Leasing vs. Financing a VW Vehicle in Downers Grove, IL

Is your old vehicle on its last legs? Have you admired the new Volkswagen lineup from afar? Whether you’re interested in the new VW Beetle or the new VW Tiguan, our Volkswagen dealership in Downers Grove has a financial solution for every driver. If you’re uncertain how financing or leasing a car works, take a look at the pros and cons of both options below.
Before you sign the paperwork, check out our new vehicle specials for extra savings on your new Volkswagen purchase or lease. For more information, give us a call at (877) 811-2612.

Lease a Volkswagen: Pros & Cons

Pros Cons
Leasing a vehicle typically means a lower monthly payment and down payment. Often times, a down payment isn’t required. You can only drive the agreed-upon mileage, and if you go over the pre-determined amount you will be charged for it at lease end.
Do you love the latest vehicle technologies? Because a lease usually only last a couple of years, you can get access to the coolest new VW car features. Should you decide that leasing isn’t for you mid-lease, you’ll have to pay an early termination fee and select another vehicle to drive.
When you lease a vehicle, you’re only paying for the difference between the vehicle’s current price and the expected value, or the ‘residual value.’ Once your lease is up, you won’t own the vehicle and have the option to purchase the vehicle, purchase another vehicle, or sign up for a new lease.

Finance a Volkswagen: Pros & Cons

Pros Cons
Once you make your final auto loan payment, the vehicle is yours to keep. Depending on your credit score, monthly payments can get pricy. And typically, a higher down payment is required.
You can sell the car at anytime, even if you’re still making payments on it. Once the manufacturer warranty is up, repairs are completely up to you. Keep in mind that the condition the car is in will affect its value.
You will build equity in the car. When you decide to sell it, you can use the value of the vehicle to put toward another vehicle. Once you drive the vehicle off the lot, its value depreciates immediately.
Would you like more information on leasing vs. buying a car from the experts at our Volkswagen dealership in Downers Grove, IL? Send us a message online, and we’ll get in touch with you shortly. We encourage you to take a look at our new vehicle inventory to see if there is a VW car, SUV, or hatchback you’d like to finance or lease from Pugi Volkswagen.