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Saved VehiclesAhhhh, 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.
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:
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.
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.
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!
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:
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954-797-1660
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