When buying a new Volkswagen, it’s important to consider all your financing options. Both buying and leasing a car from your VW dealer have benefits, and the decision to buy or lease depends on which benefits are the best for your circumstances and preferences.
Pros of Leasing
Lower Monthly Payments
You’ll usually pay less every month when leasing a car versus buying one. This is often a better solution for people who have a limited budget or people who like to live as inexpensively as possible.
New Cars Frequently
When leasing, you get a new car every few years without the hassle of reselling your old one. If you like novelty and trying out all the latest tech and safety features, then you may enjoy leasing.
Better Car for Less Money
Because leasing a car often costs less than buying one, you may be able to get a better car for less money. For example, your budget may only allow you to buy the base trim of your favorite Volkswagen model. However, you could be able to lease one of the higher trims of the same vehicle for the same amount you’d spend on buying the base trim.
Pros of Buying
An End to Monthly Payments
When you get financing to buy a car, you’ll eventually pay the loan back. One day, you’ll have no monthly repayments to make, but you’ll still have a vehicle. If you like driving the same car for many years and like the thought of having no monthly car payments to make, then this may be a great option for you.
No Lease Fees
There are certain fees associated with leasing a vehicle. For example, if you drive over a certain number of miles, then you may have to pay a fee for each extra mile you drive. The number of miles you can drive in a year is typically stated in the lease you sign. You also don’t have to pay any fees related to wear and tear at the end of your lease if you buy your car.
The Ability to Upgrade
If you want to upgrade any parts of your car, then you can do so to your heart’s content if you own it. You can also modify its appearance in any way you like.
Should I Buy or Lease From My VW Dealer?
Ultimately, there’s no wrong choice when choosing between leasing and buying. If you have a lower monthly budget, then leasing is probably the best option for you. If you’d like to own your car and have no payments to make each month, then you might prefer to buy. It’s important to consider the pros of each by themselves and figure out what’s most important to you when getting a new car.
Looking to lease or buy a new vehicle? Come to Doral Volkswagen in Doral, FL to talk to our team today.
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