What are your guys thoughts on leasing?
01-21-2002, 07:14 PM
#2
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Here's My Two Cents
I'm finishing up on my third Audi lease.
Thought it used to be a good deal. Prices seem
to be way up now. Same lease on a new A6 Avant,
equipped the same, believe it or not, about 40%
more. Similar deal to replace my wife's A4. Residual down some, price up some, but
still about 20% higher. Cash from now on.
Thought it used to be a good deal. Prices seem
to be way up now. Same lease on a new A6 Avant,
equipped the same, believe it or not, about 40%
more. Similar deal to replace my wife's A4. Residual down some, price up some, but
still about 20% higher. Cash from now on.
01-22-2002, 10:08 AM
#5
AudiWorld Member
I lease because:
1)I take extremely good care of my cars, don't have to worry about excessive "wear and tear" on turn-in
2)I have only ever "paid off" two cars out of the eleven I've "owned," because I was always selling/trading in before the loan term was up (and I've never financed longer than 48 months)
3)I like driving a new car. It's not that I won't want my A4 when the lease is up, it's that I'll want something else more.
4)I like the "no-hassle" experience of turning in a lease, and driving something else out the door
5)Lower payment for what I want. If I lease a car, I pay for the percentage of value that I'm going to "use." If I buy a car, I pay for the whole thing, then hope I can resell it for a reasonable price, so that the net is that I only paid for what I used. The easiest way to do this is to trade it in, where you get offered wholesale for your car, though you don't have to pay taxes on the trade in amount. Rarely have I felt that I came out "on top" in this situation.
The A4 is only my third lease, but I don't see myself "buying" anything down the road. If you want to buy a car, heavily modify it, and drive the wheels off of it for ten years, leasing isn't for you. If you're going to want something new in 3-4 years, take good care of your car, and can live within the amount of miles specified on your lease, leasing might be for you.
Regarding vehicle modifications, I've performed all sorts to leased vehicles. Most (stereo, etc) are reversible, or can be done in a reversible fashion, and anything tasteful (aftermarket wheels, etc.) won't hurt you either (in my experience). Other stuff (suspension mods, etc.) likely will go unnoticed on turn-in. They don't care, they're only going to sell your car at auction anyway.
Those are my experiences, YMMV...
2)I have only ever "paid off" two cars out of the eleven I've "owned," because I was always selling/trading in before the loan term was up (and I've never financed longer than 48 months)
3)I like driving a new car. It's not that I won't want my A4 when the lease is up, it's that I'll want something else more.
4)I like the "no-hassle" experience of turning in a lease, and driving something else out the door
5)Lower payment for what I want. If I lease a car, I pay for the percentage of value that I'm going to "use." If I buy a car, I pay for the whole thing, then hope I can resell it for a reasonable price, so that the net is that I only paid for what I used. The easiest way to do this is to trade it in, where you get offered wholesale for your car, though you don't have to pay taxes on the trade in amount. Rarely have I felt that I came out "on top" in this situation.
The A4 is only my third lease, but I don't see myself "buying" anything down the road. If you want to buy a car, heavily modify it, and drive the wheels off of it for ten years, leasing isn't for you. If you're going to want something new in 3-4 years, take good care of your car, and can live within the amount of miles specified on your lease, leasing might be for you.
Regarding vehicle modifications, I've performed all sorts to leased vehicles. Most (stereo, etc) are reversible, or can be done in a reversible fashion, and anything tasteful (aftermarket wheels, etc.) won't hurt you either (in my experience). Other stuff (suspension mods, etc.) likely will go unnoticed on turn-in. They don't care, they're only going to sell your car at auction anyway.
Those are my experiences, YMMV...
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