Question about Audi Financial

[latintrpt]

Hello,

I've been getting mixed answers on how this process works. But basically I'm looking to order a new 2010 Audi A5 6 speed manual, Ibis White with Prestige and S-line packages. One dealer already ran my credit report and told me that I was qualified for Audi's 4.9% / 66 months loan. They told me that I just put a deposit and the car would be ordered and that I would be locked into that 4.9% for 66 months regardless if something happens to my credit score when the car comes in. They call it rate protecting and if a new program comes within the 3 months of delivery they would offer me a better rate. Another dealer told me that Audi Financial has to check my credit score when the car is actually purchased. So I'm a little confused about this. Does this vary from dealer to dealer?

[SexyVicky]

Ask Shnab he does this for a living.

[1EightTAvant]

I do this for a living also! The dealer can submit the deal and lock in your rate now so that when the ordered car comes in you can still get the same rate. They will then have to resubmit the deal once the ordered car arrives to confirm that your credit has not taken a free fall, and then you basically get the best possible rate; the one available now or the one available when the car gets here.

We did not have to resubmit rate protected approvals until the last few months. This is a policy Audi Financial recently changed, so my guess is that the first dealer you spoke with was not really up to date with the procedure.

[1EightTAvant]

oops double post

[Shnab]

1eight is right, they lock the rate in when you order the car and when the car is delivered. when the car comes in they double check to make sure the credit is still ok and if the rate gets better you get the better rate or the if not youll get the rate they locked you into.

PM me if you like

[schmally]

Just make sure its not a Sonic Automotive dealer. They will rate fuck you all day long.