Dealing with Audi Financial

[audibehr]

Hey all, just curious if any one has had any dealings with audi finance, I am at 46 day's late, they are saying that after 60 day's they will repo, I find that hard to believe, that in the state of this economy that they would wan't to take a car off the road. I tried making a partial payment today, they said it would not make a difference unless I got a full payment in, which if I save the 450. i was gonna pay today till 2/6 is feasable, I just really don't want to lose my car over somthing as silly as not having a job...

[B7A4Sport]

Wow, repo after 60 days??? That does seem shocking.......sorry to hear that man, I hate to see stories like this. Is 2/6 when the 60 days is up??

You could always do a little research on the loan terms and see what the rules are on repossession, and try to find a rule that would work in your favor. Hopefully someone will chime in with a helpful tip; for now, I at least wanted to offer my sympathies.

[mfresh2k2]

can they defer a payment for you?

[JMG]

If you make one full payment, doesn't that just make you 15 days late? Not sure how it works... but my friend had their e class almost 6 months behind. They even called MB to tell them the car is ready to be picked up. It took them another 3 months.

[SLC_A4]

Contact your local dealership where you purchased/leased the car and talk to there financial department. Be prepared to explain to the fullest your situation, and what you can do and can’t do at this time. I will admit that I don’t have any first hand experience with this, but I would start working angles that are local/where you can go in and meet face to face if possible. Audi Financial on a world level doesn’t know you, will never know you and hears issues each day I am sure. They are more than likely immune to people issues or problems with the amount of things they hear daily. I would venture and guess that if they are telling you that they can repossess, they more than likely can…whether they do or not is anyone’s guess. I suggest parking inside though if you get to that point. I guess my point is that I would just start to move on the situation to let them know you are serious and not just completely delinquent. Good luck man and keep us all posted….

[Matt C]

Call AFS and request to speak to a Manager/Supervisor. Remember, being polite and courteous will get you further than being obnoxious (not saying that you are, just saying). Inquire about a deferred payment plan (some companies can do up to two at a time) as long as you are willing to post-date a payment in full via check or credit card on an agreed date. Be prepared to offer some personal information (i.e. the location and condition of your car, how long you intend on being out of work, are you receiving unemployment, personal references, etc.) as this is standard operating procedures for a finance company to protect their collateral. Be certain that if they told you that they will reposess at 60 days past due, that they will (Fair Debt Collections Practices Act). Also, you are correct in that they do not want to reposess your car as it is ultimately a loss for them (they make their money on your interest rate). Hope this helps. I am in no way affiliated with Audi (other than owning one) but I do work in the finance industry...Good luck!

[QTC]

Unfortunately, and I really don't mean to be the bearer of bad news, but the longer you take paying, the lesser the chance that you'd be able to obtain good financing from Audi will get. I.E., if you went to buy another car from Audi, they take a really good look at whether or not you were late on the payments. Try and get it paid ASAP, even if you need to borrow money from someone (parents/gf/wife/etc). The situation is out of your hands, so hopefully it can be made right. Good luck dude.

[sjparker]

Please do not go to your local dealership and talk to F&I there. They will not be able to help you whatsoever. They may have done the loan paperwork for you, but they do not work for afs and cannot assist in the situation. I work in F&I for a H-D dealership and we get people all the time in the same situation and there is nothing I can do for them, some understand, others don't and leave angry. You will need to call afs as was suggested in a prior post. AFS may direct you to your local dealership (more than likely not) after they have contacted them with instructions on how to handle the situation. Should it come down to the car being repo'd, try and make it a voluntary repo. Repo's never look good in anyway, but a voluntary repo may give some small amount of grace for future loans

[Jay B7]

If you make one full payment, doesn't that just make you 15 days late? Not sure how it works... but my friend had their e class almost 6 months behind. They even called MB to tell them the car is ready to be picked up. It took them another 3 months.

lol umm yeah, your car's ready to be picked up?

[Bmeister]

Sorry to hear you're in a financial pinch. The first thing you should assess is if keeping the car will send you into even deeper financial trouble. If you cannot do without it, then you need to contact a decision maker within Audi Financial, not the tier-1 level of "customer service" who you have probably dealt with.

I do not know who that would be (I never finance any of my vehicles) at Audi, but somewhere in every financial organization there are bean counters who would rather renegotiate a payment plan to bring in cash than try their luck (literally) spending money to repo a car and then sending it off to auction...especially in this market.

Time is NOT on your side so do as suggested and get up to speed ASAP on payments while trying to work something out with them. Perhaps you could have a friend/relative assume the lease payments (or part of them) in exchange for use of the car? Just throwing out some options. Good luck.

[cgmiller63]

Have you asked for a loan deferment? Many finance companies will allow you to defer the payments for a month or two if you have financial issues. As others have said - time is of the essence so call them ASAP. If the first level person cannot help you, ask to speak with a supervisor. Keep moving up the chain of command until you find someone who has the authority to help.

[audibehr]

Thanks for all the input, ya'll will read again and start making calls in the morning. It's just such a fuk, to move out of san fran after 15 years, back to the family ranch, in fresno, then coupled with moving, and such expenses, to get a biatch on the phone, who did not even want my $$$

Blair

[Kschroers1]

Well if it makes you feel any better. I live down here in Fresno and run the local EuroSunday, which you may know of up in the bay area, and our first meet of the year is this sunday. Need any more info you can just PM me and might as well drive the crap out of it while you can ;)

[MikeyG6767]

to be granted a defer payment you must be current on your loan. Suggest you try to refi or if its a lease try to buy out of the lease and purchase the car.. that could give you some time..

[juggernaut201]

damn dude sry 2 hear not tryin 2 b a dick they cant get ur car if they cant find it keep it in the garage or at a friends house and see what you can make happen

[SGVA4]

not to be a prick or anything, if you know that that by buying the vehicle you'll not be able to pay for it (if you lose a job) then why did you get it in the first place?

buying a car (or even leasing) is a big investment, before you venture into one don't you think about the pros and cons in the first place?

a defer payment only happens if you are current, and I think Audi Financial only offered during the holidays ( i got one but did not use it)

what I suggest you to do is to surrender your car or try to bring it back to the dealership

[Sharkfin]

not to be a prick or anything, if you know that that by buying the vehicle you'll not be able to pay for it (if you lose a job) then why did you get it in the first place?

buying a car (or even leasing) is a big investment, before you venture into one don't you think about the pros and cons in the first place?

a defer payment only happens if you are current, and I think Audi Financial only offered during the holidays ( i got one but did not use it)

what I suggest you to do is to surrender your car or try to bring it back to the dealership

I was thinking the same thing, I'm a realistic person and I think you should get rid of the car as soon as you can before it gets worse.

[audibehr]

I was thinking the same thing, I'm a realistic person and I think you should get rid of the car as soon as you can before it gets worse.

Well, let's see here, I was making $85,000. till september, with a job that I had for eight years, so no I was not being irresponsible when I bought said Audi. just circumstances hit in the wrong area's.

so for not having enough $ was never the problem.

[Latin Audi]

Sorry to hear. I know if I end up loosing my job, the A4 is def gone.

[Glassnpowder98]

I work in F&I for a H-D dealership and we get people all the time in the same situation and there is nothing I can do for them, some understand, others don't and leave angry.

Crazy small world... I work for Bare International and I am one of three in charge of the mystery shopping program for H-D. Ha, I'm actually supposed to go to the H-D dealer meeting at 2pm today in Maryland. I guess I should say sorry for being a narc... /thread jack

[CX-7&A4]

You don't need to be current to get a payment deferment. I would just let it get close to repossession, your account escalates to someone that can do more with you. If you make one full payment that will save you from repo. Whatever you do, DON'T let them repo.

[Sanjman]

not to be a prick or anything, if you know that that by buying the vehicle you'll not be able to pay for it (if you lose a job) then why did you get it in the first place?

buying a car (or even leasing) is a big investment, before you venture into one don't you think about the pros and cons in the first place?

a defer payment only happens if you are current, and I think Audi Financial only offered during the holidays ( i got one but did not use it)

what I suggest you to do is to surrender your car or try to bring it back to the dealership

What he does with his money shouldn't be of anyone's real concern... I think most people should understand the state of the economy and shit can hit the fan real quick. If you lose your job in this crisis of ours, it may be tough for some to find a job. It's not like he knew the market was just going to go into a economic downturn (and maybe eventually into a depression). If I had a choice to either hold my money so I can take care of more important things than make a car payment right now, I'd hold my money.

Either way, I agree with surrendering your car or finding someone to loan you some money... (parents, uncles, brothers, sisters?)... it is only 450 something dollars.

[MichiganAudiDvr]

Losing a job is the worst. It is painful to hear this kind of thing.

My family is in the auto retail business (but not Audi) and honestly you need to do everything you can to get current on your loan and prevent repo at all costs.

If you ever need auto financing again, and a good dealer sees a repo on your credit report, you won't get financing. And, if it is a sketch dealer, they will finance you, but at a sky high rate.

I assume you have already cut out all other unnecessary expenses to help you make your two most important payments, mortgage and car - Make sure you have considered cutting your cell phone or home phone (but keep one for the job hunt), high speed internet (use public library), cable tv (unnecessary), other household services. Some people pay hundreds per month for cable tv and high speed internet, enough to make up the difference in your car payment - so take a close look at the little things if you have not done so already.

If repo can't be prevented - once the repo order goes out, there is likely no stopping it unless you pay up, so give the car up freely if you can't do it, with the keys.

[Chb04]

Well, let's see here, I was making $85,000. till september, with a job that I had for eight years, so no I was not being irresponsible when I bought said Audi. just circumstances hit in the wrong area's.

so for not having enough $ was never the problem.

If you were pulling in 85k a year you should have some sort of savings? I'm not trying to be a dick and it does suck to hear about the job loss but are you living that far above your means that you have 0 dollars?
Do understand that at the 30day mark you credit will be Fd if it already isn't
and like others have stated you will be making it harder to not just get a car loan but anything for that matter. We can only speak to you, you need to act on what we say. GOOD LUCK!

[audibehr]

If you live in one of the most expensive cities in the nation, you would understand that $85.000 is not a huge amount of money, it takes $40.00 to walk outa the door in the morning, and what about gas thru last fall? commuting 75 miles a day also was not cheap... sorry I did not save.....

[SLC_A4]

Brother keep your head up, because with due diligence in the end things (generally work out). Although people in the industry here have suggested not to contact anyone locally, I say still do it. As you know dealership to dealership customer service varies and the cream rises to the top and that’s why some are ranked and respected more than others. We have three Audi dealers here and one number wise does A LOT better than the other not because they have different cars, but because there face to face CS is better. Work angles brother, work angles…will it get you anywhere, I have no idea…but do it..what do you have to lose? Someone tell you to leave? Great your 5 second loss.

Also to people posting that this person was unprepared look at it from all angles before you post. We all drive Audi’s here so I assume we all put in work to play hard, but to suggest that someone didn’t look at all angles without even really knowing the WHOLE situation…well then audibehr take the source for what its worth…

Peace brother and good luck,

[audibehr]

Brother keep your head up, because with due diligence in the end things (generally work out). Although people in the industry here have suggested not to contact anyone locally, I say still do it. As you know dealership to dealership customer service varies and the cream rises to the top and that’s why some are ranked and respected more than others. We have three Audi dealers here and one number wise does A LOT better than the other not because they have different cars, but because there face to face CS is better. Work angles brother, work angles…will it get you anywhere, I have no idea…but do it..what do you have to lose? Someone tell you to leave? Great your 5 second loss.

Also to people posting that this person was unprepared look at it from all angles before you post. We all drive Audi’s here so I assume we all put in work to play hard, but to suggest that someone didn’t look at all angles without even really knowing the WHOLE situation…well then audibehr take the source for what its worth…

Peace brother and good luck,

Thanks!!! Appreciate some positive feedback, not bashing in for not saving and playing too hard!!!

[Chb04]

Thanks!!! Appreciate some positive feedback, not bashing in for not saving and playing too hard!!!

Wasn't trying to crap in your fruit loops! SORRY! But here is an option if you can swing it make the next 2 payments with a credit card to get them off your back and I would assume??? you will be getting some monies back from Uncle SAM and use that to pay off the credit card. Just a thought and I would call the bank and work something out NO attempt is the wrong approach. Again GOOD LUCK and I hope things work out for you!

[ShawFM]

If at all possible try not to have it repo'd and do not surrender it.
If you surrender it, (as my cousin did) it is pretty much the same as having it repo'd.
Sell it or borrow to get it current.
If you are upside down on your loan - sorry.
But your credit history will result in higher insurance auto, health, life, and so on... Higher interest rates on credit cards, car loans, and mortgages.
For a few hundred it will cost you thousands.

[Josh_877]

Crazy to be reading a thread like this that I didnt create. Ive been going through the same thing. (job loss, backed up car payments) But i've just been trying to sell it, cause i know if i return it or get it repo'd its gonna be a lot worse.

[audibehr]

It really is a curious, sad point, that I am at. it will work out, something good will happen!!! thanks Stuart Smalley!! But they can be dicks at audi financial. Thanks for the good words, Josh Pm. me or shoot me a mail [email protected]

[cgmiller63]

Solutions not judgments are what’s needed here. Keep your head up things will work out. I too lost my job in April 2008 after 10 years on the job. Luckily my husband has a good job and we did not live above our means so we're okay. No one can plan for what happened to the economy.

CHB04 had an excellent idea of bringing your account current using credit cards or borrowing from someone. After you bring the account current, ask for a deferment. Good luck and just know you are not the only person in this situation.

[juggernaut201]

def keep your head up something will pull thru good luckbro

[MichiganAudiDvr]

Just had another idea pop up:

I assume that this is a buy, not a lease, right?

Have you considered parting out some of the high-value items in your car? Granted I don't know if you have Xenon or Nav, but if you do, each could command about $1,000 on the forums - that right there could pull you through a few months - ask for a trade, have the buyer give you their Halogens and their old head unit in exchange so you have something to replace and keep driving the car.

You could do the same if you have an S-Line - part out the bumper, door blades, and rear diffuser to a non-sline owner for cash and exchange for the buyer's non-s-line items.

I know this sounds crazy, but desperate times call for desperate measures, right? Do the same with any modded parts you may have installed.

Just a thought - also, if it is a buy, I am sure you have already tried / or you are trying to sell the car. Have you offered a payment takeover on the forums? Someone on here may be willing to do it.

[Bllzll]

^ excellent ideas right there!!

[B7A4Sport]

Yea, to the OP, I also live in the Bay Area and MAN, is living here expensive! I honestly think, unless I can pull up a job in the near future that pays better, I will have to move away for a while to properly save up money.

I live up in Marin, north of the city, and I'm paying $1,000/mo for a studio apartment (all util's included), which isn't awful. However, I went to school in Tucson, AZ and I had a 3 bedroom apartment, furnished, washer/dryer in unit, all bedrooms had their own bathrooms, parking space, TWO pools, hot tub, other amenities, and all utilities but power included in $405/month. Makes you wanna cry, doesn't it....

Sorry to hear you're going through this man, hope you find a quick solution!

PS - to the people saying he shoulda/coulda, it's kinda like in Talladega Nights, when Will Ferrel always tells his boss "With all due respect......that is the dumbest idea I've ever heard in my life." You can't say "I don't wanna sound like a dick", and then say something completely dickish. Until you know details, which he has now disclosed, you can't comment acting like you know better.

[Matt C]

Any time that a vehicle is reposessed or voluntarily surrendered, it shows as a repo on your credit bureau. So either way your credit is going to suffer. Also, in most states (except for Texas) you will be responsible for the deficiency balance, which is the difference between what you owe on it (+ repo, storage, doc, auction, reconditioning, and misc. fees tacked on) and whatever the vehicle is sold for at auction. So basically, you will still incur a debt on something that you will not even own. As others have suggested:

A) Get a deferment - this will buy you some time
B) Try to get somebody to take over the payments
C) Put it on a credit card or line of credit to buy some time
D) Stay in contact with AFS
E) Try and borrow the cash from friends or family

I by know means blame you for this situation, man. I see it every day, and with the state of the World's economy, there is no end in sight. Good luck on all accounts

[ShawFM]

Crazy to be reading a thread like this that I didnt create. Ive been going through the same thing. (job loss, backed up car payments) But i've just been trying to sell it, cause i know if i return it or get it repo'd its gonna be a lot worse.

I might be interested in your car.
Year, Color, options,
But timing may not be on our side. I'll be going out of town for a few weeks.

[cgmiller63]

Keep us posted on your progress.

[nu2qtro]

i wish i could help! i haven't worked for over a year after 9yrs in the insurance industry so i know your pain! jobhunting has become my fulltime job now.by the way you could never save enough to get you through sheeet like this.

on the upside, you're in SF where you could be banking if you start sell your ass! sheeet you would probably be able to pay all of our car notes...

according to the CatHouse in NV the prostitution business is booming and healthier than ever desperate times call for desperate measures my friend