New Audi A4 PCP Deal
New Audi A4 PCP Deal
Audi is offering PCP deals on a brand new Audi A4 model with a monthly repayment from £299.
A PCP is a great way to buy a car if you change your car for a new one every 2 or 3 years. It also has the added benefit that the future value is guaranteed by the finance company so if your car is worth less than the final payment you can hand the car back without penalty.
When taking out a PCP deal you declare your annual mileage which is then used to calculate the final payment at the end of the contract period. If you do more miles than stated in the contract there will be an excess mileage charge applied.
There are also stipulations in the agreement regarding the vehicle’s service history and general condition so that the value of the vehicle is not affected should you wish to hand it back.
With a PCP, you pay a deposit, then make monthly repayments for 2, 3 or 4 years. At the end of the agreement you can either:
1) Hand the car back to the finance company,
2) Part-exchange it for another, or
3) Pay the remaining lump sum and the vehicle becomes yours.
Benefits to you:
* You can change your car more reguarly.
* You can afford a better car for a lower fixed monthly payment over a shorter term.
* Guaranteed future value eliminates risk of negative money equity and protects against deprecation.
* Flexible options at the end of the agreement to fit in with your personal circumstances
* You have the additional option to settle the agreement early and you will be given a rebate on interest charges.
Audi A4 Saloon 1.8 TFSI SE 120PS manual: 3 year, 10,000 miles per annum example:
On-the-road retail cash price £22,315.00
Centre deposit contribution £2,000.00
Customer deposit £2,890.29
35 monthly payments of £299.00
Acceptance fee* £125.00
Optional final payment £9,419.96
Option to purchase fee** £60.00
Amount of credit £17,424.71
Total amount payable £24,835.25
Total amount payable by customer £22,835.25
Excess mileage 7.05p
APR 6.4% Typical
Terms and conditions
Retail sales only: *Payable within first payment. **Payable with optional final payment. Further charges may be payable if vehicle is returned. Indemnities may be required. Subject to status. Available to over 18s from participating Audi Centres only (subject to availability) for vehicles ordered before 30th June 2010 and delivered by 30th September 2010. Offer may be varied or withdrawn at any time. Prices quoted and examples shown correct at time of publication (March 2010) and do not take into account any variation to government taxes or charges arising after the date of publication. Audi Finance, Freepost Audi Finance.