sickk23

Force-1

I got 2.99% for 60 months from USAA 2 months ago.

jetsfan101

They may be coming to an end but audi is still offering 2.99% on their new car financing. LOL. That's my point. To be fair the fed has hiked the rates a few times here and there but like 0.25% at a time. Nothing crazy where rates would go through the roof. And also, the rates that auto manufacturers set are the rates they offer their customers, not necessarily the "going rate" at the bank. This is what i pulled up from Q1 of 2018:All i am asking for as a customer that drops 70k on a car is that we at least get the base rates as offered by Audi without the shady dealer mark up.

Car Manufacturer
Financing APR Q1 2018

Honda3.90%
Toyota0.90%
Volkswagen1.90%
Chevrolet2.99%
BMW3.89%
Nissan0.00%
Hyundai0.00%
Kia2.90%
Mazda0.00%
Acura0.90%
Ford0.00%
Audi2.99%
Infiniti3.59%
Subaru0.00%
Lexus2.90%
Mercedes3.99%
Dodge0.00%
Volvo2.59%
Cadillac1.90%
Jaguar1.90%
Mini 0.90%
Buick2.99%
Average1.87%

sickk23

jetsfan101

same rate for 4-6 years for sure.

Someone also posted in another thread here that AFS will reject the dealer's rate at a certain point, idk how true that is

jetsfan101

just confirmed current AFS rates are 3.99% for Tier 1 0-60 months.

Suspicions have been confirmed dealer is collecting the difference. Suggestions on how to proceed? I know it's a moot point but at this point it would be fun to see what (if anything) i get out of them to keep my business

mike99

I have always come in with a pre-approval letter from another lender (at the lowest rate I can find - look at credit unions). You can ask them if they will match it - and they likely will if they can as it can be more of hassle for all involved if you bring third party financing depending upon the lender (you may need to get a physical check from the bank which could delay the closing by a day or two). You can also simply refinance the loan immediately after taking delivery if you can find a lender with a lower rate. You're apt to get a new car rate if you flip the loan quickly. The dealer won't be happy but it can be done and may be worthwhile especially if loyalty money is contingent on AFS financing.

jetsfan101

Well said. I've learned many lessons for the next purchase from this ordeal that's for sure.

GoBlue99

Paying 4.99% would make me bitter. Finding a credit union is the way to go. Anyone can join PenFed for example, and their 60 month rate is 3.24% right now.
Local credit unions can do even better. For example, Delta Community here in my area is offering 2.38% for 60 months right now.

stevenkong

When I bought the car in last July, the dealer was kind enough to compare the Audi rate to another bank for me. Audi gave me 4.5%, the other bank gave 3.7%. Then after four months, I got a letter from the bank saying the rate had been downed to 3.21%, no reason was explained. I also put a fortune of downpayment.