Here at Fields Volkswagen, we know that you have a lot of choices when you’re shopping for a new vehicle. Once you’ve decided whether you want a crossover like the 2019 Volkswagen Atlas or a stylish sedan like the 2019 Volkswagen Jetta, you have one more choice to make. Do you want to buy or do you want to lease?
There are pros and cons to each. If you buy a car, it’s going to cost more money upfront. Generally, a down payment for 20% of the vehicle’s total cost is expected. Then you finance the rest with a loan that has an interest rate depends on your credit history. You also have to pay for many maintenance costs yourself. On the other hand, you can customize your vehicle with accessories and performance parts if you would like to. Then once the car is paid off, it’s all yours. You only have to worry about insurance costs and general upkeep. If you plan to keep a vehicle for a long time, buying can be the best way to go.
Leasing a car also offers some advantages. Many of your routine maintenance needs are covered since the dealership is essentially just letting you borrow it for a bit. They want to make sure that it stays in top shape. This can have some drawbacks though, depending on what kind of driver you are. If you want to customize your vehicle, that’s out. If you want to drive a lot, you might run afoul of some lease agreements that limit how much you’re allowed to drive. Many leases limit you to a certain amount of miles traveled, like 12,000 miles per year. You don’t have to worry about selling your car when the lease is up though, and you can just upgrade to a brand new vehicle with the latest features. So if you like getting the latest tech and upgrades, leasing might be the way to go.
At our Volkswagen dealership near Palm Coast, FL, we’ll help you decide whether buying or leasing is right for you. We can also answer all of your questions about the Volkswagen financing process. We look forward to assisting you!