Navigating the financial landscape of vehicle ownership can be complex, but Audi Finance is committed to simplifying this process, ensuring that your journey towards acquiring a new vehicle is as smooth and efficient as possible. With a range of finance products and services tailored to meet individual needs, Audi Finance stands out for its flexibility, convenience, and competitive rates. This article aims to provide an informational overview of Audi's financing and leasing options, the Audi Select program, and the Audi Finance Newcomer Program, guiding you through your journey towards owning or leasing a new Audi.
Leasing vs. Financing with Audi
Audi offers two primary pathways to drive away in a new vehicle: leasing and financing. Both options are designed to cater to different lifestyles and financial situations, offering flexibility and convenience.
Audi Leasing
Leasing with Audi is an attractive option for those who prefer lower monthly payments and enjoy driving a new car every few years. Lease payments are typically lower than traditional purchasing payments because they're calculated based on your car's usage during the term, which can range from 12 to 60 months. Leasing with Audi also offers the following benefits:
- One-Pay Lease Program: This program is ideal for customers looking to reduce their borrowing costs compared to a standard lease and eliminate monthly payments. Benefits include a reduced interest rate, GAP coverage in case of theft or total loss, and options to purchase or return the vehicle at lease end.
- End of Lease Options: As your lease term concludes, you can choose to purchase your Audi through Audi Finance, finance your Audi, or turn in your current Audi and prepare for your new one.
- Ideal for: Those who plan to drive their Audi for less than 4 years and less than 25,000 kilometres per year.
Audi Financing
For those who prefer ownership and tend to drive more kilometres per year, financing your Audi is an excellent choice. Audi Finance offers flexible loan terms ranging from 12 months to 84 months, allowing you to become an Audi owner on your terms. Key points include:
- No Prepayment Penalties: Audi Finance imposes no prepayment penalties, meaning you can pay off your loan before the term ends without any additional charges.
- Competitive Interest Rates: Enjoy competitive interest rates, coupled with the ease of application and convenient payment plans.
- Ideal for: Those planning to own their Audi for more than 4 years and drive more than 25,000 kilometres per year.
Audi Select Program
The Audi Select Program offers a unique financing solution, combining the benefits of lower monthly payments similar to a lease with the advantage of owning your Audi. During the contract, your monthly payments are significantly lower than a typical retail loan, enhancing affordability. The contract length is flexible, and you can pay off your loan anytime without administration fees. At the end of the contract, you have the option to keep your Audi by paying off the balance or refinancing it, offering total financing flexibility.
Audi Finance Newcomer Program
Understanding the challenges of being new to a country, Audi Finance introduces the Newcomer Program, ensuring that your new start in Canada is accompanied by the vehicle you desire. This program is designed to provide financial solutions to individuals new to Canada, helping them drive an Audi without the typical constraints new residents might face.
In conclusion, Audi Finance provides a comprehensive suite of financial products and services tailored to meet the diverse needs of its customers. Whether you prefer the flexibility and lower payments of leasing or the long-term benefits of financing, Audi offers solutions designed with your convenience and financial preferences in mind.
Financing and Leasing Tips
Below are a few tips that you may find helpful when it comes to Audi financing and leasing.
- Assess Your Driving Habits: Before deciding between leasing and financing, consider your driving habits. If you drive less than 25,000 kilometres per year and like to change cars every few years, leasing might be more beneficial. If you drive more and prefer long-term ownership, financing is likely the better option.
- Understand the Total Costs: For both leasing and financing, look beyond the monthly payments. Consider the total cost over the term, including interest rates, fees, and potential penalties.
- Utilize the One-Pay Lease Program: If you have the means, consider the One-Pay Lease Program to save on interest and eliminate monthly payments. This option is particularly beneficial for those who prefer the flexibility of leasing but want to reduce the total borrowing cost.
- Take Advantage of Audi's Flexible Terms: Whether you're leasing or financing, Audi offers flexible terms ranging from 12 to 84 months. Choose a term that aligns with your financial situation and vehicle usage plans.
- Consider the Audi Select Program for Lower Monthly Payments: If you want the benefits of lower monthly payments, like a lease, but with the option to own the vehicle at the end, the Audi Select Program might be the right fit. It offers the best of both worlds with total financing flexibility.
Our finance team at Audi Windsor will be more than happy to help you find the perfect financing or leasing plan for your new Audi. Discover our multiple financing and leasing options today.
