Once you've found a car you like at Patrick Volkswagen, it's time to lease or finance it. There are benefits and drawbacks to both of these options, but our guide can help you figure out whether a new car loan or a VW lease will work best for you.
What to Know About Leasing
When you lease a new car, you don't own it. You're essentially paying for the depreciation the vehicle experiences before you hand it back to a dealership. Since you don't own your car, lease agreements often have some important stipulations to be aware of.
You can't customize a leased car by installing accessories or changing its paint job. Leases often limit how many miles you can drive each year. Going over this limit, usually around 12,000 to 15,000 miles, means extra fees.
Leasing is often less expensive than buying though. You can get more car for your money, stretching your budget to afford a higher trim level or a different model with more features. The end of a lease also offers options. You can turn in your car to get a new model, extend your lease, or buy your car outright.
What to Know About Financing
Financing a new Volkswagen model costs more, but you don't have to worry about mileage limits. The car is yours. When it's all paid off, you only have to worry about expenses like insurance, fuel, and maintenance, so cost of ownership drops off significantly.
As a result, buying a car is often the best option if you plan to keep your vehicle for a long time. If you're the type to upgrade cars frequently, leasing is probably better for you. Whichever option you choose, make our VW dealership near Westborough, MA your first stop when you're shopping for a new vehicle!