What do you guys think of this car and deal...

[RS6MAN]

Hi guys
Coming from my m3 competition pack ive been looking for a rs6.
Ive been offered the following:
https://www.autotrader.co.uk/classified ... obcid=soc4

What you guys think of the spec?

This is what theyve offered me on the finance; plus they powdercoating the wheels for me free at first they quoted 100/wheel.

The deal is £655.66 X48 1 X £40,707.50 (GMFV)

This includes GAP insurance and Tyre and Alloy Insurance.

Shall i pull the trigger on this???

[RS6MAN]

Please guys be quick lol

[MikeFish]

Is it a Performance?

[RS6MAN]

Is it a Performance?

Yes a performance pack 605ps?

[rtd]

The spec is pretty standard but they are well optioned in base form anyway the big plus i suppose is that it’s a performance and relatively new and low miles.


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[mrmerle]

Can't comment on spec but I'm in a similar position to you at the moment, what's size is your deposit and what APR is the finance on? (your figures add up to £72,178.68 so assume something is missing as the car is listed at £75k?)

If you're with Lloyds you could try their car finance product (around 4-5% APR) On a similar prospective PE purchase I could be saving the best part of £10k in interest payments over the dealer finance. My dealer also offered GAP/RTI cover at just under £1k, er no thanks, can source essentially the exact same cover myself for a third of the price. I guess tyre and alloy cover on an RS6 may be a wise investment?

[ab54666]

Either your getting a big discount or the numbers are wrong somewhere.

[RS6MAN]

Either your getting a big discount or the numbers are wrong somewhere.

Its part discount. Im surprised the residual value is at 40k bmw on a brand new m5 over 4 years quoted me a residual of 30k.
Why is audi so much more? If think it to be less considering its prob the last ones before the new model

[ab54666]

Part discount part what?

Hard to say if value as depends on what the total cost is. The above is £72k ish, if your depositing 20k it’s a bad deal!!

[RS6MAN]

Part discount part what?

Hard to say if value as depends on what the total cost is. The above is £72k ish, if your depositing 20k it’s a bad deal!!

Yes was going to put 15k + 3500 equity from my m3 comp pack.
I need the monthlies low as poss. What do you guys reccommend?

[mrmerle]

Purchase price £75,000.00
Deposit £18,500.00

To fund £56,500.00
Monthlies £31,471.68 (48x £655.66)
Sub-total £49,971.68

Balloon £40,707.50
Total £90,679.18

You’re effectively paying £50k to drive the car for four years, £90k to own it outright. I think the APR on that deal is somewhere around the 8% mark, but the GAP and wheel insurance costs aren’t factored into the calculation as I don’t know what the individual costs are for them.

Using the same deposit & GFV the Lloyds monthly @5.4% APR would come in at £561.

I use this calculator to make sense of dealer finance as in my experience they always seem to treat you like a simpleton and expect you to agree that an APR of +10% is a great deal…

http://bretwhissel.net/cgi-bin/amortize

[rtd]

Have you guys tried Oracle?


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[mrmerle]

Not recently, they've been around a while haven't they? I seem to remember looking into them a good few years back and IIRC APR's were rubbish, but balloons were higher to offset and lower the monthly. Not sure if that's still the case now?

Have you guys tried Oracle?


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[MikeFish]

Did you want air suspension over DRC?

[RS4LAD]

Get gap and all that from ALA for pennies. And I linked you to a very special example recently which belonged to Jason. I know what I would have done.