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Audi Finance

At Silver Street Automotive Group, we have fully qualified Business Managers who can advise and assist you in finding the right funding for your chosen vehicle,  below are descriptions of just a few options available.

Personal Finance  Options 

Hire Purchase
Hire purchase is the simple and straightforward way to pay for your Audi. You can pay for your car over one year to five years and once all of the payments have been made, you become the owner of it.
 

Personal Contract Plan (PCP)
Should you wish to put down a small sum initially and defer a portion of the vehicle’s total value until the end of the term, a Personal Contract Plan may prove a flexible alternative. This method not only offers a number of options for reducing your motoring expenditure or timescale of your repayments, but also allows you to stipulate your own repayment period, which can be anything between 1.5 and 4 years.
 
When the term is up, there are three options open for you. Either pay the outstanding amount and own your car, return it to Volkswagen Group Finance (subject to terms and conditions) or part-exchange it and begin another arrangement on a new Vehicle.

For more information on either Hire Purchase or PCP, please contact one of our Business Managers who can search through a number of products available to us for a quotation to suit your needs

Business Finance Options * 

Contact Hire
This payment plan, exclusive to Business Users, effectively allows you to ‘hire’ vehicles as opposed to owning them. This way, drivers need not be concerned about issues such as residual values or selling the vehicle when the finance term is up. A Contract Hire agreement from Audi Finance can run over one, two, three or four years.
 
If you are a VAT registered business a proportion of the rentals may be tax deductible. Contract hire is classified as an operating lease for current taxation purposes, therefore it is regarded differently to 'purchase' contracts so you may benefit from certain tax advantages. Your financial or tax advisor should be able to advise you if this applies.
 

Lease Hire
Lease Purchase is a payment method developed specially for Business Users who would like the option of owning their fleet at the end of its finance term. You choose the repayment schedule – which can be anything between 1 and 4 years – and delay paying some of the car’s cost until the end of the agreement.
 
Furthermore, if your business is not VAT registered, then lease purchase could be an even more attractive option. Your financial or tax advisor should be able to advise you of how Lease Purchase could benefit you.
 
Please contact one our Local Business Development Managers who can work with you to find the right solution and package for you and your business.

*Available for business users only: Further charges may be payable when vehicle is returned. Indemnities may be required. Subject to status. Available to over 18s from participating Centres only (subject to availability). Audi Finance is a trading name of Volkswagen Financial Services (UK) Limited, Freepost Audi Finance. Offer may be varied or withdrawn at any time. Specification correct at time of publication. Terms and conditions apply. Although we update our pages regularly, please call to confirm prices are still current.E&OE.

Retail Price Protection
Current statistics indicate the risk of your vehicle being stolen or written off is now greater than ever before. Around 315,000* vehicles are stolen every year, which is equivalent to 1 every 95 seconds. (*source - Car Theft Index 2003)
 
If this does happen, or your vehicle is written off as the result of an accident, your insurance company will generally offer you a total loss payment based on the market value of your vehicle at that time. This value could be significantly less than either the cash price of the vehicle or the outstanding balance of an existing finance agreement.
 
You might not realise just how much a total loss can affect your own finances even with your vehicle being comprehensively insured. Now you can take out Retail Price Protection Insurance to help protect your investment.
 
Retail Price Protection covers the difference between the amount paid by your motor insurer and either the outstanding balance of your finance agreement or the cash purchase price paid when your vehicle is stolen or written off.
 
If your vehicle is written off through accidental damage, fire or theft, there are two types of Retail Price Protection Insurance cover available to you:
 
Retail Price Protection (Shortfall Protection)
This covers the difference between the amount paid by your insurance company and the balance of the outstanding finance agreement, up to a maximum of £10,000.
 
Retail Price Protection Plus (Return to Invoice)
This covers the difference between the amount paid by your insurance company and the cash purchase price paid for your vehicle, up to a maximum of £15,000. This payment will help you replace your vehicle with a new vehicle of the same or similar specification.
 
Both of these payments are in addition to your insurance claim settlement and are available for new and used vehicles.
 
For more information regarding Retail Price Protection Insurance, or to take out a policy, please contact your Silver Street Automotive Centre.