Can You Refinance with Audi Financial? (And What to Do Instead)

Audi vehicles have a reputation for luxury and performance, with some models lasting their owners hundreds of thousands of miles on the road. 

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If you love your Audi but not your current auto loan, you have auto refinancing options that can help you keep your vehicle for the long haul. While it’s not possible to get an Audi Financial Services refinance, you can refinance your Audi dealership loan with a different lender. 

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Learn how the Audi refinance process works, including the steps to take to change your Audi Financial Services loan to one that better meets your needs. 

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Key takeaways

• Audi Financial Services does not offer refinancing for its car loans.
• To refinance an Audi Financial auto loan, you’ll need to choose a different lender and apply for a new loan.
• Once you’re approved for the new loan, you use the loan funds to pay off and close out your Audi dealership loan.
• Make sure you have your loan payoff amount and proof of income, insurance, and residence when you’re ready to refinance.

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Can you refinance a car loan with Audi Financial?

You can't refinance an auto loan through Audi Financial Services. The loan you sign at the dealership is the loan you get.

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Audi Financial is the lending arm of this German automaker, offering convenient auto loans when you purchase a new or used Audi at the dealer. Financing an Audi through the dealer can help you save time when it’s time to purchase. You may also be able to take advantage of special promotions that are only available with Audi financing. 

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However, while Audi Financial Services lets you finance and purchase a car at the same place, it doesn’t offer refinancing services. For that, you’ll need to explore other options.

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Can you refinance an Audi loan with another lender?

While you can’t refinance with Audi, you can still refinance an Audi loan with a different lender. In fact, you may be able to find a loan offer with a lower interest rate, more manageable monthly payment, or better loan terms when you switch. 

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Refinancing an Audi with another lender means finding a new auto loan that better suits your needs. When you find an offer you like better, you can replace your existing Audi Financial loan with a brand-new loan from a different lender. It’s a common way to save money on interest or free up some cash with a lower monthly payment.

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Comparison shopping is an important part of refinancing your Audi loan. It ensures that you get exactly the loan and monthly payment you want. Since rates and terms vary from lender to lender, shopping around is the best way to make sure you’ve found the right fit.

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Reasons for Audi refinancing

Plenty of people who financed their Audi at the dealership decide to refinance later. There are many reasons you might want to pursue an Audi Financial refinance, whether your goal is to reduce interest costs, change your payment, or simply switch lenders. Some common reasons for refinancing include:

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• Change in financial situation: If you’ve changed jobs or find yourself with some unexpected bills, refinancing can help free up some cash with a more affordable payment.
• Decrease interest costs: Reduce your interest rate or decrease the overall amount of interest you pay.
• Lower your monthly payments: Lower rates, longer terms, or a combination of both can lower your monthly payment. Keep in mind that extending your loan term could increase your overall interest costs.
• Add (or remove) a co-borrower: Adding a cosigner to your loan may help you qualify for better rates, especially if your cosigner has great credit. If you’re ready to remove a cosigner and take over all the loan payments yourself, refinancing is the way to do it.
• Switch to a different lender: Sometimes you simply prefer a different lender, like your hometown credit union. Refinancing lets you move your loan account elsewhere.

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How to refinance your Audi Financial loan

Ready to refinance? Before you begin, you’ll need to gather up some important information and documents you’ll need during the refinance process:

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• Current loan details: Know your current interest rate, monthly payment amount, and months remaining on the loan so you can compare loan offers later.
• Loan payoff amount: This figure helps you determine how much you’ll need to borrow.
• Proof of income: Recent pay stubs, W2s, or tax returns show lenders how much money you bring in each month.
• Proof of insurance: You’ll need to show your insurance ID card to prove you have current coverage.
• Proof of residence: A utility bill, mortgage statement, or a copy of your lease should work.
• Driver’s license: Lenders require proof of identity.
• Vehicle info: You’ll need to provide the vehicle identification number (VIN), an odometer reading, current registration, and sometimes the title, too (depending on state).

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With this information close at hand, follow the steps below to refinance your Audi Financial auto loan.

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1. Check your credit report

Lenders use your credit score to help determine what interest rate to give you. Make sure your credit report is error-free before you shop around. 

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2. Shop for loan offers

Compare at least three different Audi refinance loan offers to find the best deal. Keep your loan shopping to a 14-day window to minimize the impact on your credit score.

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3. Apply for a refinance

When you’ve selected a loan offer that suits your needs, fill out a formal loan application and upload the required documents. The lender will verify your information and determine approval.

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4. Finalize your new loan

When your loan application is approved, sign the new loan documents and make sure your Audi Financial Services loan is paid off and closed. Then, just make payments to your new lender.

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How RefiJet helps you save

Refinancing your Audi loan can help make your payments fit better into your lifestyle. Whether you’ve changed your mind about the interest rate, want to lower your monthly payment, or are simply looking for alternatives to your Audi Financial Services loan, refinancing with a new lender could help you save.

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Get an estimate of your potential savings using our simple auto refinancing calculator. Enter some details about your current loan, such as your current interest rate and remaining loan term, to see what your potential new payment could be. Then, use RefiJet’s personalized refinancing recommendations to help you narrow down your options and find the best fit for your needs. 

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FAQs

Below are some of the most frequently asked questions about refinancing an Audi Financial Services auto loan.

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Does Audi Financial refinance?

No, Audi Financial does not refinance. You’ll have to take your Audi dealership loan to another lender if you want to refinance.

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Can I refinance my Audi Financial loan with another lender?

Yes, you can. Choosing a different lender is the best way to move forward with an Audi Financial refinance to 

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Is refinancing with Audi Financial the same as changing my payment terms?

Since you cannot refinance with Audi Financial, you’ll need to choose a different lender if you want to change your payment terms. Refinancing with another lender will require you to choose a loan with a new interest rate, loan length, or monthly payment amount.

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Will refinancing affect my GAP coverage or warranty?

It’s possible that your GAP coverage could be affected by refinancing. Fortunately, you can choose to add GAP coverage when you refinance with RefiJet. A manufacturer’s warranty should not be affected by refinancing.

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What documents do I need to refinance an Audi Financial loan?

To refinance an Audi Financial auto loan, you’ll need your current loan account number, driver’s license, proof of insurance, vehicle registration, proof of residence (like a utility bill), and pay stubs or tax returns to prove your income.

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