Should I Buy or Lease My New Volkswagen?
Should I Buy or Lease My New Volkswagen in Tampa, FL?
Our goal at Volkswagen Brandon is to create a smooth and effortless buying experience for all of our guests. If you’re undecided between purchasing or leasing a new Volkswagen, take a look at a chart we’ve compiled that highlights the advantages and disadvantages of each option. Purchasing a car is a big decision but it doesn’t have to be confusing. To simplify your decision-making process, we offer online credit pre-approval and a payment calculator so you can get a good idea of how much your monthly payments will be. Are you game for a new ride? Keep reading for more information!
| How Do Car Loans & Leases Differ? | Loan | Lease |
|---|---|---|
| Path to Ownership |  |
 |
| Upfront Costs |
Cash price or a down payment, taxes, registration, and other fees. |
First month’s payment, refundable security deposit, acquisition fee, down payment, taxes, registration, and other fees. |
| Lower Monthly Payments | |
|
| Customization Allowed | |
|
| Covered Under Warranty | |
|
| Future Value |
All vehicles depreciate, but you’ll have equity when trading or selling. |
The future value doesn’t affect you. |
| Unlimited Mileage | |
|
| Fees for Excessive Wear and Tear | |
|
| Fees for Early Termination | |
|
| End of Term |
You’ll have full equity to do what you want with the car. |
Purchase the vehicle, or buy or lease another car. |
| Vehicle Return |
Sell or trade. |
Return the vehicle at lease-end and pay any applicable fees. |
Why Purchase a New Volkswagen?
Buying a new Volkswagen is a great choice for individuals seeking to own their dream car. When you purchase a vehicle outright, you’re able to build equity with the payments you make each month. After it’s fully paid off, the vehicle is all yours to keep, trade in or share with a friend in need. Don’t worry about any fees or mileage limitations — because you’ll have none! You can even tailor your vehicle to match your lifestyle by adding an upgraded audio system, exterior accessories and more. Despite the drawbacks of buying a new vehicle — like higher monthly payments, the credit approval process and down payment requirements — you’ll reap long-term benefits from buying your new vehicle.
Why Lease a New Volkswagen?
With the latest spike in car prices and the unlikelihood of it slowing down anytime in the near future, you may want to consider leasing a new Volkswagen. In most cases, you’ll enjoy lower monthly payments on a lease than when you purchase a new car. Most lease terms extend up to the end of the vehicle’s limited warranty period and you’ll be able to drive your leased model during the most dependable years of its life. After your lease term expires, simply steer your vehicle to the dealership, return it and pay any fees you may owe. The hardest decision you’ll have to make is choosing what new vehicle to lease! Do take note of a few cons that come with leasing a vehicle: limitations on mileage, the inability to customize and fees for early termination and wear and tear.
If you’re ready to be the proud owner or lessee of one of our new models, feel free to contact us or visit Volkswagen Brandon at 9816 East Adamo Drive, Tampa, FL 33619 . We look forward to serving customers near Brandon, Wesley Chapel, Sarasota and Clearwater.
*Visit Consumer Reports’ page for more information on whether you should buy or lease.