Audi Finance 101: Loans vs. Leases

For many luxury car buyers, the differences between loans and leases inevitably lead to questions about which route is best. Our Audi finance experts are here to assist you in deciding between the two, considering your budget, lifestyle, and ownership priorities. Here’s a helpful of some of the benefits each path offers from the team at Audi Santa Monica.

When Should You Lease?

Our Santa Monica, CA, Audi dealers recommend leasing for customers who like to drive a different car every few years, as opposed to owning the same vehicle for several years or more. Leasing is also appealing if you would rather have lower monthly payments and a minimal down payment. Finally, a lease offers some flexibility that an automotive loan does not. Rather than being locked into one vehicle, at the end of your lease term, you’ll have the option of returning your vehicle and walking away, upgrading, or buying out your lease.

When Should You Take Out a Loan?

If you like the idea of building equity and eventually fully owning your vehicle, then you should consider a loan for a new Audi model. The equity built through this option allows you to eventually cash in should you decide to sell the car or trade it in. This route is also appealing for customers who want to customize their vehicle with manufacturer options and accessories. Also, owning a car means not having to worry about the mileage caps and wear-and-tear restrictions that come with a lease agreement.

Can I Get a Lease or a Loan at Audi Santa Monica?

Our team offers both lease and loan support and can provide personalized assistance to help you decide which is the better option for you. You’ll not only benefit from the collective knowledge and experience possessed by our finance department, but you can also qualify for different lease offers and financing specials, along with competitive rates. All you have to do to get started is apply for financing on our website—after that, a team member will contact you to further discuss your needs.

Talk With Our Audi Finance Pros in Santa Monica, CA

The advantages and disadvantages associated with loans and leases can be tough to navigate, so put your trust in Audi Santa Monica. Contact us today and we’ll help you decide which path makes the most sense for your situation. We can also discuss special offers, specific financing terms, and our Audi trade-in program.