Should I Buy or Lease? | Livermore CA | Near Pleasanton, Dublin, San Ramon & Danville
When you're thinking of investing in a new Audi, it can be a hard choice between leasing or buying. Is there really a difference between the two? Does one option offer more freedom than the other? Here at Audi Livermore, we regularly encounter these types of questions from drivers looking to get behind the wheel of an Audi. Many folks are familiar with purchasing a car, but some aren't as sure when it comes to leasing. Both can be helpful avenues to take when considering a new vehicle from our inventory, but we're here to help you choose. We've compiled the pros and cons of both options. To learn more about buying and leasing, keep reading. As always, if you have further questions, feel free to contact our finance experts.
Why Lease
a Vehicle?
Minimal Upfront Cost
Leasing is like renting. When you choose to lease a new Audi, you agree to make monthly payments with the knowledge that you will return the vehicle to the dealership at the end of your agreed lease period. Down payments for lease contracts are typically lower than purchasing, which makes your upfront costs much less. We also offer new car specials with low lease payments, meaning a lease could be better for you in the short term.
Lifestyle Flexibility
There are certain flexibilities that leasing provides and buying can't offer. Typically, lease terms last for 2-3 years (or 24-36 months), making a lease contract shorter than purchasing. Lessees are usually given around 12,000-15,000 miles per year on the vehicle, but there's also an option to buy more miles if needed at signing. Unlike purchasing, you can lease a brand-new car every few years, minus the hassle of selling or trading. In addition, you have the option to purchase your Audi at the end of your lease if you've fallen in love with it.
Warranty Protection
Because lease terms last on average between 2-3 years, your new Audi will most likely still qualify under its manufacturer warranty for your entire lease. That means any damages or repairs that qualify under the warranty aren't your financial responsibility, and most new cars won't require extensive repairs anyway.
Why Purchase
a Vehicle?
True Freedom
While leasing does have its advantages, only ownership can offer you true automotive freedom. Once you've completed your monthly payments, your Audi is yours to keep, trade or sell. You can also decide on a new paint color or upgrade the audio system—all without having to get permission. You'll have the luxury of true independence that you would expect from owning a true luxury vehicle.
Financial Flexibility
Although purchasing typically requires a larger down payment, buying your Audi may be more fiscally responsible in the long run. Not only do you have more financing options than leasing, but once you've paid off your loan, that money (including your down payment) is secured when you keep your vehicle. You'll see a better return on your investment when you buy, unlike leasing.
No Mileage Restrictions
There's more freedom in the lack of mileage restrictions with purchasing. These restrictions, and the fees if you go over, don't apply, and you don't need permission to leave the country in your car. Ownership means autonomy from lenders and the ability to go wherever you please.
If you’re ready to be the proud owner or lessee of one of our new models, feel free to contact us online or visit us at 3400 Las Positas Road, Livermore, CA 94551. We look forward to serving customers near Pleasanton, Dublin, San Ramon and Danville.
