Cutting the cost when you make the switch to electric
With fluctuating prices for petrol and diesel at the pump, along with changes in the cost of energy, it has become harder to estimate the running costs of an electric car compared to one with a traditional internal combustion engine. A high proportion of people fund a new car purchase with finance, adding further complexity in fully understanding exactly what you’ll be paying and the potential savings available when you make the switch to electric.
Individual factors and choice of car will play a part, however, to demonstrate we have selected a like-for-like comparison between a petrol Audi Q3, and an electric Audi Q4 e-tron.
Finance costs – 3 years, 10,000 miles per annum
| Q3 35 Black Edition S tronic with Tech Pack | Q4 e-tron 40 Black Edition with Tech Pack |
| £5,000 deposit | £5,000 deposit |
| £588 per month | £599 per month |
| 9.9% APR Representative | 4.9% APR Representative |
| 83p per mile (deposit & monthly payments) | 84p per mile (deposit & monthly payments) |
Running costs per month
| Q3 35 Black Edition S tronic with Tech Pack | Q4 e-tron 40 Black Edition with Tech Pack |
| £50 road tax | £0 road tax |
| £108 fuel | £51 Electricity |
| £92 maintenance | £62 maintenance |
| 30p per mile | 14p per mile |
Total cost per mile
| Q3 35 Black Edition S tronic with Tech Pack | Q4 e-tron 40 Black Edition with Tech Pack |
| 113p per mile | 98p per mile |
In this example, the total cost of running the Q4 e-tron works out to be 15p less per mile than the equivalent petrol Q3, equating to £6,000 over the 4-year, 40,000-mile term. The decision to make the switch to electric will vary by individual, including whether you intend to keep the car beyond its initial finance term, but in many cases an electric model won’t just be the green choice, but the financial choice as well.
Our team of sales specialists is available to guide you through the process of choosing your next Audi and help you understand how an electric model would suit you. We hold Electric Vehicle Approved (EVA) accreditation, a scheme developed by the National Franchised Dealers Association (NFDA) to recognise retailers’ excellence in the electric vehicle sector. EVA is endorsed by the Government’s Office for Zero Emission Vehicles (OZEV) and Energy Saving Trust.
To find out more, call us on 01202 983727 or use Audi’s online tools.
Representative Finance Example for Q3 35 Black Edition S tronic with Tech Pack Audi Solutions Personal Contract Plan
Duration: 49 months 48 monthly payments of £587.85 Customer deposit: £5,000 Retail cash price: £43,605 Offer contribution: £750 Acceptance fee: £0 Optional final payment: £21,137.50 Option to purchase fee: £10 Total amount payable: £54,364.30 Total amount of credit: £37,855 Representative APR: 9.8% Rate of interest: 9.83% fixed Annual mileage: 10,000 miles Excess mileage: 8.4p per mile inc. VAT
Representative Finance Example Q4 e-tron 40 Black Edition with Tech Pack Audi Solutions Personal Contract Plan
Duration: 49 months 48 monthly payments of £598.49 Customer deposit: £5,000 Retail cash price: £56,230 Offer contribution: £2,000 Acceptance fee: £0 Optional final payment: £24,106.25 Option to purchase fee: £10 Total amount payable: £61,093.77 Total amount of credit: £45,980 Representative APR: 4.9% APR Rate of interest: 4.85% fixed Annual mileage: 10,000 miles Excess mileage: 17.3p per mile inc. VAT
Disclaimer: Comparison data provided by cap-hpi. The information provided is for guidance only and should not be relied upon. Data is subject to change, so we therefore advise you to investigate the figures to ensure they are up to date. Fuel and Energy costs reflect a monthly UK average. Please input your own figures for the most accurate calculations based on your situation.
Accurate at time of publication [February 2024].