Leasing vs Financing an Audi
Leasing vs Financing an Audi
It’s been one of the most thought about options when it comes to the car industry. Either choice is not a bad choice. Leasing or Financing can work depending on how you prefer things to pan out. A lot of things can factor into your choice of either leasing or financing. Do you see yourself wanting to own the vehicle at the end of your payments? Or would you rather change into a new vehicle after your payments end? The choice is ultimately yours, you can always choose what best suits you. If you are wondering if you should lease or financing an Audi in the Richmond Hill area, then this blog by HJ Pfaff Audi could be informative for you.
Financing an Audi vehicle
When you decide to finance a vehicle, you agree to pay overtime for the entire cost of the vehicle, and eventually, you’ll own it. Monthly payments are higher compared to leasing. How it usually works is you make a down payment, pay sales taxes, and pay an interest rate offered by Audi Finance based on the model. You make your initial payment about a month after you sign the dotted line. Later, you’re certainly able to sell or trade the vehicle for its depreciated resale or trade value. With financing, you can customize your vehicle however you like, and there are no charges for vehicle wear and tear.
Leasing an Audi vehicle
Let’s talk about the advantages of leasing a vehicle from HJ Pfaff Audi. When you decide to lease instead, you pay only a portion of a vehicle’s cost, determined by how long you own the vehicle and how many kilometers you put on the odometer. Leasing is similar to financing, but with some similarities to renting. At the end of the lease, you won’t actually own the vehicle; you’ll simply return it.
You have the option of not making a down payment, you pay sales tax only on your monthly payments, and you pay a financial rate that is similar to the interest you’ll generally see with loans. You might be required to pay certain fees and possibly a security deposit, which you would pay upfront. At lease-end, you’re able to either bring the vehicle back or purchase it for its depreciated resale value. You might be responsible for a lease-end disposition fee.
When you go with a shorter lease, you’ll have the opportunity to drive a completely different vehicle when the lease ends. Or if the vehicle is within the kilometer limit detailed in the lease agreement and has no abnormal wear and tear, you can simply return it to HJ Pfaff Audi instead.
Why buy from Pfaff?
The Pfaff difference is all about selling you a car the way you want to buy it. We’re no longer operating with old-school sales tactics where different customers get different deals. With upfront pricing, you won’t have to negotiate.
We won’t add any additional fees to your deal. If you have a vehicle to trade, we will give you a written offer with no obligation to buy any of ours. And you can’t buy the wrong car with our return and exchange policy.
Visit us today to experience the Pfaff difference.
If you are looking for more information about leasing vs financing an Audi in the Richmond Hill area, then a visit to our HJ Pfaff Audi dealership in Newmarket is needed! Click here to find our contact information, schedule a test drive, or to speak with a representative.