Current Audi EV financing undercuts Tesla, but it may still be possible to get a better deal overall from the U.S. automaker, reports CarsDirect.
A recent dealer bulletin showed 0.99% financing on all 2024 Audi EVs for up to 60 months, compared to rates of 2.99% to 6.49% for most of the brand's other models. It also undercuts the 1.99% rate Tesla is currently offering on the Model 3 and Model Y, and is dramatically lower than the 5.99% rate for the Model S and Model X, according to CarsDirect.
2024 Audi e-tron GT
However, most Model 3 and Model Y variants (apart from the base rear-wheel-drive Model 3) are eligible for a $7,500 federal tax credit, while no Audi EV is eligible for the credit under current rules that went into effect at the beginning of this year. And that means one of the entry-level Tesla EVs could still be a better deal.
With the tax credit factored in, CarsDirect estimates a $680 monthly payment for a 60-month financing term on a Tesla Model Y Long Range AWD. Even with the lower interest rate, it estimates a monthly payment of about $870 for an Audi Q4 E-Tron over the same term.
2024 Audi Q8 E-Tron
The Q4 E-Tron is Audi's entry-level EV and thus the closest rival to the Model Y. It shares the MEB platform with the Volkswagen ID.4 and ID.Buzz from Audi's parent brand. Audi's EV lineup also includes the E-Tron GT and RS E-Tron GT, which share the J1 platform and its 800-volt electrical architecture with the Porsche Taycan, and Q8 E-Tron, which is based on a version of the MLB platform used by many VW Group gasoline models.
Both the Q4 E-Tron and E-Tron GT receive some updates for 2025, bringing more power and range to the Q4 E-Tron and a new RS E-Tron GT Performance grade for the flagship E-Tron GT. The existing models will soon be joined by the Q6 E-Tron crossover and A6 E-Tron hatchback, both based on the same Premium Platform Electric (PPE) as the all-electric 2025 Porsche Macan.
