Buy vs Lease


Should You Buy or Lease Your Next Volkswagen?

You've already chosen your next vehicle after looking through the excellent selection at our Volkswagen dealership near Glenview, IL, and now you have another tough decision to make: to buy or to lease. To make that decision, you're going to want all the information you can get. Luckily for you, the knowledgeable staff at our Volkswagen financing center in Highland Park will give you all the information you need to make an informed choice about whether to buy or lease.

When Financing Your Vehicle…

When you buy a vehicle at our Volkswagen dealership near Northbrook, IL, you can either pay up front, allowing you to avoid monthly payments, or break up payments to allow for a little more financial breathing room. Neither option is the wrong choice, but most opt to pay for their new vehicle over a number of years. If you choose to finance your vehicle over a few years, you'll end up taking out a loan from a financial institution, and you'll settle that loan over a set time period, which is usually over 24, 36 or 48 months. Here's some more info about buying a vehicle:   

  • You get to keep the car when it's repaid
  • Be aware that monthly payments are slightly higher than lease payment
  • You will have to work with outside lenders to get a loan
  • You will have to repay the full price of the car
  • You get the added benefit of being able to modify and customize your Volkswagen 

When Leasing Your Vehicle…

If you're hoping to have a little more short-term flexibility when paying for your vehicle, then look to lease your new Volkswagen. Leasing a vehicle is good for people who like cutting-edge tech and new-car perks, because it's easy to swap to a newer models every few years. Once your lease term is up, you can buy the car outright, extend your lease or pick out a new model. This way you can have something new every year, or you can decide to extend your lease if you really love the Volkswagen you're driving. Here's a little more information about leasing:

  • Generally, you'll have lower monthly payments than when financing
  • You only pay for the time you have the vehicle, not the whole price
  • You have to return it at the end of the term, at which point you can swap for a new one or extend
  • You don't have to worry about long-term maintenance costs
  • Generally, you can't customize or change the vehicle
  • You'll be subject to mileage limits and fees for too much mileage

Now that you have all that information, get ready to enjoy your new Volkswagen from Volkswagen of Highland Park! Get in touch with us today to learn about how to get started.

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