What is the difference between financing and leasing a new Audi A2?

I am interested in purchasing a new Audi A2 but I am unsure whether financing or leasing is a better option. I want to understand the differences and advantages of each option.

Financing is when you purchase the vehicle and make monthly payments towards owning it. Leasing, on the other hand, is like renting the vehicle for a set period of time with an option to buy at the end.

With financing, you have complete ownership of the vehicle and can modify or sell it at any time. Leasing requires you to adhere to mileage limits and return the car in good condition at the end of the lease.

Financing generally results in higher monthly payments but you have the potential to build equity in the car. Leasing usually has lower monthly payments but you have no ownership in the vehicle.