If you’re currently looking to buy a prestige Audi, BMW or Mercedes, you might want to consider a few practical tips to make sure you’re purchase goes through simply, and at the best possible price.

Now, if you’re going to be paying cash to buy your Audi, BMW or Mercedes, you might want to rethink your choice, why tie up your cash when you can just finance your Audi, BMW or Mercedes with rates as low as 5%.

Worried about all the paperwork and fuss, don’t be, with my simple tips to Audi finance, I will guide you through the do’s and don’ts of applying for prestige car finance so that your application goes through quickly and with no fuss at all.

Okay so before you start, the first thing you need to evaluate is your current financial position, are you financially independent, for example do you work for yourself or are you a high net worth individual. The better your financial position, the more likely you are to secure Audi finance. In fact, there are even lenders who specialise in Audi finance for high net worth individuals and are therefore able to secure the best rates on the market exclusively for self-employed and high net worth individuals.

The second tip is to go through your finances, your income and expenditure, to decide what monthly instalments you are comfortable with paying each month. Again, you should consider that if you are stretching yourself to secure your Audi finance then you may not be able to get finance on your Audi as lenders consider you to be too risky, or they may charge you extortionate interest rates to cover the risk of lending to you.

The third tip is to establish your credit worthiness, in other words what is your credit score like and do you have any defaults, arrears, CCJ’s or prior bankruptcies. The better your credit score then the more likely you are to find Audi finance deals at the best interest rates and with the most favourable terms. As before, the reason for this is that lenders do not want to offer finance to applicants they consider to be unreliable. In some cases you may have to clear outstanding finance or loan agreements to get your Audi finance.

If you are struggling to get the best prestige car finance you can offer to put down a larger down payment on your Audi finance, this could help you get the best deal or lower your interest rate.

Unless you want to put down your hard earned cash to get your prestige car like an Audi, BMW or Mercedes, which you probably would not want to do because the cash can be better invested elsewhere, than securing an Audi finance loan will be probably be the best route for you. With the simple tips presented in this article you should now be able to find your prestige car finance with no fuss or hassle.