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Audi PCP Car Finance

Comparing the best PCP Car finance options for Audi

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Car Finance

Our Service

At Clifton Private Finance, we are specialists in helping client’s secure tailored PCP (Personal Contract Purchase) finance solutions for luxury and performance vehicles, including the renowned Audi range. We offer independent market comparisons to ensure you receive the best rates available, with financing solutions often arranged within hours. Here’s what our PCP finance service for Audi includes:

  • Flexible Finance Options: In addition to PCP, we offer Hire Purchase (HP), Lease Purchase, and personal loans to meet diverse financial needs.
  • Competitive Rates: Our in-depth market research enables us to deliver rates often more attractive than dealership financing, maximising your investment.
  • Custom-Tailored Plans: Our finance advisors create packages suited to your budget, lifestyle, and goals.
  • Flexible Repayment Terms: We offer repayment terms up to 10 years, allowing a financing plan that matches your cash flow.
  • New, Used, and Auction Vehicles: Whether it’s a brand-new Audi or a premium used model, our PCP solutions are adaptable to various purchase scenarios.

For a personalised quote, contact us at 0203 900 4322 and find out how we can make your dream of driving an Audi a reality.

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Why Choose PCP Car Finance for Your Audi?

Investing in an Audi offers performance, engineering, and sophistication. With PCP finance, you gain access to these high-performance vehicles with manageable monthly payments. This option is especially popular for luxury vehicles, offering flexibility and multiple options at the end of the contract, including upgrading to a new Audi model.

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How PCP Works for an Audi

PCP financing splits the cost into three stages:

  • Initial Deposit: Usually about 10% of the car’s value.
  • Monthly Payments: These cover the car’s depreciation, keeping payments lower.
  • Final Balloon Payment: At the end of the term, you can either pay this amount to own the vehicle, return it, or trade it in for a new PCP contract.

PCP finance, by focusing on the car's depreciation, allows you to access Audi’s quality and performance with lower monthly payments compared to traditional loans. At the end of the term, you can choose to keep the car by paying the balloon payment, return it, or upgrade to a newer model.

Audi Models Eligible for PCP

Audi offers a diverse range of models, known for their luxury, advanced technology, and performance-focused designs. Here are some models you can finance through a PCP agreement with Clifton Private Finance:

  • Audi A3: This premium compact sedan is stylish and efficient, offering advanced tech and agile handling, perfect for city drivers.
  • Audi A6: A mid-sized luxury sedan with a refined interior, excellent handling, and impressive engine options, ideal for those seeking both comfort and performance.
  • Audi Q5: A luxury SUV that combines Audi's hallmark performance with the versatility of an SUV, featuring options like a plug-in hybrid for eco-conscious drivers.
  • Audi e-tron: Audi’s all-electric SUV offers a high-performance electric drive with zero emissions, designed for luxury and sustainability.
  • Audi R8: Audi’s supercar, powered by a V10 engine, offers exhilarating performance with the refinement of a luxury vehicle, making it a choice for true driving enthusiasts.

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Comparing PCP to Other Car Finance Options

Car Finance can be varied, and the choices are many. When it comes to financing your Audi, there are several options available, each offering unique benefits and trade-offs depending on your ownership goals, financial plans, and desired flexibility.

Here’s a detailed look at how Personal Contract Purchase (PCP) compares with other popular financing options like Hire Purchase (HP), Personal Contract Hire (PCH) leasing, unsecured loans, and credit cards.

Personal Contract Purchase (PCP)

PCP is ideal for those looking for lower monthly payments combined with flexibility at the end of the contract. Unlike Hire Purchase, where you work toward full ownership, PCP focuses on covering the car’s depreciation, resulting in reduced monthly costs. This approach suits those who value having multiple options at the end of the term.

Pros:

  • Lower monthly payments than HP, as payments cover depreciation rather than the full car value.
  • Flexibility at the end of the contract: you can choose to buy the car with a final balloon payment, return it, or trade it for a newer model.
  • Suitable for both new and lightly used vehicles, with options to upgrade every few years.

Cons:

  • Mileage limits and condition requirements may apply, which can result in additional charges if exceeded.
  • Higher interest rates are often charged on used cars compared to new vehicles.
  • You don’t own the car unless you pay the final balloon payment, so it’s not suitable if you plan to own the car outright from the start.

Hire Purchase

Hire purchase is a simple financing arrangement where you make monthly payments that eventually lead to full ownership of the vehicle. Since HP payments are based on the car’s total value rather than just its depreciation, monthly payments tend to be higher than with PCP, but the benefit is clear ownership at the end of the term without a final balloon payment.

Pros:

  • You own the car outright once all payments are made, giving you the freedom to keep, sell, or trade the vehicle as you wish.
  • No mileage restrictions or penalties for wear and tear, which is advantageous if you drive frequently or for long distances.
  • Easier to understand, as payments are consistent and ownership is guaranteed once the final payment is made.

Cons:

  • Higher monthly payments compared to PCP, as payments cover the car's full value.
  • Less flexibility to switch to a new vehicle within the contract period, as HP is geared toward ownership rather than regular upgrades.

Personal Contract Hire (PCH) / Leasing

Leasing, or PCH, is essentially a long-term rental agreement. You make monthly payments to use the car for a set period without ownership obligations. Leasing is suited for those who prefer to drive a new vehicle regularly and have no interest in purchasing it.

Pros:

  • Lower monthly payments than PCP or HP, often including maintenance packages, making it a cost-effective way to drive a new car.
  • No need to worry about depreciation or resale value, as you simply return the car at the end of the lease.
  • No ownership responsibilities, which is ideal for those who prefer the convenience of upgrading to a new model every few years.

Cons:

  • No option to purchase the car at the end of the contract, meaning payments do not contribute to ownership.
  • Mileage limits apply, and fees may be charged for excess wear and tear, which can add up if you drive a lot or are rough on your vehicles.

Unsecured Personal Loans

An unsecured personal loan allows you to borrow a set amount to purchase a car, repaying the loan over a fixed period. This option provides flexibility and straightforward ownership as the car is paid in full from the start.

Pros:

  • Full ownership from the beginning, allowing you to keep, sell, or modify the car as you wish.
  • No mileage or condition restrictions, making it an ideal choice if you plan to use the car extensively.
  • Flexible loan terms are available to suit different budgets, with the ability to pay off the loan early if desired.

Cons:

  • Interest rates on unsecured loans are typically higher than secured options, especially for those with lower credit scores.
  • Fixed monthly payments can be higher depending on the loan terms, especially for high-value vehicles.
  • Loan approval depends on creditworthiness, and individuals with limited or poor credit histories may face higher interest rates or may not qualify.

Credit Cards

In some cases, individuals may choose to finance part or all of their car purchase with a credit card. This option is generally suitable for lower-priced vehicles or to cover a portion of the car's cost, such as the deposit, due to high interest rates on credit cards.

Pros:

  • Flexibility in repayments if you can pay off the balance quickly, especially if the card has a 0% interest period.
  • Some cards offer rewards points or cashback, which can be an added benefit if the balance is cleared quickly.
  • No loan approval process if you already have an eligible card, which can make this a convenient option for partial financing.

Cons:

  • High-interest rates make this a costly option if the balance isn’t paid off quickly.
  • Credit limits may restrict how much you can finance via credit card, so it’s typically only feasible for lower-cost cars or deposits.
  • Monthly minimum payments won’t significantly reduce the balance, leading to prolonged debt unless larger payments are made.

Car Finance Options Compared

 

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Factors That Can Affect Your PCP Approval

When applying for PCP finance, lenders assess key factors, including credit history, affordability, and income stability.

  • Credit Score: A strong credit score can help you obtain more favourable terms.
  • Affordability: Lenders evaluate your income against financial obligations, including mortgage or rent, to ensure comfortable payment capability.
  • Income Verification: Payslips, bank statements, and tax returns (if self-employed) will be required to verify income.

GAP Insurance for Added Protection

GAP (Guaranteed Asset Protection) insurance is a valuable optional add-on for PCP agreements. It covers the difference between your insurance payout and any remaining balance if the car is stolen or written off. Our advisors can assist you in finding the best GAP coverage.

Types of GAP Insurance:

  • Finance GAP: Covers any remaining balance on your finance agreement.
  • Return to Invoice (RTI): Covers the difference between your insurance payout and the original invoice price.
  • Vehicle Replacement: Covers the cost of replacing the car with an equivalent model.

Other Financial Considerations

PCP finance is a commitment, and it’s essential to account for related costs to own an Audi. Common expenses include:

  • Insurance: Often required and not covered in financing.
  • Maintenance: Regular servicing, unless covered by a maintenance package.
  • Road Tax: Required for most vehicles, although some hybrid or electric Audi models may be exempt.

How to Apply for Audi PCP Finance

Ready to finance an Audi? At Clifton Private Finance, we simplify the process and offer guidance to secure competitive terms.

  • Use Our Car Finance Calculator: Get a quote on your preferred Audi model.
  • Contact Us: Speak with a finance expert to discuss tailored options.

With our expertise, you can confidently drive your dream Audi with flexible PCP finance. Call us at 0203 900 4322 for a custom quote and begin your journey toward Audi ownership.

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If you have any questions about our services or want to start making things happen please contact us