HERNDON, Va., Nov. 23, 2020 – Today, Audi Financial Services with Audi of America announced the launch of Audi reLease, a flexible, short-term used vehicle lease offering. Audi reLease offers customers access to convenient, flexible used car leasing options, fixed, transparent pricing, and an end-to-end digital customer experience. Audi reLease vehicle offers will be available to Maryland and Washington D.C. residents who qualify with pickup at participating Maryland Audi dealerships. This offering is a testament to Audi Financial Services’ focus on meeting customer needs with innovative products.
Audi reLease is a customer-first solution designed to help meet the growing market interest in short-term leases. As a result of the COVID-19 pandemic, consumers remain hesitant about the safety of public transportation and cautious about new long-term financial commitments. Audi reLease was designed to offer short-term used vehicle leases that directly address these concerns by providing new Audi drivers with flexible access points into the brand without the commitment of a longer-term contract.
“We have heard loud and clear from consumers that there is a gap in the car ownership and usage landscape. Whether it’s because of concerns stemming from COVID-19, the cultural shift toward changing jobs and geographic locations more frequently, or other life changes, traditional lease and finance terms aren’t meeting the need for flexible access to vehicles,” said Anthony Bandmann, president and CEO, Audi Financial Services. “We are excited to be at the forefront of the industry and provide consumers a cost-efficient way to select the luxury vehicle they want and drive it without having to make a long term commitment.”
“This new offering is part of Audi of America’s continued efforts to help put the customer at the center of how we do business,” said Daniel Weissland, president, Audi of America. “The global pandemic has transformed how our new and existing customers travel and this program offers them a new way to access premium mobility.”
The Audi reLease portfolio is set to include pre-owned 2018 Audi A3, A4, Q3, Q5, or Q7 vehicles based on inventory availability for lease terms ranging from 6-18 months. Each vehicle will undergo a thorough inspection and reconditioning process by participating authorized Audi dealership before it is picked up to help ensure the high standards expected of an Audi. The cost of a lease will also include roadside assistance and regularly scheduled maintenance. Roadside assistance will be provided for covered mechanical breakdowns through the Audi reLease program. Standard maintenance will be covered at participating dealerships. Customers can view program details, available vehicles, and fixed, transparent pricing at AudireLease.com or within the Audi reLease mobile app on iOS and Android.
*For illustrative purposes, a closed-end 18 month lease on a 2018 Audi A4 would be $505 a month with $1,905 due at signing on approved credit through Audi release. The amount due at signing includes the first month’s payment a starter payment of $1,400. No security deposit is required. This offer may change at any time.
This new offering will launch at three participating Maryland Audi dealerships on November 23rd .
Current locations include:
For more information, visit AudireLease.com.
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ABOUT AUDI OF AMERICA
Audi of America, Inc. and its U.S. dealers offer a full line of German-engineered luxury vehicles. AUDI AG is among the most successful luxury automotive brands, delivering about 1.845 million vehicles globally in 2019. In the U.S., Audi of America sold just over 224,000 vehicles in 2019 and launched the brand’s first fully electric vehicle, the Audi e-tron – one of four fully electric models coming to the U.S. market in the next two years. Globally, the brand aims to be CO2 neutral by 2050. Visit audiusa.com or media.audiusa.com for more information regarding Audi vehicles and business topics.
ABOUT AUDI FINANCIAL SERVICES/VW CREDIT, INC.
VW Credit, Inc. (VCI), was founded in 1981 to function as the captive financial services arm of Volkswagen Group of America, Inc. and is affiliated with Volkswagen of America, Inc., Audi of America, Inc. and Ducati North America, Inc. VCI services Volkswagen, Audi, and Ducati customers, authorized automotive/motorcycle dealers and their affiliated stores as Volkswagen Credit, Audi Financial Services, and Ducati Financial Services. The company provides competitive financial products and services to dealers and their customers in the United States. VCI established VWFS Protection Services, Inc. (VWFS PS) in 2015 to develop, underwrite, market, and distribute vehicle protection products for Volkswagen, Audi, and Ducati. The company is headquartered in Herndon, VA. It maintains operational and customer service centers in Libertyville, IL, Hillsboro, OR, and Auburn Hills, MI. The Libertyville Service Center also houses the North American Region data center and information technology function.
Roadside Assistance provided by an authorized third party.
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