Choosing whether to lease or buy your next Audi can be a difficult decision. Both scenarios have important factors to take into consideration such as monthly payments, impact of your trade-in, and what your daily commute looks like. Understanding the advantages of both methods will help you decide which is best for you. Santa Monica Audi has assembled this helpful list of the benefits of both buying and leasing an Audi.
Purchasing an Audi gives you the freedom to to drive as many miles as you would like without worrying about mile overage fees. You're also free to modify or customize your vehicle with aftermarket parts and accessories to create your own unique look.
Once you've paid off your vehicle, your trade-in value could potentially give you an equity position while purchasing your next Audi.
Santa Monica Audi has loans available for up to 84 months, giving you additional options to get a new Audi regardless of your budget.
In addition to flexible loan terms, we offer new vehicle financing rates as low as 0% APR with qualifying credit on your next Audi vehicle.
By leasing you're driving a vehicle for a specific time period, within a fixed mileage amount, and you're only paying for the vehicle's depreciation. Because the value is measured by the vehicle's market value over time and not tied to the full purchase price of your new Audi, your monthly payments can potentially be significantly lower when compared to purchasing.
In most cases, your car is typically covered by the factory warranty for the duration of the lease, allowing you to rest easy and not worry about repair costs.
Once your lease reaches its end, you won't have to worry about your car's current value or how it will affect the purchase of a new one.
Should you wants or needs change, you'll have the ability to choose a different Audi model every 2-4 years (depending on the duration of your lease).
If your lease is coming to an end and you have grown to love driving your Audi, you can absolutely buy the vehicle. Your lease contract will detail the price at which you can purchase your vehicle upon the lease ending.
Many drivers regard their Audi as a reflection of their own personality. With a leased vehicle, there are restrictions against many types of permanent or irreversible modifications as defined in the lease contract.
Shortly after the model year is introduced is often a great time to lease. This is because the residual value will be at its highest, meaning there's a good chance you will save money on the depreciation cost. A Santa Monica Audi Sales Representative can provide you with the most current information on available lease incentives and specials identifying what is best for your situation.
It is important to remember that the majority of lease contracts have a specified mileage limit. This limit can be increased or decreased in the contract in order to accommodate your driving needs. However, if you typically put high mileage on your vehicles, purchasing the vehicle often makes the most financial sense.
An excellent benefit to leasing an Audi is that you'll always be driving a vehicle with the most cutting-edge technology available.
Having a down payment will contribute to keeping your monthly payment costs low and help pay off your vehicle more quickly. In this case, having a down payment on a purchase will likely bring your monthly payments to a level similar to that of a lease.
In order to lease a car, you have to be at least 18 years of age.
It's great to have options and the team at Santa Monica Audi is experienced and trained to help you in making the decision that is best for your individual situation.
