The nice thing about leasing a Volkswagen is that once the lease is up, all you have to do is turn the car back into the dealership. It’s kind of like a long-term rental. This can also be a downside, however, if you love your vehicle and don’t want to return it.
The good news is that you may not have to, as it’s possible to stop leasing and start the VW finance process. To do this, you have a couple of choices to consider.
Wait Until Your Lease Ends
The simplest way to buy your car is to just wait for the lease to expire. When you bring it to the dealership, they will let you know its value. Then you can figure out how much of that you can pay right away.
You can apply for financing for the remainder. Then it’s just a matter of choosing a loan term and a monthly payment plan.
End the Lease Early
The lease you signed is a binding contract, but it is possible to end it early. The first thing to know about this is that there will be an early termination fee. You should find out how much this is before deciding to do anything, as it can be high.
It’s also important to understand that you may be responsible for paying any remaining lease payments.
Make the Smart Choice at Patrick Volkswagen
When looking to change from leasing to financing, it’s very important to weight your options carefully so you can make the best decisions. At Patrick Volkswagen, we can help you decide which is the right course of action for you.