How to Decide Between Leasing Or Buying

October 21st, 2020 by

A couple holding the keys to their new Volkswagen from Spitzer VW Amherst

How to Decide Between Leasing Or Buying


Lease vs Buying a Car: What’s the Right Answer?

So, you finally found the Volkswagen that pulls your heartstrings and meets the demands of your driving style—but the big question is: How will you pay for it? In short, you’ll usually have two options, getting a Volkswagen lease or taking out a loan. And on paper, both options get you behind the wheel of the ride you’re looking at, but in the long term, both couldn’t be more opposite. Stick with us today, as we explore leases and loans to help you decide which is best for you.

For more information about Volkswagen leases and loans, visit Spitzer Volkswagen in Amherst, OH, where an expert at our finance center can walk you through the finer details of each option based on your budget and driving needs. Until then, here’s a quick look at the basics.

What Can a Volkswagen Lease Do for You?

Want to drive a Volkswagen without making major long-term commitments? Then a car lease in Amherst is the option for you since you’ll make a low down payment, followed by affordable monthly payments for a short term (usually between 1-3 years) while sticking to a mileage allowance. Once the lease ends, you get a choice: outright buy the Volkswagen, lease another ride, or return the leased Volkswagen.

The main draw of a lease is the low commitment since you don’t actually own the Volkswagen you drive—instead, it’s more like a long-term rental. While you can’t make any permanent changes, the monthly fees are often lower than with a loan, and you return the ride before cars typically require major maintenance or repairs, which usually makes a lease a more affordable option. Also, since your lease ends in such a short period of time, you’re often behind the wheel of the latest models.

Why Would You Get a Loan?

Do you want to drive your Volkswagen for more than 30,000 miles/many years to come? Then a car loan is the main option to consider since you gain ownership of the car. In short, a loan works by you making a down payment and then paying for the rest of your car with monthly payments with a low-interest fee until you pay off the full loaned amount. While this option typically costs more than a car lease, remember that the car is fully yours with virtually no restrictions—paint jobs, aftermarket modifications, and much more aren’t off-limits. Also, you won’t need to worry about a mileage allowance, which means you can take a road trip out of state next weekend and not worry about paying an extra fee.

Don’t Forget About Specials and Incentives

Whichever option you select, you can already get started by checking out our monthly lease specials for massive savings on getting behind the wheel of some of your favorite Volkswagen models at lower monthly rates. If a loan is more your style, explore pre-owned and Certified Pre-Owned vehicle specials for many options of affordable rides that will fit in your budget.

Where to Explore Auto Financing Options in Amherst

For more information about leasing and loaning, stop by the Spitzer Volkswagen Finance Center today, where one of our experts will walk you through a more in-depth version of your options. As your local Volkswagen dealership, we’re also here to walk you through car specs and packages after you decide upon your financing options.


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