Besides the choice of which Audi vehicle to purchase, one of the biggest decisions that drivers have to make is whether they should buy or lease a new Audi car. Like many questions, there is no definitive correct answer, as the buying versus leasing decision largely falls on the needs of the individual driver. Here at our Audi finance center, our team of friendly finance representatives is happy to help guide you in the right direction.
Buying a Car
Often the first choice for drivers is buying a new Audi car. When you buy a car, you own it and get to keep it as long as you want. Upfront costs for buying include a cash price or a down payment, plus taxes, registration, and other fees. Compared to leasing, monthly payments are typically higher because you’re paying off the entire purchase price of the vehicle, plus interest and other finance charges. While the vehicle will depreciate, you’re free to use its cash value as you like.
Leasing a Car
Loosely speaking, you can think of leasing a car as being similar to a long-term rental. You do not own the vehicle, but you get to use it for a specified period of time, typically three years. At the end of the lease, you must return the car, unless you decide to purchase it outright. Leasing is a great choice for people looking to drive the latest Audi vehicles, because every three years, they can lease a brand new car. Additionally, monthly payments are typically lower than with buying.
Whether you want to buy or lease a new Audi car, you can do so at Audi Nashua.