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Audi Bridgewater

701 US Highway 202/206
Directions Bridgewater, NJ 08807

  • Sales: 908-800-9000
  • Service: 908-800-9000
  • Parts: 908-800-9000

When you need a new car, you have two different options - you can buy it or lease it. Both options have different pros and cons; either one could be good for you. Here we'll look at both options. After looking at both, you might consider one of our Audi lease deals if you decide to lease a vehicle instead of buying.

Buying a Car

  • You own the car and get to keep it as long as you want.
  • You'll have to pay the cash price or put down a down payment plus pay for the taxes, registering the vehicle, and other fees.
  • Loan payments cost more because you're paying off what it costs to purchase the vehicle, plus additional charges.
  • If you decide to return the vehicle, you have to put it up for sale or trade for another car.
  • The value of the car goes down over time.
  • You can drive as many miles as you want. Remember if you drive it a lot, it will lower the resale value.
  • Once you've paid off the loan, you will have to build equity in the car to help pay for your next vehicle.
  • You can customize it any way you want to, but certain customizations may void your warranty.

How can I maintain equity in the car once I've paid it off?

There are a few ways to maintain equity in a car:

  • Perform regular maintenance - Follow the manufacturer's recommended guidelines for how often to service the vehicle. Make sure to change fluids, replace filters and maintain good tire pressure regularly.
  • Keep service records - Keep records of the services performed. This shows a prospective buyer how well the car was maintained. It's best to go to a dealership for servicing because most of them keep records of the services done to the vehicle.
  • Appearance is important - The way your car looks can add value if you take care of it well.
  • Avoid putting too many miles on the car - Driving it a lot can also impact its value. The less you drive it during the time you own it, the more equity you'll maintain in it.

Leasing a Car

  • The car isn't yours forever. You have to return it at the end of the lease period unless you purchase it.
  • Upfront costs include the first payment, a security deposit, an acquisition fee, a down payment, taxes, and registration.
  • You'll pay lower payments because you're only responsible for the depreciation during the lease term, as well as some additional fees.
  • When the lease is over, bring the car back, pay the costs to end the lease, and you're done.
  • The future value of the car doesn't have an effect on your finances, but you don't have any equity in it.
  • You can only drive a certain number of miles per year.
  • Most leases hold the lessee responsible for wear and tear. If there's too much put on it, you'll have to pay extra.
  • At the end of the lease term, you can finance the purchase of the car, buy or lease another.
  • You'll have to remove customizations or modifications. If there's any damage, you'll have to have it fixed or file an insurance claim and pay the deductible.

What's considered normal wear and tear for a leased vehicle?

Normal wear and tear include replacing small items like tires, light bulbs, and brakes. Small damages to the vehicle, defined as those that are less than half an inch, are also considered normal wear and tear. These may vary depending on the manufacturer; if you're looking at an Audi lease deal, we can give you more information on what we consider normal wear and tear.

These are the things you should consider when looking at an Audi lease deal. To decide which is best for you, consider your goals, the amount of money you're willing to spend, and your driving habits. If you drive very little and don't have much to spend on a loan payment, an Audi lease deal could be a good option for you.