Should I Buy or Lease?

Buying vs. Leasing Which is right for you?

Time to invest in a new Volkswagen? You may be having a tough time choosing between leasing or buying. But what’s really the difference between the two? Does one option offer more than the other? Here at Volkswagen Brandon, these are questions we frequently hear from customers. While many drivers are already familiar with the process of purchasing a vehicle, some don’t know much about leasing. Both can be beneficial paths to take when considering a new Volkswagen from our inventory, but to help, we’ve put together the pros and cons of both options. To learn more about the benefits of buying and leasing, keep reading. As always, if you have further questions, you can contact our financial experts.

Why Lease
a Vehicle?

Minimal Upfront Cost

Minimal Upfront Cost

Leasing is like renting. If you choose to lease your new Volkswagen, you’re agreeing to make monthly payments with the knowledge that you’ll return the vehicle to the dealership at the end of your agreed lease period. A down payment for a lease contract is generally lower than buying, making your upfront cost much less. Plus, we usually offer new car specials that provide lower monthly payments on a lease, which means leasing could be better for you in the short term.

Lifestyle Flexibility

Lifestyle Flexibility

There are definite advantages that come with leasing that buying can’t offer. On average, lease terms typically last for 2-3 years, or 24-36 months, so leasing tends to be shorter than buying. Lessees are usually given around 12,000-15,000 miles per year on the car, but you have the option to buy more miles if needed at signing. Unlike purchasing, you have the option to lease a brand-new car every few years without the hassle of selling or trading. Fallen in love with your Volkswagen by the end of your lease? You have the option to purchase it.

Warranty Protection

Warranty Protection

Because lease terms last on average between 2-3 years, your new Volkswagen will most likely still qualify under its manufacturer warranty for your entire lease. That means any damages or repairs that qualify under the warranty aren’t your financial responsibility, and most new cars won’t require extensive repairs anyway.

Why Purchase
a Vehicle?

True Freedom

True Freedom

Although leasing does offer its advantages, only ownership can offer you true freedom. Once you complete your monthly payments, your Volkswagen is yours to keep, sell or trade. You have the freedom to select a new paint color or upgrade the stereo system — without having to get permission. You’ll have the luxury of true independence that you would expect from owning a Volkswagen.

Financial Flexibility

Financial Flexibility

While buying typically means a larger down payment, purchasing your Volkswagen may be more fiscally responsible in the long run. Not only do you have more financing options than a lease, once you’ve finished your monthly payments, that money (including your down payment) is secured when you keep your vehicle. You will see better return on your investment when you buy, unlike leasing.

No Mileage Restrictions

No Mileage Restrictions

When you purchase, you’re in charge. You won’t be stuck with mileage restrictions (or the fees if you go over), and you aren’t required to obtain permission to leave the country in your car, either. Ownership means autonomy from lenders and the freedom to go wherever you want.

If you’re ready to be the proud owner or lessee of one of our new models, feel free to contact us online or visit us at 9816 East Adamo Drive, Tampa, FL 33619. We look forward to serving customers near Brandon, Wesley Chapel, Sarasota and Clearwater.