Here at Audi Fairfield, one of the most common questions we get pertains to whether someone should lease a vehicle or purchase the Audi model you are interested in. What are the differences between these two financing options? Which is a better option for your budget and your lifestyle?

The Benefits of Buying

The main benefit to buying a vehicle is that it is yours – you own it. As such, once you finish paying off your automotive loan you will officially have complete ownership of the vehicle. Additionally, owning a vehicle means you don’t have to worry about maintaining specific condition requirements or to abide by mileage parameters.

However, buying a car is generally more expensive. The recommended down payment tends to be higher, as does the down payment.

The Benefits of Leasing

For those who are looking for a more affordable investment option, leasing is a great alternative. Its monthly payments are fixed and are more affordable. Additionally, because of how accessible this payment structure is, you can choose more modern vehicles and more recent model years.

However, leasing a vehicle requires you to abide by mileage parameters. If you drive in the city, this won’t be a problem. If you often drive long distances though, leasing may not be a great option.

Ready for a Test Drive?

If you would like to learn more about our selection of vehicles, or if you have any questions about financing a vehicle, please feel free to stop by our dealership today! Our team would be proud to help you schedule a test drive with your preferred automotive option.

We look forward to assisting you!

Categories: Finance