source: Audi of America
- Audi reLease addresses increasing customer demand for more flexible, shorter term access to premium mobility without the commitment of a traditional lease term
- Program offers lease terms on pre-owned vehicles ranging from 6 to 18 months*, enabled via a new digital platform from Audi Financial Services
- reLease launching at three participating Maryland Audi dealerships
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:
- Audi Bethesda
- Audi Frederick
- Audi Rockville