interest charge, or is the general rule that if you've got the cash then use it?
Much appreciated
Rather than looking for suggestions of specific financiers, I'm really asking how best to buy a car (given my likely usage and length of ownership)
More than happy to buy without any form of finance (and agree with davidm's view that this is more cost efficient way) but was just wondering what the best from of ownership is - outright or on some form of contract or lease. Are there benefits to the latter which might outweigh any interest charge, or is the general rule that if you've got the cash then use it?
Much appreciated
Methods of financing generally are cash, straight HP, Lease Purchase (HP with a balloon), PCP or contract hire.
The answer to your question depends on circumstances. If you are buying the car for private use, are unsure of your annual mileage or indeed how long you want to keep the car for then i would suggest instalment credit i.e. HP or LP. If you want to build up equity then pay the debt off with HP or if you want minimum instalments then consider a balloon payment (at your risk) with LP - A variable rate balanced payments plan would allow you to settle early or make overpayments with no or minimal penalty.
PCP and contract hire are useful if you know your mileage, tend to change your car in a cycle i.e. every 3 years and don't want to carry the risk of future value of car / want a fully maintained package - however these plans can be expensive and inflexible if you want to get out early.
I hope this helps, let me know if you want more information specific to your circumstances.
Jamie
The answer to your question depends on circumstances. If you are buying the car for private use, are unsure of your annual mileage or indeed how long you want to keep the car for then i would suggest instalment credit i.e. HP or LP. If you want to build up equity then pay the debt off with HP or if you want minimum instalments then consider a balloon payment (at your risk) with LP - A variable rate balanced payments plan would allow you to settle early or make overpayments with no or minimal penalty.
PCP and contract hire are useful if you know your mileage, tend to change your car in a cycle i.e. every 3 years and don't want to carry the risk of future value of car / want a fully maintained package - however these plans can be expensive and inflexible if you want to get out early.
I hope this helps, let me know if you want more information specific to your circumstances.
Jamie
performancecarfinance.co.uk - click here to visit our website!
'07' Porsche 911 (997) C2S - Meteor Grey
'57' Audi A4 Avant 2.0 TDi S Line Special Edition
'07' Porsche 911 (997) C2S - Meteor Grey
'57' Audi A4 Avant 2.0 TDi S Line Special Edition
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