Audi Car Payment Relief

Lenders and Auto Loan Relief Programs

Many automotive lenders are responding to their customers' needs for loan relief related to the COVID-19 pandemic. The pandemic has had a significant effect on many aspects of life, and this extends to their financial situation. If you are unable to make your Audi auto loan or lease payment at this time because of the COVID-19 pandemic, Audi Financial Services may offer the relief that you need.

Audi Financial Services

Some auto lenders today have a predetermined loan relief plan, such as a deferment available for a specific number of months. Audi Financial Services takes a different approach. It can offer relief upon request, and it will structure that relief based on each customer's unique needs. This could include a deferment, a change in the payment due date, and other solutions. You will need to contact Audi Financial Services directly to determine which options are available to you.

End of Lease Options

In a normal situation, Audi drivers have a few options available at the end of their auto lease. For example, you may plan to surrender the Audi, to trade up to a newer model or to purchase your Audi by paying off the residual balance. Because of the financial strain caused by the pandemic, these options may no longer be feasible for you. As is the case with Audi car loans, you may request relief for your auto lease. For example, you may request a lease extension or deferment. These requests will be reviewed individually.

Loan Deferment FAQs

What is an Audi Loan Deferment?

A deferment of your Audi loan or lease payments may be genuinely beneficial in your current situation. In both cases, the financing period or term is extended by a stated length of time. You will be granted a payment waiver for that term extension. For example, if your account is approved for a 2-month deferment, you can skip the next two months of payments without penalty. Your loan’s or lease’s termination date will be pushed back by two months, and you will make up the two skipped payments at the end of the term.

Will an Audi Loan Deferment Damage My Credit Rating?

If Audi approves your request for a short-term loan or lease deferment, your credit scores will not be affected by skipped payments within the deferment period. If Audi authorizes other types of loan or lease relief, you should inquire specifically about how that account activity will be reported to the credit bureaus.

How Do I Request an Audi Loan Deferment?

After you sign in to your online account with Audi Financial Services, you can review the relief options available for your account. You will also be able to choose between the options and set up the relief through your online account. If you require personalized assistance or if you have other needs for debt relief, you can contact the lender via its customer service phone number.