Once you've found the perfect new car at Patrick Volkswagen, you have a critical decision to make. Finance or sign a VW lease? Asking yourself these questions can help you decide which is the right path for you.
How Long Do You Plan to Keep Your Car?
One of the biggest factors here is how long you tend to keep your vehicles. There are some drivers who love upgrading every few years, experiencing the updates and upgrades that newer vehicles have to offer. Other drivers take their new car and drive until the wheels are practically falling off.
If you're the former type of driver, a lease is a great choice. You drive a car for a while and then you get to turn it in for a new one after a few years. If you're the latter, buying works better for you. Once the car loan is paid off, expenses of ownership drop significantly, and you can keep your car running at a relatively low cost for years to come.
How Far Do You Drive Each Year?
Leases actually limit how much you can drive. After you hit a certain limit, like 12,000 miles in a year, you get hit with extra fees. Carefully consider how much you tend to drive and think about if you're going to run up against those limits.
Do You Like to Customize Your Vehicle?
Leasing isn't a good idea if you like to customize your car. You don't technically own a leased vehicle, so equipping it with performance parts or accessories is often forbidden. If you must tinker with your new car, talking to our Volkswagen financing department is the way to go.
Do You Hate Dealing with a Trade-In or Selling Your Car?
When you lease, you don't have to worry about depreciation, dealing with a trade-in, or selling a vehicle. Just turn in your car and lease a new one. If that simplicity appeals to you, leasing a new VW car is probably your best bet.
If you want to learn more about financing, leasing, and our lineup of new Volkswagen vehicles, visit our new car dealership in Auburn, MA. We look forward to assisting you!