Hey guys,

I'm leaning towards getting an A5. I have never leased a car before, but I'm thinking about it. Would you mind to tell me whether you bought or leased it and the reasons? I know that the decision is really based on what will fit my situation, and everyone is different; however, I just wanted to get some perspectives so that I can think it through.

Thanks

 

I just purchased a 2010 A5 Prestige S-Line from Henderson Audi. I actually live in Northern California and it was cheaper to fly down and drive it home than to buy the same car locally.

Regardless, I used a loan product called Used Car Payment Saver from penfed.org. You need to join the credit union but this is a great product. It's a blend between traditional financing and a lease. You get low monthly payments and a balloon payment at the end of the term. Your car will depreciate to the point where it's worth that the payoff amount it. So, you either sell it to pay it off, payoff with cash, or refinance.

It can be used for new and used cars. It really only works on a new car if you plan to hold on to it for the length of the term. For used cars, just make sure you get the best deal and you can get away with doing it for 2-3 years.

 

I have always purchased cars - you just drive and enjoy- lease you do drive and take the risk of going over miles etc. and when trading in yoru lease they will find every little thing to charge you for. I have always bought and just my .02