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- Feb 21, 2017
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A £46K spec S3, and they're offering you £26k after only 6 months? Really?
Bit of a clean up, valet, sort the alloys out. Say £600 max spend by dealer. Up for sale for £35k within the week. Then make another £5k off you for the RS3. Wow! You'll be on their Christmas Card list for next year
Now you've gone through the figures, I think you're completely Bonkers to go through with this. You must have a hell of a salary, or still live at home with your parents?
Also bare in mind the additional costs running an RS3 over an S3. MPG will be in the early-mid 20's compared to 30's for the S3. Additional servicing costs, brakes, tyres etc. Then insurance will be more. If you can easily afford it, then great. But years ago, people were buying Subaru STI's, then quickly realised they cost a hell of a lot to run. Many ended up losing a fortune by selling quick to get rid.
If You're paying £660 pm now on £41, I assume once specced up the RS3 will be £52-55k. Minus £5k down. So monthly repayments £800+ pm?
But, if its what you want and affordable ......
I don’t know the exact amount Audi will offer for the PX - I know the minimum amount which was £25,750 based on 17k miles. But I won’t be anywhere near that. I will be most likely around the 14k mark. I also don’t know exactly what the finance will be to settle, according to the auto settlement option for Audi finance the settlement up to Feb 1st is £38,960 - so the negative equity would be closer to £12k. Which is too much.
But AutoTrader says my PX price would be £29,200 - which if I was close to that would then be £9K negative equity so the truth is I don’t know exactly yet.
If it was £12k then the desposit would be £17k which is too much for my liking - an extra £2k.
So yes I know its expensive, yes I know there will be negative equity the question is what will the dealer do to close the deal - because if they want more I would either walk away or tell them to wait another month or so for me to save - both of which I would hope would make them offer me a better deal, but I just don’t know. I have emailed the dealer to reiterate that my maximum is £13k on collection and anymore would mean no deal.
I want the car but I agreed to £15k when we ordered and I paid a £2k deposit. So I am prepared to pay £13k on collection. No more. We will see. The payments are around £700pm so only another £50.
As far as economy goes - I actually started a thread on this - and the feedback seems to be that the MPG is the same pretty much as my S3.
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