Audi is a luxury German car brand and member of the Volkswagen group. It was established by August Horch in 1899. “Audi” is Latin for “listen”, for which the German is “horch”.
Audi designs, engineers, produces, markets and distributes its luxury cars on a global scale. Their Australian headquarters are located in Sydney.
Audi is one of the most successful luxury car brands in the world, alongside BMW and Mercedes-Benz. They sold approximately 1.9 million cars worldwide in 2017.
About Audi cars
Audi offers a wide range of exclusive luxury cars, from compact, mid-size and full-size to racecars, concept cars, utes and roadsters:
- A7 Sportback 2.0 TFSI quattro ($116,768.69): 4-cylinder petrol engine with direct fuel injection, turbo-charging and Audi valvelift system
- A1 Sportback 1.0 TFSI manual ($27,600): 3 turbo-charged petrol engines with low fuel consumption and electromechanical steering
- A6 Sedan 1.8 TFSI S tronic ($80,429.07): 3.0 TDI bi-turbo quattro with 235 kW of power and 650 Nm of torque
- Q2 35 TFSI S tronic design ($41,950): a compact SUV with autonomous emergency braking, driver assistance, smartphone interface, MMI navigation and Audi connect
- TT roadster 2.0 TFSI Quattro S tronic sport ($82,548): a convertible all-wheel drive sports car with turbocharged engine and 4 pre-set driving characteristics (dynamic, comfort, auto and efficiency)
Audi is a luxury car brand, which means that its prices are at the higher end of the market. Although some models could be classed as affordable, generally Audi vehicles are price from mid-range to exclusive.
Audi has 1.1 per cent of the current market share in Australia, while its competitors BMW and Mercedes-Benz hold 1.8 per cent and 3.4 per cent, respectively.
Despite falling behind its competitors in Australia, the buying power of Audi’s parent company, Volkswagen, can give Audi a global advantage over other car brands.
Audi has dealerships located in New South Wales, Victoria, Queensland, Western Australia, South Australia, Tasmania and the Northern Territory. Audi generally targets upper-class individuals for whom their luxury cars are affordable, and enthusiastic young drivers looking for a “safer, more enjoyable driving experience”.
How can I get an Audi car loan?
Getting an Audi car loan is straightforward. Like most car brands, Audi offers in-house financing options that can be organised at the time of the car purchase.
However, Audi car finance, though convenient for the buyer, may have higher interest rates and fees than other lenders on the market.
It is always worth shopping around before settling on an Audi car financing option:
Remember that loan rejections can negatively affect your credit score, so always make sure you meet the application criteria before submitting a loan application.
Car loans are often secured loans; this means that defaulting on your loan repayments could result in the lender seizing your car as payment.
How much does a Audi car loan cost?
Here are the approximate running costs for three different Audi models, based on RACQ category averages:
|Model||Category||Cents/km||Average $ per week|
|A1||7sp DSG 5dr Hatch||61.01||$175.98|
|A3||7sp DSG 5dr Hatch||76.35||$220.23|
|Q3||Turbo 6sp Auto 4dr Wagon||83.21||$240.03|
Here’s how much a five-year loan will cost for three different Audi models if you borrow 100 per cent of the purchase price over five years:
|Model||Price/loan||Total repayments at 6%||Total repayments at 8%||Total repayments at 10%|