Strategy ?
Thread Starter
Member
Joined: Apr 2001
Posts: 21,064
Likes: 0
Strategy ?
Trying to decide on the lease or buy.. a little outloud thinking.. any comments?
I figure if I buy I won't have a lot of left over money to make any real mods to it.. maybe tinted windows, chip and possibly exhaust.
If I lease, I will have a lower monthly payment and can chip and tint it still.. and then I can trade it in in a few years and get a new TT (or anything else).
I will probably do a 4 year deal either way.. lease or buy.. looks like with $500 down (I want to keep it low, not sure if they will take that tho) it is $600 a month for a lease (depending on final price) or $900 a month for a buy (again, depending).
Wadda ya'll think?
I figure if I buy I won't have a lot of left over money to make any real mods to it.. maybe tinted windows, chip and possibly exhaust.
If I lease, I will have a lower monthly payment and can chip and tint it still.. and then I can trade it in in a few years and get a new TT (or anything else).
I will probably do a 4 year deal either way.. lease or buy.. looks like with $500 down (I want to keep it low, not sure if they will take that tho) it is $600 a month for a lease (depending on final price) or $900 a month for a buy (again, depending).
Wadda ya'll think?
Junior Member
Joined: May 2000
Posts: 664
Likes: 0
I say buy unless you are expecting to have a lot of money coming in the next few years...
By leasing you lose about 7 to 8 thousand dollars, if you end up buying at the end of the lease.
For example, lets say its a 36k TT, the lease will be about 19k, and the residual will be about
23 or 24k for a 3 year lease. Thats about 7k total you will pay over the list price, not including the leasing fees. Now, when you buy you will be paying some interest on your car loan, but it will be much less than the 7k extra for the lease you've spent. Especially if you decide to buy you still have a 23k loan to pay.
Now the big issue is that if you lease and perform a bunch of mods, you won't really get your money back on the mods when you sell. So, if you buy and trade it in right away at the end of the lease you don't get more money for the mods and some people may not *like* the mods you did.
Given all this, what did I decide to do? Well, I leased and modded. But, that was mainly because I am working for a small startup company and was short on cash at the time and needed a car quick. Now, as time goes on I'm making more money and I will definitely buy my TT at the end of the lease. Especially since I've invested so much time and money into the mod's I've performed on it. I'll be able to easily afford a 24k car 1 1/2 years from now, but I couldn't afford a 36k car 1 1/2 years ago. Also, I'd like to keep the Mk 1 suspension and spoilerless style.
For example, lets say its a 36k TT, the lease will be about 19k, and the residual will be about
23 or 24k for a 3 year lease. Thats about 7k total you will pay over the list price, not including the leasing fees. Now, when you buy you will be paying some interest on your car loan, but it will be much less than the 7k extra for the lease you've spent. Especially if you decide to buy you still have a 23k loan to pay.
Now the big issue is that if you lease and perform a bunch of mods, you won't really get your money back on the mods when you sell. So, if you buy and trade it in right away at the end of the lease you don't get more money for the mods and some people may not *like* the mods you did.
Given all this, what did I decide to do? Well, I leased and modded. But, that was mainly because I am working for a small startup company and was short on cash at the time and needed a car quick. Now, as time goes on I'm making more money and I will definitely buy my TT at the end of the lease. Especially since I've invested so much time and money into the mod's I've performed on it. I'll be able to easily afford a 24k car 1 1/2 years from now, but I couldn't afford a 36k car 1 1/2 years ago. Also, I'd like to keep the Mk 1 suspension and spoilerless style.
Senior Member
Joined: Apr 2000
Posts: 9,428
Likes: 0
Look at the Audi Premier Purchase. Low payment like lease but you own the car. Beware, though, the
interest rate is high.<ul><li><a href="http://www.audiusa.com/financial/calculator.htm">Audi Financing</a></li></ul>
Trending Topics
AudiWorld Stories
Bringing Audi to Life for Audi Fans
10 Strangest Audi Designs That Actually Made Production
Joe Kucinski
2027 Audi Q7 and SQ7: Audi Upgraded EVERYTHING!
Michael S. Palmer
Audi Unveils Absurdly Cool New Supercar: 10 Things You Need to Know!
Verdad Gallardo
The Highs & Lows of Every Audi C-Class Generation
Joe Kucinski
Top 10 Most Expensive Audis Ever Sold on Bring-A-Trailer
Brett Foote
10 Audi Features & Options We Miss the Most!
Joe Kucinski
Audi Recreates Crazy-Looking Speed Record Breaker From 1935
Verdad Gallardo
Coachbuilder Recreates the 1995 Audi TTS Concept
Verdad Gallardo
