Pros and Cons of 72-Month Audi Financing

Once you are set on buying an Audi vehicle, the next thing to think about is how you’ll pay for it. If you are planning to finance your purchase, you will have different decisions to make for your loan, including how long you will have to pay it back. One option is 72-month Audi financing, but is this a good choice? Audi Creve Coeur goes over what you need to know.

Pros of 72-Month Audi Financing

The amount you pay each month is directly tied to the length of your loan. The shorter this is, the higher your payments will be. This is why some buyers opt for a 72-month term, as the sale price gets spread out over six years. With less money having to go towards your car, you will have more to allocate to other areas.

Cons of 72-Month Audi Financing

Having six years to pay off your car gives you a lot of time, but it is important to remember that those monthly payments come with interest. This means that over the course of the loan, you will end up paying quite a bit more in total than you would with a three- or four-year term, for example. In addition, lenders often view a long-term loan as more of a risk on their end, which generally results in a higher interest rate to begin with.

Which Audi Loan Term is Right for You?

Balancing your budget, monthly goals, and loan duration can feel challenging at first. If you’re having trouble determining the best course of action to take, Audi Creve Coeur wants to help. Get in touch with our financing department for support and guidance from our experts.