doctortt

I remember someone on this forum said that it's better to apply the credit from a credit union rather than audi's financing. I'm just curious why? Let say you and sales rep have agreed on a deal, and you tell them that you're not gonna use Audi's Financing but rather your own Credit Union, what will happen?

Racedoc11

I just placed an order today and the sales guy said it is better for me to get my own finance if the rate is less than Audi's. I'm planning to check with my Credit Union at work. I heard someone here used Penfed and got 1.49....

mstams

Best approach if financing is to find your own best rate (often credit unions) and let the dealer know. If he can find a better rate, it's a win-win. If he can only match, then ask him to sweeten the deal. There's always room for creativity. Best of luck!

sixstrings981

I just financed my S5 through Pentagon Federal Credit Union... 1.49%

They also have a car buying service... if you go through them you could get a rate of 0.99%

Racedoc11

Is it for the military only? Or civilians can apply as well? Thx

john.g

Go out to their site. If you join one of the listed military-focused organizations (by paying a little fee), you are eligible to become a member. You don't have to stay with that org, you only need to be a member when you apply for penfed membership.

I looked at this, but locked in the 1.9% Audi financing today for a vehicle that I ordered with the 6% supplier discount on 12/26.

aggiealum

Once you've agreed on a price, if the dealer changes the terms b/c you don't want to use their financing dept or even buy a warranty or even have a trade in, I'd politely walk out.

Always go in with the best finance rate approved elsewhere (Penfed is one of the best right now), but also know what specials Audi might be running. They've had 0.9% for some vehicles last year. Ask what the best they can do is, then either take it, or ask to match the rate you got elsewhere. The reason you want to go in with something is that some dealerships, with less than satisfactory integrity, could force you onto a higher rate to make more money. A quick comparison is 1.49% vs 2.49%: you would pay $209 more for every $10K financed over 48mo with the higher rate.

DOC

Also went with PenFed at 1.49%; dealership couldn't/wouldn't match that. Everything went very smoothly.

doobs41378

I told the dealer what I could get at a local credit union and they offered to match it through Bank Of America so that saved me some running back and forth between credit union and dealership.

doctortt

Besides penfed, can someone please list a few other credit union's?