Audi financing

[AUDILUX]

Does anyone know what kind of rates Audi is offering right now if you finance say a new A4 2.0T?

I know that with the economy being in the dumps, most car companies are advertising really low rates (i.e. BMW at rates as low as 0.9% for a 335i or 2.9% for a 328i). In fact, BMW has all of their rates posted by car model right on their website.

What's the deal with Audi? Do I have to call and give up all of my info to a dealer just to find out what kind of rates they can offer?

Just wondering if any of you have gone through this process. Thanks.

[audiwop]

4.9% 12-60 months, wholesale dealers can get 4.9% up to 72months

[AUDILUX]

4.9% 12-60 months, wholesale dealers can get 4.9% up to 72months

This doesn't seem competitive with BMW. Any idea why Audi isn't trying to be more competitive on financing?

[malucyk]

In Canada it's 2.9% for 12-24 and 4.9% 24-60.

Lease rate is 5.9%

My Audi A4 comes to 51500 inlcuding pdi and freight. On 60 months at 4.9% my payments were 1030 a month. Factor in fees and 5% GST here.

[aspw]

4.9% 12-60 months, wholesale dealers can get 4.9% up to 72months

I think there is a special right now 2.9% for 12 and 24 months, and then the rest are:
3.9% for 36 and 48 months
4.9% for 48 months
not sure about 60 months.

All these depends on your credit rating/history.

I bought the B7 2.0T less than 30 days ago and got 3.9% for 48 months, but this is the 3rd car I financed thru AFS/VWC, and I have spectacular credit rating.

Just thought of one other thing, the APR might differ because it is a B8. If so disregard my post. hah.

[jloh]

This doesn't seem competitive with BMW. Any idea why Audi isn't trying to be more competitive on financing?

The Audi 4.9% is for 2009 models. The low BMW rates are for clearing out the 2008 models.

[AUDILUX]

The Audi 4.9% is for 2009 models. The low BMW rates are for clearing out the 2008 models.

Good point.

Still...4.9% is not any lower than a new auto loan I can get from my bank. With the economy being as shit as it is right now, 4.9% is not going to move many cars.

[jloh]

From Audi's point of view, offering low financing means "buying down" the interest rates. With a brand new model launch, it may be a while before Audi feels that they need to offer incentives (low finance rates are a form of incentive because it costs money to buy down the rate) on the B8s.

From a consumer point of view, I can see why a low interest rate might entice you to pick one car over another, but if you have a sizable down payment, the monthly between 2.9% and 4.9% APR really isn't that much....at least for me to justify buying the car I like more.

[berika]

Audi Finance offers competitive and flexible solutions to help you achieve your automotive dreams. Our solutions are convenient, competitive and easy to understand. We hope to build a strong and long lasting relationship with all of our customers

_____________________

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[AUDILUX]

Anyone else want to weigh in w/ the latest financing rates that you are seeing out there? As the economy continues its downward spiral, I would expect these rates to come down a bit.

[jloh]

Anyone else want to weigh in w/ the latest financing rates that you are seeing out there? As the economy continues its downward spiral, I would expect these rates to come down a bit.

2.9% up to 36mo
3.9% up to 48mo
4.9% up to 60mo

All with A-tier credit approval.

[Air00Max]

You're not going to find rock bottom rates on a new model vehicle...especially with Audi. Give it until spring/summer and you'll see lease specials and rates come down.

[moses0324]

look at the fine print...I think BMW's offering is only up to 36 months. Im not sure though...

[discoduck]

5.9% for 60 months here in Canada.

[AUDILUX]

look at the fine print...I think BMW's offering is only up to 36 months. Im not sure though...

From US News and World Report -

BMW Offering 0.9 Percent Financing on Every 2008 Model
Posted: Oct. 24, 2008 10:10 a.m.

We've seen some surprising car deals this year, as auto sales crash to their lowest level in more than a decade. Apparently, even high-end cars that often command a premium can be discounted in the strange 2008 car market. Today, we learned that BMW is offering 0.9% financing on every 2008 model, from the diminutive 1-series straight up to the opulent 7-Series.

There seems to be some confusion over the credit score necessary to land the loan. The Truth About Cars reports, "Minimum credit score is tier one (701+)."

However, Autoblog claims, "No car is exempt from the ultra-low loan, which means you can get behind the wheel of an M3 sedan or a 335i with relative ease, assuming you have a FICO credit score of 600 or more. We called up our local BMW dealer to find out if there are any exceptions, and apparently the credit score and a loan spanning 24-60 months are the only things keeping you away from Teutonic bliss."

We tend to think TTAC has it right. If Autoblog's numbers are correct, then a buyer with a FICO score of 650 couldn't qualify to buy a Chevy Aveo through GMAC, but could line up for a 3-Series with confidence. But even if 700 is the minimum number, the offer would have been unheard of just one year ago. For those who are car shopping in this slow economy, it is apparently possible to land some unprecedented deals.

http://usnews.rankingsandreviews.com...ry-2008-Model/

[aaron1085]

well if you look at the grand scheme of things...every company is down, including Audi, but Audi is like 5% down, and every other company is almost double digits down so they dont have to offer LOW LOW rates..PLUS, my credit score aint 750, and those are the people that will get the .9%

[AUDILUX]

BMW's 0.9% financing has me seriously considering a 3-series for our daily driver. The fact that Audi is not being responsive at all by offering any added incentives in this economy is a big downer. I've inquired 2 or 3 times w/ my local Audi rep about financing and I can't even get him to quote me any rates. My local BMW rep has been very responsive to all of my questions, including financing and European delivery (whereas my Audi rep basically just said, 'go look at the Audi website for European delivery information').

[AUDILUX]

The Audi 4.9% is for 2009 models. The low BMW rates are for clearing out the 2008 models.

FYI BMW'S 0.9% is on 2009 models as well as 2008 and many of the certified pre-owned vehicles.

[...Mark...]

Audi is one of the few manufacturers who is not in the red due to a young model lineup. They are actually expanding a facility to accomidate the Q line according to a mag read. They are not straying to far from msrp on new cars, and they are not offering low financing because their cars are selling.


http://www.google.com/hostednews/ap/...7hV9wD94UIIQO0

[AUDILUX]

Audi is one of the few manufacturers who is not in the red due to a young model lineup. They are actually expanding a facility to accomidate the Q line according to a mag read. They are not straying to far from msrp on new cars, and they are not offering low financing because their cars are selling.


http://www.google.com/hostednews/ap/...7hV9wD94UIIQO0

We'll see how long that lasts. Even Ferrari sales are down -

http://www.thetruthaboutcars.com/fer...p-650-or-more/

[...Mark...]

We'll see how long that lasts. Even Ferrari sales are down -

http://www.thetruthaboutcars.com/fer...p-650-or-more/

It is what it is.. If i were you i would pick up a 335.

[joeddmd]

I got 2.9 for 36mo. Didn't have to put anything down, but I did. I got an email from audi that said that rate was only till jan. 5th.

[kastro]

i got mine at 1.9% 12-70months they had a deal up here in canada 6 months ago

[AUDILUX]

It is what it is.. If i were you i would pick up a 335.

Roger that. Going to pick up a 335ix via European Delivery in a few months.