Is leasing a new Audi a better deal than buying?

The most cost-effective option for you depends on your personal needs and preferences. If you tend to only keep a car for a few years at a time, then leasing might be better. If holding onto your car for many years is your preference, then buying could be a better fit.

What is APR?

APR is the annual percentage rate, which is the annualized rate at which your Audi loan accumulates interest.

What are residual values?

When you lease a vehicle near Dedham, you pay its depreciation over your lease term. What's left is the residual value - the estimated worth of your vehicle at the end of your lease. Residual value helps to determine not only what you pay per month to lease your car, but also how much it would be worth at lease-end if you decided to buy. 

How is sales tax applied to a lease? 

Sales tax is applied to the cost that the vehicle accrues through-out your lease term. Drivers will not pay tax on the total cost of the vehicle. 

How is lease mileage determined?

Lease mileage typically provides an allotment of 10,000 - 12,000 mile per year which is determined through a mileage clause. If you think your driving requirements will go beyond that contact the team at Audi Westwood to learn more about how to add more miles to your lease agreement. 

What is a common lease duration period? 

Typically leases span across 36 months, but there are certain vehicles that offer 24 month lease terms as well. 

Can I end my lease early? 

Yes, you do have the ability to end your lease early. However, there may be penalties involved. We recommend reaching out to our finance team for more information. 

What happens at the end of a lease term? 

Once you come to the end of your vehicle lease term there are several options to consider. You can come down to Audi Westwood and turn your vehicle in and lease a new one, buy your vehicle outright, or turn your vehicle in without acquiring another one.