This is perfect timing.
2020 has been a tough year for everyone. While auto sales are starting to recover, many people are still facing financial hardship during the pandemic, making traditional car leases and long-term finance options less viable. Safety concerns have also made more people reluctant to use public transport. In response, Audi is offering a new flexible, short term lease option called "reLease" for used models for as little as just six months.
Currently, this offer is available to qualifying Maryland and Washington D.C. customers at participating Maryland Audi dealerships, allowing for flexible access to Audi models 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 at 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."
Eligible models will include pre-owned 2018 Audi A3, A4, Q3, Q5, or Q7 vehicles based on inventory availability with lease terms ranging from six to 18 months. For example, a closed-end 18 month lease on a 2018 Audi A4 would cost $505 a month with $1,905 due at signing on approved credit through Audi reLease. The payment due at signing includes the first month's payment and a starter payment of $1,400.
Each model will be thoroughly inspected and reconditioned before being picked up. As part of the lease cost, roadside assistance and regularly scheduled maintenance is included. Roadside assistance will also be provided for covered mechanical breakdowns and standard maintenance will be covered at participating dealerships.