Buy or Lease a New VW: Which Option Is Best for You?

The decision between buying and leasing a car can be a tough one, which is why you should do your homework and have a game plan when you visit your VW dealership. Whether you buy or lease a car, you can count on your Volkswagen dealership to help you get a good deal. 

Buy or Lease a New VW: Which Option Is Best for You?

There are plenty of factors to consider when deciding whether you should lease or buy a new car. Volkswagen cars have great long-term value, so either way you go, you will get the benefit of driving a reliable and affordable vehicle. The main factors that can help you decide whether to lease or buy include:

Monthly Payments

When you lease a vehicle, you can usually enjoy a lower monthly payment, while the monthly payment for financing a car is typically much higher. If you are on a budget, leasing may make more sense. Likewise, if you lease a car, you won’t need to have a very large down payment, while buying a car will require at least 20% of the purchase price.

Driving Habits

If you have a tendency to take road trips, or you are a commuter, leasing might not be the best option. For many lease contracts, there is a limit to how many miles you can drive each year and penalties for driving over that mileage at the end of your lease term. When you buy a car, you won’t have to worry about mileage limits.

Wear and Tear

If you accumulate a lot of wear and tear on a vehicle, then it might be a good idea to buy one instead of leasing. Leased vehicles that have excessive wear and tear at the end of the lease term may earn additional fees for superficial damage. Buying your car, on the other hand, means you won’t have to worry about wear and tear penalties. 

Ask Your VW Dealership: What About New Models When You Buy or Lease a Car?

If you’re a driver who loves having the latest model, then leasing a vehicle might be a better option. When you lease a car, it’s easy to upgrade to the latest design. The only thing you need to keep in mind are any lease termination fees if you break your lease agreement when you upgrade. If you buy your car, you can still upgrade to the latest model, but you will have to sell your vehicle or strike a trade-in deal to do so. 

For some drivers, leasing a vehicle is a more flexible option and easier to manage on a tight budget. On the other hand, if you buy a car, you will own a long-term asset in the future. To discuss all of your financing options, visit Tom Bush Volkswagen today. 

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