Ask Audi: What's Better? Car Leasing or Buying?

So, you've done your homework and have chosen one of our amazing Audi vehicles as your next new car. Before you sign that financing paperwork, there's one more question you may want to consider. For many of our customers, leasing your new Audi can be more beneficial than buying. Of course, this depends on several factors that are unique to every customer. In reality, the benefits of leasing or buying your next Audi depends on your individual driving needs.

For example:

Up-FrontDown payment is typically less with leasing than buying.Down payment can be rolled into the total cost or used to significantly reduce your monthly payment.
OwnershipWhile you don't own it, you can easily upgrade to the newest model when the lease is over.You own it. If financed, when loan is paid off it is yours. Yes!
Monthly PaymentLease payments are generally smaller than auto financing with a loan. This is because you are only paying for vehicle depreciation and 'rent' fees during term of the lease.Loan payments are generally higher than leasing. This is because you are paying off the full price of the vehicle.
MileageMileage limits. Your lease includes a standard amount of miles related to vehicle depreciation. Fees are incurred for extra miles accrued.Repair costs. As the vehicle owner, unless you opted in for a service package at time of purchase, you are responsible for maintenance, service & repair of your new vehicle.
RepairWarranty Maintenance. Most auto lease packages come with a warranty, this covers most maintenance and repair costs.Repair costs. As the vehicle owner, unless you opted in for a service package at time of purchase, you are responsible for maintenance, service & repair of your new vehicle.
ContractContract. Yes, a lease is a contract. Expect early termination costs and fees. Also, vehicle customization is not allowed.No Contract. Sell when you want. Customize to your hearts content.

These are just a few of the difference between leasing and buying your next Audi. As you can see, not all drivers benefit from a lease. If you aren't interested in replacing your vehicle every few years or if your annual mileage usage is greater than 12 to 15 thousand miles, leasing probably won't be the best deal for you.

However, if you like lower monthly payments, a new car every few years, and zero hassles when replacing your vehicle, then leasing your new Audi may be the perfect deal you're looking for. Of course, while the leasing experts at Audi of El Paso are ready to answer all of your questions, we'll cover a few of the questions you'll need to consider when choosing between financing or leasing your new car from Audi of El Paso.

How often do you replace your vehicle?

  • If you hold onto your car for five years or more you'll probably want to finance
  • If you change vehicles every three to five years, leasing may be the best option

How many miles a year do you usually rack up?

  • If your annual mileage is typically under 15,000 miles, you may want to consider leasing your new Audi
  • If you take a lot of road trips or put more than 25 to 30 thousand miles per year on your car then buying makes a lot more sense.

What do you do with your current vehicle when it's time for a new car?

  • If you enjoy the process of selling or trading in your old car then buying is the way to go
  • If you keep your cars after you've paid them off you're a perfect financing candidate
  • If the thought of selling, trading in, or holding onto your old car fills you with dread then leasing could save you a lot more than just money.

How do you feel about customizing your vehicle?

  • If you love to personalize your car with bumper stickers, custom paint jobs, and interior artwork then leasing is definitely not for you
  • If you don't need to decorate your vehicle then you might consider our leasing options.

How about maintaining and servicing your vehicle?

  • If you're someone who likes to service and repair your own vehicle at your expense then you'll need to finance your next Audi.
  • If you have no interest in servicing, repairing, or paying for most maintenance costs yourself, then leasing is right up your alley.

Should I Buy or Lease a Car at Audi El Paso? | Audi Leasing vs Buying


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