Lease versus Purchase

Graberg1Graberg1 Member Posts: 4
edited August 2020 in Audi
Interested in thoughts on lease versus a purchase given current 0% financing for 72 months promotion through end of August.

Comments

  • isellhondasisellhondas Issaquah WashingtonMember Posts: 20,338
    No "right" answer here but zero percent financing for (gasp) six years sounds better than climbing on the lease treadmill. Just make sure they don't jack up the price of the car to cover the lost interest. Nothing is ever free.

    On the other hand Audi's can be very troublesome and expensive to fix as the years and miles pile up so being able to walk away after three years might be attractive too!
  • kyfdxkyfdx Moderator Posts: 210,201
    Graberg1 said:

    Interested in thoughts on lease versus a purchase given current 0% financing for 72 months promotion through end of August.

    I would rather have the 0% financing, as you don't give up any incentives.

    Of course, you won't get the $7500 lease cash, but you apply for the Federal tax credit, instead.

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  • Graberg1Graberg1 Member Posts: 4
    Appreciate the comments. Both purchase/lease offers I've received deduct 15% off MSRP and the lease offer also includes the $7500 lease rebate in lieu of tax credit. Question in my mind is if I wanted to sell at the end of 3 years and trade into new technology would I be able to sell for the remaining balance of the loan (50% at that point). I guess to some extent that depends on the amount I'm willing to put down.
  • MichaellMichaell ColoradoModerator Posts: 209,713
    Graberg1 said:

    Appreciate the comments. Both purchase/lease offers I've received deduct 15% off MSRP and the lease offer also includes the $7500 lease rebate in lieu of tax credit. Question in my mind is if I wanted to sell at the end of 3 years and trade into new technology would I be able to sell for the remaining balance of the loan (50% at that point). I guess to some extent that depends on the amount I'm willing to put down.

    If you plan to use a down payment, then don't lease. It doesn't change the cost of the lease, and you risk losing that up front money if the car is stolen or totaled.

    The advantage to leasing, however, is that you lock in your residual value. If you buy with an intention to sell after three years, nobody can predict what market values will be like on used EVs. The technology moves so fast, resale values could drop like a barrel over Niagara Falls.

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