Leasing vs. Financing

When you're shopping around for your next new vehicle, it's a good idea to determine if you plan on leasing or financing. Both are great options to help you bring a new model home to Daphne, but each comes with its own set of benefits. Before you decide which one is the right option for you, check out the pros and cons of leasing vs. financing at Audi Mobile.

Leasing

Leasing a vehicle is similar to renting it. You pay money every month to "own" the car, but after roughly two years (depending on your lease agreement) you bring the vehicle back to the dealership where you either trade it in for another vehicle or opt to purchase it outright. So what are the pros and cons of leasing a vehicle?

  • Pros:
    • Lower monthly payment
    • Low or no down payment
    • Lower repair costs
    • Transition to a new vehicle every two to three years
    • No trade-in hassle
    • Less sales tax
  • Cons:
    • Don't own the car
    • Limited to an agreed-upon mileage
    • Possible wear and tear charges
    • Difficult to terminate a lease agreement
 
 
2018 Audi A5 special 

Financing

Financing a vehicle means breaking out the purchase of a vehicle into monthly payments for a designated amount of time. Some people opt for the financing through the dealership of choice, but you can also opt for financing through a bank or credit union too. So what are the pros and cons of financing a vehicle?

  • Pros
    • Own the vehicle outright
    • Modify vehicle as you please
    • Drive your vehicle as much as you'd like
    • Use the vehicle as a trade-in
    • Sell the vehicle when it makes sense
  • Cons:
    • Higher down payment
    • Higher monthly payments
    • Responsible for repair costs
    • Depreciates in value
   
 
2018 Audi Q3 special 

Make Your Choice at Audi Mobile

If you're shopping for a new vehicle near Fairhope, head to Audi Mobile and learn more about our Audi lease deals as well as our financing specials. No matter if you have your eye on a sedan or Audi SUVs, we offer lease and financing options on all our models. Contact us today to schedule your test drive and see which one is right to bring home to Gulf Shores.