topic Re: AUDI FINANCE in Auto Loans

AUDI FINANCE

Anonymous — Tue, 26 Jan 2021 17:39:03 GMT

Does anyone know what Audi's lending criteria? Are they still using Auto score 8 and which bureau?

Re: AUDI FINANCE

lhcole77 — Tue, 26 Jan 2021 23:40:40 GMT

If Audi operates the same as VW, FICO 8 Autos are used. 720--740+ get best terms. I have VW Financial experience and got best terms in 2015 with 720+. 2018 required 730+. And I have read other posts that now say 740. VW is big on TU here in Calif.

ETA: I just read some other Audi posts on here from 2017 and 2018 and it seems they may be more lenient than above. Not sure if my info is helpful

Re: AUDI FINANCE

Anonymous — Wed, 27 Jan 2021 13:12:03 GMT

I leased an Audi S4 in December 2020 they pulled all 3 (EQ,TU,EX).

Re: AUDI FINANCE

Anonymous — Thu, 28 Jan 2021 22:45:33 GMT

Thanks for the feedback.

Re: AUDI FINANCE

Anonymous — Fri, 29 Jan 2021 15:29:57 GMT

I run Audi Dealer. Audi uses tiers based on score range. Tier 1 is 700+. They will use highest score of ANY of the bureaus. They have really good financing for business, allow u to pay payments in advance, and have fairly competitive rates. If you have bad credit their rates are extremely generous if you can get approved.

Re: AUDI FINANCE

Anonymous — Sat, 30 Jan 2021 13:52:54 GMT

Thanks for the info. Is that Fico 8 700+?

Re: AUDI FINANCE

Anonymous — Mon, 01 Feb 2021 03:03:19 GMT

Yes. Auto.

Re: AUDI FINANCE

Anonymous — Mon, 01 Feb 2021 03:28:13 GMT

Thanks

Re: AUDI FINANCE

Anonymous — Tue, 22 Jun 2021 13:16:32 GMT

So I used MyFico to get a better grasp on Audi Financing so even though this is late I want to put it here for help to future people researching. My credit score ranges based on pulled, and at the moment my DTI is about 28% but I have little credit card lines so I tend to show high usuage. I went to Audi because my boyfriend drives an S6 and has had Audi's since he was 16. He wanted me to test drive something there before I got into a Benz. Mercedes wouldn't Finance me without a co-signer, which I bought a house without one so I was a little Po'd. I test drove the new Q3 Premium Plus and fell in love. Side note the Benz GLB was cheaper than the Audi Q3 Premium Plus. This was also for a lease not finance. They pulled TU and Experian FICO 8

When I tell you it was the easiest car I have bought, I will never not drive a Audi because the process was semless. I went test drove a few cars. Left the dealership, did my credit app online on a Saturday, they called me Monday to let me know I was approved. No Co-signer needed. My payment was about 25 bucks higher than negotiated but expected that with credit score/history. I e-signed everything online so when I went to the dealership they needed 3 wet signatures and that was it. I was in and out of the dealership in literally 20 mins. If you have semi-ok credit with some bad on it I would def recommend giving Audi a Try. It is also a good idea to find a Salesman who cares and will fight for you so if you can build a good relationship with someone you can buy cars from for years to come, like our Audi guy.

Re: AUDI FINANCE

Anonymous — Wed, 23 Jun 2021 21:16:20 GMT

To all,

Here are some datapoints from 2 days ago based on personal experience. I asked for "Audi Financing Services"

and was very diligent about not running a ton of inquiries. With that being said, the dealership did initally pull

under their AUDI dealership name against EQ and EX FICO AUTO 8 Score. I even went through the trouble of

showing them my current AUTO FICO 8 scores from that day so they had a great idea about their choices rather

than pulling.

People, please don't make the mistake of trusing just your FICO 8, FICO 9 score. Do you research and figure out

the actual number they are pulling. Either way, Approved for an AUDI Q8 55 Prestige with all the options.

A day or two later, I did have two hard pulls. 1 from the dealership and 1 from VW Credit. Obvisouly this will

consolidate in 45 days and should show as 1 pull but it did not change my score at all.

Biggest thing to consider here is your DTI and score factors. Anything in the 740+ tier will get you great financing.

I ended up at 2.99% for 72 months on $111,000.

Re: AUDI FINANCE

Anonymous — Thu, 24 Jun 2021 15:43:58 GMT

@Anonymous wrote:
To all,

Here are some datapoints from 2 days ago based on personal experience. I asked for "Audi Financing Services"
and was very diligent about not running a ton of inquiries. With that being said, the dealership did initally pull
under their AUDI dealership name against EQ and EX FICO AUTO 8 Score. I even went through the trouble of
showing them my current AUTO FICO 8 scores from that day so they had a great idea about their choices rather
than pulling.

People, please don't make the mistake of trusing just your FICO 8, FICO 9 score. Do you research and figure out
the actual number they are pulling. Either way, Approved for an AUDI Q8 55 Prestige with all the options.
A day or two later, I did have two hard pulls. 1 from the dealership and 1 from VW Credit. Obvisouly this will
consolidate in 45 days and should show as 1 pull but it did not change my score at all.

Biggest thing to consider here is your DTI and score factors. Anything in the 740+ tier will get you great financing.
I ended up at 2.99% for 72 months on $111,000.

Both HPs will remain on your account, it will just have the scoring impact of one HP. There is data that shows the effect of a HP for a loan does not impact your score until at least 14 days after the pull, in some cases up to 30 days after the first pull.

Re: AUDI FINANCE

WenW — Sun, 27 Jun 2021 16:31:36 GMT

@Anonymous is correct. Both pulls (Local AUDI Dealer & VW Credit) register separately in my transaction from February 2021. But it wasnt a major impact on my scores back then.

Re: AUDI FINANCE

jeepdad1970 — Wed, 11 Jan 2023 22:33:24 GMT

That's a nice car. Pretty quick?

Re: AUDI FINANCE

Remedios — Fri, 13 Jan 2023 18:39:02 GMT

@jeepdad1970 OP hasn't been back in two years.