Benefits of Finance + Lease

Finance Lease Picture

Audi Queens believes in providing customers with as much information as possible because we feel it’s a necessary component in making a secure and comfortable decision. Below breaks down some of the differences in financing and leasing a vehicle. Also, an Audi Queens representative is always happy to answer any questions you may have.


What it Means to Finance
When you finance a car, you buy it. You own it outright as soon as you sign the paperwork. If you take out an auto loan, the bank owns it until the financing is paid off. As long as the loan payments outpace the rate that the car depreciates, you build equity each month.

Once the car is paid off, you won’t have any more monthly car payments. You’ll just be paying for fuel, maintenance costs and insurance.

Because you own the car, there are no mileage restrictions. Residents who travel long distances typically fare better buying than leasing.

Not always the case, but banks and credit unions sometimes require that you pay a 10 to 20 percent down payment. There is a chance you’ll have to pay more up-front than you do with a zero-down lease.

With a lease, if the vehicle is worth less than the residual value, it’s the leasing company’s problem. If you finance, the dip in its resale value may create issues when it comes time to buy your next vehicle.

Finance Application

Finance Payment


What it Means to Lease
A lease allows you to trade up for a new car regularly. That means you access to the latest advanced safety and technology features. With a lease, you just have to pay for the depreciation that occurs over the term of the lease agreement.

Lease customers only have to pay for the difference in the price that they negotiate and the car’s expected value at the end of the lease known as its residual value.

The residual value is an estimate of the wholesale value of the car at the end of the lease term. They are sometimes called lease-end values or the lease-end purchase price and are set by the company that is financing the lease, not the dealer. They are an expert guess as to what the car will be worth when the lease ends, and they are typically not negotiable.

Leasing often allows customers to acquire a lower monthly payment than they would if they were to purchase the same car. At the same time, lease customers never own the car and never have any equity in it.

When you lease there is no need to worry about selling your trade-in. When your term ends, you have multiple options for how to get into a new car.

Lease payment and mileage

Lease-end process

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