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Audi Loan Rates

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Old 03-21-2017, 11:19 AM
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I've heard various stories depending on region and dealer and seems there is little consistency and these rates are not openly advertised. I bought a 2017 Q7 Prestige a month ago and was quoted 3.9% if I wanted the $1,000 Audi Loyalty and 2.9% if I didn't take the loyalty. Of course, the dealership would not specify this until I was sitting in the office with the finance manager. I ended up taking $500 Audi Loyalty by going with the dealer's bank financing at 2.84% and just refinanced with Lightstream at 2.14% before even making my first payment on the bank loan. I got Lightstream to do a "rate beat" over Alliance Credit Union 2.24%.

I'm excited about Lighstream because not only is the rate great, but it's unsecured, so I hold title. Brilliant product for top-credit and those with supportable income that fits their underwriting criteria.
Old 03-21-2017, 05:56 PM
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Originally Posted by FairwellQ7TDI
I've heard various stories depending on region and dealer and seems there is little consistency and these rates are not openly advertised. I bought a 2017 Q7 Prestige a month ago and was quoted 3.9% if I wanted the $1,000 Audi Loyalty and 2.9% if I didn't take the loyalty. Of course, the dealership would not specify this until I was sitting in the office with the finance manager. I ended up taking $500 Audi Loyalty by going with the dealer's bank financing at 2.84% and just refinanced with Lightstream at 2.14% before even making my first payment on the bank loan. I got Lightstream to do a "rate beat" over Alliance Credit Union 2.24%.

I'm excited about Lighstream because not only is the rate great, but it's unsecured, so I hold title. Brilliant product for top-credit and those with supportable income that fits their underwriting criteria.
Remember that rates and rebates vary greatly per product, the Q7s sell like hot cakes so there are less incentives.
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