What’s the Difference Between Car Buying and Car Leasing?



Shopping for a new Audi in Nashua or Manchester is a big investment, so you want to make sure you're spending your money wisely. You likely have a budget, and you might be wondering what the difference between car buying and car leasing. We're breaking down the details to help you determine which financial choice is right for you.

Benefits of Buying

Many people who come to our dealership from Concord and the surrounding areas want to finance their vehicle. There are a variety of different advantages, including:

  • Ownership - Each monthly payment you make on a financed new vehicle is helping you build equity. By the time you finish paying off the vehicle - usually 36, 48, or 60 months - you'll own the car outright.
  • Customization - When you own your car, you can do what you want with it. Add a custom paint job, put in a custom stereo system, or install performance-enhancing equipment. You won't be penalized for making it your own.

Benefits of Leasing

The other option is to lease a new vehicle. With this option, you borrow the car for a period of time and have the option to purchase it or return it when the lease term is up. There are also a variety of different advantages to leasing as well:

  • Affordability - In general, vehicle leases come with lower down payments and lower monthly payments. This means that you can afford to drive a nicer vehicle for less, while keeping more money in your account every month.
  • Newest Features - Leases usually come with shorter terms than financing plans, usually 24 or 36 months. This means that as soon as your lease is done, you can bring it in and get a new lease on a vehicle with the latest technology, performance, and design features installed.

Explore Your Finance Options at Audi Stratham

Now that you know the difference between buying and leasing a car, you can make a more informed choice for the purchase of your new Audi vehicle at Audi Stratham. Contact us to schedule a test drive or learn more.