Purchase or Lease: The Age-Old Debate for Volkswagen Drivers

Weighing the Pros and Cons Between a New VW for Sale Versus Leasing a VW

When shopping for a new vehicle, drivers have two main options to choose from: purchasing and leasing. As a dealership that has worked with many customers over the years, we can tell you there’s no one-size-fits-all answer to which option is better. Leasing and purchasing each come with their own unique set of pros and cons, and deciding between the two is subjective to several factors.

In this blog, we’ll cover the pros and cons of getting a new VW for sale versus a VW vehicle for lease. The next time you go car shopping, you’ll have all the information you need to make an informed decision.

VW Vehicle for Lease Versus a New VW for Sale

Before we delve into the pros and cons of leasing versus purchasing, it’s helpful to clearly define the two terms. Leasing a vehicle is like renting in that the driver pays a monthly fee to use the vehicle, but they don’t own it. Purchasing means that the driver has ownership over the vehicle as their property. When purchasing a vehicle, drivers typically have an auto loan that charges interest and principal.

The Pros and Cons of VW Leasing Options

When considering a VW vehicle for lease, the following are the main pros and cons to be mindful of:

Pro – Lower Monthly Payments: One of the main reasons drivers prefer to lease instead of purchase is the chance for a lower monthly payment. Lease payments vary by vehicle, but they are often lower than the monthly purchase payment, depending on a few factors like down payment or interest rate. In general, leasing is more affordable up-front.

Pro – Upgrade to a New Car Every Few Years: Another perk with getting a VW vehicle for lease is that drivers can upgrade to the newest model every few years when their lease agreement is up. This enables drivers to remain current with the latest in vehicle technology, fuel economy, and safety features.

Pro – Warranty Coverage: Drivers of leased vehicles have peace of mind knowing their car or SUV is covered under the new vehicle warranty. Maintenance and repairs are typically fully covered, depending on your lease terms.

Pro – Minimal Money Down: When getting a VW vehicle for lease, the upfront costs are minimal when compared to purchasing a vehicle.

Con – The Mileage Limitations: Leases usually have mileage restrictions written into the agreement. If a driver exceeds their mileage limit, they face additional charges.

Con – No Vehicle Equity: When drivers lease a vehicle, it means they won’t build any ownership equity.

Con – Wear and Tear Penalties: If the vehicle is not properly maintained, it will result in fees and other types of surcharges when the vehicle is turned in.

Con – Lease Termination Fees: If a driver needs to terminate their lease agreement early, it can lead to substantial termination fees.

The Pros and Cons of Getting a New VW for Sale

The following breaks down the main pros and cons of purchasing a brand-new vehicle.

Pro – Vehicle Ownership: Purchasing a vehicle means that drivers have complete ownership over an asset. They are free to modify, trade in, or sell the vehicle at any time.

Pro – No Mileage Restrictions: Unlike leasing, there are no mileage restrictions when drivers purchase a vehicle. For those who like to go on long road trips or who drive long distances for work or family, purchasing is usually the better option.

Pro – Customization: Drivers who purchase their vehicle are allowed to customize it as they see fit. This includes window tinting, custom vehicle wraps or decals, custom paint jobs, and other modifications.

Con – Higher Monthly Payment: Getting a new VW for sale will usually be costlier than leasing it; however, each payment results in gaining equity.

Con – Maintenance Costs: As the owner of the vehicle, drivers are responsible for maintenance and repair costs that aren’t covered under their warranty.

Con – Up-Front Costs: Purchasing a vehicle generally means paying higher up-front costs compared to getting a VW vehicle for lease. Up-front costs generally include a down payment, registration, state taxes, and other fees.

Weighing Your Volkswagen Finance Options vs. Buying

Getting a new vehicle is a huge decision that will affect your monthly budget for the foreseeable future. The choice between getting a VW for lease versus purchasing one boils down to personal preferences, driving habits, budget constraints, customization goals, and other factors.

For example, if you’re the type of driver who plans on taking a lot of road trips, leasing a vehicle is probably not the best option for you. Conversely, if you have a short commute and want to keep your payments as low as possible, you should consider your VW leasing options.

Shop for a 2024 Volkswagen – Whether You Lease or Buy

However, before deciding between leasing versus purchasing, you need to find the perfect Volkswagen. VW SouthTowne happens to carry the largest stock of VW SUVs and sedans in Utah, including the award-winning, all-electric VW ID.4 and the sleek and economical VW Jetta.

You can test drive any of our new vehicles simply by visiting our dealership, conveniently located at 11000 South 290 West. For questions or to arrange an appointment, call (801) 988-5825 or email us using the contact form on our website.

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