Drive Away With Nothing to Pay For 3 Months*
Whether you’re after something practical, something powerful, or just something new, now’s the time to choose a brand NEW Audi. Because we’ll cover your first three monthly payments with up to 5.2% APR Representative*, and provide deposit contributions between £700 and £16,000 across the Audi range.
So you can enjoy considerable savings – as well as the thrill of a car sporting the four rings. Please check with us for our opening hours and ensure you make an appointment before visiting. We also want to reassure you that we’re continuing to follow government advice and are implementing social distancing measures to keep everyone in our Centre safe.
Better still, this in addition to any existing offers available at Lookers Audi.
Let us explain how our Drive Now Pay Later (DNPL) works…
It’s essentially a 48 month Solutions agreement where Audi provide a contribution equivalent to the first 3 monthly payments. What that means is, after you’ve paid your deposit, you have nothing to pay until month 4, as the first 3 payments have been taken care of for you. From month 4, you’ll then have 45 equal monthly payments, followed by the optional final payment (GMFV) due in month 49. It’s that simple.
How will my Payments work?
The first of your regular payments will be due 4 months after your delivery date. That’s because Audi will effectively remove the first 3 payments from your payment schedule.
How is Interest charged?
Interest is charged throughout the whole duration of the agreement. Because of the initial delay in your monthly payments starting, there is a slight increase in interest charges over the period of the agreement - and ultimately your APR – as repayments are technically not spread evenly over the
agreement period. However, the overall total amount payable by you is lower, as Audi are paying a contribution to your first 3 repayments.
Can I still Early Settle?
You will be able to settle an agreement at any time – including during the first 3 months where no payments are being taken.
What do I do about the Direct Debit?
You will need to set up a Direct Debit when your agreement is activated, but no payments will be taken until the 4th month of the agreement.
The T&Cs state that the full 3 months rentals may not be covered for terms less than 46 months. What does that mean?
Whilst the process of no payments until month 4 is exactly the same regardless of agreement term, the Audi contribution is capped and based on the 46 month term – which is the average we see across the Audi network. What that means is, as the term shortens, so the monthly payment increases. In circumstances where the value of the 3 monthly payments exceeds the Audi contribution cap, any difference is rolled into the remaining monthly payments. In all cases, the contribution from Audi is deducted from the amount you have to pay before your payments are calculated.