New Zealand is planning to start offering leased vehicles in a bid to reduce car prices in the wake of the global financial crisis.
The country’s Minister for Transport, Mark Butler, said the program, called Audi-NZ, would begin in April.
The Audi brand, which has struggled to find a buyer for its cars, has been struggling to make money in the US as sales in the country have fallen.
The program will allow customers to lease a car and get an equal share of the revenue from the sale, but with a “zero interest rate”.
The carmaker has said it expects the program to cost $1 million per car, which will cover the cost of leasing the vehicle, plus the rental fee.
The Government is looking to make the program “more affordable” for consumers.
The first Audi-owned vehicle, a 2012 Q7 sedan, sold in New Zealand for $9,500 ($US12,400) on February 24.
The price of the new Q5 sedan is expected to be lower, at $13,500.