Brian
12-24-1998, 11:25 AM
I am planning for a purchase of an A4 1.8T the middle of 1999. For folks who have purchased recently, has anyone found competitive interest rates through the Audi dealer? I plan to explore AAA and credit union financing also.<p>Any comments would be greatly appreciated.....
JIM H.
12-24-1998, 11:39 AM
1) Your credit union<br>2) Your bank<br>3) Dealer's bank<p>Audi Financial isn't usually very aggressive with financing rates.
Andre Accurso
12-24-1998, 01:27 PM
I purchased My new A4 1.8TQMS at Weeks Motors in Danbury Ct. The finance rate was 6.5%.
I picked up my car 11/30th and negotiated a 5.75% from Audi. This was the most painful part of my deal. I had arranged financing through my bank for 6.75%, was somewhat content (my work credit union was 5.5%, but had to be a member for 6 months). Then the manager of the dealership thought they could do better, and they did! Sat down with the finance guy for 10 minutes, left and planned on picking up my car in a week after a planned vacation. Came back only for the salesman to tell me (after we had talked the day before and made the plans to pick up the car - no mention of any gliches with financing,) that the interest rate was not nearly as good as they had quoted. He came up with some story that through "excel" financing I did not qualify for that rate. I lost it.......and said "listen, I had financing arranged, your manager beat this with AUDI financing not this "Excel" thing.....I have no idea where you are coming up with this?I don't need this car now, and I can buy it elsewhere, so call me back if you can rectify this matter." Well, in 30 minutes I had financing through Audi financial for 5.75% with nothing down for 5 years! This certainly beats my educational loan rate! <p>1998.5 Avant 2.8QS 1000 miles.
Tony Tran
12-25-1998, 10:38 AM
hey, buy me a car. ill get a credit union loan at 6% and pay you and you keep the difference.<p>hahaha :)<p>congrats!<p>-tony<br>
PhilJ
12-25-1998, 05:53 PM
1- Refinance your home and add about US$40K to the amount. You can then write off the interest... This is what I did, and I got 6.75%!<p>Even though this may be higher than a good auto loan, there are a few advantages that would offset the slightly higher monthly payment, most importantly, the fact that you can write off the interest, and also it REDUCES your AGI come tax time...<p>2- Home equity loan. Same deal, but usually higher interest, around 9-10%...<p>Good luck,<p>-Phil<p>