Lease or Finance in Current Times
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AudiWorld Member
Joined: Apr 2009
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From: NY/NJ, USA
Lease or Finance in Current Times
The 2023 SQ5 that I ordered is now in the dealer lot. Question is whether to finance or lease in the current climate. Apparently, Audi has financing at 2.99% for 60 months right now. Seems pretty good to me. But, I can get a 36 month/15K miles one pay lease with 0.00077MF (0.00077 - 0.00060) and 54%RV. That residual value seems very low. But would it matter?
There is apparently $1,000 - $1,500 for lease loyalty that I would not get if I financed. The $1,000 Costco discount would apply for financing or leasing if I pick up the car before May15th.
What would you do?
There is apparently $1,000 - $1,500 for lease loyalty that I would not get if I financed. The $1,000 Costco discount would apply for financing or leasing if I pick up the car before May15th.
What would you do?
Last edited by edwyun; May 2, 2023 at 06:07 PM.
Thread Starter
AudiWorld Member
Joined: Apr 2009
Posts: 482
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From: NY/NJ, USA
Good to know. I've qualified already but maybe not for this month's promotions. And if worse comes to worse, I can just buyout my 2019 SQ5, though it does have over 65K miles on it.
Last edited by edwyun; May 2, 2023 at 06:25 PM.
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AudiWorld Junior Member
Joined: Apr 2023
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From: Franksville, WI
That's what I thought.
Dealer finance manager said high was 900.
I did a quick Google and there appears to be a model that has 900 as top using other scoring methods.
Or - Audi has a way to advertise a great interest rate that the can deny 99.99% of applicants,
Or,
The dealer is fleecing me to get an extra 1% interest.
Dealer finance manager said high was 900.
I did a quick Google and there appears to be a model that has 900 as top using other scoring methods.
Or - Audi has a way to advertise a great interest rate that the can deny 99.99% of applicants,
Or,
The dealer is fleecing me to get an extra 1% interest.
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Thread Starter
AudiWorld Member
Joined: Apr 2009
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From: NY/NJ, USA
Question remains, whether I should buy or lease. My concern with buying (more than leasing) is that, given the current economic climate, once paid off after 5 years, the car likely will be worth a lot less than the purchase price. At least with the lease, I can get out after 3 years.
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Question remains, whether I should buy or lease. My concern with buying (more than leasing) is that, given the current economic climate, once paid off after 5 years, the car likely will be worth a lot less than the purchase price. At least with the lease, I can get out after 3 years.