Should You Buy or Lease a Car?

When the time comes to get either a car for the first time or upgrading your old car to a new Audi, you may wonder whether buying or leasing is the better option. The answer depends on your own needs and circumstances since both purchasing or leasing have their benefits. Let's take a look at the pros and cons of both options to consider here at Audi West County in Ellisville, MO.

Cost Benefits for Leasing and Buying

Leasing seems to be the less expensive option in the short term. When you lease a new Audi, you are paying for the depreciation of the vehicle and not the vehicle itself. Thus, the down payment tends to be lower, as are the monthly payments. Our Ellisville, MO Audi dealership reserves the option to sell the car once you return it, minus the depreciation.

Buying a car through an auto loan might seem a bit costlier at first, but once the full balance of the vehicle gets paid off, you own it for life. When it comes to our new Audi models, and many of our used cars, shoppers continue to drive the vehicle for several years after the loan gets paid. Of course, the owner keeps the money upon selling the car, or he/she can trade the vehicle in for a new one.

Replace the Car When You Want

Leasing allows you to upgrade your car to a new Audi every two or three years, depending upon the term of the lease. A driver who doesn't want to put a lot of mileage on a car, or drive the same one for many years, will find leasing a worthwhile option.

On the other hand, someone who has their heart set on one particular car, and is comfortable with the maintenance responsibilities, may prefer buying.

Driving Requirements and Rules

With a lease, there is a cap on mileage and how far you can take the car. The lessee must also be mindful of any wear and tear, excess or otherwise, on the vehicle as these may incur financial penalties if left untreated. When you buy a car, you aren't held to a leasing agent's terms, but you are responsible for any maintenance costs not covered by the warranties from Audi.

Your Decision

At Audio West County, we advise you to take some time to think about your options, needs, and budget. Doing so could help you come up with the right plan for either buying or leasing. When you are ready to begin, schedule a twist drive and visit Audi West County at 15736 Manchester Road in Ellisville, MO today. See you soon!