College Graduate Program

Audi Financial Services (AFS) is pleased to announce enhancements to the College Graduate Program.

1. Dealer participation is now available when using the College Graduate Plan.
2. Maximum Customer Rates :
   
   • Retail/Premier Purchase: The maximum customer rate is 1.00% above published buy rate.
     
   • Lease: The maximum customer rent charge factor is 0.00040 over the published rent charge factor.
   • No flats are paid on leases.

Eligible Vehicles:

• New and Untitled Audi models (Lease, Retail & Premier Purchase)
• Audi Certified Pre-Owned vehicles (Retail only)
• Audi Pre-Owned vehicles (Retail only)

Rates and Terms:

Please refer to the current AFS Special Programs (MY14 and MY1S) Bulletin(s) for rates and residuals. Customers approved under the College Graduate Program qualify at the A or B Tier. If there are other special programs in place at the time of contracting, the customer will qualify for those programs as well.

• Retail: 12- 72 months (up to 48 months on Premier Purchase)
• Lease: 12 - 48 months

Credit Application Process:

• Dealer submits credit application with special handling code College Grad Program.
• Any red flag failures must be cleared prior to approval.
• All original A and B credit tiers will be eligible for auto approval at A tier rates and advance.
• All original C and D credit tiers will qualify for A tier, but will be decisioned by a Credit Analyst for College Grad Program qualifications, including no derogatory credit.

Requirements:

• Must be within six months of graduation or have graduated no more than 24 months prior to the date of his/her credit application, from a 2- or 4-year accredited U.S. or Canadian college or university with one of the following degrees: Associate's, Bachelor's, Master's, Doctoral, or Nursing degree (RN or LPN)
• No credit history required; any established history, must be in good standing with no previous derogatory credit.
• Monthly payment cannot exceed 25% of gross monthly income.
  

Documentation due at the time of Funding:

• Copy of proof of income & full time (permanent) employment
  Applicant must provide a contact name and phone number for a contact in the Payroll or Human Resources Department of the applicant's employer to allow for direct verification. If applicant is still enrolled, provide documentation to allow for verifiable commitment of f ull time (permanent) employment from future employer.
• Copy of degree or transcript & contact information for college or university
  Applicant must provide school name, address, and registrar's phone number to allow for direct verification of enrollment or graduation.
• References
  Two references that reside in the US, including the address and the phone number that AFS can contact directly, and one must be a relative.
• Copy of complete & signed credit application
  This should assist AFS during the verification as it is authorization from the customer allowing the release of information to AFS regarding the financial request.