Financing and rebates question
12-29-2018, 07:26 PM
#1
AudiWorld Member
Thread Starter
Financing and rebates question
When I bought my A4 in August I was told that in order to get the $2500 "Summer of Audi" discount, I had to finance it through Audi Financial Services and follow the payment schedule for 12 months before I could pay off the full balance. Today I looked up a Payoff Quote for my account and found it matches what I calculate as the remaining principal for my car.
I somewhat expected the Payoff Quote to be more like, the remaining principal plus $2500. (Essentially, I'd be required to "pay back" the $2500 rebate because I'm paying off the car too soon.)
I'm going to make a call to Audi FS next week and ask specifically what's the deal but I thought I'd also ask here if anyone has info. I'm also somewhat wondering if the dealer gave me bogus info.
My original plan was to pay in full for the car anyway, so saving 9 months of interest would be nice. Not to mention having the title in hand would be convenient if I decide to trade in sometime soon. (And yes I know I'd be taking a HUGE hit on immediate depreciation there.)
I somewhat expected the Payoff Quote to be more like, the remaining principal plus $2500. (Essentially, I'd be required to "pay back" the $2500 rebate because I'm paying off the car too soon.)
I'm going to make a call to Audi FS next week and ask specifically what's the deal but I thought I'd also ask here if anyone has info. I'm also somewhat wondering if the dealer gave me bogus info.
My original plan was to pay in full for the car anyway, so saving 9 months of interest would be nice. Not to mention having the title in hand would be convenient if I decide to trade in sometime soon. (And yes I know I'd be taking a HUGE hit on immediate depreciation there.)
12-29-2018, 09:09 PM
#2
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I believe they told you that out of self interest. I heard from someone if you refinance the loan or do a full pay-off within 12 months, AoA charges the dealer the amount of the incentive. I paid mine off in 4 months with no problem.
12-30-2018, 06:08 PM
#3
AudiWorld Senior Member
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