Confused About Whether to Buy or Lease Your New Volkswagen? Let the Finance Team at Gurnee Volkswagen Clarify Things for You

February 22nd, 2020 by

Does the realm of auto financing give you anxiety? Are you especially concerned over the decision of whether to buy or lease your new Volkswagen car, wagon, or SUV? That dilemma can be a tough one for any customer, especially if you don’t feel like you have all the information you need to make the right choice. We don’t like to see any of our customers filled with trepidation over car financing options, so we have decided to present the information about buying and leasing you need in order to lessen those nerves and get you informed. The finance center at Gurnee Volkswagen, located at 6301 W Grand Avenue in Gurnee, IL, is always here for any of your auto financing questions.

What You Need to Know About Leasing

There are lots of folks who think leasing is mysterious, but it really is just a financing option that allows you to get a new Volkswagen vehicle for a short period of time, at a low monthly payment, and for a predetermined amount of mileage. Folks who tend to enter a Volkswagen lease agreement driver fewer than 15,000 miles a year and enjoy the thought of getting a new Volkswagen car, with the latest updates and technology, ever few years or so. The lower monthly payment associated with leasing is achieved because you are only financing the period of time you have the vehicle, not the entire amount.

What You Need to Know About Buying

Even with the increased popularity of leasing, there are still plenty of customers who choose to do a traditional auto loan for their new Volkswagen vehicle. Purchasing is different than leasing because, at the end of your auto loan, you will own that car. You will also have equity at the end of your car loan that you can use toward another vehicle. There are no mileage restrictions, or damage fees, when you choose to go with an auto loan, but you will pay a higher monthly payment than you would with leasing.

Want to Know More?

The finance center at Gurnee Volkswagen, in Gurnee, IL, is a great resource for everything regarding auto financing. If you have questions about which option might be best for you, complete our online credit application and a member of our finance staff will contact you about which options you qualify for and what might work best for your lifestyle and budget needs.