Audi Lease Deals on Cars
If you’re in the market for a new luxury car, chances are that an Audi has crossed your mind at least once. This well-known German automaker has established a reputation of making some of the finest vehicles on the road. What most people looking into Audis overlook, however, is the advantage of leasing over buying one. For most drivers, it will make more sense to lease an Audi than to purchase one outright. Here’s what you need to know about leasing an Audi and how it compares to buying one.
For those who are unfamiliar with the specifics of leasing, a lease agreement is effectively a long-term agreement wherein a driver pays a monthly lease fee for full-time use of a car. Unlike purchasing a vehicle, a lease doesn’t actually transfer ownership of the car. When the lease runs out, the driver can simply return the car to the leasing company, though in most cases there is an option to buy that the buyer can exercise. Like a purchase agreement, leases have a monthly payment that must be made.
Leases will, however, come with a monthly mileage allotment. In other words, a certain number of miles may be driven per month under the standard terms of the lease agreement. If you need to make a longer trip, though, it will simply require you paying a small fee for the extra mileage. For the majority of drivers who drive their cars only in their local areas, this mileage limit won’t be a problem. However, if you often make long business trips, you should factor this fee into the overall cost of your lease when comparing your options.
Why is Leasing an Audi Better Than Buying?
When it comes to buying a luxury car like an Audi, there are many advantages to leasing over buying. One of the main reasons that a lease agreement is better than buying is the fact that it comes with lower up-front fees when compared to the large down payment needed to purchase a high-value vehicle. These cost savings also extend to the monthly lease payments, which will add up to less than the cost of purchasing an Audi outright. Since ownership of the vehicle is never transferred, you also save yourself the inherent cost of owning a depreciating asset.
Another major advantage of leasing for Audis is the fact that the cost of maintenance will fall on the warranty or the leasing company, rather than the owner. Though Audis are extremely good cars, they need maintenance and repair just like any other. Unfortunately, since they are European and have fewer service centers in the United States than most domestic brands, the cost of repairs can be on the high side. Having this cost taken care of under the terms of the lease can save drivers a great deal of money. By comparison, once a car reaches the end of its warranty after being purchased, the owner is fully responsible for any maintenance costs that may accrue. Over the lifetime of a car, these costs can add up to a very substantial sum of money.
Finally, leasing an Audi offers a considerable advantage when it comes time to get rid of the car. Under a lease, the driver simply has to return the car to the leasing company. When you purchase a car, however, you take on the problems that come with eventually selling it. For standard vehicles, this process isn’t too bad, as there’s usually a reasonable demand for them in the secondary marketplace. For luxury or high-performance vehicles, however, the story is slightly different. Buyers for these cars are hard to find, and the vehicles themselves can depreciate substantially over time. The simplicity of the lease return allows drivers to skip past all of these headaches.
For all of these reasons and more, leasing an Audi will be a better option than buying one for the majority of drivers. By offering both lower costs and greater convenience, leases allow drivers access to great cars, like the various Audi models, in a way that best suits them. If you’ve had your eye on a new Audi, consider looking into a lease
Are you unsure about leasing a vehicle that you’ll never own? You’re paying so much money for something each month, and the idea of never owning it seems expensive and wasteful. It’s an understandable opinion to have, but it’s not entirely accurate for many consumers. Before you make a decision to buy rather than lease an Audi, ask yourself a series of questions.
– How long do you keep your cars when you buy them?
– How many times have you traded in a car you owe money on for less than what you owe?
– How many times have you put yourself in a financial situation you weren’t entirely comfortable with to buy a new car?
– Are you really driving the kind of car you want to drive?
There is a point to these questions. If your answers above indicate you don’t keep your cars long enough to pay them off and own them outright, you’re wasting a lot of money on the buying process. It’s long and arduous, and you’re paying too much money for your vehicles if you’re not leasing. When you buy, you pay the full price of the car. This means your car is automatically worth much less than you owe on it when you drive it off the dealer’s lot. It’s difficult to get out from under this financial strain since cars depreciate quickly.
Let’s say your current car is three-years-old. Your warranties are expiring soon, you’re reading for something a little different and newer, and you still have another three years of payments to make. You go to trade it in only to find out you owe $20,000 on your loan and your car is only worth $15,000 for a trade. You now have to pay of the additional $5,000 on your own, or you let the dealer pay it off and add that $5k to price of your new car. Now your new car has a much higher monthly payment, and it’s no longer within your budget.
You can walk away with your old car, or you can take the higher payment and hurt a little more each month as your financial situation becomes worth. If you want to avoid this situation, you could simply lease your next Audi car. The benefits are stellar.
No Trade-In Hassles
When yourAudi car lease is up, you turn the car without any hassle. Unless you exceed your miles or cause a lot of wear and tear to the vehicle, you owe nothing when you return the car. The payments are done, and you are not financially obligated to this vehicle anymore. You get to walk the lot, choose a new car, sign the paperwork, and walk out with your new car and a new Audi lease deal agreement without making any down payments, without taking on huge monthly payments, and without doing any negotiating.
It’s Affordable Compared to Buying
Leasing a car is cheap because you only pay the depreciation portion of the vehicle. It’s so much less expensive than paying for the entire vehicle, and you get to make much smaller monthly payments. This means you can afford to buy a much more expensive car. Who knew you could drive away in a luxury SUV for the same monthly payment you’d be making if you bought a new Kia?
Another aspect of affordability is the warranty portion of your new Audi car lease. You won’t run out of warranty because the car isn’t yours long enough for it to expire. New cars tend to run well for many years before issues begin to arise as pieces and parts get older, so it’s unlikely you’ll have any issues with it anyway. On the off chance that you do, you’re not responsible for making the payment on any repairs when your warranty covers it.
You Aren’t Stuck With A Car You Don’t Care For
The other great thing about leasing is you’re not stuck with a car you don’t like. By the time you are ready to get rid of it, your Audi lease is up or close to it. This means going in ahead of time to choose the car you want when your lease is up, and it means making the process that much faster and simpler. You always have the car you want sitting in your garage.
If you’ve not realize the benefits of leasing a new vehicle, now is your chance to make the better financial decision. The financing process if very much like that of the buying process, but you get to bring the car back when it’s time to get a new one and drive off with a smile. It’s a happy process, and it’s one that benefits almost everyone.
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