04-04-18

Leasing 101

While you may know you want a 2018 Audi Q7, you may be wondering if you should buy or lease the Audi SUV.  Over the years, we’ve helped a lot of drivers choose between buying and leasing and we’ll be happy to help you make the choice that’s best for you, too.

Naturally, choosing between buying and leasing is much easier when you understand what leasing is.  While many drivers already know what’s involved with purchasing a car, motorists who haven’t leased a vehicle in the past are sometimes baffled by what leasing entails.

It’s common for drivers to liken leasing to renting an automobile.  Just like you return a rental car when you’re done using it, you’ll return a leased car to the dealership you leased it from when your lease expires.  While you can return a rented car earlier than expected without incurring a penalty, you can’t terminate a lease early without paying a penalty.

When you lease a car, you can only drive it for a certain number of miles per year and you’re required to maintain the vehicle in good condition.  If you exceed the allotted number of miles or your leased automobile experiences severe wear and tear, you will pay a penalty when your lease ends.

Leasing is often a smart move for motorists who don’t rack up a lot of miles every year and those who don’t engage in activities like off-roading.  Leasing is also a good idea if you have limited funds to put down.  Lessees typically have to put down less money and they normally have lower monthly payments, too.

Clearly, buying and leasing are two distinctly different kinds of transactions.  Although that’s the case, we’ll help you get financing no matter which route you choose to take.  To find and finance your next Audi vehicle, visit our Audi dealership near Woodland Hills, CA.  We look forward to seeing you at Keyes Audi to buy or lease a luxury vehicle soon.


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