Audi A8 deal..

[wozzizname]

I've been offered a deal on a new A8 3.0tdi quattro SE Exec (phew..) at just under £41k with finance at 4.8%.

Does anyone have experience of these - I know they depreciate like mad from new, but with a whopping 35% off list and reasonable finance available I'm wondering quite what the 'catch' is on this - I assume the dealer is just desperate to shift some of these to meet their quota with Audi ?

 

[Housey]

Audi will be supporting them to get them out there. In the run up to Christmas there seems to be some mad deals out there. That car will probably trade for low 20's within 24 months though I suspect, so it still has a lot to ****. It's like the 7 series, no one wants to spend anything on BIG exec saloons second hand, which of course means there are some big bargains to be had.

 

[SDK^]

There were some pretty good lease deals on the S8 a few months back. Total cost was around £11k inc VAT over 2 years. My point being this deal doesn't seem that great in the scheme of things.

 

[peterwalkley]

As already pointed out, the catch is the depreciation and big exec saloons aren't cheap to service and keep running. If you intend to keep it a while then its a reasonable deal, but if you will change it when the finance is finished you will need a very large jar of lube.

I got a similarly good deal on my XJ a couple of years ago but its a car I intend to keep for as long as I can and (barring a lottery win or rich relative I've never heard of popping their clogs) its likely the best car I will ever own, so I took the hit.

EDIT: Did a quick compare via orangewheels and they came up at £44K before any options added - so does look a very good deal - provided that's the car you absolutely want.

 

[Blackhawk47]

I can't see an A8 being worth £20k after two years?

 

[xs2man]

High miles but... http://www.autotrader.co.uk/classif..._old&model=a8&radius=1500&make=audi&logcode=p

Average miles : http://www.autotrader.co.uk/classif...mileage=up_to_30000_miles&make=audi&logcode=p

Take a few k off for trade prices, and you are down to around the £20k mark.

 

[VincentHanna]

The 5 series I am buying has lost £30,000 off the receipt price in 30 months.....

Granted, some of that was VAT

 

[Housey]

I can't see an A8 being worth £20k after two years?

There are plenty of 2 year old ish cars that are in the network that will have traded for low 20's, as I said. You are making my low 20's 20 and you are looking at sale prices not trade prices.

 

[Blackhawk47]

There are plenty of 2 year old ish cars that are in the network that will have traded for low 20's, as I said. You are making my low 20's 20 and you are looking at sale prices not trade prices.

I guess, just surprising how much they depreciate compared to other Audis.

 

[Housey]

I guess, just surprising how much they depreciate compared to other Audis.

Same as the S Class and 7 series and other big, heavily expensive (potentially) cars. People don't want to risk them as a switch on an A1 is a tenner and on a big exec 1k. I simplify, but that is the mindset that still seems to prevail and the trade reflects that.

 

[xs2man]

I simplify, but that is the mindset that still seems to prevail and the trade reflects that.

And warranty costs...

 

[ShivP]

We essentially did this - 13 plate A8 SE Exec, got it new in July 13 and had it for two years. Were then essentially begged to take a new one, with 2k deposit (said no), 1k deposit (said no again) then they caved and said £0 deposit with just the increased price per month, so now have a 15 plate sport trim not paying any deposit but just the monthly amount

 

[[TW]Fox]

We essentially did this - 13 plate A8 SE Exec, got it new in July 13 and had it for two years. Were then essentially begged to take a new one, with 2k deposit (said no), 1k deposit (said no again) then they caved and said £0 deposit with just the increased price per month, so now have a 15 plate sport trim not paying any deposit but just the monthly amount

Without knowing the before and after monthly amount and term this is fairly meaningless, though.

If they put your price up to £1500 a month for example then no wonder

 

[ShivP]

I believe it was from like £700 to £748 or something like that, can't remember exact figures

 

[[TW]Fox]

With an extension in term, presumably?

 

[ShivP]

Yep, was 3 years but new car was after 2 so its another 3 year term

 

[[TW]Fox]

So really the dealer wins here as they are guaranteeing almost £27,000 from you to rent an A8 that is currently available to buy with a staggering £20,000 discount off list price anyway.

 

[Joe T]

CAP forecast for 24mth, 40k is £22,575....

 

[[TW]Fox]

CAP forecast for 24mth, 40k is £22,575....

Try it again without 20k a year as regardless of the type of car most of these finance agreements will not be based on 20k a year!

 

[ShivP]

So really the dealer wins here as they are guaranteeing almost £27,000 from you to rent an A8 that is currently available to buy with a staggering £20,000 discount off list price anyway.

Basically yep, but my dad is happy paying that and he's quite tight