Financing or Leasing Made Easy with Audi Financial Services in Audi, PA
No matter what stage of the shopping process you're currently involved in, financing and leasing are probably on your mind. When you find your next new Audi or used car from our dealership in Erie, PA, our financing team, at Audi Financial Services, can help you work out a payment plan that fits your needs best. Whether you're looking for something more temporary, or you have long-term goals in mind, financing or leasing make for flexible alternatives to paying cash. Let us go over with you the pros and cons of financing and how you can get started here at Audi Erie. Our dealership is conveniently located less than less than 45 minutes outside of Meadville, PA.
Financing for the Long-Term
In a financing agreement, Audi Financial Services will match you up with one of the many local banks and lending organizations we work with here in Erie, PA. You can structure your own deal using a handy payment calculator to determine how much you would like to put down and pay monthly.
Pros of Financing
- Equity: If your credit is not what it used to be, an auto loan can help bring your FICA score back up to a better level. When monthly loan payments are made on-time, you build equity which helps strengthen your credit and buying power.
- Less Restrictions: Since lease agreements are temporary, each contract has annual mileage limits as well as restrictions on the type of customizations North East drivers can make to their Audi. Loan agreements do not have these restrictions, so you can take your Audi where you want and customize it as you like, as long as monthly payments are made on-time.
- Ownership: Do you have your hearty on one particular new Audi or used car? If you have one particular car in mind that you want to make your own, financing is the best way to do it. After the total balance of the car is paid off, it is yours to trade, sell, or keep as you see fit.
Cons of Financing
- Protection: As loans are long-term, the warranty backing of your Audi will eventually reach its limits, so may need to purchase additional coverage to keep service payments low.
- Higher Monthly Payments: Lease payments tend to be lower as you are only paying for a fraction of the vehicle's value. However, since the end game with loans is to pay off the vehicle's cost, you may end up paying more monthly, unless you take advantage of one of our financing specials.
Leasing for Short-Term Convenience
Most lease agreements are worked out in-house through Audi Financial Services and can last anywhere from 26 to 60 months. Once your contract is near its end, AFS will send you information on lease-end termination and you will be able to pick out another new car.
Pros of Leasing
- Newness: While used car lease agreements are possible, most customers choose to lease a new Audi, which means that Ashtabula, OH customers can enjoy all the latest technology and luxury this brand has to offer.
- Protection: Since lease agreements are only temporary, most of the factory-backed warranties attached to each new Audi will remain in-effect throughout the duration of the contract. Warranty coverage means low-cost repairs and maintenance.
- Upgrades: Once your leased Audi is returned, and passes a complimentary inspection, you will be all set to pick out another new Audi to lease again. You can also contact Audi Financial Services to see about buying the car you leased by paying off its remaining balance.
Cons of Leasing
- Credit: Generally, your credit rating should be high, if not fair, to be approved for a lease contract. If you have suffered credit issues in the past, you may either be denied or be asked to pay a security deposit.
- Restrictions: Lease contracts set caps on annual mileage, which limits the amount of road trips you can take to Jamestown, NY. Mileage overages can result in financial penalties.
Get Started Online Today
Whether you choose to finance or lease, you will find all the tools you need to get started online at Audi Erie. Our payment calculator helps customers interested in financing create a new finance deal that fits their monthly budget. You can also use our financing application to get pre-approved for an auto loan agreement. When you finish, you can visit us here on Peach St in Erie, PA to work out all the finer points of your deal with Audi Financial Services, take a test drive, and sign your deal.
If you have any questions, or are ready to set up a test drive, contact Audi Erie online or over the phone today! We look forward to working with you!