In late 2017 I leased a new Audi S3. Kind of a midlife-crisis sports sedan since my twins were going off to UT and I was becoming an empty-nester. Figured I'd go 42 months and then get another one, so a lease seemed to make sense.
Fast forward to 2020. My lease is up in 7 months. I absolutely love the car and probably want to keep it for a while longer. I have a year left on the warranty, so maintenance is not an issue for a while and I can always go extended warranty later. I'm way under the mileage allowance and the car is in excellent condition.
If I choose to pay it off, the amount I'd pay is around $5000 less than the trade-in value, and probably a larger amount difference if done by private sale. So I can definitely recover some nice equity in the car.
In addition, S3s are nowhere to be found. Audi probably isn't going to make them for a while which means I won't be able to find one to replace it and the demand for a used one is greater for when I sell. Again, I love this car. It drives great, fast as hell and I love the fact that pretty much nobody else has one.
What am I looking at as far as loans? Is this considered a used car loan or is there a specific product for this that I can't seem to find online since I'm not sure what it would be called? Any recommendations for lending institutions with good interest rates on a 2017 car loan?