Even if you’ve already decided that you’re going to look for an Audi SUV for sale, you still have another decision ahead of you. Now it’s time for you to decide whether you’re going to buy or lease a luxury SUV like an Audi Q3.
Whereas selecting the Audi model you want to get is fun, choosing between purchasing and leasing can sometimes be overwhelming. Although that’s true, choosing between the two options is much easier when you know what you’ll need to do to lease a vehicle successfully.
Understand the Difference Between Leasing and Buying
To make the choice that’s truly best for you, it’s helpful to understand how an Audi Q3 lease differs from an auto loan. When you apply for a car loan, you’re basically asking a financial institution to lend you money to pay for a car that you’ll own outright once you pay off your loan. A lease is essentially a rental agreement that requires you to make monthly payments for the right to operate your leased vehicle for a set period of time. At the end of that time, you’ll return your car to the dealership.
Make a Budget
In general, leasing is a more affordable way to get behind the wheel of a premium ride like the Audi Q3. That’s because leases usually require smaller down payments and lower monthly payments. It’s still wise to prepare a budget before you start car shopping, however.
Check Your Credit Score
To lease an Audi Q3 or another Audi vehicle, you need to have decent credit. While your credit doesn’t have to be perfect, some lenders may require you to have a minimum FICO score of 700 or so to be eligible for a lease.
To apply for an Audi lease, contact our Audi finance center near Manchester, NH or make an appointment to visit Audi Nashua today!