Buying a used Audi with hire purchase (HP) car finance

Audi is a premium car manufacturer known for its sophisticated design, advanced technology, and strong performance.

At AutoMoney Motor Finance we can help you secure HP car finance on a used Audi within minutes.

What’s more we can complete your deal the same day, so you can drive home with your chosen Audi model straight away.

Apply now for HP car finance

Complete your details via our online form.

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Representative example

You could borrow £10,000 over 60 months with an initial payment of £490.66 (including £199 Admin Fee) followed by 58 monthly payments of £291.66 with a final payment of £490.66 (including optional £199 Option to Purchase Fee).

Total amount repayable will be £17,897.60.

29.3% APR, annual interest rate (fixed) 24.7%.

This example uses the representative APR. This is the rate at least 51% of customers are expected to get.

Lending is subject to status and additional affordability checks. Rates quoted are subject to change and will depend on lending amount and personal circumstances.

Contents

Want to know more about buying a used Audi?

If you’re considering purchasing a used Audi, here’s a comprehensive look at what you should know about its strengths and weaknesses:

Strengths of Audi:

  1. Luxury and comfort: Audi vehicles are renowned for their high-quality interiors, luxurious materials, and comfortable ride. They offer a premium driving experience with attention to detail and advanced amenities.
  2. Advanced technology: Audi is a leader in automotive technology, offering features like the Virtual Cockpit, advanced infotainment systems, and cutting-edge driver assistance systems. Even older models often come equipped with impressive tech.
  3. Performance and handling: Audi cars are celebrated for their strong performance and handling capabilities. With options ranging from the sporty A3 to the powerful RS models, Audi offers a dynamic driving experience across its lineup.
  4. Quattro all-wheel drive: Many Audi models come with Quattro all-wheel drive, providing superior traction and stability, especially in challenging weather conditions. This makes them a great choice for UK drivers dealing with varied climates.
  5. Design and style: Audi’s sleek and modern design language ensures that even older models look contemporary and stylish. The brand’s commitment to design excellence makes its cars visually appealing and timeless.
  6. Resale value: Audi generally enjoys strong resale value due to its premium brand reputation and demand in the used car market. This can make an Audi a wise investment if you plan to sell the car in the future.

Weaknesses of Audi:

  1. Maintenance costs: Audi vehicles, being luxury cars, can be expensive to maintain. Parts and service costs are typically higher than for non-premium brands. Be prepared for potentially higher running costs, including insurance and repair bills.
  2. Complex technology: While advanced technology is a strength, it can also be a drawback. Older models with high-tech features might require expensive repairs if these systems fail. Ensure that all electronic components are functioning properly before purchasing.
  3. Fuel efficiency: Some Audi models, especially those with larger engines or high-performance variants, may not be as fuel-efficient as other cars in the same class. Consider the ongoing fuel costs based on your driving habits.
  4. Ride firmness: While Audi vehicles offer excellent handling, some models have a firmer ride quality, which might not appeal to all buyers. Test drive the car to ensure you’re comfortable with the ride comfort.
  5. Depreciation on high-end models: Although Audi generally holds its value well, higher-end models like the A8 or Q7 can depreciate significantly in the first few years. This can work in your favor as a used car buyer but be mindful of potential future depreciation.

Tips for buying a used Audi

  • Research specific models: Popular models like the A3, A4, A6, and Q5 are known for their reliability and performance. Research specific model years for any common issues or recalls.
  • Check service history: Ensure the vehicle has a comprehensive service history. Regular maintenance by authorised Audi service centres is a good indicator of a well-cared-for car.
  • Inspect for wear and tear: Look for signs of wear and tear, especially on high-mileage models. Pay close attention to the condition of the interior, electronics, and suspension components.
  • Consider certified pre-owned: buying a dealership certified pre-owned Audi offers benefits like extended warranties and rigorous inspections, providing added peace of mind.
  • Evaluate running costs: Factor in potential running costs, including insurance, road tax, and fuel consumption, to ensure the car fits within your budget.

Overall, a used Audi can offer a luxurious and exhilarating driving experience, with advanced technology and strong performance. By doing thorough research and inspections, you can find a high-quality used Audi that meets your needs and provides lasting satisfaction.

Buying a used Audi with HP car finance

One of the ways to buy a used Audi, if you do not have enough money to pay for it in full straight away, is to use HP car finance.

This is where you ‘hire’ the Audi from us, spreading the cost of the car over monthly payments to us. These payments contribute towards you ‘purchasing’ (buying) the Audi from us at the end of the term of the borrowing, when you also pay a one-off “option-to-purchase” fee.

At this point you own the Audi completely and our contract comes to an end.

The pros and cons of HP car finance

Borrowing money to buy anything comes with risks, as well as rewards.

Buying a used Audi could be the right choice for you and an ideal solution to the practical challenges of getting about day to day. However, whilst a used car can be significantly cheaper than its brand new alternative, it still involves spending a lot of money.

When you borrow money, you need to make sure you can keep up with payments comfortably. You will have other bills to pay and necessary things to buy, so you don’t want to find that the payments on your Audi are leaving you short of money each month.

There are also other considerations when buying a used car and below we share the pros and cons, to help you decide if applying for HP car finance is right for you.

The pros

  • Drive away in a Audi today: with HP car finance you can get a Audi, even if you don’t have all the money for it right now.
  • Spread the cost of owning your Audi: cars are expensive, but are often an essential part of daily life. When you buy your Audi with HP car finance, you can pay for it gradually over time.
  • Manage your finances: HP car finance comes with a clear payment plan. You can easily compare what your finances will look like each month by taking away the money your Audi will cost you, alongside your other bills and costs, from your income to make sure it is affordable for you.
  • Decide how much you can afford each month: if you find the Audi you are looking at is too expensive per month, you can look at other options, with lower monthly costs.
  • Choose a term that suits you: you can repay over 3-5 years, which will impact the monthly cost to suit your monthly finances. Borrowing for longer reduces the monthly cost, but be aware it may increase the total amount you repay.
  • Own your Audi at the end of the term: If you keep up with your monthly payments, and can afford the “option-to-purchase” fee, you will own your Audi at the end of the term of your agreement.

The cons

  • Delayed ownership: You won't own the car until the final payment is made. Missing payments could result in your Audi being repossessed.
  • Depreciation: Used cars can lose value quickly. You might end up paying more than the Audi is worth over time.
  • Higher total cost: The total amount paid, including interest and fees, will be much higher than the Audi’s purchase price.
  • Insurance requirements: Comprehensive insurance is required, which can be more costly.
  • Credit impact: Missing payments can negatively affect your credit score, making future borrowing more difficult.
  • Repossession risk: Failure to make payments can lead to the car being repossessed, possibly leaving you with outstanding debt.

Please make sure you read and understand your hire purchase agreement, maintain your car and ensure you can afford the payments before committing.

Why get HP car finance with AutoMoney Motor Finance?

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  • Get a finance decision within minutes

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  • Complete the same day

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  • Enjoy world class customer service

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  • Work with a company built on values that put you first

AutoMoney Motor Finance is part of a family-owned company called Norfolk Capital Group. Our chairman built all his businesses on strong values, which we look for in every employee that works here.

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We expect employees to act with unyielding integrity when working with you. We know where our moral compass takes us and we follow it without compromise.

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Ready to apply?

We hope you found the information on this page useful. If you are now ready to apply for HP car finance with us, we’d be pleased to help.

Get started with an application using our online form:

Get started online

Representative example

You could borrow £10,000 over 60 months with an initial payment of £490.66 (including £199 Admin Fee) followed by 58 monthly payments of £291.66 with a final payment of £490.66 (including optional £199 Option to Purchase Fee).

Total amount repayable will be £17,897.60.

29.3% APR, annual interest rate (fixed) 24.7%.

This example uses the representative APR. This is the rate at least 51% of customers are expected to get.

Lending is subject to status and additional affordability checks. Rates quoted are subject to change and will depend on lending amount and personal circumstances.

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