To finance the purchase of an Audi, you can either get a loan through a dealership with Audi Financial Services or go with a traditional auto loan through a bank or credit union. If you\u2019re looking for convenience, the dealership might be your best bet, but to get the best terms and customer service, you might prefer a bank or credit union.<\/p>\n\n\n\n
With its solid line-up of sleek sedans and agile SUVs, Audi is known for its high-end interiors and cutting-edge tech features. Audi is one of the luxury brands sold by Volkswagen Auto Group. These premium vehicles can come with a bit of a price tag, so you\u2019ll want to get the best possible rate for your loan terms.<\/p>\n\n\n\n
It\u2019s relatively easy to get a car loan for an Audi, whether you\u2019re eyeing a brand-new Q7 Premium Plus or a new-to-you TT Quattro.<\/p>\n\n\n\n
Your first step should be to check your credit. Then, compare the rates and terms from at least three different lenders and get preapproval, if possible.<\/p>\n\n\n\n
You should always check your credit score before you shop for a loan. It\u2019s an essential factor a lender will use to determine your loan terms\u2014including the interest rate. Generally, a score over 660 is considered a good credit score when you\u2019re getting a car loan.<\/p>\n\n\n\n
That doesn\u2019t mean you\u2019re out of options if your credit score is below 660, though. If you\u2019re buying your car at a dealership, you may still qualify for an Audi car loan through Audi Financial Services. Just be prepared to show that you can make the payments by providing personal references, proof of income, or a co-applicant.<\/p>\n\n\n\n
Check out the table below to see the average APR and monthly payments for different Audi vehicles based on your credit score:<\/p>\n\n\n\n Once you\u2019re familiar with the kind of loan you might qualify for, it\u2019s time to look at lenders. Generally, your options are to get a loan through your bank, a credit union, or a dealership that participates in Audi Financial Services.<\/p>\n\n\n\n To make sure you\u2019re getting the best rate, compare offers from at least three different lenders before you choose one. Here are some things to look for:<\/p>\n\n\n\n There\u2019s more to it than just numbers, though\u2014make sure to look at the lenders\u2019 customer service record, too. If a lender is hard to get in touch with or has a reputation of being difficult to work with, it may not be enough that they have high approval rates or low monthly payments.<\/p>\n\n\n\n If you can get pre-approved for your car loan, it will be easier to negotiate when it\u2019s time to sign the final loan agreement. You can even apply online for preapproval through Audi Financial Services.<\/p>\n\n\n\n To get preapproved, you\u2019ll need to complete an application for a loan. The lender will need the following information:<\/p>\n\n\n\n When you\u2019re securing your auto financing, you may have the chance to choose your loan term or how long you\u2019ll make payments. The most common loan term in the US is currently 72 months, or six years. However, that doesn\u2019t always mean it\u2019s the best loan term.<\/p>\n\n\n\n Consider asking your lender if they\u2019ll give you a repayment term of 60 months or less. Your monthly payments may be a little higher, but if you can pay off your loan faster, you\u2019ll pay less interest, so you\u2019ll actually save money in the long run.<\/p>\n\n\n\n If you\u2019re obtaining your loan through a dealership, Audi Financial Services offers loan terms ranging from 12 to 72 months. Also, there\u2019s no prepayment penalty, so if you want to pay off your loan early, there won\u2019t be any extra fees added to the total cost of the vehicle.<\/p>\n\n\n\n To get a sense of what your monthly payment and interest rate could be depending on your loan terms with any credit score, see the table below.<\/p>\n\n\n\n If you\u2019re approved for a loan and you have fair credit, you\u2019ll likely have slightly higher interest rates and monthly payments, as seen below.<\/p>\n\n\n\n With good credit, you\u2019ll be able to secure more favorable interest rates, and your monthly payments will be lower.<\/p>\n\n\n\n If you have excellent credit, you\u2019ll likely qualify for the lowest interest rates, and your monthly payments will be lower than average.<\/p>\n\n\n\n Car-related expenses can vary a lot from one state to another, so it shouldn\u2019t be a surprise that auto loan payments and interest rates are different depending on where you live. To make sure you\u2019re getting the lowest possible APR for your credit score, look for a lender who\u2019s familiar with the financial situation where you live. This table shows how much you might pay for an Audi car loan in your state:<\/p>\n\n\n\nCredit score<\/th> Average Annual interest rate<\/th> Average monthly payment<\/th><\/tr><\/thead> Any<\/td> 8.52 <\/td> $363<\/td><\/tr> Fair<\/td> 16.58 <\/td> $415<\/td><\/tr> Good<\/td> 8.5 <\/td> $361<\/td><\/tr> Very good<\/td> 5.12 <\/td> $341<\/td><\/tr> Excellent<\/td> 3.89<\/td> $333<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Compare lenders<\/h3>\n\n\n\n
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Get pre-approved<\/h3>\n\n\n\n
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Average loan term for an Audi car loan<\/h2>\n\n\n\n
Loan Terms<\/th> Average Annual Interest Rate<\/th> Average Monthly Payment<\/th><\/tr><\/thead> 24 <\/td> 11.38 <\/td> $698<\/td><\/tr> 36 <\/td> 8.77 <\/td> $472<\/td><\/tr> 48 <\/td> 8.2 <\/td> $364<\/td><\/tr> 60 <\/td> 8.11 <\/td> $301<\/td><\/tr> 72 <\/td> 8.43 <\/td> $263<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Loan Terms<\/th> Average Annual Interest Rate<\/th> Average Monthly Payment<\/th><\/tr><\/thead> 24 <\/td> 20.96 <\/td> $765<\/td><\/tr> 36 <\/td> 17.07 <\/td> $525<\/td><\/tr> 48 <\/td> 16.01 <\/td> $413<\/td><\/tr> 60 <\/td> 15.89 <\/td> $352<\/td><\/tr> 72 <\/td> 16.58 <\/td> $318<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Loan Terms<\/th> Average Annual Interest Rate<\/th> Average Monthly Payment<\/th><\/tr><\/thead> 24 <\/td> 11.78 <\/td> $698<\/td><\/tr> 36 <\/td> 8.57 <\/td> $469<\/td><\/tr> 48 <\/td> 8.06 <\/td> $362<\/td><\/tr> 60 <\/td> 8.02 <\/td> $300<\/td><\/tr> 72 <\/td> 8.64<\/td> $262<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Loan Terms<\/th> Average Annual Interest Rate<\/th> Average Monthly Payment<\/th><\/tr><\/thead> 24 <\/td> 5.6 <\/td> $660<\/td><\/tr> 36 <\/td> 4.11 <\/td> $442<\/td><\/tr> 48 <\/td> 3.79 <\/td> $336<\/td><\/tr> 60 <\/td> 3.69<\/td> $273<\/td><\/tr> 72 <\/td> 3.6<\/td> $231<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Finding an Audi car loan in your state<\/h2>\n\n\n\n
Credit Rating<\/th> Average Annual Interest Rate <\/th> Average Monthly Payment<\/th><\/tr><\/thead> Fair <\/td> 16.58 <\/td> $415<\/td><\/tr> Good <\/td> 8.5 <\/td> $361<\/td><\/tr> Very Good<\/td> 5.12 <\/td> $341<\/td><\/tr> Excellent<\/td> 3.89 <\/td> $333<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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