Buying vs Leasing a New Volkswagen

What are the Benefits of Buying vs Leasing a New Volkswagen?

Getting a new Volkswagen car or SUV can seem complicated. But, when you look at all the pros and cons of various financing options, you can more easily make the decision that best works for you. That is why Hiley Volkswagen of Huntsville wants to be sure to break down the various pros and cons of both leasing and purchasing a new Volkswagen.

Pros Of Leasing A New Volkswagen

The benefits of leasing a new Volkswagen is that you will always be covered if something should go wrong. Mechanical issues are covered under the lease, and sometimes other things like oil changes and topping off fluids are included too. Additionally, leasing a new Volkswagen allows you to be able to drive a new car every two or three years which means you will always have the latest and greatest Volkswagen technology.

Cons Of Leasing A New Volkswagen

While leasing may work for some, the negatives can outweigh the positives for others. Many see the biggest negative aspects of leasing to be mileage restrictions and the fact that you will never really own the car. Some leases restrict you to driving less than 10,000 miles per year. Additionally, once the lease term ends, you must return the car to the dealership.

Pros Of Buying A New Volkswagen

The biggest benefits to buying a new Volkswagen are the fact that you can put as many miles on it each year and that it can save you money each month once the car is fully paid for. Owning your Volkswagen means no mileage restrictions. This is perfect for those wishing to take many long road trips. Additionally, once you pay off your loan, you will have no monthly car payment giving you more disposable income each month.

Cons Of Financing A New Volkswagen

The biggest downfalls to getting a car loan for your new Volkswagen is that it typically comes with financing costs and you will have to pay for all of your own maintenance. When you finance a new Volkswagen you must pay interest on the money you borrowed to buy the car. This means that over time, you will actually end up spending more than the initial sticker price of the car. Additionally, you will be liable to pay for all the upkeep such as tire replacements and oil changes.

Which Option is Right for You?

Now that you know a little more about the benefits of both buying and leasing a new Volkswagen, do you know what choice is best for you? It's okay if you don't. Stop by Hiley Volkswagen of Huntsville to speak with our finance experts today. We can show you the payment options for both a car loan and a Volkswagen lease, which may make the decision easy! We look forward to helping you through the car buying process.