Car Lease FAQ At Spitzer Volkswagen Amherst

August 13th, 2019 by


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Volkswagen lease at Spitzer Volkswagen in Amherst Ohio

Car Lease FAQ At Spitzer Volkswagen Amherst

Decisions, Decisions

You’ve chosen a vehicle and now you need to figure out how to purchase it. There are a few different ways. You could pay completely outright with cash, take out a car loan or get a car lease. A car lease is the option that grows more in popularity every day, and there are good reasons for that.

There are some frequently asked questions when it comes to financing a vehicle this way, and here we will discuss those car lease FAQs. After reading, if you have any other questions, feel free to give our car dealership in Amherst a call today. Our finance professionals will be more than happy to assist you with all of your vehicle financing needs.

What Is A Car Lease?

In the simplest terms, you can think of a car lease as a long-term rental. You don’t have the same kind of commitment that you do when it comes to taking out a loan. When you choose a car lease, you are given a specific vehicle for an allotted amount of time that is outlined in a lease agreement.

After that time is finished, you’ll return the vehicle to the dealership. Once that occurs you can choose a completely different vehicle to drive or choose the same one again. A typical car lease agreement from Spitzer Volkswagen Amherst is about 3 years long. You can learn more about the car leases at our dealership by giving us a call today.

Why Should I Get A Lease?

There are 2 main types of driver who should get a car lease. Those who don’t know what kind of vehicle they want for the long term or those who want the best of the best all the time. A car lease allows drivers to change their vehicle every 3 years or so, allowing them to figure out which vehicle will work with their lifestyle best. For those drivers who like to have the latest and greatest vehicle models, changing vehicles every few years can certainly help with this because your car will always have the latest technologies and innovations. So what kind of driver are you? Browse through the available car leases at our car dealership in Amherst today.

How Does A Lease Differ From A Loan?

A car lease can seem very similar to a loan, but they have some pretty major differences. The main difference being how long you have the vehicle. As mentioned above, a lease is only for a period of time, while a car loan, once paid off, is forever. With a car loan, you will eventually own the vehicle outright and have a long-term commitment to it.

The smaller factors that differ between a loan and a lease are the monthly payments, interest rate, and down payment. Monthly payments and interest rates are generally lower on a lease because you are just paying for the depreciation of the vehicle over the terms of the agreement instead of the entire vehicle itself. A lease can also require little to no down payment, which is another factor that can attract some drivers. Learn more about the car lease options at Spitzer Volkswagen Amherst today.

Time To Choose

Now you know a little more about getting a car lease and what that entails. Hopefully you are one step closer to choosing a finance option that works best for you. You can call our finance department to learn more about how you can get a lease from our car dealership in Amherst. Our finance professionals will be able to help you choose the best one for your lifestyle and budget. Visit our Volkswagen dealership in Amherst near Elyria and North Olmstead or give us a call today.

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