|
|
Post by ChrisM on May 2, 2017 19:49:23 GMT
So after younger daughter's aim of buying a TT was scuppered by the "inferior" driving position of the previous-shape model, she's finally decided what she wants for her next car, and it's another Audi.... an A1 5-door.
Having established some basics (Sportback = 5-doors, 1.4 petrol engine and manual transmission) other factors come into play:
Sport trim level or S-line (which is probably out of price range)
Scuba blue paint, all over or with black or silver roof
or
Misano red with black roof
Must have rear parking sensors.
Desirables: Front parking sensors, electrically folding door mirrors; climate control instead of basic aircon.
Budget of £15k plus the 05 Fiesta as trade-in (most places offering around £500 for it)
Max age 3 years
I said I might help her out with another few thousand particularly if it meant new rather than used.
Used A1 5-doors with front&rear parking sensors are as rare as hen's teeth, not yet found any in blue or red with them.
There appears to be little stock nationwide of unsold scuba blue or misano red cars.
Dealers are basically not prepared to discount at all (maybe a couple of hundred pounds) which is highy frustrating since even 5% off would put us within a stone's throw of our (her) exact spec. so it looks like we face a long wait until the right spec used car can be located (or I try the online brokers which would then leave us with the task of selling the FIesta privately for TBH not much more than the trade-in price).
Audi have managed to do the near-impossible from what I have found so far, no discount on new, long wait for a factory order and bottom book value for the trade-in. If it were me, I'd go elsewhere !
|
|
|
|
Post by Martin on May 2, 2017 20:03:52 GMT
Just had a quick look at a broker and you'd get 10% off a Sport or an S Line, so just over £2k before options. You could afford to scrap the Fiesta and still be better off than a 5% discount, never mind what you've been offered.
edit: as Chris has said, that still won't get you down to £15k....£16,400 for a no option 1.4tfsi Sport.
|
|
|
|
Post by Alex on May 2, 2017 20:11:37 GMT
Glad she's not picky!
To be fair to Audi, I'm struggling to see why they need to offer you a discount on a car for which demand is outstripping supply. Sorry Chris but if you don't want to pay full price someone else will. The plus side of the situation as I see it is the increased retained value when she wants to sell up in a few years time. Forget about the Fester, it's worth fuck all and tbh most dealers would rather you didn't try to trade it in. I'd chuck it on eBay or take it to We Buy any Car - or keep it as a second (or third/ fourth) car and give back the Ka to save you its lease cost.
|
|
|
|
Post by michael on May 2, 2017 20:13:15 GMT
How much is a Polo in reasonable trim? I'd imagine there are deals to be had as they're getting on a bit.
Moot point I guess as it sounds like she'd prefer an A1 rogering in order to have an Audi badge.
|
|
|
|
Post by ChrisM on May 2, 2017 20:53:27 GMT
.... and give back the Ka to save you its lease cost. err, I did that last March to get the Fiesta The Polo is out, (1) she prefers the A1 and (2) you can't get the Polo with the 1.4 TFSI, certainly not as a 5-door The £15k budget doesn't include my possible contribution for the right car. I've found one site offering approx 10% off but only if you take the finance which we don't want; factory orders however are 12 - 18 weeks depending on dealership and whether or not they have any build slots pre-booked. It may be a nice place to sit, but the one I sat in on Saturday had a very unappealing, cheap-finished handbrake which looked and felt like cost-cutting in extreme compared to some of the other upmarket materials used in the interior. |
|
|
|
Post by Martin on May 2, 2017 21:02:01 GMT
You can take the finance to get the discount, then pay the balance off
|
|
|
|
Post by Martin on May 2, 2017 21:07:28 GMT
You can get a 1.4 5 door Polo (150hp) or even better, a Polo GTI for £17,000 which is less than an A1 1.4 S Line
|
|
|
|
Post by johnc on May 2, 2017 21:14:09 GMT
I got an e-mail from Drivethedeal today and they had a Golf 1.4 TSi SE 5 Door (new model) at £16,885.
I agree on the PCP for an A1 because of the high residuals but that could be combined with a purchase through a broker as suggested by Martin which would give you the best of both worlds. |
|
|
|
Post by johnc on May 3, 2017 12:30:08 GMT
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 3, 2017 12:52:36 GMT
Having established some basics (Sportback = 5-doors....) Why the sudden need for 5 doors? |
|
|
|
Post by Tim on May 3, 2017 14:17:46 GMT
Having established some basics (Sportback = 5-doors....) Why the sudden need for 5 doors? It's so she can chauffeur her soon-to-be destitute father around easier - he's getting on a bit you know  |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 3, 2017 15:49:00 GMT
I'll play devils advocate here.
Can she afford £15K for a new car or would £10K of that be better put towards a house deposit? £5K gets you something nice. £10K all the car you need. And it's a depreciating asset.
If she's minted then fair play to her (and you) but if she's then going to come to you for more money down the line then I'd be discouraging wasting so much cash.
Interestingly sources elsewhere are flagging that with motor finance coming under scrutiny from the FSA then it's likely to become a lot harder to borrow heavily with income multiples and existing outgoings/commitments being taken into account in the future.
|
|
|
|
Post by johnc on May 3, 2017 16:32:58 GMT
Interestingly sources elsewhere are flagging that with motor finance coming under scrutiny from the FSA then it's likely to become a lot harder to borrow heavily with income multiples and existing outgoings/commitments being taken into account in the future.
What a disaster that will be. We re-mortgaged last year and after about 6 weeks of being asked for all sorts of documents I eventually raised an official complaint with the Chief Executive and after 2 phone calls and 2 e-mails, got my mortgage. If they apply the same numpty process to buying a car, you won't be able to buy a used one if you have to wait weeks for a decision.
I know some people get themselves into financial difficulty buying a car but in reality, how many? They don't close beaches and make everyone pass a swimming proficiency test before being allowed in the sea, just because some people get into trouble in the water.
We need to stop nannying people so much and let them make a few mistakes if necessary. Making it nearly impossible to buy a car unless you have a job with a 6 figure salary, a small mortgage and little other debt is hardly conducive to keeping the wheels turning. As noted in another string, the system is broken and in my opinion this kind of legislation is largely counter productive - it is almost a guarantee that this type of change will lead to an increase in loan interest rates as well.
|
|
|
|
Post by johnc on May 3, 2017 16:34:53 GMT
I'll play devils advocate here. Can she afford £15K for a new car or would £10K of that be better put towards a house deposit? £5K gets you something nice. £10K all the car you need. And it's a depreciating asset. I agree, especially if she can put money into a LISA |
|
|
|
Post by ChrisM on May 3, 2017 19:25:36 GMT
The local dealership have something reasonable, just taken in and not yet valleted inside (it's a it of a tip). Shame it doesn't have front parking sensors but apparently they can be retro-fitted into the pop-up display for, wait for it, just over £1000 ! Yes, white with black roof is now on the list of possible shoices. Many of the plain colours make the A1 so ordinary but 2-tone paint sets it off very well (a bit like the Captur in that respect). She found a nice one in Watford but it was a special-order paint finish called Kingfisher Blue which costs just under £2000 on its own as an extra! We could buy a white one and have the lower body painted in Ford Candy Blue (colour of GOK the wok, my Fiesta) which appears very similar   |
|
|
|
Post by LandieMark on May 3, 2017 19:42:05 GMT
That looks smart in a girly kind of way. I can't work out why front parking sensors on such a small car are a big deal.
|
|
|
|
Post by ChrisM on May 3, 2017 20:29:15 GMT
The deposit contribution on finance is a good way of getting you into the car but apparently the charges for early paying off are steep and almost, or totally wipe out the incentive of £750. She's decided not to go down the new car route as that would appear to push the budget up and beyond our limit, also front parking sensors are no longer a "must have" (women, eh  ) so we're looking for £15k max, which includes the 2-tone local car. Tomorrow's task is to see if it can be held until next Friday for a test-drive as the M3 will be totally closed this weekend M25 to jct 4 or 4a, meaning traffic gridlock around our part of the world, no doubt :-( |
|
|
|
Post by johnc on May 4, 2017 7:05:02 GMT
|
|
|
|
Post by ChrisM on May 4, 2017 7:30:11 GMT
Thanks but I have scoured AutoTrader, ebay and the Audi used site, plus many of the main dealer "chains" own websites to little avail.
We're now down to looking for white with black roof, or red with black roof. Front parking sensors no longer essential but rears are (included in the Comfort package or as a stand-alone option).
One at the local-to-me dealer and another in Basingstoke (both white with black roof). I fear both may sell before she can get to look at them.
|
|
|
|
Post by Bob Sacamano v2.0 on May 4, 2017 8:30:03 GMT
The black with silver roof is very nice and Chris you would get hours of endless pleasure keeping that clean and polished.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 4, 2017 9:28:27 GMT
The deposit contribution on finance is a good way of getting you into the car but apparently the charges for early paying off are steep and almost, or totally wipe out the incentive of £750. She's decided not to go down the new car route as that would appear to push the budget up and beyond our limit, also front parking sensors are no longer a "must have" (women, eh ) so we're looking for £15k max, which includes the 2-tone local car. Tomorrow's task is to see if it can be held until next Friday for a test-drive as the M3 will be totally closed this weekend M25 to jct 4 or 4a, meaning traffic gridlock around our part of the world, no doubt :-( I'm suprised there any charges. My mum took the finance on her Polo (£2K) contribution and paid it off after 6 months without penalty. We only left it that long to avoid the dealer getting into trouble and appreciated him doing it on finance knowing it would be paid off quickly. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 4, 2017 9:32:43 GMT
Interestingly sources elsewhere are flagging that with motor finance coming under scrutiny from the FSA then it's likely to become a lot harder to borrow heavily with income multiples and existing outgoings/commitments being taken into account in the future.
What a disaster that will be. We re-mortgaged last year and after about 6 weeks of being asked for all sorts of documents I eventually raised an official complaint with the Chief Executive and after 2 phone calls and 2 e-mails, got my mortgage. If they apply the same numpty process to buying a car, you won't be able to buy a used one if you have to wait weeks for a decision.
I know some people get themselves into financial difficulty buying a car but in reality, how many? They don't close beaches and make everyone pass a swimming proficiency test before being allowed in the sea, just because some people get into trouble in the water.
We need to stop nannying people so much and let them make a few mistakes if necessary. Making it nearly impossible to buy a car unless you have a job with a 6 figure salary, a small mortgage and little other debt is hardly conducive to keeping the wheels turning. As noted in another string, the system is broken and in my opinion this kind of legislation is largely counter productive - it is almost a guarantee that this type of change will lead to an increase in loan interest rates as well.
From what I understand there's a high risk of people going for mis-selling claims so the only way to stop this is to clamp down. Also the BofE concerns over car finance being the next big risk to the economy so trying to cap the risk. And from what I understand there are a lot of people who are borrowing well above their means. There is a belief that some premium foreign brands are channel stuffing prior to cutting back massively on the UK market as we head into Brexit. I'm busy trying to work out what the optimum place to be heading into Brexit will be, invest in assets or keep liquid in cash with the likelihood of asset values declining. Former is looking best option at the moment. |
|
|
|
Post by johnc on May 4, 2017 10:35:19 GMT
The black with silver roof is very nice and Chris you would get hours of endless pleasure keeping that clean and polished. It's also at a Ford dealer which should keep Chris happy. |
|
|
|
Post by johnc on May 4, 2017 10:42:11 GMT
From what I understand there's a high risk of people going for mis-selling claims so the only way to stop this is to clamp down. Also the BofE concerns over car finance being the next big risk to the economy so trying to cap the risk. And from what I understand there are a lot of people who are borrowing well above their means. There is a belief that some premium foreign brands are channel stuffing prior to cutting back massively on the UK market as we head into Brexit. I'm busy trying to work out what the optimum place to be heading into Brexit will be, invest in assets or keep liquid in cash with the likelihood of asset values declining. Former is looking best option at the moment. The problem is that buying a car is something people do in an afternoon and they want to have it financed there and then and drive away a few days later. Proper affordability checks will extend that process by weeks. I hope they get sensible and just add a further statement to the finance agreement that the buyer signs to say that they have considered their own financial position, they have received no advice and they take full responsibility for their decision. Where will this end: "it's not my fault I had an accident, it's the garage - they sold me a car which was too big. How was I supposed to know how far it stuck out at the back?" |
|
|
|
Post by johnc on May 4, 2017 10:56:54 GMT
|
|
|
|
Post by grampa on May 4, 2017 15:10:45 GMT
The black and red one looks nice plus it won't look like every other A1 - I can't remember the last time I saw one that wasn't white.
|
|
|
|
Post by Tim on May 4, 2017 15:24:33 GMT
2 folk at work have them, one in red/black and the other in silver/black.
Both look 100 times nicer than the white/black one shown above
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 4, 2017 15:42:20 GMT
I like the red/blackk one. Looks very classy.
|
|
|
|
Post by Martin on May 4, 2017 16:12:50 GMT
I prefer the Polo idea.
|
|
|
|
Post by grampa on May 4, 2017 16:53:52 GMT
? |
|
) so we're looking for £15k max, which includes the 2-tone local car. Tomorrow's task is to see if it can be held until next Friday for a test-drive as the M3 will be totally closed this weekend M25 to jct 4 or 4a, meaning traffic gridlock around our part of the world, no doubt :-(