Many manufacturers have their own finance packages, but providing you wish to do anything other than buy it outright in a cash purchase, the majority are variations of the following schemes. With the help of the information below, you'll soon know which is the right type of finance for you.
A Personal Contract Plan can allow you to regularly update the Audi you drive, in an affordable and easy to manage way.
How it works:
A portion
of your car’s current value is deferred until the end of your agreement. This
can mean your monthly repayments are lower than they would have been using
another finance method.
At the end of your agreement:
Option 3: Hand back your Audi, with no further payment (terms and conditions apply)
With Hire Purchase, you pay a deposit and pay off
the value of the car in monthly instalments, with the loan secured against the
car.
How it works:
- Set how long you want to make repayments over (which can be up to 60 months), agree a monthly payment to suit your budget, and pay your initial deposit (typically 10%)
- The remaining finance is equally divided over the term of the agreement and fixed
- After the last payment has been made (including the option-to-purchase fee) you will then own your Audi
At the end of your agreement:
- Pay the option-to-purchase fee and keep your Audi
- Part exchange your Audi for a new one
Contract Hire is a straightforward hire agreement that does not have an option to own the vehicle at the end of the contract period.
How it works:
Contract Hire is popular with businesses that want the benefits of new cars without the longer commitment associated with other finance agreements.
You make fixed monthly payments (plus VAT) throughout the term of your agreement
At the end of your agreement:
Simply hand the vehicle back (subject to terms and conditions of your agreement).
Contact your local Audi Centre for more information or explore the latest Audi offers.
Drive the car you want, without the task of selling it at the end of your agreement.
How it works:
A Finance Lease lets you drive the latest Audi, without the commitment to own the car at the end of the agreement. Instead, you receive a percentage of the payment following the sale of the vehicle.
- Full Payout Lease – where the entire cost is paid over an agreed term with monthly rental payments (plus VAT)
- Balloon Lease – which allows cheaper monthly rental payments (plus VAT) but requires a lump sum to be paid as the final rental payment