Choosing between financing and leasing is one of the biggest decisions when getting a new vehicle. Each option has its own advantages depending on your lifestyle, budget, and driving habits. Let’s break down what makes financing and leasing different so you can decide which is right for you.
Why Choose Financing
Financing is the way to go if you want long term value and the satisfaction of owning your car outright. Every payment builds equity, which means you will have trade-in or resale value down the road. Once your loan is paid off, you can enjoy driving payment free. Financing also gives you the freedom to customize your vehicle however you like. The trade-off is higher monthly payments compared to leasing and potential repair costs once the warranty runs out.Why Consider Leasing
Leasing appeals to drivers who enjoy upgrading every two or three years. Lease payments are usually 30 to 60 percent lower than loan payments for the same vehicle, making it easier to drive a newer model at a lower cost. You will always be under warranty and have access to the latest technology and safety features. The downside is mileage limits and the fact that you do not build ownership or equity.Explore Your Options with Audi Thornhill
At Audi Thornhill, our team is here to help you find the financing or leasing solution that fits your life best. Visit us in Ontario to discover which option makes the most sense for you.
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