Finance?

Post by **Dallas83** » Mon Mar 30, 2015 2:26 pm

I am trying to get my head around this. This is what i have bought:

Cash Price: £83,209
Less:Advance payments/allowance: £21,510 (this includes my deposit of £17,000)
balance of cash price/amount of credit: £61,698.65
Add charges: £7296.55 <------------ No idea what this is ???
Balance: £68,995.20
Balance Payable by 35 monthly rentals: £742.93
Followed by a rental of: £43,117
Acceptance fee: £125
purchase fee: £60
APR: 4.8%

Based on 10k miles a year

Now my question is this: If the dealer is putting in £3.5k + Audi contribution of £6k then where in the above is this reflected ??? I would have thought the Less:Advance payments/allowance would have been £26k (my deposit + £9.5k from the dealer/audi

Post by **HYFR** » Mon Mar 30, 2015 2:41 pm

The charges is the interest (4.9%)

Is the £83k the list price or does that include the dealer discount?

Post by **RSphantom** » Mon Mar 30, 2015 2:43 pm

Dallas83 wrote:I am trying to get my head around this. This is what i have bought:

Cash Price: £83,209
Less:Advance payments/allowance: £21,510 (this includes my deposit of £17,000)
balance of cash price/amount of credit: £61,698.65
Add charges: £7296.55 <------------ No idea what this is ???
Balance: £68,995.20
Balance Payable by 35 monthly rentals: £742.93
Followed by a rental of: £43,117
Acceptance fee: £125
purchase fee: £60
APR: 4.8%

Based on 10k miles a year

Now my question is this: If the dealer is putting in £3.5k + Audi contribution of £6k then where in the above is this reflected ??? I would have thought the Less:Advance payments/allowance would have been £26k (my deposit + £9.5k from the dealer/audi

Is your "Cash Price" the full on the road price before any discounts? If so the simple figures would be;

£83,209 less deposit of (£17,000) less dealer and Audi discount (£9,500) = £83,209 - £26,500 = £56,709 to finance.

Your figure is showing £61,698.65 to finance, a difference of £4,989? The added charges figure is your balance figure less your monthly payments x 35 plus your final payment figure less the Acceptance fee.

Post by **Leo-RS** » Mon Mar 30, 2015 3:15 pm

As above, what is your spec list price?

The cash price may already have a discount applied to it if you have say a £90k+ spec

Post by **markwm** » Mon Mar 30, 2015 3:32 pm

On mine....

Cash price = the List price minus any discounts but not including the contributions
Less:Advance payments/allowance = Deposit customer + dealer contribution

To get the figure of what the dealer discounted over and above the 6k, do list price minus cash price. But if you're saying you put 17k in, I dunno what's up on yours.

If your List price is circa £89k and you're getting 9.5k discount then actually, maybe they did it they opposite way round to the above:

£89k - £6k contribution = £83k as you see in cash price

Then they added the extra £3.5k onto the deposit 17k + £3.5k = 21.5k. Actually no that would be 20.5k, not 21.5 so I dunno what they've done.

Post by **Leo-RS** » Mon Mar 30, 2015 3:49 pm

My figures are also as above.

Cash price is shown which includes the dealer discount already applied.
Less deposit (Personal + Audi £6k contribution)

Post by **Dallas83** » Mon Mar 30, 2015 4:09 pm

markwm wrote:On mine....

Cash price = the List price minus any discounts but not including the contributions
Less:Advance payments/allowance = Deposit customer + dealer contribution

To get the figure of what the dealer discounted over and above the 6k, do list price minus cash price. But if you're saying you put 17k in, I dunno what's up on yours.

If your List price is circa £89k and you're getting 9.5k discount then actually, maybe they did it they opposite way round to the above:

£89k - £6k contribution = £83k as you see in cash price

Then they added the extra £3.5k onto the deposit 17k + £3.5k = 21.5k. Actually no that would be 20.5k, not 21.5 so I dunno what they've done.

The car is ROTR £86,360 - i'm still confused !

Post by **markwm** » Mon Mar 30, 2015 4:26 pm

I would be too if you're supposed to be getting 9.5k off list. According to your figures, you're getting £7661 off List price.

Post by **doodlebug** » Mon Mar 30, 2015 4:37 pm

When is the VAT added?

Post by **Dallas83** » Mon Mar 30, 2015 4:44 pm

markwm wrote:I would be too if you're supposed to be getting 9.5k off list. According to your figures, you're getting £7661 off List price.

Thats exactly the amount that i have written down too....

Going in to see the guy tomorrow... Thinking of changing the colour to Glutorange too

Post by **doodlebug** » Mon Mar 30, 2015 4:46 pm

Just beware, if you go exclusive it'll extend the delivery time.

I take it resale isn't a factor!

Post by **Dallas83** » Mon Mar 30, 2015 4:54 pm

Yeah i heard it extends the delivery time by 8 weeks - mental! I would have thought having a colour a little more unique would be a better selling point? To be honest i've never seen an exclusive colour struggle to sell, even orange...

Post by **markwm** » Mon Mar 30, 2015 4:56 pm

I think it does to a certain extent on this type of car, whether a dealer will think the same come trade in time is another matter.

Notice they don't adjust your GFV no matter how many boxes you tick.

Post by **doodlebug** » Mon Mar 30, 2015 4:58 pm

Mmm. I think orange will be hard to shift. Same for Imola and Java. You limit your market.

Post by **kieranp1** » Mon Mar 30, 2015 10:33 pm

Nice write up & defo goes to show that Audi are/were loading the GFV to stimulate sales. Nothing unusual as most Manufacturers do this, just surprised Audi didn't do it sooner on the pre facelift cars

[/quote]

This sale was most certainly stimulated, I went in looking for a RS4 but came out with a RS6. The difference in monthly payments was near as damn it £300 per month.

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