Lease vs. Buy advice-2019 Q5 Prestige
#11
AudiWorld Member
I talked to my dealer about that concept relative to my wife's A4 and was told "they don't do that", so I didn't even ask on mine. Did you do it through Audi or an independent leasing company?
#12
AudiWorld Super User
Audi absolutely does it, I’ve done it for a few clients. Sometimes it makes sense and other times it doesn’t. Very car/transaction specific
#13
To my understanding, the only time leasing really comes out ahead financially is if you can write it off as a business expense. In most cases, even buying and selling at 3 years comes out ahead
If you have the ability to cut a check, knowing nothing about you I'm gonna assume you have good credit and financing and investing may be a better idea. That's what I did a year ago and it has payed off very nicely for me. I'm financing for 4 years and I think I pay like 300 extra a year in interest fees, which is a drop in the bucket for what I turned investing. Just a thought.
If you have the ability to cut a check, knowing nothing about you I'm gonna assume you have good credit and financing and investing may be a better idea. That's what I did a year ago and it has payed off very nicely for me. I'm financing for 4 years and I think I pay like 300 extra a year in interest fees, which is a drop in the bucket for what I turned investing. Just a thought.
#14
AudiWorld Super User
To my understanding, the only time leasing really comes out ahead financially is if you can write it off as a business expense. In most cases, even buying and selling at 3 years comes out ahead
If you have the ability to cut a check, knowing nothing about you I'm gonna assume you have good credit and financing and investing may be a better idea. That's what I did a year ago and it has payed off very nicely for me. I'm financing for 4 years and I think I pay like 300 extra a year in interest fees, which is a drop in the bucket for what I turned investing. Just a thought.
If you have the ability to cut a check, knowing nothing about you I'm gonna assume you have good credit and financing and investing may be a better idea. That's what I did a year ago and it has payed off very nicely for me. I'm financing for 4 years and I think I pay like 300 extra a year in interest fees, which is a drop in the bucket for what I turned investing. Just a thought.
depends how much cash you put down up front on the buy (insulating you from inequity), whether you got into an accident during your ownership term (carfax report), and other factors
there is no one best way...it’s circumstantial
#15
#16
AudiWorld Senior Member
Agreed. There are so many individual factors and values. For me the thought of having a penalty for exceeding mileage limits would always be in the back of my mind. I don't rent my house and if something goes wrong with it, it may cost more, but at least it's mine. I feel the same way about a car. From what others have shared, I can see that the opposite is a totally valid perspective ... for them.
#17
AudiWorld Super User
Agreed. There are so many individual factors and values. For me the thought of having a penalty for exceeding mileage limits would always be in the back of my mind. I don't rent my house and if something goes wrong with it, it may cost more, but at least it's mine. I feel the same way about a car. From what others have shared, I can see that the opposite is a totally valid perspective ... for them.
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Tonibooten (11-15-2021)
#18
AudiWorld Member
Negotiated with 2 Audi dealers with Audi Financial Services. Signed with one of them. The form lease for AFS has provisions for both a regular lease and one-pay lease. It does require the dealer to do some number crunching that they are not used to.
What also happened is that, after I signed the one-pay lease, it was reviewed by AFS and they corrected (reduced my price for) it.
Last edited by edwyun; 06-12-2019 at 05:52 PM.
#19
AudiWorld Member
Agreed. If I remember correctly, the cost of the miles goes up from beginning, middle and then end of the lease term. In the end, what happened in my case was that they gave me more credit for the extra miles than what I should have paid for them at the beginning of the lease (part of the one-pay lease negotiation). Not sure about your area but the dealers I was negotiating with were chomping at the bit for a one-pay lease.
#20
AudiWorld Member
So true. I know about money factor on my lease, but a lease does not take into account the Wow factor you get with the spirited driving of an Audi. LOL