Audi Financing Options: Car Loan versus Car Lease




 

When it comes to financing your next Audi, you want to be able to choose a financing option that works for your budget. What your choices boil down to is choosing between a loan and a lease, but how do you choose between them? At Audi Bridgewater, we want you to have the information and resources that you need to make an informed decision.

Let's run through the benefits of both leases and loans so that you can have a better sense of what option would be best for you.

 

Auto Leasing

If you want to save on monthly payments, enjoy the latest features that Audi has to offer, and have a new level of convenience, then leasing might be right for you. Leasing also doesn't often have the same need for paying as much money up front. Some leases don't require you to pay a down payment at all, meaning you can get behind the wheel of a new Audi without a large investment.

Since you aren't working towards ownership with a lease, the depreciation of the vehicle is the main cost. This makes it so that your monthly payments are likely to be significantly lower than if choose to buy, allowing you to more easily afford cutting-edge features or a higher trim level. When your lease is up, you don’t need to haggle for a fair price. You can just drop it off, pay any final fees, and be on your way.

Car Loans

Taking out a car loan works for those that want to benefit from ownership. Ownership opens some doors that leasing does not. It may seem obvious, but not having to pay monthly installments after the loan is paid off is a big benefit, allowing you to avoid monthly payments altogether for potentially years.

Another benefit is that you can sell your vehicle and save a decent amount of money when putting it towards your next vehicle.

 

As you can see, there are advantages to both options, and a lot of it comes down to preference. If you want help deciding between the two options, then speak with our finance team to learn more about the intricacies of each and which one might be right for you!

Categories: Finance
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