For a first-time leaser, your auto lease might seem complicated. The team at Audi Nashua ensures that you understand the terms of your Audi lease and everything included. Before you go in for financing, here are the essential Audi lease terms you need to know.
Monthly Payment
Your monthly lease payment will depend on several factors, including APR, trade-in value, and principal. Regardless, you should always know what you’ll expect to pay each month.
Mileage Allowance
With an auto lease, you can only drive so many miles each month. Every lease will have its mileage restrictions listed in the lease terms, so you’ll be aware of how far you can drive.
Excess Mileage Charge
If you do exceed your monthly mileage, you’ll be charged for each mile you go over. It helps to know your fee if you’re going over your maximum mileage.
GAP Coverage
Guaranteed Auto Protection (GAP) coverage protects you financially if your car is destroyed or stolen. Make sure you understand the limits of this coverage in your lease.
Early Termination Fees
In some situations, you may need to end the Audi lease early. In this case, you’ll be subject to early termination fees. Again, this will be outlined in your lease.
Buyout Price
If you want to keep your Audi car at the end of your lease, you might be able to buy it out. Audi Nashua will include a buyout price should you decide to buy the car from us.
Finding the Best Audi Lease in Nashua, NH
Are you looking to get started on an Audi lease deal? The Audi Nashua finance team can help you find the best deal on a new or certified pre-owned Audi vehicle. Contact us today!
