Once you have decided on the perfect new Volkswagen vehicle for you and your needs, you have a choice between financing and leasing your brand new VW. At Georgetown Volkswagen, we believe that part of our job is to help you decide which option is best for you, and take the time to answer your questions and understand your needs.
There are, of course, advantages and disadvantages to both leasing and financing. When it comes to leasing your vehicle, the monthly payment is lower and there are significant tax advantages if you are using a leased vehicle for yourself or your company. On the other hand, a leased vehicle comes with mileage restrictions. If you are going to lease, you therefore want to make sure you do not need to travel more than the allowed mileage in your contract. That said, if you like to change your vehicle frequently, leasing is a good option.
With financing, there are no mileage restrictions, but the monthly payment is higher. You can, however, sell the vehicle at the end of the contract and have part of that back. Or, you can keep your vehicle for a few years following the end of the financing contract. If you plan to do that, financing from the start is a more sound strategy.
To learn more about financing and leasing, contact us today at Georgetown Volkswagen.