Audi of America finacing rates...
11-30-2001, 11:09 AM
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Audi of America finacing rates...
What are the new financing rates for Audi of America? i heard 4.9% but I also heard that it varies by finacing period and your credit history...anybody know?
11-30-2001, 08:56 PM
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What?!?!? I think you mean 730 - 750.
I'm sorry but those are really bad scores. Anything under 625 and most banks auto decline it immeadiatly. Under 600 and almost all but subprime don't look at it. At Audi I can't get the good rates at all with less than a 675 without a really good explination, and I have a 0% loss ratio and a .2% deliquincy rate.
11-30-2001, 09:07 PM
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here's a link...and BTW Audi Financials Top tier REQUIRES 740+
<ul><li><a href="http://www.fico-credit-scores-and-beacon-credit-scores.com/interpreting.html#1">http://www.fico-credit-scores-and-beacon-credit-scores.com/interpreting.html#1</a</li></ul>
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11-30-2001, 09:30 PM
#8
Depends on the program. I agree, it can take a high score to get the best rates.
The killer rates always have a high criteria.
We've had very good luck with paying attention to previous auto loans. Not sure what volume you are doing. We did about 300 cars a month, so we could sometimes sweet talk the bank into helping out the client. Average unwind every couple of months or a rewrite.
Most people in SoCal fall into the 650 to 700 range. Never had much problem getting them approved for top tier so long as they were putting enough down ( 20% ). Of course, having a score over 700 makes everyone's job easy.
We did a lot of work with Onyx Acceptance as well as Chase and AFS;-)
We've had very good luck with paying attention to previous auto loans. Not sure what volume you are doing. We did about 300 cars a month, so we could sometimes sweet talk the bank into helping out the client. Average unwind every couple of months or a rewrite.
Most people in SoCal fall into the 650 to 700 range. Never had much problem getting them approved for top tier so long as they were putting enough down ( 20% ). Of course, having a score over 700 makes everyone's job easy.
We did a lot of work with Onyx Acceptance as well as Chase and AFS;-)
11-30-2001, 09:36 PM
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I've used onyx, chase and AFS all require 700+ for A and more for A+ and we do about 200/month
If you have under 675 at Audi no matter what the volume you're going to have a REAL hard time getting the 1.9 and such. You'll be in the standard tier and not the Prefered tier. Also, Loss ratio has even more to do with your dealerships buying power than volume. If you finance 500 cars/month with a 3% loss ration and a 5% deliquicy rate you'll have a hard time getting anyone bought.