Your Volkswagen Lease Questions Answered

Ahhhh, the joys of getting a new Volkswagen. The smell of a fabulous new car. That sense of accomplishment. The victory dance as you drive by and wave at your neighbors. Yup. You did it. New car. HANDLED. But before you get to that incredible feeling of being a new car owner, you have to decide on howyou want to own it. Many of our customers are curious about leasing VS. buying a Volkswagen, so we thought we’d put together this handy page outlining the benefits and differences of each deal type. Below are some of the common questions and topics we talk about here at Gunther VW.

Leasing VS. Buying a Volkswagen. Das Auto. Das Payment.

The benefits of leasing or buying comes down to your desired monthly payment and usage of the vehicle. Leasing will always yield a lower monthly payment because, after all, you are paying for a “portion” of the vehicle. You are committed to paying for a certain length of time and a certain amount of mileage. If you know your driving habits, leasing is a great way to save. If you drive higher mileage and want to own your vehicle for many years to come, financing might be the right option. So let’s look at some of the details:

How much does VW charge for extra miles on a lease?

The VW excess mileage charge is 35-cents per mile. This number is about 25% less than other European auto manufacturers, and while the goal is always to help you save, end of lease mileage adjustments can add up.

How many miles can you put on a leased car?

In general, the average lease is between 10,000mi and 12,000mi per year. There are lower mile leases available, and that’s ideal for older drivers or strictly local driving. 15K miles is typically the upper limit of mileage on a lease before the payment becomes competitive to a finance payment.

How do I return my VW lease?

Just bring it back to us! A few months out from lease-end, you’ll receive communications reminding you about this. At this time, we help you coordinate lease-end inspections, buy-out options, and new leases from Volkswagen. Volkswagen lease returns are easy!

Can you turn in a VW lease early?

Yes! We know that you might have the latest version of your current VW in your sights and don’t want to wait. Typically, your current car would come back to us in the form of a trade, taking into account the remaining payments and equity position. Simply terminating a lease will have many fees and stipulations, so make sure you understand the benefits of completing the term of your lease before terminating one.

Leasing or financing is a personal decision that usually frames an individual strategy. Typically, financing is better for high mileage drivers, and leasing is better for average to lower mileage drivers. Some good rules of thumb that will apply to either payment structure are as follows:

• The more money you put down, the lower your payment is going to be
• The lower the capitalized cost (through incentives, etc.), the lower the payment will be
• The longer the term, the lower the payment
• The better your rate, the better your payment
• We hope you have enjoyed this overview of leasing VS. financing! Please contact one of our sales team or finance managers if you have any additional questions. Either way, you’ll have to fill out our credit application, so why not get a pre-approval in place with our secure online application? From there, all you have to do is browse our new car inventory, pick your favorite, and drive home!